Industrial

MERIDIAN COMPLETES KUBOTA ENGINE HEADQUARTERS EXPANSION IN ILLINOIS

by admin March 15, 2013

LINCOLNSHIRE, ILL. — Meridian Design Build has completed a 100,280-square-foot building expansion to Kubota Engine America’s headquarters in Lincolnshire. The expansion includes 81,880 square feet of additional plant/warehouse space and 18,400 square feet of space designed to serve as future offices. Site improvements were also completed to create more employee parking to accommodate Kubota’s future growth. Kubota is a manufacturer of compact diesel and gasoline engines. Timothy Morgan Associates provided architectural services for the project, and Manhard Consulting completed the civil engineering work.

March 15, 2013

NAI HANSON NAMED LEASING AGENT FOR INDUSTRIAL SITE IN CLIFTON, N.J.

by admin March 15, 2013

CLIFTON, N.J. — NAI James E. Hanson has been named sales and leasing agent for a 245,951-square-foot industrial property at 1 Lisbon St. in Clifton, located about 17 miles west of New York City. Kenneth Lundberg, Barry Cohorsky and Scott K. Perkins of NAI Hanson are handling the assignment on behalf of the owner, 1513 Realty LLC and Hoist Realty Corp. The property includes a 118,343-square-foot high-bay warehouse with 26-foot ceilings, 116,471 square feet of manufacturing space with 16-foot ceilings and office space totaling 11,137 square feet. The site is listed at $12.3 million.

March 15, 2013

Industrial Texas

EXEL RENEWS LEASES TOTALING 767,632 SF IN HOUSTON

by admin March 15, 2013

HOUSTON — Exel, part of the supply chain division of Deutsche Post DHL, renewed leases at 8607, 8609, 8711 and 8833 City Park Loop in the City Park East Business Park in Houston. The lease renewals total 767,632 square feet of rail-served industrial space. Sam Brown with Sam H. Brown Interests represented the tenant in the lease transaction. John Kruse and Jason Dillee of Holt Lunsford Commercial represented the landlord, The Realty Associates Fund VIII L.P.

March 15, 2013

Industrial Texas

CBRE NEGOTIATES 178,200 SF INDUSTRIAL LEASE IN DALLAS

by admin March 14, 2013

DALLAS — CBRE has arranged the 178,200-square-foot lease of industrial space at 4445 Rock Quarry in Dallas. Travis Sapaugh, Seth Kelly, Ryan Keiser and Nathan Lawrence of CBRE Dallas, along with Mark Collins and Kathy Rinna of CBRE Detroit, represented the tenant, Cequent Performance Products Inc., in the lease transaction. John Leinbaugh of IDI Dallas represented the landlord, Teachers Insurance and Annuity Association of America. The lease transaction is a relocation and expansion for Cequent's existing distribution operation.

March 14, 2013

Industrial Western

NORTH AMERICAN PIPE CORPORATION BUYS LODI MANUFACTURING PLANT FOR $175M

by admin March 13, 2013

LODI, CALIF. — North American Pipe Corporation has purchased CertainTeed’s Pipe and Foundation Group(PFG), which includes its Lodi manufacturing and operating facilities, for $175 million. CertainTeed Corporation is a subsidiary of the French companyCompagnie de Saint-Gobain. North American Pipe Corporation is a subsidiary of Westlake Chemical Corporation. PFG produces PVC pipes and fittings for municipal, water well, mining, agriculture and irrigation applications at its plant. The sale also included the PVC pipe, fittings, technologies and intellectual properties, profiles and foundations business, as well as an additional plant in McPherson, Kan.

March 13, 2013

Industrial Southeast

TERRENO PICKS UP $5.1M INDUSTRIAL PROPERTY IN MIAMI-DADE COUNTY

by admin March 13, 2013

MEDLEY, FLA. — Terreno Realty Corp. has acquired a 49,000-square-foot industrial property at 12600 NW 107th Ave. in Medley, for $5.1 million. The property is fully leased to one tenant and includes dock-high truck loading on two sides and land for trailer storage or building expansion. The estimated stabilized capitalization rate of the property is 6.3 percent.

March 13, 2013

Industrial Southeast

TRANSNATIONAL FOODS RENEWS 141,050 SF LEASE IN VIRGINIA

by admin March 13, 2013

CHESAPEAKE, VA. — Transnational Foods has renewed its industrial lease for 141,050 square feet at the Diamond Hill Distribution Center in Chesapeake. The company, which has several distribution centers across the U.S., provides supermarkets, wholesalers, dollar stores and convenience stores a range of products through its own brands and private labels. Diamond Hill Distribution Center includes four buildings totaling more than 712,500 square feet, and is approximately 97 percent occupied. The property is located off Route 64 in the Bainbridge submarket.

March 13, 2013

Industrial Texas

CBRE ARRANGES 72,000 SF INDUSTRIAL LEASE RENEWAL IN EL PASO

by admin March 13, 2013

EL PASO, TEXAS — CBRE El Paso has brokered a 72,000-square-foot lease renewal at 1450 Pullman Drive in El Paso. Anthony Mash of CBRE El Paso represented the tenant, Robert Bosch LLC, in the transaction. William Caparis, also of CBRE El Paso, represented the landlord, IndCor Properties.

March 13, 2013

Industrial Western

NORTH AMERICAN PIPE CORPORATION BUYS LODI MANUFACTURING PLANT FOR $175M

by admin March 13, 2013

LODI, CALIF. — North American Pipe Corporation has purchased CertainTeed’s Pipe and Foundation Group (PFG), which includes its Lodi manufacturing and operating facilities, for $175 million. CertainTeed Corporation is a subsidiary of the French company Compagnie de Saint-Gobain. North American Pipe Corporation is a subsidiary of Westlake Chemical Corporation. PFG produces PVC pipes and fittings for municipal, water well, mining, agriculture and irrigation applications at its plant. The sale also included the PVC pipe, fittings, technologies and intellectual properties, profiles and foundations business, as well as an additional plant in McPherson, Kan.

March 13, 2013

Industrial Texas

SKYLINE DFW EXHIBITS & EVENTS SUBLEASES SPACE IN ARLINGTON

by admin March 12, 2013

ARLINGTON, TEXAS — Skyline DFW Exhibits & Events has subleased 47,675 square feet of industrial space for the duration of Western-BRW Paper Co. Inc.'s term. The industrial space is located in the Arlington Corporate Center III, located at 3709 E. Randol Mill Road in Arlington. ProLogis developed the industrial building in 2001. Jim Ferris of Dallas-based Bradford Commercial Real Estate Services represented the landlord in the lease transaction. Jim Hazard, Brad Struck and Bill de la Chappelle of Transwestern Dallas represented the sublessor.

March 12, 2013

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