BRIDGEVIEW, ILL. — Peak Construction Corp. has completed the renovation of a 121,900-square-foot manufacturing facility for Pactiv in Bridgeview approximately 13 miles southwest of Chicago’s Loop. Peak completed the renovation on behalf of Darwin Realty & Development Corp., the developer for the project. Renovation of the 50-year-old building included the demolition of the existing boiler and fire protection system, the installation of new energy efficient heating units with a new ESFR fire protection system and new dock equipment, a new 5,500-square-foot link connecting their buildings and new pavement and landscaping. Pactiv is a manufacturer of products for the foodservice industry. The facility will house a dry offset printing process.
Industrial
MOUNT VERNON, N.Y. — NAI Friedland has brokered the sale of an industrial building in Mount Vernon for $3.85 million or approximately $48.26 per square foot. 750 South Fulton Storage LLC purchased the multiuse, two- to three-story structure and plans to renovate the property into a mini storage facility. The building’s seller, Wampum LLC, previously used the building for various commercial uses, including retail, office and warehouse space. Andy Grossman of NAI Friedland represented both the buyer and seller in the transaction.
HOUSTON — Cadence McShane Construction will build Phase I of the Airtex Commerce Center industrial park on behalf of co-developers Molto Properties and Generational Commercial Properties. The 166,250-square-foot space is located at 431 E. Airtex Drive in Houston. The project is just east of Interstate 45 and three miles north of Beltway 8 with access to George Bush Intercontinental Airport. Powers Brown Architecture is the project’s architect.
ANGLETON, TEXAS — The Angleton City Council has approved plans for Angelton 288 industrial park, a 35-acre site off Highway 288 at CR 341. Plans call for an 18,000-square-foot and a 24,000-square-foot building ready for occupancy in the first quarter of 2015. The park, located 45 minutes south of Houston, will span 400,000 square feet when finished. The city council also approved the expansion of utilities in the area. Development costs are expected to range from $15 million to $18 million.
PHOENIX – A 28,520-square-foot industrial building in Phoenix has sold to Aim Wholesale for $2 million. The building is located at 2757 E. Chambers Street in the Southern Gardens Industrial Building. It had been occupied by plumbing products distributor Bobier Sales since 2006. Aim Wholesale will be expanding from its former 19,000-square-foot space. The purchasing entity was Syllar Enterprises. The seller was 2757 E Chambers LLC. Steve Bodeman of DAUM’s Phoenix office represented both parties in this transaction.
SALT LAKE CITY — USAA Real Estate Company has announced plans to build a 590,000-square-foot logistics center in Salt Lake City. The dual distribution warehouses will be situated on 31 acres at the entrance to the master-planned Bonneville Center. The 480-acre Bonneville Center is located two miles west of Salt Lake City International Airport. The new Class A project is known as I-80 Logistics Center due to its close proximity to the interstate. The first phase of I-80 Logistics Center will include two buildings of 305,760 square feet and 283,920 square feet. Each building will be designed to accommodate up to six tenants. The properties can also be combined to accommodate a larger user that requires up to 650,000 square feet. The project is being co-developed by Seefried Properties. USAA originally acquired 57.4 acres near the Bonneville Center, 26.4 of which may be used to construct a third building with 502,320 square feet at a later date.
LITHIA SPRINGS, GA. — Keurig Green Mountain Inc. has purchased a 584,678-square-foot production facility located at 7705 Staples Drive in Lithia Springs, roughly 17 miles west of Atlanta. Known for its single-serving coffee and tea brewing, Keurig will produce pods for its new Keurig Cold beverage platform at the property. Sean Boswell and Scott Plomgren of Colliers International represented the seller, CenterPoint Properties, in the transaction. The facility features 9,200 square feet of office space, 32-foot clear heights, 80 exterior docks, three drive-in doors, 196-space parking lot and 199 trailer positions.
JONESBORO, ARK. — Binswanger has arranged the sale of a single-story 188,771-square-foot manufacturing and warehouse facility located at 3100 Nordex Drive in Jonesboro. The industrial facility is situated on a 195-acre parcel in the Craighead Technology Park, which is located three miles from the future Interstate 555. TrinityRail Maintenance Services Inc., an operating unit of TrinityRail Group LLC, purchased the asset from Nordex USA. Nordex invested $100 million to build the wind turbine production plant in 2008. Holmes Davis of Binswanger’s Dallas office represented Nordex in the transaction.
GRAND PRAIRIE, TEXAS — Amcor has leased 211,850 square feet of industrial space in Great Southwest 47 at 610 W. Trinity Blvd. in Grand Prairie, 13 miles west of Dallas. Blake Anderson and David Eseke of Cassidy Turley, along with Greg Kloiber of Top Gun Advisors, represented Amcor. Jeff Folkmann represented the landlord, Prologis, internally.
GARLAND, TEXAS — LaBodega Meat has renewed its lease of 96,000 square feet at Logistics Pointe/Garland for another 15 years. The wholesale grocery and meat business will remain at 2600 McCree Road in Garland, adjacent to Interstate 35. Westmount Realty Capital, which owns the property, and LaBodega together will make an investment of nearly $10 million during the next two years in improvements and new bakery equipment. David Sours and Kevin Kelly of CBRE represented the tenant.