Industrial

Tritower Financial Group Completes $45.1M Sale of Amazon Robotics Headquarters in North Reading, Massachusetts

by Amy Works October 24, 2017

NORTH READING, MASS. — Tritower Financial Group has completed the disposition of a technology headquarters facility located at 300 Riverpark Drive in North Reading. A partnership between Lincoln Property Co., Ibdar Bank and Ritz Banc Group purchased the facility for $45.1 million. Amazon utilizes the 228,921-square-foot facility as its robotics headquarters; it is the only facility in the world that designs, assembles and tests all proprietary fulfillment robotics used by all Amazon distribution facilities. Dave Pergola and Brian Doherty of CBRE/New England represented the seller and procured the buyer in the transaction.

October 24, 2017

Industrial Maine Northeast

Cardente Real Estate Negotiates Sale of Warehouse Building in Auburn, Maine

by Amy Works October 24, 2017

AUBURN, MAINE — Cardente Real Estate has arranged the sale of a warehouse building located at 279 Washington St. South in Auburn. Maurice Eastman and Lauren Eastman sold the 5,500-square-foot property to an undisclosed buyer. Cheri Bonawitz of Cardente Real Estate represented the seller, while Greg Perry, also of Cardente Real Estate, represented the buyer in the transaction.

October 24, 2017

Industrial Office Texas

J. Beard Arranges Sale of 22,000 SF Flex Property in Metro Houston

by Taylor Williams October 24, 2017

SPRING, TEXAS — The J. Beard Real Estate Co. has arranged the sale of a 22,000-square-foot office/warehouse property situated on two acres at 26009 Budde Road in the northern Houston suburb of Spring. The four-building property was built in 1999 and is currently occupied by seven tenants. Jeff Beard of J. Beard represented the seller, Pines Business Park LLC. San Antonio-based Windswood Corp. purchased the asset for an undisclosed price.

October 24, 2017

Industrial Loans New York Northeast

Cushman & Wakefield Secures $54M in Acquisition Financing for 20-Acre Lot in the Bronx

by Amy Works October 23, 2017

NEW YORK CITY — Cushman & Wakefield has arranged $54 million in financing for Innovo Property Group and Square Mile Capital Management for the acquisition of a 20-acre lot located at 2505 Bruckner Blvd. in the Bronx. Affiliates of Pine River Capital Management provided the floating-rate financing. The lot was formerly occupied by Whitestone Cinemas. Future development plans for the property may include industrial and warehouse space. Adam Spies, Doug Harmon, Adam Doneger and Josh King of Cushman & Wakefield represented Innovo Property Group in arranging joint venture equity from an affiliate of Square Mile Capital Management. Steve Kohn, Alex Hernandez and Noble Carpenter III of Cushman & Wakefield Equity, Debt and Structured Finance arranged the financing.

October 23, 2017

Industrial Texas

NAI Partners Secures 31,688 SF Industrial Lease in Houston

by Taylor Williams October 23, 2017

HOUSTON — NAI Partners has secured a 31,688-square-foot industrial lease at 401-421 W. Crosstimbers St. in Houston on behalf of Houston Installation Services Inc., a furniture installation and relocation services firm. Jake Wilkinson of NAI represented the tenant in the negotiations. The duration of the lease, landlord and representative of the landlord were not disclosed.

October 23, 2017

Industrial Texas

Pontikes to Develop 3 MSF Distribution Center in Greater Houston

by Taylor Williams October 20, 2017

BAYTOWN, TEXAS — Houston-based Pontikes Development plans to build Port 10 Logistics Center, a 3 million-square-foot, Class A distribution center that will be situated on 246 acres at the corner of Thompson Road and Interstate 10 in the Houston metro of Baytown. The rail-served property will feature 32- and 36-foot clear heights and on-site rail and trailer storage. The first phase of the project, which is currently slated for a third-quarter 2018 completion, will deliver two cross-dock buildings measuring 485,000 and 295,000 square feet. JLL will handle leasing of the property.

October 20, 2017

Industrial Texas

Hunt Southwest Inks Two Industrial Leases Totaling 260,176 SF in Fort Worth

by Taylor Williams October 20, 2017

FORT WORTH, TEXAS — Hunt Southwest Real Estate Development has inked two industrial leases totaling 260,176 square feet at Riverbend West Distribution Center in Fort Worth. Ecolab, a Minnesota-based provider of resource technologies and services, has leased 192,350 square feet and PODS, a Florida-based moving and storage company, has leased 67,826 square feet. Located at 2101 Reeves Place near Interstate 820, the 301,500-square-foot facility features 2,167 square feet of office space, 12 dock-high doors and LED warehouse lighting. J.R. Tomlinson of Jackson Cooksey represented Ecolab and Mark DiMarsico of Commercial Realty Associates represented PODS in the lease negotiations. Donnie Rohde and George Jennings of Holt Lunsford Commercial represented Hunt Southwest.

October 20, 2017

Industrial New Jersey Northeast Self-Storage

Hampshire Cos., First Westwood Realty Open Self-Storage Facility in Westwood, New Jersey

by Amy Works October 20, 2017

WESTWOOD, N.J. — A joint venture between The Hampshire Cos. and First Westwood Realty has opened an Extra Space Storage location at 15 Madison Ave. in Westwood. Designed by SNS Architects, the 100,000-square-foot facility features 916 self-storage units, 24/7 access, elevators, full climate control, a covered loading area and a state-of-the-art security system. Extra Space Storage will manage the property. This facility is the 37th Extra Space Storage property that The Hampshire Cos. has developed. Since 2012, Hampshire Cos. has repositioned and developed 52 self-storage facilities with an aggregate value of more than $585 million.

October 20, 2017

Industrial Midwest Minnesota

Brennan Completes Sale-Leaseback of 86,460 SF Industrial Building in Oakdale, Minnesota

by Kristin Harlow October 20, 2017

OAKDALE, MINN. — Brennan Investment Group LLC has acquired an 86,460-square-foot industrial building in Oakdale, a suburb of St. Paul. The purchase price was not disclosed. The seller, Total Logistics Inc., will lease back the space from Brennan. The property is located at 2900 Granada Lane North. The acquisition was funded through a net leased joint venture with one of Arch Street Capital Advisors’ institutional clients.

October 20, 2017

Industrial New Jersey Northeast

CenterPoint Acquires Distribution Center in Northern New Jersey

by Amy Works October 19, 2017

WAYNE, N.J. — CenterPoint Properties has purchased a new distribution center, located at 95 Demarest Drive in Wayne, for an undisclosed price. Located on 14 acres and built in 2016, the 163,253-square-foot property features 90 trailer parking spaces, 219 car parking spaces, 44 dock-high doors and 28-foot clear heights. The facility is fully leased on a long-term basis to one of the largest delivery companies in North America. Britton Burdette of Stan Johnson Co. represented the undisclosed seller in the deal.

October 19, 2017

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