Industrial

MCA Realty Sells Windy Road Warehouses Industrial Park in Las Vegas for $5.9M

by Amy Works March 6, 2023

LAS VEGAS — MCA Realty has completed the sale of Windy Road Warehouses, a four-building industrial park located at 6460-6478 Windy Road in Las Vegas. A private investor acquired the park for $5.9 million, or $309 per square foot. Built in 1988, Windy Road Warehouse features 19,216 square feet of industrial space with immediate access to interstates 215 and 15. Garrett Toft, Kevin Higgins, Sean Zaher, Jake Higgins and Kelsey Higgins of CBRE represented MCA Realty, while Ed Whittemore of Larem represented the buyer in the transaction.

March 6, 2023

Development Industrial South Carolina Southeast Top Stories

Scout Motors Plans $2B Electric Vehicle Manufacturing Plant Near Columbia, South Carolina

by Taylor Williams March 6, 2023

BLYTHEWOOD, S.C. — Scout Motors Inc., the electric vehicle division of German automaker Volkswagen, has unveiled plans for an electric vehicle manufacturing plant on a 1,600-acre plot in Blythewood, South Carolina, a suburb of Columbia. The move represents a capital investment of approximately $2 billion and is expected to create about 4,000 jobs. Scout Motors intends to primarily use the plant for the production of trucks and sport utility vehicles (SUVs). At full capacity, the facility should be able to manufacture about 200,000 vehicles annually. Construction is scheduled to begin later this year, and Scout Motors expects the plant to be fully operational by the end of 2026. Of the total acreage of the site, which is bounded by I-77 and Blythewood Road, about 70 percent (1,100 acres) will be dedicated to the manufacturing facilities themselves. The location puts the facility within 20 miles of the state capital’s downtown area. Greg Lubar and Matt Jackson of JLL represented Scout Motors in its site selection efforts. The new trucks and SUVs will be built on a newly designed, all-electric platform. This approach will allow the company’s engineering teams to deliver vehicles with optimal ground clearance, approach angles and payload capacity, as …

March 6, 2023

Acquisitions Industrial South Carolina Southeast

JLL Arranges Sale of 792,081 SF Industrial Property in Metro Charlotte

by John Nelson March 3, 2023

ROCK HILL, S.C. — JLL Capital Markets has arranged the sale of Phase I of Rock Hill Commerce Center in Rock Hill, roughly 30 miles southwest of Charlotte. A MetLife Investment Management client acquired the 792,081-square-foot property, which comprises two industrial buildings, for an undisclosed price. Patrick Nally, Pete Pittroff, Dave Andrews and Michael Scarnato of JLL represented the seller, Strategic Capital Partners, in the transaction. Completed earlier this year, Phase I of Rock Hill Commerce Center was fully leased at the time of sale to Power Technique North America and Logistics Plus. Buildings A and B comprise 294,092 square feet and 497,989 square feet, respectively.

March 3, 2023

Acquisitions California Industrial Western

Colliers Negotiates $26M Acquisition of Gifford Business Park in San Bernardino, California

by Amy Works March 3, 2023

SAN BERNARDINO, CALIF. — Colliers has arranged the sale of Gifford Business Park, a seven-building industrial business park in the Inland Empire submarket of San Bernardino. MIG acquired the asset from Positive Investments for $26 million. Christopher Smith and Andrey Mindirgasov of Colliers represented the buyer, while Alan Pekarcik of Kidder Mathews represented the seller in the deal. Located at 750-760 E. Central Ave. and 765-791 S. Gifford Ave., Gifford Business Park features 156,717 square feet of industrial space. The park offers 78 units, ranging from 910 square feet to 19,302 square feet, across seven buildings.

