Industrial

CBRE Arranges Sale of 85,113 SF Industrial Facility in Pennsylvania

by Amy Works April 21, 2016

SCHUYLKILL HAVEN, PA. — CBRE Group has arranged the sale of an industrial facility located at 3 Earl St. in Schuylkill Haven. The 85,113-square-foot facility sold for an undisclosed sum. At the time of sale, the property was fully occupied by M&Q Packaging Corp. on a long-term basis. Constructed in phases between 1969 and 2003, the facility is located 12 to 13 miles from both 78 and 81 interstates. Stephen Marzullo, Adam Silverman, Paul Touhey and Drew Green of CBRE brokered the transaction. The names of the seller and buyer were not released.

April 21, 2016

Industrial Loans Office Texas

Cohen Financial Secures $6.8M CMBS Loan for Allen Tech Center

by Haisten Willis April 20, 2016

ALLEN, TEXAS — Casey Townsend of Cohen Financial, a national real estate capital services firm, has arranged a $6.8 million CMBS loan to acquire the Allen Tech Center. The 84,936-square-foot, one-story office/flex property is located in Allen. Townsend placed the 10-year, fixed-rate loan through Morgan Stanley.

April 20, 2016

Illinois Industrial Midwest

Morgan/Harbour Construction to Build 257,344 SF Distribution Facility in Chicago Suburb

by Christina Cannon April 20, 2016

ELGIN, ILL. — Morgan/Harbour Construction will build a 257,344-square-foot distribution facility in Elgin, approximately 40 miles northwest of Chicago. The speculative development will be located on a 16.8-acre site at 2650 Automall Drive. Morgan/Harbour is expected to break ground on the project this May and complete the facility by the end of the year. Features will include 32-foot clear heights, an ESFR sprinkler system, 24 exterior docks, four drive-in doors and parking. Zilber Property Group is the developer, and Cornerstone Architects Ltd. will provide the architectural services. Pinnacle Engineering Group LLC will provide civil design services.

April 20, 2016

Turnpike Crossing 1315 Palm Beach County Weston

Florida Industrial Southeast

Duke Realty Signs Two Leases Totaling 76,316 SF at Turnpike Crossing in Palm Beach County

by John Nelson April 20, 2016

WESTON, FLA. — Duke Realty Corp. has signed leases with two tenants for 76,316 square feet at Turnpike Crossing 1315, a 124,523-square-foot industrial facility under construction in Palm Beach County at Florida’s Turnpike and Jog Road in Weston. Straight Line Millwork leased 23,066 square feet and RMB USA leased 53,250 square feet, making the project more than 60 percent pre-leased. Turnpike Crossing 1315 is part of Turnpike Crossing, Duke Realty’s 67.2-acre industrial park that can accommodate roughly 882,850 square feet. Turnpike Crossing 1315 is nearly complete and will feature 32-foot clear heights, 41 dock doors, 40- by 50-foot column spacing and 50- by 50-foot dock bays. Turnpike Crossing 1315 will share a 180-foot truck court with Turnpike Crossing 1333, and both will feature mechanically attached roofs and ESFR sprinkler systems.

April 20, 2016

Industrial Texas

Central Tube and Bar Expands Operations in Waco

by Haisten Willis April 19, 2016

WACO, TEXAS — Central Tube and Bar will expand its operation into the greater Waco area by adding 20 employees at a 40,000-square-foot facility, making it the largest tube laser operating in Texas. The Conway, Ark.-based company will officially open April 25. Central Tube and Bar has locations in Conway and Tulsa, Okla. The company started in 1997 at the Arkansas location and added the Oklahoma facility in 2003. The Texas location will allow Central Tube and Bar to extend its reach further into the southwest region.

April 19, 2016

Carter-Business-Center-7821-Will-Rogers-Boulevard-Fort-Worth

Industrial Texas

Multi-Shot Renews Industrial Lease in Fort Worth

by Haisten Willis April 19, 2016

FORT WORTH, TEXAS — Multi-Shot LLC has renewed a 30,348-square-foot lease in Carter Business Center, a Class A warehouse in Fort Worth. Nick Talley of Dallas-based Bradford Commercial Real Estate Services represented the landlord, TA Realty Associates Fund X LP, in the deal. The two-building, 120,728-square-foot project at 7821 Will Rogers Blvd. is fully leased. Multi-Shot, a Houston-based oil and gas firm, was the first tenant in Carter Business Center, which was developed in 2005 within the 950-acre Carter Business Park. The development is near the intersection of Will Rogers and Everman parkways.

April 19, 2016

Industrial Loans South Carolina Southeast

KeyBank Secures $31.8M CMBS Financing for Industrial Portfolio in South Carolina

by John Nelson April 19, 2016

CLEVELAND — KeyBank Real Estate Capital has provided a $31.8 million CMBS loan for an industrial portfolio totaling 1.35 million square feet throughout South Carolina. The portfolio comprises mostly Class B distribution and warehouse facilities that were 95.9 percent leased at the time of financing. Robert Williams and David Pyc of KeyBank’s commercial mortgage group arranged the non-recourse financing on behalf of the borrower, Reger Holdings LLC.

April 19, 2016

Industrial Midwest Wisconsin

The Barry Company Brokers Sale of 49,330 SF Industrial Property in Milwaukee Suburb

by Christina Cannon April 19, 2016

WEST ALLIS, WIS. — The Barry Company has brokered the sale of a 49,330-square-foot industrial warehouse in West Allis, approximately seven miles west of Milwaukee, for an undisclosed price. Wisconsin Storage Corp. purchased the property, located at 232 S. Curtis Road, from an undisclosed seller. The buyer plans to make renovations to the building including a new front façade, replacing the drive-in doors with windows and upgrading the landscaping. Kurt Van Dyke and James Young of The Barry Company brokered the transaction.

April 19, 2016

California Industrial Western

Rexford Buys Southern California-based Industrial Portfolio for $191M

by Nellie Day April 18, 2016

LOS ANGELES — Rexford Industrial Realty has purchased a nine-property industrial portfolio based in a variety of Southern California infill markets for $191 million. The portfolio contains more than 1.5 million square feet of space. The properties are situated throughout Orange County, Inland Empire West, central San Diego and the Los Angeles-San Gabriel Valley markets. The portfolio is fully leased to 12 tenants. Rexford funded the acquisition with proceeds from its recent public equity issuance and the exercise of a $100 million accordion on its $125.0 million unsecured term loan. The acquisition increased Rexford’s owned square footage by more than 12 percent.

April 18, 2016

carter-distribution-center-fort-worth-texas

Industrial Texas

Sealy Acquires 615,005 SF Distribution Center in Fort Worth

by Haisten Willis April 18, 2016

FORT WORTH, TEXAS — Sealy & Co. has acquired Carter Distribution Center, a 615,005-square-foot, Class A warehouse facility situated on more than 27 acres at 6601 Oak Grove Road in Fort Worth. The acquisition was made on behalf of Sealy Strategic Equity Partners (SSEP). Carter Distribution Center was built in 2008 and features 32-foot clear heights, 89 trailer parking spaces and an ESFR sprinkler system. The property is rail served on the north side by the Union Pacific Rail line via the Fort Worth Western Rail Road. The asset is also located near the intersection of I-35 and I-20.

April 18, 2016

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