PLYMOUTH, MINN. — Duke Realty Corp. has agreed to develop a 134,384-square-foot office and warehouse build-to-suit facility for Intereum Inc. in Plymouth, a western suburb of Minneapolis. Intereum supplies commercial office and healthcare furniture, floor coverings and related products to corporations and government entities. As part of the deal, Intereum has entered into a long-term lease agreement with Duke Realty, which will develop the facility on nearly 14 acres that it owns adjacent to Waterford Ponds, an office and retail complex. The building will include nine dock doors, one drive-in door, 152 automobile parking spaces, a 125-foot truck court and a 30,000-square-foot showroom. Construction on the facility is slated to begin in May 2016 and be completed in March 2017. This development marks the fifth time in the last 18 months that Duke Realty has undertaken an industrial build-to-suit project in Minneapolis. Jon Yanta and Brent Erickson of NorthMarq represented Intereum in the build-to-suit transaction. Matt Oelschlager of CBRE represented Duke Realty.
WHEELING, ILL. — CBRE has brokered the sale of an 83,787-square-foot industrial facility in Wheeling, approximately 30 miles northwest of Chicago. Orange Crush LLC purchased the asset from 571 South Wheeling Road LLC for an undisclosed price. The manufacturing building is situated on 4.3 acres and was formerly occupied by Main Steel LLC. Orange Crush plans to reposition the property, located at 571 Wheeling Road, to accommodate its business as a provider of road construction services and materials in metro Chicago. Ryan Bain, Zach Graham and John Maloney of CBRE were the sole brokers in the transaction.
PORTLAND, ORE. — Watumull Properties Corp. has purchased a 205,303-square-foot manufacturing facility in Portland for $7.5 million. The property is located at 3901 SE Naef Road in the Milwaukie suburb. The seller was Blount International Inc., an outdoor equipment manufacturer. Steven Klein, Peter Stalick and Jeff Kiersey of Kidder Mathews represented Watumull. The Kidder Mathews team will also handle leasing at the facility.
PHOENIX — The ASU Foundation of Tempe has purchased a 51,145-square-foot flex industrial warehouse in Phoenix for $3.2 million. The warehouse is located at 4525 E. McDowell Road. The foundation plans to upgrade and rehabilitate the property. Rich Sica of Daum Phoenix represented both the buyer and seller, AMK Properties, in this transaction.
ENFIELD, CONN. — Colliers International has brokered the long-term lease of 102,000 square feet of industrial space at Enfield Distribution Center, located at 35 Manning Road in Enfield. Namco will occupy the space in the $2.6 million transaction. Nicholas Morizio of Colliers represented the undisclosed landlord, while Tim McNamara of SullivanHayes represented the tenant in the lease transaction.
WACO, TEXAS — Coca-Cola Refreshments has received a tax abatement incentive to expand its Waco presence with a $13.3 million blow-molding line. The line will be used for in-house production of bottles in its Waco facility, located in Texas Central Park. Coca-Cola established its first Waco manufacturing facility in 1995, and Coca-Cola Enterprises constructed a 50,000-square-foot regional distribution center to supply the central Texas market in 2007. The expanded operations are a result of the company’s continued growth in product demand and a long-established partnership with the city of Waco, McLennan County and the Waco Industrial Foundation.
DALLAS — Cornerstone RPC Storage Development, a joint venture between real estate development firms Rosewood Property Co. and Cornerstone Development, has begun construction on Phase II of a $75 million self-storage development plan. The firm will build three self-storage facilities in infill locations located in Dallas, Carrollton, Texas and Denver. Cornerstone has begun preparation to break ground on a 105,606-square-foot, 928-unit self-storage facility on the southeast corner of Maple Avenue and Butler Street in Dallas. Located in the Dallas Medical District, the facility is expected to open in the fourth quarter of 2016. In addition to the Dallas facility, Cornerstone plans to break ground on an 110,150-square-foot storage facility on E. Hebron Parkway in Carrollton. The 776-unit, multi-story facility will offer climate control in 94 percent of its units and is expected to open in the third quarter of 2016. The development company also closed on a property in metro Denver to develop an 116,325-square-foot self-storage facility. All three new developments will be managed by and branded Extra Space Storage.
DUNCAN, S.C. — Exeter Property Group has purchased a 307,132-square-foot, Class A industrial building located at 1375 Howell Road in Duncan. Exeter purchased the asset from TIC Properties for an undisclosed price. Located within Hillside Industrial Park, the property is leased to Benore Logistics, a third-party logistics and sequencing provider for BMW. Givens Stewart, Garrett Scott and Brockton Hall of Colliers International represented Exeter in the transaction.
CREST HILL, ILL. — Ridgeline Property Group has unveiled plans to develop a 438,150-square-foot distribution center in Crest Hill, approximately 40 miles southwest of Chicago. Along with capital partner Cabot Properties Inc., Ridgeline will build the Class A facility on a 29-acre site that the two companies acquired in September. Site work will begin in January and completion is slated for August 2016. David Bercu and Jim Estus of Colliers International will market the property for lease. The cross-dock facility, located at 16824 Enterprise Blvd., will feature 32-foot clear heights, four drive-in overhead doors, 36 exterior docks, 319 car parking spaces and 163 trailer parking spaces.
PONTIAC, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 26,202-square-foot industrial building in Pontiac, approximately 30 miles north of Detroit. TSLLC Liquidation Co. LLC sold the property to Knight Properties Group LLC for an undisclosed price. The building is located at 1450 E. Highwood Blvd. Larry Schultz of Friedman represented the buyer in the transaction and Mike Koenigbauer of Friedman represented the seller.