FONTANA AND CITY OF INDUSTRY, CALIF. — Duke Realty Corp. has purchased two industrial buildings totaling 873,870 square feet in Southern California. The assets are part of a larger $700 million, 12-property industrial portfolio Duke has purchased from Bridge Development Partners. The assets include a 429,870-square-foot building at South Ajax Avenue in the City of Industry and a 444,000-square-foot facility at 11250 Poplar Ave. in Fontana. Poplar Avenue was completed and leased in 2016, while Ajax Avenue was completed in 2017. HFF’s Anthony Brent and Ryan Martin represented both the buyer and seller in this transaction.
TEMPE, ARIZ. — AllState has purchased Tempe Logistics Center, a 175,314-square-foot industrial building in Tempe, for an undisclosed sum. The building is located at 1524 W. 14th St. The asset serves as a “last-mile” warehouse with 18- to 24-foot clear heights, automatic fire suppression, 23 dock loading doors, six grade-level doors, an over-standard parking ratio and 130-foot truck courts. Recent tenant improvements include the installation of full air conditioning in the office and warehouse space, a new office and kitchen buildout, and an upgraded power supply. The asset is fully leased to investment-grade tenants. CBRE Global Investors acquired the property on behalf of AllState. Will Strong, Mike Haenel, Andy Markham and Phil Haenel of Cushman & Wakefield represented the seller, LBA Realty, in this transaction.
MACON, GA. — Amazon has unveiled plans to open a 1 million-square-foot fulfillment center in Macon. The new center will create more than 500 new full-time jobs upon opening, and will be the company’s fourth warehouse and distribution hub in Georgia. The e-commerce giant currently operates facilities in Braselton, Lithia Springs and Union City. Employees at the new facility will pick, pack and ship large-sized items, including household furniture, sporting equipment and gardening tools. New jobs will include warehouse, management and supervisory positions. The project is being developed in a partnership between Seefried Industrial Partners and an affiliate of USAA Real Estate Co. The Macon-Bibb County Industrial Authority entitled and sold the property.
AUSTIN, TEXAS — Tampa-based data center operator vXchnge has acquired a 100,000-square-foot data center campus located at 8025 N. Interstate 35 in Austin. The colocation facility, which is currently undergoing a doubling of its current capacity, will eventually be capable of producing 26 megawatts of power. The sale includes the 18 acres of land on which the campus is situated. The seller and sales price were not disclosed.
HOUSTON — NAI Partners has arranged the sale of a 13,230-square-foot warehouse located at 11811 Tanner Road in west Houston. John Ferruzzo and Nick Peterson of NAI Partners represented the seller, Herman Allen Stewart, in the transaction. Mark Lehman and Nathan Rodriguez of Centermark Real Estate represented the buyer, Indiana-based BRADY Investments LLC. Other terms of sale were not released.
BOONVILLE, MO. — Binswanger has brokered the sale of a 250,000-square-foot industrial building in Boonville, about 25 miles west of Columbia. The sales price was not disclosed. The property is located at 2501 Boonslick Drive. Constructed in 1979 with renovations in 1988, the facility features 30-foot clear heights, 14,050 square feet of office space, 22 dock doors, two drive-in doors and parking for 310 vehicles. An individual buyer, Daniel E. Smith, purchased the property with plans to use it for speculative leasing of manufacturing or warehousing uses. Jim Medbery of Binswanger represented the undisclosed seller.
SANTA FE SPRINGS, CALIF. — Westcore Properties has purchased a 74,038-square-foot warehouse building in the Los Angeles submarket of Santa Fe Springs for an undisclosed sum. The warehouse is located at 13915 Maryton Ave. The purchase marks Westcore’s return to the Los Angeles industrial market after an 18-month hiatus. The firm plans to add about 5,000 square feet of speculative office space to the vacant warehouse building. It will also make limited upgrades to the existing structure. The asset is the only modern building of its size available along the 5 Freeway corridor that spans from the City of Commerce to the North Orange County marketplace, according to Scott Heaton, who, along with Chris Sheehan of Colliers International, represented both parties in the transaction. The seller was Bridge Development.
MIRAMAR, CALIF. — OnTrac has renewed its lease for an 84,000-square-foot industrial distribution property in the San Diego submarket of Miramar. The space is located at 7077 Consolidated Way. The facility was built in 1981. OnTrac has occupied this building for the past five years to support the company’s logistics and regional shipping services in the Western U.S. The renewal will also facilitate the company’s growth locally. Evan McDonald of Colliers International represented OnTrac in the lease transaction. The landlord is 7077 Associates LP.
PITTSTON, PA. — Woodmont Industrial Partners has completed the disposition of an industrial building located at 1 Commerce Road in Pittston. The name of the buyer and acquisition price were not disclosed. Woodmont Industrial Partners completed an extensive capital improvement plan at the 437,446-square-foot building, which was formerly a Penguin Random House distribution center. The renovation program included additional loading docks, natural gas conversion, upgraded lighting and power. Additionally, the property features a high-bay section offering 48-foot to 54-foot clear height with racking in place, a 269-car parking lot and a rail line behind the building.
DALLAS — Cabot Properties Inc. and Stream Realty Partners have broken ground on International Logistics Center, a 646,796-square-foot industrial property situated on 40 acres on the south side of the Dallas-Fort Worth (DFW) International Airport. The development includes three buildings that can accommodate tenant sizes of 20,000 to 320,000 square feet. Peinado Construction is serving as general contractor for the project, which was designed by GSR Andrade Architects.