ARLINGTON, TEXAS — Lee & Associates has negotiated a 40,576-square-foot industrial lease renewal at 417 113th St. in Arlington. Mark Graybill and Colton Rhodes of Lee & Associates represented the landlord, Global Logistics Property, in the lease negotiations. Jim Ferris of Bradford Cos. represented the tenant, JTM Ventures Inc., an Arlington-based defense contractor. The length of the lease renewal was not disclosed.
SAN FRANCISCO — A joint venture between CIM Group and fifteenfortyseven Critical Systems Realty (1547) has acquired a 7.3-acre site at 400 Paul Ave. in the Portola neighborhood of San Francisco for an undisclosed sum. The site will soon be home to a 187,000-square-foot data center with 24 megawatt power capacity. The acquisition also includes two 1930s-era buildings that total 54,225 square feet. The facilities will undergo improvements to serve as office and support space for data center tenants.
GERMANTOWN, WIS. — The Dickman Co. Inc. has negotiated the sale of a 12,208-square-foot industrial building in Germantown, about 25 miles northwest of Milwaukee. The sales price was not disclosed. The property is located on Fulton Drive. Price Properties LLC purchased the building from Moldmakers Leasing & Investments LLC. Nick Keys, Samuel M. Dickman Jr. and Samuel D. Dickman brokered the transaction.
MACON, GA. — Irving Consumer Products, a manufacturer of paper products, has unveiled plans to develop a $400 million tissue manufacturing facility in Macon, creating over 200 jobs. The 700,000-square-foot facility will be built on 136 acres in the Sofkee Industrial Park off Ga. 247 and Allen Road, according to The Telegraph. The Canadian company is one of North America’s leading producers of household paper and baby diaper products. Irving’s brands include Scotties, Royale and Majesta. Engineering and planning of the new facility are underway, and construction is expected to begin this summer. The project is slated for completion in 2019.
BUFORD, GA. AND RICHMOND, VA. — PCCP LLC, in a joint venture with Panattoni Development Co., has unveiled plans to develop two speculative industrial properties in Buford and Richmond totaling over 1.1 million square feet. In Buford, the 208,656-square-foot, Class A building will be situated on 17 acres at Broadmoor Boulevard in the Northeast Atlanta industrial submarket. The property is part of Panattoni’s Buford Logistics Center, which includes three adjacent warehouses totaling approximately 1.4 million square feet. Construction on the new development is slated for completion in early 2018. In Richmond, the joint venture will develop Commerce Road Logistics Center, a two-phased, two-building, Class A warehouse and distribution center totaling 923,400 square feet. The 62-acre site is situated four miles south of downtown Richmond and is adjacent to the Richmond Marine Terminal. The first building in the development is slated for completion in the third quarter of 2018.
DALLAS — Trammell Crow Co. has completed a 201,172-square-foot industrial facility within I-30 Business Park in Dallas for Freeman Audio Visual, a Canadian electronics solutions firm. The facility consists of 43,000 square feet of office space and 158,172 square feet of warehouse and storage space. Richardson-based Alliance Architects Inc. designed the facility. FCL Builders and Fast-Trak Construction served as general contractors for the shell building and property interior, respectively.
LAS VEGAS — Blueprint Studios Trends has leased an 81,000-square-foot space within the Southwest Corporate Campus in Las Vegas that formerly served as the headquarters of International Gaming Technology (IGT). The campus is located at 7900 W. Sunset Road. The studio plans to use the space to produce designs for large-scale events, including tradeshows, general sessions, exhibit booths, summits and sales kick-off meetings. Southwest Corporate Campus was completed in 2007. Notable neighboring tenants include IGT, IKEA, Pepsi, UFC, Freeman Company, Scientific Games, Ainsworth and Switch. The Naseef Team of Colliers International represented Blueprint. Susan Borst, Dan Doherty, Chris Lane and Jerry Doty of Colliers International represented the landlord, Panattoni Development.
MCDONOUGH, GA. — Panattoni Development Co. Inc. has broken ground on nearly 1.6 million square feet of space at Lambert Farms Logistics Park in McDonough, roughly 30 miles south of Atlanta. Located in the South Atlanta industrial submarket, 1 million square feet of space has been preleased to an international consumer brand, and the additional 550,000 square feet is being developed as speculative space. Wit Truitt, Chris Tomasulo and Reed Davis of JLL represented Panattoni in the lease negotiations and is marketing the speculative portion of the project. Construction on the development began in June and is slated for completion in the second quarter of 2018. In 2016, upscale retailer Tory Burch leased a 753,000-square-foot distribution center at Lambert Farms, which is expected to be operational later this year, creating roughly 150 new jobs.
DEER PARK, TEXAS — NAI Partners has negotiated the sale of a 73,000-square-foot industrial property situated on 6.2 acres at 2802 E. 13th St. in Deer Park, approximately 20 miles east of Houston. John Ferruzzo and Chris Kugle of NAI represented the seller, Deer Park 1031 DST, in the transaction. Jim Stark of CBRE represented the buyer, Turtle & Hughes Inc.
WENTZVILLE, MO. — Contegra Construction Co. has completed a 1.1 million-square-foot logistics center in Wentzville, about 40 miles west of St. Louis. The multi-million dollar facility, which serves as a logistics optimization center for the nearby General Motors Corp. assembly plant, is located on a 132-acre site at 201 Wentzville Industrial Drive. TVS Supply Chain Solutions operates the center. The building features 32-foot clear heights, 168 dock doors and six drive-in doors. The project is among 14 logistic facilities in the metro St. Louis area that Contegra is currently building or has completed in 2017. NorthPoint Development was the project developer.
