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Industrial

IllinoisIndustrialMidwest

St. Clair County Breaks Ground on $8.1M River Bridge District Project in East St. Louis, Illinois

by Kristin Harlow

EAST ST. LOUIS, ILL. — St. Clair County has started construction on the $8.1 million River Bridge District project. The project is focused on transforming a key section of the East St. Louis Riverfront to draw industry and jobs. This is the final piece of highway infrastructure improvements already made by state and federal partners, including the relocation of Illinois Route 3. A comprehensive overhaul of Front Street from Trendley Avenue in East St. Louis to where the road ends in Fairmont City is planned, as well as improvements to connecting roadways.

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IllinoisIndustrialMidwest

Venture One Acquires 51,773 SF Industrial Building in Woodridge, Ill.

by Kristin Harlow

WOODBRIDGE, ILL. — Venture One Real Estate has acquired a 51,773-square-foot industrial building in Woodridge, a suburb of Chicago. The sales price was not disclosed. The building, located at 10321 Werch Dr., is 75 percent occupied. Venture One acquired the building through its acquisition fund, VK Industrial III LP, a partnership between Venture One and Kovitz Investment Group. Jim Estus of Colliers International represented the seller in the transaction.

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IndustrialMichiganMidwest

Colliers International Arranges Sale of 16,848 SF Industrial Facility in Troy, Michigan

by Kristin Harlow

TROY, MICH. — Colliers International has arranged the sale of a 16,848-square-foot industrial facility located at 2701 Industrial Row Dr. in Troy. The sales price was not disclosed. The facility will serve as the new corporate headquarters for Goldfish Swim School Franchising LLC, a swim school expanding across the United States. Solid Concepts previously used the building as a manufacturing facility. Peter E. Kepic, Peter J. Kepic, Robert Badgero and Steven Badgero of Colliers International Detroit represented the buyer, Goldfish Swim School Franchising.

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IllinoisIndustrialMidwest

Cushman & Wakefield Arranges Sale of 94,682 SF Industrial Facility in Bloomingdale, Illinois

by Kristin Harlow

BLOOMINGDALE, ILL. — Cushman & Wakefield has arranged the sale of a 94,682-square-foot industrial facility located at 221 Covington Dr. in Bloomingdale, a western suburb of Chicago. The sales price was not disclosed. University Beauty Products Inc. purchased the recently renovated facility, which is located near the company’s headquarters in Glendale Heights. The facility sits within the Covington Corporate Center business park and features 19,115 square feet of premium Class A office space, 25-foot clear heights and five enclosed truck docks. Eric Fischer, Keith Puritz and Brett Kroner of Cushman & Wakefield represented Universal Beauty Products in the transaction. Jeff Fischer and Adam Naparsteck of NAI Hiffman represented the seller, High Street Realty Company LLC.

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IndustrialTexas

Lee & Associates Negotiates 63,000 SF Industrial Lease in McKinney, Texas

by Amy Works

MCKINNEY, TEXAS — Lee & Associates has arranged a 63,000-square-foot lease expansion and extension for Popular Ink at 2040 Redbud Drive in McKinney. Popular Ink offers custom flexible packaging printing for a variety of products, including sleeves, boxes, pouches and labels. Brett Lewis, George Tanghongs and Adam Graham of Lee & Associates represented the landlord, Dalfen, while Carey Cox Co. represented the tenant in the transaction.

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IndustrialTexas

Younger Partners Negotiates Sale of 80,199 SF Industrial Property in Arlington, Texas

by Amy Works

ARLINGTON, TEXAS — Younger Partners has brokered the sale of a three-building light industrial property located at 801-805 E. Avenue H in Arlington. C&L Partnership Ltd. acquired the 80,199-square-foot property from Avenue H Partners LLC for an undisclosed price. At the time of sale, the multi-tenant property was 97 percent occupied. Hahn Franklin-Mitchell of Younger Partners, along with Zane Marcell and Dustin Volz of JLL, represented the seller in the deal.

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IndustrialTexas

NGKF Negotiates Sale of 41.7-Acre Industrial Land Site in Baytown, Texas

by Amy Works

BAYTOWN, TEXAS — Newmark Grubb Knight Frank (NGKF) has brokered the sale of an industrial land site located at 850 Independence Parkway N. in Baytown. Avera Cos. acquired the 41.7-acre site at the entry of the Houston Ship Channel for an undisclosed price. The U.S. Army Corps of Engineers has permitted the land for four distinct lease areas, including the Barge Terminal and Fleeting Army, dredge material placement area, potential reclaimed land, and future fuel and deep-water terminal distribution facility. The land provides a deep-water terminal space with prominent pipeline corridor access. Doug Nicholson and Rob Stillwell of NGKF represented the undisclosed seller in the deal.

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IndustrialOklahomaTexas

CBRE Arranges $1.3M Acquisition of 16,456 SF Industrial Property in Okarche, Oklahoma

by Amy Works

OKARCHE, OKLA. — CBRE has arranged the acquisition of an industrial property located at 7180 NW Expressway in Okarche. Baptist General Convention of the State of Oklahoma purchased the 16,456-square-foot building from Felix OK Holdings LLC for $1.3 million. Randy Lacey of CBRE’s Oklahoma City office represented the buyer, while Scott Wieczorek of GBR Properties represented the seller in the transaction.

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IndustrialOfficeRetailTexas

NAI Robert Lynn Brokers Four Sales Totaling 120,722 SF in Texas

by Amy Works

DALLAS, CEDAR HILL, FORT WORTH AND WAXAHACHIE — NAI Robert Lynn has arranged the sales of four properties totaling 120,722 square feet in Texas. In the first transaction, Taxco Produce acquired an 111,263-square-foot building located at 4202 Dan Morton Drive in Dallas. Matt Elliot of NAI Robert Lynn represented the tenant in the deal. In the second transaction, Tom Heraty of NAI Robert Lynn represented U Need Nails & Tan LLC in the acquisition of a 3,559-square-foot building located at 101 E. Belt Line Road in Cedar Hill. In the third deal, Colt Power of NAI Robert Lynn represented CAP Software in the purchase of a 3,200-square-foot building located at 7250 W. Vickery Blvd. in Fort Worth. Eric Walsh of HGC Commercial represented the undisclosed seller in the transaction. In the final transaction, Tom Heraty of NAI Robert Lynn represented the Rocksteady LLC in the acquisition of a 2,700-square-foot building located at 503 N. Highway 77 in Waxahachie. Sandia Properties represented the undisclosed seller in the deal.

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IndustrialOklahomaTexas

Precision Parts & Remanufacturing Co. Leases 40,225 SF of Industrial Space in Oklahoma City

by Amy Works

OKLAHOMA CITY — Precision Parts & Remanufacturing Co. has signed a lease for 40,225 square feet of industrial space at 5201 W. Reno Ave. in Oklahoma City. Kris Davis of Newmark Grubb represented the landlord, Greene Ranch Enterprises Inc., while Randy Lacey of CBRE’s Oklahoma City office represented the tenant.

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