Industrial

56,219 SF INDUSTRIAL COMPLEX IN NORTHBROOK SELLS FOR $2.5M

by admin November 20, 2013

NORTHBROOK, ILL. — Marcus & Millichap has arranged the $2.5 million sale of 1828-1908 Techny Court in Northbrook, a northern suburb of Chicago. Techny Court is a three-building, multi-tenant flex/industrial complex totaling 56,219 square feet. The property is currently 79 percent occupied with 11,686 square feet available for lease and staggered lease expiration schedules. Stephen Lieberman and Paul Tesdal, investment specialists at Marcus & Millichap’s Chicago office, marketed the property on behalf of the seller.

November 20, 2013

JLL BROKERS $20.7M SALE OF INDUSTRIAL PROPERTY IN BOSTON

by admin November 20, 2013

BOSTON — Jones Lang LaSalle has arranged the $20.7 million sale of an industrial property within Devens Industrial Park in Boston. Jones Lang LaSalle represented O’Reilly Auto Parts, one of the nation’s top auto parts suppliers, in the purchase of 15 Independence Drive from Hackman Capital Partners, Oak Tree Capital and Calare Properties. The Class A warehouse property spans 370,545 square feet and includes 30-foot clear heights and 57 loading docks. Rick Schuhwerk, executive vice president, Tony Coskren, vice president and Brian Pinch, associate at Jones Lang LaSalle, have executed 605,545 square feet of transactions in the Devens Industrial Park in the past three months.

November 20, 2013

Industrial Texas

MONMOUTH BUYS HOUSTON INDUSTRIAL ASSET FOR $15.3M

by admin November 20, 2013

SPRING, TEXAS — Monmouth Real Estate Investment Corp. has acquired a 114,923-square-foot industrial asset in Spring, a northern suburb of Houston, for $15.3 million. The building, net leased for 10 years by FedEx Ground Package System Inc., is located at 21200 Spring Plaza Drive on approximately 17 acres. The property is in close proximity to Interstate 45 and the site of Exxon Mobil’s new headquarters. Monmouth has now acquired five properties totaling more than 1.1 million square feet in the first quarter of fiscal 2014, which runs from Oct. 1, 2013 to Sept. 30, 2014.

November 20, 2013

Industrial Texas

LEE & ASSOCIATES BROKERS 20,471 SF WAREHOUSE SALE IN DALLAS

by admin November 20, 2013

DALLAS — Lee & Associates has brokered the sale of a 20,471-square-foot industrial property in Dallas. The warehouse facility, located at 2605 Northaven Road, was originally constructed in 1971 and features 20-foot clear heights. Nathan Denton of Lee & Associates represented the seller, McGray Group II LLC, in the transaction. Tracy Peterson of ReMax DFW represented the buyer, remediation and compliance services provider Environmental Logistics.

November 20, 2013

Industrial Western

MOUNTAIN VISTA COMMERCE CENTER IN PHOENIX SELLS FOR $11.3M

by admin November 19, 2013

PHOENIX — Mountain Vista Commerce Center in Phoenix has sold to Aspen Capital Partners for $11.3 million. The three-building, 134,713-square-foot industrial complex is located at 14647 S. 50th Street. It was built in 1999 and was 93 percent leased at the time of sale. Dan Calihan, Pat Feeney, Joe Porter and Rusty Kennedy of CBRE’s Phoenix office represented both the buyer and the seller, BSP Mountain Vista LLC, in this transaction.

November 19, 2013

Industrial Western

FAIRFIELD INDUSTRIAL BUILDING CHANGES HANDS

by admin November 19, 2013

FAIRFIELD, CALIF. – A 60,000-square-foot warehouse/distribution facility in Fairfield has sold to DBI Properties for an undisclosed sum. The building is located at 2449 S. Watney Way. DBI Properties is the real estate entity of DBI Beverage, Inc., a national beer distributor. The company plans to use this location for distribution. It was represented by Tim Schmid and Trevor Buck of Cassidy Turley. The seller, Watney D&S, was represented by Matt Bracco, Glen Dowling and Chris Neeb of Cushman & Wakefield’s Marin/North Bay & Walnut Creek offices.

November 19, 2013

Industrial Midwest

PARTNERSHIP TO BUILD 140,000 SF DISTRIBUTION CENTER

by admin November 19, 2013

DES PLAINES, ILL. — Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC have acquired approximately eight acres at 1780 Birchwood Ave. in Des Plaines. The partnership plans to build the Northeast O'Hare Industrial Center, a 140,000-square-foot warehouse and distribution building that will feature 32-foot clear ceiling heights, at the site. The development is located near Interstates 90 and 294 in Chicago's O'Hare Industrial submarket. Jonathan Kohn and Thomas Rodeno of Colliers International have been retained to market the property on behalf of Brennan Investment Group and DLJ Real Estate Capital Partners. The project is slated for completion in the third quarter of 2014.

November 19, 2013

Industrial Midwest

COLONY BRANDS LEASES 427,000 SF IN METRO MADISON

by admin November 19, 2013

SUN PRAIRIE, WIS. — Colony Brands Inc. has signed a 427,000-square-foot, long-term lease at Sun Prairie Business Park in suburban Madison. Colony will fully occupy the industrial property, which includes 17,100 square of office space on two levels and 31 loading docks. The property is located at 1615 Commerce Drive in Sun Prairie. Scott Furmanski, first vice president, and Chase Brieman, vice president at CBRE, represented the building’s owner, STAG Industrial Inc., in the transaction.Colony Brands, formerly known as The Swiss Colony Inc., is a provider of cheese and food gifts, holiday collectibles, apparel accessories and more.

November 19, 2013

Industrial Northeast

COLLIERS ARRANGES $5.6M LOAN FOR 35 SOUTH STREET IN HOPKINTON

by admin November 19, 2013

HOPKINTON, MASS. — Colliers International has arranged a $5.6 million loan for the refinancing of a 69,000-square-foot flex building in Hopkinton, a western suburb of Boston. Colliers worked on behalf of the borrower, BCC Property I LLC, to refinance the maturing loan on the single-story building with a 10-year, fixed-rate loan through Northway Bank. Situated on seven acres, the fully leased property was last renovated in 2002. Ryan Bradley and Brian Gaswirth of the Boston office of Colliers’ capital markets group arranged the loan.

November 19, 2013

Industrial Western

MOUNTAIN VISTA COMMERCE CENTER IN PHOENIX SELLS FOR $11.3M

by admin November 19, 2013

November 19, 2013

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