Industrial

California Clothing Manufacturer Relocating to Austin

by Haisten Willis July 16, 2015

AUSTIN, TEXAS — Fashion Forms, a producer of specialty bras and accessories in the U.S., Canada and Europe, is relocating to northwest Austin from Ventura, Calif., in August. Founded by Ann Deal in 1993, Fashion Forms produces products that aim to help women wear any look with comfort, confidence and style. The company holds 14 patents and 18 trademarks for designs and Fashion Forms products are sold in more than 9,000 stores worldwide. The firm will move into a mix of office and warehouse space totaling 90,000 square feet at McNeil 1, located at 12317 Technology Blvd. Mark Emerick, John Barksdale and Darryl Dadon of CBRE’s Austin office represented the landlord, PS Business Parks. Fashion Forms represented itself in lease negotiations. McNeil 1 is now 79 percent leased.

July 16, 2015

Illinois Industrial Midwest Office

GlenStar Begins Rooftop Construction on Chicago Board of Trade Building

by Jonathan Mehall July 16, 2015

CHICAGO — Owner and developer GlenStar Properties has begun construction on a new rooftop terrace on the 23rd floor of the Chicago Board of Trade Building complex. The 4,300-square-foot deck will be located on the east side of the south building. It will accommodate up to 150 guests and feature a 20-foot illuminated water wall with bubblers, a 10-foot illuminated planter with bubbler, Cozumel curver sofas and sectionals, leather benches and wood deck tiling. The project is slated for completion later this year. Since acquiring the building, GlenStar has embarked on a significant capital campaign aimed at breathing new life into the landmark property and attracting a more diverse tenant base.

July 16, 2015

Industrial Loans Northeast Pennsylvania

Kennedy Funding Closes $3.4M Loan for Multi-Building Industrial Property

by Amy Works July 16, 2015

FRANKLIN COUNTY, PA. — Kennedy Funding Financial LLC has closed a $3.4 million loan for a multi-building industrial property located in Franklin County. The two-year interest-only loan was secured by Foremost Realty Holdings, an affiliate of Foremost Industries. The lender was Foremost Realty Lender and the funding will be serviced by Kennedy Funding. The undisclosed borrower will use the proceeds to pay off an existing mortgage and secure a first lien. The collateral consists of a 260,000-square-foot, three-building property situated on 52.6 acres at 6100 Buchanan Trail West in Montgomery and Peters Townships, Franklin County.

July 16, 2015

Industrial Nevada Western

Bi Nutraceutical Leases 140,000 SF Distribution Space Near Reno

by Nellie Day July 16, 2015

RENO, NEV. – Bi Nutraceutical has leased a 140,000-square-foot distribution space in the Reno submarket of McCarran. The space is located at 625 Waltham Way, within the Tahoe-Reno Industrial Center. Nutraceutical is the largest supplier of botanical ingredients in the U.S. The landlord, Global Logistic Properties, was represented by J. Michael Hoeck, Dave Simonsen, Steve Kucera and Michael Nevis of the NAI Alliance Industrial Properties Group.

July 16, 2015

California Industrial Western

Ferguson Enterprises Leases Distribution Space in San Leandro

by Nellie Day July 16, 2015

SAN LEANDRO, CALIF. – Ferguson Enterprises has leased a 157,324-square-foot warehouse and distribution building in the Oakland submarket of San Leandro. The Class A facility is located at 1936 Fairway Drive. Ferguson has also leased a contiguous 5.8-acre parcel for its laydown yard. Once completed, it will be the residential plumbing supply company’s largest distribution hub in the region. The landlord is Prologis.

July 16, 2015

Industrial Texas

KDW Begins Construction on Industrial Facility in Metro Austin

by Haisten Willis July 15, 2015

TAYLOR, TEXAS – The Taylor Economic Development Corporation (TEDC) held a groundbreaking ceremony for the construction of its new 50,000 square-foot industrial/manufacturing facility in Mustang Creek Industrial Park on July 9. Houston-based KDW is the designer and contractor of the property. The building will be available for occupancy before the end of 2015. The TEDC has started marketing the space both locally and nationally with the hopes of finding a tenant as soon as possible. TEDC plans to build a total of three buildings of this size and fill them within the next 60 months.

July 15, 2015

Industrial Texas

Ridge Development, Prudential Sell 164-Acre Site to Van Trust Real Estate

by Haisten Willis July 15, 2015

LANCASTER, TEXAS — Ridge Development, the industrial development arm of Transwestern Development Co., has entered a joint venture with Prudential Financial Inc. called Ridge South Dallas I LLC. The joint venture has sold a 164-acre site in the Ridge Logistics Center South Dallas to Van Trust Real Estate LLC. Located at the northeast corner of Dallas Avenue and Telephone Road in Lancaster, the tract was sold for an undisclosed amount. Van Trust Real Estate, which was represented internally in the transaction, plans to develop big-box, speculative bulk industrial buildings on the site. CBRE’s Jack Fraker represented Ridge South Dallas.

July 15, 2015

Industrial Texas

Bellomy & Co. Arranges Sale of Self-Storage Facility in Metro Dallas

by Haisten Willis July 15, 2015

ARLINGTON, TEXAS — Bellomy & Co. has arranged the sale of Mansfield Webb Road Self Storage in Arlington. The property consists of 161 climate-controlled, non-climate-controlled and parking units in 21,760 net rentable square feet. The facility occupies three acres with room for expansion and was 70 percent occupied at closing. Bill Bellomy, Michael Johnson, John Owens and John Arnold of Bellomy & Co. marketed the property on behalf of the Omaha, Neb.-based seller. Bellomy & Co. is headquartered in Austin and has offices in Houston, Lubbock and Atlanta.

July 15, 2015

Industrial New Jersey Northeast

Peak Construction Selected to Build 545,000 SF Industrial Build-to-Suit in New Jersey

by Amy Works July 15, 2015

BURLINGTON, N.J. — Clarion Properties and MRP Industrial have selected Des Plaines, Ill.-based Peak Construction to build Building One within Burlington Industrial Park in Burlington. The 545,000-square-foot build-to-suit warehouse will feature 36-foot clear heights, redundant electrical and diesel fuel fire pump sprinkler systems, and LED light fixtures. Designed to achieve LEED Silver certification, the project is slated for completion in April 2016. The distribution warehouse facility is a full build-to-suit tenant improvement for an undisclosed client.

July 15, 2015

Industrial Texas

Central Wire Purchases Industrial Building in Houston

by Haisten Willis July 14, 2015

HOUSTON — Central Wire Inc. has purchased a 30,000-square-foot, crane-ready industrial building on nine acres located at Kieth Harrow Boulevard and Barker Cypress in Houston. The property is known as Bear Creek Industrial Park. The general contractor, Finial Development & Construction, is building the development on spec. Keith Bilski, Neil Martin and Mike Sperandio, with Finial’s in-house brokerage company, represented the seller, FDC Bear Creek LP, in the transaction. Janae Evans and Joe Evans of Evtex Cos. represented the buyer. Central Wire is a producer of specialty wire products.

July 14, 2015

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