TEMPLE, TEXAS — Philadelphia-based Binswanger has brokered the sale of 160 acres, located within Temple Industrial Park in Temple. The parcel was acquired by San Antonio-based grocery store chain H-E-B, which plans to construct a 400,000-square-foot distribution center on the site. The facility will serve the grocer’s north central Texas stores. Binswanger negotiated the sale between H-E-B and the sellers, the Temple Economic Development Corp. and the city of Temple. H-E-B currently operates 300 stores in Texas and Mexico.
Industrial
HOUSTON – Goodyear Tire & Rubber Co. has leased space at Houston’s Hammerly Business Park. Goodyear leased 17,658 square feet of the facility, which is located at 1811 Brittmore Road in the city’s northwest submarket. Colliers International’s Cody Smoot represented the tenant; Gray Gilbert and Bill Rudolf of CB Richard Ellis represented the landlord, Clay Development and Construction. Goodyear is the first tenant to sign at the new 140,000-square-foot project, which contains office and distribution/warehouse space.
PORTLAND, ORE. — LG Electronics USA has leased 80,000 square feet of industrial space at Rivergate Corporate Center I in Portland. The value of the lease was not disclosed. Andrew Harnish of Jones Lang LaSalle represented the tenant; Evan Bernstein, Dave Ellis and John Fettig of Capacity Commercial Group represented the landlord, MEPT Rivergate, in the transaction.
CHESTER COUNTY, S.C. — Southeastern Petroleum and its majority stakeholder, Pesco-Beam Environmental Solutions, have broken ground on a $30 million facility in Chester County. The project has created 24 new jobs. Southeastern Petroleum manufactures environmentally friendly base oils used in lubrication production and estimates an annual output of 10 million gallons from the new property. Plans also call for a research and development center for Pesco-Beam.
ELKRIDGE, MD. — Kennedy Associates Real Estate Counsel has sold a 141,600-square-foot warehouse to Cabot Properties for $8.7 million. The property, which is fully leased, is located in the Meadowridge Business Park at 6675 Business Parkway in Elkridge. Gerry Trainor and Mark Glagola of Transwestern’s Washington, D.C., office represented the seller.
BOLINGBROOK, ILL. — Champion Realty Advisors has negotiated a lease for 101,387 square feet of industrial space in Bolingbrook on behalf of Reusable Container Co. Rich Antczak of Champion, along with Drew Wadley of Corporate Realty Advisors, arranged the lease for the tenant within 400 Crossroads Parkway, which is a 260,890-square-foot modern cross-dock warehouse/distribution facility owned by First Industrial Realty Trust. The building features 24-foot clear ceiling heights, 21 exterior loading docks and on drive-in door. Peter Roberson and John Suerth of CB Richard Ellis represented First Industrial in the transaction.
ADDISON AND COUNTRYSIDE, ILL. — Darwin Realty & Development Corp. has negotiated two long-term industrial leases in the southwest quadrant of metro Chicago. In Addison, Noel Liston represented Fieldsource Construction in a lease for a 35,000-square-foot freestanding industrial property located at 330 Fairbank. Liston also represented the building ownership, Panattoni Development Corp. The building is situated on 3 acres, and feature 18-foot clear ceiling heights and three interior loading docks. In Countryside, Darwin’s Daniel Fanelli, Brian Liston and Brian Gedvilas arranged a 38,460-square-foot lease at 9570 W. 55th St. on behalf of the undisclosed landlord. Joe Bronson of Darwin secured the warehouse space for the tenant, Artco Casket Co., which is relocating from Broadview, Ill. The building features 20-foot clear ceiling heights, three exterior docks and 1,000 square feet of finished office space.
EATONTOWN, N.J. — Weichert Commercial Brokerage has completed a lease for approximately 29,000 square feet of office/flex space, located at 246 W. Industrial Way in Eatontown. Peter Ricker of Weichert represented the tenant, New Jersey-based Empire Technologies. The tenant will be relocating and expanding its operations into the new facility. It will occupy the space for a 5-year term with a 5-year renewal option. The landlord, Industrial Way Complex, represented itself in-house.
ABILENE, TEXAS — The ribbon cutting has been held for a newly constructed wind tower manufacturing facility located in Abilene. The facility, which is situated on 42 acres, comprises 146,000 square feet of production space and 20 acres of storage space. Wind tower production began in February. The facility is operated by Tower Tech Systems, a subsidiary of Naperville, Ill.-based Broadwind Energy. Tower Tech currently operates another wind tower manufacturing facility in Manitowoc, Wis., and is constructing a third facility in Brandon, S.D.
CHICAGO — Elmhurst, Ill.-based Darwin Realty & Development Corp. has negotiated the sale of a 19,132-square-foot industrial building, located at 1820 W. Grand Ave. in Chicago. Darwin’s Daniel Fanelli and Victor DeBoer represented the undisclosed seller. Rob Federighi of ChicagoBroker.com represented the buyer, Jennifer Goldstone. Terms of the deal were not released.