Industrial

Warehomes Precisions Acquires 150,000 SF Industrial Building Near Miami for $8.8M

by Camren Skelton October 16, 2017

HIALEAH, FLA. — Warehomes Precisions LLC, an affiliate of Rok Acquisitions, has acquired a 150,000-square-foot industrial building in Hialeah for $8.8 million. The property is located at 15801 N.W. 49th Ave. in the Palmetto Lakes submarket, roughly 16 miles northwest of downtown Miami. Lee Katsikos of The Katsikos Group represented the seller in the transaction, Precision Trading Corp. Ted Konigsberg of Infinity Commercial Real Estate represented Warehomes Precisions. The building features a divisible configuration and IU-2 zoning, allowing for a number of manufacturing and technology uses outside of basic logistics and warehousing.

October 16, 2017

Industrial South Carolina Southeast

SunCap Sells 230,000 SF Industrial Building in Upstate South Carolina for $18.5M

by Camren Skelton October 13, 2017

MOORE, S.C. — SunCap Property Group has sold Magna Distribution Center, a 229,950-square-foot warehouse and distribution facility in Moore, roughly 30 miles east of Greenville. A private investor purchased the asset from SunCap for $18.5 million. Chris Norvell and Patrick Nally of HFF represented SunCap in the transaction. Constructed this year, Magna Distribution Center is a build-to-suit for Magna Seating of America Inc., an automotive seating manufacturer. The building has an expansion capacity of 50,000 square feet and features 214,500 square feet of production space, 15,500 square feet of office space, LED lighting, 50- by 50-foot column spacing, 32-foot clear heights, 30 dock-high doors, 13 knock-out panels, 20 trailer stalls and 250 parking spaces. Situated within the 882-acre Tyger River Industrial Park North, Magna Distribution Center is in the Route 290 Industrial submarket, roughly 10 miles from the BMW manufacturing plant in Greer.

October 13, 2017

Midwest Missouri Self-Storage

SkyView Advisors Arranges Sale of 440,059 SF Self-Storage Portfolio in Metro St. Louis

by Kristin Harlow October 13, 2017

ST. LOUIS — SkyView Advisors has arranged the sale of ACE Storage portfolio in metro St. Louis. The sales price was not disclosed. The portfolio spans six properties and 440,059 square feet. The buildings feature a total of 750 climate-controlled units and 2,246 non-climate-controlled units as well as 331 parking spaces. Ryan Clark of SkyView Advisors represented the undisclosed seller. National Storage Affiliates purchased the portfolio.

October 13, 2017

Illinois Industrial Midwest

Weiman Products Signs 255,418 SF Industrial Lease in Gurnee, Illinois

by Kristin Harlow October 13, 2017

GURNEE, ILL. — Weiman Products LLC has signed a 255,418-square-foot industrial lease renewal and expansion in Gurnee, about 40 miles north of Chicago. Previously occupying 155,000 square feet at the property, the surface care product manufacturer will now occupy the entire property. Developed by CenterPoint Properties in 2008, the building is located at 705 Tri-State Parkway and features 30-foot clear heights and 20 exterior docks. Whit R. Heitman, Sam Badger and Jared Paff of CBRE represented Weiman in the lease transaction.

October 13, 2017

Arizona Industrial Western

Bailard Buys 188,142-Square-Foot Industrial Building in Phoenix for $16.1M

by Nellie Day October 13, 2017

PHOENIX — Bailard has purchased a 188,142-square-foot industrial building in Phoenix for $16.1 million. The facility is located at 7822 S. 46th St. in the Sky Harbor Airport submarket. The property is fully leased to BAE Systems. The seller, Cohen Asset Management, acquired the asset in 1992. Will Strong of Cushman & Wakefield and Rick Lee and Conner Lee of Lee & Associates represented both the buyer and seller in this transaction.

October 13, 2017

Illinois Loans Midwest Self-Storage

ASC Arranges $7.6M Bridge Loan for Self-Storage Facility in Chicago

by Kristin Harlow October 12, 2017

CHICAGO — American Street Capital (ASC) has arranged a $7.6 million bridge loan for a self-storage facility in Chicago’s Old Town neighborhood. The 55,418-square-foot facility consists of 885 traditional storage units and 490 wine storage units. Built in 1920, the property was converted into a self-storage facility in 1984. The bridge loan will be used for capital improvements to modernize the facility. Igor Zhizhin of ASC arranged the two-year loan.

October 12, 2017

Industrial Midwest Wisconsin

CBRE Brokers Sale of 70.9-Acre Industrial Site in Kenosha, Wisconsin

by Kristin Harlow October 12, 2017

KENOSHA, WIS. — CBRE has brokered the sale of a 70.9-acre land site in Kenosha for an undisclosed price. The land can accommodate for a total of more than 1 million square feet of development. Whit R. Heitman, Sam Badger, Brad Weiner and Jared Paff of CBRE represented both the buyer, Towne Realty Inc., and the seller, Bridge Acquisitions LLC, a division of Bridge Development Partners.

October 12, 2017

Indiana Industrial Midwest

Kuehne + Nagel Inks 78,300 SF Industrial Lease Expansion in Suburban Indianapolis

by Kristin Harlow October 12, 2017

PLAINFIELD, IND. — Kuehne + Nagel has signed an industrial lease for an additional 78,300 square feet at Gateway Business Park in Plainfield, a suburb of Indianapolis. The Switzerland-based global logistics has occupied 55,000 square feet at the property since June and will now lease a total of 133,800 square feet. Known as Gateway Industrial IV, the 151,200-square-foot building is located at 845 S. Columbia Road. Chicago-based HSA Commercial Real Estate developed the building in partnership with Washington Capital Management. Gateway Industrial IV is the fifth and final building in the 40-acre park. John Hanley, Terry Busch and Jared Scaringe of CBRE represented ownership in the lease transaction.

October 12, 2017

Data Centers Industrial Texas

T5, Hillwood, IPI to Develop 324-Acre Data Center Campus at AllianceTexas in Fort Worth

by Taylor Williams October 11, 2017

FORT WORTH, TEXAS — T5 Data Centers, a data center owner and operator with facilities across the country, will co-develop a 324-acre data center campus in Fort Worth. Hillwood and IPI Data Centers Partners Management LLC, a San Francisco-based data center investment platform, will co-develop the campus, which will be situated within the 18,000-acre AllianceTexas community. At full build-out, the development will be capable of delivering 400-plus megawatts of power. A timetable for construction has not yet been established.

October 11, 2017

Industrial Texas

NAI Partners Negotiates 51,824 SF Industrial Lease in West Houston

by Taylor Williams October 11, 2017

HOUSTON — NAI Partners has negotiated a 51,824-square-foot industrial lease at 16390 Park Row Drive in west Houston. Built in 1978, the single-tenant warehouse features 28-foot clear heights, three dock-high loading doors and a parking ratio of 0.57 spaces per 1,000 square feet. Darren O’Conor and Jake Wilkinson of NAI Partners represented the landlord, FMFV Warehousing Inc., in the lease negotiations. The tenant was not disclosed.

October 11, 2017

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