COPPELL, TEXAS — ProLogis, an owner, manager and developer of distribution facilities, has leased 61,000 square feet at Freeport Corporate Center in Coppell to Hussmann, a refrigeration and food merchandising equipment manufacturer. The facility, which totals 143,000 square feet overall, is located near the Dallas/Fort Worth International Airport and is now fully occupied. Gary Lindsey and Jim Caldwell of Grubb & Ellis represented the tenant in the transaction.
Industrial
TAHOE-RENO, NEV. — The McShane Corp. and MetLife Real Estate Investments’ industrial alliance is developing Eagle Valley Industrial Center, a 1.3 million-square-foot speculative industrial project located at 555 Milan Dr. in Tahoe-Reno. Designed by Ware Malcomb Northern California, the development features two 566,875-square-foot buildings, which are divisible to 125,000 square feet. The buildings feature typical bays, speed bays, dock-high doors and drive-in doors. The Irvine, Calif., office of McShane Corp. is providing design/build services for the project, which is slated for completion in June.
INDIANAPOLIS — NAI Olympia Partners has brokered the sale of a 434,501-square-foot industrial building located at 6003 Guion Rd. in Indianapolis. Chip Barnes and Mike Lubbers of NAI represented the seller, Frank Mason Realty. The property was acquired by Fastenal Co. for an undisclosed amount.
REDLANDS, CALIF. — The McShane Corp./MetLife Real Estate Investments industrial alliance has acquired an 84-acre land parcel, which is located within the Redlands Business Center in Redlands, from Long Beach, Calif.-based Bixby Land Co. for an undisclosed price. Located within the 227-acre master-planned business park, the center will be developed in two phases. The first phase will feature six industrial facilities totaling 612,000 square feet ranging in building size from 70,000 to 150,000 square feet. Slated to break ground third quarter, the first building will comprise 131,510 square feet of office/warehouse space and feature 30-foot clear heights, a two-story executive office component, up to 20 dock-high truck doors, two ground-level loading doors, a 180-foot secured truck court and 3,000 amp electrical capacity. McShane Construction Corp. and RKZ Inc. are providing design/build services for the development.
GOODYEAR, ARIZ. — El Segundo, Calif.-based AIC Investment Co. has acquired an industrial building located within Estrella Crossing Business Park, which is located at 15635 W. Illini St. in Goodyear, for $6.6 million. The 25,000-square-foot property was built for and is fully occupied by The Arizona Republic. Rob Stephens of Cushman & Wakefield of Arizona Inc. represented the buyer; Steve Fernandez of CB Richard Ellis represented the seller, Phoenix-based Star Crossing LLC, in the transaction.
O’FALLON, MO. — Chicago-based First Industrial Realty Trust has acquired a 115,200-square-foot industrial building located at 601 Cannonball Lane in the St. Louis suburb of O’Fallon. First Industrial plans to reposition the building, which comprises light industrial and distribution space. The property was acquired from Cenveo Corp., which was represented by Rob Pipkin and Eric Beichler of Mohr Partners, and Geoffrey Orf and Patrick Reilly of Gateway Commercial/Cushman & Wakefield. First Industrial was represented in-house by Michael Vallenari, John Wright and Scott McGregor. The acquisition price was not disclosed.
ELMHURST AND DES PLAINES, ILL. — Oak Brook, Ill.-based Krusinski Construction Co. has completed two freight-forwarding industrial facilities for International Airport Centers totaling more than $11 million. The first project is a 248,748-square-foot speculative facility situated on 23.79 acres at 1000 County Line Rd. in Elmhurst. The building features 54 exterior docks, two drive-in doors and parking for 242 cars. Julius Kwasek of Inverness, Ill.-based Kwasek Architects provided design services; James Estus of Colliers Bennett & Kahnweiler will act as leasing agent for the property. The second project is a 48,125-square-foot speculative warehouse located at 300 E. Touhy Ave. in Des Plaines. The facility features 24-foot clear ceiling heights, room for future office space, 27 docks, two drive-in doors and 66 parking spaces. Eric Johnson of Ware Malcomb served as project architect, and Ron Behm and Matthew Stauber of Colliers Bennett & Kahnweiler are the leasing agents.
GARLAND, TEXAS — First Industrial Realty Trust has completed construction of an industrial facility located at 3901 W. Miller Rd. in Garland. The 435,000-square-foot property is located at First Garland Business Park and is available for a single or multi-tenant lease. Terry Darrow and EdKepner of First Industrial Realty Trust were development managers for the project, and Bob Moore Construction provided building services.
SAN DIEGO — Construction is complete for Ocean View Hills Corporate Center, a 663,000-square-foot industrial complex located on Otay Mesa Road in San Diego. The center consists of six one-story, tilt-up concrete buildings ranging in size from 56,000 to 183,000 square feet. The buildings are divisible into units ranging from 7,900 to 50,700 square feet. Each rentable space offers dock- and grade-level loading, and eight units feature a mezzanine. Expeditors International has already leased 54,000 square feet of space at the complex. The complex was developed by Sudberry Development Inc. and an affiliate of Morgan Stanley Real Estate Advisor Inc., which purchased the property from Pardee Homes in June 2005. Smith Consulting Architects provided architectural services for the project.
SHEPHERDSVILLE, KY. — Indianapolis based-Lauth Property Group has broken ground on a speculative 936,000-square-foot bulk warehouse at Saltwater Business Park II in Shepherdsville. The Class A, master-planned park is located on Interstate 65, 16 miles south of the Louisville International Airport and UPS Worldport, the third largest air-cargo hub in the country. Commercial Kentucky, an alliance partner of Cushman & Wakefield, is representing Lauth on the leasing of the building. The project is scheduled for completion in the third quarter of 2008.