Industrial

Transwestern Brokers Sale of Two-Property Industrial Portfolio in Metro Chicago

by Christina Cannon December 21, 2015

SKOKIE AND MORTON GROVE, ILL. — Transwestern has brokered the sale of a two-building industrial portfolio in metro Chicago for an undisclosed price. The portfolio includes a 209,098-square-foot property located at 6123-6227 Monroe Court in Morton Grove and a 179,201-square-foot building located at 3500 Oakton St. in Skokie. Edler & Company Inc. sold the portfolio to an undisclosed buyer. The property in Morton Grove is comprised of five smaller units and features 28-foot clear heights. Denise Stein Chaimovitz of Transwestern represented the seller.

December 21, 2015

Indiana Industrial Midwest

JLL Named Listing Agent for Two Industrial Properties Totaling 924,530 SF in an Indianapolis Suburb

by Christina Cannon December 21, 2015

PLAINFIELD, IND. — JLL is the exclusive leasing entity for two new speculative industrial buildings in Plainfield, a southwestern suburb of Indianapolis. Airwest 12 and Airwest 14 are Class A properties that total 924,530 square feet. The two buildings are located at 2301 and 2201 Reeves Road. Airwest 12 is 448,305 square feet, and Airwest 14 is 476,225 square feet. The facilities feature 48-foot-by-50-foot bays, approximately 50 docks with room for expansion and ample delivery and employee parking. Each building is also divisible by 200,000 square feet. Jake Sturman and Chip Barnes of JLL will represent the owner, Northwestern Mutual.

December 21, 2015

Colorado Industrial Western

MIG Real Estate Buys Dry Creek Business Park in Centennial

by Nellie Day December 18, 2015

CENTENNIAL, COLO. — MIG Real Estate has purchased Dry Creek Business Park, a 244,028-square-foot flex business park in Centennial, for an undisclosed sum. The 15-building park is located at 7300-7348 South Alton Way within the Denver Tech Center. The property was 92 percent leased at the time of sale. The area is known for a range of employers, including aerospace and energy companies. This is MIG’s 11th investment in Metro Denver. It also recently purchased Iliff Business Park; two hospitality properties; six multifamily communities; and a flex product that fronts Interstate 225. MIG Real Estate represented itself in the transaction. Brad Calbert and T.J. Smith of Colliers International represented the seller.

December 18, 2015

Industrial Texas

Time Manufacturing Expands Waco Operations

by Haisten Willis December 18, 2015

WACO, TEXAS — Time Manufacturing, headquartered in Waco since 1968, plans to expand its truck-mounted hydraulic lift manufacturing operations in Waco. Time will invest $5.8 million to expand its facilities by 50,000 square feet at Texas Central Parkway and add 121 jobs during the next four years. The factory manufactures 20 to 25 aerial lifts per day, for a total of 3,500 to 4,000 units a year. The lifts are sold at dealerships throughout the U.S. and in Europe, Latin America and parts of Asia. Time has additional operations in Bethel, Pa. and the United Kingdom.

December 18, 2015

Industrial Midwest Minnesota Office

Duke Realty to Develop 134,384 SF Office/Warehouse Build-to-Suit Facility in Plymouth, Minn.

by Christina Cannon December 18, 2015

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.

December 18, 2015

Illinois Industrial Midwest

CBRE Brokers Sale of 83,787 SF Industrial Property in Chicago Suburb

by Christina Cannon December 18, 2015

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.

December 18, 2015

Industrial Oregon Western

Watumull Properties Buys Manufacturing Facility in Portland for $7.5M

by Nellie Day December 17, 2015

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.

December 17, 2015

Arizona Industrial Western

ASU Foundation of Tempe Acquires Flex Warehouse in Phoenix for $3.2M

by Nellie Day December 17, 2015

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.

December 17, 2015

Connecticut Industrial Northeast

Colliers Brokers $2.6M Lease of Industrial Building in Connecticut

by Amy Works December 17, 2015

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.

December 17, 2015

Industrial Texas

Coca-Cola Refreshments to Expand Operations in Waco

by Haisten Willis December 17, 2015

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.

December 17, 2015

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