Industrial

Marcal-Paper-Factory-Elmwood-Park-New-Jersey

Crow Holdings Begins Vertical Construction on 206,826 SF Industrial Project in Northern New Jersey

by Taylor Williams May 31, 2023

ELMWOOD PARK, N.J. — Texas-based Crow Holdings has begun vertical construction on a 206,826-square-foot industrial project in Elmwood Park, located in Northern New Jersey’s Bergen County, that is a redevelopment of the former Marcal Paper factory site. Crow Holdings acquired the 11.8-acre site in 2022, three years after a fire destroyed the majority of the historic structure. The new building will house a clear height of 40 feet, 32 loading docks, two drive-in doors and parking for 56 trailers and 198 cars. Construction is slated for a third-quarter completion. JLL is marketing the facility for lease.

May 31, 2023

Connecticut Development Industrial Northeast

Condyne Capital to Develop 185,600 SF Industrial Facility in Windsor, Connecticut

by Taylor Williams May 31, 2023

WINDSOR, CONN. — Metro Boston-based developer Condyne Capital will build a 185,600-square-foot industrial facility in Windsor, a northern suburb of Hartford. The project, which will be situated on a 20.6-acre site, represents an expansion of Condyne’s Baker Hollow Logistics Center. Polar Design Build will handle construction of the building, which will feature a clear height of 32 feet, 36 dock doors, one drive-in door and 45 trailer parking spaces (expandable to 58). Construction is scheduled to begin late this year and be complete in the second quarter of 2024.

May 31, 2023

Industrial Leasing Activity Lee & Associates New Jersey Northeast

Easton Coach Signs 160,000 SF Industrial Lease in Union, New Jersey

by Taylor Williams May 31, 2023

UNION, N.J. — Easton Coach Co., a provider of ground transportation services, has signed a 160,000-square-foot industrial lease at in the Northern New Jersey community of Union. The property sits on 7.5 acres at 601 Lehigh Ave. and was constructed in 1966. Joseph Komitor and Scott Deutchman of Lee & Associates represented the tenant in the negotiations for the full-building lease. Jordan Metz and Eric Koons of Bussel Realty represented the landlord.

May 31, 2023

Acquisitions Illinois Industrial Midwest

Colliers Arranges Sale-Leaseback of 49,793 SF Industrial Service Facility in Elk Grove Village, Illinois

by Kristin Harlow May 31, 2023

ELK GROVE VILLAGE, ILL. — Colliers has arranged the sale-leaseback of a 49,793-square-foot industrial service facility in the Chicago suburb of Elk Grove Village. The sales price was undisclosed. Located at 700 Chase Ave., the property is home to RT Group Logistics. The trucking company signed a lease to remain at the property, which includes a truck maintenance facility with parking for 40 trailers. Patrick Turner, Tom Rodeno and Joe Connor of Colliers represented RT Group in the sale. The undisclosed buyer plans to make improvements to the property when the tenant’s lease expires in three years.

May 31, 2023

Acquisitions Industrial Midwest Ohio

Tempus Realty Partners Sells Ohio Industrial Building for $7.6M

by Kristin Harlow May 30, 2023

HILLIARD, OHIO — Tempus Realty Partners has sold a 114,485-square-foot industrial building in Hilliard, a northwest suburb of Columbus. An entity doing business as DP 149 LLC purchased the asset for $7.6 million. The property is fully leased to metal fabricator S&G Manufacturing and features seven dock doors, three overhead doors and clear heights ranging from 20 to 24 feet. Tempus, an Arkansas-based real estate investment partnership, acquired the building in December 2020 for $5.7 million.

May 30, 2023

Acquisitions Industrial Michigan Midwest

Friedman Brokers Sale of 123,596 SF Industrial Facility in Leslie, Michigan

by Kristin Harlow May 30, 2023

LESLIE, MICH. — Friedman Real Estate has brokered the sale of a 123,596-square-foot industrial facility in Leslie, about 24 miles south of Lansing. The sales price was undisclosed. The property sits on nearly 15 acres at 815 Rice St. Friedman’s Ryan Stipp represented the seller. Additional terms of the transaction were not provided.

May 30, 2023

Industrial Leasing Activity Texas

Stone Resources Signs 91,000 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams May 30, 2023

CARROLLTON, TEXAS — Building supplies distributor Stone Resources has signed a 91,000-square-foot, full-building industrial lease renewal in the northern Dallas metro of Carrollton. According to commercialcafé.com, the property at 2425 Carter Drive was built on 4.9 acres in 1986. Andrew Gilbert and Keaton Brice with Holt Lunsford Commercial represented the landlord, Taurus, in the lease negotiations.

May 30, 2023

Industrial Leasing Activity Texas

Partners Real Estate Arranges 10,985 SF Industrial Lease in Northeast Dallas

by Taylor Williams May 30, 2023

DALLAS — Partners Real Estate has arranged a 10,985-square-foot industrial lease in northeast Dallas. According to LoopNet Inc., the property at 10480-10490 Brockwood Road was built in 1984 and totals 58,758 square feet. Jeff McVaney of Partners represented the tenant, building materials wholesaler CP Supply Co., in the lease negotiations. Josh Barnes of Holt Lunsford Commercial represented the undisclosed landlord.

May 30, 2023

50-Robert-Milligan-Parkway-Merrimack-New-Hampshire

Bohler Development Industrial New Hampshire Northeast

Trammell Crow, Diamond Realty Break Ground on 323,750 SF Industrial Project in New Hampshire

by Taylor Williams May 30, 2023

MERRIMACK, N.H. — A partnership between Dallas-based Trammell Crow Co. and Diamond Realty Investments has broken ground on a 323,750-square-foot industrial project in Merrimack, located in southern New Hampshire. The site at 50 Robert Milligan Parkway spans 43 acres. Building features will include a clear height of 36 feet, 53 dock-high doors, an ESFR sprinkler system and 2,000 square feet of office space. Macgregor Associates designed the project, and RC Anderson and Bohler are serving as the general contractor and civil engineer, respectively. Santander Bank provided construction financing, and CBRE is the leasing agent. Completion is slated for the fourth quarter.

May 30, 2023

Industrial Leasing Activity New Jersey Northeast

Fashion Designer Marcus Adler Signs 24,550 SF Industrial Lease in Ramsey, New Jersey

by Taylor Williams May 30, 2023

RAMSEY, N.J. — Fashion design firm Marcus Adler has signed a 24,550-square-foot industrial lease in the Northern New Jersey community of Ramsey. According to LoopNet Inc., the single-tenant property at 91 Grant St. was built in 1980. Andrew Somple and Jessica Curry of NAI James E. Hanson represented the tenant in the lease negotiations. An entity doing business as RW Ramsey Realty Corp. owns the building.

May 30, 2023

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