Industrial

Cabot Properties to Develop 322,853 SF Industrial Space in Metro Dallas

by Haisten Willis September 16, 2015

GRAND PRAIRIE, TEXAS — Cabot Properties, a private equity real estate investment firm, has purchased an 18.4-acre site in Grand Prairie. Cabot, along with Stream Realty, plans to develop two Class A industrial buildings totaling 322,853 square feet designed to accommodate tenants from 30,000 to 175,000 square feet. The project is located at the intersection of Roy Orr and Trinity boulevards in Dallas’ Great Southwest industrial submarket. Stream Realty will develop and lease the new project branded Trinity Crossing. Steve Riordan of Stream’s construction division will oversee the project. The project is expected to break ground this month and will deliver in the second quarter of 2016.

September 16, 2015

Lee & Associates Negotiates 46,020 SF Industrial Lease in Metro Dallas

by Haisten Willis September 16, 2015

ARLINGTON, TEXAS — Lee & Associates has completed a lease transaction for 46,020 square feet of industrial space located at 714-720 107th St. in Arlington. Mark Graybill of Lee & Associates’ Dallas/Fort Worth office represented the landlord, Lightning Propco III LLC. Michael Chiocca of CBRE represented the tenant, Sunrise Wood Designs LLC.

September 16, 2015

California Industrial Loans Western

Partners Capital Property Provides $3.4M Acquisition Financing for Industrial Facility in Downtown LA

by Nellie Day September 15, 2015

LOS ANGELES — Partners Capital Property has provided a $3.4 million bridge loan for the acquisition of a 245,000-square-foot industrial facility in downtown Los Angeles’ Arts District. The two-building property is situated on four acres. Bobby Khorshidi of Partners Capital Finance arranged the deal. It allowed the borrower to acquire the property. The site was under a long-term escrow.

September 15, 2015

Industrial New York Northeast

Kalmon Dolgin Affiliates Brokers $4.5M Sale of Former Junior’s Cheesecake Baking Facility in Queens

by Amy Works September 15, 2015

NEW YORK CITY — Kalmon Dolgin Affiliates has arranged the sale of an industrial property located at 58-44 Maurice Ave. in the Maspeth area of Queens. The former baking facility of Junior’s Cheesecakes of Flatbush Avenue sold for $4.5 million. The building is split into 14,000 square feet on the ground level, a 1,500-square-foot mezzanine storage area and 1,500 square feet of office space on the mezzanine. The buyer, Quality Installation NY Inc., plans to use the space for the warehousing and manufacturing of furniture and workstation products and repairs. Grant Dolgin and Dmitri Gourianov of Kalmon Dolgin represented the seller, Let it Be Realty LLC, while DY Realty represented the buyer, Quality Installation NY Inc.

September 15, 2015

Industrial Midwest Ohio

NorthMarq Capital Arranges $1.4M Acquisition Financing for Industrial Property

by Christina Cannon September 15, 2015

SPRINGDALE, OHIO — Susan Branscome of NorthMarq Capital has arranged acquisition financing of $1.4 million for POWER Engineers. The industrial property 20 miles north of Cincinnati is 32,270 square feet and is located at 11733 Chesterdale Road in Springdale. NorthMarq arranged financing for the borrower, Al. Neyer LLC. The seven-year loan includes 17-year amortization schedule.

September 15, 2015

Industrial Michigan Midwest

Friedman Brokers Sale of 15,660 SF Industrial Building north of Detroit

by Christina Cannon September 15, 2015

FARMINGTON HILLS, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 15,660-square-foot industrial building located at 2410 Monroe St. PT Unlimited LLC purchased the building from Monroe Bank and Trust. Greg Hornby of Friedman represented both the buyer and the seller in the transaction.

September 15, 2015

California Industrial Loans Western

Partners Capital Solutions Provides $16M Construction Loan for California Industrial Park

by Nellie Day September 14, 2015

ONTARIO, CALIF. — A new industrial park that will be situated adjacent to Ontario International Airport has received a $16 million construction loan. The funds will finance the development’s ground-up construction. The borrower was Mission Grove Partners. The loan was provided by Partners Capital Solutions.

September 14, 2015

Arizona Industrial Western

Evergreen Industrial Properties Buys Chandler Manufacturing Facility

by Nellie Day September 10, 2015

CHANDLER, ARIZ. — Evergreen Industrial Properties has purchased a 96,000-square-foot manufacturing facility in Chandler for an undisclosed sum. The facility is located at the nexus of the I-10 Maricopa and the Loop 202 San Tan freeways. It was built in 1978. Evergreen plans to reposition the building with a new spec oﬃce, lights in the warehouse and additional loading doors. Matt McDougall of Lee & Associates represented Evergreen. Jones Lang LaSalle represented the seller, Schneider-Chandler.

September 10, 2015

Industrial Massachusetts Northeast

Liberty Properties Adds New Tenant at New Bond Business Park

by Amy Works September 10, 2015

WORCESTER, MASS. — Liberty Properties has executed a 74,000-square-foot lease with A. Schulman Inc. at New Bond Business Park at 10 New Bond St. in Worcester. The international supplier of high-performance plastic compounds and resins will use the facility as a warehouse supporting its primary operation located on Millbrook Street in Worcester. The building is in the process of undergoing a complete renovation of the existing 225,000 square feet of remaining space. The renovation includes new HVAC systems, roof, flooring and façade, as well as renovated loading areas. Construction is underway, with phased occupancy beginning in September 2015. James Umphrey and David Cohen of Kelleher & Sadowsky Associates represented both the landlord and tenant in the transaction.

September 10, 2015

Industrial Texas

Amazon to Open Fulfillment Center in Austin/San Antonio Corridor

by Katie Sloan September 10, 2015

SAN MARCOS, TEXAS — Amazon has acquired a 100-acre site on McCarty Lane in San Marcos to develop an 855,000-square-foot fulfillment center. This will be Amazon’s fifth fulfillment location in Texas. Kit Corbin of Endura Advisory Group represented the undisclosed seller, and Ed Cross of San Antonio Commercial Advisors represented the buyer in the transaction. The city of San Marcos and the Texas Department of Transportation will cooperate with the developer of the Amazon facility to provide road improvements. Atlanta-based Seefried Industrial Properties Inc. is overseeing the project, alongside Houston-based engineering firm Jones & Carter Inc., according to reports by the Austin Business Journal. The fulfillment center will be completed in early 2017 and is expected to create more than 1,000 permanent jobs when fully staffed.

September 10, 2015

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