Industrial

Siemens Breaks Ground on 300,000 SF Manufacturing Facility Expansion Near Boston

by Amy Works June 30, 2017

WALPOLE, MASS. — Siemens has broken ground on a 300,000-square-foot expansion and renovation at Siemens Healthineers, a manufacturing and R&D facility in Walpole, about 27 miles southwest of Boston. Over the next four years Siemens plans to invest $300 million in the facility, which was built in 1979 and last renovated and expanded in 2007. The project scope will include manufacturing, warehouse, office and laboratory space. The expansion will generate 700 new high-tech, permanent jobs, bringing the total employment at the site to between 1,300 to 1,600 by 2026.

June 30, 2017

Industrial Midwest Nebraska

Hy-Vee Inc. Signs 115,560 SF Industrial Lease in Omaha, Nebraska

by Kristin Harlow June 30, 2017

OMAHA, NEB. — Hy-Vee Inc. has signed a 115,560-square-foot industrial lease in Omaha. The 185,000-square-foot building, located at 11651 S. 154th St., is now fully leased. Other tenants include Blackhawk Industrial Distribution Inc. and Tire Operations LLC. Hy-Vee will use the space as a warehouse as well as a central kitchen to supply its fresh food items to surrounding stores. The company maintains over 240 stores throughout the Midwest. Michael W. Miller, Colm Breathnach and Andy Ash of Colliers International represented the Landlord, DAMMM1 LLC.

June 30, 2017

Arizona Industrial Loans Western

Newmark Secures $151M in Financing for 30-Property Industrial Portfolio in Arizona

by Nellie Day June 29, 2017

PHOENIX — Newmark has secured $151 million in financing for a 30-property industrial portfolio in Arizona. The portfolio contains more than 4 million square feet of space occupied by more than 1,000 tenants. The 15-year non-recourse loan features a rate below 4 percent. The portfolio is a mix of light industrial / manufacturing buildings with small to medium bay depths. The properties are located in Phoenix, Tempe, Mesa, Chandler, Gilbert, Glendale, Goodyear, Surprise and Peoria. Voya provided the permanent financing.

June 29, 2017

Industrial Office Texas

3M to Sell 156-Acre Flex Campus in Austin to World Class Capital

by Taylor Williams June 29, 2017

AUSTIN, TEXAS — Minnesota-based 3M, which manufactures more than 55,000 material goods, will sell its 156-acre flex campus located at 6801 River Place Blvd. in Austin to World Class Capital Group, a private investment firm headquartered in the state capital, for an undisclosed price. The deal is expected to close during the fourth quarter. 3M is investing in a new 272,000-square-foot facility within the Class A Parmer development on the city’s north side, which currently houses the likes of Apple, General Motors, Dell and Samsung, among others. Construction of the new facility is scheduled to begin later this year, with move-ins slated for April 2019.

June 29, 2017

Industrial Texas

NAI Negotiates 20,000 SF in Industrial Lease Renewals in Katy

by Taylor Williams June 29, 2017

KATY, TEXAS — NAI Partners has negotiated a pair of industrial lease renewals totaling 20,000 square feet at Westgreen Business Center in Katy. Ignition Systems and Controls Inc. renewed its 8,750-square-foot lease at the property, which is located on Vanderwilt Lane, and Ogburn Trucking renewed its 11,250-square-foot lease. Shaffer Braun of NAI Partners represented the landlord, Westgreen Business Center Ltd., in both lease negotiations.

June 29, 2017

Industrial Massachusetts Northeast

Transwestern Consulting Group Negotiates $6.4M Sale of Industrial Building in Franklin, Massachusetts

by Amy Works June 29, 2017

FRANKLIN, MASS. — Transwestern Consulting Group (TCG) has arranged the sale of an industrial building located at 130 Constitution Blvd. in Franklin. Novaya Real Estate Ventures sold the property to Albert Milstein, Barry Kirschenbaum and Sanford Bokor of $6.4 million. The property features 59,970 square feet of industrial space. John Lashar, Chris Skeffington and Roy Sandeman of TCG represented the seller and assisted in sourcing the buyer in deal.

June 29, 2017

Industrial South Carolina Southeast

Samsung to Open $380M Home Appliance Manufacturing Plant in South Carolina

by Camren Skelton June 29, 2017

NEWBERRY, S.C. — Samsung plans to open a $380 million home appliance manufacturing plant in Newberry, roughly halfway between Greenville and Columbia, S.C. The project is expected to produce 954 jobs, including craftsmen, operators, engineers and other technical and non-technical positions, by 2020. Samsung already operates a call center in Greenville that supports 800 full time and contracted jobs. The Newberry plant is the latest in a series of investments over the past 18 months totaling $10 billion that will expand Samsung’s U.S. holdings and operations.

June 29, 2017

Illinois Industrial Midwest

Conor Commercial Completes Development of 145,200 SF Industrial Building in Woodridge, Illinois

by Kristin Harlow June 29, 2017

WOODRIDGE, ILL. — Conor Commercial Real Estate has completed development of a 145,200-square-foot industrial building in Woodridge, a suburb of Chicago. The building, located in the Union Pointe industrial business park, was developed as a build-to-suit for AMS Mechanical Systems Inc. (AMS). The new corporate headquarters features a 31,000-square-foot, two-story office component with a lobby, conference rooms and an employee break room. The remainder of the building supports the firm’s warehouse and manufacturing requirements with 32-foot clear heights, five dock doors, seven drive-in doors and an ESFR sprinkler system. AMS is a full-service mechanical contracting firm serving the chemical, food, process, manufacturing and power industries. McShane Construction Co. and Ware Malcomb served as the design/build construction team for the project. Chris Gary of NAI Hiffman represented AMS in the pre-sale agreement. Brian Carroll and Jim Cummings of Newmark Knight Frank represented Conor Commercial.

June 29, 2017

California Industrial Western

Newell Brands Leases 195,508 SF at Southern California Logistics Airport in Victorville

by Nellie Day June 28, 2017

VICTORVILLE, CALIF. — Newell Brands has signed a three-year lease for 195,508 square feet of industrial space at Southern California Logistics Airport in Victorville. The space is situated in the 370,023-square-foot Distribution Centre 18. SCLA is an 8,500-acre multimodal freight transportation hub that includes a 2,500-acre commercial and industrial complex entitled for 60 million square feet of development. The facility was completed on June 22. The new lease brings DC 18 to full occupancy. Plastipak Packaging will occupy the remainder of the building. CBRE’s Ryan Athens represented Newell Brands. The same firm’s Jay Dick represented the landlord, Stirling Development, in this transaction.

June 28, 2017

Industrial Texas

McCord Development Leases 143,500 SF Within Generation Park in Houston

by Taylor Williams June 28, 2017

HOUSTON — McCord Development has leased 143,500 square feet within the 4,000-acre Generation Park in Houston to energy equipment producer GHX Industrial LLC. The company will serve as the anchor tenant of Lockwood Business Park, a 25-acre development within Generation Park. The facility will feature 121,000 square feet of warehouse and shop space and 22,500 square feet of office space. GHX Industrial expects to occupy the facility by the end of the year.

June 28, 2017

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