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Industrial

IndustrialWestern

606,027-SQUARE-FOOT INDUSTRIAL PORTFOLIO FETCHES $46.3 MILLION

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TUCSON, ARIZ. — Boston-based Intercontinental Real Estate Corp. has acquired a six-building industrial/research and development portfolio in Tucson for $46.3 million or $73.40 per square foot. Situated on 50.92 acres adjacent to the Tucson International Airport, the 606,027-square-foot portfolio consists of Tucson Technology and Commerce Center I, II, III, IV and Medina Business Center I & II. At the time of acquisition, the asset was 95 percent occupied by a variety of tenants, including Ferguson Enterprises, UPS, Solon AG and United Collections Bureau. A joint venture of the Muller Company and GE Real Estate sold the portfolio. Ryan Gallagher and Kelly Rohfeld with Grubb & Ellis, along with Russ Hall and Steven Cohen of Picor Commercial, brokered the transaction.

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IndustrialSoutheast

210,000-SQUARE-FOOT GEORGIA WAREHOUSE SOLD

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FITZGERALD, GA. — Albany, Ga.-based Interstate Warehouse Services has sold its 210,000-square-foot distribution facility to Appleton, Wis.-based FPC Southern Properties for an undisclosed amount. Located at 176 Rip Wiley Rd. in Fitzgerald, the 17.34-acre property originally housed a Miller Beer canning operation. FPC will use the warehouse as a paper distribution facility expected to generate 50 jobs in the next few years. Arthur P. Barry, III, of Macon, Ga.-based Coldwell Banker Commercial Eberhardt & Barry brokered the transaction.

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IndustrialMidwest

NORTHSTAR RECYCLING GROUP LEASES 93,000 SQUARE FEET OF INDUSTRIAL SPACE

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DAYTON, OHIO — Springfield, Mass.-based Northstar Recycling Group has signed a lease for 93,000 square feet of space within the Dayton Distribution Center, which is located on Rosedale Drive in Dayton. The company will occupy the floor space by the end of the year. The building features rail access and a generous outside truck and trailer staging area. Tim Echemann of Sidney, Ohio-based Industrial Property Brokers negotiated the deal. Additional terms of the lease were not disclosed.

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IndustrialNortheast

INTEGRATED BUILDERS COMPLETES 200,000-SQUARE-FOOT BUILD-OUT

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AYER, MASS. — Integrated Builders has completed interior improvements for a 200,000-square-foot flex facility for L-3 Communications, located at 2 Nemco Way in Ayer. Construction consisted of the conversion of the warehouse building into 135,000 square feet of manufacturing space and 65,000 square feet of office space. In addition to the build-out, Integrated Builders installed new mechanical and electrical systems, as well as a new compressed air and vacuum system. L-3 will consolidate several of its locations into the new facility. The project architect was Harvard, Mass.-based Maugel Architects.

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IndustrialTexas

BANTA CORP. RENEWS 259,200-SQUARE-FOOT INDUSTRIAL LEASE

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HOUSTON — Banta Corp., a subsidiary of Chicago-based RR Donnelley, has renewed its lease for 259,200 square feet within the West by Northwest Business Park, located at 6315 West by Northwest Blvd. in Houston. Micheal Palmer, John Simons and Susana Rosas of CB Richard Ellis’ Houston office represented Banta in the transaction. The landlord, locally based Claymoore Northwest, was represented by Brian Gammil of the Houston office of Transwestern. Terms of the lease were not released.

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IndustrialWestern

AEP INDUSTRIES INC. LEASES 143,877 SQUARE FEET FOR $7 MILLION

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CHINO, CALIF. — AEP Industries Inc. has leased 143,877 square feet of industrial space within Watson Commerce Center Chino, which is located at 6949 Bickmore Ave. in Chino. The company signed an 88-month lease beginning January 15, 2009, for a total consideration of $7 million. AEP manufactures more than 15,000 types of multi-purpose and flexible packaging films. Chuck Belden of Cushman & Wakefield represented the lessee; Tom Taylor, Steve Bellitti and Josh Hayes of Colliers International represented the landlord, Watson Land Co.

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IndustrialMidwest

PARAMOUNT REAL ESTATE CORP. ARRANGES INDUSTRIAL ACQUSITION

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ST. PAUL, MINN. — Bloomington, Minn.-based Paramount Real Estate Corp./TCN Worldwide has arranged the acquisition of a 312,800-square-foot distribution/warehouse facility located at 1700 Wynne Ave. in St. Paul. The building will be occupied by a group of companies associated with the ownership of 3PL Holdings LLP. Companies occupying the facility in the first quarter of 2009 will include Superior Third Party Logistics, Superior Brokerage Services, SBS Transportation Services, SBS Specialized Transportation Inc. and SBS International. Additionally, the seller, Minnesota Diversified Industries, will lease back a small portion of the building for its St. Paul operations. The acquisition price was not disclosed.

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IndustrialMidwest

ADVANCE AUTOR PARTS TAKES 45,852 SQUARE FEET IN DISTRIBUTION CENTER

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FRANKLIN PARK, ILL. — Advance Auto Parts Inc. has leased 45,852 square feet within the Franklin Park Distribution Center, which is located at 11222 Melrose Ave. in Franklin Park. David Bercu, Thomas Rodeno and Jonathan Kohn in the industrial services group of Colliers Bennett & Kahnweiler represented the landlord, Washington Properties, in negotiations. The 73,160-square-foot warehouse facility features 30-foot clear ceiling heights, an ESFR Sprinkler System and 17 exterior docks. Advance Auto Parts will use its new space as an auto parts distribution center. The company is expected to fully occupy the facility at beginning of the year. Dan McGillicuddy of Jones Lang LaSalle represented the tenant in negotiations. Additional terms of the lease were not disclosed.

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IndustrialNortheast

HIGH ASSOCIATES LEASES 147,235-SQUARE-FOOT FLEX BUILDING

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LANCASTER, PA. — High Associates, Ltd., an affiliate of Lancaster-based High Real Estate Group, has completed a lease for a 147,235-square-foot industrial flex facility located in Lancaster. The nearly completed facility is located on William Penn Way within the 600-acre Greenfield Corporate Center master-planned business park. It features modern high-bay warehouse space, as well as potential office space. It contains 28- to 33-foot clear ceiling heights, 20 docks and two on-grade doors. The building was leased by children’s toys and products distributor Chicco USA, which is relocating its corporate headquarters to the facility in February. Ruth Devenney of High Associates negotiated the transaction.

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