Industrial

Colliers International Brokers $1.7M Sale of Industrial Building in New Jersey

by Amy Works July 28, 2015

MOORESTOWN, N.J. — Colliers International has arranged the sale of an industrial property located at 1501 Glen Ave. in Moorestown. Artcraft Promotional Concepts, a promotional product branding company, acquired the 40,000-square-foot property for $1.7 million. Situated on 3.26 acres, the property features 20-foot ceiling heights, three tailgates, one drive-in loading dock, 2,200 square feet of office space and a fenced yard. Marc Isdaner of Colliers International represented the seller, Clarit Realty Ltd., while William Goodwin of CBRE represented the buyer in the deal. Unity Bank provided the acquisition financing.

July 28, 2015

Industrial Massachusetts Northeast Retail

Colliers Arranges Two Land Sales Totaling $20.8M in Massachusetts

by Amy Works July 27, 2015

WESTWOOD AND NEWTON, MASS. ¬— The Boston office of Colliers International has arranged two commercial land sales totaling $20.8 million. In Westwood, Prime Auto Group acquired 12 acres at 375 Providence Highway for $16.3 million. The buyer plans to develop three car dealerships on the site. In Newton, Dinosaur Capital Partners purchased three acres at 70 Rowe St. for $4.5 million. The buyer plans to develop a Verizon facility on the site. James Elcock of Colliers facilitated both transactions. The names of the sellers were not disclosed.

July 27, 2015

Industrial New York Northeast

TerraCRG Arranges 76,000 SF Lease of Loft Building in Brooklyn

by Amy Works July 27, 2015

NEW YORK CITY — TerraCRG has brokered the lease of 76,000 square feet of loft space at 80 Hudson Ave. in Brooklyn’s Vinegar Hill section. The former Global Storage building features two interior loading docks, two exterior loading docks and eight parking spaces. The tenant, a local developer, has not disclosed plans for the property. Ofer Cohen, Dan Marks, Peter Schubert and Joey Terzi of TerraCRG represented the landlord and the tenant in the deal.

July 27, 2015

Industrial Office Texas

Colliers International Arranges Sale of Office/Warehouse Space in Metro Houston

by Haisten Willis July 27, 2015

MISSOURI CITY, TEXAS — Colliers International has arranged the sale of 6,500 square feet at 13370 S. Gessner Road in Missouri City. AAA Tran Real Estate Management LLC purchased the property. Tasha Bannister of Transtar Fine Properties represented the buyer in the transaction. Barkley Peschel of Colliers International represented the seller in the transaction. Madera Studio, a professional photography and portrait studio, will occupy the space.

July 27, 2015

Colorado Industrial Loans Western

NorthMarq Arranges $59M in Financing for Colorado Technology Center Portfolio

by Nellie Day July 27, 2015

LOUISVILLE, COLO. — The Colorado Technology Center Portfolio, which contains a total of 631,135 square feet of light industrial space, has received $59 million in financing. The seven-building portfolio was fully leased, and all are situated within the Colorado Technology Center in Louisville, northwest of Denver. Steve Bye and Conor McCahill of NorthMarq Capital’s Denver office arranged the financing with an undisclosed investment bank. The non-recourse loan structure involved a 10-year, fixed-rate term with interest-only payments for three years, followed by a 30-year amortization schedule.

July 27, 2015

Industrial Market Reports South Carolina Southeast Southeast Market Reports

South Carolina’s Midland Region is in the Middle of ‘Manufacturing Renaissance’

by John Nelson July 27, 2015

South Carolina continues to see a manufacturing renaissance, after back-to-back record years of manufacturing investment totaling $10 billion in 2013 and 2014. All signs suggest that 2015 will be just as promising. The Midlands region has benefitted from this investment and is poised to take off in 2015. As the market has heated up, the Midlands region of South Carolina has the most to offer in the way of product for new and expanding companies. Yes, in 2015 vacancy is a good thing! As the upstate and low country markets have become alarmingly tight on viable manufacturing space, the Midlands region offers up an array of high-quality industrial product that is move-in ready. Data for the first quarter of 2015 shows significant improvements in the Midlands market with investments, job creation and construction activity. Major companies, including Brazil-based Inbra Industrias Quimicas, Red Bone Alley Foods, Avantrech and Wire Mesh Cos., have all made multi-million dollar investments in new or expanded facilities, and there is also increased build-to-suit and speculative construction across the region. There has also been a growth in leasing, as manufacturers pursue existing facilities that can meet the demands for advanced manufacturing but with significant cost savings over …

