SAN MARCOS, TEXAS — Mensor Corp., a manufacturer of pressure and temperature calibration devices, has started construction on a new 45,000-square-foot flex facility in San Marcos, a northeast suburb of San Antonio. The $7.5 million building has broken ground next to the company’s existing 26,000-square-foot facility, which may be demolished following completion of the new development. The Greater San Marcos Partnership, a public-private partnership focused on job creation and increased investment in the surrounding area, provided business expansion services for Mensor including site selection, demographic and tax analysis, as well as incentives. Mensor expects the new facility to open in the fall of 2014.
FORT MILL, S.C. — Dallas-based Venture Commercial Real Estate has arranged a $39 million sale-leaseback with Northern Tool + Equipment for its distribution center in Fort Mill. Northern Tool + Equipment sold its 701,595-square-foot facility, which is located at 1850 Banks Road, to One Liberty Property. Clay Mote of Venture Commercial represented Northern Tool + Equipment in the transaction. Joe Owen of Dallas-based Owen Holdings Inc. represented One Liberty Property, a publicly traded REIT. Northern Tool + Equipment signed a 15-year lease at the distribution center.
NORTH AURORA, ILL. — USAA Real Estate Co. and The Opus Group have started construction on I-88 Gateway Logistics Center, a 604,565-square-foot speculative industrial building in suburban Chicago. USAA Real Estate Co. acquired the 32-acre site in North Aurora in September and contracted The Opus Group to develop, design and construct the industrial building, which USAA Real Estate Co. will own. The speculative building will be located at 1200 Orchard Gateway Blvd. The building will feature 32-foot clear ceiling heights, 60 docks, 103 trailer parking spaces, office space and future expansion capabilities to 1 million square feet. The project is slated for completion in June 2014. Opus Design Build LLC will construct the building, and Opus AE Group LLC will serve as project architect.
ARVADA, COLO. – An 80,640-square-foot industrial building in Arvada has sold to an unnamed buyer for $5.1 million. The building is located at 5861 Tennyson Street. It is fully occupied by Priority Plastics. The buyer was represented by Pinnacle Real Estate Advisors.
DUNCAN, S.C. — Atlanta-based Pattillo Industrial Real Estate plans to break ground on a 108,000-square-foot, Class A industrial spec building in Hillside Industrial Park in Duncan. The property will be located on a 30-acre site near Interstate 85 and Highway 20. The property will be expandable up to 232,000 square feet and will be available for sale or lease. Hillside Industrial Park spans 14 buildings and nearly 1.2 million square feet of existing industrial space, which is fully occupied. The new facility will feature at least 30-foot clear ceiling heights, a 150-foot truck court, 19 dock high doors, a drive-in door and a TPO roof system. Pattillo expects to wrap up construction in the second quarter of 2014. NAI Earle Furman will handle leasing the property.
HAMPSTEAD, MD. — The Hampshire Cos., a private real estate investment firm, has sold a 1 million-square-foot distribution center in Hampstead to STAG Industrial Inc. The distribution center sold for approximately $44 million. The facility is located at 630 Hanover Pike, approximately 29 miles from the Port of Baltimore. The property is currently leased to Dart Container. The property features high clear ceiling heights, motion-sensor T-5 lighthing, full-building circulation, 85 loading docks and 77 trailer drops. Cassidy Turley represented The Hampshire Cos. in the transaction.
CHICAGO — Duke Realty Corp.’s Chicago office has signed leases totaling 212,680 square feet with two tenants, absorbing all of its remaining available space in its existing 10.9 million-square-foot industrial portfolio in the Chicago market. Logistics services provider Metro Air Services signed an 88,060-square-foot lease at O’Hare Distribution Center, located at 11501 W. Irving Park Road in Franklin Park. Hub One Logistics Ltd., a Pittsburgh-based company that provides warehouse and logistics solutions to quick-service and fast-casual restaurant chains, renewed its 124,800-square-foot lease at Crossroads 2 in Romeoville. The 460,800-square-foot building is located at 1255 Schmidt Road. Brian Carroll with Newmark Grubb Knight Frank represented Metro Air Services, and David Bercu, Jonathan Kohn and Tom Rodeno with Colliers International represented Duke Realty. Kris Bjorson with Jones Lang LaSalle represented Hub One Logistics in its lease, and Jason West and Sean Henrick with Cushman & Wakefield represented Duke Realty. Susan Bergdoll, vice president of leasing at Duke Realty, also represented Duke in the three transactions.
PISCATAWAY, N.J. — Terreno Realty Corp. has acquired an industrial property in Piscataway, located six miles north of New Brunswick, for $7 million. The property includes two multi-tenant industrial buildings spanning 105,000 square feet on 7.7 acres. The buildings feature 19 dock doors and are located at 60 and 70 W. Ethel Road, within two miles of I-287. The buildings are 76 percent leased to nine tenants.
ARVADA, COLO. – An 80,640-square-foot industrial building in Arvada has sold to an unnamed buyer for $5.1 million. The building is located at 5861 Tennyson Street. It is fully occupied by Priority Plastics. The buyer was represented by Pinnacle Real Estate Advisors.
RICHMOND, VA. — The Hampshire Cos., a private real estate investment firm, has sold a 317,400-square-foot warehouse, located at 5700 Audubon Drive in Richmond, to Easton & Associates. The warehouse has 26-foot clear ceiling heights, 15 dock overhead doors and one grade-level door. CBRE represented The Hampshire Cos. in the transaction.