Industrial

CONSTRUCTION TOPS OUT FOR 86,000-SQUARE-FOOT ALLSTON LANDING ADDITION

by admin February 9, 2009

BOSTON — Construction had topped out for an 86,000-square-foot addition to Genzyme’s Allston Landing biomanufacturing facility, located along the Charles River in Boston. The addition, which was designed by ARC/Architectural Resources Cambridge, will add space for manufacturing and support functions. It will also include the construction of a new 26,000-square-foot underground cogeneration plant that will generate steam for plans operations, as well as generate electricity. ARC served as project architect for the plant’s original construction in 1991 and, since then, has designed more than 1 million square feet of new construction and renovation projects for Genzyme since then. Completion is scheduled for spring 2010. General contracting services are being provided by Turner Construction Co.

February 9, 2009

ALOE LABORATORIES ANNOUNCES EXPANSION

by admin February 9, 2009

HARLINGEN, TEXAS — Aloe Laboratories, an aloe vera farming and processing company, has announced plans to expand its 47,500-square-foot processing facility located at 5821 E. Harrison in Harlingen. The project, which is expected to cost more than $500,000, will expand its current facility by 20,000 square feet. Construction is set to begin this month.

February 9, 2009

Industrial Western

75,000-SQUARE-FOOT WAREHOUSE LEASED INKED

by admin February 9, 2009

LAS VEGAS — Phoenix Recycling Technologies has leased 75,000 square feet of industrial space at 4775 E. Cheyenne Ave. in Las Vegas. The 10-year lease is valued at $4.2 million. Jennifer Levine of Grubb & Ellis|Las Vegas represented the tenant; Xavier Wasiak, also of Grubb & Ellis|Las Vegas, represented the landlord, LV Cheyenne LLC, in the transaction.

February 9, 2009

Industrial Southeast

140,545-SQUARE-FOOT LEASE SIGNED IN VIRGINIA DISTRIBUTION CENTER

by admin February 6, 2009

STAFFORD COUNTY, VA. — Iron Mountain has leased a 140,545-square-foot warehouse in the Virginia Gateway Distribution Center from Brandywine Distribution. Located at 2031 International Parkway in Stafford County, the center will eventually encompass four buildings totaling 500,000 square feet. Iron Mountain, a company that stores and digitizes public and private records, will move into its space at the end of the summer. John Dettleff of Grubb & Ellis’ Vienna, Va., office represented the tenant, and Rich McDaniel and Jeff Dowdell of CB Richard Ellis’s Fredericksburg, Va., office represented Brandywine.

February 6, 2009

Industrial Northeast

COLLIERS LANARD & AXILBUND BROKERS SALE OF FORMER SEARS WAREHOUSE

by admin February 6, 2009

NEWPORT, DEL. — Philadelphia-based Colliers Lanard & Axilbund (CLA) has brokered the sale of the former Sears distribution center located at 200 Sears Blvd. in Newport. The property comprises an approximately 251,912-square-foot warehouse and distribution facility situated on 12.5 acres within First State Industrial Park. The facility has been vacant since 2006. Mark Chubb and Larry Bergen of CLA represented the seller, Sears, and Andy McGhee, also of CLA, represented the buyer, J&J Langhorne Properties, which has already pre-leased the property to a third party. The acquisition price was undisclosed.

February 6, 2009

Industrial Southeast

75,000-SQUARE-FOOT WAREHOUSE SOLD FOR $5.75 MILLION

by admin February 5, 2009

YOUNGSVILLE, N.C. — Dixie Development Co. has purchased a 75,000-square-foot manufacturing building from an undisclosed party for $5.75 million. The warehouse is located in the Youngsville Industrial Park on Bert Winston Road in Youngsville. Hollister currently leases the property, which features 11,325 square feet of office space and 16,600 square feet of clean room manufacturing space. Herb Cunningham of Raleigh, N.C.-based Caldwell Banker Commercial TradeMark Properties represented the buyer.

