Industrial

COLONY REALTY PARTNERS PURCHASES FOUR-BUILDING INDUSTRIAL PORTFOLIO

by admin July 12, 2011

DALLAS — Colony Realty Partners, a private real estate investment company, has purchased Corporate Ridge, a four-building industrial portfolio spanning 478,000 square feet. Holliday Fenoglio Fowler L.P., a commercial real estate and capital markets company, represented the seller, Champion. Randy Baird, Jud Clements and Robby Rieke, all of HFF, represented Champion in the transaction. The property is comprised of two warehouse buildings and two industrial/flex buildings that sit at 1200 Lakeside Pkwy.

July 12, 2011

AMAZON OPENS FOURTH FULFILLMENT CENTER IN PHOENIX

by admin July 12, 2011

PHOENIX – Amazon.com plans to open a 1.2-million-square-foot fulfillment center in Phoenix. This is Amazon's fourth fulfillment center in the Phoenix area. The new facility is expected to be complete this fall. Amazon's Arizona-based fulfillment centers are operated by Amazon.com.azdc LLC. The company also plans to open new fulfillment centers in Washington, and to expand one of its Arizona centers, located at 6835 West Buckeye Road, by 400,000 square feet.

July 12, 2011

Industrial Western

HERBALIFE LEASES INDUSTRIAL FACILITY IN CARSON

by admin July 12, 2011

CARSON, CALIF. – Herbalife International has leased 148,908 square feet of industrial space at Dominguez Technology Center, a master-planned business center in Carson. The new facility will allow Herbalife to nearly double the size of its West Coast distribution center, which currently occupies an 82,471-square-foot building in Carson. Jones Lang LaSalle’s Mike McRoskey, Tim O’Rourke, Frank Scott and Barry Hill represented Herbalife, which signed a 10-year lease. The facility's owner, Watson Land Company, was represented in-house by Lance Ryan.

July 12, 2011

Industrial Southeast

WELSH BUYS SEVEN INDUSTRIAL BUILDINGS FOR $64.95M

by admin July 11, 2011

MABLETON, DULUTH, AUBURN & AUSTELL, GA. — Welsh Property Trust has acquired seven industrial buildings totaling approximately 1.36 million square feet in Georgia for $64.95 million. Two of the properties are located in Mableton, two are in Duluth, one is in Auburn and two are in Austell. The portfolio is 100 percent leased. Colliers International's Atlanta office has been selected to manage the properties.

July 11, 2011

Industrial Midwest

EXETER ACQUIRES $240 MILLION INDUSTRIAL PORTFOLIO

by admin July 11, 2011

ILLINOIS, INDIANA AND OHIO — Exeter Property Group has acquired a portfolio of 19 industrial buildings from a partnership between Pinchal & Co. and American National Insurance Co. for $240 million. The portfolio comprises 6 million square feet of space that was 98 percent leased at the time of closing. The portfolio is leased to 27 tenants, a majority of which are publicly traded or credit-rated. The average remaining lease term is 5.8 years. The Jones Lang LaSalle team of John Huguenard, Peter Harwood, Garry Weiss and Sean Devaney represented the seller. Eight of the 19 buildings are located in the Midwest. One property is located in the St. Louis suburb of Granite City, Ill.; five properties are located in Indianapolis; and one property each is located in Whitestown, Ind., and Groveport, Ohio.

July 11, 2011

Industrial Midwest

KAPLAN BROKERS 30,000 SF FLEX DEAL IN MO.

by admin July 11, 2011

MARYLAND HEIGHTS, MO. — Kaplan Real Estate Co. has brokered the sale of an approximately 33,000-square-foot warehouse/office flex property located at 2282 Grissom Drive in the St. Louis suburb of Maryland Heights. Kaplan represented the seller, a lending institution that had foreclosed on the property. The buyer's name was not released.

July 11, 2011

Industrial Northeast

MASS. INDUSTRIAL BUILDING SELLS FOR $1.62M

by admin July 11, 2011

NEWBURYPORT, MASS. — Product Resources has purchased a 33,000-square-foot industrial building, located at 4 Mulliken Way in Newburyport, for $1.62 million from GEM Group Realty. Greg Klemmer and Tim Brodigan of Winchester, Mass.-based Klemmer Associates represented the buyer and Austin Spinella of North Andover, Mass.-based Minco represented the seller.

July 11, 2011

Industrial Southeast

OCEANEERING SIGNS 67,791-SQUARE-FOOT LEASE

by admin July 8, 2011

HANOVER, MD. — Oceaneering International has signed a 67,791-square-foot lease to expand its current warehouse space at Preston Gateway Corporate Park, located at 6090 Dorsey Rd. in Hanover, to a total of 114,478 square feet. Michael Elardo and Brian Kruger of Cushman & Wakefield's Industrial Services Group's Baltimore office represented Prudential Real Estate Investors, the landlord, in the transaction.

July 8, 2011

Industrial Western

WESTERN REALCO BUYS IRVINE INDUSTRIAL PROP FOR $19M

by admin July 8, 2011

IRVINE, CALIF. – Western Realco LLC has purchased a 13-acre industrial property in Irvine for more than $19 million. The single-story, 183,000-square-foot property is located inside the Irvine Business Complex. It was last renovated in 2000, and is currently 97 percent leased. Grubb & Ellis' Gary Allen, senior vice president of the industrial group, and Robert Griffith, senior vice president of investment services, worked with Voit Real Estate Services to represent Western Realco in the transaction.

July 8, 2011

Industrial Southeast

TRANSWESTERN COMPLETES 88,680 SF INDUSTRIAL LEASE AT DORAL LOGISTICS CENTER

by admin July 7, 2011

DORAL, FLA. — Wholesale Group has signed an 88,680-square-foot lease at the 174,024-square-foot Doral Logistics Center, located at 2900 NW 112th Ave. in Doral. Walter Byrd, Ben Eisenberg and Thomas Kresse represented Seagis Property Group, the landlord, in the transaction.

July 7, 2011

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