Industrial

Badiee Development Plans Speculative Flex Industrial Campus in Carlsbad

by Nellie Day August 16, 2016

CARLSBAD, CALIF. — Badiee Development has acquired two land parcels totaling 8.4 acres in the Carlsbad Oaks North Business Park for $6 million. The development firm plans to build a speculative flex industrial campus named Carlsbad Oaks Innovation Park on the lots. The two-building campus will contain a total of 102,937 square feet offering a mix of office and functional warehouse space. Badiee will break ground on the campus in the first quarter of 2017, with an expected completion date in the fourth quarter of that year. Tucker Hohenstein and Mike Erwin of Colliers International represented both Badiee and the seller, Kilroy Realty, in this transaction. The team also serves as the project’s listing brokers, along with Conor Boyle.

August 16, 2016

Industrial Texas

Cushman & Wakefield of Texas Secures 396,880 SF Industrial Lease in Metro Houston

by Haisten Willis August 15, 2016

SEALY, TEXAS — Cushman & Wakefield of Texas Inc. has negotiated a 10-year lease of nearly 400,000 square feet within the former BAE manufacturing facility fronting I-10 just west of Sealy. The tenant is Valerus Field Solutions, a division of Montreal-based SNC-Lavalin, an engineering and construction firm. The Parker/Littman Team at Cushman & Wakefield of Texas represented the owner, Five Star Properties, and Kyle Kelley of Savills Studley and Jim Stark of CBRE acted as brokers for Valerus. The transaction is a consolidation of multiple SNC-LaFkellyvalin locations from across Texas and Louisiana and will employ up to 250 engineers, accountants, project managers, warehouse attendants and general laborers.

August 15, 2016

Industrial Southeast Virginia

Hollingsworth Cos. Completes Expansion of Manufacturing Facility in Virginia

by John Nelson August 11, 2016

PRINCE GEORGE, VA. — The Hollingsworth Cos. has designed and constructed the 190,462-square-foot expansion of a manufacturing facility within SouthPoint Business Park in Prince George. Hollingsworth completed the expansion of the aluminum remelt facility occupied by Service Center Metals (SCM). In addition to the expansion, SCM will invest in additional equipment at the facility and expand the current workforce by 35 employees.

August 11, 2016

Florida Industrial Southeast

PREMIER Design + Build to Construct Two Warehouses in Fort Lauderdale

by John Nelson August 10, 2016

FORT LAUDERDALE, FLA. — Bridge Development Partners LLC has selected PREMIER Design + Build LLC to construct two warehouses in Fort Lauderdale totaling 306,855 square feet. The assets will be located at Sunrise Boulevard and I-95 and offer nearly 400 parking spaces. Both warehouses will feature 32-foot clear heights, 58 truck dock positions, three drive-in doors, ESFR sprinkler systems and TPO roofing systems. Ytiel Lopez is the project manager and Chuck Rugila is the field superintendent from PREMIER Design + Build Group, and RLC Architects is providing architectural services. Samantha Cristiano, Tony Hoover and Larry Genet of CBRE are the leasing agents for the project. Flynn Engineering is the civil engineer, and DDA is providing structural engineering services. PREMIER Design + Build plans to deliver the projects in the spring of 2017.

August 10, 2016

adidas-speedfactory-atlanta-cherokee-county

Georgia Industrial Southeast Top Stories

Adidas to Open Shoe Factory in Metro Atlanta, Move Production from Asia

by Haisten Willis August 10, 2016

ATLANTA — German sportswear brand Adidas has announced plans to open a new footwear production site in the Atlanta area in 2017, eventually bringing part of the company’s manufacturing from Asia to the United States. The facility, which will be known as adidas Speedfactory, is designed to allow the company to create products more quickly and closer to U.S. consumers using a highly automated process. The 74,000-square-foot facility will be located in Cherokee County, a suburban area roughly 30 miles northwest of Atlanta. It is scheduled to open in the second half of 2017 and will produce 50,000 pairs of shoes a year while employing 160. The U.S. factory will complement another Speedfactory facility operating in Germany. Adidas’ strategic partner Oechsler will operate both the U.S. and German facilities. Adidas is headquartered in a small town in Bavaria. The company is publicly traded on the Frankfurt Stock Exchange under the symbol ADS. Its parent company, Adidas Group, includes several other sports-goods brands such as Reebok and TaylorMade. — Haisten Willis

August 10, 2016

Industrial Michigan Midwest

Colliers Brokers Sale of 107,780 SF Industrial Facility Near Ann Arbor

by Christina Cannon August 9, 2016

SALINE, MICH. — Colliers International has brokered the sale of a 107,780-square-foot industrial building in Saline, approximately 10 miles south of Ann Arbor, for an undisclosed price. PICC Properties LLC sold the facility to American Soy Products, which will use the location as its new headquarters. The warehouse was formerly occupied by Associated Spring. The buyer plans to move into the space during the first quarter of 2017 after the building undergoes renovations. Peter E. Kepic and Peter J. Kepic of Colliers International represented the seller in the transaction. The property is located at 1445 Barnes Court.

August 9, 2016

Industrial Multifamily Office Retail Texas

Coldwell Banker Commercial Alliance DFW Inks Merger with Coldwell Banker Affiliates

by Haisten Willis August 9, 2016

ARLINGTON, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation. Going forward, the brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors). The merger enables the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. Senior management in metro Dallas includes chief operating officer Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, along with seven support staff. The firm is headquartered at 255 N. Center St. in Arlington, and has a Fort Worth office at 1300 S. University Drive. The Dallas office has just completed the process to join the network, which totals 30 offices nationally.

August 9, 2016

Industrial Texas

Lee & Associates Negotiates 38,400 SF Industrial Lease in Grand Prairie

by Haisten Willis August 8, 2016

GRAND PRAIRIE, TEXAS — Lee & Associates has completed a new lease transaction for a 38,400-square-foot industrial space located at 1205 Post & Paddock in Grand Prairie. Reed Parker and Tom Walrich of Lee & Associates’ Dallas/Fort Worth office represented the landlord, Prologis. Canon Shoults and Matt McWilliams of Holt Lunsford Commercial represented the tenant, Omnilife USA Inc.

August 8, 2016

Illinois Industrial Loans Midwest

Mission Capital Advisors Arranges $19.3M in Financing for Eight Industrial Properties in Chicago

by Christina Cannon August 8, 2016

CHICAGO — Mission Capital Advisors has arranged $19.3 million in non-recource financing for eight industrial properties in Chicago. The financing consists of a $14.4 million bridge loan for six industrial properties and a $4.9 million acquisition loan for two additional properties. Hackman Capital Partners is the borrower. The portfolio of six properties totals 906,984 square feet and is 89 percent leased. The two additional properties, which total 195,436 square feet, were acquired in a sale-leaseback deal with Cenveo Corp. Gregg Applefield, Alex Draganiuk and Lexington Henn of Mission Capital Advisors arranged the loans.

August 8, 2016

Illinois Industrial Midwest

HSA Commercial to Develop 152,122 SF Industrial Building in Metro Chicago

by Christina Cannon August 8, 2016

WOODRIDGE, ILL. — HSA Commercial Real Estate will develop a 152,122-square-foot speculative distribution center in Woodridge, approximately 30 miles southwest of Chicago. The Class A facility will serve as the final phase in HSA Commercial’s Park 355 development, a 500,00-square-foot project that is situated on 37 acres. The building, to be located at 2141 Internationale Parkway, is expected to come on line next March. Construction starts later this month. The building will include 30-foot clear heights, three drive-in doors and 15 truck docks.

August 8, 2016

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