Industrial

Meridian Starts Construction on 421,403 SF Speculative Industrial Project in Bartlett, Illinois

by Kristin Harlow October 27, 2016

BARTLETT, ILL. — Meridian Design Build has started construction on a new 421,403-square-foot speculative industrial building for Exeter Property Group in Bartlett, a northwest suburb of Chicago. The new facility will be located on a 34-acre site within Brewster Creek Business Park. The multi-tenant building, which features a 32-foot clear height, is designed to accommodate up to four tenants, 117 loading docks, four drive-in doors, 449 auto parking stalls and 110 exterior trailer stalls. Harris Architects is providing architectural services, while V3 Cos. is completing civil engineering work.

October 27, 2016

Connecticut Industrial Northeast Office

O,R&L Commercial Arranges Sale of 28,712 SF Industrial/Office Building in East Haven, Connecticut

by Amy Works October 26, 2016

EAST HAVEN, CONN. — O,R&L Commercial has arranged the sale of the former Connecticut Food Bank building, located at 150 Bradley St. in East Haven. Mario Luciani acquired the 28,712-square-foot industrial and office property for an undisclosed price. The buyer plans to use the building as headquarters for his ServPro franchises. Frank Hird and Tim McMahon of O,R&L Commercial represented the undisclosed seller, while Natuzza Dimasi of William Raveis Real Estate represented the buyer in the transaction.

October 26, 2016

Industrial Iowa Midwest

Hubbell Begins Construction on 110,000 SF Distribution Center in Grimes, Iowa

by Katie Sloan October 26, 2016

GRIMES, IOWA — Hubbell Realty Co. has begun construction on the fourth industrial building at Grimes Distribution Center, located at 1300 SE Little Beaver Drive near Des Moines. The 110,000-square-foot facility will be identical to the three other buildings. Grimes Distribution Center 4, located minutes from I-80/35 via Iowa Highway 141, has the ability to accommodate tenant space requirements in 10,000-square-foot increments, complete with a 24-foot clear ceiling height. The building is scheduled to be ready for occupancy in June 2017. Similar to the first three buildings, Grimes Distribution Center 4 will contain eleven 10,000-square-foot bays that measure 50-by-200 feet. Each bay will feature a 9-by-10 foot dock, and four of the bays will have 16-foot drive-in doors. The building will be fitted with an early suppression fast response (ESFR) fire sprinkler system; a 480-volt, three-phase 2,500 amp electric service; and T-8 fluorescent lighting.

October 26, 2016

Industrial Michigan Midwest

Colliers Arranges 77,500 SF Industrial Lease in Romulus, Michigan

by Katie Sloan October 26, 2016

ROMULUS, MICH. — Colliers International has arranged a 77,500-square-foot industrial lease for third-party logistics provider DB Schenker in Romulus, a western suburb of Detroit. The facility, located at 27501 Hildebrandt St., will serve as a logistics and distribution center for the company. The building was previously home to Nippon Express USA for its logistic services. Christian Hill and Jim Roberts of Colliers represented the landlord, Airport Industry Center LLC, in the transaction.

October 26, 2016

Illinois Industrial Midwest

DFS Signs 62,598 SF Lease at Industrial Complex in Lockport, Illinois

by Katie Sloan October 26, 2016

LOCKPORT, ILL. — DFS Inc., a food and grains supplier, has signed a 62,598-square-foot lease at 355 Corporate Center building No. 2 in Lockport, Ill., about 35 miles southwest of Chicago. The new lease puts Panattoni Development Company’s 228,690-square-foot speculative building at 100 percent occupancy and marks the completion of Phase I, which consisted of two light industrial buildings. UPS leased the first building in its entirety immediately upon completion, and Illinois Industrial Tool took 166,092 square feet in the second building in August. Panattoni recently broke ground on Phase II of the project, a 300,158-square-foot building scheduled for completion in spring 2017. Mark Barbato and Adam Stokes of Nicolson, Porter & List represented Panattoni in the lease transaction with DFS.

