Tuesday, November 26, 2024
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Industrial

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ColoradoDevelopmentIndustrialWestern

Ware Malcomb Announces Completion of 272,500 SF Eagle Rock Distributing Facility in Monument, Colorado

by Amy Works

MONUMENT, COLO. — Ware Malcomb has announced the completion of a flagship facility for Eagle Rock Distributing Co. in Monument, approximately 20 miles north of Colorado Springs. Ware Malcomb provided integrated services, including civil engineering, architecture and interior design, and Murray & Stafford provided general contracting services for the 272,500-square-foot project. Eagle Rock specializes in the distribution of alcoholic beverages, offering its customers a selection of premium, craft and imported beers, wine, spirits, liquors and other related beverages. The distribution center consists of two buildings: a 262,500-square-foot distribution center and an adjacent 10,000-square-foot maintenance facility to service the company’s trucks. The distribution center includes 209,175 square feet of Controlled Environment Warehouse (CEW), a 12,480-square-foot key cooler, 30,125-square-foot two-story office space, loading docks and an event hosting area on each floor with an outdoor patio. The maintenance facility has a sand/oil interceptor and sanitary line connected. Additional improvements include solar panels covering most of the roofing, an asphalt parking lot, delivery truck loading ramps, concrete sidewalks, landscaping and all associated utilities.

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AcquisitionsArizonaIndustrialWestern

Stos Partners Acquires Two Industrial Buildings in Phoenix Totaling 94,836 SF

by Amy Works

PHOENIX — Stos Partners has purchased 236 and 240 North 48th Avenue in Phoenix from an owner-user for an undisclosed price. Situated on 5.3 acres, the property includes two freestanding industrial buildings totaling 94,836 square feet. Constructed in 1978, the 83,200-square-foot warehouse at 240 N. 48th Ave. features 3,450 square feet of office space, 24-foot clear heights, 19 dock-high doors, two grade-level loading doors, 7,000 amps, 45 parking spaces and direct access to Union Pacific Railroad with 10 rail spots. Built in 1979, the 11,636-square-foot building at 236 N. 48th Ave. offers 4,200 square feet of office space, one dock-high door, two grade-level loading doors and 14 auto parking spaces. Stos Partners plans to commence capital improvements to enhance the two buildings’ functionality and appeal, including exterior paint, parking lot and loading areas repairs, dock and ground-level doors repairs and roof and electrical system repairs. Phil Haenel, Gary Anderson and Foster Bundy of Cushman & Wakefield facilitated the transaction. Gary Anderson and Nik Vallens of Cushman & Wakefield are handling leasing for the buildings on behalf of Stos Partners.

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DevelopmentIndustrialMarylandSoutheast

Baldor Specialty Foods Opens 100,000 SF Warehouse in Lanham, Maryland

by John Nelson

LANHAM, MD. — Baldor Specialty Foods has opened a new 100,000-square-foot warehouse in Lanham, a Maryland suburb of Washington, D.C. The new facility is situated within Hargrove Industrial Campus and features 35 dock doors and refrigeration and frozen storage capabilities. Baldor currently has a staff of 140 employees at the facility, with plans to hire more drivers and warehouse staff. The Lanham facility serves as the fourth hub for the food distributor, joining Baldor’s headquarters in The Bronx and regional hubs in Boston and Philadelphia. The Lanham facility houses more than 7,000 premium and specialty produce, meat, fish, dairy and grocery items.

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AcquisitionsFloridaIndustrialSoutheast

SRS Brokers $15.8M Sale of Industrial Building in Sanford, Florida

by John Nelson

SANFORD, FLA. — SRS Real Estate Partners has brokered the $15.8 million sale of a 109,610-square-foot industrial building located at 2963 Stonewall Place in Sanford, roughly 28 miles north of Orlando. The buyer, Harvest Valley, a leading foodservice distributor specializing in Asian cuisine, plans to convert the property to a cold storage facility to serve its Central Florida clients. Wayne Schuchts, Michael Palmer and Andrew Lehrer of SRS’ industrial team represented Harvest Valley in the sale. The seller was not disclosed. The property was built in 2018 and sits on nine acres.

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AlabamaIndustrialLeasing ActivitySoutheast

Cushman & Wakefield/EGS Arranges 51,750 SF Industrial Lease in Birmingham

by John Nelson

BIRMINGHAM, ALA. — Cushman & Wakefield / EGS Commercial Real Estate has arranged a 51,750-square-foot industrial lease at CenterState Logistics Park One, a newly constructed, 225,000-square-foot warehouse and distribution building located at 225 Daniel Payne Drive in north Birmingham. The tenant is Atlanta-based Conklin Metal Industries, a distributor of sheet metal, HVAC and duct fabrication supplies. The company is expanding its Birmingham footprint to accommodate growth within its manufacturing and distribution operations and is the first tenant to sign on at CenterState Logistics Park One. Mark Byers and Brad Moffatt of Cushman & Wakefield / EGS represented the landlord, an entity doing business as CenterState Logistics Park One LLC, in the lease negotiations. Jack Brown of Graham & Co. represented the tenant.

