Industrial

IDI LEASES 202,356 SQUARE FEET AT ROCK RUN BUSINESS PARK

by admin September 2, 2009

JOLIET, ILL. — Atlanta-based IDI has leased 202,356 square feet of industrial space within Rock Run Business Park in Joliet to Menlo Worldwide Logistics. Menlo will use the space, located within Building 8, on behalf of Caterpillar. John Suerth of CB Richard Ellis and Steve Shields of Transportation Property Co. represented Menlo in lease negotiations. Rock Run Business Park is situated approximately 1 mile from the intersection of interstates 55 and 80. It totals 387 acres and contains 12 buildings with 3.5 million square feet of industrial space. Other tenants at the park include Mack Trucks, PETCO Animal Supplies, Tyco Healthcare, Unisource and Madison Warehouse Corp.

September 2, 2009

DARWIN COMPLETES TWO INDUSTRIAL DEALS

by admin September 2, 2009

ADDISON AND HANOVER PARK, ILL. — Elmhurst, Ill.-based Darwin Realty & Development Corp. has completed two Chicagoland industrial deals. In the first transaction, Darwin brokered the sale of a 17,000-square-foot building located at 230 Lombard Rd. in Addison. The property features 18-foot clear ceiling heights, three exterior docks and approximately 1,700 square feet of office space. Darwin’s Noel Liston represented the seller, Panattoni Development Co. Sean Henrick of Cushman & Wakefield represented the buyer, Gourmet Express. In the second transaction. Liston and Matt Lewandowski, also of Darwin, represented the landlord in the leasing of 64,000 square feet at 4150 Chandler Dr. in Hanover Park. The tenant, Clarke Packing & Crating Co., was represented by George Pappas of Hartford Associates. The landlord was CenterPoint Properties. The building is situated within Mallard Lakes Business Park. It features 24-foot clear ceiling heights, four interior docks, one drive-in door and 4,700 square feet of office space.

September 2, 2009

Industrial Northeast

SILVERLEAF FINANCIAL PURCHASES TWO COMMERCIAL LOANS

by admin September 2, 2009

TAUNTON AND WOOSTER, MASS. — Salt Lake City-based SilverLeaf Financial has purchased two commercial loans with a value of $3 million. The first loan totals $2.3 million and is secured by a 452,000-square-foot office and industrial flex building situated on approximately 40 acres in Taunton. The second loan totals $700,000 and is secured by an approximately 40,000-square-foot flex property located in Wooster. Details of the transactions were not disclosed.

September 2, 2009

Industrial Texas

HENRY S. MILLER NEGOTIATES 20,000-SQUARE-FOOT FLEX SALE

by admin September 2, 2009

ARLINGTON, TEXAS — Henry S. Miller Brokerage (HSMB) has negotiated the sale of a 20,000-square-foot flex building located in Arlington. Situated at 610 Magic Mile, the Class B property contains 10,000 square feet of warehouse space and 10,000 square feet of office and production space. Jim Hazard and Brett Heinen of HSMB represented the seller, New York-based Blumberg Excelsior. The buyer was North Richland Hills, Texas-based Pharmacy Concepts. The purchase price was not released.

September 2, 2009

Industrial Texas

NAI HOUSTON ARRANGES TWO LEASES

by admin September 2, 2009

HOUSTON — NAI Houston has arranged two leases in Houston. In the first transaction, First Call Field Service signed a lease for a 20,000-square-foot industrial building located within Northwest Green Business Park at 5123 Hiltonview Rd. The tenant was represented by Travis Land of NAI Houston. John Ferruzzo, also of NAI, represented the landlord, Capital Commercial Investments. In the second transaction, Dynamic Offshore Resources subleased 49,314 square feet of office space at 1301 McKinney St. from StatoilHydro. Josh Cheatham and Dan Boyles of NAI Houston represented the subtenant. Joe Peddie and Kevin Snodgrass of Cushman & Wakefield represented the sublessor.

September 2, 2009

Industrial Western

235,000-SQUARE-FOOT INDUSTRIAL LEASE NEGOTIATED FOR $6 MILLION

by admin September 2, 2009

CYPRESS, CALIF. — Secaucus, N.J.-based Empire Warehouse & Distribution has signed a 5-year lease for 235,000 square feet of industrial space at 6550 Katella Ave. in Cypress. The company plans to occupy the facility in October. The lease is valued at more than $6 million. David Bales and Don Smith of Lee & Associates represented the tenant; Cushman & Wakefield represented the landlord, Colony Partners, in the transaction.

September 2, 2009

Industrial Western

169,732-SQUARE-FOOT INDUSTRIAL LEASE SIGNED

by admin September 2, 2009

FONTANA, CALIF. — Recall Information Systems has leased 169,732-square-foot industrial building, which is located at 7875 Hemlock Ave. in Fontana, for $5.65 million. The lease was valued at $5.65 million. Greg Lance of Equis represented the tenant; Mark Zorn and Tal Siglar of DAUM Commercial Real Estate Services represented the landlord, Newport Beach, Calif.-based Alere Property Group, in the transaction.

September 2, 2009

Industrial Southeast

CONTAINER COMPANY SIGNS LEASE RENEWAL FOR 80,500 SQUARE FEET

by admin September 1, 2009

BESSEMER, ALA. — Target Container Co. has signed a lease renewal with an undisclosed landlord for 80,500 square feet of warehouse space in the Perimeter Industrial Park. The property, which is located at 4978 Perimeter Way in Bessemer, has housed Target for 15 years. Sonny Culp of Birmingham, Ala.-based Graham & Co. represented the tenant in the lease. Birmingham-based EGS Commercial Real Estate’s Brad Moffat represented the landlord.

September 1, 2009

Industrial Midwest

WELSHINVEST ACQUIRES TWO INDUSTRIAL FACILITIES FOR $12.3 MILLION

by admin September 1, 2009

FOND DU LAC AND FRANKLIN, WIS. — On behalf of Welsh Real Estate Fund IV WelshInvest, an affiliate of Twin Cities, Minn.-based Welsh Cos., has completed two acquisitions totaling $12.3 million in Wisconsin. The company has purchased Fond du Lac III, a 234,000-square-foot office/warehouse property in Fond du Lac, for $5.1 million. Additionally, the company acquired Franklin Park Industrial Center II, a 155,320-square-foot industrial property located in Franklin, for $7.2 million.

September 1, 2009

Industrial Texas

ARCH-CON BREAKS GROUND FOR NEW WAREHOUSE

by admin September 1, 2009

HOUSTON — Houston-based Arch-Con Construction has broken ground for a new 96,360-square-foot warehouse located in Houston. Situated on West Sam Houston Parkway North, the concrete tiltwall building is being developed for G.E.T. It will consist of 84,460 square feet of warehouse space and 11,900 square feet of office space. Completion is scheduled for the first quarter of 2010.

September 1, 2009

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