AUGUSTA, GA. — Graphic Packaging Holding Co., a publicly traded consumer packaging manufacturer based in Atlanta, has signed a definitive agreement to sell its bleached paperboard manufacturing plant in Augusta. The buyer is Clearwater Paper Corp., a publicly traded supplier of private-brand tissue products and paperboard materials based in Spokane, Wash. The transaction is valued at $700 million and is expected to close in the second quarter, pending regulatory approval. Details about the facility were not disclosed, but Graphic Packaging’s website indicates that the mill is located at 4278 Mike Padgett Highway. According to The Augusta Chronicle, Graphic Packaging purchased the plant from International Paper in 2018 before investing $350 million in capital improvements at the facility. The newspaper also reports the facility was built in 1960 by Continental Can Co. Graphic Packaging’s consultants in the transaction include financial advisor BofA Securities and legal counsel Alston & Bird LLP. Clearwater Paper’s advisors include TD Securities (financial); Pillsbury, Winthrop, Shaw, Pittman LLP (legal); and Stoel, Rives LLP (environmental).
BESSEMER, ALA. — Graham & Co. has sold a Class A warehouse located at 4251 Turin Drive in Bessemer, about 15 miles southwest of Birmingham via I-20. The Birmingham-based developer broke ground on the 187,200-square-foot facility in 2021 and completed construction in June 2022. Barber Cos. purchased the facility from Graham & Co. for $17 million. Situated along the Lakeshore Parkway corridor, the rear-load warehouse features 32-foot clear heights and 31 dock-high doors. The property is best-suited for one or two tenants and offers proximity to nearby industrial distributors including FedEx, Dollar General, Amazon and Lowe’s Home Improvement. John Coleman and Matthew Graham represented Graham & Co. on an internal basis in the transaction, and Gifford Taylor and Merrimon Epps were Barber’s internal representatives.
HOUSTON — Locally based development and investment firm Levcor has acquired a 67,000-square-foot industrial building in West Houston. The single-story building at 67 Portwest Drive was originally constructed on four acres in 1987. Kevin Holland and Britton Holland of Edge Capital Markets represented the seller, Intertek, in the transaction. Sasha Levine represented Levcor on an internal basis.
CORPUS CHRISTI, TEXAS — Locally based brokerage firm Cravey Real Estate Services has arranged the sale of a 9,508-square-foot industrial facility in Corpus Christi. The building at 1330 Spindletop Road was built on a four-acre site within Wildcat Industrial Park in 2020 and offers 2,488 square feet of office space and 2.7 acres for outdoor storage. Scott Fauver of Cravey represented the seller, Humpal Real Estate, in the transaction. Rob Stillwell of Newmark represented the buyer, Enterprise Products Partners.
WEST CHESTER, OHIO — JLL Capital Markets has brokered the sale of a five-building industrial portfolio totaling 278,000 square feet in West Chester near Cincinnati. The sales price was undisclosed. The portfolio is 97.1 percent leased to 33 tenants. Each of the buildings is located on Windisch Road with immediate access to I-75. John Huguenard, Sean Devaney and Ross Bratcher of JLL represented the seller and procured the buyer, both of which requested anonymity. JLL’s Mark Volkman provided leasing expertise, while Ken Martin and Brian Walsh of JLL provided financing support.
YORKVILLE, ILL. — Slone Commercial LLC has negotiated the sales of three parcels of land totaling 329.6 acres in Yorkville, a far west suburb of Chicago. The transactions, totaling more than $10.1 million, included some of the last large parcels of land available for industrial development in the I-55 submarket. In the largest transaction, Joyce Slone of Slone Commercial represented NGH Farms LLC in its sale of 229 acres at Eldamain and Faxon roads to EPC Holdings 993 LLC. Cushman & Wakefield assisted Slone with the $6.4 million deal. Sam Durkin and Sean Reynolds of JLL represented the buyer. EPC Holdings also acquired 52 acres at Corneils and Eldamain roads form Five H LLC. Slone represented the seller in the $2 million transaction. Along with the Eldamain and Faxon parcel, this property will become part of the Lincoln Prairie industrial development, a 228-acre site that is BNSF-certified and will have direct access to the railway. Lastly, Slone represented Five H LLC in its sale of the 48.6-acre Lot 6 along Corneils Road to SOO Green for $1.7 million. SOO Green will install high-voltage direct current transmission cable underground along existing railroad corridors. This green form of energy will power users …
NORTH AURORA, ILL. — Core Industrial Realty has brokered the sale of a 174,000-square-foot, newly constructed industrial building in North Aurora for an undisclosed price. Nick Krejci and Noel Liston of Core represented the buyer, Perla USA, which will utilize the building for its U.S. headquarters for production and distribution of its antipasti product line. Developed by Transwestern and completed in 2022, the facility features a clear height of 36 feet, 20 exterior loading docks and two drive-in doors. The seller was undisclosed.
TAUNTON, MASS. — Boston-based investment firm Rhino Capital Advisors will develop a 180,000-square-foot manufacturing facility in Taunton, located south of Boston near the Massachusetts-Rhode Island border. The site spans 11.2 acres within Myles Standish Industrial Park, and the building will feature five loading docks and 270 parking spaces. CrowdStreet raised $11.5 million in funding for the project, construction of which is scheduled to begin in the first quarter and to last about a year.
ANNAPOLIS, MD. — Annapolis, Md.-based investment firm Realterm has acquired three industrial outdoor storage sites totaling 24.8 acres in the Northeast. The sites are located in the metro areas of Boston, Providence and Philadelphia and are all utilized as truck terminals, with a combined capacity to support 163 such vehicles. Realterm acquired the sites from logistics giant Yellow Corp. as part of its Chapter 11 bankruptcy proceedings. The sales price(s) was not disclosed.
PHOENIX — Cushman & Wakefield has brokered the $38 million sale of Koll Cotton Center, a light industrial property located at 4050 E. Cotton Center Blvd. in Phoenix. The property comprises 228,605 square feet across seven buildings on 17.8 acres. California-based G.W. Williams Co. acquired the development, which was 98 percent leased at the time of sale, from TerraCap Management. Kirk Kuller, Will Strong, Michael Matchett, Molly Hunt and Dean Wiley of Cushman & Wakefield arranged the sale in collaboration with Tracy Cartledge and Robert Buckley, also of Cushman & Wakefield. The seller orginally acquired the property in 2021 and implemented upgrades including new roofs and exterior improvements.