Industrial

East-Gate-Logistics-Center-Forney-Texas

FORNEY, TEXAS — A partnership between Atlanta-based Seefried Industrial Properties and San Antonio-based USAA Real Estate will develop East Gate Logistics Center, an approximately 1.3 million-square-foot industrial project that will be located in the eastern Dallas suburb of Forney. Building features will include 40-foot clear heights, abundant car and trailer parking and an ESFR sprinkler system. Construction is slated to begin in the first quarter of next year and to be complete in mid-2023. The new facility will be the largest of its kind in the history of the Dallas-Fort Worth metroplex, according to the development team. KBC Advisors is marketing the property for lease.

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MORTON GROVE, ILL. — Dayton Street Partners has sold a 208,000-square-foot distribution center in Morton Grove, about 16 miles northwest of Chicago. The sales price was undisclosed. The property, located at 6123 Monroe Court, features a clear height of 28 feet, 17 loading docks, three drive-in doors, parking for 150 cars and 1.5 acres of trailer parking. The facility was fully leased at the time of sale to five tenants. Dayton Street acquired the asset in 2016 and updated its façade, repaved the parking lots, installed a new roof and added new signage. Michael Caprile, Zach Graham and Ryan Bain of CBRE represented Dayton Street in the sale. Brookfield Property Group was the buyer.

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JANESVILLE, WIS. — Coldwell Banker Commercial has arranged the $12.1 million sale of a 150,000-square-foot industrial building in Janesville, about 75 miles southwest of Milwaukee. Built in 2016 and located at 4260 Capital Circle, the property features a clear height of 30 feet, 12 exterior docks and two drive-in doors. The tenant, IPM Foods, completed a lease renewal and expansion earlier this year. Following the expansion of warehouse space and a freezer, the building will measure 170,000 square feet. Bill Mears and Adam Schultz of Coldwell Banker Commercial McGuire Mears & Associates represented the seller, Badger Property Investments. The buyer was not provided.

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PLAINFIELD, IND. — Omada Worldwide Expedite Inc., an independent family-owned transportation company, has expanded its industrial lease to 42,497 square feet at Gateway Business Park in Plainfield near Indianapolis. Omada previously occupied 12,000 square feet at the property, which is owned by Chicago-based HSA Commercial Real Estate. Ryan Kelly of Colliers represented the tenant, while Terry Busch and Jared Scaringe of CBRE represented ownership.

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SOUTH HACKENSACK, N.J. — Metro Philadelphia-based investment firm Seagis Property Group has acquired a 63,000-square-foot warehouse in South Hackensack, located outside of New York City in the Meadowlands submarket. The property was fully leased at the time of sale. The seller and sales price were not disclosed. The deal increases the size of Seagis Property Group’s New Jersey portfolio to 33 buildings totaling 5.2 million square feet.

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Union Cross Distribution Center

WINSTON-SALEM, N.C. — Dalfen Industrial has acquired Union Cross Distribution Center, a 304,200-square-foot industrial property in Winston-Salem. The sales price and seller were not disclosed. The building was fully leased at the time of sale. Built in 2006, Union Cross Distribution Center is located one mile off Interstate 74 with convenient access to Interstates 40 and 85. This location provides a last-mile distribution opportunity within North Carolina’s Triad region to reach Winston-Salem, Greensboro and High Point’s population base. Other tenants nearby include FedEx, Amazon, Caterpillar, Proctor & Gamble and PepsiCo.

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McLane Distribution Center

LAKELAND, FLA. — Cushman & Wakefield has arranged the sale of McLane Distribution Center, a 211,113-square-foot distribution center located in Lakeland. The property is fully leased to the McLane Co. Inc., a supply chain services company. Mike Davis, Rick Brugge, Rick Colon, Zachary Eicholtz, Chloe Strada and Dominic Montazemi of Cushman & Wakefield represented the seller, Morris Realty Co., in the transaction. New York-based Brookfield Properties acquired the building for $27.3 million. Located at 2929 Old Tampa Highway, the McLane Distribution Center is situated 30.6 miles east of Tampa and 58.3 miles west of Orlando. The property is also 3.4 miles from downtown Lakeland, and is situated near retailers such as Lakeland-based Publix, Silver Moon Swap Shop Flea Market and a Shell gas station. Built in 1973, the building includes clear heights up to 28 feet, 35-foot x 40-foot column spacing and ample dock-high loading.

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GOODYEAR, ARIZ. — CIM Group has purchased Goodyear Airport 85, a recently completed industrial building adjacent to the Phoenix Goodyear Airport in Goodyear. Terms of the transaction were not released. Located at 1685 S. Litchfield Road, the 276,183-square-foot Goodyear Airport 85 is a rear-load industrial facility with 36-foot clear heights, 48 exterior dock doors and ample car, trailer and bicycle parking.

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OMAHA, NEB. — Investors Realty has brokered the sale of a two-building industrial portfolio in Omaha for $8.5 million. The two adjacent buildings total 99,616 square feet and are located at the corner of 136th Street and Cornhusker Road. Ember Grummons of Investors Realty represented the buyer, STAG Industrial Holdings LLC. Joe Kutilek of Magnum Realty Inc. represented the seller, K & J Investments LLC.

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3747-Hecktown-Road-Easton-Pennsylvania

EASTON, PA. — Global logistics operator Realterm has acquired a 307,290-square-foot warehouse that is located at 3747 Hecktown Road in the Lehigh Valley city of Easton. Built on 28.5 acres in 1986 and expanded in 2017, the single-tenant property features 32 loading positions, 56 trailer parking stalls, 370 car parking spaces and 4,800 square feet of freezer space. The property was fully leased at the time of sale. John Plower, Ryan Cottone, Zach Maguire and Jeff Lockard of JLL brokered the deal on behalf of Realterm. The seller was not disclosed.

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