Industrial

Avison Young to Arrange Sale-Leaseback of 719,599 SF Industrial Portfolio Near Milwaukee

by Kristin Harlow January 16, 2017

MILWAUKEE — Gehl Foods has selected Avison Young to market the sale of its 719,599-square-foot industrial portfolio near Milwaukee. The portfolio consists of four buildings owned and occupied by Gehl Foods, a producer of ready-to-serve dairy products. Gehl Foods has invested more than $100 million in capital improvements and specialized equipment in the buildings. The portfolio will be sold as a 15-year, triple-net leaseback with annual lease rate escalations on the properties. Three of the buildings are located in Germantown, Wis., while one building is located in West Bend. Erik Foster and Mike Wilson of Avison Young will represent the owner.

January 16, 2017

Illinois Industrial Midwest

NAI Hiffman Brokers Sale of 74,997 SF Industrial Building in Chicago

by Kristin Harlow January 16, 2017

CHICAGO — NAI Hiffman has brokered the sale of a 74,997-square-foot industrial building located at 830 W. 40th St. in Chicago. The building features 9,150 square feet of office space, 18-foot clear heights and three interior loading docks. Chris Gary and Joe Bronson of NAI Hiffman represented the buyer, Hog Shed Ventures LLC. George Maragos, Mitch Adams and Nicole Mentone of CBRE represented the seller, VK 830 W. 40th LLC. The building will be home to Frost Lighting, a full-service event production company.

January 16, 2017

Indiana Industrial Midwest

Cushman & Wakefield Brokers Sale of 148,977 SF Industrial Portfolio in Indianapolis

by Kristin Harlow January 13, 2017

INDIANAPOLIS — Cushman & Wakefield has brokered the sale of Georgetown Commerce Park in Indianapolis. The sales price was not disclosed. The property consists of two buildings located at 7301 Georgetown Road. The property is 83 percent occupied by 19 tenants. Jeff Castell of Cushman & Wakefield represented the sellers, Mann Properties and GCP Investments. Todd Vannatta and Kevin Archer of Cushman & Wakefield will manage the leasing of 25,000 square feet of vacant space. Cushman & Wakefield will also manage both buildings, comprising 148,977 square feet. Congaree River LLC was the buyer.

January 13, 2017

Florida Industrial Southeast

Jackson-Shaw Breaks Ground on Two Industrial Properties in Jacksonville

by John Nelson January 13, 2017

JACKSONVILLE, FLA. — Jackson-Shaw has started construction on Jacksonville International Tradeport 3 and 4, two industrial assets located in Jacksonville’s Northside submarket adjacent to Jacksonville International Airport. The properties will total 178,000 square feet and are set for completion in the third quarter. Building 3 will total 124,000 square feet and feature 32-foot clear heights, 37 dock-high doors, 130-foot truck courts, one drive-in ramp, 109 parking spaces and 34 optional trailer storage spaces. Building 4 will total 54,000 square feet and feature 28-foot clear heights, 16 dock-high doors, a 130-foot truck court, 31 parking spaces and 12 optional trailer drops. Jackson-Shaw has selected Tyler Newman of Cushman & Wakefield to lease the facilities. Thackeray Partners is Jackson-Shaw’s investment partner for the project, and BB&T provided construction financing.

January 13, 2017

Industrial Texas

Core5 Industrial Partners Acquires Site in Hutchins, Texas, for 754,897 SF Industrial Facility

by Amy Works January 13, 2017

HUTCHINS, TEXAS — Core5 Industrial Partners has acquired two adjacent land sites totaling 41.5 acres at 1200 W. Wintergreen Road in Hutchins. The buyer plans to construct a speculative 754,897-square-foot distribution and warehouse facility on the site. The location provides convenient access to interstates 45, 20, 30 and 35E. John Leinbaugh and Matt Elliott of NAI Robert Lynn, along with Brent Wicker and Randy Church of Wicker & Associates, represented the buyer in the deal. The name of the seller and acquisition price were not released.

January 13, 2017

Industrial Loans Texas

Berkeley Partners Refinances Five-Property Industrial Portfolio in Metro Dallas, Houston

by Amy Works January 13, 2017

DALLAS AND HOUSTON — Berkeley Partners has refinanced its five-property industrial portfolio in the metro Dallas area and Houston totaling 440,473 square feet. Jeff Sause, Kevin Mackenzie and Adam Herrin of HFF placed the $14.1 million, five-year, fixed-rate loan with LegacyTexas Bank on behalf of Berkeley Partners. The portfolio comprises 13 buildings at five properties in Beltwood Tech Center in Farmers Branch; Center Point Business Park in Mesquite; Glenville Business Center in Richardson; and Valpointe Business Park in Carrolton; and Cypress II Building Center in Houston. The multi-tenant properties are leased to companies such as Turn Around Communications, Security Control System, Arsham Gymnastics, Texas Metals Industrials, Murray Drywall and InterFET Corp.

January 13, 2017

Industrial Office Texas

Colliers Facilitates Sale of 41,170 SF Office, Warehouse Property in Houston

by Amy Works January 13, 2017

HOUSTON — Colliers International has arranged the sale of an office and warehouse building located within Park 10 at 16337 Park Row in Houston. Plano Vistas Ltd. sold the 41,170-square-foot property to 16337 Park Row LLC for an undisclosed price. Marshall Clinkscales of Colliers International represented the seller, while Marc Drumwright of Southwest Realty Advisors represented the buyer in the deal. Tom Hamilton of Alamo Title Co. handled the closing.

January 13, 2017

Industrial Northeast Pennsylvania

Hinerfield Commercial Brokers Sale of 51,000 SF Industrial Building in Scranton, Pennsylvania

by Amy Works January 13, 2017

SCRANTON, PA. — Hinerfield Commercial Real Estate Co. has arranged the sale of an industrial building, located at 1350 Von Storch Ave. in Scranton. 1350 Von Storch Avenue LLC acquired the property for an undisclosed price. Situated on three acres, the building features 50,000 square feet of industrial space and 1,000 square feet of office space. Richard Levy of Hinerfield represented the seller, Von Storch Avenue LLC, while Steve Farrell of Classic Properties represented the buyer in the transaction.

January 13, 2017

Industrial Loans New Jersey Northeast

Hartz Mountain Industries Receives $162M in Financing for Industrial Portfolio in North New Jersey

by Amy Works January 12, 2017

NORTH NEW JERSEY — Hartz Mountain Industries has received $162 million in financing for a 13-building industrial portfolio in North New Jersey totaling 2.67 million square feet. Thomas Didio and Connor Milanaik of HFF arranged the 10-year, fixed-rate loan through Hartford Investment Management Co. for the borrower. The 98 percent-leased buildings are located in Secaucus, Whippany, East Hanover, Bayonne, Harsbrouck Heights, Harrison and North Bergen. Additionally, the portfolio includes one speculative industrial building that is currently under construction in Linden. The portfolio includes 6 percent office space.

January 12, 2017

Industrial Loans Mixed-Use New Jersey Northeast Retail

NGKF Capital Markets Sells $24M Loan Portfolio for OceanFirst Bank

by Amy Works January 12, 2017

TOMS RIVER, N.J. — NGKF Capital Markets has arranged the sale of a $24 million loan pool from the OceanFirst Bank loan portfolio. Castlelake/Midwest Capital acquired the loans, which had an average size of $500,000. The loan pool was collateralized by a variety of industrial, retail and mixed-use assets located in nine southern New Jersey countries, including Atlantic and Ocean counties. Steven Schultz, Josh Malka and Tony Georgiev of NGKF Capital Markets represented the seller.

January 12, 2017

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