Industrial

Scannell to Develop 1 MSF Industrial Park in Triangle

by John Nelson September 27, 2016

KNIGHTDALE, N.C. — Scannell Development Co. has purchased 78.8 acres of land located at 2309 Hodge Road in Knightdale for Eastgate540, a 1 million-square-foot industrial park. Phase I of Eastgate540 will be a 150,000-square-foot building with an adjacent pad-ready site for an additional 150,000-square-foot building. Scannell plans to deliver Phase I by second-quarter 2017. Upon completion, Eastgate540 will include six Class A industrial buildings featuring 32-foot clear heights, an ESFR sprinkler system, T-5 lighting and a shared 190-foot concrete truck court. Chester Allen, Barry Bowling and Carlton Midyette III of CBRE | Raleigh represented the seller, Hicks, Murphy and Myrick Families, in the land sale. Butch Miller, Ann-Stewart Patterson and Bryan Everett of CBRE | Raleigh will handle Eastgate540’s leasing responsibilities.

September 27, 2016

Industrial New York Northeast

Kalmon Dolgin, Premier Broker $3.5M Purchase of Warehouse Space in Old Bethpage, N.Y.

by Jaime Lackey September 27, 2016

OLD BETHPAGE, N.Y. — Kalmon Dolgin Affiliates Inc. (KDA) has arranged the sale of a 42,500-square-foot property at 195 Sweet Hollow Road in Old Bethpage for $3.5 million. Linda Wong of KDA, along with Jason Miller and Jeff Schwartzberg of Premier Commercial Real Estate, represented the buyer Long Guang Lin, while William Becker of Racanelli, Becker and Associates LLC represented the seller, 195 Sweet Hollow Road Corp., in the transaction. The buyer will use the warehouse space for its kitchen cabinet and marble business, New Star Kitchen. The property was formerly used by Advance Relocation Molloy Brothers Moving and Storage, which has relocated its operations to Farmingdale, N.Y. The one-story property has a 5,000-square-foot office.

September 27, 2016

Industrial Northeast Rhode Island

Sweeney Real Estate Brokers $1.8M Industrial Sale in Rhode Island

by Jaime Lackey September 26, 2016

Middletown, R.I. — Leicester Associates has sold 875 Aquidneck Ave. in Middletown to Middletown Self-Storage LLC for $1.8 million. The property is a 15,000-square-foot office and distribution center that is located along Route 138A on 1.66 acres of land. Thomas Sweeney of Sweeney Real Estate & Appraisal was the exclusive broker on this transaction.

September 26, 2016

Florida Industrial Retail Southeast

Berger Commercial Negotiates Retail, Industrial Leases in Deerfield Beach

by Katie Sloan September 26, 2016

DEERFIELD BEACH, FLA. — Berger Commercial Realty has arranged two retail and industrial leases in Deerfield Beach, roughly 40 miles outside of Miami. The leases include 10,351 square feet of industrial space to Vapor Supply LLC at Enterprise Commerce Center, located at 1901 Green Road, and 8,077 square feet of retail space to PGH International LLC at 1825 S. Powerline Road. John Forman and Keith Graves of Berger Commercial represented the landlord, Mancini & Sons Florida LLC, in both transactions.

September 26, 2016

Industrial Washington Western

Bridge Development Partners Breaks Ground on Refrigerated Facility near Seattle-Tacoma International Airport

by Nellie Day September 23, 2016

SEATTLE — Bridge Development Partners has broken ground on a 241,140-square-foot refrigerated facility near Seattle’s Sea-Tac Airport. The facility is located at 1010 S. 146 St. Western Distribution Services will operate the property, which Tippmann Innovation will build.

September 23, 2016

California Industrial Western

Ardmore Home Design Leases Industrial Space in the City of Industry

by Nellie Day September 23, 2016

CITY OF INDUSTRY, CALIF. — Ardmore Home Design has leased a 128,810-square-foot industrial facility in the City of Industry. The Class A facility is located at 768 Turnbull Canyon Road. The property provides immediate access to California State Route 60 and is minutes from Interstate 605. The space will serve as the corporate headquarters for Ardmore’s home décor business lines Made Goods and Pigeon & Poodle. Ty Newland of Cushman & Wakefield represented Ardmore in the deal.

September 23, 2016

Industrial Loans Office Texas

Cushman & Wakefield Secures Refinancing of Former Blockbuster Headquarters

by Haisten Willis September 23, 2016

MCKINNEY, TEXAS — Cushman & Wakefield has secured bridge refinancing through Synovus Bank for Texas Crossing, which previously served as Blockbuster’s corporate headquarters and national distribution center. Cushman & Wakefield’s Beth Lambert and Diego Arroyave represented the owner, Saskaway Group. The 856,897-square-foot office and industrial facility sat vacant for two years until Saskaway Group purchased it in May 2014, making it the investment group’s fifth acquisition in metro Dallas. In 18 months, ownership leased 100 percent of the 697,149-square-foot warehouse portion to national credit tenants including UPS and International Paper. With the new loan in place, ownership is now focused on leasing the adjoining 160,000-square-foot, two-story office building. The property is located 20 miles north of Dallas at 3000 N. Redbud Blvd. in McKinney.

September 23, 2016

Industrial Massachusetts Northeast

Stubblebine/CORFAC Handles 163,000 SF Lease in Massachusetts Build-to-Suit Project

by Jaime Lackey September 22, 2016

WEST BOYLSTON, MASS. — The Stubblebine Company/CORFAC International has arranged a 163,000-square-foot lease at 70 Hartwell Street West Boylston for Curtis Industries, which produces tractors and mowers, as well as recreation and work vehicles. David and James Stubblebine, Al Ringuette, and Rob Stave of The Stubblebine Company represented landlord D & S Realty LLP in the transaction and procured the tenant. The transaction included an existing 53,000-square-foot building and an addition of 110,000 square feet of 24-foot clear high bay distribution space. The expansion will be completed in July 2017.

September 22, 2016

Industrial Texas

TierPoint to Build Second Data Center in Metro Dallas

by Haisten Willis September 22, 2016

ALLEN, TEXAS — TierPoint LLC plans to build a new data center in the Dallas metropolitan area. Partnering with Compass Data Centers, TierPoint’s plans calls for 90,000 square feet of building space in Allen, with the initial phase including an investment of over $20 million and 16,000 square feet of raised floor. The facility will also include infrastructure support and office space and is expected to be operational by spring 2017. TierPoint’s made its first data center acquisition, Colo4Dallas, in 2010.

September 22, 2016

stream-industrial-portfolio-wisconsin-minnesota

Illinois Industrial Midwest

Stream Capital Completes $14.5M Sale-Leaseback of Industrial Lumberyard Portfolio

by Haisten Willis September 21, 2016

CHICAGO — Chicago-based Stream Capital Partners has executed the sale-leaseback of an industrial lumberyard portfolio. The tenant, Consolidated Lumber, is leasing back 13 properties in Wisconsin and Minnesota. The portfolio is comprised of over 300,000 square feet of building area, situated on nearly 3 million square feet of land. A REIT was the buyer. The purchase price was $14.5 million. The lease is structured as a long-term triple net lease with periodic rent increases and multiple options for renewal. Jonathan Wolfe and Jordan Shtulman of Stream Capital Partners represented the seller on the transaction.

September 21, 2016

Newer Posts

Older Posts

Upcoming Events

Aug
06