Industrial

United Properties Breaks Ground on 402,000 SF Industrial Build-to-Suit Project Near Minneapolis

by Christina Cannon August 23, 2016

LINO LAKES, MINN. — United Properties has broken ground on a 402,000-square-foot industrial facility for Distribution Alternatives Inc., a third-party logistics firm. The build-to-suit project is located on a 30-acre site in Lino Lakes, approximately 20 miles northeast of Minneapolis. Distribution Alternative plans to occupy the facility in the fall of 2017. The building will feature a cross-dock layout, 32-foot clear heights and outside trailer storage. R.J. Ryan will serve as the general contractor for the project, and Lampert Architects will provide design services.

August 23, 2016

Industrial New York Northeast Office Retail

Cushman & Wakefield Launches Automotive Specialty Practice Group

by Amy Works August 22, 2016

NEW YORK CITY — Cushman & Wakefield has launched an Automotive Specialty Practice group in response to the recent transformation and growth in the auto industry. Led by Jeffrey Green, the group includes a global, cross-discipline team of real estate and business advisors to auto manufacturers, suppliers, distributors and retailers. Cushman & Wakefield is the first commercial real estate service firm to market a global comprehensive Auto SPG offering. The offering’s mission is to deeply understand and address the distinctive challenges of the automotive sector from labor issues, logistics, infrastructure, technology, credits and incentives to the unique requirements of the real estate itself. Cushman & Wakefield has has relationships with various automotive industry clients around the world, including Toyota, BMW, FCA, Mercedes Benz, Magna International, Hyundai and JLR.

August 22, 2016

Industrial Loans New York Northeast

Meridian Capital Group Arranges $7M in Acquisition Financing for Warehouse in Queens

by Amy Works August 22, 2016

NEW YORK CITY — Meridian Capital Group has arranged $7 million in financing for the acquisition of a warehouse located in the Astoria section of Queens. The one-year loan, provided by a local balance sheet lender, features full-term interest-only payments. Located at 19-79 Steinway St., the single-story, 10,000-square-foot warehouse offers easy access to New York City’s major distribution channels and close proximity to the N and Q subway lines. Bryan Geffen and Brian Flax of Meridian negotiated the loan for the undisclosed borrower.

August 22, 2016

Connecticut Industrial Northeast

O,R&L Commercial Brokers 20,000 SF Lease of Industrial Facility in Connecticut

by Amy Works August 22, 2016

BRANFORD, CONN. — O,R&L Commercial has arranged the lease of an industrial building at 16 Commercial St. in Branford. New England Orthotic & Prosthetic Systems plans to consolidate three locations into the 20,000-square-foot building. Tim McMahon of O,R&L Commercial represented the landlord, 16 Commercial Street Associates, while Frank Hird, also of O,R&L Commercial represented the tenant in the deal.

August 22, 2016

Industrial Midwest Wisconsin

The Dickman Company Brokers Sale of 5,000 SF Industrial Property in Milwaukee

by Christina Cannon August 22, 2016

MILWAUKEE — The Dickman Company Inc./CORFAC International has brokered the sale of a 5,000-square-foot industrial building in Milwaukee for an undisclosed price. Adams Recycling LLC purchased the facility, located at 2725-2731 S. 29th St., from The Lynne M. Borts Revocable Trust. TJ Huenerbein of The Dickman Company brokered the transaction.

August 22, 2016

Industrial Texas

M&M Negotiates Sale of Self-Storage Facility in Houston

by Haisten Willis August 22, 2016

HOUSTON — Marcus & Millichap has negotiated the sale of Kingwood Storage, a self-storage facility located in the Kingwood area of Houston. The 254-unit asset was built in 1985. Dave Knobler and Justin Miller of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a private investor. Knobler and Miller also secured the buyer, a limited liability company from California. Kingwood Storage is located at 1964 Northpark Drive.

August 22, 2016

Industrial Texas

Lee & Associates Brokers 58,989 SF Industrial Sale in Metro Dallas

by Haisten Willis August 22, 2016

CARROLLTON, TEXAS — Lee & Associates has brokered the sale of a 58,989-square-foot industrial building located at 1501 Luna Road in Carrollton. Nathan Denton and Corbin Blount Lee & Associates’ Dallas/Fort Worth office represented the seller, Nu Vista Series 1D LLC. Ryan Boozer of Stream Realty Partners LP represented the buyer, H&A Brothers LP.

August 22, 2016

Connecticut Industrial Northeast

O,R&L Commercial Brokers 54,000 SF Lease of Industrial Space in Connecticut

by Amy Works August 19, 2016

BERLIN, CONN. — O,R&L Commercial has arranged the lease of industrial space at 128 Old Brickyard Road in Berlin. All Mail Direct, a fulfillment and direct marketing firm, will occupy 54,000 square feet of the 127,000-square-foot industrial building, which is situated on 45 acres. Luke Massirio and Stephen Foote of O,R&L Commercial represented the landlord, Lakewood Associates, while Scott Rishar of North Atlantic Realty represented the tenant in the deal.

August 19, 2016

Industrial Texas

KDC, Harbert Sell Three-Building Industrial Project in Houston

by Haisten Willis August 19, 2016

HOUSTON — KDC and Harbert Real Estate Fund III LLC have sold Ellington Trade Center, a three-building industrial project totaling 513,800 square feet and 18.2 acres of developable land in southeast Houston. HFF represented the sellers in the transaction. Lincoln Property Co., through its investment advisory affiliate, Lincoln Advisory Group, purchased the property on behalf of an institutional client. Situated on more than 36 acres at 12552, 12554 and 12556 Highway 3, Ellington Trade Center is located across the street from Ellington Airport. The 98.6 percent leased center is home to tenants including FedEx, Lennox Industrial, Goodman Distribution, SCP Distributors, E&G, Patrician Window Coverings and Houston Chronicle Publishing. Ellington Trade Center features 24- and 28-foot minimum clear heights, dock high configuration and 200 shared truck courts. HFF’s Rusty Tamlyn and Trent Agnew led the investment sales team.

August 19, 2016

Florida Industrial Southeast

Cushman & Wakefield Arranges $23.6M Sale of Distribution Facility in Broward County

by John Nelson August 19, 2016

POMPANO BEACH, FLA. — Cushman & Wakefield has brokered the $23.6 million sale of Pompano Distribution Center I, a Class A, 202,210-square-foot distribution warehouse located at 3901 N.E. 12th Ave. in Pompano Beach. Built in 2014 by Atlanta-based Weeks Robinson Partners, the rear-load facility was fully leased at the time of sale to tenants such as Restoration Hardware, Sunbelt Marketing and RWC Inc. The property features 32-foot clear heights, 125-foot truck courts, 60-foot concrete aprons, ESFR sprinklers, T-5 lighting and trailer storage. Mike Davis, Rick Brugge, Michael Lerner and Richard Etner of Cushman & Wakefield represented Robinson Weeks in the sale. A member company of Zurich North America, advised by Zurich Alternative Asset Management LLC, purchased the facility for roughly $117 per square foot.

August 19, 2016

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