Industrial

CBRE Arranges Sale/Leaseback Between Hilti, Educational Development Corp. in Tulsa

by Haisten Willis December 2, 2015

TULSA, OKLA. — CBRE Capital Markets’ Investment Properties has arranged the sale of a complex including 180,000 square feet of warehouse space and 220,000 square feet of office space at the Hilti North America Operations Center in Tulsa. Educational Development Corp. (EDC), an educational children’s book publishing company based in Tulsa, purchased the warehouse and office space from Hilti for an undisclosed price. Hilti will lease back 180,000 square feet of the office space to house its North America Operations Center, which includes customer service, accounting, training and other functions. Hilti will continue to be located in Tulsa after the company’s headquarters relocated to Plano, Texas in June. Located at 5404 S. 122 E. Ave., the remaining 221,000 square feet will house EDC’s new headquarters, including a 180,000-square-foot warehouse operation. Adam Rumsey, Bob Pielsticker, Angela West and Matt Reese of CBRE represented the seller. EDC sells children’s books, including Usborne Books and the Kane Miller line of international children’s titles, through a sales organization of independent consultants, through 5,000 retail stores and online. Hilti is a manufacturer and supplier of tools and fastening systems.

December 2, 2015

Lee & Associates Houston Adds 17 Industrial Brokers to Roster

by Haisten Willis December 1, 2015

HOUSTON — A group of 17 industrial specialists from The National Realty Group (TNRG) have joined Lee & Associates Houston. With this addition, the Houston office of Lee & Associates, the largest broker-owned commercial real estate firm in the nation, increases its brokerage team to 28 members. “I am incredibly excited about what this means to our office and our national outreach,” says Chris Lewis, managing partner of Lee & Associates Houston. “The transition to Lee & Associates Houston has been an amicable split by both the brokers and TNRG, and we anticipate our relationship with TNRG to remain strong and fruitful.” Jeffrey Rinkov, CEO of Lee & Associates, echoed Lewis’ comments. “This is one of the single-largest broker moves in our company’s history,” says Rinkov. “To have the opportunity to gain this much expertise and experience is incredibly satisfying. I am looking forward to the dynamics this team will bring to not only our Texas brokerage but our national network, as well.” Mike Spears, former president of TNRG Brokerage Services, will serve alongside Lewis as the co-managing principal of the Houston office. Spears was the catalyst in the decision and managed the transition, according to Lee & Associates. “TNRG, which …

December 1, 2015

Illinois Industrial Midwest

NelsonHill Arranges Lease of 122,000 SF Industrial Property in Chicago

by Christina Cannon December 1, 2015

CHICAGO — NelsonHill has arranged a 122,000-square-foot industrial lease in Chicago. The facility is located at 1200 W. Cermak Road and features new lighting, loading docks, 18-foot clear heights and parking. The entire facility was leased in six transactions. Tenants in the property include Fastenal Co., Shyp Inc., MakeSpace, Windy City Greens, Gourmet Gorilla and Sherwin-Williams. Michael Nelson and Mark Nelson of NelsonHill arranged the transactions.

December 1, 2015

Industrial Midwest Wisconsin

The Barry Co. Brokers Sale of 8,000 SF Industrial Property in Milwaukee Suburb

by Christina Cannon December 1, 2015

WEST ALLIS, WIS. — The Barry Co. has brokered the sale of an 8,000-square-foot industrial property in West Allis, a western Milwaukee suburb. Milwaukee Alarm Co. purchased the facility located at 2241 S. 116th St. from Cardinal Two LLC for an undisclosed price. Kevin Barry of The Barry Co. represented the buyer in the transaction. Travis Tiede of NAI/MLG Commercial represented the seller.

