Industrial

TCC, Artis REIT Complete Construction on Park Lucero Phase II in Arizona

by Nellie Day March 15, 2017

GILBERT, ARIZ. — A joint venture between Trammell Crow Co. (TCC) and Artis REIT has completed construction on Park Lucero Phase II, a 131,796-square-foot spec industrial building in Gilbert. The Class A building fronts the Santan Freeway (Loop 202). Park Lucero is situated on 48 acres at the northwest corner of Mustang Drive and Germann Road near the Gilbert/Chandler border. Phase II is situated adjacent to Park Lucero’s Phase I, which was completed in 2015, and Phase III, which is currently under construction. Both Phase I and Phase II are fully leased. Park Lucero is a four-phase industrial park featuring buildings with dock-high, truck well and grade-level loading; 24- to 30-foot ceiling clear heights; and an overall 2.1:1,000 parking ratio. The project will eventually contain nearly 600,000 square feet of industrial space in six buildings.

March 15, 2017

Colorado Industrial Western

Rocky Crest Enterprises Buys 28-Acre Site Near Denver for New Industrial Project

by Nellie Day March 15, 2017

DENVER — Rocky Crest Enterprises LLC has purchased 28 acres of land in the northern Denver submarket of Commerce City for $3.1 million. The land is located at 10600 Havana St. Rocky Crest plans to construct a 30,000-square-foot, multi-tenant industrial building with outside storage at the site. The LLC has also secured a lease for 10 acres with logistics firm Denver Intermodal Express. The firm plans to use the site for small office use, trailer storage and its grain operation. There are no current industrial developments underway in the immediate area, according to NGKF’s Russell Gruber, who represented Rocky Crest in the transaction. The acquisition also represents one of the largest land sales in the area since 2007. Construction is expected to commence in the third quarter of 2017, with completion scheduled for early 2018.

March 15, 2017

Industrial Texas

Bradford Commercial Arranges 30,000 SF Industrial Sublease in Arlington

by Taylor Williams March 15, 2017

ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has negotiated a 30,000-square-foot industrial sublease in 360 Mayfield Business Center, located at 3460 S. Watson Road in Arlington. Michael Spain of Bradford represented the sublessor, consulting firm Anew Business Solutions Inc., and Shane Clark of PSC Consulting Services represented the sublessee.

March 15, 2017

Florida Industrial Southeast

Bridge Development Partners Sells Two Industrial Assets in South Florida for $53M

by John Nelson March 15, 2017

FORT LAUDERDALE, FLA. — Bridge Development Partners has sold two Class A industrial buildings in South Florida totaling nearly 400,000 square feet for $53 million. The assets include Bridge Point Davie in south Broward County and Bridge Point Crossroads West in northwest Miami-Dade County. Chris Riley, Christian Lee and Jose Antonio Lobon of CBRE represented Bridge Development Group in the sale to an unnamed institutional investment management firm. Built in the second quarter of 2015, the 145,800-square-foot Bridge Point Davie was fully leased at the time of sale to tenants such as Pet Supermarkets and Challenge Warehouse. Steve Wasserman and David Wigoda of JLL managed the leasing assignment for the asset on behalf of Bridge Development. Built in the third quarter of 2016, the 243,300-square-foot Bridge Point Crossroads West was nearly 90 percent leased at the time of sale to tenants such as Ace Transport and Pas Cargo. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield marketed the asset on behalf of Bridge Development.

March 15, 2017

Industrial Midwest Minnesota

Opus Completes 122,400 SF Speculative Industrial Development Near Minneapolis, Signs First Tenant

by Kristin Harlow March 15, 2017

SHAKOPEE, MINN. — The Opus Group has completed the third phase of development at Valley Park Business Center in Shakopee, southwest of Minneapolis. The 122,400-square-foot building is the final phase of Opus’ development at the 50-acre site. Minnesota-based Fountain Industries, a manufacturer of cleaning equipment and systems, will be the first tenant, leasing approximately 48,000 square feet. The building features 28-foot clear heights, 193 parking stalls, 24 dock doors and six drive-in doors. Previous phases of development at the park include the completion of a 200,000-square-foot speculative development and a 216,000-square-foot build-to-suit warehouse for Amerisource Bergen.

March 15, 2017

Industrial Midwest Missouri

Sealy & Co. Acquires 926,287 SF Industrial Portfolio in St. Louis

by Kristin Harlow March 15, 2017

ST. LOUIS — Sealy & Co. has acquired a Class A industrial portfolio totaling 926,287 square feet in the Earth City submarket of St. Louis. The acquisition was made on behalf of Sealy Strategic Equity Partners. All three buildings are located in a master planned business park near I-70 and I-270. The portfolio is 94 percent leased to eight tenants.

March 15, 2017

Illinois Industrial Midwest

Apollo Flow Controls Signs 226,102 SF Industrial Lease in Romeoville, Illinois

by Kristin Harlow March 15, 2017

ROMEOVILLE, ILL. — Apollo Flow Controls has signed a 226,102-square-foot industrial lease in Romeoville, 26 miles southwest of Chicago. The producer of flow control products will occupy the space at 1881 Normantown Road. The building, developed by Molto Properties in 2015, features 32-foot clear heights, two drive-in doors, 35 docks and parking for 200 cars and 39 trailers. Britt Casey, Chris Lydon and Al Caruana of Cushman & Wakefield represented Apollo in the long-term lease transaction, while Jim Estus of Colliers International represented Molto. Meridian Design Group was responsible for tenant improvements.

March 15, 2017

Industrial New Jersey Northeast

Asbury Park Brewery Purchases Former Warehouse in Asbury Park, N.J.

by Haisten Willis March 15, 2017

ASBURY PARK, N.J. — Asbury Park Brewery has purchased a 28,369-square-foot former warehouse located at 810 Sewall Ave. in Asbury Park. Glenn Jaffe of Sheldon Gross Realty represented the seller, Flexcraft Co. Asbury Park Brewery initially signed on to lease the property, then decided to purchase it during the lease term. A Family Dollar store also occupies a portion of the property.

March 15, 2017

Industrial Texas

Dallas Builders Select Bob Moore Construction to Build 800,000 SF Distribution Center in Garland, Texas

by Taylor Williams March 14, 2017

GARLAND, TEXAS — Dallas-based developers Eric Langford and Brian Flaherty have appointed Arlington-based general contractor Bob Moore Construction to build Jupiter Miller Business Center, a two-building industrial distribution center located on Jupiter Road in the northeast Dallas suburb of Garland. The industrial development will cover 40 acres of the 70-acre property, which was previously occupied by defense contractor and weapons manufacturer Raytheon. Delivery of the center, which will span 800,000 square feet, is scheduled for 2018.

March 14, 2017

Industrial Office Texas

Bradford Commercial Secures Sport Supplier’s Headquarters in Grand Prairie

by Taylor Williams March 14, 2017

GRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has secured a new office hub and industrial distribution center for FloorballPlanet, a supplier of equipment and accessories for floorball, an indoor sport similar to field hockey, in Grand Prairie, a city in the Dallas-Fort Worth metroplex. The company has selected Woodlands Business Center, located at 2005 108th St., as its operating base and has leased 12,818 square feet, including 3,700 square feet for office space. Michael Spain, Brock Wilson and Joe Santaularia of Bradford Commercial represented the landlord, Woodlands Business Center LLC, in the transaction. Bob Gibbons of REATA Commercial Realty LLC represented FloorballPlanet.

March 14, 2017

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