Industrial

Hunt Midwest Breaks Ground on 258,801 SF Industrial Facility in Upstate South Carolina

by John Nelson June 8, 2022

ANDERSON, S.C. — Kansas City-based Hunt Midwest has broken ground on a 258,801-square-foot industrial facility within the new Evergreen Logistics Park, an industrial campus spanning 200 acres in Upstate South Carolina. Located at 1105 Scotts Bridge Road in Anderson, the new facility will feature 36-foot clear heights, an ESFR sprinkler system, motion-sensor LED lighting, 26 dock doors, 60-foot speed bays, four drive-in doors, more than 200 parking stalls, up to 77 tractor-trailer parking spots and a 185-foot truck court. Hunt Midwest expects to deliver the building by the end of the year. At full capacity, Evergreen Logistics Park will span 2 million square feet and offer immediate access to I-85 and a major FedEx terminal. Hunt Midwest has selected Seamon Whiteside for civil engineering, LS3P for building design, CBRE for leasing and Evans General Contractors as the general contractor.

June 8, 2022

Development Industrial Texas

KDW to Develop 130,000 SF Manufacturing Facility in Metro Houston

by Taylor Williams June 7, 2022

WALLER, TEXAS — Locally based firm KDW will develop a 130,000-square-foot manufacturing facility in the northwestern Houston suburb of Waller that will be an expansion of the existing campus of Green Span Profiles, a provider of insulated wall panels. The crane-served facility will be situated on 33 acres and is expected to come on line in January. The company’s original 70,000-square-foot plant opened in 2011. Green Span Profiles expects to hire about 15 new employees to staff the facility.

June 7, 2022

Acquisitions Industrial New Jersey Northeast

Cushman & Wakefield Brokers $11M Sale of Two Industrial Buildings in Midland Park, New Jersey

by Taylor Williams June 7, 2022

MIDLAND PARK, N.J. — Cushman & Wakefield has brokered the $11 million sale of two industrial buildings totaling 38,500 square feet in the Northern New Jersey community of Midland Park. The properties sit on a combined 3.8 acres and were recently upgraded. Gary Gabriel, Kyle Schmidt and Seth Zuidema represented the seller, VanRock Properties, in the transaction and procured the buyer, Bassen Properties.

June 7, 2022

Development Industrial Kentucky Southeast Top Stories

Heaven Hill Breaks Ground on $135M Bourbon Distillery in Bardstown, Kentucky

by John Nelson June 7, 2022

BARDSTOWN, KY. — Heaven Hill, a family-owned spirits company overseeing brands such as Evan Williams and Deep Eddy Vodka, has broken ground on a $135 million distillery in Bardstown, approximately 40 miles south of Louisville. The project, known as Heaven Hill Springs Distillery, is located at 1015 Old Bloomfield Pike, which was the site of the former Old Heaven Hill Springs Distillery. The former distillery opened in 1935, but was destroyed in a fire in 1996 that engulfed the distillery, seven rickhouses for barrel aging and about 100,000 barrels of whiskey. After the fire, Heaven Hill moved its distillery operations to the historic Bernheim Distillery in downtown Louisville, where the company still operates today. “We’re honored to celebrate this homecoming with a return to distilling in Bardstown to augment our overall bourbon-making capacity, as well as continue to make an impact in the Bardstown community,” says Max Shapira, president of Heaven Hill. Heaven Hill Springs Distillery is scheduled to open by the end of 2024. Heaven Hill anticipates the distillery will handle 150,000 barrels of spirits annually at first and ramp up production to 450,000 barrels annually over time, which mirrors the production at its Louisville distillery. Bardstown, which has …

June 7, 2022

Features Industrial

How to Map Out Your Industrial Expansion

by Taylor Williams June 7, 2022

By Eric Voyles, executive vice president, chief economic development officer, TexAmericas Center Whether you are considering moving your business to a new market, acquiring/merging with a competitor, adding staff or increasing your service lines, the risks of expanding an industrial business can be enormous. But with careful research, smart decisions and adequate support, the benefits to taking the next step for your business can far outweigh any negative pressures. For companies looking to expand, the considerations are extensive. Minimizing downtime and supply chain disruption are top priorities and planning ahead can help overcome those pitfalls. Consider these factors when making your decision: 3PL Support For many businesses, it will be the help of third-party logistics (3PL) services that will ultimately provide the best supply chain support and play the most pivotal role in helping reshape the world’s economy and allowing businesses to expand more confidently. There are several trends that have led companies to 3PL services, which help them minimize risk and outsource elements of their operations. Warehousing, fulfillment services, transportation of goods and management of labor forces are all benefits that 3PL companies can provide. Whether companies are manufacturing or distributing, they need flexibility. They are typically looking for locations …

