Industrial

CBRE BROKERS SALE OF AUSTIN INDUSTRIAL PORTFOLIO

by admin July 19, 2013

AUSTIN, TEXAS — CBRE has brokered the sale of Austin Industrial Park and Wall Street Business Park, two complexes totaling 163,750 square feet, to Industry Capital Advisors LLC. Austin Industrial Park is a 93,750-square-foot, 54-unit complex located at 5214 Burleson Road in Austin’s Southeast submarket. The property is currently 84 percent occupied. Wall Street Business Park is a 70,000-square-foot, 44-unit complex located at 8900-8906 Wall St. within the Walnut Creek Business Park in Austin. The property is currently 81 percent occupied. Mark Emerick and John Barksdale of CBRE represented the seller, RLA Real Estate.

July 19, 2013

COBALT INDUSTRIAL REIT III PURCHASES 96,285 SF WAREHOUSE

by admin July 19, 2013

HOUSTON — Cobalt Industrial REIT III has purchased a 96,285-square-foot warehouse facility at 14516 Heathrow Forest Parkway. John Ferruzzo of NAI Houston and Michael Morgan of Interstate Tenant Advisors represented the seller, Primesource Building Products, in the transaction. Ed Bane and Jon Michael, also of NAI Houston, represented the buyer.

July 19, 2013

Industrial Southeast

REGER HOLDINGS ACQUIRES 349,000 SF INDUSTRIAL PORTFOLIO

by admin July 18, 2013

SOUTH CAROLINA — Reger Holdings has purchased a five-property portfolio of South Carolina industrial buildings for $8.6 million. The portfolio contains 349,000 square feet of space. The properties comprise 1001, 1005 and 1025 Technology Court in West Columbia; 103 Lachicotte Road in Lugoff; and 7421 E. Spartan Blvd. in North Charleston. With this purchase, Reger Holdings now controls nine industrial buildings in South Carolina totaling 710,000 square feet of space. Chuck Salley and Dave Mathews of Colliers International represented the buyer in the deal. The seller’s name was not disclosed.

July 18, 2013

Industrial Midwest

KTR CAPITAL BUYS 108,732 SF WAREHOUSE IN MOUNT PROSPECT

by admin July 18, 2013

MOUNT PROSPECT, ILL. — KTR Capital Partners has purchased 1660 Wall Street, a 108,732-square-foot warehouse/distribution building in Mount Prospect, located about 22 miles northwest of Chicago. Situated at the intersection of Algonquin and Elmhurst roads, the building is part of The Alter Group’s Lake Center Corporate Park. The property features 30-foot ceilings, 19 exterior truck docks, two drive-in doors and 16 trailer parking stalls. EnTrust Realty Advisors LLC, an affiliate of The Alter Group, was the seller. The purchase price was undisclosed.

July 18, 2013

Industrial Northeast

NORTHMARQ ARRANGED $14.2M LOAN FOR INDUSTRIAL PORTFOLIO

by admin July 18, 2013

EDISON, N.J. — NorthMarq’s Boston office has arranged a $14.2 million first mortgage loan for the refinancing of an industrial portfolio in Edison. The properties are located at 300 Columbus Circle and 400 Raritan Center and total 204,440 square feet. Financing was based on a five-year term and includes a 25-year amortization schedule. NorthMarq arranged this financing for the borrower, High Street Equity, through a life insurance company lender.

July 18, 2013

Industrial Midwest

PLUMBING SUPPLY CO. BUYS 50,000 SF BUILDING IN ST. LOUIS

by admin July 17, 2013

ST. LOUIS, MO. — Plumbers Supply Co. (PSC) has purchased a 51,000-square-foot building located at 4500 Swan Ave. in St. Louis for $975,000. PSC will move from its current 30,000-square-foot headquarters at 6135 Horton Place in University City to its new location in September. Jake Shepley of Hilliker Corp. represented the buyer.

July 17, 2013

Industrial Midwest

PROCESS GEAR RELOCATES, SIGNS 34,106 SF IN METRO CHICAGO

by admin July 17, 2013

DES PLAINES, ILL. — Entre Commercial Realty LLC has brokered an industrial lease for 34,106 square feet at 2064 South Mannheim Road in Des Plaines, a northwest suburb of Chicago. Process Gear, a 60-year old company that creates custom manufacturing products, is relocating from Schiller Park to the industrial property. Tom Boucher and Dan Benassi of Entre Commercial Realty LLC represented the landlord and Ed Lowenbaum of Lowenbaum REP represented the Process Gear in the transaction.

July 17, 2013

Industrial Texas

ANGELIC REFINANCES JAYMAR HOUSTON PORTFOLIO

by admin July 17, 2013

HOUSTON — Angelic Real Estate has arranged a $24.4 million loan on a seven-property industrial portfolio in Houston known as the Jaymar portfolio. The three-year, floating rate loan includes an extension option for up to two additional years. Interra Properties has taken over property management and leasing responsibilities and has increased occupancy to 90 percent as of the loan closing. Gabriel Silverstein and Louis D’Lando of Angelic Real Estate led the financing team. Northstar Realty Finance Corp. was the lender in the transaction.

July 17, 2013

Industrial Western

COMMERCE LOGISTICS FACILITY CHANGES HANDS

by admin July 16, 2013

COMMERCE, CALIF. – A seven-acre logistics facility in Commerce has sold to CenterPoint Properties for an undisclosed sum. The property is located at 5800 Sheila Street near the BNSF and Union Pacific intermodal rail yards. The transload facility includes a container yard. It is currently occupied by Pacer Cartage, a subsidiary of the Pacer International. CenterPoint was represented by Jack Cline Jr. and Gregory Gill of Lee & Associates.

July 16, 2013

Industrial Southeast

THALHIMER ACQUIRES WAREHOUSE FOR MULTIFAMILY REDEVELOPMENT

by admin July 16, 2013

RICHMOND, VA. — Thalhimer Realty Partners, the investment and development subsidiary of Cushman & Wakefield | Thalhimer, has acquired an approximately 100,000-square-foot industrial building located at 3200 W. Clay St. in Richmond from ABNOR Corp. for $1.8 million. Thalhimer plans to redevelop the property into a 100-unit apartment community that will also include a clubhouse, fitness center, pool and interior parking. Construction will begin in January 2014. Walter Parks Architects will design the project and MGT Construction will build it. Upon completion, Cushman & Wakefield | Thalhimer’s Residential Property Services Group will manage it.

July 16, 2013

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