Industrial

Casey Development Opens The Keep Storage at Westover Hills in San Antonio

by Haisten Willis October 24, 2016

SAN ANTONIO — Casey Development Ltd. has opened The Keep Storage at Westover Hills in San Antonio. The property is a 106,000-square-foot, Class A self-storage facility located at the northeast corner of Highway 151 and Ingram Road. The facility provides 671 storage units and 10 mini offices. The storage units vary in size from five- by five-foot lockers to 10- by 30-foot units, and73 percent are climate controlled. The Keep Storage at Westover Hills is Casey Development’s first self-storage facility. Future Keep Storage facilities in San Antonio are under development in Stone Oak, Thousand Oaks/Henderson Pass and on Vance Jackson Road outside Loop 410. Amenities include on-site management, a digital surveillance system with closed-circuit visual hallway monitoring, individual door alarms and controlled access entry.

October 24, 2016

Hillwood Acquires 717,717 SF Distribution Center in Southeast Columbus Market

by Amy Works October 21, 2016

GROVEPORT, OHIO — Hillwood has acquired Rickenbacker 717, a Class A distribution center located at 3099 Rohr Road in Groveport, south of Columbus, for an undisclosed price. Situated on 35 acres, the 717,717-square-foot building features 32-foot clear heights, a cross-dock configuration, 70 dock doors (expandable to 139), an ESFR fire protection system, 135-foot truck court depths, 50-by-60-foot column spacing, ample auto parking and 68 trailer stalls with land available for an additional 86 stalls. Additionally, the facility is in close proximity to Rickenbacker International Airport, Port Columbus International Airport, the Norfolk Southern intermodal yard and interstates 270, 70 and 71. The name of the seller was not released.

October 21, 2016

Industrial Midwest Missouri

KP Development Breaks Ground on $10M Industrial Building at Fenton Logistics Park

by Amy Works October 21, 2016

FENTON, MO. — St. Louis-based KP Development has broken ground on a $10 million speculative industrial building at the former Chrysler Assembly Plant within Fenton Logistics Park in Fenton. Situated on 12 acres, the 160,000-square-foot building will feature 16 truck docks, with expansion to 18, and be suitable for office, warehouse and multifunction use. The facility will be served by existing BNSF rail facilities and offers access to I-44 via the future Fenton Logistics Parkway. M&H Architects is serving as architect for the building, while Paric is serving as general contractor. Construction is slated for completion by late summer 2017. At build-out, Fenton Logistics Park will be a $222 million, 2.1 million-square-foot business park.

October 21, 2016

Georgia Industrial Southeast

PRP, TPG Group Sell 604,930 SF Distribution Center in Savannah for $32.9M

by John Nelson October 21, 2016

SAVANNAH, GA. — PRP LLC and Atlanta-based TPG Group have sold Interstate Center II, a 604,930-square-foot distribution facility in Savannah. An affiliate of Gramercy Capital purchased the property for $32.9 million. The property was owned in partnership between one of PRP’s comingled investment funds and TPG Group. Built in 2009 on a 54-acre parcel, the property features 32-foot clear heights and cross-dock loading. Interstate Center II was fully leased this summer to tenants including Ameriwood Industries, a subsidiary of Montreal-based Dorel Industries.

October 21, 2016

California Industrial Western

Gramercy Property Trust Acquires Industrial Project in Santa Fe Springs for $27M

by Nellie Day October 20, 2016

LOS ANGELES — Gramercy Property Trust has purchased a 208,167-square-foot industrial project in the Los Angeles submarket of Santa Fe Springs for $27 million. The facility is located at 13132 Lakeland Road, 10947 Painter and 11010 Shoemaker Ave. It is fully leased to Votaw Precision Technologies. Jeff Chiate, Jeffrey Cole, Ed Hernandez and Mike Adey of Cushman & Wakefield’s National Industrial Advisory Group represented the seller, Double Run LP, in this transaction.

October 20, 2016

Industrial Utah Western

ReaderLink Leases 500,000 SF at Business Depot Ogden

by Nellie Day October 20, 2016

OGDEN, UTAH — ReaderLink has leased a 500,000-square-foot, built-to-suit distribution space in Business Depot Ogden. The new facility will be located at 1019 W. 400 N. in Ogden. The space will be completed at the end of the second quarter in 2017. JLL’s Andy Wheeler and Wick Udy represented the hardcover, trade and paperback books distributor.

October 20, 2016

Illinois Industrial Midwest Retail

Matrix Financial Partnership Completes Sale of 38,500 SF Commercial Building in Skokie, Illinois

by Amy Works October 20, 2016

SKOKIE, ILL. — Matrix Financial Partnership has completed the sale of a 38,500-square-foot commercial property located at 3721 Chase Ave. in Skokie. R2 Companies acquired the building for an undisclosed price. The buyer plans to redevelop the building along with others in the area into a mix of retail and industrial uses. Dan Prendergast of Darwin Realty represented the seller, while Aaron Kaplan of Vandon Forbes represented the buyer in the deal.

October 20, 2016

Industrial Midwest Wisconsin

The Dickman Company/CORFAC Brokers Acquisition of 11,560 SF Industrial Property in Oak Creek, Wisconsin

by Amy Works October 20, 2016

OAK CREEK, WIS. — The Dickman Company/CORFAC International has facilitated the acquisition of an industrial building located at 9000-9100 S. Nicholson Road in Oak Creek. Revived Industries acquired the 11,560-square-foot building from Associated Bank NA for an undisclosed sum. Cale Berg of The Dickman Company represented the buyer, while Tim Dwyer of Ogden Real Estate represented the seller in the deal.

October 20, 2016

Industrial Texas

NAI Partners, Colliers Broker Sale of 17.4-Acre Land Site in Houston

by Haisten Willis October 19, 2016

HOUSTON — Carolyn Maxey, Trustee has sold a 17.4-acre undeveloped land tract at 700 Almeda Genoa Road in Houston to McKee Tessa LLC. The site is located 1.5 miles west of Highway 288 in south Houston. Michael Keegan and Clay Pritchett of NAI Partners represented the seller, Carolyn Maxey, Trustee, and Chase Spence of Colliers International represented the buyer, McKee Tessa LLC.

October 19, 2016

Industrial Midwest Minnesota

Signature Associates Arranges Two Industrial Sales Totaling 22,350 SF in Kalamazoo

by Amy Works October 19, 2016

KALAMAZOO, MICH. — Signature Associates has brokered two industrial sales totaling 22,350 square feet in Kalamazoo. In the first transaction, Hinkle Properties sold a 15,930-square-foot industrial property, located at 433 Ransom St., to WAI LLC for an undisclosed price. Jeff Chrystal of Signature Associates represented the seller in the deal. In the second transaction, Raitt Corp. sold a 6,420-square-foot industrial building, located at 3785 Franklin St., to Mikowski Holdings Co. for an undisclosed sum. Chrystal and Eric Holdorf of Signature Associates represented the seller in the transaction.

October 19, 2016

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