RICHMOND, VA. — Thalhimer Realty Partners, the investment and development subsidiary of Cushman & Wakefield | Thalhimer, has acquired an approximately 100,000-square-foot industrial building located at 3200 W. Clay St. in Richmond from ABNOR Corp. for $1.8 million. Thalhimer plans to redevelop the property into a 100-unit apartment community that will also include a clubhouse, fitness center, pool and interior parking. Construction will begin in January 2014. Walter Parks Architects will design the project and MGT Construction will build it. Upon completion, Cushman & Wakefield | Thalhimer’s Residential Property Services Group will manage it.
HUDSON, N.H. — Good Neighbors Specialty Foods LLC has signed a lease for a 26,600-square-foot facility at 27 Executive Drive in Hudson, located about 20 miles south of Manchester. The property will serve as the headquarters for the organic food company and be used for food production, manufacturing, warehousing and distribution. Dave Fraser of Tinkham Realty Inc. represented Good Neighbors in the transaction. Karen Leonard of Leonard Lee Co. LLC represented the landlord, Lessor Blueberry Realty Trust.
COMMERCE, CALIF. – A seven-acre logistics facility in Commerce has sold to CenterPoint Properties for an undisclosed sum. The property is located at 5800 Sheila Street near the BNSF and Union Pacific intermodal rail yards. The transload facility includes a container yard. It is currently occupied by Pacer Cartage, a subsidiary of the Pacer International. CenterPoint was represented by Jack Cline Jr. and Gregory Gill of Lee & Associates.
MCDONOUGH, GA. — KTR Capital Partners has acquired a 504,000-square-foot distribution center located in the Atlanta suburb of McDonough. Situated at 220-230 Greenwood Court, the Class A building totals 504,000 square feet. It features 30-foot clear ceilings, 50-foot by 50-foot column spacing, cross-dock loading, ESFR sprinklers and trailer parking. It is currently vacant, but KTR plans to immediately reposition it. With this purchase, KTR’s Atlanta portfolio comprises six properties totaling 3.2 million square feet of space.
OXFORD, ALA. — Landmark Commercial Real Estate Services has arranged the sale of the Lowe’s Home Improvement Warehouse located in Oxford for approximately. $11.2 million. The 135,197-square-foot property is situated at 1836 U.S. Highway 78 East. A non-traded REIT purchased it from a Toronto-based private investor. Daniel Kukes and Kevin Baker represented the buyer in the deal.
SAN BERNARDINO, CALIF. – HauteLook has signed a 10-year lease to occupy the Glen Helen Distribution Center, a 604,000-square-foot building in San Bernardino. The center is located at 17335 Glen Helen Parkway. The Nordstrom-owned shopping website will be expanding and relocating from its 300,000-square-foot facility in nearby Fontana. The Glen Helen Distribution Center was developed by Alere Property Group. It will be used for HauteLook’s inventory storage, fulfillment and returns processing. HauteLook plans to occupy the distribution center this September.
PLAINFIELD, IND. — USAA Real Estate Co. has hired Cassidy Turley to manage three industrial buildings in metro Indianapolis totaling more than 2 million square feet. This portfolio marks Cassidy Turley's first partnership with USAA Real Estate Co. in the Indianapolis region. The properties in Plainfield include the 493,000-square-foot Plainfield Distribution Center at 2150 Stanley Drive; the 770,640-square-foot GreenParke at Airwest at 3747 Plainfield Road; and the 804,586-square-foot Airwest Distribution Center at 2801 Airwest Blvd. Leading the assignment for Cassidy Turley will be Timothy Michel, senior managing director and principal; Cheri Shepherd, managing director and principal; and Tracy Johnson, property manager. Additionally, Luke Wessel, senior managing director and principal at Cassidy Turley, will lead leasing efforts at GreenParke at Airwest.
PLAINFIELD, IND. — The Opus Group plans to develop and construct two speculative industrial warehouse buildings totaling 924,530 square feet at the Plainfield Business Center in Plainfield, a western suburb of Indianapolis. Milwaukee-based Northwestern Mutual will own the buildings. Construction on both buildings began in early July. Located on 52 acres of land north of I-70 near downtown Indianapolis, the project includes two side-by-side warehouse buildings known as Airwest 12, totaling 448,305 square feet, and Airwest 13, totaling 476,225 square feet. The project is slated for completion in spring 2014. Opus Development Co. LLC is the developer, Opus Design Build LLC will serve as the design-builder and Opus AE Group LLC is the project architect.
IRVING, TEXAS — Lee & Associates has secured the sale of a 43,400-square-foot industrial building at 1420 W. Walnut Hill Lane in Irving. Nathan Denton of Lee & Associates represented the seller, Felder Property Group, in the transaction with the buyer, Glasswerks.
SAN BERNARDINO, CALIF. – HauteLook has signed a 10-year lease to occupy the Glen Helen Distribution Center, a 604,000-square-foot building in San Bernardino. The center is located at 17335 Glen Helen Parkway. The Nordstrom-owned shopping website will be expanding and relocating from its 300,000-square-foot facility in nearby Fontana. The Glen Helen Distribution Center was developed by Alere Property Group. It will be used for HauteLook’s inventory storage, fulfillment and returns processing. HauteLook plans to occupy the distribution center this September.