Industrial

BALL METAL BEVERAGE CONTAINER SIGNS 163,000 SF INDUSTRIAL LEASE IN OHIO

by admin March 25, 2013

MONROE, OHIO — Ball Metal Beverage Container Corp. has signed a 163,000-square-foot industrial lease at 1225 Logistics Way in Monroe, located about 30 miles north of Cincinnati. The 553,694-square-foot Building B is the second building to be built at Monroe Logistics Center. Ball Metal Beverage Container is the building’s initial tenant. Si Pitstick and Josh Young of Cincinnati Commercial represented the landlord, Industrial Developments International. Chuck McCosh of Cushman & Wakefield represented Ball Metal Beverage Container in the transaction.

March 25, 2013

AIR TRANSPORT COMPONENTS LEASES 62,413 SF IN GILBERT

by admin March 25, 2013

GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.

March 25, 2013

Industrial Texas

ACE HARDWARE'S 450,000 SF FACILITY COMING TO WILMER

by admin March 22, 2013

WILMER, TEXAS — CenterPoint Properties has broken ground on ACE Hardware's new 450,000-square-foot, build-to-suit facility in the Sunridge Business Park in Wilmer. ACE Hardware will lease the property for 10 years upon its completion. CBRE represented ACE Hardware in its lease transaction. The facility is slated for a February 2014 completion.

March 22, 2013

Industrial Texas

ALLIANCE TO DESIGN L'OREAL USA'S DISTRIBUTION CENTER IN DALLAS

by admin March 22, 2013

DALLAS — L'Oreal USA has selected Alliance Architects Inc. to design its new 513,947-square-foot distribution center, which will be located on a 50-acre site within the Ridge Logistics Center in Dallas. The new facility will be situated on the corner of Telephone Road and Dallas Avenue. The property will have expansion capabilities of up to 400,000 square feet. The distribution center will include 13,000 square feet of office space, separate shipping and receiving areas, locker rooms and indoor/outdoor break areas. Ridge Property Trust is the developer for the build-to-suit property and Hill & Wilkinson are the general contractors. The Alliance design team includes Scott Meyer and Ashley Griffith.

March 22, 2013

Industrial Western

DOWNTOWN LA INDUSTRIAL FACILITY RECEIVES $23.5M IN ACQUISITION FINANCING

by admin March 21, 2013

LOS ANGELES – A $23.5-million acquisition loan has been issued to Stanford 1050 LLC for a 173,000-square-foot industrial building in Downtown Los Angeles. The building is located at 1050 Stanford Ave.The garment/manufacturing facility will be 60 percent owner-occupied, with the new owner utilizing the facility for warehouse and showroom space. The 20-year SBA 504 loan was provided by BFC SBA Lending.

March 21, 2013

Industrial Midwest

NAI HIFFMAN REPRESENTS MIRVAC IN 64,326 SF LEASE IN CHICAGO

by admin March 21, 2013

CHICAGO — NAI Hiffman has represented Mirvac Industrial Trust in signing a new tenant, Samuel, Son & Co., to 64,326 square feet of industrial space at 900 E. 103rd St. in Chicago. Other tenants within the building include Promet Steel and the city of Chicago. Samuel, Son & Co. distributes carbon steel, stainless steel and aluminum in North America and will use the Chicago location as a service center. Chris Gary of Hiffman’s industrial services group represented Mirvac in the transaction. Peter Bourke of Colliers represented Samuel, Son & Co.

March 21, 2013

Industrial Northeast

EASTERN UNION ARRANGES $9.8M LOAN FOR INDUSTRIAL PROPERTY IN NYC

by admin March 21, 2013

NEW YORK CITY — Commercial mortgage brokerage firm Eastern Union Funding has arranged a $9.8 million acquisition loan for a 50,000-square-foot industrial property on Grand Street in Brooklyn. The 10-year loan includes an interest rate of 4 percent and a 15-year amortization schedule. Iselin, N.J.-based Investors Bank provided the financing. Ira Zlotowitz and Dov Zabrowsky of Eastern Union secured the loan.

March 21, 2013

Industrial Western

DOWNTOWN LA INDUSTRIAL FACILITY RECEIVES $23.5M IN ACQUISITION FINANCING

by admin March 21, 2013

LOS ANGELES – A $23.5-million acquisition loan has been issued to Stanford 1050 LLC for a 173,000-square-foot industrial building in Downtown Los Angeles. The building is located at 1050 Stanford Ave. The garment/manufacturing facility will be 60 percent owner-occupied, with the new owner utilizing the facility for warehouse and showroom space. The 20-year SBA 504 loan was provided by BFC SBA Lending.

March 21, 2013

Industrial Northeast

PARSONS COMMERCIAL GROUP ARRANGES SALE OF INDUSTRIAL PROPERTY

by admin March 20, 2013

HAVERHILL, MASS. — Parsons Commercial Group Inc. has arranged the sale of 25 Avco Road, in Haverhill for $950,000. The 12,375-square-foot industrial building was built in 2008 and is located in the Ward Hill Industrial Park. Alex Berger, an associate at Parsons Commercial Group, procured the buyer and represented the seller, Avco Realty Trust.

March 20, 2013

Industrial Midwest

IA ENGINEERING LEASES 9,903 SF OF HIGH-TECH SPACE IN ROCHESTER HILLS, MICH.

by admin March 19, 2013

ROCHESTER HILLS, MICH. — IA Engineering has signed a lease for 9,903 square feet of high-tech space at 2709 Bond St. in Rochester Hills. Kris Pawlowski, Clint Confer and Gary Stephens of Signature Associates represented the landlord, Wall Street Industrial Center LLC. This is the third suite in this complex that Signature has negotiated. Kris Pawlowski also represented the tenant, IA Engineering of North America Inc. IA Engineering provides solutions for manufacturing and suppliers in automotive, aerospace, defense, alternative energy and other industries across North America.

March 19, 2013

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