Industrial

COLLIERS NEGOTIATES TWO NEW JERSEY INDUSTRIAL SALES

by admin November 13, 2009

MOORESTOWN AND CHERRY HILL, N.J. — Colliers Lanard & Axilbund (CLA) has negotiated the sale of a 52,800-square-foot industrial building located in Moorestown for $2.8 million. The building is siauted at 9 Whittendale Drive within the Moorestown Industrial Park. Starlight Productions International purchased the property and plans to use it to expand its operations, currently located in nearby Cherry Hill. Marc Isdaner of CLA represented the seller, First Industrial LP. Paul Wierzel of NAI Mertz represented Starlight. In addition, Isdaner and Ian Richman, also of CLA, represented A.F. Callan & Co. in the sale of an 8,216-square-foot flex building located at 615 Deer Rd. in Cherry Hill to Deli-on-the-Go dba Kosher Mart Foods. The property traded for $550,000.

November 13, 2009

HARRISON STREET ACQUIRES SELF-STORAGE PORTFOLIO

by admin November 13, 2009

TEXAS — Chicago-based Harrison Street Real Estate Capital has acquired a nine-property self-storage portfolio located in Texas. The portfolio totals 536,000 square feet and 5,300 units. Five of the properties are located in the Houston area, and the remaining four properties are located in Austin, Dallas, Plano and San Antonio. Harrison Street plans to rebrand each of the facilities as Morningstar Mini-Storage. They will be managed by one of the company's affiliates, Matthews, N.C.-based Morningstar Properties LLC. With this acquisition, Harrison Street increased the size of its self-storage portfolio to 74 properties in 16 states totaling 47,000 units.

November 13, 2009

Industrial Western

VOIT HANDLES $3.8 MILLION INDUSTRIAL SALE IN ORANGE COUNTY

by admin November 13, 2009

ANAHEIM, CALIF. — Voit Real Estate Services has brokered Caldwell Real Estate Holdings LLC’s $3.8 million sale of a 27,796-square-foot industrial building, located at 1260 N. Fee Ana St. in Anaheim, to U.S. Union Tool Inc. Voit’s Mike Vernick and Mike Bouma represented the seller, and Tim Cronin of Lee & Associates represented the 1031-exchange buyer.

November 13, 2009

Industrial Northeast

KALMON DOLGIN BROKERS SALE OF TWO BROOKLYN INDUSTRIAL BUILDINGS

by admin November 12, 2009

NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has brokered the sale of two industrial properties located in Brooklyn's Bushwick neighborhood for $2.9 million. The buildings consist of a 10,000-square-foot warehouse located at 102 Pilling St. and a 10,000-square-foot former food manufacturing facility located at 759 Chauncey St. The buyer, a non-profit organization, plans to convert the Pilling Street property into a medical office building. The property is zoned for an additional two stories and 20,000 square feet. The Chauncey Street property has been put back on the market for sale. Allison Chambers of KDA represented the buyer as well as the seller, Joreland Realty. KDA is also handling the re-sale of the Chauncey Street property.

November 12, 2009

Industrial Southeast

FIRM TO BUILD WATER FIELD OPERATIONS CENTER IN FLORIDA

by admin November 11, 2009

COCOA, FLA. — Fort Myers, Fla.-based J.L. Wallace will soon break ground on the 53,549-square-foot Water Field Operations Center Warehouse for the City of Cocoa Utilities Division. Located in Cocoa, the facility will be divided into 46,288 square feet of warehouse space and 7,261 square feet of second-floor office space.

November 11, 2009

Industrial Midwest

202,000-SQUARE-FOOT INDUSTRIAL FACILITY IN ORRVILLE, OHIO, SELLS

by admin November 11, 2009

ORRVILLE, OHIO — Holtec International has acquired a 202,000-square-foot industrial facility, which is located at 1400 Diary Ln. in Orrville. Situated on a 25.72-acre site, the property offers 186,700 square feet of industrial space and 15,400 square feet of office space. The company will open a nuclear power division, which provides management solutions for the backend of the nuclear power cycle, at the site. Matt Beesley and Fred Christie of CRESCO Real Estate represented the seller, American Weatherseal, in the transaction. The acquisition price was not disclosed.

November 11, 2009

Industrial Texas

LUFKIN AUTOMATION TO BUILD NEW HOUSTON-AREA HEADQUARTERS

by admin November 11, 2009

MISSOURI CITY, TEXAS — Lufkin Automation has acquired a 6.2-acre site in Missouri City's Lakeview Business Park for the construction of a new headquarters building. The $4 million project will consist of a 40,000-square-foot building. Construction is set to begin in early 2010. Lufkin will be relocating from its current facility on Beltway 8 in Houston. Economic incentives are being provided by the City of Missouri City. Lakeview Business Park is a 157-acre development owned by Trammell Crow Co.

November 11, 2009

Industrial Texas

SURGICAL MASK MANUFACTURER EXPANDS INTO FORT WORTH SUBURB

by admin November 11, 2009

NORTH RICHLAND HILLS, TEXAS — Surgical mask manufacturer Prestige Ameritech is expanding its operations into North Richland Hills. The company will occupy a 220,000-square-foot manufacturing facility located at 7201 Iron Horse Blvd. beginning in January 2010. It plans to employ more than 400 workers at the facility by 2015. The Iron Horse Boulevard building was previously occupied by Kimberly-Clark but has sat vacant since the company relocated its operations in 2001. Terms of the lease and the landlord's name were not disclosed.

November 11, 2009

Industrial Western

W.E. O’NEIL BEGINS CONSTRUCTION ON $48 MILLION PORT FACILITY

by admin November 11, 2009

LONG BEACH, CALIF. — W.E. O'Neil Construction Co. of California has started construction on the $48 million Pier G Maintenance Facility located in the Port of Long Beach. The project is part of the broader terminal redevelopment efforts, which include construction of an 87,200-square-foot maintenance and repair building, a 17,500-square-foot reefer wash building, a 10,000-square-foot West Arrival building, associated car and equipment parking, and a longshore restroom. Robert Stewart Architects has designed the Pier G Maintenance Facility to achieve LEED Silver certification.

November 11, 2009

Industrial Southeast

SOFO FOODS BUYS INDUSTRIAL SPACE IN GEORGIA

by admin November 10, 2009

SUWANEE, GA. — Toledo, Ohio-based Sofo Foods has purchased a 114,412-square-foot warehouse from an undisclosed seller for $2.9 million. The property, which Sofo will occupy in March, is located on 13 acres at 3910 Lakefield Dr. in Suwanee. Atlanta-based Colliers Spectrum Cauble’s Chris Cummings, Elizabeth McSweeney and Bill Buist represented Sofo. The firm’s Mike Spears and Ryan Sawyer represented the seller.

November 10, 2009

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