EL PASO, TEXAS — CBRE has sold the 10/375 Industrial Portfolio, which totals nearly 1.1 million square feet. IndCor Properties purchased the assets for an undisclosed sum. The CBRE National Partners team of Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni, along with Anthony Mash of CBRE in El Paso, represented an institutional seller. The 10/375 Industrial Portfolio includes seven Class A bulk distribution buildings that are 83 percent occupied. Tenants include ProTrans International Inc., Electrical Components International and Handgards Inc. CBRE retains the leasing and property management assignments for the assets.
Industrial
FREMONT, CALIF. — Toyota Tsusho America (TAI) has signed a five-year lease for 64,396 square feet in Fremont. The industrial property is located at 41470-41490 Boyce Road. TAI is currently located at the Tesla Motors production facility. The vehicle development, production systems and engineering services provider needed to relocate due to Tesla’s expansion of its Model X and Model E production lines. TAI was represented by Craig Leiker and James Viso of Kidder Mathews. The landlord is Prologis.
NEWBERN, TENN. — Hart Corp. has arranged a 252,000-square-foot industrial lease in Newbern, a city in west Tennessee. The landlord, Embee Associates Inc., inked the lease with Rough Country, an automotive suspension systems manufacturer. Bob Blackman and Bart Hardison of Hart Corp. represented the landlord in the lease transaction.
ANTIOCH, ILL. — IDI Gazeley will construct a 454,276-square-foot building, the first at the planned 1.3 million-square-foot Antioch Corporate Center development in Antioch, approximately 47 miles north of Chicago. Building A will feature 36-foot clear heights, 48-by-60 foot bays and specifications for LEED accreditation. The park is located on Route 173, approximately one mile west of I-94 and one-half mile east of Route 45. Construction is expected to be complete in early 2015. The 97-acre industrial park was planned in 2008, but was put on hold as a result of the severe recession. Jack Rosenberg, Fred Regnery and Ned Frank of Colliers International will represent IDI Gazeley in marketing the property to tenants.
PLAINFIELD, IND. — Walmart has selected Browning/Duke Realty, a joint venture partnership between two Indianapolis commercial real estate companies, to develop its new e-commerce warehouse and distribution center. The 1.2 million-square-foot, state-of-the-art industrial building is being built to Walmart’s specifications on a 64-acre site in AllPoints Midwest, a bulk industrial campus in Plainfield under development by the two companies. Scheduled for delivery later this year, the building, which will be known as AllPoints Midwest 3, will incorporate modern bulk warehouse features. The facility will include 40-foot clear heights; 8,000-amp electrical service; 55-by-53-foot bay spacing with 55-by-60-foot spacing at the staging bays; and LED high-bay warehouse light fixtures. The 650-by-1,760-foot building, which is expandable by more than 200,000 square feet, also will include 16,500 square feet of office space, 100 9-by-10-foot dock doors and one 12-by-14-foot drive-in door. The Walmart facility will be the third fast-tracked, build-to-suit warehouse that Browning/Duke Realty has recently delivered at AllPoint Midwest. AllPoints Midwest is located off I-70 at Ronald Reagan Parkway and has access to the Indianapolis International Airport and the CSX Railroad’s Avon intermodal yard. Brian Seitz and Kris Bjorson of Jones Lang LaSalle represented Walmart in the transaction. Mark Susemichel and John Cohoat …
HOUSTON — TTS Marine Inc. has leased 14,560 square feet of industrial space at the Vickery Industrial Plaza, located at 14730 Vickery in Houston. Travis Land of NAI Houston represented the landlord, United Equities. Bruce Fehn of DTZ represented TTS Marine.
FREMONT, CALIF. — Quanta Computer has leased a 125,501-square-foot warehouse and distribution facility in Fremont. The Class A facility is located at 45101-45125 Industrial Drive. It is the former Autodesk & McCollister’s Moving & Storage facility. Quanta, one of the world’s largest notebook computer original design manufacturing companies, maintains more than 1 million square feet of industrial and R&D space throughout Fremont. The landlord, PS Business Parks, was represented by Ed Hofer and Greig Lagomarsino of Colliers.
PHOENIX — Vehicle Accessory Center has leased 15,717 square feet at Lincoln Commerce Park II in Phoenix. The business park is located at 2125 South 11th Ave. Vehicle Accessory Center is an exclusive distributor of General Motors auto parts and accessories. This is its first Arizona location. It will serve as a distribution center for the Phoenix metro region. The company was represented by Louis Finocchiaro of Cassidy Turley’s Industrial Services Group. The landlord, CREF LPC LLC, was represented by Jeff Conrad and Alan Lowe of Lee & Associates.
ATLANTA — IDI Gazeley plans to begin developing more than 1 million of square feet of speculative industrial space in metro Atlanta. The properties include Hamilton Mill Business Center Building C in Gwinnett County and Jefferson Distribution Center Building B in Jefferson County. IDI Gazeley plans to deliver the 196,000-square-foot Hamilton Mill property in the first quarter of 2015. The Hamilton Mill Business Center is 97 percent leased to tenants such as Office Depot, FedEx Freight, Daimler Trucks North America and Lund International. The 840,000-square-foot Jefferson Distribution Center facility is slated for a second quarter 2015 delivery. IDI Gazeley is part of Brookfield Logistics Properties following Brookfield’s acquisition of Atlanta-based IDI in 2013.
AURORA, ILL. — Marcus & Millichap has brokered the $16 million sale of a 63,740-square-foot FedEx freight terminal located in Aurora. The single-tenant, industrial asset is part of a two-property portfolio. The freight terminal is situated on 14.5 acres located at 3883 Butterfield Road. The Aurora FedEx freight terminal features a 55,120-square-foot main building with 6,800 square feet of office space. There is also 48,320 square feet of cross-dock working space, which serves as the customer center. The property contains a 6,550-square-foot, three-bay repair/wash building; a 1,600-square-foot fueling facility; and a concrete scale pit with an axle scale. The freight terminal has 104 loading/unloading doors with custom dock levelers and custom door seals. There are 269 tractor/trailer parking spaces and a separate employee parking lot that can hold up to 91 cars. Nick Manganais of Marcus & Millichap represented the seller, an Illinois-based family partnership. Howard Wiese of Marcus & Millichap represented the buyer, Welbic Investments, a private real estate investment fund.