CONCORD, N.C. — The Silverman Group, a New Jersey-based real estate investor and developer, is constructing a 400,000-square-foot speculative industrial building within Concord Airport Business Park in Concord. The cross-dock building will be located on 56 acres and feature 36-foot ceiling heights, 40 docks, 100 trailer parking spaces, an ESFR sprinkler system, T5 lighting and office space. Construction is slated to begin in the first quarter of 2014 with completion slated for late summer. The site will also feature a pad-ready, 125,000-square-foot industrial building adjacent to the main building. Christopher Skibinski of Avison Young’s Charlotte office has been retained as the leasing agent for the project.
HOUSTON — NAI Houston has brokered the sale of a 302,800-square-foot industrial property at 6501 Navigation Blvd. in Houston’s Downtown Eastside Industrial submarket. The building, a warehouse facility situated on 21.5 acres, houses multiple tenants. Clay Prichett of NAI Houston represented the buyer, Quasar Navigation LTD. Jim Foreman and Beau Kaleel of Cushman & Wakefield represented the seller, GSL Navigation SUB 34 LLC.
CEDAR PARK, TEXAS — Cadence McShane Construction Co. has completed Scottsdale Crossing Building One, a speculative light industrial/office flex property totaling 27,500 square feet in Cedar Park, approximately 20 miles north of Austin. Located at 5900 Highway 183-A, the property is part of developer TIG Real Estate Services’ larger Scottsdale Crossing Commerce Park development. Built for a single or multiple tenants, the single-story facility features a tiltwall panel exterior, overhead dock doors and aluminum windows. Studio 8 Architects, based in Austin, provided architectural services for the project.
UNION CITY, CALIF. — The former Chronicle Printing Plant in Union City has sold to Westcore Properties for an undisclosed sum. The plant is located at 1550 Pacific Street. The building will be demolished to make way for a 300,000-square-foot manufacturing and distribution redevelopment that will cater to food production and distribution. Westcore was represented by Kevin Hatcher, Mark Maguire and Greig Lagomarsino of Colliers International in Oakland. The seller, Hearst Communications, was represented by John McManus and Andrew Briner of Cushman and Wakefield.
ELGIN, ILL. — DCT Industrial Trust Inc. has acquired DCT Fox River Business Center, a six-building industrial portfolio in Elgin, a suburb of Chicago. The portfolio totals 1.1 million square feet and has a current occupancy rate of 59.1 percent. The buildings range from 73,000 to 431,000 square feet and are in proximity to the O’Hare Airport. Noel Liston, principal at Darwin Realty & Development, represented DCT Industrial in the transaction.
DALLAS — Lee & Associates has arranged the lease of 81,255 square feet of industrial space at 2677 Northaven Road in Dallas. The property offers 28-foot ceiling clear heights, 18 dock-high loading doors and close proximity to the interchange of Interstates 635 and 35 East. Nathan Denton of Lee & Associates represented the landlord, GTI Management Co., in the negotiations. Tim Vogds with CBRE represented the tenant, Logistics Plus.
HOUSTON — Cassidy Turley has arranged the lease of 225 RailPort, a 600,000-square-foot build-to-suit distribution complex soon to break ground in Houston’s Port submarket, for Frontier Logistics. Developer Avera plans to begin construction in November and expects to complete the facility, located at Beltway 8 and State Highway 225, in the third quarter of 2014. With 20,000 linear feet of rail access, the complex will serve Frontiers’ clients in the plastics industry. John Nicholson of Cassidy Turley represented the tenant in the lease negotiations.
HOUSTON — Thomas Properties Group Inc. has signed Statoil Gulf Services LLC, the U.S. subsidiary of Norwegian energy company Statoil ASA, to a long-term lease for 581,000 square feet at the CityWestPlace campus in Houston’s Westchase District. Statoil, which previously occupied 225,000 square feet at CityWestPlace, will now occupy all 431,000 square feet of the complex’s Building 2 and 150,000 square feet of Building 4. The location will serve as the Statoil’s North American headquarters. Chip Colvill, Clark Thompson, Win Haggard Jr. and Michael Anderson of Colvill Office Properties represented landlord Thomas in the negotiations. Mark O’Donnell of Studley Inc. represented Statoil.
MILWAUKEE, PEWAUKEE, FRANKLIN, WIS. — Clarion Partners has sold its five-building industrial portfolio in southeast Wisconsin totaling 422,950 square feet for $20.5 million. Minneapolis-based Biynah Industrial Partners LLC was the buyer. The buildings are located in Pewaukee, Franklin and Milwaukee. Tom Shepherd, Mike Fardy and Jim Larkin of Colliers International represented the seller in the transaction and Colliers was the sole broker in the transaction. In April 2012, Clarion sold four industrial buildings totaling 607,000 square feet in Wisconsin. With both portfolio sales, Clarion has sold all of its holdings and has officially exited the Wisconsin industrial market.
SHAKOPEE, MINN. — The Opus Group has started construction on an approximately 200,000-square-foot speculative industrial warehouse and distribution facility in suburban Minneapolis. Located near Highway 169 and Highway 101, the development marks the start of Phase I at the future Valley Park Business Center. The building will feature 32-foot clear ceiling heights, 37 dock doors, two drive-in doors and approximately 160 parking spaces. The facility is slated for completion in spring 2014. Opus Development Co. LLC is the developer, Opus Design Build LLC is the design-builder and Opus AE Group LLC is the architect and engineer.