July 27, 2015

Industrial New York Northeast Retail

Kalmon Dolgin Affiliates Arranges 50,000 SF Lease in Brooklyn for Koppers Specialty Chocolate Co.

by Amy Works July 23, 2015

NEW YORK CITY — Kalmon Dolgin Affiliates has arranged a 50,000-square-foot lease at Liberty View Plaza in Brooklyn for Koppers Specialty Chocolate Co. The company is relocating from a 30,000-square-foot space in Greenwich Village to the space at 850 Third Ave. in Brooklyn’s Sunset Park neighborhood. As part of the deal, Empire State Development, New York State’s economic development agency, will provide Koppers with up to $556,000 in performance-based Excelsior Jobs Program Tax Credits, as the company agreed to create at least 27 new full-time jobs over the next five years and keep the position through at least 2025. Neil Dolgin and Jeffrey Unger of Kalmon Dolgin Affiliates, along with Howard Kesseler and Jordan Gosin of Newmark Grubb Knight Frank, represented the landlord, Salmar Properties, in the transaction.

July 23, 2015

Illinois Industrial Midwest Retail

MB Real Estate To Manage, Lease Illinois Tollway Oases

by Jonathan Mehall July 23, 2015

CHICAGO — MB Real Estate (MBRE) has won the assignment to manage and lease the Illinois Tollway Oases, six properties servicing commuters and travelers along the Illinois Tollway system. The tollway oases offer patrons a variety of convenient food options, a wide range of services and are directly accessible from the tollway with on-off ramps. Properties include the Belvidere Oasis along I-90; the Lake Forest Oasis on I-94; the DeKalb Oasis on I-88; the Chicago Southland Lincoln Oasis along I-80/I-294; the Hinsdale Oasis on I-294; and the O’Hare Oasis, also on I-294. Current tenants of the oases include the Illinois Tollway, McDonald’s, Starbucks, Best Buy Express, Subway, Illinois Lottery and Sbarro, among others. Kathleen Bertrand of MBRE will serve as the leasing representative for the six properties, which offer a variety of spaces available for lease.

July 23, 2015

Industrial Midwest Wisconsin

The Dickman Company Brokers 160,000 SF Industrial Lease in West Bend, Wis.

by Jonathan Mehall July 23, 2015

WEST BEND, WIS. — The Dickman Company Inc./CORFAC International has brokered a 160,000-square-foot industrial lease for Gardner Pet Group Inc. in West Bend, about 38 miles northwest of Milwaukee. A pet food distributor, Gardner is moving its manufacturing operations and up to 60 jobs from China to West Bend, according to the Milwaukee Business Journal. The property is located at 2845 Wingate St. The landlord is Wingate Ventures LLC, care of Phoenix Investors LLC. Gardner selected the location in West Bend to add to its current operations in Juneau, Wis. Nick Keys, Samuel M. Dickman Jr. and Samuel D. Dickman negotiated the lease.

July 23, 2015

Industrial Western

Pool Corporation Leases Industrial Space in San Bernardino

by Nellie Day July 23, 2015

SAN BERNARDINO, CALIF. — The Pool Corporation has leased a 184,646-square-foot building in San Bernardino. The space is located at 1410 E. Central Ave., within Carson Alliance, a newly developed, two-building industrial park at the Gateway of the Master Alliance of California project. Chris Barbieri of ANR Asset Management and Ron Barbieri of Coldwell Banker Commercial represented Pool Corporation. JLL’s Ruben Goodsell, Peter McWilliams and Mike McCrary represented the landlord, Carson Companies.

July 23, 2015

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