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IndustrialTexas

KFG Acquires Eight-Building Industrial Portfolio in Metro Austin

by Haisten Willis

AUSTIN AND ROUND ROCK, TEXAS — KFG Investment Co. has acquired an eight-building, 271,060-square-foot industrial portfolio in metro Austin. The company’s flex industrial portfolio in the area now includes 598,900 square feet. The acquisition includes Techni Center 6 and 7, located at 3714 Bluestein Drive in Austin, totaling 124,390 square feet; the five-building flex project known as Cameron Center, located at 8200 Cameron Road in Austin, totaling 94,770 square feet; and Amorron 6, located at 800 Paloma Drive in Round Rock, totaling 51,900 square feet. The portfolio is 96 percent leased. TA Associates and Clarion were the sellers. Tenants in the portfolio include Chip Semiconductor, Action Box Co., GTECH Corp., and Busch Semiconductor Vacuum Group.

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South-Dallas-Logistic-Center Package
IndustrialTexas

Ridgeline to Develop 453,600 SF Distribution Center in Dallas

by Haisten Willis

DALLAS — Ridgeline Property Group (RPG) and its capital partner Stockbridge Capital Group have purchased a 29.5-acre parcel in the South Dallas industrial submarket. The property will serve as the site of a 453,600-square-foot distribution facility. Construction on Eagle Park 20\35, named for its location at the intersection of Interstates 20 and 35, will begin in June and is scheduled to be completed in the first quarter of 2016. RPG and Stockbridge Capital Group purchased the site, which is located within the Eagle Business and Industrial Park at Centre Park Drive, from Danieldale/35E No. 2 Ltd. Kurt Griffin and Nathan Orbin of JLL represented the buyer and seller in the transaction. Eagle Park 20\35 will feature 32-foot ceiling heights, 185-foot dual truck courts and abundant trailer storage. The 400-acre Eagle Business and Industrial Park is home to tenants including Solar Turbines, Kohl’s, Sam’s Club and Kauffman Tire. The business park also offers access to air travel from Dallas Executive Airport.

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IndustrialTexas

Majestic Realty Purchases 2,000 Acres in Laredo

by Haisten Willis

LAREDO, TEXAS — Majestic Realty Co. has purchased a 2000-acre site from a subsidiary of Mercedes-Benz. Majestic plans to redevelop the site with warehouse distribution space to support commerce between Mexico and the United States. Laredo is a customs district with annual U.S-Mexico trade totaling $230 billion. Majestic executives have begun master-planning the development with the aim of putting the first phase of development into production immediately.

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Kor-Center-Bellmawr-NJ
IndustrialNew JerseyNortheast

Colliers Brokers $2.7M Sale of Two Industrial Buildings in New Jersey

by Amy Works

BELLMAWR, N.J. — Colliers has brokered the sale of two industrial/flex buildings at Korman’s Interstate Business Park in Bellmawr. Bellmawr Industrial and Technology Center LLC purchased the properties for $2.7 million from Korman Commercial Properties. The assets, which total more than 96,000 square feet, are located at 420 and 440 Benigno Blvd. The two-building property, called Kor-Center, is a multi-tenant complex. Current tenants are Show-n-Tell Media, an affiliate of the buyer; Dade Paper; Spectrum Show Services; and JDJ Construction; among others. Marc Isdaner of Colliers represented the seller in the transaction.

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PaperWorks-Syracuse-NY
IndustrialNew YorkNortheast

PaperWorks Industries Leases 496,200 SF Industrial Space in Syracuse

by Amy Works

SYRACUSE, N.Y. — Philadelphia Mills, Pa.-based PaperWorks Industries has signed a lease for 496,200 square feet of industrial space in Syracuse. PaperWorks has leased the space from Orangeball LLC through 2032. Dennis Hennessy of COR Brokerage represented the landlord, while Mark Rupprecht of CBRE/Syracuse represented the tenant in the transaction. Additional terms of the lease were not released.

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Overmyer Way Industrial Park Forest Park
GeorgiaIndustrialSoutheast

Sealy & Co., AEW Sell 242,000 SF Industrial Park in Metro Atlanta

by John Nelson

FOREST PARK, GA. — A joint venture between Sealy & Co. and AEW Capital Management have sold Overmyer Way Industrial Park in Forest Park, a major industrial submarket located south of Atlanta. The buyer and sales price were undisclosed. The 242,000-square-foot development featured 28-foot clear heights, truck courts, outdoor storage options and spaces ranging from 20,000 to 80,000 square feet. The joint venture purchased the industrial park in 2014.

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IndustrialMichiganMidwest

Brennan Acquires Industrial Building in Taylor, Mich.

by Danielle Everson

TAYLOR, MICH. — Brennan Investment Group, LLC, has acquired a Class-A, multi-tenant warehouse and distribution facility in Taylor for an undisclosed sales price. The 160,035-square-foot property is within the Trolley Industrial Park located at 21100 – 21110 Trolley Industrial Drive. Brennan Investment Group is a private real estate investment firm that acquires, develops and operates industrial properties on a national basis.

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511-Barry-St-NYC
IndustrialNew YorkNortheast

NAI James E. Hanson Arranges 84,400 SF Industrial Lease in the Bronx

by Amy Works

NEW YORK CITY — NAI James E. Hanson has facilitated a long-term lease for Plated, a weekly subscription-based service that provides boxes of fresh, seasonal, pre-portioned ingredients and chef-designed recipes. The company will occupy 84,400 square feet of industrial space at 511 Barry St. in the Bronx. Located off the Bruckner Expressway, the site provides easy access to several major highways, including the Major Deegan and Cross Bronx Expressways, as well as the Bronx River Parkway. Barry Cohorsky of NAI Hanson represented Plated, while John Reinertsen and Timothy Sheehan of CBRE Inc. represented the landlord, Baldor Specialty Foods Inc., in the transaction.

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CaliforniaIndustrialWestern

Silicon Valley Office, R&D Building Sells for $37.5M

by Nellie Day

SAN JOSE, CALIF. — Drawbridge Realty has purchased a two-building office and R&D campus in San Jose for $37.5 million. The 60,000-square-foot campus is located at 5300-5350 Hellyer Ave. in the Silicon Valley region. The space is triple-net leased to Cobham Electronic Systems through May 2022. The firm develops and manufactures microwave and millimeter wave products, among other things. The property has served as Cobham’s Western U.S. headquarters since it was first built in 2000. The seller, Hellyer Avenue LP, was represented by CBRE’s Joe Moriarty.

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CaliforniaIndustrialWestern

Silicon Valley Office, R&D Complex Changes Hands

by Nellie Day

SAN JOSE, CALIF. – A 160,000-square-foot office and R&D campus in Silicon Valley has sold to Drawbridge Realty for an undisclosed sum. The campus contains two office and R&D buildings that were fully leased to Cobham Electronic Solutions. The buildings are located at 5300 and 5350 Hellyer Ave. in San Jose. It was constructed in 2000. The seller, Hellyer Avenue Limited Partnership, is a partnership lead by affiliates of Berg & Berg and Republic Properties Corporation. It was represented by CBRE’s Joseph Moriarty, Russell Ingrum, Sean Sullivan, Brad Zampa, Tyler Meyerdirk and Bob Steinbock.

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