Industrial

Lincoln, Harvard Break Ground on $360M First Phase of 7 MSF Goodyear AirPark in Metro Phoenix

by Jeff Shaw January 13, 2023

GOODYEAR, ARIZ. — Phoenix-based LPC Desert West and Scottsdale-based Harvard Investments have broken ground on Phase I of Goodyear AirPark, located on 565 acres adjacent to the Phoenix-Goodyear Airport in Goodyear, approximately 20 miles west of Phoenix. Phase I of the project comprises 1.6 million square feet and six buildings ranging from 81,000 to 775,000 square feet. At build-out, Goodyear AirPark is expected to total 7 million square feet and up to 20 buildings. The buildings will offer up to 40-foot clear heights and multiple points of ingress and egress for aircraft, as well as truck courts and vehicle parking. Situated approximately three miles south of Interstate 10, the site is generally bounded by Estrella Parkway, Bullard Avenue and State Route MC 85. The property is also approximately 10 minutes from the Goodyear Ballpark, where the Cincinnati Reds and Cleveland Guardians train during spring. Additionally, the AirPark is located adjacent to a dark fiber line, offering extremely strong internet access for communication and data center development. Global neighbors to the site include Microsoft, Amazon, UPS, Walmart, Boeing, SubZero, Daimler-Benz, XPO Logistics, Red Bull and Aldi. Cerberus Capital Management is the equity partner for LPC and Harvard on the project. Butler Design …

January 13, 2023

Acquisitions Development Industrial Texas

Dayton Street Partners Buys 65-Acre Industrial Campus in Metro Dallas, Plans Expansion

by Taylor Williams January 12, 2023

RICHARDSON, TEXAS — Chicago-based developer Dayton Street Partners has acquired a 65-acre manufacturing and distribution campus in the northeastern Dallas suburb of Richardson with plans to expand the site. The undisclosed seller has agreed to lease back 10 percent of the space at the 845,000-square-foot campus, and electronics manufacturer Celestica has leased 672,588 square feet. The seller also vacated the remaining 90,000-square-foot building, at which Dayton Street has launched a capital improvement program. The expansion will feature a 240,000-square-foot facility on a nine-acre parcel that is expected to be complete in early 2024. Larry Serota, Mike Hardage and Nora Hogan of Transwestern represented the seller in the transaction.

January 12, 2023

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Arranges Sale of 197-Unit Self-Storage Facility in Amarillo

by Taylor Williams January 12, 2023

AMARILLO, TEXAS — Marcus & Millichap has arranged the sale of Camp Lane Storage, a 197-unit facility located in the northwest Texas city of Amarillo. The property 24,440 spans square feet of net rentable, non-climate-controlled space and also includes 20 outdoor parking spaces. Arol Horkavy and Jon Danklefs of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were limited liability companies that requested anonymity.

January 12, 2023

Industrial Leasing Activity Massachusetts Northeast

Cushman & Wakefield Negotiates 260,150 SF Industrial Lease in Taunton, Massachusetts

by Taylor Williams January 12, 2023

TAUNTON, MASS. — Cushman & Wakefield has negotiated a 260,150-square-foot industrial lease in Taunton, located about 40 miles south of Boston. The tenant, Ferguson Plumbing Supply, will occupy space at Taunton Trade Center, a 584,640-square-foot speculative development. The newly built complex features a clear height of 40 feet, 112 loading docks, 546 car parking spaces and 132 trailer parking stalls. Philip Verre, Rob Byrne, Pete Whoriskey and Paul Leone of Cushman & Wakefield represented the landlord, Martignetti Cos., in the lease negotiations. CBRE represented the tenant.

January 12, 2023

Development Florida Industrial Leasing Activity Southeast

Lumber Supplier Signs 75,000 SF Industrial Lease in Punta Gorda, Florida

by John Nelson January 12, 2023

PUNTA GORDA, FLA. — Dakota Premium Hardwoods, a hardwood lumber and cabinet product supplier based in Waco, Texas, has signed a 75,000-square-foot industrial lease at 9450 Piper Road in Punta Gorda. The tenant will occupy space within Florida Gulf Coast Logistics Center, a 378,000-square-foot speculative facility being developed within Enterprise Charlotte Airport Park. Dan Miller of Colliers represented the landlord, Equus Capital Partners Ltd., in the lease transaction. Rian Smith of CBRE represented the tenant. Dakota Premium Hardwoods expects to move into its new warehouse and distribution space in September, according to Colliers.

