Industrial

TA ASSOCIATES BUYS INDUSTRIAL BUILDING FROM CORNERSTONE FOR $10.7M

by admin June 25, 2012

SOMERSET, N.J. — TA Associates Realty has purchased a 159,000-square-foot industrial property in Somerset from Cornerstone Real Estate Advisors for $10.7 million. Built in 1998, the warehouse and flex building is fully leased to six tenants. The building is located at 65 Clyde Road and features 42-foot clear ceiling heights and 40-foot by 40-foot column spacing. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt, Frank Caccavo, Jason Goldman, Marc Petrella and Andrew Siemsen of Cushman & Wakefield marketed the property.

June 25, 2012

GRAPHIC DIMENSIONS SIGNS INDUSTRIAL LEASE

by admin June 22, 2012

AUSTELL, GA. — Graphic Dimensions has signed a 65,259-square-foot industrial lease at the 353,983-square-foot Hartman Business Center One, a distribution complex located at 675 Hartman Road in Austell. The manufacturer is relocating from 7775 The Bluffs to its new location. The complex is now fully leased. Steve Grable and Chris Tomasulo with Jones Lang LaSalle's Atlanta office represented KBS REIT, the landlord, in the transaction. Brad Pope of Atlanta-based Hailey Realty Co. represented the tenant.

June 22, 2012

Industrial Midwest

IMS SIGNS 312,500 SF INDUSTRIAL LEASE IN WISCONSIN

by admin June 22, 2012

KENOSHA, WIS. — Integrated MerchandisingSystems (IMS) has signed a lease for 312,500 square feet of industrial space at 10100 58th Place in Kenosha. The merchandising service agency is consolidating some of its locations into the new space. The building features 32' clear ceiling height and is located near I-94. Samuel Badger and Brad Weiner of Paine/Wetzel/TCN Worldwide represented IMS in the transaction. Keith Puritz and Ryan Bain of CBRE represented the building owner, LaSalle Investment Management.

June 22, 2012

Industrial Midwest

TRAIN U.S. SIGNS INDUSTRIAL LEASE IN BRIDGETON

by admin June 22, 2012

BRIDGETON, MO. — Train U.S. Inc. has inked a lease for 33,847 square feet of industrial space at 170 Corporate Woods Court in Bridgeton. Tim Balk and Tom Caskanett of Solon Gershman represented the landlord, Ashby Road Partners IV LLC, in the transaction.

June 22, 2012

Industrial Northeast

DOLLAR GENERAL TO BUILD $100M DISTRIBUTION CENTER IN PA.

by admin June 22, 2012

BETHEL TOWNSHIP, PA. — Dollar General Corp. has plans to build a $100 million, 900,000-square-foot distribution center, located at Interstate 78 and State Route 501 in Bethel Township. The facility will be located in Berks Park 78, a new industrial park, and is expected to create 500 jobs as well as an additional 75 trucking jobs. A group of economic development professionals housed within the state's Department of Community and Economic Development coordinated the project with the Berks County Industrial Development Authority. With more than 10,000 stores in 40 states, Dollar General has more retail locations than any retailer in America. In fiscal 2011, the retail chain posted $14.81 billion in sales. Construction is slated to begin this fall, with hiring starting in the fall of 2013.

June 22, 2012

Industrial Texas

EMSER TILE RENEWS 417,350 SF LEASE OF DISTRIBUTION SPACE

by admin June 22, 2012

HOUSTON — Emser Tile has renewed its lease of a 417,350-square-foot distribution center, located at 9835 A Genard Road in Houston's Northwest submarket. First Industrial Realty Trust, the landlord, was self-represented by Royal Pratt. As of March 31, First Industrial's 3.6 million-square-foot portfolio in Houston was 99 percent leased.

June 22, 2012

Industrial Midwest

BRIDGE DEVELOPMENT PARTNERS BUYS 50 ACRES FOR BUSINESS PARK

by admin June 21, 2012

LOCKPORT, ILL. — Bridge Development Partners has acquired 50 acres of land for the development of a new business park in Lockport. The site is midway between 1-55 and 1-80 and includes frontage along 1-355. The space can accommodate up to 1 million square feet of light industrial and distribution space. Bridge plans to break ground on a speculative building in 2013. The land is fully zoned and entitled.

June 21, 2012

Industrial Texas

NAI HOUSTON BROKERS INDUSTRIAL SALE

by admin June 21, 2012

SUGAR LAND — NAI Houston has brokered the sale of a 40,000-square-foot industrial facility, located at 510 Industrial Blvd. in Sugar Land. Chris Caudill and Joel Michael of NAI Houston represented the seller, KW Industries Inc., in the transaction. Blake Gibson and Ashley Yoder of Colliers International represented the buyer, Petronash.

June 21, 2012

Industrial Western

ANAHEIM INDUSTRIAL BUILDING SELLS FOR $3M

by admin June 21, 2012

ANAHEIM, CALIF. — A 28,045-square-foot industrial building in Anaheim has sold to La Jolla Leasing M&A, LLC for $2.95 million. It is located at 1240 N. Red Gum Street. La Jolla Leasing plans to occupy the entire building. The buyer was represented by Scott Seal of Lee & Associates. The seller, Frances Seiford, was represented by Seth Davenport and Mitch Zehner of Voit’s Anaheim office.

June 21, 2012

Industrial Southeast

GRANDBRIDGE NEGOTIATES $11M FINANCING

by admin June 20, 2012

OLIVE BRANCH, MISS. — Grandbridge Real Estate Capital has secured $11 million in first mortgage financing for the 234,660-square-foot Anda Pharmaceuticals Distribution Center, a single-tenant warehouse located in Olive Branch. Tom Turner of Grandbridge's Kansas City, Mo., office arranged the 10-year loan with a 16-year amortization schedule through Thrivent Financial for Lutherans.

June 20, 2012

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