Industrial

Lee & Associates Negotiates Sale of Industrial Portfolio in Fort Worth

by Haisten Willis November 10, 2014

FORT WORTH & BRYAN, TEXAS — Lee & Associates has negotiated the sale and lease back of a two-building industrial portfolio in Fort Worth and Bryan. Mark Graybill and Adam Graham of Lee & Associates’ Dallas/Fort Worth office represented the unnamed seller for the two properties. The portfolio consists of a 48,000-square-foot industrial building located at 7200 Jack Newell Blvd. in Fort Worth, and a 26,000-square-foot industrial building at 2801 N. Earl Rudder Freeway in Bryan. Both properties are manufacturing facilities with outside storage and long-term leases. Triple Net Acquisitions purchased the property and was represented in-house in the transaction.

November 10, 2014

Selective Real Estate Investments Buys Industrial Complex in North Hollywood

by Nellie Day November 10, 2014

LOS ANGELES – Selective Real Estate Investments has acquired an 82,660-square-foot industrial complex in North Hollywood for an undisclosed sum. The three-building complex is located at 11605 & 11611 Hart Street. The seller, Bobrick Washroom Equipment, has occupied the space since 1965. Selective Real Estate was represented by David Young and Chad Gahr of NAI Capital’s Encino office.

November 10, 2014

Industrial Midwest Wisconsin

M&M Arranges $17M Sale of Staples Distribution Center

by Danielle Everson November 10, 2014

OAK CREEK, WIS. — Marcus & Millichap has arranged the $17 million sale of a 279,828-square-foot Staples distribution facility in Oak Creek. The sale equates to $61 per square foot. Situated on a 28-acre parcel at 120 W. Opus Drive, the building features 20,000 square feet of office space and 259,828 square feet of warehouse space with a clear span of 33.5 feet. The building can be expanded by an additional 51,748 square feet. The facility is part of two-property, single-tenant industrial portfolio. The other asset, a 63,740-square-foot FedEx freight terminal in Aurora, Ill. sold for $15.9 million in May. Opus Group developed the property. Nick Manganais and Matthew Fitzgerald of Marcus & Millichap arranged the transaction for the seller, an Illinois-based family trust.

November 10, 2014

Industrial North Carolina Southeast

Beacon Partners Buys Industrial Park in Charlotte’s Northwest Submarket

by John Nelson November 10, 2014

CHARLOTTE, N.C. — Beacon Partners has purchased four fully leased industrial building in Charlotte’s Northwest submarket totaling 386,000 square feet. Beacon Partners has re-branded the park “NorthWest Industrial Park” and has planned capital improvements to the property, including enhancements to the building entrances, truck loading areas, building exteriors, signage, landscaping, parking lots and lighting. The industrial park is rail-served and features outside storage, trailer storage and 22- to 28-foot clear heights with dock-high and drive-in loading. Pete Pittroff and Brad Cherry of JLL represented the seller, Carlson Real Estate, in the transaction. Wells Fargo provided acquisition financing. Pete Kidwell of Beacon Partners will handle NorthWest Industrial Park’s leasing responsibilities.

November 10, 2014

California Industrial Western

Duke Realty to Develop New 783,407 SF Industrial Building in Perris

by Nellie Day November 7, 2014

PERRIS, CALIF. – Duke Realty has announced plans to build a new 783,407-square-foot spec bulk warehouse building in the Inland Empire East submarket of Perris. The new building will be located near the Ramona Expressway and I-215. The building will be called Perris Logistics Center II. It is currently pre-leasing. The building is scheduled for completion in August 2015. Steve Bellitti and Thomas Taylor of Colliers serve as the leasing agents.

November 7, 2014

Industrial New Jersey Northeast

Bussel Realty Brokers $1.5M Acquisition of New Jersey Industrial Facility

by Amy Works November 7, 2014

KENILWORTH, N.J. — Bussel Realty Corp. (BRC) has arranged the sale of an industrial facility located at 25 Sidney Circle in Kenilworth. Scheininger Real Estate purchased the 17,200-square-foot property for $1.5 million from BPS Company. The property features 16-foot ceilings, one loading dock, one drive-in and 1,410 square feet of office space. The buyer purchased the facility for Flexline and plans to use it to manufacture specialty hose assemblies for the pharmaceutical, steel, food and aviation industries. Gregory Irving of BRC represented the buyer in the transaction.

November 7, 2014

Colorado Industrial Western

Denver Industrial Building Sells for $10M

by Nellie Day November 6, 2014

DENVER – A 189,210-square-foot industrial building in Denver has sold to Gladstone Commercial Corporation for $10 million. The building is located in an industrial park, near Downtown Denver. It has direct rail service and easy access to I-25, 1-270 and the Denver airport.

November 6, 2014

Industrial Texas

M&M Arranges Sale of Self-Storage Facility in Orange

by Haisten Willis November 6, 2014

ORANGE, TEXAS — Marcus & Millichap has arranged the sale of Affordable Storage, a 23,340-square-foot self-storage facility located in Orange. Danny Cunningham and Brandon Karr of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Cunningham also secured the buyer, another private investor. Affordable Storage is located at 19238 Texas 62. The property was built in 2003 and was expanded in 2004 and 2005. The property features a manager’s office, perimeter fencing and lighting, garage-style roll up doors, personalized keypad entry, video surveillance and concrete driveways. Affordable Storage is comprised of 124 climate-controlled units, 9 enclosed RV parking units and 5 covered RV parking spaces. It is 91 percent occupied.

November 6, 2014

Industrial New Jersey Northeast

Duke Realty Opens First Warehouse at Legacy Commerce Center in New Jersey

by Amy Works November 6, 2014

LINDEN, N.J. — Duke Realty Corp. has opened the first of three warehouse properties at Legacy Commerce Center, a 60-acre Class A industrial and retail development at the former site of a General Motors’ assembly plant in Linden. Located at 801 W. Linden Ave., the 495,000-square-foot building features 50-by-50-foot column spacing, a 36-foot ceiling, an ESFR sprinkler system and parking for 300 vehicles. Legacy Commerce Center will offer 1.1 million square feet of space with 10 proposed retail pad sites and three proposed industrial sites, offering for-lease space and build-to-suit opportunities. Mindy Lissner, William Waxman, Steven Beyda, Susan Strauss-Rickwalder and Jamie Dennison of CBRE Group are overseeing leasing and marketing for the complex on behalf of Duke Realty.

November 6, 2014

Industrial Mississippi Southeast

Hart Corp. Brokers Sale of 200,000 SF Industrial Facility in Mississippi

by John Nelson November 6, 2014

SENATOBIA, MISS. — Hart Corp. has brokered the sale of a 198,723-square-foot facility on an 18.7-acre site in Senatobia. Jim Belcher and Bart Hardison of Hart Corp. represented the buyer, Calbee North America LLC, a Japanese joint venture. Colliers International represented the seller, The Hollingsworth Co., in the transaction. Tim Climer of the Tate County Economic Development Foundation and Emlyn Jackson of the Mississippi Development Authority assisted in attracting Calbee North America LLC to the facility.

November 6, 2014

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