January 12, 2023

California Development Industrial Western

Phelan Plans 284,850 SF Elkhorn Industrial Park in Sacramento

by Amy Works January 12, 2023

SACRAMENTO, CALIF. — Phelan Development has released plans for Elkhorn Industrial Park, a two-building, 284,850-square-foot speculative industrial project within Metro Air Park in Sacramento. Located at 4525 W. Elkhorn Blvd. and 4535 W. Elkhorn Blvd, the park will feature a 190,525-square-foot building and a 94,325-square-foot building. Completion is slated for fall 2023. Mark Demetre and Michael Hoo of Colliers’ Sacramento office are handling leasing for the project.

January 12, 2023

Development Georgia Industrial Southeast Top Stories

South Korea’s Hanwha Solutions to Invest $2.5B in Solar Panel Supply Chain in Georgia

by Katie Sloan January 12, 2023

CARTERSVILLE, GA. — Hanwha Solutions, through its clean energy subsidiary Qcells, has announced plans to invest more than $2.5 billion to develop a complete solar energy supply chain across the northern part of the state of Georgia. According to the company, this will represent the largest investment ever in solar panel production in the U.S. and make Qcells the only company in the country with a complete and sustainable solar supply chain. Qcells plans to break ground on a state-of-the-art manufacturing facility in Cartersville, roughly 43 miles northwest of downtown Atlanta, by the end of March. The plant will manufacture solar ingots, wafers and cells — the elements that make up solar panels — as well as finished panels. That facility is scheduled for completion in late 2024. The company also plans to expand solar panel production at its existing facility in Dalton, approximately 45 miles north of Cartersville, which opened in 2019. The company will hire an additional 535 employees at that facility. “As demand for clean energy continues to grow nationally, we’re ready to put thousands of people to work creating fully American-made and sustainable solar solutions, from raw material to finished panels,” says Justin Lee, CEO of Qcells. …

January 12, 2023

Industrial Kansas Market Reports Midwest Midwest Market Reports Missouri

High Demand Buoys Kansas City Industrial Market

by Kristin Harlow January 12, 2023

By John Hassler, Newmark Zimmer At the close of 2022, Kansas City’s industrial property market hit heights that would have been unimaginable only a decade prior. While Kansas City ranks as the 31st-largest MSA in the United States by population, it is the 16th-largest market nationally based on industrial square footage with nearly 315 million square feet of total inventory. Further, Kansas City ranks 10th nationally in the percentage of annual net absorption as compared with its market size and has added an impressive 62.5 million square feet of newly developed square footage over the last 10 years. Many factors have contributed to the market’s growth trajectory including the nation’s most geo-central location (a two-day truck drive to 85 percent of the continental U.S. population), the confluence of five Class-1 railroads (with four area intermodal centers), the intersection of four of the nation’s busiest interstates (including I-35 and I-70), an available and reasonably priced workforce, an abundance of industrial development sites in pro-development communities, and an experienced, well-capitalized concentration of developers headquartered in the area. Kansas City has leveraged those various logistical and strategic advantages at a perfect time to capitalize on an all-time high in industrial space demand with …

January 12, 2023

Acquisitions Industrial Midwest Ohio Self-Storage

Versal Arranges Sale of 561-Unit Self-Storage Facility in Dayton, Ohio

by Jeff Shaw January 11, 2023

DAYTON, OHIO — Versal has arranged the sale of Storage Sense, a 561-unit self-storage property located in Dayton. Originally built as a single-tenant retail center, the facility comprises 65,495 square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Delaware-based Cobblestone Capital. The team also procured the buyer, Nevada-based Amerco Real Estate Co. The sales price was not disclosed.

January 11, 2023

Industrial Leasing Activity Texas

Neveon USA Signs 50,000 SF Industrial Lease in Fort Worth

by Taylor Williams January 11, 2023

FORT WORTH, TEXAS — Neveon USA, a provider of upholstery, foam and insulation products, has signed a 50,000-square-foot industrial lease at Riverbend Business Park in Fort Worth. The development is located on the city’s northeast side and consists of 32 buildings totaling roughly 1.4 million square feet. William Wilson and George Jennings of Holt Lunsford Commercial represented the landlord, Riverbend Properties, in the lease negotiations. Louis Pascuzzi of Newmark represented the tenant.

January 11, 2023

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