Industrial

CENTRAL PIPE BUYS NEW HEADQUARTERS FACILITY IN ATLANTA

by admin April 2, 2013

ATLANTA — Central Pipe & Supply has acquired a 195,000-square-foot industrial building at 4335 Wendell Drive in west Atlanta. The company will relocate its Doraville, Ga., headquarters to the new facility. The two-story property, formerly the headquarters of Printpack, features more than 140,000 square feet of warehouse space and 55,000 square feet of office space. Denton Shamburger of Lincoln Property Co. Southeast represented the seller, Printpack, in the transaction. Ed Riggins of Cresa Atlanta represented the buyer.

April 2, 2013

FORMER JE HIGGINS LUMBER FACILITY IN LIVERMORE SELLS FOR $5.1M

by admin April 2, 2013

LIVERMORE, CALIF. — The former JE Higgins Lumber facility in Livermore has sold to Mission Trading Company for $5.1 million. The71,680-square-foot facility is located at 6951 Southfront Road. Mission Trading Company was represented by Mike Smith of Lee & Associates. The seller, Douglas P. Wilson Company, acted as the court-approved receiver and was represented by Michael Donnelly, Michael Carrigg and Michael Lloyd of Colliers International.

April 2, 2013

Industrial Western

PROLOGIS TEAMS WITH NORGES BANK ON $3.1B EUROPEAN JOINT VENTURE

by admin April 1, 2013

SAN FRANCISCO – Prologis has closed on Prologis European Logistics Partners Sarl (PELP), a $3.1-billionjoint venture withNorges Bank Investment Management(NBIM), manager of the Norwegian Government Pension Fund Global. The venture acquired 195 Class A logistics facilities that were wholly owned byPrologis and totaled 49 million square feet. PELP is a 50-50 partnership with an equity commitment of €2.4 billion, which includes a $1.55 billionco-investment by both NBIM andPrologis.

April 1, 2013

Industrial Southeast

PATRICIO ENTERPRISES TAKES 427,115 SF

by admin April 1, 2013

RICHMOND, VA. — Patricio Enterprises has signed a lease for 427,115 square feet of industrial space at 2705 Commerce Road in Richmond. The site is located just north of the intersection of Commerce and Bells roads. Rob Dirom and Joseph Marchetti of CBRE | Richmond represented the landlord, Alleghany Warehouse Co., in the transaction.

April 1, 2013

Industrial Western

PROLOGIS TEAMS WITH NORGES BANK ON $3.1B EUROPEAN JOINT VENTURE

by admin April 1, 2013

SAN FRANCISCO – Prologis has closed on Prologis European Logistics Partners Sarl (PELP), a $3.1-billion joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global. The venture acquired 195 Class A logistics facilities that were wholly owned by Prologis and totaled 49 million square feet. PELP is a 50-50 partnership with an equity commitment of €2.4 billion, which includes a $1.55 billion co-investment by both NBIM andPrologis.

April 1, 2013

Industrial Southeast

VALLEY FORGE FABRICS ACQUIRES FT. LAUDERDALE FACILITY

by admin March 29, 2013

FORT LAUDERDALE, FLA. — Valley Forge Fabrics has acquired a 76,000-square-foot industrial building, located at 1650 W. McNab Road in Fort Lauderdale, for $1.9 million, or $25.33 per square foot. 1650 West McNab Road Holdings LLC was the seller. Les Byron Associates developed the property in 1975. Les Byron of Sperry Van Ness Commercial Realty represented the buyer in the transaction. The building previously sold for $5.2 million. “Over the years, the market has changed and the building became challenged due to its size and configuration,” says Byron. “The buyer will invest in considerable renovations and upgrades.”

March 29, 2013

Industrial Midwest

SIGNATURE ARRANGES 21,000 SF LEASE OF HIGH-TECH SPACE IN TAYLOR, MICH.

by admin March 29, 2013

TAYLOR, MICH. —Signature Associates has arranged the lease of 21,000 square feet of high-tech space at 20330 Superior Road in Taylor, about 20 miles southwest of Detroit. Brad Viergever of Signature Associates represented the landlord, Persiconi & Persiconi LLC, and the tenant, Life Bridge Church.

March 29, 2013

Industrial Texas

CBRE ARRANGES INDUSTRIAL LEASE RENEWAL IN EL PASO

by admin March 29, 2013

EL PASO, TEXAS — CBRE El Paso has brokered the lease renewal of 353,611 square feet of industrial space, located at 48 Walter Jones in El Paso. Anthony Mash of CBRE El Paso represented the landlord, Butterfield Trail Corp. – Invesco, in the lease renewal. Penske Logistics LLC is the tenant.

March 29, 2013

Industrial Texas

COLDWELL BANKER BROKERS INDUSTRIAL SUBLEASE

by admin March 29, 2013

HOUSTON — Coldwell Banker Commercial United, Realtors has arranged a 20,000-square-foot industrial sublease, located at 7603 Prairie Oak Drive, Suite 150M in Houston. Patrick Buckhoff of Coldwell Banker represented the landlord, Display Work LLC, in the transaction. Jackson & Cooksey represented the tenant, qHub Logistics Corp.

March 29, 2013

Industrial Midwest

PREMIER DESIGN + BUILD TO CONSTRUCT 124,028 SF WAREHOUSE IN ELK GROVE

by admin March 28, 2013

ELK GROVE VILLAGE, ILL. — Premier Design + Build Group will construct a 124,028-square-foot warehouse distribution facility in Elk Grove Village, located about 20 miles northwest of Chicago. Construction will begin in April and is slated for completion in the fourth quarter of this year. The property will be located at 2475 Touhy Ave. and includes 35 delivery docks and 154 parking spaces. When the project is complete, the new warehouse will be capable of housing up to four tenants. Mark Melone of Premier Design + Build is the project manager and Scott Lebak of Premier is the project superintendent. Cornerstone Architects Ltd. is the architect, and Spaceco Inc. is the civil engineer.

March 28, 2013

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