February 5, 2009

Industrial Midwest

COLLIERS B&K TO MANAGE/LEASE 4.3 MILLION-SQUARE-FOOT INDUSTRIAL PORTFOLIO

by admin February 5, 2009

CHICAGO — Colliers Bennett & Kahnweiler has been selected by Hawaii-based James Campbell Co. to be in charge of management and leasing for the company’s 4.3 million-square-foot Chicago industrial portfolio. The 14 properties are situated within the Central DuPage submarket, the Interstate 55 Corridor submarket and the Fox Valley submarket. The properties include: • 1000 Stevenson Court (169,050 square feet) • 1055-1105 Stevenson Court (119,775 square feet) • 1445 Hamilton Parkway (128,105 square feet) • 180 Exchange Avenue (177,615 square feet) • Carol Point Business Center — 195 East Elk Trail (334,718 square feet) • 1980 High Grove Lane (327,000 square feet) • 940 Enterprise Drive (88,436 square feet) • 515-585 Kehoe Boulevard (385,344 square feet) • 2560 White Oak Circle (163,420 square feet) • 785 Center Avenue (303,621 square feet) • Windham Industrial Center VI — 1140 Remington (453,568 square feet) • Windham Industrial Center VII — 1070 Windham Parkway (723,291 square feet) • 815 Bluff Road (490,420 square feet) • 825 Bluff Road (500,160 square feet) David Bercu, Ronald Behm, Charles Canale and Brian Kling of Colliers Bennett & Kahnweiler’s Industrial Services Group will lead the leasing efforts. Phillip Stafford of Colliers Bennett & Kahnweiler will provide oversight …

February 5, 2009

Industrial Northeast

JACKSON CROSS BROKERS TWO MANUFACTURING SALES

by admin February 5, 2009

TROY AND ELYSBURG, PA. — King of Prussia, Pa.-based Jackson Cross Partners – ONCOR International (JCP) has represented CSS Industries in the sales of two of the company’s Pennsylvania manufacturing facilities. The first property is a 211,000-square-foot plant, located on 13 acres in Troy, which was formerly utilized by CSS to manufacture decorative and woven ribbons. The second property, the former Arrow Shirt Co. building, is a 64,000-square-foot manufacturing plant located on 12.35 acres in Elysburg. It was formerly used by CSS’ Paper Magic Group for the production of seasonal holiday products. JCP’s Lou Battagliese and Nick Adams, along with Jeff Bower of Mericle Commercial Real Estate, represented CSS in both transactions. The buyer of the Troy facility was Cummings Lumber Co. and the buyer of the Elysburg facility was Toy Factory. The acquisition prices were not disclosed.

February 5, 2009

Industrial Western

CBRE NEGOTIATES 323,345-SQUARE-FOOT LEASE

by admin February 5, 2009

PHOENIX — Bill Bayless and Andrew Brigham of CB Richard Ellis’ Phoenix office represented Phoenix-based Furniture Values International LLC in the 7-year, 323,345-square-foot lease of Valley West Distribution Center in Phoenix. The property is located at 601 N. 75th Ave. Furniture Values International is a distributor of home furnishings, including the aspenhome™ furniture line. Paul Schifman provided in-house representation for the landlord, Oakland, Calif.-based Myron Zimmerman Investments.

February 5, 2009

Industrial Midwest

YRC WORLDWIDE COMPLETES FIRST PHASE OF $151 MILLION FINANCING TRANSACTION

by admin February 4, 2009

OVERLAND PARK, KAN. — Overland Park-based YRC Worldwide Inc. has secured approximately $101 million after closing the first part of the sale and financing leaseback for an undisclosed number of its facilities. The company, which is one of the largest transportation service providers in the world, expects to receive approximately $50 million more from NATMI Truck Terminals LLC in a second closing. YRC Worldwide plans to use the proceeds from the transaction for operating purposes. The company will account for the proceeds as a financing transaction, which allows the assets to remain on the books, and a lease obligation will be recorded as long-term debt.

February 4, 2009

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