Industrial

Darwin Realty Arranges Sale of 215,000 SF Industrial Building in Bridgeview, Illinois

by Kristin Harlow December 21, 2016

BRIDGEVIEW, ILL. — Darwin Realty has arranged the sale of 9900 Industrial Drive in Bridgeview, about 17 miles southwest of Chicago. Welch Packaging Group Inc., a manufacturer of corrugated packaging, purchased the 215,000-square-foot building. The sales price was not disclosed. Welch will relocate from Countryside to the former crane facility to support its expanding Chicagoland operations. The facility offers heavy power, land for trailer parking and is located immediately off I-294. Welch also plans to add additional improvements to the building. Noel S. Liston and Kevin D. Cooney of Darwin Realty represented Welch in the transaction. Jeff Locascio of Transwestern represented the undisclosed seller.

December 21, 2016

Illinois Industrial Midwest

Liberty Property Trust Acquires Industrial Site Near O’Hare Airport

by Kristin Harlow December 21, 2016

BENSENVILLE, ILL. — Liberty Property Trust has acquired a five-acre industrial site in Bensenville in the O’Hare Airport metro area. Liberty plans to redevelop the site beginning in early 2017. The property is located at 350 N. York Road and includes a 60,000-square-foot building, which Liberty plans to replace with a 96,962-square-foot, high-efficiency building. Features will include 32-foot clear heights, 20 exterior docks and two drive-in doors. Shell completion of the $11.6 million project is expected to be completed in the third quarter of 2017. Matt Neumann of Liberty, along with Steve Stone and Eric Fischer of Cushman & Wakefield, will handle the leasing of the property.

December 21, 2016

Industrial Midwest Wisconsin

The Dickman Co. Arranges Sale of 12,735 SF Industrial Building in Pewaukee, Wisconsin

by Kristin Harlow December 21, 2016

PEWAUKEE, WIS. — The Dickman Co. Inc./CORFAC International has arranged the sale of a 12,735-square-foot industrial building in Pewaukee, approximately 18 miles west of Milwaukee. The building is located at 633 Cecelia Drive. The buyer, James K. Ihn, purchased the building from Mainka Properties LLC. Cale Berg, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. brokered the transaction.

December 21, 2016

Arizona Industrial Western

Construction Begins on Phase III of Park Lucero Industrial Building in Gilbert

by Nellie Day December 20, 2016

GILBERT, ARIZ. — A joint venture between Trammell Crow Co. and Artis REIT has announced the development of the third phase of Park Lucero, a 146,832-square-foot industrial building in Gilbert. The facility will be located at 280 E. Germann Road. The build-to-suit project is fully leased by Silent-Aire USA manufacturing company. This is the third of four phases at Park Lucero. Phase II, a 131,796-square-foot general industrial building, is currently under construction and scheduled for completion in January 2017. Upon full buildout, Park Lucero will consist of nearly 600,000 square feet of industrial space in six buildings. Park Lucero is planned as a Class A industrial park with a combination of buildings situated on 48 acres at the northwest corner of Mustang Drive and Germann Road. Western Alliance Bank is the project lender. Butler Design Group serves as lead architect and D.L. Withers Construction serves as general contractor. Rusty Kennedy of CBRE Phoenix represented Silent-Aire in the lease transaction. JLL’s Pat Harlan and Steve Larsen represented the landlord and handle the leasing and marketing for Park Lucero.

December 20, 2016

Industrial Massachusetts Northeast

Related Beal Acquires 286,000 SF R&D Facility in Boston’s Seaport District

by Amy Works December 20, 2016

BOSTON — Related Beal through Related Real Estate Fund II has acquired a research and development facility located at 27 Drydock Ave. in Boston’s Seaport District for an undisclosed price. The building was purchased through the assumption of an existing long-term ground lease from Zoom Group LLC. At the time of sale, the 286,000-square-foot building was 84 percent occupied by healthcare, pharmaceutical and technology companies, including Dana Farber Cancer Institute, Ginkgo Bioworks, InviCRO, Emulate Inc. and 908 Devices.

December 20, 2016

Industrial New Jersey Northeast

CBRE Facilitates 867,500 SF of Industrial Leases in New Jersey

by Amy Works December 20, 2016

WOODBRIDGE AND CARTERET, N.J. — CRBE has facilitated more than 867,500 square feet of industrial leases on behalf of Prologis in two separate transactions in New Jersey. Thomas Monahan, Stephen D’Amato, Anastasia Lazarides and Gerard Monahan of CBRE represented the Prologis, which owns both properties. In Woodbridge, DSV Global Transport and Logistics leased 507,500 square feet of industrial space at 1005 W. Middlesex Ave. The distribution facility features a 36-foot clear height, 120 dock doors, two drive-in doors and parking for 115 trailers. Doug Bansbach of Cushman & Wakefield represented the tenant in the deal. In Carteret, a prominent retailer leased 360,000 square feet of distribution space at 50 Middlesex Ave. The distribution facility features 36-foot clear height, 68 dock doors, four drive-in doors and parking for 137 cars and 138 trailers. Scott Belfer of CBRE represented the tenant in the transaction.

December 20, 2016

Industrial Northeast Pennsylvania

Markward Group Arranges Sale of 4,000 SF Industrial Property in Allentown, Pennsylvania

by Amy Works December 20, 2016

ALLENTOWN, PA. — Markward Group has brokered the sale of an industrial building located at 171 Lloyd St. in Allentown. MGC Partners, which currently occupies the building, acquired the 4,000-square-foot property for an undisclosed price. Amy Hawley of Markward Group represented the undisclosed seller and the buyer in the deal.

December 20, 2016

Illinois Industrial Midwest

NAI Hiffman Arranges Sale of 100,000 SF Industrial Property in Bensenville, Illinois

by Kristin Harlow December 20, 2016

BENSENVILLE, ILL. — NAI Hiffman has arranged the sale of 516-554 N. York Road in Bensenville within the O’Hare submarket. The 100,000-square-foot industrial complex features 16-foot clear heights and approximately 1,500 to 3,000 square feet of built-in office space and one dedicated exterior dock per unit. At the time of purchase, the building was 85 percent occupied. John Whitehead of NAI Hiffman represented the buyer, Cordoba Properties. Whitehead and Josh Will of NAI Hiffman have been retained to lease the remaining 15,000 square feet of vacant space. The seller was not disclosed.

December 20, 2016

Industrial Midwest Wisconsin

The Dickman Co. Brokers Sale of 33,000 SF Industrial Building in Milwaukee

by Kristin Harlow December 20, 2016

MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 33,000-square-foot industrial building located at 7878 N. 86th St. in Milwaukee. The sales price was not disclosed. Nick Keys of the Dickman Co. represented the buyer, 7878 North LLC. Scott Furmanski of CBRE represented the seller, 7878 Associates LLC.

December 20, 2016

California Industrial Western

Rexford Buys Industrial Facility in San Diego for $15.5M

by Nellie Day December 19, 2016

SAN DEIGO — Rexford Industrial Realty has purchased an 83,500-square-foot industrial property in San Diego for $15.5 million. The facility is located at 9190 Activity Road. It is fully leased to a credit tenant that has more than six years remaining lease term. The acquisition was funded with cash on hand.

December 19, 2016

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