Industrial

Sansone Group Acquires 101.5 Acres of Land Near Savannah for New Industrial Development

by John Nelson January 27, 2021

PORT WENTWORTH, GA. — Sansone Group, in partnership with a private equity real estate fund advised by Crow Holdings Capital, has acquired 101.5 acres near Savannah. Sansone Group plans to develop up to 1.4 million square feet of Class A industrial space at the site, which will be the first development in Georgia for the St. Louis-based developer. The site’s address is 4737 Hendley Road in Port Wentworth, less than six miles from the Port of Savannah. The development will be situated at the intersection of Highway 21 and Interstate 95,. The plan includes three buildings that Sansone Group will be developed in two phases. Phase I comprises a 437,500-square-foot building that will break ground in March. Sansone expects to deliver the building in December. Phase II will comprise 805,000 square feet across two buildings Sansone anticipates breaking ground on the second phase in October with delivery slated for July 2022. JLL’s Chris Tomasulo is leasing the project for the ownership group. Kern & Co. designed the site layouts. No general contractor has been selected yet.

January 27, 2021

Development Industrial North Carolina Southeast

Trinity Capital Selects Frampton to Build Three Industrial Facilities in Metro Raleigh

by John Nelson January 27, 2021

KNIGHTDALE, N.C. — Trinity Capital Advisors has selected Frampton Construction Co. LLC to build three industrial facilities in Knightdale. The buildings will be situated within Trinity Capital’s Eastgate 540 industrial park, located along Interstate 540 in Raleigh’s East Wake submarket. The new buildings join three existing facilities in the complex and will bring the park’s total size to 980,000 square feet. The first building is a build-to-suit project for the park’s newest tenant, PCX Corp. The company designs and builds prefabricated modular electrical distribution and power systems. PCX recently signed a lease to occupy the entire 159,600-square-foot facility. The remaining two buildings, each measuring 120,000 square feet, are under construction with leases in progress. Frampton is underway on sitework for all three buildings. Merriman Schmitt Architects completed the design for the buildings, and Advanced Civil Design Inc. provided civil engineering services. Construction is expected to finish this summer. Frampton Construction is a regional, full-service general contractor with offices in Charlotte and Charleston.

January 27, 2021

Acquisitions Illinois Industrial Midwest

Colliers Arranges Sale of 144,207 SF Industrial Building in Chicago

by Kristin Harlow January 27, 2021

CHICAGO — Colliers International has arranged the sale of 10500 Woodlawn Ave. in Chicago’s Pullman Crossings for an undisclosed price. The 144,207-square-foot industrial building is situated on 38 acres and serves as a last-mile logistics facility for Amazon. It features a clear height of 36 feet as well as parking for 347 cars and 856 vans. Ryan Cos. completed development of the build-to-suit property in September. Jeff Devine and Steve Disse of Colliers represented the seller, a joint venture between Ryan and Allstate Investments. A private foreign investor purchased the asset.

January 27, 2021

Acquisitions Illinois Industrial Midwest

Entre Commercial Realty Arranges Sale of 10,500 SF Industrial Building in Gurnee, Illinois

by Kristin Harlow January 27, 2021

GURNEE, ILL. — Entre Commercial Realty has arranged the sale of a 10,500-square-foot industrial building in Gurnee for an undisclosed price. The property is located at 200 Ambrogio Drive and features six drive-in doors as well as 2,200 square feet of office space. Brian Bocci of Entre represented the buyer, Gen-3 Investments LLC, which will use the facility for its pool service operations. Charlie Mintz of JLL represented the undisclosed seller.

January 27, 2021

Arizona Development Industrial Western

LPC Buys Development Site in Phoenix for 321,873 SF Industrial Project Known As Buckeye85

by Amy Works January 27, 2021

PHOENIX — LPC Desert West has purchased nearly 20 acres in the Interstate 10 corridor for the development of Buckeye85, an industrial project in Phoenix. The 321,873-square-foot Class A property will offer location, flexibility and creative industrial amenities targeted for mid-size users focused on creating an omnichannel marketplace, according to LPC. Situated at the southwest corner of 103rd Avenue and Buckeye Road/MC-87 Highway, Buckeye85 will feature spaces divisible to 100,000 square feet, 36-foot clear heights, full concrete truck courts, a 94-door cross-dock configuration and freezer/cooler capabilities. Additionally, the development will offer touchless technology throughout; clerestory windows offering natural light; shaded and landscaped areas; built-in barbecue equipment; and seating for outdoor relaxing, dining and games. Construction is slated to begin in April with delivery by year-end 2021. Butler Design Group is serving as architect and Hunter Engineering is serving as civil engineer.

