Industrial

ML Realty Partners Acquires 65,003 SF Industrial Property in Addison, Illinois

by Kristin Harlow October 26, 2021

ADDISON, ILL. — ML Realty Partners has acquired a fully leased industrial building located at 2105 Corporate Drive in Addison, about 20 miles west of Chicago. The purchase price was undisclosed. Occupied by Huskie Tools LLC and Shape LLC, the 65,003-square-foot building is located near I-355. Huskie Tools provides hydraulic cutting and compression tools for utility linemen and professional electrical contractors. Shape is a global provider of custom transformers, magnetic assemblies and voltage regulators. Steve Disse, Jeff Devine and Tyler Ziebel of Colliers International brokered the transaction.

October 26, 2021

Acquisitions California Industrial Western

Brookfield Properties Buys 255,000 SF Industrial Building in La Mirada, California

by Amy Works October 26, 2021

LA MIRADA, CALIF. — Brookfield Properties has purchased an industrial property located at 14555 Alondra Blvd. in La Mirada. Interstate 5 Firestone sold the asset for an undisclosed price. Originally built in 1969 and completed in 2016, the 255,000-square-foot property features more than 11,000 square feet of office space, substantial storage facilities, 22-foot clear heights, a concrete-fenced yard and oversized truck doors. The property also features an on-site truck washdown and a full-service mechanics building. Chuck Wilson of Colliers represented the seller and buyer, which acquired the property as a leased investment, in the transaction.

October 26, 2021

Acquisitions Industrial Northeast Pennsylvania Self-Storage

Rosewood Property Acquires 342-Unit Self-Storage Facility in Harrisburg

by Taylor Williams October 26, 2021

HARRISBURG, PA. — Dallas-based investment firm Rosewood Property Co. has acquired a 342-unit self-storage facility at 5700 Linglestown Road in Harrisburg. The property, which spans 35,430 net rentable square feet of primarily climate-controlled space, was converted from a warehouse into a self-storage facility in 2019. The seller and sales price were not disclosed.

October 26, 2021

Industrial Leasing Activity New York Northeast

ARRI Rental Signs 42,000 SF Industrial Lease in Queens

by Taylor Williams October 26, 2021

NEW YORK CITY — ARRI Rental, a camera, lens and grip equipment rental service company, has signed a 42,000-square-foot industrial lease for its new headquarters space in the Long Island City area of Queens. The three-story property at 47-27 36th St. was built in 2004. Joseph Grotto, Joseph Meyerson and Michael Deutsch of Cushman & Wakefield represented the landlord, JDA Realty Corp., in the lease negotiations. Justin Butts of DY Realty represented the tenant, which expects to open its new facility in the first quarter of next year.

October 26, 2021

Acquisitions Florida Industrial Southeast

Coke Florida Purchases 407,000 SF Warehouse in Suburban Orlando

by Julia Sanders October 25, 2021

WINTER HAVEN, FLA. — Tampa-based Coca-Cola Beverages Florida LLC (Coke Florida) has purchased a 407,000-square-foot warehouse within Central Intermodal Logistics Center, an industrial park in Winter Haven. The sales price was $19.6 million, according to the Tampa Bay Business Journal. The seller was not disclosed. The purchase includes 37 acres of land. Coke Florida’s new warehouse is still under construction. The more than $30 million buildout of the new location is expected to conclude in the spring of 2022. The location is home to more than 200 associates, and the company expects to add over 100 additional jobs in the next 12 months. Coke Florida offers jobs in sales, merchandising, warehousing and distribution, and the company currently has openings for drivers, warehouse associates and sales merchandisers.

October 25, 2021

Acquisitions Industrial Self-Storage Texas

NAI Partners Brokers Sale of 622-Unit Self-Storage Facility in West Houston

by Taylor Williams October 25, 2021

HOUSTON — NAI Partners has brokered the sale of Sunny’s Self Storage, a 622-unit facility located at 1555 W. Grand Parkway N. in West Houston. The facility sits on a 2.5-acre site and spans 93,455 net rentable square feet. Ryan DeGennaro of NAI Partners represented the seller, Hetsun Partners, in the transaction. DeGennaro also assisted the buyer, an undisclosed regional investment firm, in closing the deal.

October 25, 2021

Acquisitions Illinois Industrial Midwest

Provender Partners Acquires 570,028 SF Industrial Facility in Metro Chicago for $30M

by Kristin Harlow October 25, 2021

MANTENO, ILL. — Provender Partners has acquired a 570,028-square-foot industrial facility in Manteno, about 55 miles south of downtown Chicago. The purchase price was $30 million. Located at 1125 Sycamore Road and built in 1999, the property is fully temperature-controlled. It features 84 docks, 132 trailer stalls and rail service. The facility serves as the Midwest distribution center for McKesson’s pharmaceutical supply chain. The acquisition also includes 50 acres of excess land, which is fully entitled for the development of an additional 620,000 square feet of industrial space. Provender is considering several options for the land, including future expansion of the existing building, speculative or build-to-suit development. This is the fourth and largest food-related industrial building that Provender has acquired in the Chicago area over the past 18 months. Will Mura and Ted Gates of CBRE brokered the sale, the seller in which was undisclosed.

October 25, 2021

Development Industrial Iowa Midwest

Construction Underway on Edgewood Logistics Park in Cedar Rapids, Iowa

by Kristin Harlow October 25, 2021

CEDAR RAPIDS, IOWA — Construction is underway on Edgewood Logistics Park, a 204,000-square-foot speculative industrial building in Cedar Rapids. The 21-acre project will feature a clear height of 36 feet, 48 docks, 200 vehicle parking stalls and 130 semi-trailer parking spaces. Completion is slated for spring 2022. Dave Drown of GLD Commercial is marketing the project for lease. The development group is privately held and locally owned. Garling Construction is the general contractor.

October 25, 2021

Acquisitions Connecticut Industrial Northeast

Wharton Industrial, Long Wharf Acquire 279,256 SF Warehouse in East Windsor, Connecticut

by Taylor Williams October 25, 2021

EAST WINDSOR, CONN. — A joint venture between Wharton Industrial, an investment arm of New York City-based Wharton Equity Partners, and Boston-based Long Wharf Capital has acquired a 279,256-square-foot warehouse in Connecticut. The property, which is located in East Windsor, a northern suburb of Hartford, was built on 40 acres in 1979. Building features include a clear height of 18 to 20 feet, over 300 parking spaces and 5,000 square feet of designated office space. Chris Metcalfe and Jack Reed of CBRE brokered the deal and will also handle leasing of the property on behalf of the new ownership, which will implement a capital improvement program.

October 25, 2021

California Development Industrial Western

CapRock Partners Breaks Ground on 24-Acre Saddle Ranch Industrial Complex in Norco, California

by Amy Works October 25, 2021

NORCO, CALIF. — CapRock Partners, with Premier Design + Build Group as general contractor, has broken ground on Saddle Ranch Phase II in Norco. Situated on 23.8 acres at 3166 Horseless Carriage Drive, the development will feature three buildings offering a total of 387,180 square feet. The speculative structures will feature 32-foot clear heights, 8,000 amps of power in each building, ESFR K17 @ 52 PSI fire sprinklers, three drive-in doors and 35 dock doors. Additionally, Premier will add parking to accommodate approximately 36 trailers and 309 vehicles. The project scope also includes 270,000 square feet of landscaping. Project partners include RGA, Office of Architectural Design, X Engineering and Darin Fong and Associates. Completion is slated for third-quarter 2022.

October 25, 2021

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