PLAINFIELD, IND. — Rosemont, Ill.-based McShane Corp. has completed a 248,336-square-foot industrial building at MetroAir Business Park, located adjacent to Indianapolis International Airport in Plainfield. Situated on 13.32 acres at the intersection of Stafford Road and Ronald Reagan Parkway, Building Three is able to accommodate single or multiple users. It features a precast panel exterior, 28-foot clear ceiling heights, 30 exterior docks, six drive-in doors, 50-foot by 50-foot bay spacing, a 140-foot truck court and is divisible from 25,000 square feet. McShane provided construction services for the project, with JRA Architecture providing design services. Patrick Lindley of Colliers Turley Martin Tucker is acting as exclusive leasing agent for the property. Building Three represents the second phase of development of MetroAir Business Park, a 56-acre, master-planned business park that is being developed by Horn Properties and McShane.
Industrial
ALEXANDRIA, MINN. — Boston-based STAG Capital Partners has acquired a 172,170-square-foot industrial facility located at 4750 County Road 13 NE in a sale/leaseback transaction. The property contains manufacturing, warehousing and office space, and is currently leased to Brenton Engineering, a division of Pro Mach. Brad Sweeney and Josh Plosker of STAG, along with Tom Wagener of Wagener Commercial Realty, represented STAG in the transaction. Pollina Corporate Real Estate represented Pro Mach. The acquisition price was not disclosed.
WACO, TEXAS — Tractor Supply Co. has broken ground on the $10.2 million expansion of its distribution center located at 2801 Corporation Pkwy. on Interstate 35 in Waco. The project will increase the size of the facility, which was built in 2003, from 305,000 square feet to a 654,221-square-foot space. The center currently services 135 stores in Texas, Oklahoma and Arkansas, and will soon increase to include stores in Louisiana, Mississippi and New Mexico. The distribution center for the company, which operates more than 750 stores in 43 states, has been located in Waco for 10 years.
FONTANA, CALIF. — Ryko Products has completed the $10 million sale-leaseback of its 139,630-square-foot industrial property, which is located at 12903 Jurupa Ave. in Fontana. Ryko Products, a custom profile plastic extruders, currently occupies the building, which serves as the company’s headquarters, manufacturing and distribution hub. Clyde Stauff and Stephen Calhoun of Colliers International’s Commerce, Calif., and Michael McCrary of Colliers’ Ontario, Calif., office represented the seller and the buyer, a private investor, in the transaction.
CORONA, CALIF. — Enclosed Tow LLC has purchased a 50,909-square-foot industrial building located at 1771 Delilah St. in Corona. BA & CR Investments Inc. sold the property for $5.6 million. The seller is currently building a 125,000-square-foot manufacturing facility, and will lease back the Delilah Street property until the new building is complete. Chris Hauso of NAI Capital’s Ontario, Calif., office represented the seller; Scott Seal of Lee & Associates represented the buyer in the transaction.
CHICAGO — Cushman & Wakefield has brokered the sale of a 660,000-square-foot industrial portfolio of Chicagoland properties for $46 million. The portfolio consists of 10 properties: four are located in Bensenville, three are located in Buffalo Grove, two are located in Wood Dale, and on is located in Elmhurst. The portfolio is 92 percent leased. Ken Szady, Jim Carpenter and Joe Voet of Cushman & Wakefield’s Chicago office marketed and disposed of the property on behalf of the undisclosed seller. The portfolio was acquired by TA Realty Associates.
CHICAGO — Cook Financial has acquired the former RC Cola Bottling Plant, located at 2801 W. 47th St. and California Avenue in the Brighton Park neighborhood of Chicago, for redevelopment. The property comprises three buildings totaling 364,000 square feet and is situated on 13.6 acres. The main building, which totals 327,000 square feet, will be redeveloped for industrial users ranging from 25,000 to 150,000 square feet. The two smaller buildings, which total 20,000 and 17,000 square feet, will accommodate a variety of uses. The vacant land and outlot parcels on the property will be developed as potential build-to-suits or mixed-use space. The acquisition price, as well as the seller, was undisclosed.
INDIANAPOLIS — Indianapolis-based NAI Olympia Partners has arranged the sale of a 178,820-square-foot distribution center located at 4333 W. 71st St. in Indianapolis. Chris Ayers of NAI represented the seller, China Lodge; the property was acquired by Century Properties XV LP for an undisclosed amount.
CORONA, CALIF. — Master Development Corp. (MDC) has begun construction for the development of West Corona Commerce Center, a 321,700-square-foot, state-of-the-art manufacturing/distribution/corporate headquarters building located at 1350 Railroad St. in Corona. In March 2007, MDC acquired the property, which had an existing 100,000-square-foot industrial building situated on 15 acres. The company demolished the existing building. Completion of the new development is slated for first quarter 2009. Walter Frome and Bill Livesay of Voit Commercial Brokerage’s Irvine, Calif., office brokered the sale of the site.
REDLANDS, CALIF. — Atlanta-based Oakmont Industrial Group is developing Alabama Street Logistics Center, an industrial warehousing facility located at 9090 N. Alabama St. in Redlands. Designed by RGA Office of Architectural Design, the center is being built to achieve LEED certification. Additionally, the 225,078-square-foot facility will feature an ESFR fire suppression system, on-site parking for 45 trailers, a full concrete truck court, 32-foot minimum clear ceiling heights, 36 dock-high positions and on-site parking for 124 cars. Whittier, Calif.-based Oltmans Construction Co. is serving as general contractor for the project, which is slated for completion in September.