Industrial

Ackerman Executes 1 MSF Lease with Uline at Braselton Logistics Center Near Atlanta

by John Nelson June 13, 2017

BRASELTON, GA. — Ackerman & Co. has fully preleased Braselton Logistics Center, a 1 million-square-foot distribution facility in Braselton, roughly 50 miles northeast of Atlanta. Uline, a shipping and packaging supply distributor, has signed a 10-year lease to occupy the entire facility, which will serve as the company’s Southeast U.S. logistics hub. Ackerman & Co. owns Braselton Logistics Center in a joint venture with The Yates Group and JAC Real Estate Investments LLC. Brett Buckner of Ackerman, Todd Yates of the Yates Group and Julian Brown of Transwestern represented the landlord in the lease transaction. Dave Desper and Blaine Kelley of CBRE represented Uline, which will consolidate its nearly 600,000 square feet of operations in nearby Gwinnett County to the new facility. The cross-dock facility will feature 40-foot clear heights, a Ductilcrete warehouse floor slab, white TPO roof with skylights, LED lighting and parking space for 521 trailers and 639 cars. The facility’s office space will also be customized to Uline’s specifications. The ownership plans to deliver the distribution center by the end of the year, and Uline is scheduled to occupy the facility in the first quarter of 2018.

June 13, 2017

Indiana Industrial Midwest

Rj BOLL Negotiates 120,200 SF Industrial Lease in Indianapolis

by Kristin Harlow June 13, 2017

INDIANAPOLIS — Rj BOLL Realty has negotiated a 120,200-square-foot industrial lease at The Logan Building in Indianapolis. Commercial Works Inc. has leased the entire building, located at 5150 Decatur Blvd. Ray C. Boll and Jeffrey A. Boll of Rj BOLL represented Commercial Works in the lease transaction. Brian Buschuk and Brian Seitz of JLL represented the landlord, Meritex Logan LLC. Rj BOLL and JLL also arranged the sale of Commercial Works’ previous location at 255 S. Post Road in Indianapolis. Jenson Industries purchased the 55,043-square-foot building for $1.9 million.

June 13, 2017

Industrial Kansas Midwest

Copaken Brooks Arranges $4M Sale of Industrial Flex Building in Lenexa, Kansas

by Kristin Harlow June 13, 2017

LENEXA, KAN. — Copaken Brooks has arranged the sale of a 37,585-square-foot industrial flex building in Lenexa for $4 million. The property is located at 10749 West 84th Terrace in the Pine Ridge Business Park. The building was renovated to a half-office and half-warehouse layout in 2005. John D. Coe of Copaken Brooks arranged the sale on behalf of the seller, Peavey Properties. Easterly Government Properties Inc. purchased the building.

June 13, 2017

Industrial Midwest Wisconsin

Aquarius Technologies Signs 21,740 SF Industrial Lease in Saukville, Wisconsin

by Kristin Harlow June 13, 2017

SAUKVILLE, WIS. — Aquarius Technologies has signed a 21,740-square-foot industrial lease in Saukville, about 25 miles north of Milwaukee. The wastewater treatment solution company will occupy the property located at 420 Technology Way. Nick Keys of the Dickman Co. Inc. represented the tenant, while Stephen Provancher and Brett Garceau of NAI MLG Commercial represented the landlord, Technology Way LLP.

June 13, 2017

California Industrial Western

Goldman Sachs Buys 161,610 SF Distribution Building in Los Angeles

by Nellie Day June 12, 2017

LOS ANGELES — Goldman Sachs Asset Management (GSAM) Private Real Estate has purchased a 161,610-square-foot distribution center in the Mid Counties submarket of Los Angeles for an undisclosed sum. The Class A facility is located at 12252 Whittier Blvd. The property is fully leased to one tenant. John Repstad and Mark Repstad of Realty Advisory Group represented both the buyer and seller, Terreno Realty Corp., in this transaction.

June 12, 2017

Colorado Industrial Western

Inline Distributing Co. Buys Facility at Crossroads Commerce Park Building in Denver

by Nellie Day June 12, 2017

DENVER — Inline Distributing Co. has purchased its new 69,550-square-foot industrial facility at Crossroads Commerce Park in Denver. The building is situated along 52nd Avenue just west of Washington Street in unincorporated Adams County. Construction on the facility commenced last fall. It was completed in early June. Murray & Stafford was the general contractor, while Ware Malcomb acted as architect. JLL’s Nick Steitz represented the construction products supplier, while NKF’s Mike Wafer, Tim D’Angelo and Mike Wafer Jr. represented the seller, Trammell Crow Co., in this transaction.

June 12, 2017

Industrial Texas

Bellomy Arranges Sale of 447-Unit Self-Storage Facility in Austin

by Taylor Williams June 12, 2017

AUSTIN, TEXAS — Bellomy & Co. has arranged the sale of South Congress Storage, a 447-unit self-storage facility in Austin. Situated on 6.5 acres at 8008 S. Congress Ave., the 10-building facility spans 39,410 square feet of net rentable space. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the undisclosed seller and procured the buyer, Devon Self Storage. Both parties involved in the transaction are based in California.

June 12, 2017

Industrial Office Texas

MenMar Acquires 21,000 SF Flex Property in Houston

by Taylor Williams June 12, 2017

HOUSTON — MenMar Properties LLC has acquired a 21,000-square-foot building with office and warehouse space located at 4202 Telephone Road in Houston. The property will be leased to Fiesta Beverage Mart for retail and storage purposes. Barrett Von Blon of Davis Commercial represented the seller, City Office Supply Inc., in the transaction.

June 12, 2017

Illinois Industrial Midwest

Missner Group Acquires 121,000 SF Industrial Property in Buffalo Grove, Illinois

by Kristin Harlow June 12, 2017

BUFFALO GROVE, ILL. — The Missner Group has acquired a 121,000-square-foot industrial property in Buffalo Grove. The purchase price was not disclosed. The property is located at 900-950 Busch Parkway within the Corporate Grove Business Park. Originally built in 1985 as a 50,000-square-foot corporate headquarters property, 900-950 Busch Parkway is situated on 8.8 acres and was expanded by 71,000 square feet in 1999. Today, the building is primarily occupied by two tenants, Rockin’ Jump Indoor Trampoline Park and The Pillow Factory. A 6,000-square-foot executive office suites area, located on the second floor of the building, is fully leased to three office tenants. The property features 26-foot clear heights, five truck docks and two drive-in doors. Barry Missner and Ed Adler of The Missner Group led the acquisition on behalf of the company. Brett Kroner of Cushman & Wakefield represented the seller. Developed by Van Vlissingen and Co., Corporate Grove Business Park is a 200-acre business park consisting of over three million square feet of office and industrial space.

June 12, 2017

Industrial Northeast Pennsylvania

Cushman & Wakefield Arranges Sale of 270,168 SF Industrial Park in Central Pennsylvania

by Amy Works June 12, 2017

LEWISBERRY, PA. — Cushman & Wakefield has brokered the sale of Fairview Industrial Park, a six-building industrial park located in Lewisberry. Richmond, Va.-based Allegiancy sold the 270,168-square-foot park to Louisville, Colo.-based Real Capital Partners for $11.7 million. The buildings are located at 509, 515 and 540 Industrial Drive and 621, 629 and 631 Distribution Plaza. Gerry Blinebury, Robert Yoshimura, Joseph Hill Jr. and Pat McBride of Cushman & Wakefield represented the seller in the deal.

June 12, 2017

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