October 26, 2016

California Industrial Western

Principal Real Estate Investors Acquires March Business Center in Moreno Valley for $93M

by Nellie Day October 26, 2016

MORENO VALLEY, CALIF. — Principal Real Estate Investors has purchased March Business Center, a 1.3-million-square-foot industrial portfolio in Moreno Valley, for $93 million. The portfolio includes a recently developed 1.1-million-square-foot industrial distribution facility at 24101 Iris Ave. that is leased to Floor and Décor. The portfolio also includes a newly constructed 277,243-square-foot industrial distribution building at 16415 Cosmos Ave. that is currently available for lease. Both buildings provide easy access to Interstate 215 and neighbor many major industrial corporate users. Chuck Belden, Kyle Kehner and Tim Pimentel of Cushman & Wakefield’s Inland Empire office represented the seller, a joint venture between Penwood Real Estate Capital Management and Western Realco. The team also represented Principal Real Estate Investors in the subsequent lease transaction. CBRE’s Tres Reid and Jay Dick represented Floor and Décor.

October 26, 2016

California Industrial Western

Distribution and Marking Services Inc. Leases 350,000 SF at Wonderful Industrial Park Near Bakersfield

by Nellie Day October 26, 2016

SHAFTER, CALIF. — Distribution and Marking Services Inc. has leased 350,000 square feet of industrial space at Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in Shafter. The park is located at 5000 Capital Road, just north of Bakersfield. The outsourced supply chain management solutions provider will use this facility to provide warehouse and distribution services. JLL’s Mike McCrary, Peter McWilliams, Mac Hewett and Nicole Welch represented the landlord, Wonderful Real Estate, in this transaction.

October 26, 2016

Industrial Michigan Midwest

Colliers Arranges 35,000 SF Industrial Lease in Auburn Hills, Michigan

by Kristin Harlow October 25, 2016

AUBURN HILLS, MICH. — Colliers International has arranged a 35,000-square-foot industrial lease for Faurecia Interior Systems in Auburn Hills, about 33 miles north of Detroit. The manufacturing facility, located at 2325 Featherstone Road, will serve as a “pilot plant” for Faurecia, a Tier 1 automotive supplier whose North American headquarters is nearby. The property was previously occupied by Martinrea International Inc. as a warehouse for the manufacturing of automotive parts. Broker Michael Bennett of Colliers represented the tenant in the transaction.

October 25, 2016

Industrial Massachusetts Northeast

Sentry Commercial Arranges 127,091 SF Warehouse Lease in West Springfield, Massachusetts

by Amy Works October 25, 2016

WEST SPRINGFIELD, MASS. — Sentry Commercial has brokered the lease of an industrial facility located at 26 Sears Way in West Springfield. Global décor printing and impregnator company Suddekor LLC leased the 127,091-square-foot warehouse facility from Remeche LLC. Sentry Commercial represented the tenant, while the landlord was represented self-represented in the deal.

October 25, 2016

Illinois Industrial Midwest

Brown Commercial Brokers 56,269 SF Company Headquarters Lease in Bloomingdale, Illinois

by Amy Works October 24, 2016

BLOOMINGDALE, ILL. — Brown Commercial Group represented Korpack in the lease of a 56,269-square-foot of industrial space at 290 Madsen Drive, Suite 101, in Bloomingdale. Korpack is a single-source supplier of standard and custom packaging, as well as packaging machinery and automation solutions. Additionally, the company subleased its original 18,252-square-foot headquarters at 1232 Hardt Circle in Bartlett, Ill., to an undisclosed subtenant. Dan Brown and Jim Peitrarosso of Elk Grove Village, Ill.-based Brown Commercial represented Korpack in the lease and sublease, respectively. Al Caruana of Cushman & Wakefield and Aaron Rosdal of Prologis represented the landlord, ProLogis, in the new headquarters lease.

October 24, 2016

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