Industrial

hillwood-bnsf-railway-packwell-alliance-texas

Hillwood, BNSF Railway and Packwell to Build Industrial Facility at AllianceTexas

by Haisten Willis April 11, 2016

FORT WORTH, TEXAS — Hillwood, BNSF Railway and Packwell plan to build a plastics export packaging facility in the rail-connected Alliance Westport industrial sector, located within Hillwood’s AllianceTexas development in north Fort Worth. The facility will be part of a global supply chain route enabling Packwell, a Gulf Coast resin packager, to ship containerized plastic resins to end users utilizing ocean steamship lines that are affiliated partners with BNSF. The steamship lines operate between the BNSF Alliance Intermodal terminal and Asia via West Coast ports in Los Angeles, Long Beach and Oakland, Calif. BNSF trains will deliver bulk covered hopper cars from new and expanded Gulf Coast plastics production facilities to Packwell’s new facility at AllianceTexas. Packwell will package the bulk resin and dray loaded containers to the BNSF ramp. The loaded containers will be delivered utilizing a heavy-load corridor from the Packwell’s packaging facility to BNSF’s Alliance Intermodal Terminal, located less than a mile away.

April 11, 2016

Polyglass U.S.A. to Establish Manufacturing Operations in Waco

by Haisten Willis April 11, 2016

WACO, TEXAS — Polyglass U.S.A. plans to establish a manufacturing operation in Waco. The company will invest $19 million to build a 145,000-square-foot industrial facility at 1701 Exchange Parkway to produce modified bitumen roofing membranes. Employment is expected to reach 45 full-time associates within the first three years of operation. The Polyglass roofing facility in Waco will produce a waterproof membrane system used for commercial and industrial roofing systems. The membrane system is designed to increase roof life expectancy and is also environmentally friendly and energy efficient. The company will receive a grant from the Waco/McLennan County Economic Development Corp., as well as tax abatement participation by the city and county.

April 11, 2016

7748 Palmetto Commerce Parkway North Charleston

Industrial South Carolina Southeast

Lineage Logistics Opens 180,000 SF Cold Storage Distribution Center in North Charleston

by John Nelson April 11, 2016

NORTH CHARLESTON, S.C. — Lineage Logistics LLC, a warehousing and logistics company backed by investment firm Bay Grove, has opened its 180,000-square-foot cold storage distribution center in North Charleston. The property is located at 7748 Palmetto Commerce Parkway within Palmetto Commerce Park. Lineage Logistics worked with the South Carolina Ports Authority to facilitate the new property. Norfolk Southern provides rail service to the facility, which features 30 truck doors, four rail doors and parking for 100 cars.

April 11, 2016

Industrial Market Reports North Carolina Southeast Southeast Market Reports

Raleigh’s Industrial Market Experiences Fifth Consecutive Year of Growth

by John Nelson April 11, 2016

A rebounding economy and robust population growth are driving strong fundamentals across all segments of Raleigh-Durham’s commercial real estate industry. The region added 30,105 jobs during the 12 months ending September 2015, a growth rate of 3.1 percent. Users of all product types are facing rising occupancy costs and fierce competition for quality space. The Raleigh-Durham industrial market experienced positive net absorption of 721,185 square feet through the first three quarters of 2015, marking the sector’s fifth consecutive year of expansion. Increased tenant demand, combined with a lack of new construction, has driven vacancy back to pre-recession levels. Overall vacancy for warehouse and flex space ended the third quarter at 7.5 percent, down by 130 basis points year-over-year. Warehouse vacancy fell by 160 basis points to 6 percent during the same period and is down from a cyclical high of 10.2 percent. Flex vacancy ended the third quarter at 11 percent, down by 60 basis points year-over-year and from a cyclical high of 16.5 percent. Leasing activity has been broad based, driven primarily by organic growth in the region’s existing tenant base. Among the industries fueling the largest transactions are third-party logistics, e-commerce, manufacturing and housing and construction. Finally back …

April 11, 2016

California Industrial Western

Industrial Building in Fremont Sells for $5.2M

by Nellie Day April 8, 2016

FREMONT, CALIF. — A private investor has purchased a 34,272-square-foot industrial building in Fremont for $5.2 million. The property is located at 48351 Lakeview Blvd., within the Bayside Business Park. The facility is situated near Tesla’s manufacturing plant. Rick Bland, Garrett Drew and Andrew Stoddard of Lee & Associates Oakland represented the seller, Cenco Investment LLC, in this transaction.

