Industrial

JLL Arranges Sale of 220,380 SF Industrial Property in Stone Mountain, Georgia

by John Nelson May 9, 2024

STONE MOUNTAIN, GA. — JLL has arranged the sale of a three-building, 220,380-square-foot industrial property located at 4600-4680 Lewis Road in Stone Mountain, about 21 miles east of Atlanta. Dennis Mitchell, Britton Burdette, Matt Wirth and Jim Freeman of JLL represented the seller, Brennan Investment Group, and procured the buyer, Faropoint. The sales price was not disclosed. The property is located on 9.8 acres about a half-mile south of U.S. Highway 78 and 3.5 miles from I-285. New WinCup Holdings Inc., a manufacturer of foodservice products with more than 60 years in business, is the sole tenant.

May 9, 2024

Data Centers Development Industrial Midwest Top Stories Wisconsin

Microsoft to Invest $3.3B for Data Center Development in Mount Pleasant, Wisconsin

by Kristin Harlow May 9, 2024

MOUNT PLEASANT, WIS. — Microsoft has unveiled plans to invest $3.3 billion between now and the end of 2026 in the development of a data center campus in Mount Pleasant, about 28 miles south of Milwaukee. The tech giant plans to expand its national cloud and artificial intelligence (AI) infrastructure capacity. The project is expected to bring 2,300 unionized construction jobs to the area by 2025, as well as to provide long-term employment opportunities over the next several years. Along with building a physical data center, Microsoft will partner with Gateway Technical College to construct a data center academy. This facility will serve to train and certify more than 1,000 students over the course of five years to work in the new data center and IT sector. U.S. President Joe Biden joined Microsoft President Brad Smith and Wisconsin Gov. Tony Evers at Gateway Technical College on Wednesday for the announcement. “This is a watershed moment for Wisconsin and a critical part of our work to build a 21st-century workforce and economy in the Badger State,” says Evers. Microsoft’s data center is being built where former President Donald Trump had previously announced a $10 billion investment from Taiwanese electronics manufacturer Foxconn. …

May 9, 2024

Lakeview-Business-District-Rowlett-Texas

Industrial Leasing Activity Texas

SAF Holland Group Preleases 255,672 SF Industrial Building in Rowlett, Texas

by Taylor Williams May 8, 2024

ROWLETT, TEXAS — The SAF Holland Group has preleased a 255,672-square-foot industrial building in the northeastern Dallas suburb of Rowlett. The manufacturer of parts for trailers, trucks and buses will occupy the entirety of Building 6 at Lakeview Business District, a 1.8 million-square-foot development by Jackson-Shaw. Brad Balke and Ben Wallace represented SAF Holland Group in the lease negotiations. Construction of the initial phase of Lakeview Business Center is slated for a March 2025 completion.

May 8, 2024

Acquisitions Industrial Oregon Self-Storage Washington Western

Spartan Investment Group Acquires Three Self-Storage Facilities in Pacific Northwest for $44M

by Amy Works May 8, 2024

PORTLAND, ORE., AND VANCOUVER, WASH. — Colorado-based Spartan Investment Group has acquired three self-storage facilities in Oregon and Washington for $44 million. The seller was not disclosed. The 224,299-square-foot portfolio, which is managed by Extra Space Storage, includes: All properties were built within the last seven years and offer ground-level drive-up units, interior heated units with first floor and elevator access, interior non-climate-controlled units and parking spaces.

May 8, 2024

Development Georgia Industrial Southeast

GF Casting Solutions Selects Augusta for $184M Manufacturing Plant

by John Nelson May 8, 2024

AUGUSTA, GA. — GF Casting Solutions AG, a manufacturer of lightweight metal components for the transportation and energy industries, has selected Augusta as the site for a new plant. The company, a division of Swiss company Georg Fischer AG, will invest more than $184 million into the new facility. GF Casting’s LEED-certified facility will be situated within Augusta Corporate Park, a Georgia Ready for Accelerated Development site, and will produce cast-aluminum parts for the automotive industry. Operations are expected to begin in 2027 and create 350 new jobs for Richmond County. Civic and utility partners on the project include Georgia Power, the Georgia Department of Economic Development Global Commerce, Augusta Economic Development Authority, State of Georgia Europe Office and Georgia Quick Start.

