Industrial

Woodmont Industrial Partners Opens 400,000 SF Warehouse Facility in Pennsylvania

by Amy Works March 20, 2015

MIDDLETON, PA. — Woodmont Industrial Partners has opened the newest facility at Capital Logistics Center. Located at 200 Capital Lane, the 400,000-square-foot warehouse facility is LEED certified. A joint venture between Woodmont Industrial Partners and AEW Capital Management owns the six-building, 1.55 million-square-foot industrial park in Middletown. The joint venture purchased the industrial park in 2013. As part of the capital improvement program, two buildings that were more than 50 years old were demolish with 200 Capital Lane and 300 Capital Lane being constructed in their place.

March 20, 2015

Industrial Office Texas

TNRG Arranges Sale of Office/Warehouse Buildings in Houston

by Haisten Willis March 19, 2015

HOUSTON — TexWhouse Inc. has purchased two office/warehouse buildings in Houston. The two single-tenant buildings, spanning 6,000 square feet and a 10,000 square feet, are located at 3103 and 3113 Farrell Road, respectively. Mike Spears, Thomas Leger and Robert McGee of TNRG represented the buyer, TexWhouse, and the seller, Farrell Road Park North LLC.

March 19, 2015

Industrial Michigan Midwest

NGKF Arranges 117,709 SF Industrial Lease for ATW Automation in Wixom, Mich.

by Danielle Everson March 18, 2015

WIXOM, MICH. — Newmark Grubb Knight Frank (NGKF) has arranged the lease of a 117,709-square-foot manufacturing facility in Wixom. ATW Automation Inc. is relocating its Michigan manufacturing facility from 12841 Stark Road in Livonia, Mich., to this facility located at 31077 Durr Drive. The Ontario-based company designs and builds factory automation solutions. Anthony Avendt, Rob Renaud and Cam Graham of NGKF represented ATW in the lease. The building is situated on more than 12 acres and includes 27,800-square-feet of office and administrative space. ATW will take occupancy of the new facility immediately and is currently working with the city of Wixom to rename the street in honor of its long-term commitment to the community and its clients.

March 18, 2015

Industrial Midwest Ohio

Monmouth Real Estate Investment Corp. Acquires Industrial Property in Monroe, Ohio

by Danielle Everson March 18, 2015

MONROE, OHIO — Monmouth Real Estate Investment Corp. has acquired a new 232,200-square-foot industrial building in Monroe for $13.4 million. The build-to-suit property is located at 201 Exploration Drive, and is net leased to UGN Inc., a supplier of parts for the Japanese automotive industry, for 15 years. The building is situated on more than 22 acres and is expandable by an additional 155,000 square feet. The Class A industrial facility is located off I-75 and is in close proximity to Honda and Toyota’s U.S. headquarters.

March 18, 2015

Industrial Southeast Virginia

Goldstar Group Buys Industrial Warehouse in Northern Virginia for $9.4M

by John Nelson March 18, 2015

MANASSAS, VA. — The Goldstar Group, a private real estate investment and development firm, has purchased a 186,000-square-foot industrial warehouse facility located at 9061 Euclid Ave. in Manassas for $9.4 million. Constructed in 1977, the warehouse was 92 percent leased at the time of sale to two tenants. Stephen Perkins of Newmark Grubb Knight Frank represented the buyer and seller, Euclid Avenue Investors LLC, in the transaction. Clifford Mendelson of Metropolis Capital Finance arranged the debt and equity financing for the acquisition.

March 18, 2015

Industrial North Carolina Southeast

Piedmont Properties/CORFAC Brokers $4M Sale of Industrial Property in Charlotte

by John Nelson March 18, 2015

CHARLOTTE, N.C. — Piedmont Properties/CORFAC International has brokered the $4 million sale of an 80,000-square-foot industrial property located at 10210 Pineville Road in Charlotte. The purchase also included 10 acres of land. Jim Plyler of Piedmont/CORFAC and Xan Law of Investment Partners of Charlotte Ltd. represented the seller, Ellison Co. Inc., in the transaction. Plyler and Law also procured the buyer, TT of HY Pineville LLC.

March 18, 2015

California Industrial Western

Cherryman Industries Leases Space at Campus 2100 in El Segundo

by Nellie Day March 18, 2015

EL SEGUNDO, CALIF. – Cherryman Industries has leased 17,223 square feet at Campus 2100 in El Segundo. The three-building campus is the former home of Rhythm & Hues Studios. The furniture manufacturing company signed a 10-year lease at the property. It will serve as the firm’s corporate headquarters. Cherryman was represented by Wes Honeycutt and Matt Moore of Newmark Grubb Knight Frank. Tom Sheets and Chris Sinfield of Cushman & Wakefield represented the landlords, Rockwood Capital, LLC (Rockwood) and Marshall Property & Development, in this transaction.

March 18, 2015

California Industrial Western

Stihl Inc. Buys Visalia Industrial Building for $6M

by Nellie Day March 17, 2015

VISALIA, CALIF. – Stihl Inc. has acquired a 139,655-square-foot industrial building in Visalia for nearly $6 million. The building is located at 9810 Ferguson Ave. It was built in 2008. Stihl, a chainsaw manufacturing company, will occupy 67 percent of the building. It will share the space with Sorma USA LLC, a produce packaging company that occupies 45,967 square feet. Stihl was represented by Craig “Cap” Caprioffi of Fortune Associates. Westcore Properties was represented by Doug Burr of Burr Commercial.

March 17, 2015

Industrial Washington Western

Padden Industrial Park in Vancouver Sells for $3.2M

by Nellie Day March 17, 2015

VANCOUVER, WASH. – Padden Industrial Park in Vancouver has sold to Herschell Management for $3.2 million. The 40,870-square-foot park is located at 7613 NE Street Johns and 4601 NE 78th Street. It is composed of five buildings. Herschell was represented by Garret Harper of NAI Norris, Beggs & Simpson. The seller, Heuvel Enterprises LLC, was represented by Jim Lewis of Cushman & Wakefield.

March 17, 2015

Industrial Michigan Midwest

Pneumatic Feed Service Buys 2,280 SF Industrial Property in Clinton Township, Mich.

by Danielle Everson March 17, 2015

CLINTON TOWNSHIP, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 32,280-square-foot industrial building located at 19000 Fifteen Mile Road in Clinton Township. Pneumatic Feed Service purchased the property for an undisclosed sales price. Pneumatic Feed Service is a manufacturer of coil handling and press feed equipment. Jason Capitani and Joe DePonio of L. Mason Capitani represented the buyer in the transaction.

March 17, 2015

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