Industrial

Stream to Develop Data Center in Plano

by Haisten Willis January 22, 2016

PLANO, TEXAS — Stream Data Centers has acquired 16 acres at Legacy Business Park, a master-planned, mixed-use development in Plano, to build a data center. The new data center will be a 210,000-square-foot, ground-up development. Additionally, Stream plans to build the data center to LEED Silver standards. This will be Stream’s second data center in Legacy and its fourth development in the Dallas market in the last four years. Stream Data Centers will break ground on the Plano data center in the second quarter of 2016, and the facility will be ready for occupancy in the first quarter of 2017.

January 22, 2016

Midwest Industrial Funds Acquires 246,000 SF Industrial Building in Chicago Suburb

by Christina Cannon January 22, 2016

ELGIN, ILL. — An entity affiliated with the Midwest Industrial Funds has acquired a vacant 246,000-square-foot facility in Elgin, approximately 40 miles west of Chicago, for an undisclosed price. The building, located at 1600 Fleetwood Drive, is situated on 22 acres and features 26-foot clear heights, 10 docks and 22,000 square feet of office space. Stamar Packaging recently agreed to lease 187,000 square feet of the facility and is relocating its headquarters and warehouse from Addison. Frank Griffin and Dominick Carbonari of JLL represented the seller, a division of Philips Lighting, in the transaction. Michael Androwich Jr. of Lee & Associates represented Stamar Packaging.

January 22, 2016

Illinois Industrial Midwest

CenterPoint Properties Sells 174,400 SF Industrial Facility in West Chicago

by Christina Cannon January 22, 2016

WEST CHICAGO, IIL. — CenterPoint Properties has sold a 174,400-square-foot industrial property in West Chicago to Simpson Manufacturing Co. for an undisclosed price. The facility, located at 2505 Enterprise Circle, features 48,776 square feet of office space, 28 exterior docks, two drive-in doors and 401 car parking spots. Simpson Manufacturing plans to renovate and expand the building. Britt Casey of Cushman & Wakefield represented CenterPoint in the transaction. David Prell, Cal Payne and Tyson Vallenari of CBRE represented Simpson Manufacturing.

January 22, 2016

Industrial Massachusetts Northeast

Novaya Real Estate Acquires 275,000 SF Warehouse in Massachusetts for $19.7M

by Amy Works January 21, 2016

MIDDLEBOROUGH, MASS. — Novaya Real Estate Ventures has acquired a warehouse property located at 154 Campanelli Drive in Middleborough for $19.7 million. The 275,000-square-foot property is fully leased to alphabroder, an imprintable activewear company, on a long-term basis. JLL represented the seller, AEW, in the transaction.

January 21, 2016

Connecticut Industrial Loans Northeast

EagleBridge Capital Arranges $2.5M in Financing for Industrial Property in Connecticut

by Amy Works January 21, 2016

FARMINGTON, CONN. — EagleBridge Capital has arranged $2.5 million in permanent mortgage financing for an industrial property located at 21 Hyde Road in Farmington. The 113,425-square-foot property features 6,500 square feet of office space, 106,925 square feet of warehouse and distribution space, clear heights ranging from 24 feet to 30 feet, 10 loading docks and parking for 190 vehicles. The property is currently leased to Dealer Tire, a national tire, maintenance and light repair product distribution company. Brian Sheehan and Ted Sidel of EagleBridge arranged the loan for the undisclosed borrower.

January 21, 2016

Industrial Texas

NAI Partners Arranges Sale of 67.5 Acres of Industrial Land in Houston

by Haisten Willis January 21, 2016

HOUSTON — NAI Partners represented S/C Management 87 Ltd. in the sale of 67.5 acres of industrial land located on Mesa Drive between Little York Road and Tidwell Road in Houston. John Ferruzzo and Chris Kugle of NAI Partners represented the seller during the negotiations with the buyer, Jaikrishna Patel.

January 21, 2016

Industrial Texas

Stream Realty Negotiates Sale of Industrial Property in Metro Dallas

by Haisten Willis January 21, 2016

ARLINGTON, TEXAS — CheckerProp Acquisitions purchased an 81,400-square-foot industrial property from Tamarack Associates LLC located at 700 106th St. in Arlington. Luke Davis and Matthew Dornak with Stream Realty Partners represented the seller in the transaction. Eric Crutchfield with Stream represented the buyer.

January 21, 2016

Industrial Iowa Midwest

United Commercial Arranges $14M Sale of Two Industrial Buildings in Sioux City

by Christina Cannon January 21, 2016

SIOUX CITY, IOWA — United Commercial has arranged the sale of two industrial buildings in Sioux City for $14 million. NorAm Holdings LLC acquired the two assets from ILP I LLC. The buildings are located at 2401 and 2501 Expedition Court. The facility at 2401 Expedition Court was built in 1998 and offers 213,086 square feet of warehouse and distribution space and 5,314 square feet of professional office space. The building sits on 11 acres and features parking for 22 cars, 24-foot clear heights, 14 dock doors and one drive-in door. The property at 2501 Expedition Court was built in 2001 and offers 200,700 square feet of warehouse and distribution space and 25,606 square feet of professional office space. This asset is situated on 12 acres and has parking for 66 cars, 24-foor clear heights, 18 dock doors and one drive-in door. XPO Logistics occupies both buildings. Beau Braunger of United Commercial represented the buyer and seller in the transaction.

January 21, 2016

Illinois Industrial Midwest

Cushman & Wakefield Arranges 164,355 SF Industrial Lease in Chicago Suburb

by Christina Cannon January 21, 2016

BOLINGBROOK, ILL. — Cushman & Wakefield has arranged an industrial lease in Bolingbrook, approximately 33 miles southwest of Chicago. Menasha Packaging Co. LLC will occupy 164,355 square feet of warehouse space at 800 S. Weber Road. Menasha’s lease brings the 328,709-square-foot building to 100 percent occupancy. The building features 30-foot clear heights, 20 exterior truck docks, two drive-in doors, 1,200 amps of power, 90 car parking spaces and 30 trailer parking spaces. Jason West and Sean Henrick of Cushman & Wakefield represented the landlord in the transaction, ML Realty Partners LLC. Patrick McCaffrey of Avison Young represented Menasha Packaging.

January 21, 2016

California Industrial Loans Western

NorthMarq Arranges $29M Refinancing for Airport Center Industrial Facility in Ontario

by Nellie Day January 21, 2016

ONTARIO, CALIF. — NorthMarq Capital has arranged a $29 million refinancing for Airport Center, a 600,000-square-foot industrial property in Ontario. The property is located at 1460 S. Archibald Ave. Financing featured a six-month forward rate lock, along with a 10-year term and 25-year amortization schedule. Robert R. Hervey and Joe Giordani of NorthMarq Capital’s Los Angeles regional office arranged the loan.

January 21, 2016

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