Industrial

Tulfra Tops Out Industrial Building As Part of $10M Repositioning in New Jersey

by Amy Works August 31, 2015

CLIFTON, N.J. — Tulfra Real Estate has topped out an industrial building, raising the roof to a 27-foot clear height, as part of a $10 million repositioning. Located at 65 Industrial South St., the 202,000-square-foot building includes 28,000 square feet of built out office space. Tulfra plans to reposition the well-located, former Glaxo building for single-tenant use. Constructed in 1956, the single-story building previously underwent a renovation in 2014. Situated on 11 acres, the property offers access to Route 3, the New Jersey Turnpike and Garden State Parkway.

August 31, 2015

Industrial New York Northeast

Cushman & Wakefield Arranges $6M Sale of South Bronx Warehouse Building

by Amy Works August 31, 2015

NEW YORK CITY — Cushman & Wakefield has brokered the sale of a warehouse building located at 521 Bergen Ave. in the South Bronx. The six-story, 44,070-square-foot warehouse sold for $6 million, or $136 per square foot, in an all-cash transaction. The property, which is zoned for both commercial and residential use, features a freight elevator and full basement. Nick Burns and David Simone of Cushman & Wakefield handled the transaction. The names of the seller and buyer were not released.

August 31, 2015

Illinois Industrial Midwest

CenterPoint Properties Sells 263,668 SF Industrial Building in Franklin Park

by Amy Works August 31, 2015

FRANKLIN PARK, ILL. — CenterPoint Properties has completed the sale of an industrial building located at 2425-2553 Edington St. in Franklin Park. A private investor, which is expanding its portfolio, acquired the 263,668-square-foot property for an undisclosed price. Situated on 13.4 acres, the property features heavy electric power, heavy loading, food-grade cooler space and close proximity to North and Grand avenues. Rick Daly, Noel Liston and Jeff Provenza of Darwin Realty & Development Corp. represented the seller, while Larry Goldwasser and Colin Green of Cushman & Wakefield represented the buyer in the transaction. Prior to the sale, Sutton Transport signed a 52,000-square-foot lease within the building at 2553 Edington St. The leased space features 12 docks, one drive-in door, interior floor drains and cooler space. Daly and Provenza of Darwin represented the landlord, CenterPoint Properties, in the lease transaction. Daly also represented the tenant in the transaction.

August 31, 2015

Illinois Industrial Midwest

AIC Ventures Acquires Industrial Portfolio in Chicagoland for $14.1M

by Amy Works August 31, 2015

CHICAGO — AIC Ventures has acquired a six-building portfolio of distribution properties located in Chicago and the surrounding suburbs. The fully occupied, triple-net leased portfolio sold for $14.1 million. All of the properties have recent long-term, triple-net leases. Timothy McJilton and Brett Rodgers of Marcus & Millichap’s Chicago O’Hare office represented the undisclosed seller, while Patrick Dollaghan provided in-house representation for AIC Ventures in the transaction.

August 31, 2015

California Industrial Western

The Crossings @ 880 Industrial Project Changes Hands in San Francisco

by Nellie Day August 28, 2015

SAN FRANCISCO — A New York-based fund has acquired the Crossings @ 880, a 700,000-square-foot industrial project in San Francisco. The development is located near Interstate 880 and Dixon Landing Road in the Fremont submarket. The price was not disclosed. Construction commenced on the Crossings @ 880 last year. It was completed in the first quarter of this year. Notable tenants include Apple and Living Spaces. CBRE’s Rob Shannon, Darla Longo, Joe Kelly and Bob Ferraro represented the seller, Overton Moore Properties (OMP). OMP’s legal advisor was Elkins Kalt Weintraub Reuben Gartside LLP.

August 28, 2015

Industrial Iowa Midwest

Binswanger Brokers Sale of 107,070 SF Manufacturing Facility in Iowa

by Amy Works August 28, 2015

BELLE PLAINE, IOWA — Binswanger has brokered the sale of a manufacturing facility located at 200 Industrial Park Blvd. in Belle Plaine, approximately 87 miles east of Des Moines. The 107,070-square-foot property, formerly a Benco Manufacturing facility, sold to Frontier Natural Products Co-op for an undisclosed price. The natural and organic food products wholesaler and distributor plans to use the facility as a food processing and distribution site. Gerry Norton and Jake Thomas of Binswanger’s Minneapolis office represented the seller, Granite REIT, in the transaction.

August 28, 2015

Industrial Midwest Ohio

Irvine Wood Recovery Buys Industrial Building in Lockland, Ohio

by Amy Works August 28, 2015

LOCKLAND, OHIO — Irvine Wood Recovery has acquired an industrial building located at 531 N. Wayne Ave. in Lockland, a suburb of Cincinnati. T&R Janszen sold the 97,000-square-foot property for $850,000. Situated on nearly nine acres, the property features heavy electrical services, nine docks and one drive-in door. Jeff Bender of DTZ represented the buyer in the transaction.

August 28, 2015

Florida Industrial Southeast

Newmark Grubb Phoenix Realty Arranges 208,000 SF Industrial Lease in Florida

by John Nelson August 28, 2015

GREEN COVE SPRINGS, FLA. — Newmark Grubb Phoenix Realty Group has arranged a 208,000-square-foot industrial lease at 4627 JP Hall Blvd. in Green Cove Springs, a town located along the St. Johns River roughly 33 miles south of Jacksonville. Santa Paula, Calif.-based Calavo Growers leased the space at the 793,583-square-foot, multi-tenant warehouse and cold-storage distribution facility, which is located on a 141-acre tract and is rail-served by CSX. John Richardson and Bryan Bartlett of Newmark Grubb Phoenix Realty represented the landlord, Green Cove LLC, in the lease deal. Kevin Kelly of CBRE represented Calavo Growers. The deal is expected to bring 262 new jobs to the area.

August 28, 2015

Industrial Nevada Western

Shred-It Corp. Leases Industrial Space in Las Vegas

by Nellie Day August 27, 2015

LAS VEGAS – Shred-It Corp. has leased 22,000 square feet of industrial space in Las Vegas. The facility is located at 4524 Lawrence Street in North Las Vegas. It was built in 1998 for the U.S. Corp of Engineers and the U.S. Army Reserves. The new 10-year lease was executed by Curtis Sanders of Cushman & Wakefield | Commerce.

August 27, 2015

Indiana Industrial Midwest

Fullbeauty Brands Inc. Renews 741,092 SF Lease in Plainfield, Ind.

by Amy Works August 27, 2015

PLAINFIELD, IND. — WPT Industrial REIT has renewed its lease with Fullbeauty Brands Inc. for the single-tenant property located at 3003 Reeves Road in Plainfield. The online retailer has renewed its 741,092-square-foot lease for five years at a renewal rate that exceeds in-place rental rates. The lease expires on August 31, 2021, and extends the REIT’s overall weighted average lease term to just over four years. Built in 2003, the property features 36-foot clear ceiling heights, an ESFR sprinkler system, and metal halide and T-5 lighting, as well as ample dock doors and trailer/auto parking.

August 27, 2015

Newer Posts

Older Posts

Upcoming Events

Aug
18