Industrial

Pure Foods Gateway Commerce Park Kingsport

Pure Foods Opens $22M Headquarters, Manufacturing Plant in Tennessee

by John Nelson February 2, 2016

KINGSPORT, TENN. — Pure Foods, a specialty snack company, has opened its global headquarters and a manufacturing plant at Gateway Commerce Park in Kingsport. The $22 million project will house 50 to 75 employees, with room to grow to 275 employees over the next five years. The 88,000-square-foot manufacturing facility will be where Pure Foods produces its healthy snacks, which are sourced from non-GMO fruits and vegetables. The opening ceremony of the headquarters and manufacturing plant was attended by Tennessee Gov. Bill Haslam; Lt. Gov. Ron Ramsey; John Dreyzehner, commissioner of the Tennessee Department of Health; Miles Burdine, president and CEO of the Kingsport Chamber of Commerce; Kingsport Mayor John Clark; and Sullivan County Mayor Richard Venable. As part of the opening, Pure Foods has also announced its acquisition of the Guiltless Gourmet brand from Manischewitz Co.

February 2, 2016

420 and 440 S. Congress Ave. Delray Beach

Florida Industrial Southeast

Cushman & Wakefield Brokers $18.5M Sale of Distribution Center in South Florida

by John Nelson February 2, 2016

DELRAY BEACH, FLA. — Cushman & Wakefield has arranged the $18.5 million sale of Delray Distribution Center, a 185,624-square-foot, two-building industrial facility located at 420 and 440 S. Congress Ave. in Delray Beach. PetMeds, an online pharmacy offering pet medications and animal grooming products, purchased the facility from Stockbridge Capital. Christopher Thomson, Richard Etner, Christopher Metzger and Matthew McAllister of Cushman & Wakefield represented Stockbridge Capital in the transaction. PetMeds will relocate its office and distribution headquarters to Delray Distribution Center, which was fully leased at the time of sale. Other tenants include DHL and Levenger. Built in 1994, the property features 26-foot clear ceiling heights, dock-high and grade-level loading, a 150-foot truck court and an ESFR sprinkler system.

February 2, 2016

Colorado Industrial Western

Jensen Precast Buys Denver Industrial Facility

by Nellie Day February 2, 2016

DENVER — Jensen Precast has purchased a 143,960-square-foot industrial facility in the Denver submarket of Lockeford for an undisclosed sum. The facility is located at 12101 E. Brandt Road. The space will serve as an expansion of the precast concrete company’s existing facility. The seller is NCI Building Systems. Eric Dienstbach of Binswanger, along with John Fondale of Newmark Cornish & Carey, executed the transaction.

February 2, 2016

Illinois Industrial Loans Midwest

Associated Bank Provides $47.5M in Loans for Two Cold Storage Projects in Metro Chicago

by Christina Cannon February 1, 2016

CHICAGO and WHEELING, ILL. — Associated Bank has provided a total of $47.5 million for two cold storage projects in Chicago. In the first project, Associated Bank provided an $8 million refinancing and construction loan to 120 Palatine LLC for a vacant 115,000-square-foot freezer food manufacturing and distribution facility. The asset is located at 120 W. Palatine Road in Wheeling and will be leased to Richelieu Foods. Associated Bank was also the lead arranger and administrative agent of a $39.5 million credit facility for a 227,700-square-foot cold storage warehouse and distribution facility that will be located at 2302 S. Paulina St. Wanxiang America Real Estate Group and Clarius Partners are the borrowing entities. The facility is a build-to-suit project for Preferred Freezer. Ted Notz of Associated Bank managed both loans.

February 1, 2016

Illinois Industrial Midwest

Transwestern Arranges 292,000 SF Industrial Lease Renewal in Aurora, Illinois

by Christina Cannon February 1, 2016

AURORA, ILL. — Transwestern has arranged a 292,000-square-foot lease renewal for an industrial space in Aurora, approximately 40 miles west of Chicago. Rockpoint Logistics will continue to occupy nearly half of the 607,752-square-foot facility located at 901 Bilter Road. Completed in 2005, the asset is one of eight buildings situated inside the Liberty Business Center. Liberty Property Trust, the building’s owner, was self-represented. David Friedland of Transwestern represented Rockpoint Logistics in the transaction.

