HEWITT –– FedEx Corp. has broken ground on a 102,000-square-foot distribution facility in central Texas. The site doubles its current capacity with 96 van positions, and is expandable to 120. The new space should allow volume increase, which could lead to increase in hiring for the site, according to FedEx.
ANAHEIM, CALIF. – Sares-Regis has sold the last of the three LEED-Gold industrial buildings that it developed last year in Anaheim to California Manufacturing for $4.3 million. The aerospace manufacturer will occupy the new 31,744-square-foot building. The three buildings are situated on 6.2 acres, and were the first speculative industrial facilities to earn the LEED-Gold rating in Orange County, Calif. Sares-Regis was represented by CBRE's Brad Bierbaum. California Manufacturing was represented by Lee & Associates' David Williams.
KANSAS CITY, MO. — Ball Metal Beverage Container Corp. has sold a 412,699-square-foot industrial property, located at 1800 Reynolds Ave. in Kansas City, to Amerco Real Estate Co. for $4.7 million. Ed Elder, Doug Hedrick and John Delzer of Colliers International's Kansas City office represented the seller, and Mark Fountain and Nick Tinnel of Jones Lang LaSalle's Kansas City office represented the buyer.
RANCHO CUCAMONGA, CALIF. – Lee & Associates assisted Rancho Logistics, LLC in obtaining a 60-month lease for a 172,560-square-foot industrial facility in Rancho Cucamonga. The lease is valued at $3.1 million. Vince Anthony, a principal and senior vice president of Lee & Associates’ Ontario office, represented the tenant. Voit Real Estate represented the landlord, Krausz RC Properties One, LLC.
ELWOOD, ILL. — Malvern, Pa.-based Liberty Property Trust has acquired two industrial buildings at Centerpoint Intermodal Center in Elwood from Mirvac for $60 million. The buildings include an approximately 1.02 million-square-foot warehouse/distribution center located at 212705-07 Mississippi St. and a 213,500-square-foot warehouse/distribution center located at 27413 S. Baseline Rd. The properties are currently 36 percent leased.
AURORA, ILL.; AND PLEASANT PRAIRIE, WIS. — Chicago-based Paine/Wetzel · ONCOR International has arranged two transactions involving industrial buildings in Illinois and Wisconsin. In Aurora, Trigon International purchased a 75,203-square-foot industrial building in the Meridian Business Campus, located at 4000 Sussex Ave., from Duke Realty. Jerry Sullivan and Brandon Wright of Paine/Wetzel represented the buyer and Elise Couston and William Kerrins of the same firm represented the seller. In Pleasant Prairie, Kirsan Engineering purchased a 32,500-square-foot industrial building in LakeView Corporate Park, located at 8201 100th St., from PPG Industries. Sam Badger and Brad Weiner of Paine/Wetzel represented the buyer and Ryan Kehoe of Grubb & Ellis' Rosemont, Ill., office represented the seller.
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.
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.
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.
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.