Industrial

Mazda to Relocate North American Headquarters within Irvine

by Nellie Day January 13, 2016

IRVINE, CALIF. — Mazda North American Operations has announced its plans to relocate its headquarters to a new facility in Irvine, less than a mile from its current location. The 10-year lease will allow Mazda to occupy 102,000 square feet, or five floors, within the 21-story building. The new space is located at 200 Spectrum Center Drive. Mazda will also have exclusive naming rights atop the building. The car maker will occupy half of the lobby, which will include vehicle displays. Mazda has been based at 7755 Irvine Center Drive for nearly 30 years. The new space is owned by the Irvine Company. It was designed by Pei Cobb Freed & Partners.

January 13, 2016

Georgia Industrial Southeast

Westmount Realty Capital, Quilvest Buy 1.2M SF Business Park in Metro Atlanta

by John Nelson January 13, 2016

NORCROSS, GA. — Westmount Realty Capital LLC and Quilvest Private Equity have formed a joint venture to purchase Gwinnett Corporate Center, a 1.2 million-square-foot business park located at 1700-1865 Corporate Drive and 4145-4165 Shackleford Road in Norcross. The companies purchased the asset from the Dexter Cos., which owned and managed the property for more than 30 years, for an undisclosed price. The 115-acre property is situated in Atlanta’s I-85 North industrial submarket in Gwinnett County and features 17 Class A industrial and office buildings. Westmount will provide property management services for the property, which will be rebranded as Gwinnett Commons following tenant improvements. The joint venture has hired Reliant Real Estate Partners to lease the asset. The Corporate Drive assets were 79 percent leased at the time of sale, and the Shackleford Road buildings were 48 percent leased.

January 13, 2016

Industrial New Jersey Northeast

Advance Realty, F. Greek Development Open Refrigerated Storage Facility in New Jersey

by Amy Works January 13, 2016

WOODBRIDGE, N.J. — A joint venture partnership between Advance Realty and F. Greek Development has opened a refrigerated storage and distribution center in Woodbridge. The 190,000-square-foot facility is situated on 9.3 acres at 275 Blair Road. Preferred Freezer Services, a worldwide operator of temperature-controlled warehouses, has leased the built-to-suit facility. The property maintains temperatures between 0 and -5 degrees Fahrenheit, and features a 65-foot high warehouse ceiling and a 35-foot high dock ceiling. The building has a total storage capacity of 10 million cubic feet and can hold 40 million pounds of computer-managed inventory on 27,363 pallets.

January 13, 2016

Industrial Oregon Western

Keystone Automotive Industries Leases 230,000 SF in Portland

by Nellie Day January 12, 2016

PORTLAND, ORE. — Keystone Automotive Industries has leased 230,000 square feet at Interstate Crossroads Distribution Center in Portland. The space is located at NE 166th Avenue and NE Cameron Boulevard. The owner, Interstate Crossroads LLP, is a joint venture between real estate finance and investment management firm PCCP LLC and project developer Specht Development. David Ellis and Don Ossey of Capacity Commercial Group/CORFAC International represented the joint venture in the deal.

January 12, 2016

Industrial Nevada Western

Sahara Mini Storage in Las Vegas Sells for $3.4M

by Nellie Day January 12, 2016

LAS VEGAS — A limited liability company has purchased Sahara Mini Storage, a 52,672-square-foot self-storage facility in Las Vegas, for $3.4 million. The facility is located at 8140 West Sahara Ave. It was about 62 percent occupied at the time of sale. The seller, a personal trust, plans to donate all proceeds of the sale to charity. Cameron Glinton and Christopher R. Secreto of Marcus & Millichap represented both the buyer and seller in this transaction.

January 12, 2016

Industrial Northeast Pennsylvania

Roddy Inc. Brokers $3.8M Sale of Industrial Property in Pennsylvania

by Amy Works January 12, 2016

QUAKERTOWN, PA. — Bensalem, Pa.-based Roddy Inc. has arranged the sale of an industrial property located at 472 California Road in Quakertown. The buyer, 472 California Road LP, acquired the 125,091-square-foot property from 472 California Road Partners LP for $3.8 million. The fully heated building features a sprinkler system, 18 tailgate loading doors, three drive-in doors and approximately 24,718 square feet of office space. Ceiling heights range from 15 feet to 23 feet throughout the building. Sean Durkin of Roddy Inc. represented the seller, 472 California Road Partners LP, in the transaction.

January 12, 2016

Industrial North Carolina Southeast

Beacon Partners Breaks Ground on 309,536 SF Spec Industrial Facility in Charlotte MSA

by John Nelson January 12, 2016

CONCORD, N.C. — Beacon Partners has broken ground on a new 309,536-square-foot spec industrial facility within RiverOaks Corporate Center in Concord, a northern suburb of Charlotte. RiverOaks is a master-planned, 1.4 million-square-foot manufacturing and logistics park located at the corner of Poplar Tent and Derita roads near Concord Regional Airport. The new building (Building D) is slated for completion in the second quarter of 2016. The project team includes general contractor Choate Construction, architect Merriman Schmitt and civil engineer ColeJenest & Stone. Wells Fargo is financing the project.

January 12, 2016

Industrial Texas

SSGT Acquires San Antonio Self-Storage Facility for $12.3M

by Haisten Willis January 11, 2016

SAN ANTONIO — Strategic Storage Growth Trust (SSGT), which is sponsored by SmartStop Asset Management, has acquired a self-storage facility in San Antonio for $12.3 million. The facility consists of 385 self-storage units and 49,250 square feet of storage space. In addition, the property contains 5,800 square feet of cold storage space, 8,300 square feet of office space and 9,000 square feet of warehouse space. The property, located at 875 E. Ashby Place, will offer climate-controlled units.

January 11, 2016

Industrial Northeast Pennsylvania

Alliance HSP Buys Industrial Portfolio Totaling 566,000 SF in Pennsylvania

by Amy Works January 11, 2016

YORK, PA. — Alliance HSP has acquired two industrial properties located at 2925 E. Market St. and 789 Kings Mill Road in York. D&D Distribution sold the assets, which total 566,000 square feet, for an undisclosed price. As part of the transaction, Alliance HSP entered into a full-building, three-year leaseback with D&D Distribution for the 180,000-square-foot property at 789 Kings Mill Road and a long-term lease totaling 250,000 square feet with Stauffer’s Biscuit Co. at the 386,000-square-foot building at 2925 E. Market St. Alliance HSP has started a capital improvement plan at 2925 E. Market St. The improvements, including a new roof, enhanced loading docks and improved truck circulation, are slated for completion in April. Gerry Blinebury of Cushman & Wakefield represented D&D Distribution in the transactions.

January 11, 2016

Industrial New York Northeast

Cushman & Wakefield Arranges $11.9M Sale of Industrial Site in Brooklyn

by Amy Works January 11, 2016

NEW YORK CITY — Cushman & Wakefield has brokered the sale of an industrial site located at 102 Sandford St. in Brooklyn’s Bedford-Stuyvesant neighborhood. American Almond Products sold the property, which served as its national headquarters, sold for $11.9 million, or $409 per square foot, in an all-cash transaction. The 37,500-square-foot property features a 29,125 square feet of factory and warehouse space and approximately 8,375 buildable square feet for additional development. Michael Amirkhanian of Cushman & Wakefield handled the transaction. The name of the buyer was not released.

January 11, 2016

Newer Posts

Older Posts