Industrial

Cushman & Wakefield Arranges $18M Land Sale in Daytona Beach, Buyer Plans 777,200 SF Industrial Project

by John Nelson October 18, 2022

DAYTONA BEACH, FLA. — Cushman & Wakefield has arranged the $18 million sale of a 67-acre industrial land site located at 1094 S. Williamson Blvd. in Daytona Beach. The buyer, Karis, expects to deliver three Class A buildings totaling 777,200 square feet on the site by late 2023. Jared Bonshire, David Perez, Taylor Zambito and Matthew Trone of Cushman & Wakefield represented the buyer in the transaction. The sellers, John Schnebly and Craig Wells, are successor co-trustees of the Berrien H Becks Sr Revocable Trust. Karis has retained the Cushman & Wakefield team to lease the development, which will be located at the intersection of I-4 and I-95. The buildings will feature cross-dock configurations, up to 100 dock doors, 40-foot clear heights, large truck courts and ample off-dock trailer parking.

October 18, 2022

14001-14007-14041-14051-Rosecrans-Ave-La-Mirada-CA

Acquisitions California Industrial Western

Nuveen Real Estate Acquires 337,125 SF Distribution Facility in La Mirada, California

by Amy Works October 18, 2022

LA MIRADA, CALIF. — Nuveen Real Estate has purchased a two-building industrial distribution property situated on 14 acres at 14001-14007 and 14041-14051 Rosecrans Ave. in La Mirada. Terms of the transaction were not released. Jeff Chiate, Jeff Cole, Rick Ellison, Mike Adey, Brad Brandenburg and Matt Leupold of Cushman & Wakefield’s National Advisory Group in Southern California represented the undisclosed seller in the transaction. Cushman & Wakefield’s Randy Ellison also provided local market advisory. Built in 1997, the 337,125-square-foot asset features ample loading, ESFR fire sprinklers, 30-foot clear heights and approximately 87,139 square feet of food-grade refrigerated space. At the time of sale, the property was fully leased to three tenants.

October 18, 2022

Metro-East-Valley-Commerce-Center-Mesa-AZ

Arizona Development Industrial Western

Metro Commercial, Graycor Deliver Final Phases of 1.1 MSF Metro East Valley Commerce Center in Mesa, Arizona

by Amy Works October 18, 2022

MESA, ARIZ. — Metro Commercial Properties and Graycor Construction Co., as design-build contractor, have delivered the final buildings at Metro East Valley Commerce Center, an 11-building, 1.1-million-square-foot, Class A industrial park in Mesa. The newly completed Phases III and IV feature five buildings ranging from 58,399 square feet to 112,097 square feet with up to 32-foot clear heights, dock-high and grade-level loading and interior floor plans accommodating office, warehouse, manufacturing and light industrial uses. Graycor completed the first two phases in 2016 and 2017, respectively, with 712,049 square feet of space spread across six buildings. Phases III and IV were designed as speculative developments. However, approximately 80 percent of the leaseable space was preleased prior to shell construction completion. Chris McClurg and Ken McQueen of Lee & Associates serve as the project’s leasing brokers.

October 18, 2022

Development Industrial Utah Western

ViaWest Breaks Ground on 172,845 SF Spec Warehouse in Salt Lake City

by Amy Works October 18, 2022

SALT LAKE CITY — ViaWest Group has broken ground on 5 South Commerce Center, a Class A speculative warehouse facility located at 3175 W. 500 South in Salt Lake City. Slated for completion in second-quarter 2023, 5 South Commerce Center will offer 172,845 square feet of space divisible to 57,615 square feet. The building will feature a 2,500-square-foot office suite, additional office space to-suit, 32-foot clear heights, 56-foot by 54-foot column spacing, 35 dock-high doors, four grade-level doors, ESFR sprinkler system, 146 car parking stalls, ample power, clerestory windows and a paved and fenced outdoor storage yard. Phillip Eilers, Jon Schreck and Rick Newton of Cushman & Wakefield are handling project leasing efforts.

October 18, 2022

Acquisitions Industrial Midwest Missouri Self-Storage

Argus Brokers Sale of 34,450 SF Self-Storage Facility in St. Louis

by Kristin Harlow October 18, 2022

ST. LOUIS — Argus Self Storage Advisors has brokered the sale of the Second Attic Self Storage property in St. Louis for an undisclosed price. The 34,450-square-foot facility sits on nearly two acres near I-170 and St. Charles Rock Road. Larry Goldman of Argus brokered the transaction. Second Attic Associates LLC sold the property to St. Charles Rock Storage LLC. INB Bank provided acquisition financing.

