Industrial

Bridge Point Crossroads West Hialeah Gardens

PREMIER Design + Build to Construct Industrial Facility in South Florida

by John Nelson July 10, 2015

HIALEAH GARDENS, FLA. — Bridge Development Partners LLC has tapped PREMIER Design + Build LLC to construct Bridge Point Crossroads West. The general contractor will build the 242,859-square-foot speculative industrial facility on a 17-acre parcel in Hialeah Gardens, roughly 15 miles north of Miami. The facility will feature 32-foot clear heights, 81 truck dock positions, two drive-in doors, an ESFR sprinkler system, 227-stall parking lot and a TPO roofing system. RLC Architects is designing the facility, which is scheduled for a second quarter 2016 completion. Gian Rodriguez and Wayne Ramoski of Cushman & Wakefield are providing leasing services for the project. Bridge Development Partners has also tapped PREMIER to construct Bridge Point Crossroads East and South, a four-building industrial complex.

July 10, 2015

Industrial Oregon Western

Subaru of America to Lease 600,000 SF Facility in Oregon

by Nellie Day July 10, 2015

PORTLAND, ORE. — Subaru of America has announced its plans to lease 600,000 square feet at Gresham Vista Business Park, just east of Portland. The new facility will be developed at the intersection of NE 38th Drive and NE 242nd Drive. The space will break ground this August. Subaru is scheduled to occupy the facility in October 2016. The 220-acre Gresham Vista Business Park is situated at the Port of Portland. The new space is being developed by a joint venture between Trammell Crow Company and a commingled fund managed by Clarion Partners. This is the second development Trammell Crow has handled for Subaru on port-owned property. It is also the largest development at Gresham Vista since the property was acquired by the port in 2011, according to Trammell Crow. The new space will allow Subaru to relocate its master distribution facility, which serves regional facilities from Japan to Portland. The facility will sit on 40 acres, which will also allow for future expansion of up to 236,000 square feet. Subaru’s existing 413,900-square-foot regional distribution center in the Port’s Rivergate Industrial Park will continue to operate.

July 10, 2015

Industrial Midwest Missouri

Hilliker Corp. Arranges 5,250 SF Lease in Chesterfield, Mo.

by Jonathan Mehall July 9, 2015

CHESTERFIELD, MO. — St. Louis-based Hilliker Corp. has arranged a 5,250-square-foot lease for B&G Industries, a material handling solution provider. The company relocated to 717 Crown Industrial Court from 744 Spirit of St. Louis Blvd. in Chesterfield. The new location offers 1,500 square feet of office space and 3,750 square feet of warehouse storage space. Will Aschinger of Hilliker represented the tenant, while Scott Properties represented the landlord, Scott Family Properties, in the transaction.

July 9, 2015

Industrial Texas

CBRE Arranges Sale of Industrial Portfolio in Metro Austin

by Haisten Willis July 9, 2015

ROUND ROCK, TEXAS — CBRE has arranged the sale of five freestanding tilt-wall industrial buildings in the Forest Commons Business Park at 3912 – 3920 Gattis School Road in Round Rock. Long View Equity Partners, an Austin-based real estate investment firm, acquired the assets from HOWMAT Development LP. Totaling 160,830 square feet, the buildings were designed and built by HOWMAT’s parent company, Central Texas Tiltwall LP, an Austin-based design-build firm. Long View expects the transaction to be immediately accretive for its third co-mingled investment fund. The facilities are 100 percent leased to a variety of industrial and flex office tenants. Long View plans to hold the property long-term. Greg Marberry of CBRE represented the seller in the transaction.

July 9, 2015

Illinois Industrial Midwest

Opus Group, USAA to Develop 423,725 SF Speculative Industrial Building in Suburban Chicago

by Jeff Shaw July 8, 2015

STREAMWOOD, ILL. — The Opus Group and USAA Real Estate Co. have unveiled plans for a 423,725-square-foot speculative industrial building located at 10 Falcon Court in Streamwood, approximately 35 miles northwest of Chicago. Located on 35 acres just off the Elgin O’Hare Expressway, the cross-docked warehouse will offer 32-foot clear heights, up to 88 exterior truck docks, up to 117 trailer parking stalls and 193 parking spaces with room for expansion. The site also offers quick access to O’Hare International Airport. Construction is expected to start this month and be completed by the end of this year.

