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Industrial

IndustrialTexas

HINES ACQUIRES 643,429-SQUARE-FOOT WAREHOUSE PORTFOLIO

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DALLAS — The Dallas office of Hines has purchased two warehouse buildings, located at 4050 and 4055 Corporate Dr. in the Dallas/Fort Worth Airport East submarket, on behalf of Hines REIT. The properties comprise 4050 Corporate Dr., which contains 441,068 square feet of industrial space, and 4055 Corporate Dr., which contains 202,361 square feet. Also included is an 831-vehicle surface parking lot. The properties are fully occupied by a tenant roster that includes Kay Chemical, FleetPride Corp., Verizon Communications and John H. Harland/Harland Clarke. Both properties are located within the 180-acre DFW Trade Center office and distribution park. Hines acquired the properties from Dividend Capital Trust for an undisclosed amount.

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IndustrialTexas

SEEFRIEND, AMB COMPLETE 400,000-SQUARE-FOOT INDUSTRIAL BUILDING

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DFW AIRPORT, TEXAS — A partnership between Seefried Industrial Properties and AMB Property Corp. has completed a 400,000-square-foot building, located at 1901 W. Airport Dr. on the grounds of Dallas/Fort Worth International Airport, for CEVA Logistics. The facility, which is situated on 21 acres, includes a two-story, 35,000-square-foot office area, as well as tri-dock warehouse space. CEVA Logistics will use the new facility to consolidate its existing area operations.

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IndustrialWestern

REXFORD INDUSTRIAL ACQUIRES 57,9000-SQUARE-FOOT INDUSTRIAL BUILDING

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GLENDALE, CALIF. — Rexford Industrial LLC has acquired a 57,900-square-foot industrial building, which is located at 700 Allen Ave. in Glendale. Valued at $6.15 million, the transaction comprises the property situated on 1.35 acres and a 36-car parking lot. Grant Products, a manufacturer of steering wheels and automotive accessories, has occupied the entire building since the mid-1970s. Peter Castleton of Voit Commercial Brokerage represented Rexford and the seller, Peterson Family Trust, in the transaction.

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IndustrialNortheast

ONYX SELLS 84,471-SQUARE-FOOT INDUSTRIAL FACILITY

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PHILADELPHIA — Woodbridge, N.J.-based Onyx Equities has sold an 84,471-square-foot warehouse and distribution facility located at 3501 Island Ave. in Philadelphia. The property, which was formerly occupied by BOC Gases, features 19,000 square feet of office space, 24-foot clear ceiling heights, 10 tailgates, one drive-in door and expansion capability. Onyx was represented by Daniel Loughlin, Brian Knowles, Harry Thomes and Jon Compitello of The Staubach Company. The property was acquired by a Philadelphia-based real estate company for an undisclosed amount.

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IndustrialTexas

WOLFF COS. COMPLETES FOUR BUILD-TO-SUIT TRANSACTIONS AT INTERWOOD

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HOUSTON — Houston-based Wolff Cos. has completed four build-to-suit transactions within Interwood, the developer’s 440-acre, master-planned business park located at the intersection of Beltway 8 and John F. Kennedy Boulevard in Houston. Schultz USA purchased 16 acres of land located on Interwood North Parkway for the construction of a 56,880-square-foot industrial building. The new facility, which is scheduled to break ground this fall, will serve as the company’s new North American headquarters and distribution center. Bob Berry and Jeff Venghaus of The Staubach Company represented Shultz. CCIB, an affiliate of Austin-based Capital Commercial Investments, purchased a 12.5-acre site located between FM 525 and Interwood South Parkway for future light industrial development. Mark Nicholas and Richard Quarles of Staubach represented the buyer. Marc Drumright of Southwest Realty Advisors represented the seller, Essex Capital. Additionally, Scomi Oiltools purchased 6.3 acres located at the northeast corner of Interwood South Parkway and Heathrow Forest Parkway. Lucian Bukowski and Ryan Fuselier of Staubach represented the buyer. Development plans were not disclosed. Finally, Austin-based Live Oak-Gottesman acquired a site located at the southwest corner of Interwood South and Heathrow Forest parkways for the construction of a 35,000-square-foot facility for the U.S. Customs and Border Control Protection …

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IndustrialWestern

PROLOGIS TO DEVELOP 1.2 MILLION-SQUARE-FOOT INDUSTRIAL PARK

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DENVER — Denver-based ProLogis is developing Stapleton Business Center North, a master-planned industrial park located at the intersection of 56th Avenue and Havana Street in Denver. The first phase of development will include a 345,000-square-foot distribution facility, which is scheduled to begin construction later this year. At full build-out the park will comprise five buildings totaling approximately 1.2 million square feet of distribution space. Additionally, the project will be built according to United States Green Building Council guidelines for LEED Certification.

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IndustrialWestern

106,000-SQUARE-FOOT INVESTMENT PROPERTY SELLS FOR $16.85 MILLION

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LITTLETON, COLO. — Mountain View LLC has purchased a 106,000-square-foot industrial building, which is located at 6415-6455 Business Center Dr. in Littleton, as part of a 1031 exchange. The single-tenant net leased property sold for $16.85 million or approximately $159 per square foot. The current tenant, Verizon Communications Inc., recently negotiated a lease extension that included extensive tenant improvements on the 13-year old building. Alec Rhodes and R.C. Myles of Fuller Real Estate represented the seller, Baylor and Solution Properties, in the transaction.

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IndustrialMidwest

OP2MIZE BROKERS $23 MILLION LEASE

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NORTHBROOK, ILL. — Op2mize has brokered the largest industrial deal in the city of Chicago since 2005. Assemblers, a privately held firm headquartered in Chicago, has leased approximately 452,000 square feet of space — 70 percent of the total building area — at 2850 West Columbus Ave. The $23 million lease encompasses existing warehouse and assembly space with 30-foot ceilings, and runs through 2020. Trevor Ragsdale of The Staubach Company represented the landlord, Gateway Park LLC.

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IndustrialMidwest

MARCUS & MILLICHAP COMPLETES $18.85 MILLION SALE OF SELF-STORAGE PORTFOLIO

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COLUMBUS, OHIO — Michael Mele, Adam Schlosser and Brett Hatcher of Encino, Calif.-based Marcus & Millichap have brokered the $18.85 million sale of the Storage Inns of America portfolio on behalf of a Dayton, Ohio-based private investor. The seven-property self-storage portfolio totals 418,020 square feet in size. All of the single-level facilities are located on, or exposed to major thoroughfares with ample store frontage, and include interior climate control, exterior lighting and perimeter fencing with computerized-gate access. Sean Delaney and Jesse Luke of Marcus & Millichap’s Oak Brook, Ohio, office represented the buyer, a Mishawaka, Ind.-based investment group.

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