Industrial

Cushman & Wakefield Brokers Sale of 175,239 SF Manufacturing Facility in Bessemer City, North Carolina

by John Nelson November 16, 2023

BESSEMER CITY, N.C. — Cushman & Wakefield has brokered the sale of a 175,239-square-foot manufacturing facility located at 201 Southridge Parkway in Bessemer City, a western suburb of Charlotte. KORE Investments acquired the Class A property from the previous owner and tenant, Hunter Douglas, a window manufacturer that closed the facility earlier this year, according to local media outlets. Matt Treble and Andrew DeLamielleure of Cushman & Wakefield represented the buyer in the transaction. The sales price was not disclosed. KORE Investments plans to backfill the facility with a new tenant in the coming months.

November 16, 2023

Industrial Leasing Activity New Jersey Northeast

IronLink Logistics Signs 71,056 SF Industrial Lease in Burlington, New Jersey

by Taylor Williams November 16, 2023

BURLINGTON, N.J. — IronLink Logistics, a third-party freight company formerly known as MD 3PL, has signed a 71,056-square-foot industrial lease in the Southern New Jersey community of Burlington. IronLink will occupy the entirety of a newly constructed building at 2609 Rancocas Road, which features a clear height of 32 feet. Nate Demetsky, Dean Torosian and Matt Kemery of JLL represented the landlord, metro Philadelphia-based developer Endurance Real Estate Group, in the lease negotiations. Casey Mungo of Daum Commercial represented the tenant.

November 16, 2023

Development Industrial Midwest Wisconsin

Serta Simmons Bedding Opens 500,000 SF Manufacturing Plant in Janesville, Wisconsin

by Kristin Harlow November 16, 2023

JANESVILLE, WIS. — Serta Simmons Bedding (SSB) has opened a 500,000-square-foot manufacturing plant in Janesville, a city in southern Wisconsin. The facility will produce mattresses and other bedding products under the Serta, Beautyrest and Simmons brands. The plant will be responsible for more than 300 jobs in the local economy, and SSB expects to create additional jobs at the plant over the next few years. Located at 200 Innovation Drive and developed by Zilber Property Group, the new facility consolidates two Rock County plants that were located in Beloit and Janesville. The plant is one of 18 manufacturing plants across the U.S. and Canada operated by SSB. An additional five Serta plants in the U.S. are operated by licensing partners.

November 16, 2023

Illinois Industrial Leasing Activity Midwest

Nova Medical Products Signs 91,956 SF Industrial Lease in North Aurora, Illinois

by Kristin Harlow November 16, 2023

NORTH AURORA, ILL. — Nova Medical Products has signed a 91,956-square-foot industrial lease at 410 Smoke Tree Plaza in North Aurora, about 40 miles west of Chicago. The facility is located within the Park 88 Logistics Center and is slated for completion in the second quarter of 2024. Relocating from McCook, Nova will occupy 55 percent of the 165,928-square-foot building. Kenneth Franzese and John Cassidy of Lee & Associates represented the tenant, which is a manufacturer and distributor of medical equipment products such as cranes, crutches, transport chairs and knee scooters. John Whitehead and Jack Brennan of NAI Hiffman represented the landlord, TradeLane Properties.

November 16, 2023

Development Illinois Industrial Midwest

Principle Construction Completes 80,053 SF Spec Warehouse in Mount Prospect, Illinois

by Kristin Harlow November 16, 2023

MOUNT PROSPECT, ILL. — Principle Construction has completed an 80,053-square-foot speculative warehouse on behalf of developer Seefried Industrial Properties in Mount Prospect, a northwest suburb of Chicago. Located at 2240 S. Busse Road, the property features a clear height of 32 feet, 16 exterior docks, two drive-in doors, 17 trailer stalls and parking for 89 cars. Harris Architects provided architectural services and Kimley-Horn served as civil engineer. Principle also completed a 34,011-square-foot build-out for an undisclosed tenant.

November 16, 2023

Acquisitions Development Industrial Self-Storage Texas

SurePoint Development Agrees to Buy 651-Unit Self-Storage Facility in Fulshear, Texas

by Taylor Williams November 15, 2023

FULSHEAR, TEXAS —SurePoint Development, a self-storage owner-operator based in San Antonio, has agreed to purchase an 651-unit facility that is under construction in Fulshear, a western suburb of Houston. The site is located near the intersection of Texas Heritage Parkway and FM 1093, and the single-story facility will span 83,000 net rentable square feet of predominantly climate-controlled space. Completion is slated for next spring. The seller was not disclosed.

November 15, 2023

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 21,000 SF Industrial Lease in Deer Park, Texas

by Taylor Williams November 15, 2023

DEER PARK, TEXAS — Lee & Associates has negotiated a 21,000-square-foot, full-building industrial lease in Deer Park, an eastern suburb of Houston. The building at 2751 Aaron St. sits on 10.3 acres and features 5,700 square feet of office space. Josh Carl and Trey Erwin led the transaction for Lee & Associates. The names of the tenant and landlord were not disclosed.

November 15, 2023

Industrial Leasing Activity Texas

Quicksilver Express Courier Signs 6,732 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams November 15, 2023

GRAND PRAIRIE, TEXAS — Quicksilver Express Courier Inc. has signed a 6,732-square-foot industrial lease at Great Southwest Distribution Center in the central metroplex city of Grand Prairie. Chris Kennedy of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Corby Hodgkiss of Mercer Co. represented the landlord, an entity doing business as Carrier SC Industrial LLC.

November 15, 2023

Development Industrial North Carolina Office Southeast

Swinerton to Construct $21M Build-to-Suit Flex Facility in Metro Raleigh

by John Nelson November 15, 2023

RALEIGH, N.C. — Swinerton will serve as the design coordinator and general contractor for a $21 million build-to-suit office and industrial facility south of Raleigh. The location of the 75,000-square-foot development and name of the tenant, a Fortune 150 electrical utilities provider, were not disclosed. Set to open on a 33-acre site in spring 2025, the project will comprise a 45,000-square-foot, single-story mobile substation storage facility and a 30,000-square-foot command center that will feature eight office spaces and four large collaboration areas.

November 15, 2023

Acquisitions Florida Industrial Loans Southeast

Axiom Arranges $2.1M Acquisition Financing for Industrial Property on Florida’s Space Coast

by John Nelson November 15, 2023

MELBOURNE, FLA. — Axiom Capital has arranged a $2.1 million loan for the acquisition of an industrial property located 1.5 miles from I-95 in Melbourne, a city on Florida’s Space Coast. Constructed on a 4.2-acre site in 1998, the 30,000-square-foot property features 18- to 20-foot ceiling heights, two dock doors, three drive-in doors and 101 car parking spaces. The borrower was not disclosed.

November 15, 2023

Newer Posts

Older Posts