LAS VEGAS — Marnell Properties will soon break ground for the $29 million Marnell Air Cargo Center, an air-freight logistics center located at McCarran Airport in Las Vegas. Situated on 19.15 acres at the airport’s new Terminal 3, the 200,928-square-foot project will house the freight and mail-sorting operations of FedEx, Southwest Airlines, Worldwide Flight Services, Allegiant Air, UPS and others. Expected to be completed in fourth quarter 2010, the project was fully financed through Mutual of Omaha Bank. R&O Construction is the general contractor, and Marnell Architecture is serving as the executive architect on the project.
Industrial
KANSAS CITY, KAN. — Aaron’s Inc. has signed a 10-year lease for 123,735 square feet of industrial space at 1 Kansas Avenue in Kansas City. The new Class A warehouse distribution facility is owned by Prime Investments. Whitney Kerr of Colliers Turley Martin Tucker – Kansas City represented the tenant; Paul Neal of Grindstone Industrial Properties represented the landlord in the transaction.
TUCSON, ARIZ. — Jones Lang LaSalle’s Tim Glenn and Bill Honsaker and Steve Cohen of PICOR Commercial Real Estate Services have represented KLA-Tencor Corp. in the $5.3 million sale of a 60,000-square-foot industrial building, located at 3740 E. Universal Way in Tucson. Grubb & Ellis’ Robert Davis represented the undisclosed buyer in the transaction.
ROMEOVILLE, ILL. — Englewood Cliffs, N.J.-based LG Electronics USA has renewed its lease for 408,966 square feet of industrial space at Park 55, 875 Crossroads Parkway in Romeoville. The facility features 30-foot clear ceiling heights, 68 exterior docks and an ESFR sprinkler system. The property is owned by Duke Realty Corp. Jack Rosenberg and Frederick Regnery of Colliers Bennett & Kahnweiler represented the tenant in the transaction.
TWINSBURG, OHIO — Electric Sweeper Service Co. has leased 62,200 square feet of industrial space at 1933 Highland Rd. in Twinsburg. The company plans to use the facility for its headquarters. Terry Coyne of Grubb & Ellis facilitated the transaction. The landlord is 1933 Highland Road LLC. Additional terms of the lease were not disclosed.
HUDSON, OHIO — SNS Nano Fiber Technology has leased 22,800 square feet of industrial space at 5633 Hudson Industrial in Hudson. The tenant, which produces specialized nanofiber matrices, is part of a family of companies including Stow, Ohio-based Struktol. Tom Fox of Cummins represented the tenant. Bob Garber and Matt Beesley of CRESCO Real Estate represented the landlord, Tri-State Realty, in the transaction.
ARLINGTON, TEXAS — Lee & Associates has completed the sale of a 56,841-square-foot warehouse located at 1721 Susan Dr. in Arlington. Donnie Rhode of Lee's Dallas/Fort Worth office represented the seller, Data Distribution Service, and Mark Graybill, also of Lee, represented the buyer, Package Express. The acquisition price was not disclosed.
ALSIP, ILL. — McShane Construction Co. has been selected to construct a 16,300-square-foot expansion for Scientific Dust Collectors’ manufacturing facility, which is located at 4101 W. 126th St. in Alsip. The project will feature a large crane bay, 30-foot clear ceiling heights, a drive-in door and an external dock. Computerized Structural Design will provide architectural services for the project, which is slated for completion in December.
HILLSBORO, ORE. — Colliers International has brokered Acumed LLC’s $4.94 million purchase of a 52,807-square-foot flex facility at 4860 N.W. Shute Rd. in Hillsboro from Hansen Commercial Investments LLC. The transaction included 9 acres of land. Colliers International’s Paul Breuer represented the buyer, and Brad Fletcher, David Hill and Michelle Franceschi of Grubb & Ellis represented the seller.
OLATHE, KAN. — Bushnell has leased 221,800 square feet of industrial space at 22101 W. 167th St. in Olathe for an undisclosed price. The relocation will allow Bushnell to close two of its three existing locations. Other tenants of the 601,829-square-foot facility include FedEx Smartpost. Kenneth Block and Michael Block of Block Real Estate Services represented the tenant; Joe Accurso and Dan Jensen of Kessinger/Hunter & Co. represented the owner, Sun Life Assurance.