Industrial

MARCUS & MILLICHAP COMPLETES $11.5M SALE-LEASEBACK IN WISCONSIN

by admin July 12, 2012

PEWAUKEE, WIS. — Marcus & Millichap has completed the $11.5 million sale-leasback of the American Distribution Center in Pewaukee, located 15 miles west of Milwaukee. The two-building complex is a build-to-suit for American TV & Appliance, a furniture, appliance and electronics retailer. Developed in 1989 and 1999, the property encompasses 287,000 square feet. Scott Pertel, Vincent Schwab, David Weinberg and Paul Kerber represented the buyer in the transaction. They also represented the seller, American TV & Appliance.

July 12, 2012

ANIMAL HEALTH COMPANY MOVES HEADQUARTERS TO TEANECK

by admin July 12, 2012

TEANECK, N.J. — Phibro Animal Health Corp. has leased 44,000 square feet at Glenpointe Centre in Teaneck. The company, which manufactures animal health and performance products, is relocating its headquarters from Ridgefield Park, N.J. Richard Baumstein, Marc Graham and Christian Politan of Cushman & Wakefield represented the owner, Alfred Sanzari Enterprises, in the transaction. The Krupat Group represented the tenant.

July 12, 2012

Industrial Northeast

HABITAT FOR HUMANITY LEASES SPACE IN NORTHERN NEW JERSEY

by admin July 12, 2012

RANDOLPH, N.J. — Morris Habitat for Humanity has inked a lease for 33,500 square feet at 274 South Salem St., an industrial property in Randolph. The nonprofit is relocating from the nearby Mill Hill, N.J. Barry Cohorsky and Joseph Vindigni of NAI Hanson represented the tenant in the transaction. Built in 1968, the one-story industrial property totals 45,000 square feet on more than 15 acres.

July 12, 2012

Industrial Texas

HFF BROKERS SALE OF 515,478 SF INDUSTRIAL PORTFOLIO

by admin July 12, 2012

HOUSTON — HFF has arranged the sale of a four-building, 515,478-square-foot industrial portfolio located in Houston. Two of the Class A properties are located within the Northwest 8 Business Park and the other two are located within the Windfern Distribution Center. The properties have an average of 93.3 percent occupancy and are leased to tenants such as Schlumberger Technology, Bayou Packaging, Core Laboratories and Specialty Rolled Metals. The buyer, Industrial Income Trust, purchased the properties free and clear of debt. Rusty Tamlyn and Trent Agnew of HFF represented the seller, a client advised by Clarion Partners, in the transaction.

July 12, 2012

Industrial Texas

ARCH-CON COMPLETES 108,000 SF HOUSTON WAREHOUSE

by admin July 12, 2012

HOUSTON — Arch-Con Construction has completed a 108,000-square-foot warehouse and office build-out for Eaton Corp., located at Sago Plaza in northwest Houston. The property includes a 75,000-square-foot manufacturing facility, a 25,000-square-foot office and an 8,000-square-foot training facility and demonstration room. The property is built to accommodate a five-ton jib crane and a five-ton bridge crane. Powers Brown Architecture designed the property. Jim Foreman of Cushman & Wakefield represented Sago Enterprises in the lease transaction.

July 12, 2012

Industrial Western

REUSABLE CONTAINER CORP DOUBLES ITS SPACE IN RANCHO CUCAMONGA

by admin July 12, 2012

RANCHO CUCAMONGA, CALIF. — Reusable Container Corporation has signed a new 52-month lease for 100,000 square feet of industrial space in Rancho Cucamonga. The company, which already occupies 100,876 square feet within this center, plans to expand its manufacturing operation with the additional space. It will now fully occupy the facility, which is located at 8950 Rochester Ave. within the Rancho Technology Park. Frank Geraci, Walt Chenoweth and Juan Gutierrez of Voit’s Inland Empire office represented both the tenant and the landlord, DCT Industrial Trust, in this transaction.

July 12, 2012

Industrial Midwest

MERIDIAN BREAKS GROUND ON KUBOTA ENGINE EXPANSION

by admin July 11, 2012

LINCOLNSHIRE, ILL. — Meridian Design Build has broken ground on a 100,280-square-foot building expansion for Kubota Engine America in Lincolnshire. The project includes the construction of an 81,880-square-foot warehouse and 18,400 square feet of office space. Kubota Engine America manufactures diesel and gasoline engines for the industrial market. Peter Schmidt and Ryan Moore of Meridian Design Build are managing the project. Timothy Morgan Associates is providing architectural services and Manhard Consulting will complete the engineering work.

July 11, 2012

Industrial Western

CAPROCK BUYS TWO SAN DIEGO INDUSTRIAL BUILDINGS

by admin July 11, 2012

SAN DIEGO — CapRock Partners has purchased two industrial buildings in San Diego that total 36,826 square feet. The properties were acquired through an all-cash transaction via an auction process at a courthouse in San Diego County. The purchase price was not disclosed. The adjacent buildings are located at 9225 and 9245 Brown Deer Road in the Sorrento Mesa/Miramar submarket. They were constructed in 1989. The firm plans to renovate the space before selling to individual owner-users. Mickey Morera and James Duncan of Cushman & Wakefield will market the properties.

July 11, 2012

Industrial Western

CHEYENNE TECHNOLOGY CENTER SELLS FOR $12M

by admin July 11, 2012

LAS VEGAS — Cheyenne Technology Center, a 172,328-square-foot industrial business park in North Las Vegas, has sold to Voit Real Estate Services for $11.9 million. The property, formerly known as the North Port Business Center, contains six office/flex/industrial buildings. It was 52 percent leased at the time of sale. Voit plans to invest $700,000 in upgrades to the property. Financing for the acquisition was provided by Wells Fargo Bank. Garrett Toft, Eric Larkin and Zac Zaher of Voit’s Las Vegas office will be the exclusive leasing agents for the property.

July 11, 2012

Industrial Midwest

WORK BEGINS ON $10M ELANTAS COMPLEX RENOVATION

by admin July 10, 2012

ST. LOUIS — McCarthy Building Cos. has started construction of a $10 million renovation for ELANTAS PDG, a specialty polymer supplier. The 32,000-square-foot ELANTAS complex is located on Second Street in St. Louis. The building was constructed in the 1930s and the project includes a full gut and remodel of the space. Crews will also add 4,000 square feet to house mechanical systems. St. Louis-based Burns & McDonnell designed the project, which is expected to be complete by August 2013.

July 10, 2012

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