Industrial

Robinson Weeks Breaks Ground on 1.3 MSF Spec Industrial Development Near Atlanta

by Julia Sanders July 16, 2021

FOREST PARK, GA. — Robinson Weeks Partners has broken ground on Gillem 1100 and Gillem 1200, a pair of Class A speculative distribution centers in metro Atlanta totaling nearly 1.3 million square feet. The facilities sit within Gillem Logistics Center in Forest Park. Construction on Gillem 1100 is scheduled to finish in the beginning of 2022, while Gillem 1200 is slated for completion in the second quarter of 2022. The 909,509-square-foot Gillem 1100 will be a cross-dock facility featuring 40-foot clear heights, 300 auto parking spaces, 171 dock high doors and 318 trailer storage spaces. The 377,520-square-foot Gillem 1200 will feature 32-foot clear heights, 267 auto parking spaces, 70 dock high doors and 86 trailer storage spaces. Formerly the Fort Gillem Army Base, Gillem Logistics Center is a 1,168-acre master-planned industrial development featuring more than 8 million square feet of industrial space and 500,000 square feet of mixed-use facilities. The logistics center is approximately 11 miles from Hartsfield-Jackson Atlanta International Airport and houses tenants including Kroger, Cummins, HD Supply, XPO, Kuehne + Nagel and Kalera. Robinson Weeks Partners is an Atlanta-based development and acquisitions firm. The firm was selected to be the master developer for the project in 2007 and …

July 16, 2021

Kval-Titan-Innovation-Business-Park-Hutto

Development Industrial Leasing Activity Texas

Titan Development Launches Phase II of Metro Austin Industrial Park, Signs Kval to 52,500 SF Lease

by Taylor Williams July 16, 2021

HUTTO, TEXAS — Titan Development has launched Phase II of Titan Innovation Business Park, located in the northern Austin suburb of Hutto, with the acquisition of 100 acres that will ultimately be developed into six buildings. Titan has negotiated a 52,500-square-foot build-to-suit lease with Kval Inc., a manufacturer of door machinery, as the inaugural tenant of Phase II. Construction of Kval’s facility, which is expected to bring about 80 new jobs to the area, is scheduled to begin in August and to last about a year. This is the fifth project funded by Titan Development’s Real Estate Fund II, which focuses on investments in the industrial and multifamily spaces.

July 16, 2021

Acquisitions Industrial Kansas Midwest

SparrowHawk Buys 272,882 SF Industrial Building in Shawnee, Kansas

by Kristin Harlow July 16, 2021

SHAWNEE, KAN. — SparrowHawk Real Estate has purchased a 272,882-square-foot industrial building in Shawnee for an undisclosed price. The newly completed property is located within the Heartland Logistics Park at 24525 W. 43rd St. Building features include a clear height of 32 feet, 27 dock doors, parking for 249 cars, parking for 75 trailers and office space. John Stafford and Ed Elder of Colliers International represented the undisclosed seller. The duo will market the building for lease. The transaction marks the second property acquisition in the Kansas City market in the last 90 days for SparrowHawk.

July 16, 2021

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 1,321-Unit Self-Storage Portfolio in Dallas-Fort Worth

by Taylor Williams July 16, 2021

CORINTH AND FORT WORTH, TEXAS — Marcus & Millichap has brokered a portfolio sale comprising two self-storage facilities totaling 1,321 units in the Dallas-Fort Worth metroplex. The portfolio spans 162,960 net rentable square feet. The first property is a 557-unit facility in Corinth, located north of the metroplex, and the second property is a 764-unit facility in Fort Worth. Both properties were built in 2018 and are managed by Extra Space Storage. Brandon Karr of Marcus & Millichap represented the seller and buyer, both of which requested anonymity, in the transaction.

July 16, 2021

Industrial Loans New Jersey Northeast

JLL Arranges $7.2M Loan for Refinancing of Industrial, R&D Building in Edison, New Jersey

by Taylor Williams July 16, 2021

EDISON, N.J. — JLL has arranged a $7.2 million loan for the refinancing of a 63,200-square-foot industrial/research and development building in the Northern New Jersey city of Edison. The property was built in 1970 and features a clear height of 20 feet, three loading docks and both traditional lab and office space. Michael Klein and Max Custer of JLL arranged the five-year, fixed-rate loan through Signature Bank on behalf of the borrower, New York City-based Northpath Investments. The building was fully leased at the time of the loan closing.

