Industrial

Associated Bank Provides Two Loans Totaling $35.2M for Projects in Indiana and Minnesota

by Christina Cannon October 21, 2015

COLUMBUS, IND. AND MAPLE GROVE, MINN. — Associated Bank has provided two loans totaling $35.2 million for projects in Indiana and Minnesota. In the first project, LandMark Group Cos. took out a construction loan for a 391,355-square-foot manufacturing and distribution facility in Columbus, Ind. The second loan for $6.9 million was awarded to an affiliate of Westminster Capital to acquire and reposition a 97,368-square-foot office building located at 6820 N. Wedgewood Road in Maple Grove, Minn. The Class A building, built in 2005, was originally developed as a build-to-suit regional operations center with a commercial cafeteria for The Hartford, a Fortune 500 company. The investment and insurance giant consolidated operations at an existing office in Bloomington, Minn., and did not extend its lease. Edward Notz, senior vice president of Associated Bank, managed the transactions.

October 21, 2015

Illinois Industrial Midwest

Principle Construction Nears Completion on 70,000 SF Shipping Campus in Grayslake, Ill.

by Christina Cannon October 21, 2015

GRAYSLAKE, ILL. — Principle Construction Corp. is nearing completion on two new industrial buildings totaling 70,000 square feet in Grayslake, approximately 50 miles north of Chicago. The facilities will serve as an administrative, maintenance and shipping campus for SAIA LTL Truck Lines and will be located at 2260 S. Midlothian Road. The buildings will be ground-up construction situated on 33 acres. The first building will be a 51,000-square-foot structure that will include 100 truck docks, 16-foot clear heights and 9,560 square feet of office space. The second building will also feature 16-foot clear heights, 19,000 square feet of shop and maintenance space, a fueling facility, six trailer service bays, six tractor service bays and two wash bays. The 33-acre site will also include an automatic snow scraper, truck scale, and parking for 94 cars, 294 trailers, 34 tractors and 30 dollies. Principle broke ground earlier this year and expects construction to be completed in November. Ken Lattanzi of Principle is the project manager. Christian Architects is the project designer. Jim Kueck of Cushman & Wakefield is representing SAIA.

October 21, 2015

Industrial Midwest Wisconsin

The Dickman Co. Brokers Sale of 20,718 SF Industrial Building in Milwaukee Suburb

by Christina Cannon October 21, 2015

WEST ALLIS, WIS. — The Dickman Company Inc./CORFAC International has brokered the sale of a 20,718-square-foot industrial building in West Allis, a western Milwaukee suburb, for an undisclosed price. The property is located at 6309 W. Greenfield Ave. WFF I LLC purchased the building from Horizon Enterprises LLC. Cale Berg of The Dickman Co. represented the buyer. Nicholas Flemma of CBRE represented the seller.

October 21, 2015

Connecticut Industrial Northeast

O,R&L Commercial Arranges 10,640 SF Lease in Tile America Building

by Jaime Lackey October 20, 2015

NEW HAVEN, CONN. — Tenant Ducci Electrical Contractors and landlord 105 Hamilton LLC have signed a lease for 10,640 square feet of space at 105 Hamilton Street (Tile America Building) in New Haven. The space will accommodate Ducci’s warehousing and storage requirements for several new large multi-year projects in and around New Haven. The space also includes use of a secured outside yard for the storage of large machinery & equipment. Richard Guralnick of O,R&L Commercial was the sole broker in the transaction and represented both the landlord and tenant.

October 20, 2015

Industrial New Jersey Northeast

Bussel Realty Corp. Brokers 14,640 SF Lease in Bridgewater, New Jersey

by Jaime Lackey October 20, 2015

BRIDGEWATER, N.J. — SR International Rock, a wholesale marble and granite distributor, has leased 14,640 square feet at 7E Easy Street in Bridgewater, a 31,622-square-foot industrial facility. James Hodgkins, Jordan Metz, and Kevin Ranski of Bussel Realty Corp. represented the tenant in the transaction. 7E Easy Street is located near I -287 and Route 22. The property offers 14-foot ceiling heights, two drive-ins, eight loading docks, 1,200 amps of electric power, and 25 parking spaces.

October 20, 2015

Arizona Industrial Office Western

Harsch Buys Two Office/Industrial Buildings in Tucson

by Nellie Day October 20, 2015

TUCSON, ARIZ. — Harsch Investment Properties has purchased an office and flex industrial portfolio in Tucson for an undisclosed sum. The portfolio includes two buildings that total 190,000 square feet. The acquisition consists of the 60,000-square-foot Butterfield Corporate Plaza office/R&D flex property and the Tucson Airport Center, a 130,000-square-foot project with office and industrial tenants. Both properties are situated near Tucson International Airport and Interstate 10. CBRE’s Bill DiVito and Jesse Blum acted as the leasing agents for both properties. The seller was not named.

October 20, 2015

Colorado Industrial Western

American Tire Distributors Leases 127,000 SF at Crossroads Commerce Park in Denver

by Nellie Day October 19, 2015

DENVER — American Tire Distributors (ATD) has leased a 127,000-square-foot building at Crossroads Commerce Park in Denver. The park is located at the southwest corner of 55th Avenue and Washington Street in Unincorporated Adams County. ATD is the first full-building tenant at Crossroads. The company is one of the largest independent suppliers of replacement tires in North America. Crossroads Commerce Park is a modern, master-planned development of nearly 1 million square feet of Class A industrial space in multiple buildings. Josh Allred of Jackson Cooksey represented ATD. Mike Wafer and Tim D’Angelo of Newmark Grubb Knight Frank represented the landlord, Trammell Crow Company.

October 19, 2015

California Industrial Western

Rexford Buys Industrial Facility in Irwindale for $8.1M

by Nellie Day October 19, 2015

IRWINDALE, CALIF. — Rexford Industrial Realty has purchased a 64,296-square-foot industrial facility in Irwindale for $8.1 million. The facility is located at 16321-16327 Arrow Highway. It is fully leased to one tenant that has used the property as its corporate headquarters, production and distribution facility for several decades.

October 19, 2015

Industrial Midwest Missouri

U.S. Bank Provides $5.3M in Equity for Industrial Park in Kansas City, Mo.

by Christina Cannon October 19, 2015

KANSAS CITY, MO. — U.S. Bank has provided $5.3 million in equity for the development of a 364,000-square-foot industrial park in Kansas City. Three Trails Industrial Park is a $16 million project slated for completion in February 2016. The $5.3 million in equity was raised through the federal New Markets Tax Credit Program designed to spur revitalization efforts of low-income and impoverished communities across the country.

October 19, 2015

Industrial Southeast Tennessee

Marcus & Millichap Brokers $21.2M Sale of Coca-Cola Warehouse Portfolio in Chattanooga

by John Nelson October 19, 2015

CHATTANOOGA, TENN. — Marcus & Millichap has brokered the $21.2 million sale of a Coca-Cola industrial warehouse portfolio comprising three properties in Chattanooga. The three buildings span roughly 645,000 square feet and are leased by Coca-Cola Refreshments, a wholly owned subsidiary of The Coca-Cola Co. Coca-Cola Refreshments recently leased the properties for five-year terms with the option to renew for additional five-year terms. Sam Hanna of Marcus & Millichap’s San Diego office, along with Anne Williams of the firm’s Memphis office, brokered the transaction. Williams is Marcus & Millichap’s broker of record in Tennessee. The unnamed buyer is a publicly traded REIT.

October 19, 2015

Newer Posts

Older Posts