Industrial

NAI ROBERT LYNN ARRANGES SALE OF 787,591 SF DISTRIBUTION CENTER

by admin June 13, 2013

GRAPEVINE, TEXAS — Rick Medinis of NAI Robert Lynn’s Industrial Division partnered with CBRE to represent Prologis in the sale of its 787,591-square-foot Northfield Distribution Center to EastGroup Properties. The complex is located in Grapevine, 20 minutes outside of Dallas, and consists of eight buildings leased to 31 tenants. In the first quarter of 2013, NAI Robert Lynn arranged a 64,000-square-foot lease to Smart Start, 48,000 square feet to RIM Logistics and 16,000 square feet to Team Worldwide, all at the Northfield Distribution Center. The transactions totaled 128,000 square feet, bringing the property from 84 to 100 percent occupied. EastGroup has decided to keep Medinis as the leasing agent for the property, which Seefried Properties initially developed.

June 13, 2013

GARDEN GROVE INDUSTRIAL BUILDING SELLS FOR $4.1M

by admin June 13, 2013

GARDEN GROVE, CALIF. – A 40,274-square-foot industrial building in Garden Grove has sold to ProPlas Technologies for $4.1 million. The building is located at 14321 Corporate Drive. The new owner plans to execute a major renovation at the building before it relocates from nearby Gardena. The plastic injection molding and contract manufacturing company was represented by Brandon Carrillo, Greg Gill and Dylan Espley of Lee & Associate’s Long Beach office. The seller, Serella Revocable Trust, was represented by Mike Bouma and Paul Caputo of Voit.

June 13, 2013

Industrial Texas

STREAM REALTY BROKERS TWO LEASES AT INTERWEST BUSINESS PARK

by admin June 12, 2013

SAN ANTONIO — Stream Realty Partners has brokered two industrial leases totaling more than 21,000 square feet in Interwest Business Park, an industrial campus located at 6800 Alamo Downs Parkway in northwest San Antonio. Jason Schnittger of Stream Realty represented the landlord, DRA Advisors Inc., in both transactions. RecoverCare, represented by Briane Ritchie of Pointline Inc., signed a new lease for 11,620 square feet, and Family Endeavors renewed an existing lease at the property for 9,800 square feet. Stream Realty was awarded leasing and management of the business park by DRA Advisors in June 2012.

June 12, 2013

Industrial Western

DISTRIBUTION BUILDING CHANGES HANDS IN SAN FRANCISCO

by admin June 11, 2013

SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draegerof Colliers International.

June 11, 2013

Industrial Southeast

CBRE NEGOTIATES $3.6 MILLION INDUSTRIAL DEAL

by admin June 11, 2013

MIAMI GARDENS, FLA. — Miami Dade Printing Co. has purchased a 73,500-square-foot warehouse in Miami Gardens for $3.6 million. The property is located on 3.76 acres within Sunshine State Industrial Park at 16111 NW 13th Ave. Constructed in 1965, the building features a 22-foot ceiling height, dock-height doors, street-level doors, truck wells and additional land for parking or building expansion. Miami Dade Printing plans to relocate to the property in October. Mike Silver of CB Richard Ellis represented the seller, Norman Shapiro, trustee. Elsa Heredia and Doug Whitten, also of CB Richard Ellis, represented the buyer.

June 11, 2013

Industrial Midwest

L.A. FIRMS BUY TWO INDUSTRIAL BUILDINGS IN DETROIT AREA

by admin June 11, 2013

LIVONIA, MICH. — Los Angeles-based firms Hackman Capital Partners LLC and Oak Pass Capital Management have purchased two industrial properties in Livonia totaling 285,306 square feet. The properties were acquired through Auction.com from LNR. The purchase price was not disclosed. The buildings, located at 38220 and 38150 Plymouth Road, are fully occupied. Tenants at the properties include Helm Inc. and McKesson.

June 11, 2013

Industrial Texas

DURO-LAST OPENS DISTRIBUTION CENTER IN CARROLLTON

by admin June 11, 2013

CARROLLTON, TEXAS — Duro-Last Inc., a Michigan-based roofing systems manufacturer, has opened a new 89,430-square-foot distribution center in Carrollton to serve its central U.S. clients. The new center is located at 2940 Eisenhower St. in the Frankford Distribution Center I, a 153,200-square-foot campus owned by Duke Realty Corp. Duke Realty was self-represented by Matt Hyman. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant in the long-term lease deal.

June 11, 2013

Industrial Western

DISTRIBUTION BUILDING CHANGES HANDS IN SAN FRANCISCO

by admin June 11, 2013

June 11, 2013

Industrial Southeast

NGP BROKERS $5.2M FLEX INDUSTRIAL SALE

by admin June 10, 2013

JACKSONVILLE, FLA. — Newmark Grubb Phoenix Realty Group (NGP) has brokered the sale of a Jacksonville flex industrial building for $5.2 million. Situated near the interchange of Interstate 95 and Baymeadows Road at 8813 Western Way, the property contains 168,125 square feet of office and warehouse space. Bobby Gatling and Bryan Bartlett of NGP represented the seller, COFE Properties Fund 1 – Western Way LLC. Bruce Jackson of CB Richard Ellis represented the undisclosed buyer.

June 10, 2013

Industrial Northeast

WEICHERT TO MARKET TWO INDUSTRIAL BUILDINGS IN READINGTON

by admin June 10, 2013

READINGTON, N.J.— Weichert Commercial Brokerage Inc. has been hired to serve as exclusive marketing agent for two industrial buildings located at 61 County Line Road in Readington, about 30 miles west of Edison. Mark Calabro, senior vice president, and Philip MacLaren, vice president, of Weichert Commercial Brokerage are handling the marketing of the property. The two buildings total approximately 31,600 square feet. The main building on the 10-acre site includes 13 drive-in doors with drive-thru capabilities.

June 10, 2013

Newer Posts

Older Posts