Industrial

HAYNES FURNITURE SIGNS 215,400 SF LEASE

by admin May 23, 2013

ADDISON, ILL. — Virginia-based furniture retailer Haynes Furniture has signed a long-term lease for 215,400 square feet of industrial space at 180 N. Meadow Road in Addison. Haynes Furniture is expanding into the Chicagoland market and chose the distribution facility to service their forthcoming Lombard, Ill., retail store. The 265,058-square-foot industrial building is located in the Central DuPage submarket of suburban Chicago. The building is 81 percent occupied and was formerly occupied by The Pampered Chef. Mark Moran, Steve Connolly, and Kelly Disser with NAI Hiffman’s industrial services group represented American Realty Advisors in the transaction. Al Rodenbostel of Arcore Real Estate Group represented Haynes Furniture.

May 23, 2013

487,400 SF BRITAX BUILDING SELLS FOR $25M IN CHARLOTTE

by admin May 22, 2013

CHARLOTTE, N.C. — S&F Acquisitions Inc. has acquired the Britax Building, a 478,400-square-foot Class A industrial property in Charlotte, for $25 million. The build-to-suit facility is fully leased. Chris Norvell and Scot Humphrey of Cushman & Wakefield | Thalhimer and Stewart Calhoun, Jim Carpenter and Mike Davis of Cushman & Wakefield's Industrial Advisory Group represented the the seller, The Keith Corp., in the transaction.

May 22, 2013

Industrial Southeast

SHORELINE AEROSPACE LEASES 54,500 SQUARE FEET NEAR AIRPORT

by admin May 22, 2013

FORT LAUDERDALE, FLA. — Shoreline Aerospace LLC, a global supplier of parts and services to the commercial airline industry and military forces, has signed a lease for 54,500 square feet at 1800 S.W. 34th St. in Fort Lauderdale. The company is expanding its business by establishing an airside parts distribution and maintenance and repair operation at the Fort Lauderdale-Hollywood International Airport. The company plans to employ 30 workers. Built in 1972, the cross-dock industrial facility includes its own airside access and an aircraft parking ramp. Harry Tangalakis, Larry Genet and Tom O'Loughlin of CBRE represented the owner, Airside Fort Lauderdale LLC, in the transaction.

May 22, 2013

Industrial Midwest

SOTEL SYSTEMS ACQUIRES 63,000 SF FACILITY FOR $2.4M

by admin May 22, 2013

ST. LOUIS — SoTel Systems has acquired a 63,000-square-foot office/manufacturing facility in the Westport area of St. Louis for $2.4 million. The telecommunications company is currently located at 19 Worthington Access Drive, which is approximately one mile from its new headquarters. SoTel Systems has been in its current 48,000-square-foot space since 2001. The new building is located at 2465 Centerline Industrial Drive and was the previous home of Jerome Group Printing, a printing and direct marketing services firm that leased the space for 20 years until 2006. The building was then briefly leased to another tenant before its recent sale. Hal Ball of Hilliker Corp. represented the seller, Warson Venture, in the transaction. The deal marks the 12th time HIlliker has represented Warson Venture.

May 22, 2013

Industrial Midwest

BOYD COFFEE SIGNS 14,080 SF WAREHOUSE LEASE

by admin May 22, 2013

ITASCA, ILL. — Boyd Coffee has signed a lease for 14,080 square feet of warehouse space located at 1428 Norwood Ave. in Itasca, about 25 miles west of Chicago. Jeff Janda, Mike Plumb and Jay Farnam of Lee & Associates of Illinois LLC represented building ownership, KTR Capital Partners, in the transaction. Luke Heerema of Cresa Partners represented the tenant. Boyd Coffee is a manufacturer of coffee roasters and processing equipment.

May 22, 2013

Industrial Northeast

EAGLEBRIDGE ARRANGES $10M MORTGAGE FOR ONE UNITED DRIVE

by admin May 21, 2013

WEST BRIDGEWATER, MASS. — Boston-based EagleBridge Capital has arranged $10 million in permanent mortgage financing for One United Drive, located in West Bridgewater, about 30 miles south of Boston. One United Drive is a 315,000-square-foot industrial building, which includes 30,000 square feet of office space and 285,000 square feet of manufacturing and distribution space on a 29.8-acre site. Campanelli Cos. originally developed the building in 1987 for United Liquors. Major tenants include Cheer Pack North America, which occupies 187,500 square feet, and Federal Express, which occupies 88,500 square feet. A Massachusetts-based financial institution provided the loan. Brian Sheehan and Ted Sidel of EagleBridge arranged the mortgage financing.

May 21, 2013

Industrial Southeast

MCLAUGHLIN ACQUIRES FORMER SANTENS FACILITY FOR $7M

by admin May 17, 2013

ANDERSON, S.C. — Moline, Ill.-based McLaughlin Body Co. has acquired the 427,337-square-foot Santens of America facility at 5121 Old Pearman Dairy Road in Anderson for $7 million. The industrial property is situated on 93 acres and will serve as McLaughlin Body Co.'s new subsidiary location to serve their clients in the region. The company manufactures operator protection systems, including cab enclosures and metal components for construction, military, agriculture and other heavy-duty vehicles. Charles Whitmire Jr. and Elliott Fayssoux of Cushman & Wakefield | Thalhimer represented the seller, KBC Anderson Associates, in the transaction.

May 17, 2013

Industrial Southeast

VITAL RECORDS RENEWS 79,972 SF INDUSTRIAL LEASE

by admin May 17, 2013

CHARLESTON, S.C. — Memphis, Tenn.-based Vital Records Control has renewed its lease for 79,972 square feet of warehouse and distribution space at North Rhett III, part of a four-building industrial park in Charleston. The park is located just off I-26, a short distance from the Port of Charleston. Vital Records Control provides information management and document storage solutions for businesses. Chambers Street Properties is the property landlord.

May 17, 2013

Industrial Texas

CUSHMAN & WAKEFIELD ARRANGES 150,000 SF INDUSTRIAL LEASE

by admin May 17, 2013

HOUSTON — Cushman & Wakefield has arranged a 150,000-square-foot industrial lease transaction with Crane Worldwide Logistics at 6501 Navigation Blvd. in Houston. Jim Foreman and Beau Kaleel of Cushman & Wakefield's Houston office represented the owner, Levey Group, in the transaction. Ed Frantz and Kevin Kushner of CBRE represented Crane Worldwide.

May 17, 2013

Industrial Southeast

MATTEX TO CREATE 200 JOBS, INVEST $60M IN MURRAY COUNTY

by admin May 16, 2013

DALTON, GA. — Mattex Group, a Dubai-based carpet backings producer, will establish its U.S. headquarters by building an extrusion manufacturing plant in Murray County, which is part of the Dalton metropolitan statistical area in North Georgia. The company will invest $60 million in the facility and create 200 jobs during the next three years. The company currently has a warehouse in Calhoun, Ga., but the Murray County facility will be Mattex Group's first manufacturing plant outside the Middle East. The property will include between 275,000 and 375,000 square feet. The company, which is building the facility to serve its North American markets, plans to begin construction on the plant this summer and for the facility to become operational in 2014. The Georgia Department of Economic Development (GDEcD) partnered with Murray County and Murray County Industrial Development Authority to manage the expansion. Carl Campbell, regional project manager at GDEcD, led the project on behalf of the state. Georgia Quick Start, a workforce training program, will provide assistance to the company.

May 16, 2013

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