Industrial

COLUMBUS, OHIO — CBRE has brokered the sale of Mars Petcare warehouse and distribution facility in Columbus. The sales price was not disclosed. The 465,256-square-foot freezer warehouse is located at 5303 Fisher Road. Mars Petcare US, a subsidiary of Mars Inc., occupies the property with a long-term lease. The property is located immediately adjacent to Mars Petcare’s largest pet food production plant. The property underwent extensive renovations this year to install freezer-cooler equipment. Andrew Sandquist, JC Asensio and Briggs Goldberg represented the sellers, Singerman Real Estate and Green Door Capital. Chicago-based Syndicated Equities and Green Door Capital purchased the property.

FacebookTwitterLinkedinEmail

BROOKFIELD, WIS. — The Dickman Co. Inc./CORFAC International has negotiated the sale of an 8,500-square-foot industrial building in Brookfield. The sales price was not disclosed. The property is located at 21825 Doral Road. Cale Berg of the Dickman Co. represented the buyer, McCarthy Property Management LLC. Stephen Provancher of MLG Commercial represented the seller, Millicent F. Hawley.

FacebookTwitterLinkedinEmail
580-Chelsea-St-Boston

BOSTON — Valencia Realty Capital has arranged $6.5 million in refinancing for a two-story, mixed-use building located at 580 Chelsea St. in Boston’s East Boston neighborhood. The 90,000-square-foot property features clear heights as high as 30 feet and is the closest warehouse and office facility to Boston Logan International Airport’s tarmac. Boston-based Valencia Realty secured the financing, which features a 30-year amortization schedule, for the undisclosed borrower.

FacebookTwitterLinkedinEmail

HILLSBORO, TEXAS — Gate Precast Co., a Florida-based producer of architectural concrete, will add a 45,000-square-foot manufacturing plant to its existing facility in Hillsboro, approximately midway between Fort Worth and Waco. The addition of the new property, which will be situated on 25 acres near Spur 579 and Industrial Loop, is expected to create 40 new jobs. Construction is slated to begin in January.  

FacebookTwitterLinkedinEmail

CHICAGO — In partnership with Chicago Neighborhood Initiatives (CNI), Ryan Cos. Inc. has unveiled plans to develop Pullman Crossings, a 50-acre industrial park in Chicago’s Pullman neighborhood. The development will support as many as 1,000 jobs and generate more than $100 million of investment, according to Ryan. The new business park, located at the intersection of I-94 and 103rd Street, will accommodate multiple industrial facilities totaling up to 1.2 million square feet. Ryan is constructing a 140,000-square-foot Whole Foods Market distribution center, slated for completion in January 2018, at the south end of the park. Pullman Crossings is part of Pullman Park, a 180-acre, mixed-use development being master developed by CNI. Walmart, Ross Dress for Less, Planet Fitness and Advocate Health Care anchor the property. Todd Heine and Brendan Kelly of Avison Young are marketing Pullman Crossings for lease. U.S. Bank owns the land site.

FacebookTwitterLinkedinEmail

DELTA TOWNSHIP, MICH. — Bernard Financial Group has arranged a $42 million loan for the refinancing of a 1.7 million-square-foot industrial facility in Delta Township, located just west of Lansing. Multiple tenants occupy the building. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the loan. Barings Real Estate Advisors provided the loan for the borrower, Ashley Delta LLC.

FacebookTwitterLinkedinEmail

CARLSTADT, N.J. — Terreno Realty Corp. has acquired three adjacent industrial properties in Carlstadt for $13.5 million. Situated on 7.8 acres, the properties consist of two transshipment facilities totaling 43,400 square feet with 77 dock-high and 10 grade-level loading positions. The acquisition included one improved land parcel comprising 1.1 acres at 50 and 100 Kero Road. The properties are 100 percent leased to three tenants, two of which are on a short-term basis. The name of the seller was not released.

FacebookTwitterLinkedinEmail

DALLAS — TIG Real Estate Services Inc. has negotiated the sale of a 31,050-square-foot flex/warehouse property located at 11401-11431 Plano Road in Dallas. Matthew Hicket and Kristin Grammar of TIG represented the undisclosed seller in the transaction and have retained leasing duties for the property. Other terms of sale were not released.  

FacebookTwitterLinkedinEmail

NORTHLAKE, ILL. — Frozen Assets Cold Storage has signed a 132,000-square-foot industrial lease at Bridge Point Northlake, located about 20 miles west of Chicago. Located at 555 Northwest Ave., the 256,752-square-foot cold storage facility features clear heights of 32 to 40 feet, 104 dock positions and 91 trailer stalls. Headquartered in Chicago, Frozen Assets Cold Storage provides cold storage, freezing, blast freezing, exporting, labeling and cross-docking services. Jason Lev and John Suerth of CBRE represented the landlord, Bridge Development, in the lease transaction. Steve Livaditis, also of CBRE, represented the tenant.

FacebookTwitterLinkedinEmail

NORTH MIAMI BEACH, FLA. — US Storage Centers has delivered a five-story, 931-unit self-storage facility located at 15555 W. Dixie Highway in North Miami Beach. The company acquired the property in 2015 for $1.4 million and subsequently began construction on the 122,605-square-foot building. The new facility features drive-up access, climate control, passenger elevators, video monitoring, electronic gate access, boxes and moving supplies, moving carts and alarm units. US Storage Centers owns and operates six facilities in the Miami area and is currently developing two additional facilities, which are slated for completion in the fourth quarter.

FacebookTwitterLinkedinEmail