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DevelopmentIndustrialTexas

CLX Ventures Completes 651,010 SF Industrial Project in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Developer CLX Ventures has completed New Braunfels Commerce Center, a 651,010-square-foot speculative industrial project on the northeastern outskirts of San Antonio. Designed by Powers Brown Architecture and built by Arch-Con Construction Corp., New Braunfels Commerce Center consists of four buildings ranging in size from 129,949 to 204,876 square feet on a 46.7-acre site. All buildings feature 32-foot clear heights, rear-load configurations, move-in ready office spaces, drive-in and dock doors, extended truck courts and ESFR sprinkler systems. Stream Realty Partners is the leasing agent. Construction began in August 2023.

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AcquisitionsIndustrialTexas

Provident Industrial Sells New, 345,394 SF Building Within Gateway Logistics Park in El Paso

by Taylor Williams

EL PASO, TEXAS — Dallas-based Provident Industrial has sold the 345,394-square-foot Building III within Gateway Logistics Park in El Paso. Completed in August, the building features 36-foot clear heights, 59 dock doors, two ramp doors and a separately gated trailer staging area with 98 parking spaces, bringing the total trailer parking capacity to 173 stalls. The buyer was Philadelphia-based investment firm EQT Exeter, which also purchased Building I and II within Gateway Logistics Park earlier this year. Provident developed Building III in partnership with WestStar Bank and Singerman Real Estate. The sales price was not disclosed.

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DevelopmentIllinoisIndustrialMidwest

Principle Construction Completes 282,588 SF Tenant Improvement Project for Tailored Brands in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — Principle Construction has completed a 282,588-square-foot tenant improvement project for Tailored Brands at 2000 Deerpath Road in Aurora. The fashion retailer owns brands such as Men’s Wearhouse, Jos A. Bank and K&G Fashion Superstore. The new building will service Chicago, Cincinnati, Detroit and Minneapolis, each of which is currently serviced by other distribution centers in Houston, Pittston and Atlanta. Principle added a dedicated 13,491-square-foot boiler and dry-cleaning room with a specialized mezzanine for pipe support and a new 4,000-amp electrical service to accommodate the facility’s energy demands. Improvements also included 20 new rooftop air conditioning units, 14 interlocking exhaust fans, an ESFR sprinkler system and 29 new loading docks. Partners in Design was the architect.

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AcquisitionsCaliforniaIndustrialOfficeWestern

JLL Arranges Sale of 276,529 SF Lakeview Innovation Center Flex Campus in Thousand Oaks, California

by Amy Works

THOUSAND OAKS, CALIF. — JLL Capital Markets has arranged the all-cash sale of Lakeview Innovation Center, a flex campus on 22.1 acres in Thousand Oaks. An undisclosed seller sold the asset to a partnership between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management for an undisclosed price. Michael Leggett, Jeffrey Bramson, Andrew Harper and William Poulsen of JLL represented the seller in the transaction. Renovated in 2023, Lakeview Innovation Center offers 276,529 square feet of research-and-development (R&D) and office space. The campus includes an onsite Equinox fitness club, Earthbar, pickleball court, walking trails, a tenant lounge and multiple outdoor patio and collaborative spaces. The tenant roster includes Marvell Technologies and Rawlings, which benefit from the property’s infrastructure, including lab-grade HVAC, excess power capacity, ample clear heights, loading docks and backup generators. Additionally, the asset offers expansion opportunities with M2 zoning, supporting up to 123,000 square feet of additional density for life sciences, R&D or office uses. The new ownership team plans to upgrade the common areas, restrooms, signage and landscaping.

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Denton-Point
DevelopmentIndustrialTexas

JLL Arranges Construction Financing for 451,856 SF Industrial Project in Denton

by Taylor Williams

DENTON, TEXAS — JLL has arranged an undisclosed amount of construction financing for a three-building, 451,856-square-foot industrial project in the North Texas city of Denton. Denton Point III, IV and V will feature rear-load configurations, 28- to 32-foot clear heights, 114 total dock doors and bay depths ranging from 160 to 280 feet. Campbell Roche, Will Mogk, Tom Weber, Luke Rogers and Jordan Buck of JLL arranged the five-year loan through First United Bank on behalf of the borrower, Holt Lunsford Commercial Investments, which is developing the project in a joint venture with Dallas-based Silverado Interests. Completion is scheduled for the third quarter of 2025.

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