Industrial

Bridge Development Acquires 54-Acre Site, Plans 680,420 SF Industrial Development in Downers Grove, Illinois

by Kristin Harlow January 26, 2018

DOWNERS GROVE, ILL. — Bridge Development Partners LLC has acquired a 54-acre infill site in Downers Grove. The developer plans to build three industrial buildings totaling 680,420 square feet. The development will be known as Bridge Point Downers Grove. The buildings will feature clear heights of 32 and 36 feet and offer immediate access to I-88 and I-355. Completion is slated for the fourth quarter of 2018. Jason West, Sean Henrick, Michael Magliano, Doug Pilcher and David Friedland of Cushman & Wakefield will represent Bridge in the lease-up of the properties. No brokers were involved in the sale of the land site, as it was conducted off-market. An undisclosed national developer sold the land. Daniel Barrins of Associated Bank originated a $20 million acquisition loan, with $21.16 million syndicated to Byline Bank and Inland Bank.

January 26, 2018

Illinois Industrial Midwest

Raging Wire Purchases 19 Acres at Business Park in Itasca, Illinois

by Kristin Harlow January 26, 2018

ITASCA, ILL. — Raging Wire Data Centers has purchased 19 acres of land at Hamilton Lakes Business Park in Itasca. Patrick McKillen of Hamilton Partners represented ownership in the transaction. Recent development activity at the business park includes the 183,000-square-foot headquarters for American Academy of Pediatrics. Hamilton Lakes has approximately 3.5 million square feet of office space and 35 acres of additional development land remaining.

January 26, 2018

Illinois Industrial Midwest

NAI Hiffman Arranges Sale of 17,600 SF Industrial Building in Schiller Park, Illinois

by Kristin Harlow January 26, 2018

SCHILLER PARK, ILL. — NAI Hiffman has arranged the sale of a 17,600-square-foot industrial park in Schiller Park near the Chicago O’Hare International Airport. The sales price was not disclosed. The property, located at 9525 River St., includes 3,000 square feet of office space. Murat Cable LLC, an independent manufacturer of automotive and battery cables based in Turkey, purchased the property in an effort to expand its North American customer base. Joe Bronson, Jay Maher and Josh Will of NAI Hiffman represented the seller, Spell Capital Partners LLC. Thomas Gath of Newmark Knight Frank represented the buyer.

January 26, 2018

Connecticut Industrial Northeast Retail

Angel Commercial Brokers $1.9M Sale of Retail/Warehouse Building in Norwalk, Connecticut

by Amy Works January 25, 2018

NORWALK, CONN. — Angel Commercial has arranged the sale of a retail and warehouse building located at 173 Main St. in Norwalk. Servpro acquired the property from Brandman Realty LP for $1.9 million. The property features 17,500 square feet of retail and warehouse space. Headsquartered in Gallatin, Tenn., Servpro is a franchisor of fire and water cleanup and restoration franchises in the United States and Canada. Lester Fradkoff of Angel Commercial represented the seller, while Brett Sherman, also of Angel Commercial, represented the buyer in the deal.

January 25, 2018

Industrial Southeast Tennessee

HSA Signs XPO Logistics to 279,199 SF Lease at New Industrial Property in Metro Nashville

by Camren Skelton January 25, 2018

LEBANON, TENN. — HSA Commercial Real Estate has secured a 279,199-square-foot lease with XPO Logistics Supply Chain Inc. at Commerce Farms V, a newly constructed industrial building in Lebanon, an eastern suburb of Nashville. The logistics and transportation service provider has 1,444 locations around the world. HSA Commercial Real Estate completed construction on the 651,380-square-foot building on a speculative basis in late 2017. Located at the intersection of State Route 840 and Highway 109, the building is the last site within Commerce Farms Business Center. Randy Wolcott, Chad Tuck and Joe DeLemos of NorthStar Real Estate Advisors arranged the lease on behalf of HSA Commercial Real Estate. Sue Earnest of Avison Young and Dave Saltzman of Lee & Associates represented XPO Logistics, which is scheduled to take occupancy in May after a limited interior build-out is completed. GEODIS Logistics LLC occupies the remaining 372,181 square feet of Commerce Farms V.

January 25, 2018

Industrial Office Texas

Price Distributing to Relocate to 70,000 SF Office, Distribution Center in Metro Dallas

by Taylor Williams January 25, 2018

ENNIS, TEXAS — Price Distributing Co., a distributor of alcoholic beverages, will relocate from its current headquarters at 1212 Clay St. in the southern Dallas metro of Ennis to a new, 70,000-square-foot property, also in Ennis. St. Louis-based HDA Architects is designing the new property, which will serve as both Price’s primary office space and distribution center. A timetable for construction has not yet been established.

January 25, 2018

California Industrial Western

Engineered Floors Renews 127,375 Industrial Lease in Fullerton, California

by Nellie Day January 25, 2018

FULLERTON, CALIF. — Engineered Floors has renewed its lease for 127,375 square feet of industrial space at Fullerton Industrial Park. The Class B facility is located at 675-679 S. Placentia Ave. in Fullerton. Engineered Floors and CJ Foods, which renewed its lease this past November, occupy the 254,750-square-foot building. Sam Chanin of Transwestern represented the landlord, Bailard, in this transaction. Bill Blackwood of Coldwell Banker Kinard Realty represented Engineered Floors.

January 25, 2018

Industrial Texas

JLL Brokers Sale of 1.6 MSF Industrial Portfolio in Rio Grande Valley

by Taylor Williams January 24, 2018

MCALLEN, TEXAS — JLL has brokered the sale of the Sharyland Business Park portfolio, a 10-property portfolio of industrial assets totaling 1.6 million square feet in the Rio Grande Valley metro of McAllen. The sale includes 111 acres of developable land. The properties are located near the Anzalduas National Crossing and the McAllen International Airport and were approximately 95 percent leased at the time of sale. Laredo, Texas-based Killiam Development Ltd. acquired the portfolio from IDI Logistics Inc., an industrial developer with regional offices around the country. Dustin Volz and John Huguenard of JLL brokered the deal.

January 24, 2018

Georgia Industrial Southeast

Monmouth Acquires New 831,764 SF Industrial Building in Savannah for $57.5M

by Camren Skelton January 24, 2018

SAVANNAH, GA. — Monmouth Real Estate Investment Corp. has acquired an 831,764-square-foot industrial building located at 590 Northport Parkway in Savannah for $57.5 million. The company acquired the asset from CRG, the real estate development arm of Clayco, which delivered the building last year. The warehouse is situated on approximately 62.4 acres within the two-building Northport Commerce Center, roughly seven miles from the Port of Savannah. The property is net-leased for 10 years to Shaw Industries Inc., a Georgia-based flooring supplier and wholly owned subsidiary of Berkshire Hathaway Inc. Esmael Hill of The Net Lease Group (NLG) represented the seller in the transaction. NLG also arranged equity to finance the construction of the facility, which CRG originally developed on a speculative basis.

January 24, 2018

Industrial Texas

HFF Arranges Sale of 49,640 SF Industrial Asset in Houston

by Taylor Williams January 24, 2018

HOUSTON — HFF has arranged the sale of 500 Century Plaza, a 49,640-square-foot industrial property in Houston. Built in 1984, the property features office space, 14 grade-level doors and 14-foot clear heights. Trent Agnew, Rusty Hamlyn and Johnny Kight of HFF represented the seller, a joint venture between Archway Properties and NewQuest Properties, in the transaction. Houston-based Finial Group purchased the property for an undisclosed price.

January 24, 2018

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