REBusinessOnline

ViaWest Group Acquires 25.9-Acre Land Parcel in Arizona for Industrial Development

GOODYEAR, ARIZ. — ViaWest Group has purchased a 25.9-acre land parcel at the southwest corner of Elwood Street and Sarival Avenue in Goodyear. Santa Ana, Calif.-based RADOS Properties-Arizona sold the parcel for $4.5 million. ViaWest's joint venture partner is a Philadelphia-based investment company. The joint venture plans to develop three industrial buildings totaling 410,000 square feet on the property, which is zoned for industrial. Upon completion in early 2021, the project will …

Arizona, Development, Industrial, Western

Pizzuti to Construct 253,000 SF Industrial Build-to-Suit for StarTech.com in Groveport, Ohio

GROVEPORT, OHIO — The Pizzuti Cos. will construct a 253,000-square-foot industrial build-to-suit for StarTech.com in Groveport, southeast of Columbus. The Class A distribution facility will be located on 40 acres at 4450 Hamilton Road. StarTech.com is a Canada-based global manufacturer of IT connectivity parts. The project marks the company’s third expansion in the Columbus market since leasing 48,000 square feet at Pizzuti’s CreekSide Industrial Center in 2011. CBRE’s Michael Mullady, …

Development, Industrial, Midwest, Ohio

Keyence Corp. Signs 80,849 SF Industrial Lease in Itasca, Illinois

ITASCA, ILL. — Keyence Corp. has signed an industrial lease for 80,849 square feet at Building II in Bridge Point Itasca, a three-building industrial campus currently under development in Itasca. Keyence, a manufacturer of automation sensors, barcode readers, measuring instruments and digital microscopes, is the first tenant to sign a lease at the 741,621-square-foot project. Bridge Development Partners is the landlord. Keyence is slated to take occupancy in the third quarter of 2020. …

Illinois, Industrial, Leasing Activity, Midwest

McCarthy Nears Completion of $40M Helicopter Training Facility in Grand Prairie

GRAND PRAIRIE, TEXAS — McCarthy Building Cos. is nearing completion of a $40 million helicopter training facility for Airbus Helicopters Inc. and France-based Helisim in Grand Prairie, located in the central part of the Dallas-Fort Worth (DFW) metroplex. The 18,000-square-foot facility will house two helicopter flight simulators, a 6,000-square-foot office space and a 12,000 square-foot simulator hall with a tech room, as well as computer rooms and workshop and meeting spaces. BOKA Powell …

Development, Industrial, Texas

Benjamin Moore Opens 238,000 SF Distribution Center in Metro Dallas

LEWISVILLE, TEXAS — Paint manufacturer and retailer Benjamin Moore has opened its 238,00-square-foot distribution center at 121 Lakepointe Crossing in the northern Dallas suburb of Lewisville. The company is relocating its local distribution operations from a 70,000-square-foot facility in Mesquite, a property that will continue to serve as a manufacturing plant. The company moved into its new space earlier this month. Mark Collins, Dean Collins and Bill Brown of Cushman & Wakefield …

Industrial, Leasing Activity, Texas

Dalfen, Investcorp Acquire 1.9 MSF Industrial Portfolio in North Carolina

CHARLOTTE, N.C. — Dalfen Industrial and Investcorp have partnered to acquire the North Carolina Industrial Portfolio, a 10-property, 1.9 million-square-foot industrial portfolio spanning from Charlotte to Greensboro. The buildings were built between 2000 and 2013. Major tenants of the portfolio include Crate & Barrel, Lenovo Group Ltd., United Technologies Corp., Britax, Geodis and Henkel AG & Co. Further details of the transaction were not

Acquisitions, Industrial, North Carolina, Southeast

Stockbridge Acquires 8.7 MSF Industrial Portfolio Across Seven States

SAN FRANCISCO — Stockbridge Real Estate, a California-based investment firm with additional offices in Chicago and Atlanta, has acquired a portfolio of 17 industrial properties totaling 8.7 million square feet in seven states. Stockbridge purchased the portfolio from Hillwood, an industrial development and investment firm based in Fort Worth, Texas, according to IPE Real Assets, which tracks institutional property investments across the world. The analytics firm also reported that the …

Acquisitions, Industrial, Top Stories

RCM-SIOR Investor Sentiment Survey Shows U.S. Industrial Outlook Remains Positive for 2020

CARLSBAD, CALIF. — U.S. industrial investment is expected to continue at a steady pace into 2020, although headwinds created by tariffs and a slowing economy are beginning to strengthen, according to the third annual Industrial Investor Sentiment Report from Real Capital Markets (RCM) and the Society of Industrial and Office Realtors (SIOR). Investors are shifting strategies, however, to find safe havens against any market slowdown. Some investors are adjusting their portfolios toward …

Features, Industrial

JLL Brokers Sale of 152,000 SF Bunzl Distribution Center in Buffalo

BUFFALO, N.Y. — JLL has brokered the $8.3 million sale of Bunzl Distribution Center, a 152,000-square-foot industrial property in Buffalo. The facility features 25-foot clear heights, 27 front-loading dock doors and office space. At the time of sale, the property was 100 percent leased to packaged food distributor Bunzl Midatlantic LLC. Jose Cruz and Tyler Peck of JLL represented the seller, Foxfield Industrial, in the transaction. Michael Pagniucci of JLL secured a long-term, fixed-rate …

Acquisitions, Industrial, New York, Northeast

Dixxon Flannel Acquires 48,000 SF Warehouse Facility in Tempe, Arizona

TEMPE, ARIZ. — Dixxon Flannel Co. has purchased a 48,000-square-foot industrial and retail warehouse located at 7200 S. Priest Drive in Tempe. A furniture store sold the asset for $4.5 million. Situated on 2.6 acres, the two-story property features a 13,000-square-foot showroom and office space. The first floor includes four office spaces, a showroom, kitchen, shower and two bathrooms, while the second floor features six office spaces, a storage area and conference room. Additionally, the …

Acquisitions, Arizona, Industrial, Western
Content Partners Alliant Credit Union
Lee & Associates
RED Capital Group

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