Industrial

Cushman & Wakefield Arranges Sale of 588,249 SF Distribution Center in Jacksonville

by Alex Tostado January 5, 2021

JACKSONVILLE, FLA. — Cushman & Wakefield has arranged the sale of Fanatics E-Commerce Center, a two-building distribution center in Jacksonville. The property comprises a 560,688-square-foot building leased to Fanatics, a sports apparel and memorabilia company, and a 27,579-square-foot outparcel leased to Conlan Tire. Mike Davis, Rick Colon, Rick Brugge, Karl Johnston, Dominic Montazemi, Tyler Newman, Jacob Horsley, Zachary Eicholtz, Mark Hardee and Jordan Stenholm of Cushman & Wakefield represented the seller, IP Capital Partners, in the transaction. DRA Advisors acquired the asset for an undisclosed price. The two buildings combine to offer clear heights ranging from 20 to 30 feet, 52 dock-high entrances, 447 parking spaces and 46 trailer parking spaces. The property spans 28 acres and is situated at 5245 Commonwealth Ave., three miles north of the Interstate 10-295 interchange and 16 miles south of Jacksonville International Airport.

January 5, 2021

Acquisitions Industrial NAI Office Texas

NAI Robert Lynn Arranges Sale of 56,000 SF Industrial, Office Building in Metro Dallas

by Taylor Williams January 4, 2021

ADDISON, TEXAS — NAI Robert Lynn has arranged the sale of Inwood Soccer Center, a 56,000-square-foot industrial and office building in the northern Dallas metro of Addison. The buyer, Cherry Coatings, will occupy the building as its new headquarters and retrofit the property to house 75 corporate employees, as well as a large warehouse with loading docks. Chad Albert of NAI Robert Lynn represented Cherry Coatings, which plans to relocate to the property from nearby Carrollton this year, in the deal. The seller was not disclosed.

January 4, 2021

Illinois Industrial Leasing Activity Lee & Associates Midwest

Lee & Associates Negotiates 500,000 SF Industrial Lease in Wilmington, Illinois

by Kristin Harlow January 4, 2021

WILMINGTON, ILL. — Lee & Associates has negotiated a 500,000-square-foot, full-building industrial lease at 30260 Graaskamp Blvd. in Wilmington, about 60 miles southwest of Chicago. The new building is part of the Elion Logistics Park 55 in Will County. Walter Murhpy of Lee & Associates represented the tenant, Dynamic 3PL. Jeffrey Kapcheck and Jason Lev of CBRE represented the owner and developer, Elion Logistics Partners.

January 4, 2021

Acquisitions Indiana Industrial Midwest

Sansone Sells 424,849 SF Industrial Facility in Indianapolis

by Kristin Harlow January 4, 2021

INDIANAPOLIS — Sansone Group and its joint venture partner Centersquare Investment Management have sold a 424,849-square-foot industrial facility in Indianapolis for an undisclosed price. Conrad Jacobs and Matt Kiger of Newmark assisted in the lease-up of the previously vacant property. Located at 7520 Georgetown Road, the property is now fully leased to Blue Marble Productions and DXL. The buyer was not disclosed.

January 4, 2021

Acquisitions Illinois Industrial Midwest

Colliers Brokers Sale of 99,076 SF Industrial Building in Franklin Park, Illinois

by Kristin Harlow January 4, 2021

FRANKLIN PARK, ILL. — Colliers International has brokered the sale of a recently built, 99,076-square-foot industrial building in Franklin Park for an undisclosed price. Located at 9300 King Ave., the property was built on a speculative basis and has not yet been leased. Jeff Devine, Steve Disse and Tom Rodeno of Colliers represented the sellers, Clarius Partners and Wanxiang America Real Estate Group. The buyer, Brookfield Property Group, has retained Colliers to serve as leasing agent for the building.

