Industrial

Commerce Farms Business Center Lebanon

LEBANON, TENN. — HSA Commercial Real Estate has partnered with Boston-based Great Point Investors LLC to co-develop a 652,000-square-foot speculative industrial building at Commerce Farms Business Center in Lebanon, a suburb of Nashville. Situated on 41 acres at the junction of State Route 840 and Highway 109, the distribution center will feature 32-foot clear heights, 116 truck docks, two drive-in doors and parking for 84 trailers and 257 cars. The partnership is scheduled to break ground on the facility later this month, with delivery planned in the first quarter of 2017. HSA Commercial and Great Point Investors have retained NorthStar Real Estate Advisors to oversee the marketing and leasing of the distribution center. The design team includes Chicago-based general contractor Premier Design + Build and architect Harris Architects Inc. HSA Commercial previously partnered with Great Point Investors to build a 220,000-square-foot distribution center near Indianapolis and a 218,500-square-foot spec industrial facility in north suburban Chicago.

FacebookTwitterLinkedinEmail
201-Neelytown-Road-Montgomery-NY

MONTGOMERY, N.Y. — SunCap Property Group is developing an industrial build-to-suit facility on 44.1 acres at 201 Neelytown Road in Montgomery. The developer has selected Meridian Design Build to design and construct the 248,370-square-foot property, which will serve as a package sorting and distribution center for a leading provider of global shipping and information services. The facility will feature 63 loading docks, seven drive-in doors, 184 interior van loading positions, 452 auto parking stalls and 190 exterior trailer stalls. Additionally, the freestanding gateway building will be constructed to provide a secure entry point into the site. Cornerstone Architects is serving as architect, while Langan is providing civil engineering services for the project.

FacebookTwitterLinkedinEmail

STAFFORD, TEXAS — NAI Partners has represented Quest in a 70,000-square-foot build-to-suit industrial lease at the southwest corner of Stafford Road and Stafford Boulevard in Stafford. Jon Silberman, John Simons and Holden Rushing of NAI Partners represented Quest during the negotiations, while Joe Moody represented the landlord, Black Flag Properties LLC.

FacebookTwitterLinkedinEmail

PHOENIX — Exeter Property Group has purchased a three-property industrial portfolio in metro Phoenix for $66 million. The portfolio contains a total of 937,655 square feet. The acquisition includes the 603,909-square-foot Riverside Business Center; the 250,157-square-foot Estrella Buckeye distribution center; and the 83,589-square-foot 2021 S. 51st Ave. truck terminal facility. The portfolio is leased to six tenants. JLL’s Bo Mills and Mark Detmer represented the seller, Duke Realty Corp., in this transaction.

FacebookTwitterLinkedinEmail
Husqvarna Consumer Outdoor Products Orangeburg

ORANGEBURG, S.C. — Beacon Partners has broken ground on a new 513,000-square-foot distribution center in Orangeburg. The project is a build-to-suit facility for Husqvarna Consumer Outdoor Products, a subsidiary of the Swedish manufacturer of outdoor power products. Husqvarna has signed a long-term lease at the property, which will be situated adjacent to the company’s existing 1 million-square-foot manufacturing facility. Beacon Partners expects to deliver the property in the fourth quarter of this year. The project team includes general contractor InterCon Building Corp., architect Merriman Schmitt and civil engineer Alliance Consulting & Engineers.

FacebookTwitterLinkedinEmail

WARREN, MICH. — Colliers International has brokered the sale of an 18,820-square-foot industrial building in Warren, approximately 20 miles north of Detroit, for an undisclosed price. Z & Z Properties LLC sold the property, located at 6795 E. 9 Mile Road, to Holman Holdings 2 LLC. Brent Beshears of Colliers represented the seller in the transaction.

FacebookTwitterLinkedinEmail
925-Julia-St-Elizabeth-NJ-1

ELIZABETH, N.J. — Elberon Development Group, along with joint venture partner The Avidan Group, has broken ground on a warehouse/distribution facility within Elizabeth Logistics Center in Elizabeth. Located at 925 Julia St., the 90,000-square-foot building will be divisible to two units of 45,000 square feet and feature 36-foot clear ceiling heights, up to 24 docks, T5 lightning and parking for up to 80 trailers. The facility is slated for completion in September.

FacebookTwitterLinkedinEmail
EMD-Serono-Billerica-MA

BILLERICA, MASS. — EMD Serono, the biopharmaceutical business of Merck KGaA, has selected JLL Construction for its $12 million expansion project in Billerica. The new 30,000-square-foot building will expand the existing research and development complex. Additionally, the facility will accommodate 120 new and current employees who will focus on accelerating innovation in R&D, particularly on oncology, immune-oncology and immunology. JLL Construction broke ground for the project in early May and construction is slated to begin in late spring 2016.

FacebookTwitterLinkedinEmail
wesco-aircraft-holdings-northlake-texas

NORTHLAKE, TEXAS — E Smith Realty Partners has secured 309,357 square feet of industrial space for Wesco Aircraft Holdings in Northlake. Wesco Aircraft is a distributor and provider of supply chain management services to the aerospace industry. The new industrial warehouse should be complete in the third quarter. Brad Struck and Jim Hazard of E Smith Realty represented the tenant in the lease negotiations.

FacebookTwitterLinkedinEmail

KATY, TEXAS — NAI Partners has represented Jet Line in a 30,375-square-foot lease in a newly constructed multi-tenant industrial building located at 21401 Park Row Drive in Katy. John Ferruzzo and Nick Peterson of NAI Partners represented the tenant, Jet Line, in the lease negotiations, while Darryl Noon of Transwestern represented the landlord, MCA Mason Creek Owner LLC.

FacebookTwitterLinkedinEmail