April 8, 2016

Lebanon-Valley-Distribution-Fredericksburg-PA

Industrial Northeast Pennsylvania

USAA, Trammell Crow Complete 874,126 SF Lebanon Valley Distribution Center in Pennsylvania

by Amy Works April 8, 2016

FREDERICKSBURG, PA. — USAA Real Estate Co., in partnership with Trammell Crow Co., has completed the development of Lebanon Valley Distribution Center in Fredericksburg. The 874,126-square-foot warehouse/distribution building features a cross-dock design with 36-foot clear heights, ESFR sprinklers, 123 dock doors, two drive-in doors and parking for 219 cars and 202 trailers. Additionally, the property is expandable to up to 1 million square feet, 155 dock doors, 870 car parking spots and 247 trailer stalls with the potential of an additional 385 remote stalls. The project is the third project in the region completed by USAA RealCo and Trammell Crow.

April 8, 2016

Alliance-Architects-DataBank-Expansion-richardson-texas

Industrial Texas

Alliance Architects to Design DataBank Expansion in Metro Dallas

by Haisten Willis April 7, 2016

RICHARDSON, TEXAS — Alliance Architects Inc. has been awarded shell and interior design services for the expansion of DataBank’s facility in Richardson. The building is located within Digital Realty’s Dallas Data Center Park campus. In addition to 11,000 square feet of data hall dedicated to customer hardware, the 16,000-square-foot expansion will also feature technical areas, offices and customizable storage space.

April 7, 2016

Illinois Industrial Midwest

Owen Wagener & Co. Arranges 35,038 SF Industrial Lease in Chicago Suburb

by Christina Cannon April 7, 2016

ARLINGTON HEIGHTS, ILL. — Owen Wagener & Co. has arranged a 35,038-square-foot industrial lease in Arlington Heights, approximately 30 miles northwest of Chicago. DevLinks LTD will relocate its headquarters operation to the facility at 3933 N. Ventura Drive. Jonathan Kohn and Brendan Green of Colliers International represented the owner, Bristol Group Inc. Carrie Wagener & Eric Wagener of Owen Wagener & Co. represented the tenant. DevLinks specializes in factory automation, design and integration for numerous industries.

April 7, 2016

Florida Industrial Southeast

Ridge Development Breaks Ground on Spec Industrial Facility in Metro Miami

by John Nelson April 7, 2016

MEDLEY, FLA. — Ridge Development, the industrial development arm of Transwestern Development Co., has broken ground on Airport North Logistics Center, a 182,057-square-foot speculative industrial facility. The distribution center will be located at the intersection of N.W. 87th Avenue and N.W. 90th Street in Medley, a suburb of Miami. Ridge Development expects to complete construction on the project in September 2016. The property will feature 32-foot clear heights, a 60-foot speed bay, 46 dock-high doors, two street dock ramps, 72 trailer spaces, security fencing and additional vehicle parking/outside storage. Ben Eisenberg, Walter Byrd, Thomas Kresse and Carlos Gaviria of Transwestern will provide leasing services for the project. Itasca Construction has been selected to oversee construction of Airport North Logistics Center.

April 7, 2016

Industrial Kentucky Office Southeast

NAI Isaac Brokers $17.5M Sale of Two Office/Warehouse Properties in Lexington

by John Nelson April 7, 2016

LEXINGTON, KY. — NAI Isaac Commercial Properties has brokered the $17.5 million sale of two office/warehouse developments in Lexington totaling more than 400,000 square feet. The buyer, a private investment company, purchased the properties from BRE Imagination PMA LLC, a division of The Blackstone Group. The properties were a portion of a portfolio originally purchased from GE. Bruce Isaac and Chad Voelkert of NAI Isaac Commercial Properties brokered the transaction.

April 7, 2016

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