Industrial

PANATTONI BREAKS GROUND FOR 1 MILLION-SQUARE-FOOT INDUSTRIAL CENTER

by admin October 1, 2008

HOUSTON — Sacramento, Calif.-based Panattoni Development Co. has broken ground for Phase I of Airtex Industrial Center, a 59.57-acre, Class A industrial park located at the intersection of Airtex Drive and Interstate 45 in Houston. Currently under construction is a 486,720-square-foot, speculative distribution facility. Completion of the shell is expected in April 2009; the project is being designed in anticipation of LEED – Core & Shell certification. Additional construction will include a total of 1 million square feet of industrial space, as well as office and retail pad sites. Airtex Industrial Center is being constructed by Panattoni Construction. Gary Mabray and Walker Barnett of the Houston office of Colliers International are provided leasing services for the project.

October 1, 2008

110,638-SQUARE-FOOT ORLANDO INDUSTRIAL BUILDING SOLD

by admin September 30, 2008

ORLANDO, FLA. — Freehold, N.J.-based Monmouth Real Estate Investment Corp. has purchased a 110,638-square-foot industrial building, located at 950 Bennett Rd. in Orlando, from Delaware-based FE Orlando Investment Limited Partnership for $8.3 million. The property is leased to Federal Express Corp. until 2017.

September 30, 2008

Industrial Midwest

INLAND COS. BROKERS TWO INDUSTRIAL TRANSACTIONS

by admin September 30, 2008

BARTON AND MENOMONEE FALLS, WIS. — Mark Schnoll and Evan Walton of Inland Cos. have brokered the sale of two Wisconsin industrial facilities. In Barton, Inland Cos. has arranged the sale of a 17,000-square-foot industrial property located at 7259 Sleepy Hollow Rd. Leo Otten Properties has acquired the building for $850,000. Additionally, in Menomonee Falls, Schnoll and Walton have brokered the sale of an 8,000-square-foot industrial property located at W146 N5808 Enterprise Ave. MCS Investment Properties LLC has acquired the facility for $610,000.

September 30, 2008

Industrial Midwest

MERIDIAN REAL ESTATE ARRANGES 311,000-SQUARE-FOOT INDUSTRIAL LEASE

by admin September 29, 2008

INDIANAPOLIS — Indianapolis-based Meridian Real Estate has represented the landlord, First Industrial Realty Trust, in leasing 311,000 square feet of industrial space within the Shadeland Commerce Center in Indianapolis. CHEP USA has leased the space at 2900 N. Shadeland Ave. in order to accommodate its expansion. The building, which is now 84 percent occupied, totals 926,000 square feet in size. Brian Seitz and Steve Schwegman of Meridian Real Estate represented the landlord; the Dallas office of UGL Equis represented the lessee in the transaction. Terms of the lease were not disclosed.

September 29, 2008

Industrial Western

INDUSTRIAL WAREHOUSE TRADES HANDS FOR $1.34 MILLION

by admin September 29, 2008

SAN DIEGO — Goodwill Industries of San Diego County has purchased a 10,000-square-foot industrial warehouse building in San Diego. Located at 2640-44 Market St., the property sold for $1.34 million. The building is situated on two 7,000-square-foot parcels and offers six offices, mezzanine storage space and 18-foot ceilings. Bryan Cunningham of Flocke & Avoyer represented the buyer; Tim Mills of Cushman & Wakefield represented the seller, Edward Suleiman, in the transaction.

September 29, 2008

Industrial Southeast

TRINITY PARTNERS BROKERS 210,000-SQUARE-FEET OF INDUSTRIAL LEASES

by admin September 26, 2008

CHARLOTTE, N.C. — Bill Wood of Charlotte, N.C.-based Trinity Partners has leased space in two local warehouses totaling more than 210,000 square feet to two companies. He represented Costa Mesa, Calif.-based Anna’s Linens in its lease of 112,000 square feet in ProLogis’ Ridge Creek 1 building, located on Ridge Creek Drive in Charlotte. Westerville, Ohio-based Exel has also renewed its 102,600-square-foot lease for 1000 Bond St. in Charlotte. Further details of the loans were not announced. Ridge Creek will serve as a primary distribution point for Anna’s, and Excel will continue to use its property on Broad Street to service its Freightliner account.

September 26, 2008

Industrial Southeast

148,796-SQUARE-FOOT INDUSTRIAL PROPERTY SOLD

by admin September 26, 2008

DUNCAN, S.C. — PrecisionCast Parts Corp. has sold a two-building, 148,796-square-foot property, located on Victor Hill Road in Duncan, to Charlotte, N.C.-based Forsite Development for an undisclosed price. Charleston, S.C.-based Coppedge & Tison’s Marcus Cornelius, IV, and Todd Younghans represented the seller.

September 26, 2008

Industrial Midwest

GRUBB & ELLIS BROKERS 41,771-SQUARE-FOOT INDUSTRIAL TRANSACTION

by admin September 26, 2008

WARREN, MICH. — Grubb & Ellis has brokered the sale of a 41,771-square-foot industrial facility located at 24534 Groesbeck Highway in Warren. Rymoso Investment, a parent company of Elite Stainless Inc., has acquired the building from L&A Johnson Family LLC. Elite Stainless now occupies most of the facility, which was once a multi-tenant building. Mike Davidson represented both parties in the transaction. The acquisition price was not disclosed.

September 26, 2008

Industrial Texas

FORMER TECHNICAL CENTER CAMPUS TO BE REDEVELOPED

by admin September 26, 2008

CORPUS CHRISTI, TEXAS — Redevelopment is under way for the former Hoechst Celanese Technical Center in Corpus Christi. Situated on 112 acres along Clarkwood Road, the campus currently contains more than 50 buildings ranging in size from 1,000 to more than 175,000 square feet. Initial plans call for the campus to be redeveloped into an industrial campus. Some of the buildings will be demolished and the redevelopment process will be on an ongoing timeline, but portions of the park are currently ready for occupancy. The property was purchased earlier this year by an investment group headed by Dan Henderson, eh CEO of Houston-based Doyles. Josh Gaines of Corpus Christi-based NAI Cravey Real Estate Services has been named exclusive leasing agent.

September 26, 2008

Industrial Texas

TWO BUILDINGS WITHIN BAMMELL BUSINESS PARK SOLD

by admin September 26, 2008

HOUSTON — The Houston office of Holliday Fenoglio Fowler (HFF) has arranged the sale of Bammell Business Park 6 and 7, two industrial/flex building located within Bammell Business Park in Houston. Completed in 2008, Bammell Business Park 6 and 7 each comprise 55,200 square feet, and are located at 4702 and 4802 N. Sam Houston Tollway, respectively. Rusty Tamlyn and Mike Parker of HFF represented the undisclosed seller; the two are also marketing the remaining five properties in the business park for the seller.

September 26, 2008

Newer Posts

Older Posts