Industrial

HFF Arranges Joint Venture Equity for Self-Storage Development Near Houston

by Haisten Willis January 6, 2016

SPRING, TEXAS — HFF has arranged joint venture equity for the development of a Class A, 851-unit self-storage facility in The Vintage master-planned community in Spring. HFF worked on behalf of the development manager, Vintage Hannah One, to arrange a joint venture equity partnership with an unnamed partner. Scheduled for completion in late 2016, the project will consist of four buildings totaling 82,675 square feet situated on 5.8 acres. Barbara Guffey led the HFF self-storage team representing the development manager.

January 6, 2016

NOVUS Brokers Sale of 11-Acre Tract on Highway 380 in Metro Dallas

by Haisten Willis January 6, 2016

PRINCETON, TEXAS — NOVUS Realty Advisors’ Tom Grunnah has completed the sale 11 acres for client and former property owner Wells Fargo Bank NA. The land is located at the southwest corner of the US Highway 380 and Cypress Bend intersection, just east of downtown McKinney in Princeton. The buyer, F&L LLP, plans to divide the property and sell commercial pad sites to end users.

January 6, 2016

Industrial Oregon Western

Avago Technologies Buys Eugene Technology Center

by Nellie Day January 6, 2016

EUGENE, ORE. — Avago Technologies has purchased the Eugene Technology Center, a 1.1-million-square-foot industrial and manufacturing campus, for an undisclosed sum. The Class A campus is located at 1830 Willow Creek Circle in Eugene. Avago plans to manufacture semiconductor chips at the facility, which was built in 1997. The three-story property represents the largest advanced manufacturing space available in the Western U.S., according to Binswanger, which represented the buyer. The seller was Hynix Semiconductor America. Chuck Pawlak and Eric Dienstbach of Binswanger represented Avago.

January 6, 2016

Industrial New York Northeast Office

Heritage Equity Partners, Rubenstein Partners to Develop 480,000 SF Project in Brooklyn

by Amy Works January 5, 2016

NEW YORK CITY — Heritage Equity Partners and Rubenstein Partners are co-developing 25 Kent Avenue, a 480,000-square-foot project in Brooklyn. The ground-up property will be Brooklyn’s first speculative commercial building in 40 years. Designed by Gensler and HWKN, the building will feature office and light industrial space for creative arts, makers and technology firms. While site preparation is underway, the project has entered the official land use review process known as Uniform Land Use Review Procedure (ULURP) with construction slated to begin later this year.

January 5, 2016

Illinois Industrial Midwest

Avison Young Arranges 51,624 SF Industrial Lease in Libertyville, Illinois

by Christina Cannon January 5, 2016

LIBERTYVILLE, ILL. — Avison Young has arranged a 51,624-square-foot long-term lease for an office and warehouse space in Libertyville, approximately 40 miles northwest of Chicago. All American Containers, a global packaging solutions company, will begin occupying space in the north portion of the building this spring. Bridge Development Partners developed the facility, located at 851 E. Park Ave. The two-building project, which totals 406,000 square feet, features 32-foot clear heights, flexible dock space and ample truck and car parking. Each building is divisible by 20,000 square feet and All American Containers’ lease includes 4,500 square feet of office space. Keith Puritz, Brett Kroner and Eric Fischer of Avison Young represented the tenant. Michael Fonda and John Hauser of Avison Young represented Bridge Development Partners.

January 5, 2016

Industrial Multifamily Office Retail Texas

NAI Wheeler Becomes Wheeler Commercial

by Haisten Willis January 4, 2016

BEAUMONT, TEXAS — NAI Wheeler has changed its name to Wheeler Commercial. This change represents a DBA (Doing Business As) change only. KenWheel Inc. remains unchanged. The president of the company, Lee Wheeler, has been serving southeast Texas for more than 16 years and has been in the commercial real estate business for more than 18 years. The structure and personnel of the company has not changed. Wheeler Commercial specializes in commercial real estate and brokerage services including sales, leasing, consulting and property management.

January 4, 2016

Industrial Texas

Colliers International Arranges Sale of 80.4 Acres in Houston

by Haisten Willis January 4, 2016

HOUSTON — Miller Road Realty has purchased 80.4 acres on Beaumont Highway in Houston. Trey Erwin of Colliers International represented the buyer in the transaction. Frank Blackwood of Capital Real Estate Commercial represented the seller, Williams Brothers Construction Co.

January 4, 2016

Industrial Multifamily Office Retail Texas

Steve Jarvie Named President of E Smith Realty Partners

by Haisten Willis January 4, 2016

DALLAS — Steve Jarvie has joined E Smith Realty Partners as president. Jarvie will lead the growth initiative for Dallas tenant representation services and will serve on the company’s executive committee, assisting with strategic direction for the company. Prior to joining E Smith Realty, Jarvie served as executive vice president at Jones Lang LaSalle (JLL) and The Staubach Co., focusing on the development of new business and management of client transactions. Jarvie has accounted for more than 10 million square feet of leases during his career. Jarvie earned his Bachelor of Arts degree from Baylor University in Waco.

January 4, 2016

Industrial Washington Western

Cabot Properties Acquires Federal Way Corporate Center in Seattle for $7.6M

by Nellie Day January 4, 2016

SEATTLE — Cabot Properties has purchased Federal Way Corporate Center, a 73,498-square-foot industrial park in the Seattle submarket of Federal Way, for $7.6 million. The park is located at 34210 9th Ave. South. It was built in 2001. The facility is leased to three tenants. Brian Bruininks and Jeff Crane of the Andover Company/CORFAC International represented both the buyer and seller, Fedway Group LLLC, in this transaction.

January 4, 2016

California Industrial Western

Bestronics Leases 73,000 SF of Industrial Space in San Jose

by Nellie Day January 4, 2016

SAN JOSE, CALIF. — Bestronics has leased 73,000 square feet of industrial space in San Jose. The space is located at 2243 Lundy Ave. Bestronics is an electronics contract manufacturer. Dan Hollingsworth, Steve Pace, Tom McGovern and Karen Sigl of Cushman & Wakefield represented the landlord, LD Odyssey.

January 4, 2016

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