Industrial

JLL Brokers $8.7M Sale of Roundy’s Supermarket-Occupied Distribution Center in Wisconsin

by Kristin Harlow December 1, 2020

MAZOMANIE, WIS. — JLL Capital Markets has brokered the $8.7 million sale of a 225,000-square-foot warehouse and distribution center net leased to Roundy’s Supermarket in the suburban Madison community of Mazomanie. Roundy’s is a wholly owned subsidiary of Kroger that operates more than 150 grocery stores throughout Wisconsin and Illinois. The company has used this facility to store dry goods for its stores since 1989. The property features a clear height of 32 feet and 24 dock-high doors. It sits on 31.7 acres at 400 Walter Road. Alex Sharrin, Alex Geanakos, Larry Kilduff and Michael George of JLL represented the seller, Dallas-based Ramrock Real Estate LLC. Maxx Carney and Alejandro Ramirez of JLL arranged a $5.2 million acquisition loan on behalf of the undisclosed buyer. A CMBS lender provided the 10-year, fixed-rate loan.

December 1, 2020

Acquisitions Industrial New Mexico Self-Storage Western

LeClaire-Schlosser Group Brokers Sale of Climate-Controlled Storage Facility in Albuquerque

by Amy Works December 1, 2020

ALBUQUERQUE — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of Storage Bank, a self-storage facility located on San Pedro Boulevard in Albuquerque. A local limited liability company sold the asset to a national self-storage operator for an undisclosed price. The two-story, climate-controlled facility features a 24-hour surveillance system monitoring all entrances, two loading areas at the rear of the property, a commercial lift to access the second floor and an on-site manager’s apartment. Additionally, the asset features a ground-level retail space that a packing and shipping business occupies. Thomas Parsons, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller in the deal.

December 1, 2020

Acquisitions Industrial North Carolina Southeast

JLL Negotiates $201M Sale of Industrial Park in Charlotte

by Alex Tostado November 30, 2020

CHARLOTTE, N.C. — JLL has negotiated the sale of Metrolina Park, a 1.9 million-square-foot industrial campus in Charlotte’s Henderson Circle district. The sales price was not disclosed but multiple news outlets reported the eight-building business park traded for $201 million. The seller, Beacon Partners, developed the asset, which is situated on 163 acres along Statesville Road, less than one mile from Interstate 77 and six miles north of downtown Charlotte. Pete Pittroff, Patrick Nally, Travis Anderson, Jody Thornton and Dave Andrews of JLL represented the seller in the transaction. New York-based Clarion Partners acquired the asset.

November 30, 2020

Industrial Leasing Activity New Jersey Northeast

Legacy Cos. Signs 78,585 SF Industrial Lease in Hamilton Township, New Jersey

by Taylor Williams November 30, 2020

HAMILTON TOWNSHIP, N.J. — The Legacy Companies, a Florida-based food manufacturing and consumer appliance provider, has signed a 78,585-square-foot industrial lease at 2555 Kuser Road in the Northern New Jersey township of Hamilton. Ken Morris of Morris Southeast Group and Mike Witco of Chilmark Real Estate Services LLC represented the tenant in the lease negotiations. Scannell Properties owns the building.

November 30, 2020

Acquisitions Industrial Washington Western

CenterPoint Adds 126,000 SF Last-Mile Industrial Facility to Its Seattle-Area Portfolio

by Amy Works November 30, 2020

AUBURN, WASH. — CenterPoint has acquired an industrial property located at 1701 Pike Street in Auburn. Terms of the transaction were not released. Located approximately 15 miles from Seattle-Tacoma International Airport and the Port of Tacoma, the 126,000-square-foot property features 26-foot clear heights, 20 dock-high loading positions and three points of access. CenterPoint plans to make the property available for lease after a full repositioning, including an office refresh. The building is currently occupied under a short-term lease that expires in December 2021. Tony Miltenberger and Matt Wood of KBC Advisors and Matt Murray of Kidder Mathews brokered the transaction and will market the property as available for lease.