July 16, 2021

Acquisitions Industrial Texas

Coldwell Banker Brokers Sale of 138,307 SF Industrial Building in Waco

by Taylor Williams July 15, 2021

WACO, TEXAS — Coldwell Banker Commercial Jim Stewart, Realtors has brokered the sale of a 138,307-square-foot building located within Waco Industrial Park. Bland Cromwell and Jim Stewart of Coldwell Banker represented the seller, Manitou Equipment America, in the transaction. Gregg Glime, also with Coldwell Banker, represented the buyer, Gato Montez, a locally based firm that will also occupy the property. The sales price was not disclosed.

July 15, 2021

California Development Industrial Western

Birtcher Development Breaks Ground on 125-Acre Industrial Campus in California’s Inland Empire

by Amy Works July 15, 2021

CALIMESA, CALIF. — Birtcher Development has broken ground on Birtcher Oak Valley Commerce Center, a 125-acre, ground-up industrial development at Singleton and Roberts roads in Calimesa. Birtcher is developing the project with QuadReal Property Group. Totaling 2.2 million square feet, the development will consist of four Class A industrial buildings offering 40-foot clear heights, flat floor and a minimum of 185-foot truck courts. Completion of the 1.2-million-square-foot first phase is scheduled for second-quarter 2023, with the 1-million-square-foot second phase slated for completion in third-quarter 2023. The project team includes HPA, Proactive Engineering Consultants West, Albert A. Webb Associates, Alta California Geotechnical and Southern California Geotechnical. The site’s previous owner, Oak Valley Development Co., owned the property since 1997 and obtained entitlements for the project in first-quarter 2021. Oak Valley Development Co. will deliver the offsite and road infrastructure for the project in addition to the building pads for Birtcher’s vertical development. Oak Valley Development Co. plans to develop an 80-acre retail center immediately adjacent to Birtcher Oak Valley Commerce Center. Herb Grabell and David Burback of Kidder Mathews and Mike McCrary, Peter McWilliams, Patrick Wood and Scott Coyle of JLL handled the sales transaction.

July 15, 2021

Development Industrial Northeast Pennsylvania

DHL Supply Chain to Open 970,000 SF Distribution Center in Lebanon, Pennsylvania

by Taylor Williams July 15, 2021

LEBANON, PA. — Third-party logistics company DHL Supply Chain will open a 970,000-square-foot distribution center in Lebanon, an eastern suburb of Harrisburg. DHL Supply Chain is both the developer and end user of the project, which will be part of a larger, two-building development. The project is expected to generate $88 million in capital investment for the region and add about 200 jobs to the local economy. Construction of the first facility is expected to begin in mid-July and to be complete in the first quarter of 2022.

July 15, 2021

Industrial Leasing Activity New Jersey Northeast

CBRE Negotiates 607,279 SF Industrial Lease in Phillipsburg, New Jersey

by Taylor Williams July 15, 2021

PHILLIPSBURG, N.J. — CBRE has negotiated a 607,269-square-foot industrial lease in Phillipsburg, located on the New Jersey-Pennsylvania border. The tenant, Italian logistics form OMLog, will occupy space within Building 3 at Bridge Point 78, a 3.9 million-square-foot master-planned development by Bridge Industrial and PGIM Real Estate. Jake Terkanian, Mindy Lissner and Vincent Ranalli of CBRE represented the landlord in the lease negotiations. Kevin Dudley, also with CBRE, represented the tenant.

July 15, 2021

Industrial Leasing Activity New York Northeast

City Lumber Signs 73,000 SF Headquarters Lease in Queens

by Taylor Williams July 15, 2021

NEW YORK CITY — Building materials supplier City Lumber has signed a 73,000-square-foot headquarters lease at 84-00 73rd Ave. in the Glendale area of Queens. The property includes warehouse and office space, as well as 32,500 square feet of outdoor space for additional storage or parking needs. The lease term is 12 years, and the rental rate equates to $23 per square foot. Josh Berger and Alex Lubin of Norman Bobrow & Co. represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

July 15, 2021

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