Industrial

Transwestern Arranges 13,816 SF Industrial Lease in Chicago Suburb

by Christina Cannon May 6, 2016

BOLINGBROOK, ILL. — Transwestern has arranged a 13,816-square-foot industrial lease in Bolingbrook, approximately 30 miles southwest of Chicago. Cope Plastics will occupy space at the 55,480-square-foot building. The property, 4 Territorial Court, was built in 2002 and is one of five buildings located in the Territorial Business Center. Cope Plastics, which makes and distributes plastic sheet, rod and tubing products, previously leased 10,700 square feet of space within the same business center. Scott Mueller of Transwestern represented the tenant in the transaction.

May 6, 2016

Industrial Loans New Jersey Northeast

The Donato Group Receives $6.7M Acquisition Loan for Industrial Property in New Jersey

by Amy Works May 5, 2016

EATONTOWN, N.J. — The Donato Group has received a $6.7 million loan for the acquisition of a 106,918-square-foot industrial flex property located at 34-38 Industrial Way East in Eatontown. Michael Klein of HFF arranged the five-year, floating-rate loan, provided by Lakeland Bank, for the borrower. The two-building facility features 14 individual flex units ranging in size from 3,000 square feet to 17,000 square feet. At the time of acquisition, the property was 83.6 percent occupied. Current tenants include Paw BioScience, Hanro of Switzerland, Augustine Consulting Inc., Alkaline Corp., KruseCom and Meridian Health.

May 5, 2016

Industrial North Carolina Southeast

CBRE Brokers Sale of 970,000 SF Industrial Asset in Charlotte

by John Nelson May 5, 2016

CHARLOTTE, N.C. — CBRE has brokered the sale of Lakemont West Business Park, a 970,000-square-foot industrial asset located in Charlotte’s Southwest submarket. The property was 84 percent leased at the time of sale, with more than half of the property coming to term within the next five years. Patrick Gildea, Bryan Crutcher and Anne Johnson of CBRE’s national partners team represented the seller in the transaction. Jeffrey Dunne of CBRE’s New York institutional properties team represented the buyer, an entity controlled by Hartz Mountain Industries, which has retained Jim Gunning and Donna Falzarano of CBRE’s capital markets debt & structured finance team to secure financing for the asset.

May 5, 2016

Industrial Kansas Midwest

Colliers International Brokers Sale of 142,308 SF Industrial Building Near Kansas City

by Christina Cannon May 5, 2016

SHAWNEE, KAN. — Colliers International has arranged the sale of a 142,308-square-foot industrial building in Shawnee, approximately 10 miles southwest of Kansas City, for an undisclosed price. ECM Real Estate Holdings LLC sold the facility, located at 23501 W. 84th St., to Shawnee Logistics Centre LLC. John Stafford, Ed Elder and Tom Haverty of Colliers International represented the seller in the transaction. The buyer was self-represented.

May 5, 2016

California Industrial Western

Prologis Sells 12-Building Carson Industrial Center

by Nellie Day May 5, 2016

CARSON, CALIF. — Prologis has sold the 12-building Carson Industrial Center in the Los Angeles submarket of Carson to an institutional real estate manager for an undisclosed sum. The 450,000-square-foot center is situated on Del Amo Boulevard. Carson Industrial Center is fully leased to 19 tenants. Notable tenants include Sourcecorp BPS, Coast Wire & Plastic Technology and Illumination International. Jeffrey Cole, Jeffrey Chiate and Ed Hernandez of Cushman & Wakefield represented Prologis in this transaction.

May 5, 2016

Colorado Industrial Western

Extra Space Storage Facility in Centennial Sells for $11.3M

by Nellie Day May 5, 2016

CENTENNIAL, COLO. — An undisclosed buyer has purchased a 533-unit Extra Space Storage facility in Centennial for $11.3 million. The community is located at 7059 S. Kenton St., 16 miles southeast of downtown Denver. The facility was built in 2009. Adam Schlosser, Chico LeClaire and Brett Hatcher of Marcus & Millichap executed the transaction. Richard Bird is the firm’s broker of record in Colorado.

May 5, 2016

leon-capital-group-self-storage-round-rock-texas

Industrial Texas

Leon Capital Breaks Ground on Self-Storage Project in Metro Austin

by Haisten Willis May 4, 2016

ROUND ROCK, TEXAS — Leon Capital Group has begun construction on its first self-storage construction project. The 105,987-square-foot development, which is located at 215 N. A.W. Grimes Blvd. in Round Rock, will be owned and operated by Leon Capital Group and managed by CubeSmart, a national owner and operator of self-storage facilities across the U.S. The Round Rock facility is the third investment for Leon Capital Group’s self-storage platform, which operates out of the company’s Austin office. The company is set to break ground on two additional Austin-area self-storage developments by the end of this year. Construction on the Round Rock self-storage development is slated for completion in late December. Embree Construction Group Inc. is the general contractor for the project.

May 4, 2016

Industrial Massachusetts Northeast

Calare Properties Acquires 119,000 SF Warehouse/Retail Building in Massachusetts

by Amy Works May 4, 2016

STOUGHTON, MASS. — Calare Properties has acquired a warehouse and retail building located at 301 Page St. in Stoughton. The 119,000-square-foot property was purchased for an undisclosed sum. The Class A property is currently fully occupied by Boston Interiors. Built in 2004, the property features 10,000 square feet of office space; 9,000 square feet of showroom space; and 100,000 square feet of high-bay warehouse space. Situated on 17.1 acres, the facility also features 36-foot clear ceiling heights, 16 dock-high doors, two trash dock doors and 113 surface level parking spaces. The name of the seller was not released.

May 4, 2016

Illinois Industrial Midwest

Venture One Purchases 21,672 SF Distribution Center in Gurnee, Illinois

by Christina Cannon May 4, 2016

GURNEE, ILL. — Venture One Real Estate LLC has purchased a single-tenant 21,672-square-foot distribution center in Gurnee, approximately 45 miles northwest of Chicago, for an undisclosed price. Chenille Kraft Co. sold the building, which is located on 1.4 acres at 65 Ambrogio Drive. Venture One plans to rehab the property. David Liebman of Merit Partners represented the seller, and Venture One was self-represented.

May 4, 2016

Florida Industrial Southeast

Cite Partners Brokers $10.7M Sale of 300,000 SF Industrial Property in Orlando

by John Nelson May 4, 2016

ORLANDO, FLA. — Cite Partners has brokered the $10.7 million sale of Shader Industrial Park, a 300,000-square-foot industrial property in Orlando. The asset was 90 percent leased at the time of sale. Cite Partners represented the undisclosed buyer in the transaction. Cory Kroeger and Greg Rebman of KR Properties represented the seller, an unnamed entity that has owned Shader Industrial Park since 1983.

May 4, 2016

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