SECAUCUS, N.J. – Cushman & Wakefield has arranged the sale of 60-70 Seaview Drive, a 146,000-square-foot industrial building in Secaucus. Stephen Elman and Jules Nissim of Cushman & Wakefield represented both the buyer, C.R. Laurence Co. Inc. (CRL), and seller, Principal Real Estate Investors. For C.R. Laurence, a supplier to the glazing, architectural, railing, construction, industrial and automotive industries, the acquisition marks a relocation and expansion by 100,000 square feet within the Secaucus market. Constructed in 1981, the single-story distribution facility at 60-70 Seaview Drive is situated on 6.7 acres. CRL’s existing 45,000-square-foot warehouse/distribution facility, located at 211 County Ave. in Secaucus, also company-owned, is currently available for sale.
Industrial
FORT WORTH, TEXAS — General contractor Speed Fab-Crete has broken ground on a 67,081-square-foot manufacturing and distribution facility for Granite Security Products Inc. in Fort Worth. The single-story facility, to be located adjacent to the Granite Security’s existing office and production headquarters at 4801 Esco Drive, will be the third facility constructed by Speed Fab-Crete for the tenant, a manufacturer of security containers. This design-build development involves a combination of precast concrete and pre-engineered metal superstructure. The project team also includes Callahan & Freeman Architects, Civil Point Engineers Inc., Hulsey Engineering and Leeming Design Group.
HOUSTON — Boyd Commercial has brokered the sale of a 30,675-square-foot industrial property in Houston. The building, located on 1.8 acres at 4321 Directors Row, is in close proximity to the interchange of I-610 and State Highway 290. David Munson of Boyd Commercial represented the buyer, 7100 North Loop East Inc., in the transaction. Lucian Bukowski and Wyatt McCulloch of CBRE represented the seller, Max 5 Holdings LLC.
DALLAS — Henry S. Miller Brokerage has arranged the sale of a 10,000-square-foot industrial building in Dallas. Located at 11464 Harry Hines Blvd. and in close proximity to the interchange of I-35 and I-635, the property will be used as a wholesale outlet by purchaser OM Imports, a jewelry and fashion accessory company. Turano represented the seller, Neal Mehta LP, in the transaction.
FONTANA, CALIF. — American Bolt & Screw has leased 72,650 square feet of industrial space at a Fontana industrial building. The 186,118-square-foot building is located at 14650 Miller Ave. within the Fontana Commerce Center business park. The five-year lease will commence in April. Walt Chenoweth and Bob Woods represented both the tenant and the landlord, Dolphin Partners, in this transaction.
WEST PALM BEACH, FLA. — McCraney Property Co. has plans to develop a new speculative warehouse/distribution center in its Vista Business Park, a 500-acre, Class A business park in West Palm Beach. The two-building, 100,000-square-foot project is the first new construction at the park in five years. City National Bank provided construction financing, Jose Jaramillo of JJ Architectural Group designed the facility and Michael Falk of Michael Falk & Co. LLC is handling leasing responsibilities. McCraney Property Co. expects to break ground in the first quarter of this year.
CHICAGO — Arthur J. Rogers & Co. has completed a lease on behalf of DHL Global Forwarding for a 491,120-square-foot, build-to-suit near O’Hare International Airport in Chicago. The $35 million project, located on a 24-acre parcel north of the airport, recently broke ground. The new Global Forwarding Center for DHL, the largest facility for the firm in the nation, will include 53,000 square feet of office space and a 423,030-square-foot warehouse. Jeanne Rogers of Arthur J. Rogers & Co. represented DHL Global Forwarding in the transaction. Ken Franzese and John Cassidy of Lee & Associates represented the ownership. Aeroterm is developing and constructing the facility, which is slated for a fall completion.
ALSIP, ILL. — Resource Plastics has signed a long-term lease for 170,563 square feet of industrial space at 5623 W. 115th Street in Alsip, a southern suburb of Chicago. The 399,511-square-foot industrial property was recently redeveloped by KTR Capital Partners to attract new tenants. Resource Plastics, a major plastic recycling, manufacturing and raw material distribution company, is relocating from Blue Island. Steve Connolly with NAI Hiffman’s industrial services group represented Resource Plastics in the transaction. Pete Roberson and Larry Johnson of CBRE represented KTR Capital Partners.?
FAIRVIEW, N.J. — NAI James E. Hanson has arranged a 13,100-square-foot lease at 815 Fairview Avenue, a 318,413-square-foot industrial building in Fairview, located about 25 miles north of Newark. The tenant, Paramount Services Inc., is relocating to 815 Fairview Ave. from Secaucus, N.J. Paramount, a construction company specializing in multifamily interior renovations, will use the space for storage of materials and light assembly. The space features 1,000 square feet of office space, a loading dock, 17-foot clear ceiling heights and ample parking. Thomas Vetter, Jeffrey DeMagistris and Nicholas Herrick at NAI Hanson represented the property’s landlord, Fairview Industrial Park Inc., in the transaction.
HOUSTON — NAI Houston has arranged a 38,070-square-foot warehouse lease in southwest Houston for Tool Mart Inc., a distributor of mechanical, plumbing and electrical tools for contractors. The facility, located at 13721 S. Gessner Road, is within the Beltway Crossing Business Park. John Ferruzzo and Chris Kugle of NAI Houston represented the tenant in the negotiations. Justin Robinson of Stream Realty represented the undisclosed landlord.