Industrial

Toyota to Invest $8B in North Carolina Battery Manufacturing Facility

by John Nelson November 3, 2023

LIBERTY, N.C. — Toyota has announced plans to invest an additional $8 billion in Toyota Battery Manufacturing, North Carolina (TBMNC), an advanced manufacturing campus currently underway in Liberty, roughly 23 miles outside Greensboro. Toyota’s investment in the facility, which is expected to create more than 5,000 jobs, now totals roughly $13.9 billion. Scheduled to begin production in 2025, the facility will develop and produce batteries for use in electric vehicles. The new investment will allow for the addition of eight battery production lines, bringing the total to 10. The project, which was initially announced in 2021, will total 7 million square feet.

November 3, 2023

The-Great-290-Distribution-Center-Houston

Development Industrial Leasing Activity Texas

Daikin Comfort Technologies Leases 500,840 SF of Industrial Space in Northwest Houston

by Taylor Williams November 3, 2023

HOUSTON — HVAC systems provider Daikin Comfort Technologies has leased 500,840 square feet of industrial space at The Great 290 Distribution Center, a newly built facility located near the intersection of The Grand Parkway and I-290 in northwest Houston. Designed by Powers Brown Architecture, The Great 290 Distribution Center occupies 41 acres within a 64-acre site, allowing tenants additional space for outdoor trailer parking or materials storage. Nathan Wynne and Jason Dillee of CBRE represented the landlord, locally based developer Pagewood, in the lease negotiations. Seth Koschak, Tyler Maner and Heath Donica of Stream Realty Partners represented the tenant, which will occupy the entirety of the building.

November 3, 2023

Development Industrial Oregon Western

Scannell Properties Breaks Ground on 479,000 SF Distribution Facility in Salem, Oregon

by Amy Works November 3, 2023

SALEM, ORE. — Scannell Properties has broken ground on a 479,000-square-foot distribution and manufacturing facility. Gensco Inc. will occupy the project at Scannell Logistics Park in Salem, approximately 50 miles south of Portland. The building is the second built-to-suit project at the logistics park. Designed by Mackenzie, the building will be a single-story, 399,000-square-foot facility, including 306,000 square feet of storage and distribution space, 93,000 square feet of manufacturing space and 6,400-square-foot office blocks on the north and south ends. Additionally, the property will feature a 68,000-square-foot storage mezzanine for a total floor area of 479,000 square feet. Perlo Construction will build the property, which is slated for completion in spring 2025.

November 3, 2023

Industrial Leasing Activity Lee & Associates Texas

Florida Tile Signs 14,903 SF Industrial Lease in Northwest Dallas

by Taylor Williams November 3, 2023

DALLAS — Florida Tile has signed a 14,903-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the property at 9755 Clifford Drive was built on 8.2 acres in 2001 and totals 114,320 square feet. Adam Graham and Stephen Williamson of Lee & Associates represented the landlord, Prologis, in the lease negotiations. The tenant representative was not disclosed.

November 3, 2023

Acquisitions Colorado Industrial Western

Berkeley Partners Sells Two Industrial Parks in Longmont, Colorado for $16.7M

by Amy Works November 3, 2023

LONGMONT, COLO. — Berkeley Partners has completed the disposition of two industrial parks totaling 98,600 square feet in Longmont, approximately midway between Denver and Fort Collins. Denver-based CentrePoint Properties acquired the assets for $16.7 million. Jeremy Ballenger, Tyler Carner, Jessica Ostermick and Jim Bolt of CBRE represented the seller in the deal. The industrial parks include four buildings located at 1501-1551 S. Sunset St. and 2120-2150 Miller Drive. The assets offer small-bay industrial space, catering to tenants that need between 3,500 square feet and 27,000 square feet. At the time of sale, the parks were 93 percent leased to nine tenants.