January 4, 2021

Development Industrial Louisiana Southeast

Amazon Chooses Carencro as Site for First Fulfillment Center in Louisiana

by Alex Tostado January 4, 2021

CARENCRO, LA. — Amazon has chosen Carencro for a new $100 million fulfillment center, its first in the state of Louisiana. The Seattle-based e-commerce giant currently operates three delivery centers and seven Whole Foods stores in the state. The property is expected to house 500 full-time employees upon completion, which is slated for the end of 2021. The asset will be situated in Lafayette Parish at the former site of the original Evangeline Downs Casino and Racetrack, near Interstates 49 and 10. Employees at the fulfillment center will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipment and rugs. Amazon expects the facility to span 1 million square feet.

January 4, 2021

Acquisitions Industrial Maryland Office Southeast

Edge Brokers $15.7M Sale of Flex Building in Metro D.C.

by Alex Tostado January 4, 2021

LAUREL, MD. — Edge has brokered the $15.7 million sale of a 106,000-square-foot flex warehouse and office building in Laurel. The building was constructed in 1984 as the headquarters for Ritz Camera, which filed for bankruptcy in 2012. Earlier this year, Edge brokered a 37,000-square-foot lease at the property for Advanced Collision, an auto body repair shop. Other tenants at the time of sale included Rolling Green Landscaping and Sans Institute. Edge handled leasing activities on behalf of the seller, an affiliate of Bethesda, Md.-based Bristol Capital Corp., since 2016. The building is located 17 miles northeast of downtown Washington, D.C. Joe Friedman, Kenneth Fellows and Rob Pugh of Edge represented the seller in the transaction. The team also procured the buyer, an undisclosed 1031 exchange investor that Mid-Pacific Advisors represented in the sale.

January 4, 2021

Development Industrial Leasing Activity Lee & Associates North Carolina Southeast

Collett Industrial Breaks Ground on 90,720 SF Industrial Facility Near Asheville

by Alex Tostado December 23, 2020

MILLS RIVER, N.C. — Collett Industrial has broken ground on a 90,720-square-foot logistics facility in Mills River. The property is being built on a build-to-suit basis for an undisclosed Fortune 500 retailer. ABC 13 News reports the site is located on School House Road, five miles from Interstate 26 and six miles from Asheville Regional Airport. Randall Bentley and Jordan Skellie of Lee & Associates secured the lease on behalf of the developer. Vannoy Construction is the general contractor for the asset, which is expected to deliver in summer 2021.

December 23, 2020

Development Industrial Texas

Amazon to Open Three Industrial Facilities Totaling 2.1 MSF in San Antonio by 2022, Create 1,500 Jobs

by Taylor Williams December 23, 2020

SAN ANTONIO — Amazon (NASDAQ: AMZN) will open three industrial facilities totaling 2.1 million square feet in the San Antonio area over the next two years. Combined, the three new facilities are expected to bring about 1,500 new jobs to the market. The Seattle-based e-commerce giant will open a 1 million-square-foot fulfillment center in 2021 and a 750,000-square-foot fulfillment center in 2022, as well as a 350,000-square-foot delivery station at 8210 Aviation Landing. After items are sorted and at fulfillment centers, they are transported to delivery stations for last-mile distribution to customers. The developers and sites of the fulfillment centers were not disclosed.

December 23, 2020

Development Industrial Midwest South Dakota

Amazon to Build First Fulfillment Center in South Dakota

by Kristin Harlow December 23, 2020

SIOUX FALLS, S.D. — Amazon.com Inc. has unveiled plans to open its first fulfillment center in the state of South Dakota. The 640,000-square-foot development will be located in Sioux Falls and is expected to open in 2022. Amazon expects to create 1,000 full-time jobs at the facility. Employees will work alongside Amazon robotics to pick, pack and ship small items to customers such as books, electronics and toys. Since 2010, Amazon has invested more than $1 million in South Dakota, including infrastructure and compensation to employees in the state.

December 23, 2020

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