December 1, 2015

Industrial Texas

Advanced Flooring & Design Opens Distribution Center in Plano

by Haisten Willis November 30, 2015

PLANO, TEXAS — Advanced Flooring & Design, headquartered in Montgomeryville, Pa., has opened its first distribution center west of the Mississippi River, signing a long-term lease for 20,682 square feet in Plano. Advanced Flooring & Design has set up shop in Jupiter Center Building B, a 72,388-square-foot warehouse located at 2901 Technology Drive. Clint Manning and Brian Pafford of Dallas-based Bradford Commercial Real Estate Services represented the tenant. Advanced Flooring & Design has distribution centers in nine states and design studios in four. Jupiter Center will be used for distribution of floor coverings, countertops, window coverings and sheet vinyl. Paul Tichacek of JSC Realty & Investments represented the landlord, Property Reserve Inc.

November 30, 2015

Industrial Texas

NAI Partners Arranges Sale of 45,000 SF Industrial Building in Houston

by Haisten Willis November 30, 2015

HOUSTON — NAI Partners represented Foxmark Corp. in the acquisition of a 45,000-square-foot industrial building located on 6.5 acres at Mason Creek Business Park in Houston. The building will be used for manufacturing as well as a gallery showroom. Foxmark Corp. manufactures and delivers image and visual solutions. Lane Morgan with NAI Partners represented Foxmark Corp. during the negotiations, while Darryl Noon of Transwestern represented the seller, Transwestern Development.

November 30, 2015

Georgia Industrial Southeast

Gramercy Property Trust Acquires Two Industrial Buildings in Metro Atlanta for $12.5M

by John Nelson November 30, 2015

NORCROSS, GA. — Gramercy Property Trust Inc., a publicly traded REIT, has purchased two industrial buildings totaling 222,100 square feet in Norcross, a suburb of Atlanta in Gwinnett County. The properties were acquired all-cash for a purchase price of $12.5 million and have a weighted average remaining lease term of 8.9 years. One of the warehouses spans 142,100 square feet and is leased to a producer, servicer and supplier of diesel and gasoline engines. The second warehouse, comprising 80,000 square feet, is leased to the country’s largest distributor of tools, equipment and machinery to the stone fabrication industry.

November 30, 2015

Arizona Industrial Western

Tesla Motors Leases Tempe Facility

by Nellie Day November 25, 2015

TEMPE, ARIZ. — Tesla Motors has agreed to lease a 42,281-square-foot facility in Tempe. The free-standing building is located at 2077 E. University Drive. This is Tesla’s second Phoenix Valley location, in addition to its retail showroom at Scottsdale Fashion Square. Wentworth Property Co. recently purchased the property for $3.6 million. Andy Markham of Cushman & Wakefield represented the buyer in the transaction. Dave Johnson and Jerry Marrell of Lee & Associates represented the seller, Essex-Scot LLC, a window manufacturer that previously occupied the facility until it outgrew the space.

November 25, 2015

Industrial Texas

Aligned Data Centers Opens New Facility in Plano

by Haisten Willis November 25, 2015

PLANO, TEXAS — Aligned Data Centers, a division of Aligned Energy, has opened a new data center in Plano. The Aligned Plano data center, situated on a 19-acre campus at 2800 Summit Ave., offers 108,000 square feet and 12.5 megawatts of power. When complete, the site will provide 300,000 square feet and 30 megawatts.

November 25, 2015

Industrial Office Texas

NAI Partners Represents Tool-Flo Manufacturing in Land Purchase for New Facility

by Haisten Willis November 25, 2015

PEARLAND, TEXAS — NAI Partners represented Tool-Flo Manufacturing in the acquisition of 15 acres to build an 80,000-square-foot metal machining facility and office located in the Spectrum Business Park in Pearland. Tool-Flo Manufacturing began operation in Houston in January 1978. The company serves the carbide threading and grooving market globally. Tool-Flo employs manufacturer’s representatives to cover the United States and to service the U.S. distributor network. The markets Tool-Flo serves include automotive, aerospace and medical and oil industry products and basic domestic manufacturers. Dan Boyles Jr. and Lane Morgan of NAI Partners represented the buyer, Tool-Flo Manufacturing, during the negations, while Justin Patchen of Urban Meridian Group represented the seller, Spectrum 86 Partners.

November 25, 2015

Newer Posts

Older Posts