Industrial

PARTNERSHIP ACQUIRES 107 ACRES, PLANS 1.3M SF INDUSTRIAL PROJECT

by admin October 31, 2013

CARLISLE, PA. — Dermody Properties, in partnership with Pacific Coast Capital Partners LLC (PCCP), has purchased 107 acres at Ames Drive in Carlisle, a southwest suburb of Harrisburg. The site will be the location of a two-building, master-planned industrial park, known as LogistiCenter Carlisle, totaling 1.3 million square feet. The first building, which is 700,000 square feet, is available for leasing. Dermody Properties says it will begin construction on a 602,250-square-foot building based upon the leasing progress of the existing building. LogistiCenter Carlisle is located one mile off Interstate 81. Dermody Properties is serving as the industrial developer and operating partner, and PCCP is serving as financial partner on the project.

October 31, 2013

ELMTREE NET LEASE FUND II ACQUIRES SEGUIN INDUSTRIAL BUILDING FOR $22.6M

by admin October 31, 2013

SEGUIN, TEXAS — ElmTree Net Lease Fund II, an investment vehicle of St. Louis-based private equity investment firm ElmTree Funds, has acquired a 300,000-square-foot industrial property in the San Antonio suburb of Seguin for $22.6 million. FCA LLC, a third-party logistics provider for Caterpillar, leases the manufacturing and distribution facility, which is expandable to 395,000 square feet. Located at 1720 W. Kingsbury St., the property features 30-foot clear ceiling heights, 4,000 square feet of office space and two truck courts totaling 330 feet.

October 31, 2013

Industrial Texas

NAI HOUSTON ARRANGES 22,240 SF HOUSTON WAREHOUSE LEASE

by admin October 30, 2013

HOUSTON — NAI Houston has arranged the lease of 22,240 square feet for Tuff Shed, a provider of installed storage buildings and garages, in Houston’s Southwest Outer Loop industrial submarket. The tenant will occupy the entire freestanding warehouse facility located at 11526 Harwin Drive. Chris Kugle of NAI represented the tenant in the negotiations, while Clay Rubel of Colliers International represented the undisclosed landlord.

October 30, 2013

Industrial Southeast

CHAMBERS STREET INKS 342,000 SF INDUSTRIAL LEASE IN S.C.

by admin October 29, 2013

SPARTANBURG, S.C. — Rank Distributors Inc., a global sourcing service for the hospitality industry, has signed a lease with Chambers Street Properties, a net lease office and industrial REIT, for 342,096 square feet of space in Spartanburg. Rank Distributors signed the 10-year lease for space in Chamber Street’s Community Cash Complex, a five-building, 552,000-square-foot warehouse/distribution center property.

October 29, 2013

Industrial Midwest

COOPER ARRANGES $3.9M SALE OF NAVARRE INDUSTRIAL CENTER

by admin October 29, 2013

CANTON, OHIO — The Cooper Commercial Investment Group has arranged the $3.9 million sale of the Navarre Industrial Center, a 186,285-square-foot industrial and manufacturing facility in Canton. Dan Cooper, president and broker at Cooper Commercial Investment Group, represented the owners, a locally based private group. The buyers were a private group from the East Coast. The sale represents a 9.3 percent capitalization rate. Crown Cork & Seal, which recently signed a lease extension through 2020, anchors the fully occupied property. Other tenants at the property include Timken and Helios Coatings. The industrial facility features 12 docks, 40-foot clear ceiling heights, sprinklers and is within close proximity to I-77 and Route 30.

October 29, 2013

Industrial Midwest

NATURESCAPE PURCHASES INDUSTRIAL BUILDING IN METRO MILWAUKEE

by admin October 29, 2013

DELAFIELD, WIS. — Naturescape Inc., a lawn and landscape care provider, has purchased the 10,000-square-foot industrial facility it occupies in suburban Milwaukee. Deedeb LLC was the seller. Naturscape leased approximately half of the Delafield building in 2012. Due to its recent growth, the company decided to purchase the building and expand into the additional space. The industrial facility is located at 363 Austin Circle in Delafield. Maximilian Yokosh of Milwaukee-based Cassidy Turley Barry represented Naturescape in the lease transaction. The purchase price was undisclosed.

October 29, 2013

Industrial Texas

HENRY S. MILLER BROKERS SALE OF 25,000 SF WAREHOUSE IN FLOWER MOUND

by admin October 29, 2013

FLOWER MOUND, TEXAS — Henry S. Miller Brokerage has arranged the sale of a 25,000-square-foot industrial asset in Flower Mound, a suburb approximately 23 miles north of Fort Worth. Located at 1000 Spinks Road, the freestanding warehouse facility features seven grade-level doors and two dock doors. Dan Spika of Henry S. Miller represented the seller, Creative Wood Concepts Inc. Todd Weaver of Weaver Commercial represented the buyer, Solinski Enterprises RE.

October 29, 2013

Industrial Texas

PANOPTIC REALTY ARRANGES $1.6M SALE OF HOUSTON FLEX BUILDING

by admin October 29, 2013

HOUSTON — Panoptic Realty Group has closed the sale of a 16,000-square-foot flex building in Houston’s Energy Corridor for $1.6 million. Located at 17555 Groeschke Road, the facility includes both office and warehouse space. The buyer was Monarch Pools LLC, a builder of large-scale swimming pools. The seller was Mustang Laser LLC. Michael Blount Jr. of Panoptic represented both the buyer and seller in the transaction.

October 29, 2013

Industrial Southeast

MONMOUTH ACQUIRES INDUSTRIAL BUILDING IN KENTUCKY FOR $27M

by admin October 28, 2013

BUCKNER, KY. — Monmouth Real Estate Corp. has acquired a 558,600-square-foot industrial building located at 4555 W. Highway 146 in Buckner for $27 million. The property is within the Louisville MSA. Monmouth purchased the facility from Atlanta-based Industrial Development International (IDI), the developer of the industrial building. The property is net-lease for 20 years to Ralcorp Holdings Inc., a division of ConAgra Foods.

October 28, 2013

Industrial Midwest

MERIDIAN STARTS CONSTRUCTION ON 189,926 SF INDUSTRIAL PROPERTY

by admin October 28, 2013

ROCK ISLAND, ILL. — Meridian Design Build’s national projects group has broken ground on a 189,926-square-foot package sorting and distribution center in Rock Island. Meridian is building the facility for Indianapolis-based Scannell Properties. The property will feature 8,259 square feet of office, 59 loading docks, 193 exterior trailer stalls and 160 van storage spaces. A separate security building and fenced enclosure will provide controlled access to the facility. Michael Winger, director of the Meridian’s national projects group, leads the company’s project team. Precept Design LLC is providing architectural services, and civil engineering work is being completed by Shive-Hattery. Rock Island is part of the Quad Cities region bordering Illinois and Iowa and is located 1.5 miles south of Davenport, Iowa.

October 28, 2013

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