October 18, 2022

Acquisitions Industrial Texas

JLL Negotiates Sale of 568,632 SF Distribution Center in Roanoke, Texas

by Taylor Williams October 17, 2022

ROANOKE, TEXAS — JLL has negotiated the sale of HWY 114 Distribution Center, a 568,632-square-foot industrial facility located in the North Texas city of Roanoke. The 68.6-acre site is located two miles east of the intersection of I-35 and State Highway 114. The cross-dock facility was completed in 2021 and features 36-foot clear heights, 119 dock doors and 229 parking spaces. Los Angeles-based Cohen Asset Management purchased the property from Provident Realty Advisors for an undisclosed price. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Matthew Barge of JLL brokered the deal. At the time of sale, HWY 114 Distribution Center was fully leased to UNIS, a California-based third-party logistics provider.

October 17, 2022

Development Industrial Texas

GTC Real Estate to Develop 80,000 SF Industrial Property in Dallas

by Taylor Williams October 17, 2022

DALLAS — Locally based firm GTC Real Estate Investments will develop Trinity Industrial Park, an 80,000-square-foot project that will be located in the Brookhollow submarket of Dallas. Trinity Industrial Park will comprise two buildings on a 5.4-acre site at 8733 N. Stemmons Freeway. Azimuth Architecture Inc. will handle design, and Pritchard Associates Inc. will serve as construction manager. NAI Robert Lynn will lease the development. Construction is scheduled to begin in the first quarter of 2023 and to be complete by the end of next year.

October 17, 2022

Development Industrial Loans New Jersey Northeast

JLL Arranges $33M Construction Loan for Northern New Jersey Industrial Project

by Taylor Williams October 17, 2022

EAST HANOVER, N.J. — JLL has arranged a $33 million construction loan for Bridge Point East Hanover, a 314,413-square-foot industrial project in Northern New Jersey. The warehouse and distribution center will feature a clear height of 32 feet, 62 dock-high doors, 60 trailer parking spaces and 100 car parking spaces. Michael Klein, Jon Mikula and Ryan Carroll of JLL arranged the four-year, floating-rate loan through Hartford Investment Management Co. on behalf of the borrower, Bridge Industrial LLC.

October 17, 2022

Development Industrial Nevada Western

TCC Starts Construction of 600,000 SF Phase III at Golden Triangle Logistics Center in North Las Vegas

by Amy Works October 17, 2022

NORTH LAS VEGAS, NEV. — The Newport Beach, Calif., office of Trammell Crow Co. and Washington Capital Management, on behalf of its client, have commenced construction of Phase III at the 134.7-acre Golden Triangle Logistics Center in North Las Vegas. The new phase will include 600,000 square feet of industrial space spread across two Class A buildings and bring the development’s footprint to nearly 2.3 million square feet across five buildings. Located at the southwest corner of East Washburn Road and Statz Avenue, Building 4 will feature 400,371 square feet. Slated for a mid-year 2023 completion, the rear-load facility will offer 36-foot clear heights, 63 dock-high truck doors, two drive-in doors and parking for 338 cars and 74 trailers. Located at 2815 E. Washburn Road, the 202,705-square-foot Building 5 is preleased to Fasteners Inc. Southwestern Supply. Scheduled for a spring 2023 occupancy, the rear-load facility will feature 36-foot clear heights, 29 dock-high truck doors, one drive-in door and parking for 127 cars and 35 trailers. The tenant, a wholesaler of construction equipment and supplies, will use the building as its West Coast distribution hub. Rob Lujan of JLL represented Fasteners Inc. Southwestern Supply in the lease. Donna Alderson of Cushman …

October 17, 2022

Acquisitions Industrial Washington Western

Panattoni Development, GLP Capital Sell 141,884 SF Lacey Logistics Facility in Washington

by Amy Works October 17, 2022

LACEY, WASH. — Panattoni Development Co. and GLP Capital Partners have completed the disposition of Lacey Logistics, a Class A industrial building in Lacey. An undisclosed buyer acquired the asset for $23.8 million. Completed in 2021, the cross-dock, 141,884-square-foot building features 130-foot truck courts, 30-foot clear heights, dock-high and drive-in loading, trailer parking, ESFR sprinklers and heavy power. The facility is fully leased to three tenants: Morgan Transfer, Direct Export and Blue Line Foodservice. The property is located at 3130 Hogum Bay Road, less than 1.5 miles from Interstate 5, approximately 35 miles southwest of the Port of Tacoma and 60 miles southwest of downtown Seattle. Brett Hartzell and Paige Morgan of CBRE National Partners in the Pacific Northwest represented the sellers in the deal.

October 17, 2022

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