November 3, 2023

Acquisitions Industrial New Jersey Northeast

Urban Edge Properties Sells Northern New Jersey Light Industrial Portfolio for $217.5M

by Taylor Williams November 3, 2023

EAST HANOVER, N.J. — Urban Edge Properties (NYSE: UE) has sold a portfolio of seven light industrial buildings totaling 1.2 million square feet in the Northern New Jersey community of East Hanover. The portfolio was fully leased to a roster of 13 tenants at the time of sale, and the buildings feature an average clear height of 21 feet. Jose Cruz, Marc Duval, Jordan Avanzato, Nick Stefans, Jason Lundy and Austin Pierce of JLL represented Urban Edge Properties in the transaction. The buyer was a partnership between an investment fund managed by Morgan Stanley and New Jersey-based owner-operator Saxum Real Estate.

November 3, 2023

Development Illinois Industrial Midwest

PREMIER Design + Build Group to Construct 112,000 SF Headquarters for Heathrow Scientific in Suburban Chicago

by Kristin Harlow November 3, 2023

VERNON HILLS, ILL. — PREMIER Design + Build Group will soon break ground on a new headquarters for Heathrow Scientific, a global manufacturer of laboratory supplies and instruments designed to support scientific research, analysis and experimentation. The new facility will be located at 440 N. Fairway Drive in the Chicago suburb of Vernon Hills and will house the company’s manufacturing, laboratory and office operations. Construction of the two-story, 112,000-square-foot building will commence once demolition of an existing structure on the site is complete. The project will feature a large laboratory, employee fitness center, outdoor dining area, 12 dock positions, two drive-in doors and parking for 63 vehicles. Completion is slated for August 2024. PREMIER is actively exploring green building initiatives, including a solar array and hybrid rooftop units that use electricity instead of natural gas. The project team includes Cornerstone Architects Ltd. and SPACECO Inc. as civil engineer. Brett Kroner of Cushman & Wakefield brokered the sale of the site.

November 3, 2023

Illinois Industrial Leasing Activity Midwest

Cherokee Manufacturing Leases 50,000 SF Industrial Building in Wauconda, Illinois

by Kristin Harlow November 3, 2023

WAUCONDA, ILL. — Cherokee Manufacturing has leased a 50,000-square-foot industrial building located at 1225 Karl Court in Wauconda, a far north suburb of Chicago. The property features a clear height of 30 feet, six exterior docks and one drive-in doors. Brian Bocci of Entre Commercial Realty represented the undisclosed landlord, while Joe Karmin of Transwestern represented the tenant.

November 3, 2023

Arizona Development Industrial Top Stories Western

Creation, Clarion Partners Acquire 100 Acres in Phoenix for $250M Park Algodon Industrial Campus

by Jeff Shaw November 3, 2023

PHOENIX — A joint venture between locally based developer Creation and New York City-based investment firm Clarion Partners has acquired nearly 100 acres in Phoenix. Located on the northwest corner of the Loop 101 and Indian School Road, the site will be used to develop a $250 million industrial project known as Park Algodon. Park Algodon is a speculative industrial development that totals approximately 1.3 million square feet across 86 acres. The project will be built in two phases, with construction on the first phase slated to begin by the end of the year. The first phase comprises four buildings totaling 670,000 square feet. The second phase will include one 556,000-square-foot building. LGE Design Build is leading the construction, which is scheduled for completion in late 2025. Creation and Clarion Partners acquired the land from the John F. Long family in an off-market transaction. Greg Vogel and Max Xander of Land Advisors represented both parties in the deal. “This acquisition marks our first joint venture with Clarion Partners. We’re honored to work alongside them on this significant project, addressing a key gap in the West Phoenix industrial market,” says Grant Kingdon, principal of Creation’s Mountain West region. “Park Algodon serves as a catalyst to attract new …

November 3, 2023

Development Industrial Texas

Clay Development Nears Completion of 103,100 SF Industrial Project in Northwest Houston

by Taylor Williams November 2, 2023

HOUSTON — Clay Development is nearing completion of High Life Distribution Center, a 103,100-square-foot industrial project in northwest Houston. The facility sits on an 8.1-acre site at 15930 Tomball Parkway and is part of the 21-acre High Life Business Park, which Clay Development originally began working on in 2010. Building features include 32-foot clear heights, 27 dock doors, two drive-in doors, 2,600 square feet of office space and 61 car parking spots. The building is expected to be ready for occupancy by the end of the year.

November 2, 2023

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