Industrial

Colliers Completes $9M Sale and Financing of Office/Flex Portfolio in Waltham, Massachusetts

by Amy Works January 19, 2017

WALTHAM, MASS. — Colliers International Boston has arranged the $9 million sale of a two-building office and flex portfolio on behalf of Schernecker Property Services. Boston-based btcRE acquired the portfolio, which includes a 40,000-square-foot office and warehouse building at 179 Bear Hill Road and an 18,000-square-foot flex building at 283 Second Ave. in Waltham. MSPCA, a local non-profit that protects animals, fully occupies the property on Second Avenue. Doug Jacoby, Scott Dragos, Tony Hayes, Tim Mulhall and Dan Hines of Colliers represented the seller in the transaction. Additionally, Tom Welsh, Adam Coppola and John Poole, also of Colliers, arranged $9 million in acquisition and bridge financing for a Massachusetts-based loan fund on behalf of the buyer.

January 19, 2017

Industrial Midwest Wisconsin

Altapure Signs 3,300 SF Industrial Lease in Mequon, Wisconsin

by Kristin Harlow January 19, 2017

MEQUON, WIS. — Altapure has signed a 3,300-square-foot industrial lease in Mequon, about 20 miles northwest of Milwaukee. Altapure will occupy Suite K in the 30,300-square-foot building located at 6040 W. Executive Drive. Based in South Bend, Ind., Altapure manufactures disinfection products. Steve Sewart of Colliers International represented the tenant in the transaction.

January 19, 2017

Industrial Nevada Western

Marnell Properties to Expand Marnell Airport Center in Las Vegas

by Nellie Day January 18, 2017

LAS VEGAS — Marnell Properties has announced plans to expand Marnell Airport Center at McCarran International Airport in Las Vegas. The expansion will include two buildings totaling more than 133,000 square feet of new light office and industrial space within the master-planned airport development and Foreign Trade Zone. The new buildings will be located off Spencer Street and Russell Road. The expansion is scheduled for completion in the third quarter of 2017. At that time, Marnell Airport Center will span across 14 acres, with two industrial buildings totaling 133,000 square feet, an 80,000-square-foot office building and an additional 6,300-square-foot building.

January 18, 2017

Industrial Texas

NAI Partners Arranges 10,800 SF Industrial Lease in Houston

by Amy Works January 18, 2017

HOUSTON — NAI Partners has arranged the lease of a 10,800-square-foot distribution and wholesale facility located at 4555 Airline Drive in Houston. Quality Reel Solutions, a manufacturer and wholesale provider of nailed wood reels, plywood reels and custom manufactured industrial lumber, will occupy the facility. Jake Wilkinson of NAI Partners represented the tenant, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire & Maine Insurance, in the deal.

January 18, 2017

Industrial Midwest Wisconsin

Like Minds Brewing Signs 3,800 SF Industrial Lease in Germantown, Wisconsin

by Kristin Harlow January 18, 2017

GERMANTOWN, WIS. — Like Minds Brewing LLC has signed a 3,800-square-foot industrial lease in Germantown, about 23 miles northwest of Milwaukee. The 50,000-square-foot building is located on Maple Avenue. Jim Young of The Barry Co. represented the landlord, West Florist Avenue LLC. TJ Huenerbein of the Dickman Co. Inc. represented the tenant. Like Minds Brewing operates locations in Chicago and Milwaukee.

January 18, 2017

Industrial Maryland Southeast

Amazon to Open 1.2 MSF Fulfillment Center in Maryland

by John Nelson January 18, 2017

NORTH EAST, MD. — Amazon plans to open a new 1.2 million-square-foot fulfillment center in North East, a town in northeast Maryland near the Delaware border. The e-commerce giant currently employs more than 3,000 associates at its fulfillment and sortation centers in Baltimore and plans to create 700 new positions at its new facility, the company’s third fulfillment center in Maryland. Situated within Principo Commerce Center I, the Amazon facility is a joint venture development between Trammell Crow Co. and Diamond Realty Investments. The joint venture broke ground on the project last May and plans to open the Amazon facility in the second quarter of this year.

January 18, 2017

Arkansas Industrial Southeast

Binswanger Brokers Sale of 268,514 SF Warehouse Property in Arkansas

by John Nelson January 17, 2017

ROGERS, ARK. — Binswanger has brokered the sale of a single-story, 268,514-square-foot manufacturing and warehouse facility located on 20 acres at 1301 N. Dixieland Road in Rogers. Superior Industries International Inc. sold the asset for an undisclosed price. Built in 1989 about 14 miles from Northwest Arkansas Regional Airport, the property features office space, four dock-high doors with seals, four covered dock doors, a 335-space parking lot, maintenance work space, a tool shop, sprinkler system and clear heights ranging from 23 to 30 feet. Holmes Davis of Binswanger’s Dallas office represented the seller, and Marshall Saviers of Sage Partners represented the undisclosed buyer in the transaction.

January 17, 2017

California Industrial Western

Crow Holdings Industrial Buys 120,000 SF Industrial Facility in Long Beach

by Nellie Day January 17, 2017

LONG BEACH, CALIF. — Crow Holdings Industrial has purchased a 120,000-square-foot industrial building in the Long Beach submarket of Rancho Dominguez. The purchase price was not disclosed. The facility is located at 3025 E. Victoria St., approximately seven miles from the ports of Long Beach and Los Angeles. Frank Schulz, Todd Taugner and David Prior of Klabin Co. and Rick Putnam and Bret Hardy of Colliers International represented both the buyer and seller, TA Associates Realty, in this transaction.

January 17, 2017

Industrial Office Retail Texas

Gupta Partners Acquires 276,000 SF Flex Property in Houston

by Amy Works January 17, 2017

HOUSTON — Gupta Partners has acquired Beltway 8 Industrial Park, a nine-building flex property located at 5829 W. Sam Houston Parkway North in Houston, for an undisclosed price. The 276,000-square-foot property offers flex space ranging from 2,400 to 12,000 square feet for small businesses. Jace Auto Wheel and Tire Specialists and Lumber Liquidators, as well as retailers, professional offices, healthcare providers, technology/communications firms and wholesale service companies, occupy the property. Bradley Kovach of Moody Rambin represented the buyer, while Jim Authenreith, also of Moody Rambin, represented the seller, a California-based investment group, in the deal.

January 17, 2017

Industrial Office Texas

Crestone Group Renews Leases 70,531 SF of Commercial Space in Metro Dallas

by Amy Works January 17, 2017

GRAPEVINE, TEXAS — Crestone Group has decided to keep its Southwest regional commercial bakery and distribution center at Heritage Business Park in metro Dallas by leasing 70,531 square feet of commercial space at the property. The company signed a long-term lease for space at Heritage Building 6, located at 800 Industrial Blvd. in Grapevine. Michael Spain and Nick Talley of Bradford Commercial Real Estate Services represented the landlord, KTR DFW LLC, while Michael Stanzel of NAI Robert Lynn represented the tenant in the deal.

January 17, 2017

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