Industrial

SUMMIT DESIGN + BUILD COMPLETES 104,000-SQUARE-FOOT INDUSTRIAL FACILITY

by admin January 26, 2009

CHICAGO — Summit Design + Build has completed the Halsted Pershing Business Center located on a 6.6-acre site at the corner of Halsted Street and Pershing Road in Chicago’s Stockyard Industrial Park. Dayton Street Partners is the owner and developer of the 104,000-square-foot speculative industrial/manufacturing center. The single-story, steel and pre-cast building, which can house up to six tenants, includes 30-foot clear ceiling heights, four drive-in doors, eight exterior docks and parking for 75 cars. Cornerstone Architects provided design services; Michael Senner of Colliers Bennett & Kahnweiler is the marketing agent for the property. The estimated cost of completion was not disclosed.

January 26, 2009

UGL EQUIS BROKERS 68,000-SQUARE-FOOT INDUSTRIAL SALE

by admin January 26, 2009

IRVING, TEXAS — UGL Equis has brokered the sale of a 68,000-square-foot manufacturing/warehouse facility located at 6020 Colwell Blvd. in the Las Colinas submarket of Irving. The Class B property contains 24-foot clear ceiling heights, five docks and 13,868 square feet of office space. It was acquired by Xochitl, a manufacturer and distributor of snack foods, which plans to use the facility to consolidate and expand its Dallas headquarters operations. The company presently occupies approximately 2,000 square feet of office space at 17304 Preston Road in Dallas, with its manufacturing and warehousing facilities spread throughout the Dallas/Fort Worth Metroplex. Todd Phillips of UGL Equis’ Dallas office represented Xochitl. The seller, Nirtag, U.S., Inc., was represented by Bob Hagewood and Blake Kendrick of Stream Realty Partners. The acquisition price was not disclosed.

January 26, 2009

Industrial Southeast

CONSTRUCTION COMPLETE ON VOLKSWAGEN DISTRIBUTION FACILITY

by admin January 23, 2009

JACKSONVILLE, FLA. — Trammell Crow Co. and ING Clarion have finished construction of a 260,000-square-foot parts distribution facility for Volkswagen Group of America. The property, located in the Perimeter West Industrial Park in Jacksonville, will service 118 dealers throughout the Southeast. The warehouse features 30-foot ceiling heights, a 45,000-square-foot parts mezzanine and 10,000 square feet of office space. Volkswagen has leased the facility on a 15-year term.

January 23, 2009

Industrial Midwest

CBC COMPLETES SALE OF 240,795-SQUARE-FOOT INDUSTRIAL FACILITY

by admin January 23, 2009

ANDERSON, IND. — Tom Willey and Kurt Mathewson of Coldwell Banker Commercial Realty Services of Indianapolis have completed the sale of a 240,795-square-foot industrial facility located at 2900 Scatterfield Rd. in Anderson. The building, which is situated on an approximately 22.3-acre site, was purchased by Hy-Tech Machining Systems. Anderson Redevelopment Commission sold the property for an undisclosed amount.

January 23, 2009

Industrial Midwest

PRINCIPLE CONSTRUCTION COMPLETES 140,000-SQUARE-FOOT BUILD-OUT

by admin January 23, 2009

BOLINGBROOK, ILL — Bannockburn, Ill.-based Principle Construction Corp. has completed the build-out of Scrip Cos. new warehouse and office facility located at 360 Veterans Pkwy. in Bolingbrook. The 140,000-square-foot building includes 30-foot clear ceiling heights and 10 loading docks. Developer Seefried Properties selected Principle Construction Corp. as the builder for the project. Interwork Architects designed the facility. The estimated cost of completing the project was not disclosed.

January 23, 2009

Industrial Midwest

CPA¨:17 PURCHASES $15 MILLION COLD STORAGE FACILITY

by admin January 22, 2009

GLENDALE HEIGHTS, ILL. — CPA®:17, a publicly held non-traded REIT affiliate of investment firm W.P. Carey & Co., has purchased a cold storage facility located in Glendale Heights. The facility, which is fully occupied by Kronos Foods Inc., was acquired for approximately $15 million. Over the next 9 months, CPA®:17 plans to renovate the building into a state-of-the-art food production facility for Kronos. Upon completion of the project, Kronos will consolidate its Chicago operations into the new location.

January 22, 2009

Industrial Northeast

JACKSON CROSS BROKERS 183,570-SQUARE-FOOT DISTRIBUTION SALE

by admin January 22, 2009

THOROFARE, N.J. — Jackson Cross Partners (JCP) has brokered the sale of a 183,570-square-foot, cross-docked distribution building located at 117 Crown Point Rd. in Thorofare. Situated on 16.2 acres, the building features 32-foot clear ceiling heights and 60-foot by 54-foot column spacing. JCP’s Lou Battagliese, Jim Young and Harry McKenna represented the seller, Exeter Property Group. The buyer was Albert Tire Co., which is fitting up the recently constructed property to accommodate its new headquarters and warehouse operations. The company is currently located in Pennsauken, N.J.

January 22, 2009

Industrial Texas

DISTRIBUTOR SIGNS 103,184-SQUARE-FOOT INDUSTRIAL LEASE

by admin January 22, 2009

LA PORTE, TEXAS — Overland Distribution has signed a lease for 103,184 square feet of industrial space at Port Crossing Corporate Center in La Porte. The building is located at 1701 S. 16th St.; it features 30-foot clear ceiling heights, 60 exterior docks, significant trailer storage and rail access. Bill Gold and Jeff Everist of CB Richard Ellis represented the landlord, a joint venture between National Property Holdings and ML Realty Partners. Greg Egan of LeaseSquareFeet.com represented Overland Distribution.

January 22, 2009

Industrial Southeast

148,694-SQUARE-FOOT CHARLOTTE WAREHOUSE HAS NEW OWNER

by admin January 21, 2009

CHARLOTTE, N.C. — Cefla Group has purchased a 148,694-square-foot warehouse in Charlotte’s Northwoods Business Park from Warehouse Development Co. for an undisclosed amount. The buyer will move into the space, located at 6125 Harris Technology Blvd., after a renovation of the warehouse. Cefla will house the sales, manufacturing and distribution operations for its finishing and dental divisions in the property. Terry Brennan of Charlotte-based Trinity Partners represented the seller, and Delle Vedove served as in-house representation for Cefla.

January 21, 2009

Industrial Southeast

FLORIDA WAREHOUSE SOLD FOR $3.6 MILLION

by admin January 21, 2009

ALTAMONTE SPRINGS, FLA. — JVD Construction has purchased a 110,000-square-foot Altamonte Springs warehouse from an undisclosed seller for $3.6 million. The property, located at 350 Anchor Rd., had been occupied by Water Bonnet and was being used as a production and distribution facility. David Murphy of CB Richard Ellis’ Orlando, Fla., office represented the seller, and Realty Executives Orlando’s Jamie DiSalvatore represented the buyer.

January 21, 2009

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