February 1, 2016

Industrial Multifamily New Jersey Northeast Retail

Sitar Realty Co. Brokers Three Sales in New Jersey

by Amy Works February 1, 2016

PRINCETON, LINDEN AND HAZLET, N.J. — Sitar Realty Co. has arranged three sales in New Jersey. In the first transaction, Princeton McKinley LLC acquired a 60-story apartment complex located at 200 McKinley Court in Princeton from M&G McKinley Investments for an undisclosed price. Giorgio Vasilis, Joseph Allegro, Doug Sitar and William Sitar Jr. of Sitar Realty Co. negotiated the transaction. In the second deal, RTM Realty sold a 5,500-square-foot industrial building, located at 1818 E. Elizabeth Ave., in Linden to M. Lazurus for an undisclosed sum. Brian Murphy of Sitar Realty Co. handled the transaction. In the final transaction, Gold Group LLC acquired a 4,000-square-foot retail building, located at 3201 State Route 25 in Hazlet, from 35 Hazlet LLC for an undisclosed price. Vasilis of Sitar Realty Co. brokered the deal.

February 1, 2016

4600-Blue-Mound-fort-worth-texas-anchor-fabrication

Industrial Texas

Transwestern Negotiates Industrial Lease in Fort Worth

by Haisten Willis January 29, 2016

FORT WORTH, TEXAS — Transwestern has negotiated a 224,800-square-foot industrial lease for Anchor Fabrication Ltd. at 4600 Blue Mound Road in Fort Worth. The Texas-based metal fabrication company also has a manufacturing facility at 1200 Lawson Road in Fort Worth. Transwestern’s Sarah LanCarte represented the tenant. The city of Fort Worth owns the industrial facility.

January 29, 2016

Illinois Industrial Midwest

MB Real Estate Brokers $10.6M Sale of Industrial Loft Building in Chicago

by Christina Cannon January 29, 2016

CHICAGO — MB Real Estate has brokered the $10.6 million sale of an industrial loft building in Chicago’s Lincoln Park neighborhood. The 90,000-square-foot building, located at 2065 N. Southport Ave., sits across the street from a 22-acre campus that was previously occupied by Finkl & Sons Co., the world’s leading supplier of steel processing. The campus is now one of the largest infill sites in the country. The four-story building features 22,500-square-foot floor plates and 12- to 15-foot ceilings. David Kimball of MB Real Estate represented the seller, Maclee Chemical Co., in the transaction. The buyer in the transaction was undisclosed. Maclee Chemical Co. was also the previous tenant but vacated the building upon the sale of the property. The facility, built in 1915, will be converted into creative office space.

January 29, 2016

Illinois Industrial Midwest

Transwestern Negotiates 55,488 SF Manufacturing Lease in Lake Zurich, Illinois

by Christina Cannon January 29, 2016

LAKE ZURICH, ILL. — Transwestern has negotiated a 55,488-square-foot lease for a manufacturing facility in Lake Zurich, approximately 40 miles northwest of Chicago. Alpha Tekniko, a developer and manufacturer of specialized healthcare patient support surfaces, will occupy the building located at 1290 Ensell Road. Alpha Tekniko has already moved a portion of the staff from its current headquarters located at 1000 Commerce Drive to the new location and expects to fully occupy the facility by the end of March. The property features 8,000 square feet of office space, 24-foot clear heights, four interior docks, three drive-in doors and parking for 64 vehicles. Thomas Boyle and Jared Paff of Transwestern represented the tenant in the transaction.

January 29, 2016

Georgia Industrial Southeast

Graham Commercial Properties Acquires 209,780 SF Distribution Center in Atlanta for $7.1M

by John Nelson January 29, 2016

ATLANTA — Birmingham-based Graham Commercial Properties (GCP) has purchased a 209,780-square-foot distribution center located at 1040 Southern Road in Atlanta for $7.1 million. The 10-acre development has rail access to the Norfolk Southern railroad system, which was a deciding factor for the current tenant, M & W Distribution Services. The industrial facility is GCP’s first acquisition in Georgia. GCP is a recently formed real estate holding and management company and sister firm of Graham & Co. LLC.

January 29, 2016

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