January 27, 2021

Development Industrial Texas

M2G, Pennybacker Capital to Redevelop 250,000 SF Industrial Property in Dallas

by Taylor Williams January 27, 2021

DALLAS — A partnership between North Texas-based M2G Ventures and Austin-based Pennybacker Capital will redevelop a 250,000-square-foot industrial property in the West Brookhollow area of Dallas. The project will convert a 1960s-era brick warehouse on a nine-acre site into a modern industrial building that will feature 20- to 24-foot clear heights and will be marketed to light industrial and logistics users. The redeveloped property will be branded PROTO Park. Completion is slated for September. The partnership also recently purchased the former Tuesday Morning distribution center in Dallas with plans to redevelop it.

January 27, 2021

Acquisitions Industrial Office Texas

Welcome Group Acquires 129,085 SF Office, Industrial Complex in West Houston

by Taylor Williams January 27, 2021

HOUSTON — Welcome Group LLC, a locally based investment firm, has acquired a 129,085-square-foot office and industrial complex in West Houston. The complex consists of four office buildings and one industrial building that were constructed in 2013 and are fully leased to three tenants, including Tally Energy Services. Ryan Wassaff and John Wilson represented Welcome Group on an internal basis.

January 27, 2021

Acquisitions Industrial Massachusetts Northeast

Marcus Partners, Rhino Capital Acquire 180,000 SF Industrial Portfolio in Metro Boston

by Taylor Williams January 27, 2021

LOWELL AND BILLERICA, MASS. — A partnership between Marcus Partners and Rhino Capital Advisors has acquired a 180,000-square-foot industrial portfolio in metro Boston. The portfolio consists of two buildings, one in Lowell and the other in Billerica, both of which are northern suburbs of Boston. The sales price was $13.5 million. The seller was not disclosed. Brett Paulsrud, Amy Lousararian and Madeline Joyce of JLL arranged $9.1 million in fixed-rate acquisition financing through Webster Five Cents Savings Bank for the deal.

January 27, 2021

Industrial Leasing Activity Southeast Tennessee

Logistics Firm Unis Signs 474,000 SF Industrial Lease in Memphis

by John Nelson January 26, 2021

MEMPHIS, TENN. — Unis LLC, a third-party logistics provider (3PL), has signed a 474,000-square-foot lease for fulfillment space in the Southeast industrial submarket of Memphis. The California-based firm will occupy space at 4400-4500 Quality Drive within Southpark, a Class A development situated near the BNSF Railway Company Intermodal Facility. Patrick Walton of CBRE represented the landlord, Dawson Logistics Assets LLC, an affiliate of Mapletree Investments, in the lease transaction. Jessican Chen of Kander Pacific Inc. represented the tenant. The new lease will bring Unis Memphis footprint to more than 600,000 square feet.

January 26, 2021

Development Industrial Midwest Wisconsin

Ashley Capital Completes Development of Third Spec Industrial Building at Wisconsin’s Enterprise Business Park

by Kristin Harlow January 26, 2021

STURTEVANT, WIS. — Ashley Capital has completed the development of the third speculative industrial building at Enterprise Business Park in Sturtevant, about 30 miles south of Milwaukee. Located at 11101 Enterprise Way, the building spans 397,000 square feet and is known as Enterprise III. The Class A facility offers LED lighting, an ESFR sprinkler system, a clear height of 36 feet, cross-dock loading and build-to-suit office space. John Sharpe and Tom Boyle of Lee & Associates, along with Terry McMahon and Cody Ziegler of Cushman & Wakefield | Boerke, will market the property for lease. Existing tenants at Enterprise Business Park include Amazon, Fresenius USA Manufacturing, Andis Co. and Brown West Logistics.

January 26, 2021

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