November 30, 2020

Acquisitions Industrial Southeast Virginia

Phoenix Investors Acquires 760,000 SF Industrial Plant in Lynchburg, Virginia

by Alex Tostado November 25, 2020

LYNCHBURG, VA. — Phoenix Investors has acquired the former LSC Communications Printing Co. Inc. plant in Lynchburg. The 760,000-square-foot property is situated on 50 acres at 4201 Murray Place. The asset features 32 dock doors, 62 slots for trailer storage, 523 passenger parking spots, eight drive-in doors and two interior rail spurs supported by Norfolk Southern. The property has sat vacant since LSC filed for Chapter 11 bankruptcy after the U.S. Department of Justice blocked a proposed merger with Quad Graphics. Daniel Knopf and Armando Nuñez of CBRE represented the buyer in the transaction. LSC sold the asset for an undisclosed price. Milwaukee-based Phoenix Investors also acquired a 1 million-square-foot former tire plant of Titan International Inc. in Brownsville, Texas.

November 25, 2020

Acquisitions Industrial NAI Texas

NAI Partners Brokers Sale of 50,000 SF Industrial Building in South Austin

by Taylor Williams November 25, 2020

AUSTIN, TEXAS — NAI Partners has brokered the sale of a 50,000-square-foot industrial building located at 4401 Supply Court in South Austin. Troy Martin of NAI Partners represented the buyer, CKD USA, the U.S. subsidiary of Japanese machine manufacturing firm CKD Corp. Joe Novek and Darryl Dadon of CBRE represented the seller. The new ownership plans to invest about $13 million in revamping the facility, which is expected to be operational in fall 2021 and bring about 70 new jobs to the area.

November 25, 2020

Acquisitions Industrial Midwest Missouri

Bass Pro Shops to Expand Boat Manufacturing Division with Purchase of 101,250 SF Building in Missouri

by Kristin Harlow November 25, 2020

BOLIVAR, MO. — White River Marine Group, which is owned by Bass Pro Shops, has purchased a 101,250-square-foot industrial building situated on 42 acres in Bolivar, about 30 miles north of Springfield. The purchase price was undisclosed. Todd Chambers of Chambers Real Estate Services LLC represented the undisclosed seller. The purchase will double the manufacturing capabilities for Bass in Bolivar where Tracker Boats are built. The company plans to add 300 jobs at the new property.

November 25, 2020

Acquisitions Industrial Northeast Pennsylvania

CBRE Global Investors Acquires 832,000 SF Industrial Facility in Myerstown, Pennsylvania

by Taylor Williams November 25, 2020

MYERSTOWN, PA. — A fund sponsored by CBRE Global Investors has acquired an 832,000-square-foot industrial facility located at 53 Central Blvd. in Myerstown, a city located within Lebanon County. The cross-dock building, which was acquired as part of a 1.4 million-square-foot portfolio sale, is situated on 72.8 acres and features 36-foot clear heights, 190-foot truck court depths and an ESFR sprinkler system. Michael Hines, Brian Fiumara, Brad Ruppel and Lauren Dawicki of CBRE marketed the facility and negotiated the terms of sale on behalf of the undisclosed seller.

November 25, 2020

Acquisitions Industrial New York Northeast

Stan Johnson Brokers $9.2M Sale of Industrial Building Leased to FedEx Freight in Syracuse

by Taylor Williams November 25, 2020

SYRACUSE, N.Y. — Stan Johnson Co. has brokered the $9.2 million sale of a 33,304-square-foot industrial building leased to FedEx Freight in Syracuse. The 26-acre property was constructed as a build-to-suit the city’s east side in 2009. Erik Lundberg of Stan Johnson Co. represented the seller, a Pennsylvania-based private investor, in the transaction. Jerry Hopkins of Newmark represented the buyer, a California-based 1031 exchange investor.

November 25, 2020

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