March 3, 2023

Acquisitions Industrial Texas

Cold Creek Solutions Sells 374,560 SF Cold Storage Facility in Denton, Texas

by Taylor Williams March 3, 2023

DENTON, TEXAS — Cold Creek Solutions, a cold storage developer based in the Dallas-Fort Worth area, has sold a 374,560-square-foot speculative facility in the North Texas city of Denton. The facility sits on a 23-acre site just northwest of I-35 and Barthold Road. Building features include 45-foot clear heights, more than 60,000 pallet positions, multiple tenant suites with convertible temperature functionality, 65 trailer parking spaces and ample car parking. ARCO National Construction served as the general contractor for the project, construction of which began in late summer 2021. The buyer was not disclosed.

March 3, 2023

Acquisitions Industrial Lee & Associates New Jersey Northeast

BlackRock Realty Advisors Buys Industrial Facility in Piscataway, New Jersey for $80M

by Taylor Williams March 3, 2023

PISCATAWAY, N.J. — BlackRock Realty Advisors has purchased 330 S. Randolphville Road, an approximately 300,000-square-foot industrial facility in the Northern New Jersey community of Piscataway, for $80 million. According to LoopNet Inc., the property was built on 7.9 acres in 1969, renovated in 2021 and features a clear height of 36 feet. At the time of sale, the facility was fully leased to General Plumbing Supply. Matthew Schnurr of Lee & Associates represented BlackRock Realty Advisors in the transaction. The seller was not disclosed.

March 3, 2023

Development Industrial New Jersey Northeast

Amazon Signs 205,000 SF Industrial Lease in Woodland Park, New Jersey

by Taylor Williams March 3, 2023

WOODLAND PARK, N.J. — Amazon has signed a 205,000-square-foot industrial lease in the Northern New Jersey community of Woodland Park. The e-commerce giant will occupy the entirety of the facility at 1150 McBride Ave., which was developed by a partnership between two New Jersey-based firms, Kushner Real Estate Group and The STRO Cos. The property features a clear height of 36 feet, two drive-in doors, 20 loading docks and ample car and trailer parking. Jason Goldman and Andrew Siesman of KBC Advisors represented Amazon in the lease negotiations. Jack Shulman and Elliot Ferris represented the landlord on an internal basis.

March 3, 2023

Acquisitions California Industrial Western

Luminous Capital Sells 37,200 SF R&D Building in Carlsbad, California for $18.6M

by Amy Works March 2, 2023

CARLSBAD, CALIF. — Luminous Capital Management, in partnership with Austin, Texas-based Virtus Real Estate Capital, has completed the sale of 2290 Cosmos Court, an industrial/R&D property in Carlsbad. Hazard Jr Enterprises LP, a family-owned entity advised by San Diego-based Commercial Facilities, acquired the asset for $18.6 million, or $501 per square foot. REEF, a global manufacturer of beach-inspired footwear and apparel, occupies the 37,200-square-foot building on a 10-year lease, which was signed in early 2022. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates represented the seller in the deal. The team also handled the lease with REEF.

March 2, 2023

Washington-Talbert-Industrial-Park-Fountain-Valley-CA

Acquisitions California Industrial Western

DAUM Commercial Negotiates Sale of 59,754 SF Industrial Park in Fountain Valley, California

by Amy Works March 2, 2023

FOUNTAIN VALLEY, CALIF. — DAUM Commercial has arranged the sale of a multi-tenant industrial park at 18071 Mt. Washington St. and 11190-11240 Talbert Ave. in Fountain Valley. Manhattan West Real Estate acquired the asset from DDK Investments for $16.5 million. Built in 1982 on 2.9 acres, the park features two two-story industrial buildings totaling 59,754 square feet with 18-foot to 36-foot clear heights, oversized ground-level doors and large fenced yards. At the time of sale, the property was fully occupied by six tenants, including OC Art & Home, Harwood Galleria, The Drawer Shop and RADCO. Mike Barreiro and Devin Ray DAUM Commercial represented the seller, while Charles Johnson and Joseph Harmon sourced and represented the buyer in the deal.

March 2, 2023

Acquisitions California Industrial Western

Luminous Capital Sells 37,200 SF R&D Building in Carlsbad, California for $18.6M

by Amy Works March 2, 2023

March 2, 2023

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