DALTON, GA. — Engineered Floors LLC, a Dalton-based carpet manufacturer, will invest $450 million and create 2,000 new jobs during the next five years through the construction of new facilities in northwest Georgia. The company will build manufacturing and distribution plants in Whitfield County and a manufacturing facility in Murray County. “The exemption of sales tax on energy in the manufacturing process that the Legislature put in place under Gov. Deal's leadership during the 2012 legislative session makes a significant difference to manufacturers looking to grow and succeed,” says Robert E. Shaw, chairman and CEO of Engineered Floors. The Georgia Department of Economic Development (GDEcD) partnered with Dalton-Whitfield County Joint Development Authority and Dalton-Whitfield Chamber of Commerce to manage the expansion. Carl Campbell, regional project manager at GDEcD, led the expansion project for the state. Georgia Quick Start, a workforce training program, will provide assistance to the company.
CHICAGO — Jones Lang LaSalle has been selected by Venture One Real Estate as the marketing agent for two of the developer’s industrial parks — Rock 39 Industrial Park and Loves Park Corporate Center — located along the I-39 Industrial Corridor west of Chicago. The two parks have a combined total of 340 acres. Shovel-ready sites of up to 120 acres with build-to-suit opportunities are available, ranging from 50,000 to 1.5 million square feet. Current tenants/owners include PepsiCo Inc., Con-way Inc. and Danfoss Group.
CHATSWORTH, CALIF. – A 24,150-square-foot industrial property in Chatsworth has sold to Nordhoff SSA for $3 million. It is located at 20433-20439 Nordhoff Street. Timothy P. Foutz of NAI Capital’s Encino office represented both the buyer and the seller, LEC Properties, in this transaction.
CYPRESS, CALIF. – Cavotec Dabico has leased a 159,943-square-foot industrial building in Cypress. The building is located at 5665 Corporate Ave. The company will consolidate its Fullerton and Costa Mesa operations, making this space its new regional headquarters. The facility also provides major expansion capabilities over the next 10 years. Cavotec was represented by Louis Tomaselliand Garrett McClellandof Jones Lang LaSalle Orange County. The landlord, LBA Realty, was represented by Rick Ellison and Randy Ellison of Cushman & Wakefield.
VIDALIA, GA. — Meadows Healthcare Alliance has acquired a former manufacturing complex in Vidalia, totaling 187,000 square feet. The new owner plans to demolish the building and use the 44.2-acre site, which is adjacent to the newly completed Meadows Regional Hospital, for medical development. The facility was previously a Westinghouse/Thomas & Betts motor manufacturing complex, which closed in 1990. Arthur Barry III of Macon, Ga.-based Coldwell Banker Commercial Eberhardt & Barry Inc. represented the seller in the transaction. The Temples Co. represented the buyer.
CAROL STREAM, ILL. — The Frain Group, a used manufacturing and processing equipment dealer, has acquired a 329,732-square-foot warehouse in Carol Stream, a western suburb of Chicago. The company plans to relocate its operations into the building, located at 245 E. North Ave., later this year. The property includes a 36,800-square-foot office, 26 dock doors and four drive-in doors. Dominic Carbonari and Frank Griffin of Jones Lang LaSalle represented the seller, Holland Stream LLC, in the transaction. Larry Goldwasser and Jay Maher of Cushman & Wakefield represented the buyer.
DUNMORE, PA. — An affiliate of Equilibrium Equities Inc. has acquired the former Ocean Logistics property at Keystone Industrial Park in Dunmore. The 249,000-square-foot industrial building is located on 22 acres and includes “abundant loading doors, car parking and trailer storage,” according to a release by Equilibrium. The property, located at 100 Keystone Industrial Park Road, is a mile from I-81. Super Market Services had acquired the facility in the mid-1970s for use as a distribution center for its health and beauty aid services. The building was vacated in the fall of 2011. Atlantic Real Estate Services Inc. represented the seller, C&S Wholesale Grocers Inc., in the transaction. Metro Bank Inc. provided the financing for the acquisition and renovation of the building. Aaron Lehrfield, Jeannie Bionda, Michael Dougherty and Christine O' Connell of Kaye Scholer represented Deutsche Bank and Prime Finance in the transaction. Kathryn K. Arnold of Shefsky & Froelich represented the borrowers.
MCALLEN AND EL PASO, TEXAS — Hager Pacific Properties, a privately owned real estate investment firm, has acquired a portfolio of 16 industrial buildings totaling more than 800,000 square feet in McAllen and El Paso. Hager Pacific purchased the distressed portfolio from CIII Capital Partners for approximately $17 million in an all-cash transaction. Hager Pacific partnered with Ben Medetsky and Jack Polatsek of Interra Capital Group in the acquisition. Eleven of the properties are located in McAllen and five in El Paso.
CYPRESS, CALIF. – Cavotec Dabico has leased a 159,943-square-foot industrial building in Cypress. The building is located at 5665 Corporate Ave. The company will consolidate its Fullerton and Costa Mesa operations, making this space its new regional headquarters. The facility also provides major expansion capabilities over the next 10 years. Cavotec was represented by Louis Tomaselli and Garrett McClelland of Jones Lang LaSalle Orange County. The landlord, LBA Realty, was represented by Rick Ellison and Randy Ellison of Cushman & Wakefield.
AVONDALE, ARIZ. — Conn Appliances has signed a 10-year lease for 277,649 square feet at the Coldwater Depot Logistics Center in Avondale. The specialty retailer will be located within Phase I of the center. Conn was represented by CBRE’s Matthew Keener, Brian Ashby and Dan Calihan. The landlord, Trammell Crow Company and Clarion Partners, was represented by CBRE’s Rusty Kennedy and Pat Feeney.