Industrial

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

Acquisitions Industrial New Hampshire Northeast Office

Cushman & Wakefield Brokers Sale of 137,000 SF Office, Industrial Complex in Nashua, New Hampshire

by Taylor Williams January 11, 2023

NASHUA, N.H. — Cushman & Wakefield has brokered the sale of a 137,000-square-foot office and industrial complex in the southern New Hampshire city of Nashua. Denis Dancoes, Craig Estey, Mike Christian, Josh Feldman, Dan Fisk, Scott Goldman and Greg Millwater of Cushman & Wakefield represented the seller, Teledyne FLIR Commercial Systems Inc., in the transaction. Thomas Farrelly and Sue Ann Johnson, also with Cushman & Wakefield, represented the buyer, The Academy for Science and Design Charter School. The new ownership plans to implement a capital improvement program.

January 11, 2023

Development Industrial Texas Top Stories

Tesla Files Plans For $775M Expansion of Austin Electric Vehicle Factory

by Jeff Shaw January 11, 2023

AUSTIN, TEXAS — Tesla has filed plans with the Texas Department of Licensing and Registration (TDLR) to spend more than $775 million to expand Giga Texas, an automotive production plant in Austin. The filings indicate plans to construct cathode and drive unit manufacturing centers, a battery cell test lab and manufacturing center and a die shop. The expansion of Giga Texas is the company’s largest construction plan since the $5.5 billion for development of Giga Berlin in Germany last year, according to Reuters. Construction began on Giga Texas in July 2020, with initial deliveries of vehicles taking place at a “Cyber Rodeo” event on April 7, 2022. Tesla relocated its headquarters from Palo Alto, California to Austin in 2021. Tesla’s official Giga Texas website states that the plant currently features over 10 million square feet of factory floor on a 2,500-acre site along the Texas Colorado River. The production plant currently serves as the U.S. manufacturing hub for the Tesla Model Y and is planned as the future hub for production of the Tesla Cybertruck. A timeline for the expansion has yet to be announced. However, according to a recent report from Reuters, Tesla is expected to host its investor …

January 11, 2023

El-Dorado-Valley-Logistics-Center-Henderson-NV

Acquisitions Development Industrial Nevada Western

DIV Industrial Buys 94 Acres Near Las Vegas for 1.7 MSF Logistics Center Development

by Amy Works January 10, 2023

HENDERSON, NEV. — DIV Industrial, a newly formed institutional investor and developer of industrial real estate, has acquired 94 acres of land in Henderson’s El Dorado Valley submarket for the development of El Dorado Valley Logistics Center. Terms of the acquisition were not released. Construction is scheduled to begin this summer. The 1.7 million-square-foot El Dorado Valley Logistics Center will feature two buildings, ranging in size from 600,000 square feet to 1 million square feet, with 42-foot clear heights, flat floors and an ESFR sprinkler system. The development site is located at the intersection of Highway 95 and Roger Ray Road, providing access to the entire Las Vegas Valley. The City of Henderson recently annexed the site. DIV’s development partners include HPA Architecture and Kimley-Horn. Cushman & Wakefield’s Alderson Tassi team, led by Donna Alderson and Greg Tassi, represented DIV, while Amy Ogden SIOR of LOGIC Commercial Real Estate represented the seller, IndiCap, in the sale and assignment of the complex land transaction. DIV acquired the land in an unimproved condition with entitlements in process. El Dorado Valley Logistics Center is the first significant development project for DIV Industrial, which was established in late summer 2022 by real estate veterans …

January 10, 2023

Development Industrial Midwest Wisconsin

Greywolf Partners Completes Development, Lease-up of 122,038 SF Industrial Building in Madison

by Kristin Harlow January 10, 2023

MADISON, WIS. — Greywolf Partners Inc. has completed the development and lease-up of a 122,038-square-foot industrial building in Madison. The tenant is Uniek Inc., a designer, manufacturer and supplier of home décor products. The property is located at 6305 Ronald Reagan Ave. within the Center for Industry and Commerce business park. The building features a clear height of 32 feet, 20 exterior loading docks, four drive-in doors and LED lighting. Corporate Contractors Inc. served as the general contractor for the building, which was built on a speculative basis. JSD Professional Services provided civil and landscaping engineering, while JAKnetter Architects provided architectural services. Steve Turner of Greywolf Brokerage, a division of Greywolf Partners, represented the landlord in the lease with Uniek.

January 10, 2023

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