PHOENIX – The first phase of Airport I-10, a three-building industrial park that will total more than 600,000 square feet, has broken ground in Phoenix’s Sky Harbor Airport area. The Class A park will be located at the northwest corner of 24th Street and Rio Salado. Phase I is scheduled for completion this fall. Airport 1-10 will eventually contain five industrial buildings that total 920,584 square feet. Once complete, it will be one of the largest Sky Harbor Airport-area speculative industrial developments in Phoenix. The development is a joint venture between Wentworth Property Companyand Clarion Partners. JLL’s Pat Harlan, Steve Sayre, Kyle Westfall and Mark Detmer will serve as the park’s exclusive leasing agents.
Industrial
EL CAJON, CALIF. — Master Halco has leased a 21,925-square-foot industrial property in El Cajon. The space is located at 485 North Raleigh Ave. The wholesale distributor and manufacturer of perimeter security and fencing was represented by Rusty Williams and Chris Roth of Lee & Associates – North San Diego County’s office in Carlsbad.
NAPERVILLE, ILL. — CenterPoint Properties has sold a 152,859-square-foot industrial building in suburban Chicago to Tri-Ring American Corp. The building is located at 820 Frontenac Road in Naperville and situated on 11.6 acres. Tri-Ring American Corp., a manufacturer of automotive components, will use the property for its distribution facility. Eric Tresslar, Joe Bronson and Kyle Barrett with NAI Hiffman’s industrial services group represented CenterPoint Properties in the transaction. Jeff Gilbert of Wagener Equities represented Tri-Ring.
NILES, ILL. — Scannell Properties has selected Meridian Design Build to provide design-build services for a new 306,448-square-foot package sorting and distribution center in Niles. The scope of the project includes the redevelopment of a 34-acre site at the northeast corner of Howard and Lehigh that was home for more than 50 years to a Grainger Industrial Supply distribution center. The project will include demolition of an existing 756,000-square-foot building and adjacent parking lots. The new automated sort facility will include 249 exterior trailer stalls and 556 employee parking stalls. Additional improvements include a vehicle maintenance garage and gateway security building designed to support daily operations at the facility. Precept Design LLC is providing architectural services. Spaceco Inc. is completing civil engineering work.
NEW YORK CITY — RKF has arranged the $60 million sale of a 322,390-square-foot industrial property located at 47-25 34th St. in Long Island City. RKF previously represented the owner of the building 13 months ago when they acquired the property for $40.7 million. In this latest transaction, Jeff Fishman of RKF represented the seller of the building, a pair of tenants-in-common entities managed by BLDG Associates Inc. Empire Leasing and Development Inc. represented the buyer, Brickman 34th St LIC LLC. The three-story building is located between Queens Boulevard and the Long Island Expressway.
BOLINGBROOK, ILL. — Network Strategy LLC has sold 13 acres of land to Seefried Industrial Properties in Bolingbrook, a Chicago suburb. Seefried Industrial Properties plans to build a speculative building on the property, located on the corner of I-55 and Veterans Parkway. The purchase price was not disclosed. Ben Cremer and Michael Robbins with NAI Hiffman’s industrial services group represented Network Strategy in the transaction. Trevor Ragsdale and Grant Glattly of JLL represented Seefriend Industrial Properties.
FARMINGTON HILLS, MICH. — Polyflex Product Inc. has leased of 12,000 square feet of industrial space at 23460 Industrial Park Drive in Farmington Hills. The space is comprised of 3,000 square feet of office space and 9,000 square feet of warehouse space. Peter E. Kepic, Peter J. Kepic and Ryan Brittain of Colliers International represented the landlord, Selesco Associates Inc., in the lease transaction.
NEW YORK CITY — Kalmon Dolgin Affiliates Inc. (KDA) has arranged the $4.2 million sale of a 31,000-square-foot building at 83-14 72nd Drive in the Glendale neighborhood of Queens. Grant Dolgin and Dmitri Gourianov of Kalmon Dolgin Affiliates, along with Joseph Eliasoph of Sholom & Zuckerbrot represented the seller, Franco-American Novelty Co., in the transaction. Charles Wong from Greiner Maltz worked on behalf of the buyer, Utopia Produce Inc. The one-story warehouse at 83-14 72nd Drive features a 4,000-square-foot office as well as 4,600 square feet of land. The building has one drive-in door, 20-foot ceilings and gas heat.
BOSTON — Diamond Express Air Freight has signed a lease for 9,514 square feet at 230 McClellan Highway in East Boston near Logan International Airport. The five-building air freight park was 96 percent occupied at the time of the lease. Richard McKinnon of The Grossman Cos. represented the landlord, 230-240 McClellan Highway LLC, in the transaction.
HOUSTON — Developer Skanska has broken ground on a 280,000-square-foot data center facility in Houston for CyrusOne, an information technology infrastructure provider serving more than 600 clients in a variety of industries. The building, which will include 34,000 square feet of shell office space, will be the third at CyrusOne’s Houston West campus. Upon the building’s completion, the Houston West campus will comprise more than 1 million square feet. Kirksey Architecture provided design services for the project.