June 7, 2022

Acquisitions Industrial Maryland Southeast

Link Logistics Sells Six-Property Industrial Portfolio in Mid-Atlantic for $67.5M

by Amy Works June 6, 2022

BALTIMORE — New York-based Link Logistics has completed the disposition of Beltway+ Industrial Portfolio, a six-property, 430,118-square-foot industrial portfolio located in the Mid-Atlantic region. Massachusetts-based High Street Logistics Properties acquired the portfolio for $67.5 million. Situated in the Baltimore-Washington Corridor, Beltway+ Industrial Portfolio was 92 percent leased at the time of sale to 26 tenants. The largest asset in the portfolio is a 114,980-square-foot, Class A property located at 6695 Business Parkway within Meadowridge Business Park in Elkridge, Md. The remaining properties are small-bay industrial assets with direct access to Interstate 695. Christopher Abramson, Ben McCarty and Nicholas Signor of Newmark represented the seller in the deal. Brian Kruger, Thomas Hinder and Erik Evans of Newmark will handle leasing of the property on behalf the new ownership.

June 6, 2022

Development Industrial Texas

Majestic Realty Underway on 520-Acre Industrial Project in Northwest Fort Worth

by Taylor Williams June 6, 2022

FORT WORTH, TEXAS — Southern California-based developer Majestic Realty Co. is underway on construction of Majestic Silver Creek Business Park, a 520-acre project in northwest Fort Worth. Phase I centers on the speculative development of a 1.1 million-square-foot building that is slated for a second-quarter 2023 delivery. Majestic is also underway on sitework for a 732,284-square-foot building that will be situated on the adjacent parcel.

June 6, 2022

Acquisitions Industrial Texas

JLL Negotiates Sale of 576,047 SF Corner Ridge Crossing Industrial Park in San Antonio

by Taylor Williams June 6, 2022

SAN ANTONIO — JLL has negotiated the sale of Corner Ridge Crossing, a 576,047-square-foot industrial park on San Antonio’s east side. Built in 2020, the property comprises four industrial buildings: one cross-dock, one front-load and two rear-load buildings. Each building has 28- to 32-foot clear heights, 28- to 60-foot dock high doors and truck court depths ranging from 130 to 210 feet. Trent Agnew, Dustin Volz, Dom Espinosa, Josh Villarreal and Zach Riebe of JLL represented the seller, Houston-based Hines, in the transaction. Global investment firm KKR acquired the development for an undisclosed price.

June 6, 2022

Industrial Leasing Activity Texas

DSV Air & Sea Signs 142,685 SF Industrial Lease in El Paso

by Taylor Williams June 6, 2022

EL PASO, TEXAS — DSV Air & Sea, a global logistics firm based in Denmark, has signed a 142,685-square-foot industrial lease at 12230 Paseo Del Este Blvd. in El Paso. The space is located within Building 2 of El Paso Logistics Park, a 59-acre development by Kansas City-based VanTrust Real Estate. PSRBB Industrial Group designed Phase I of the project, which was completed in September 2021, and Jordan Foster Construction served as the general contractor. Bill Caparis and Arturo De la Mora of CBRE represented the landlord in the lease negotiations. Chad McCleskey, also with CBRE, represented the tenant.

June 6, 2022

Industrial Leasing Activity Massachusetts Northeast

Ambri Signs 140,000 SF Build-to-Suit Industrial Lease in Milford, Massachusetts

by Taylor Williams June 6, 2022

MILFORD, MASS. — Ambri, a provider of renewable energy storage solutions, has signed a 140,000-square-foot lease to open a build-to-suit manufacturing facility in Milford, located in the southern central part of the state. The facility will be located within Quarry Square, a retail center that is being redeveloped into an industrial flex property. Steve Clancy and Danielle Simbliaris of CBRE represented the landlord, R.J. Kelly, in the lease negotiations. Chris Scott of Dallas-based Lincoln Property Co. represented the tenant.

June 6, 2022

Newer Posts

Older Posts