Industrial

The Stubblebine Company Arranges $2M Sale of Industrial Property in Massachusetts

by Amy Works January 25, 2016

LOWELL, MASS. — The Stubblebine Company/CORFAC International has brokered the sale of an industrial property located at 170 Lincoln St. in Lowell. The principals of RKKC LLC aka Patriot Care LLC acquired the property for $2 million. Formerly occupied by Prelco, the 39,000-square-foot property features 13-foot clear heights. David Stubblebine, James Stubblebine and Micah Stubblebine of The Stubblebine Company represented the undisclosed seller, while Fran Sagandorf of Taupier represented the buyer in the transaction.

January 25, 2016

Industrial Texas

Transwestern Arranges 394,489 SF Industrial Lease in Metro Houston

by Haisten Willis January 25, 2016

PASADENA, TEXAS — California-based Plastic Express has pre-leased 394,489 square feet in Phase II at Port 225 in Pasadena, near the Port of Houston. Phase II consists of three buildings under construction with expected completion in the second quarter of 2016. Totaling 753,864 square feet, the project is now 65 percent pre-leased. Completed in 2008, Phase I consists of three buildings totaling 697,000 square feet and is 100 percent leased. At completion, Port 225 will consist of six distribution buildings totaling 1.45 million square feet. Plastic Express was founded in 1970 and provides custom-tailored and logistical solutions for the plastics industry, as well as non-plastic materials including steel, paper, lumber and other products. Transwestern’s Brian Gammill and Darryl Noon represented the building owner, Clarion Partners, in the lease transaction. Jeff Huberman, Mike Spears and Robert McGee of Lee & Associates represented Plastic Express. Houston-based Transwestern Development Co. is providing development and construction management services.

January 25, 2016

Arizona Industrial Western

WLA Realty Group Acquires Roosevelt Business Park in Phoenix for $14.9M

by Nellie Day January 25, 2016

PHOENIX — WLA Realty Group has purchased Roosevelt Business Park, a 223,257-square-foot industrial campus in Phoenix, for $14.9 million. The park is located at 7150 W. Roosevelt St. It was 75 percent leased at the time of sale. Gary Anderson, Paul Boyle, Rick Danis and Mike Gilbert of Cushman & Wakefield executed the transaction. The seller was Pearlman Property Management. The Cushman & Wakefield team was also retained to lease the business park.

January 25, 2016

California Industrial Western

Strategic Storage Trust II Buys Self-Storage Facility in California for $4.7M

by Nellie Day January 25, 2016

LANCASTER, CALIF. — Strategic Storage Trust II has acquired a 550-unit self-storage facility in Lancaster for $4.7 million. The 10-building facility, located at 43707 North Sierra Highway, was built in 1991. It was 88 percent occupied at the time of sale. SmartStop Asset Management LLC sponsors the Strategic Storage Trust II fund.

January 25, 2016

Indiana Industrial Midwest

HSA Commercial Arranges 100,335 SF Industrial Lease in Indianapolis Suburb

by Christina Cannon January 25, 2016

PLAINFIELD, IND. — HSA Commercial Real Estate has arranged a 100,335-square-foot industrial lease in Plainfield, a southwestern suburb of Indianapolis. Kuehne + Nagel, a Switzerland-based global logistics service provider, will be expanding its lease at Gateway Industrial III, bringing the building to full occupancy. The 220,000-square-foot distribution center is located at 1025 S. Columbia Road. Kuehne + Nagel currently occupies 59,895 square feet at the facility. A partnership between HSA Commercial Real Estate and Great Point Investors LLC developed the building in 2014. HSA Commercial expects to break ground on a new 150,000-square-foot distribution center within the Gateway Business Park this summer. Located on a nine-acre site at the intersection of Columbia and Midfield roads, the proposed facility will feature 32-foot clear heights, 32 truck docks, four drive-in doors and parking for 156 vehicles. Terry Busch and John Hanley of CBRE represented the ownership in the lease transaction.

January 25, 2016

Industrial Massachusetts Northeast Office

R.W. Holmes Realty Co. Brokers $2.3M Sale of 44,950 SF Office/Warehouse Facility in Massachusetts

by Amy Works January 22, 2016

NATICK, MASS. — R.W. Holmes Realty Co. has arranged the sale of a 44,950-square-foot office/warehouse property located at 245 W. Central St. in Natick. Snap-One Corp. sold the property to South Natick Partners LLC for $2.3 million. Situated on 2.5 acres, the property features four tailboard doors, one drive-in loading dock and 100 parking spaces. Craig Johnston of R.W. Holmes Realty represented the seller, while Eric Brosler of MetroWest Commercial Real Estate represented the buyer in the transaction.

January 22, 2016

Industrial Texas

Stream to Develop Data Center in Plano

by Haisten Willis January 22, 2016

PLANO, TEXAS — Stream Data Centers has acquired 16 acres at Legacy Business Park, a master-planned, mixed-use development in Plano, to build a data center. The new data center will be a 210,000-square-foot, ground-up development. Additionally, Stream plans to build the data center to LEED Silver standards. This will be Stream’s second data center in Legacy and its fourth development in the Dallas market in the last four years. Stream Data Centers will break ground on the Plano data center in the second quarter of 2016, and the facility will be ready for occupancy in the first quarter of 2017.

January 22, 2016

Illinois Industrial Midwest

Midwest Industrial Funds Acquires 246,000 SF Industrial Building in Chicago Suburb

by Christina Cannon January 22, 2016

ELGIN, ILL. — An entity affiliated with the Midwest Industrial Funds has acquired a vacant 246,000-square-foot facility in Elgin, approximately 40 miles west of Chicago, for an undisclosed price. The building, located at 1600 Fleetwood Drive, is situated on 22 acres and features 26-foot clear heights, 10 docks and 22,000 square feet of office space. Stamar Packaging recently agreed to lease 187,000 square feet of the facility and is relocating its headquarters and warehouse from Addison. Frank Griffin and Dominick Carbonari of JLL represented the seller, a division of Philips Lighting, in the transaction. Michael Androwich Jr. of Lee & Associates represented Stamar Packaging.

January 22, 2016

Illinois Industrial Midwest

CenterPoint Properties Sells 174,400 SF Industrial Facility in West Chicago

by Christina Cannon January 22, 2016

WEST CHICAGO, IIL. — CenterPoint Properties has sold a 174,400-square-foot industrial property in West Chicago to Simpson Manufacturing Co. for an undisclosed price. The facility, located at 2505 Enterprise Circle, features 48,776 square feet of office space, 28 exterior docks, two drive-in doors and 401 car parking spots. Simpson Manufacturing plans to renovate and expand the building. Britt Casey of Cushman & Wakefield represented CenterPoint in the transaction. David Prell, Cal Payne and Tyson Vallenari of CBRE represented Simpson Manufacturing.

January 22, 2016

Industrial Massachusetts Northeast

Novaya Real Estate Acquires 275,000 SF Warehouse in Massachusetts for $19.7M

by Amy Works January 21, 2016

MIDDLEBOROUGH, MASS. — Novaya Real Estate Ventures has acquired a warehouse property located at 154 Campanelli Drive in Middleborough for $19.7 million. The 275,000-square-foot property is fully leased to alphabroder, an imprintable activewear company, on a long-term basis. JLL represented the seller, AEW, in the transaction.

January 21, 2016

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