July 8, 2015

Industrial Multifamily Office Retail Texas

Guy Arnold Named President of Hunt Real Estate

by Haisten Willis July 8, 2015

EL PASO, TEXAS — Guy Arnold has been named president of Hunt Real Estate. In this role, Arnold will be responsible for managing all aspects of Hunt’s real estate equity investment portfolio, including acquisitions and dispositions of real assets. Arnold has more than 25 years of real estate experience. In 2013, he founded GMA Holdings, a commercial real estate investment firm in Denver. Prior to that, Arnold served as president of Denver-based Dividend Capital Diversified Property Fund, where he led all functions of the $2.9 billion REIT, including property acquisitions, dispositions, asset management, finance, reporting, human resources and investor relations. Arnold also held the position of managing director at Cherokee Investment Partners and vice president at Colorado & Santa Fe Land Co. Arnold is a member of the Board of Directors of the Meridian Fund Inc., a family of mutual funds; a member of the Board of Directors for The Children’s Hospital of Colorado Finance Committee; chairman of the Trusts and Endowments Committee for the Episcopal Diocese of Colorado; and a former member of the Board of Directors of Steele Street Bank & Trust, a $550 million Denver community bank that recently sold to MidFirst Bank. Arnold earned a Bachelor …

July 8, 2015

Florida Industrial Southeast

McCraney Buys 66 Acres in Orlando for 1.1M SF Industrial Development

by John Nelson July 8, 2015

ORLANDO, FLA. — McCraney Property Co. has purchased 66 acres at the intersection of Taft Vineland Road and the Florida Turnpike, which is adjacent to the company’s existing Bent Oak Industrial Park in Orlando. The company plans to develop six buildings totaling 1.1 million square feet on the site. The project is officially Phase II of Bent Oak Industrial Park, which McCraney plans to deliver by the end of the second quarter of 2016. The design team for Phase II includes general contractor Edwards Construction Services Inc. and architect C4 Architecture LLC.

July 8, 2015

Industrial Texas

HFF Arranges Sale of Industrial Facility in Houston

by Haisten Willis July 7, 2015

HOUSTON — HFF has arranged the sale of 8451 Market St., a 120,810-square-foot industrial facility in Houston. HFF marketed the asset on behalf of the seller, Mayfield Properties LP. ATCAP Partners purchased the asset for an undisclosed amount and was assisted by HFF in arranging acquisition financing. The property is situated on five acres near the intersection of I-10 East and Loop 610 adjacent to the Budweiser beer plant and the Houston Ship Channel, six miles east of Houston’s central business district. The property features 24-foot ceiling heights and a 7.8 percent office build-out. Tenants at the fully leased facility include Santini Export Packaging Corp., who has been in continuous occupancy since the early 1980s, as well as Area Wholesale Tire and Interglobal Plastics. Rusty Tamlyn, Trent Agnew and John Rogers led the HFF investment sales team representing the seller. Brian Carlton led HFF’s debt placement team.

July 7, 2015

California Industrial Western

Santa Clarita Industrial Building Sells for $2.7M

by Nellie Day July 7, 2015

SANTA CLARITA, CALIF. – A 22,470-square-foot industrial building in the Los Angeles submarket of Santa Clarita has sold to Stanford Avenue Industrial LLC for $2.7 million. The building is located at 27822 Fremont Court. The seller, Neotech Products, will be relocating to a facility in nearby Valencia. The LLC was represented by Joel Hutak of Lee & Associates. The seller was represented by Trevor Gale and Jon Reno of Heger Industrial.

July 7, 2015

Arizona Industrial Western

Jack Travis Logistics to Relocate to Phoenix Industrial Space

by Nellie Day July 7, 2015

PHOENIX – Jack Travis Logistics has signed a lease for 20,000 square feet of industrial space in Phoenix. The new facility at 236 E. Pima Street will allow the modern freight shipping and logistics company to relocate from nearby Tempe. Its new space is within the Pima Distribution Center. Jack Travis was represented by John Grady and Jackie Orcutt of Cushman & Wakefield’s Industrial Properties group. The landlord, TPRF II/Pima Industrial LLC, was represented by Stein Koss and Tom Louer of Lee & Associates.

July 7, 2015

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