May 8, 2024

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Arranges $20.7M Sale of South Florida Industrial Building Leased to The Shade Store

by John Nelson May 8, 2024

POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $20.7 million sale of a 93,873-square-foot industrial facility in Pompano Beach, a city in South Florida’s Broward County. The property is fully leased to The Shade Store, a retailer with 145 showrooms across the country. The tenant utilizes the space for manufacturing window treatments, distribution and housing its logistics department. Link Logistics purchased the industrial facility from Elion Partners. Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Rick Colon of Cushman & Wakefield represented the seller in the transaction. Matthew McAllister, Christopher Thomson, Christopher Metzger and Rick Etner of Cushman & Wakefield’s South Florida Industrial Team also supported the sale process and will represent the buyer in leasing efforts for the facility. The property is located within Gateway Industrial Park at 3141 S.W. 10th St., about 10 miles north of Fort Lauderdale via I-95. The facility, which was originally constructed as a build-to-suit for Bennett Auto Supply in 2001, features 24-foot clear heights, eight dock-high loading positions, two drive-in bays with ramps and an ESFR sprinkler system. The seller and The Shade Store made significant capital improvements to the facility prior to sale.

May 8, 2024

Acquisitions Industrial North Carolina Southeast

APG Capital Sells Industrial Building in Wilmington, North Carolina for $11.9M

by John Nelson May 8, 2024

WILMINGTON, N.C. — APG Capital has sold a 93,508-square-foot industrial building located at 3881 U.S. Highway 421 N in Wilmington. Fayetteville, N.C.-based Robeson Street Properties LLC purchased the asset for $11.9 million. Ferguson Enterprises, a wholesaler of plumbing and HVAC products, has fully occupied the facility since 2009 and recently signed a lease extension through 2033. The sale also included a five-acre lot 3901 U.S. Highway 421 N, which has the potential for development of a 30,000-square-foot building. Both parcels combined for over 14 acres, including a 2.3-acre lay yard. An affiliate of APG Capital originally acquired the property in 2013 for $5.6 million and has conducted over $2.7 million worth of building renovations during its ownership. Don Hyneman of APG Capital oversaw a 25,000-square-foot expansion of the building in 2023. David Divine and Daniel Walser represented the seller on an internal basis in the transaction, and Coastal Legacy Real Estate represented the buyer.

May 8, 2024

Acquisitions Arizona Industrial Western

Stos Partners Sells 94,186 SF Industrial Building in Phoenix to ViaWest Group

by Amy Works May 8, 2024

PHOENIX — Stos Partners has sold a 94,186-square-foot industrial building located at 1002 S. 54th Ave. in Phoenix to ViaWest Group for an undisclosed price. Copper State Bolt & Nut Co. fully occupies the building, which was originally built on 4.2 acres in the early 1990s and most recently renovated in 2023. The property features 7,000 square feet of office space, 24-foot clear heights, 17 dock-high doors, two grade-level doors, a fenced and secured yard, LED lighting and ample parking. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield, along with Anna Josephson of KBC Advisors, represented the seller in the transaction. Mike Haenel and Andy Markham of Cushman & Wakefield also advised on the deal.

May 8, 2024

Illinois Industrial Midwest Self-Storage

Devon Self Storage to Manage Six Properties Totaling 361,000 SF in Five States

by Kristin Harlow May 8, 2024

OAK BROOK, ILL. — Oak Brook, Ill.-based Devon Self Storage, a member of The Inland Real Estate Group of Cos. Inc., has been awarded the property management contract for six self-storage properties in Indiana, Colorado, Michigan, Nevada and Louisiana totaling roughly 361,000 square feet. The assets include a 603-unit property in Fort Wayne, Ind.; a 487-unit property in Northglenn, Colo.; a 459-unit facility in Waterford, Mich.; a 387-unit facility in Las Vegas; and a 595-unit property in Baton Rouge, La. To date, Devon manages 119 properties for 12 owners across the U.S. The firm expects to add approximately 100 additional self-storage facilities by year’s end.

May 8, 2024

Arkansas Development Industrial Southeast

Ti Cold to Build 125,000 SF Cold Storage Facility for Central Cold Solutions in Conway, Arkansas

by John Nelson May 7, 2024

CONWAY, ARK. — Ti Cold plans to develop a build-to-suit cold storage facility in Conway for Central Cold Solutions. The 125,000-square-foot property will feature 50-foot clear heights, structural steel pallet racks and the ability to regulate temperatures ranging from 40 to minus-20 degrees Fahrenheit. Central Cold Solutions aims to support food wholesalers, retailer and food manufacturing customers in Central Arkansas through this facility. The construction timeline for the project was not disclosed. Brad Lacy of the Conway Area Chamber of Commerce assisted in the site selection.

May 7, 2024

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