Industrial

Oakmont Industrial to Develop 673,785 SF Speculative Warehouse in Metro Houston

by Taylor Williams October 10, 2017

KATY, TEXAS — Atlanta-based Oakmont Industrial Group will develop a 673,785-square-foot warehouse within the master-planned West Ten Business Park in the Houston metro of Katy. Situated on a 42-acre parcel, the property is being developed on a speculative basis and will feature 36-foot clear heights, cross-dock loading, 56-foot wide column spacing, an ESFR sprinkler system and LED warehouse lighting. The property will also offer parking for 691 automobiles and 256 trailers, as well as quick access to the Grand Parkway/State Highway 99 interchange. Construction is scheduled for a July 2018 completion. John Simons and Holden Rushing of NAI Partners brokered the land sale and will represent Oakmont in leasing the property.

October 10, 2017

JLL Negotiates 181,450 SF Industrial Lease for Plastics Producer in Houston

by Taylor Williams October 10, 2017

HOUSTON — JLL has negotiated a 181,450-square-foot industrial lease on behalf of Starplast, an Israeli manufacturer of plastics products, at North Point 8111, a 250,660-square-foot industrial building within Point North Cargo Park in Houston. Located at the intersection of FM 1960 and U.S. Highway 59, the facility will serve as the company’s base of U.S. manufacturing operations. Property features include a cross-dock configuration, 28-foot clear heights and fully fenced outside storage. Ryan Fuselier and Travis Secor of JLL represented Starplast in the lease negotiations. David Hudson of Duke Realty represented the landlord internally.

October 10, 2017

Delaware Industrial Northeast

Boxwood Industrial Park to Acquire Former General Motors Assembly Plant in Wilmington, Delaware

by Amy Works October 10, 2017

WILMINGTON, DEL. — Boxwood Industrial Park LLC, an affiliate company of Harvey, Hanna & Associates, has agreed to acquire the former General Motors assembly plant site, located at 801 Boxwood Road in Wilmington, for an undisclosed price. Wanxiang America Inc. is selling the 142-acre site, which includes more than 3 million square feet of former automobile manufacturing space, for an undisclosed price. Built in 1946, the site most notably served as a General Motors assembly plant until it closed in July 2009. The company plans to announce redevelopment plans for the site in the coming weeks.

October 10, 2017

Indiana Industrial Midwest

Darwin Realty Arranges Sale of 121,800 SF Industrial Building in Indianapolis

by Kristin Harlow October 10, 2017

INDIANAPOLIS — Darwin Realty has arranged the sale of a 121,800-square-foot industrial building in Indianapolis for an undisclosed price. The property is located at 9710 Park Davis Drive. The buyer, a Midwest-based manufacturer and distributor of food products, will use the facility to expand production capacity. The building features 28-foot clear heights and a fully air-conditioned warehouse. The facility is expandable to accommodate future growth. Chip Barnes and Brian Buschuk of JLL represented the seller, Pinchal & Co.

October 10, 2017

Illinois Industrial Midwest

Eagle Foods Signs 98,251 SF Industrial Lease in Waukegan, Illinois

by Kristin Harlow October 10, 2017

WAUKEGAN, ILL. — Eagle Foods has signed a 98,251-square-foot industrial lease at Delany Commerce Center in Waukegan. The manufacturer and distributor of household food products will occupy the property in December after an interior build-out is completed. The 218,500-square-foot building, located at 2431 Delany Road, is now fully leased and is the first distribution facility at Delany Commerce Center. Chicago-based HSA Commercial Real Estate developed the center in partnership with Washington Capital Management Inc. Tim Thompson of HSA represented ownership in the lease transaction. Ed Lowenbaum of Lowenbaum REP represented Eagle Foods.

October 10, 2017

Industrial Massachusetts Northeast

Campanelli, Clarion Partners Break Ground on 427,500 SF Industrial Project in Bellingham, Massachusetts

by Amy Works October 9, 2017

BELLINGHAM, MASS. — Campanelli and Clarion Partners have broken ground for The Campanelli Business Park of Bellingham, a Class A speculative industrial project located in Bellingham. Situated on 90 acres, the two-building park will feature 427,500 square feet of industrial space. Slated for completion in August 2018, Building I will feature 127,500 square feet and Building II will feature 300,000 square feet. The partnership acquired the land parcel from Welltower, an Ohio-based healthcare REIT. Andrew Sacher of AIS CRE represented the seller in the acquisition. Richard Schuhwerk and Edward Jarosz of JLL have been retained as exclusive leasing agents for the speculative warehouses. Campanelli Construction is building the two warehouses simultaneously.

October 9, 2017

Florida Industrial North Carolina Southeast

GCP Buys 1.2 MSF Industrial Portfolio in Charlotte, Orlando for $74M

by Camren Skelton October 9, 2017

CHARLOTTE, N.C. AND ORLANDO, FLA. — GCP has acquired a 1.2 million-square-foot industrial portfolio in Charlotte and Orlando for $74 million. The portfolio includes two warehouses within Legacy Park West in Charlotte: a 126,000-square-foot facility fully leased to Elite Logistics and a recently completed, 432,000-square-foot building. Avison Young will handle the new building’s leasing efforts. The portfolio also includes Lake County Distribution Center, a 706,722-square-foot property in Orlando that is fully leased to Samsung SDS America and Niagara Bottling. The facility serves as Samsung’s new Southeast distribution center and as Niagara’s distribution hub that services its bottling facility less than a mile away.

October 9, 2017

Illinois Industrial Midwest

PCCP, Tristar to Develop 593,940 SF Industrial Building Near St. Louis

by Kristin Harlow October 9, 2017

EDWARDSVILLE, ILL. — PCCP has formed a joint venture with TriStar Properties to develop a 593,940-square-foot industrial building in Edwardsville, about 25 miles northeast of St. Louis. Situated on 54 acres, the project is located within Gateway Commerce Center, which consists of 15.7 million square feet. The building will feature 36-foot clear heights and 185-foot truck courts. Construction is underway and completion is slated for February 2018. Gateway Commerce Center is 100 percent leased to tenants such as Procter & Gamble Co., Unilever, Amazon.com and Geodis, part of SNCF Logistics.

October 9, 2017

Industrial Self-Storage Texas

Bellomy Arranges Sale of Two Self-Storage Facilities Totaling 1,223 Units in Metro San Antonio

by Taylor Williams October 9, 2017

BOERNE AND HELOTES, TEXAS — Bellomy & Co. has arranged the sale of two self-storage facilities totaling 1,223 units in the San Antonio metros of Boerne and Helotes. Ten Oaks Self Storage Boerne is a 756-unit, Class A property situated on 7.5 acres at 131 Old San Antonio Road, and Ten Oaks Self Storage Helotes is a 467-unit facility located at 16304 Bandera Road. The properties offer a combined 186,859 net rentable square feet. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Boerne-based seller in the transaction.

October 9, 2017

Industrial Texas

JLL Negotiates Sale-Leaseback of 133,480 SF Industrial Asset in Houston

by Taylor Williams October 9, 2017

HOUSTON — JLL has negotiated the sale and leaseback of a 133,480-square-foot distribution center located at 7350 Langfield Road in Houston. The property features 34 dock-high doors, 30-foot clear heights, outside storage and access to U.S. Highway 290 and Beltway 8. Denver-based Industrial Property Trust purchased the property and will leaseback all of the space to T&L Distributing, a Houston-based distributor of flooring materials. Dustin Volz, Kevin McConn, Zane Marcell and Grant Matthews led the JLL team on the transaction.

October 9, 2017

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