Industrial

QTS Realty Trust Completes 495,000 SF Expansion of Data Center in Atlanta

by Alex Tostado October 23, 2020

ATLANTA — QTS Realty Trust has completed the expansion of QTS Atlanta-Metro Data Center 2 (DC2), a 495,000-square-foot data center in Atlanta. The facility features 240,000 square feet of data hall space. QTS began the expansion in November 2019. DC2 is situated on QTS’ 95-acre campus and adjacent to Atlanta-Metro Data Center 1 (DC1), four miles northwest of downtown Atlanta. QTS signed two undisclosed tenants for the facility. DC2 supports 72 megawatts of power capacity, bringing the QTS campus to a more than 200-megawatt capacity. At full buildout, QTS expects to support more than 275 megawatts of power capacity.

October 23, 2020

Acquisitions Industrial Texas

A&G Negotiates Bankruptcy Sale of Distribution Center in Jacksonville, Texas, Formerly Leased to Stage Stores

by Taylor Williams October 23, 2020

JACKSONVILLE, TEXAS — New York-based A&G Real Estate Partners has negotiated the court-approved bankruptcy sale of a 435,196-square-foot distribution center in Jacksonville, about 120 miles southeast of Dallas, that was formerly occupied by Houston-based retailer Stage Stores. The property is situated on a 42.5-acre site that includes land for additional expansion. Bradenton-Fla.-based Bealls Inc. acquired the fee interest for the property with a winning bid of $7 million. The sale included the facility’s machinery and equipment, as well as the company’s intellectual property. At the time of its Chapter 11 bankruptcy filing in May, Stage Stores operated 738 department stores and off-price stores under multiple brands such as Palais Royal, Peebles and Goody’s.

October 23, 2020

Illinois Industrial Leasing Activity Midwest

Bestway Transport Signs 67,932 SF Industrial Lease in Wood Dale, Illinois

by Kristin Harlow October 23, 2020

WOOD DALE, ILL. — Bestway Transport Inc. has signed a 67,932-square-foot industrial lease at 888 Central Ave. in Wood Dale. The property is situated near Chicago O’Hare International Airport as well as I-290. Chris Nelson of Lee & Associates represented Bestway Transport, which is a Chicagoland freight shipping and trucking company. Tom Rodeno, Matthew Stauber and Pat Turner of Colliers International represented the landlord, ML Realty Partners.

October 23, 2020

Development Industrial Nevada Western

CapRock Acquires Permit-Ready Site in Northern Las Vegas for 101,332 SF Industrial Development

by Amy Works October 23, 2020

LAS VEGAS — CapRock Partners has purchased a five-acre land site at 3919 E. Cheyenne Ave. in northern Las Vegas for the development of CapRock Point @ Cheyenne, a build-to-suit industrial asset. Terms of the acquisition were not disclosed. The site is permit-ready for the construction of a freestanding, 101,332-square-foot, Class A industrial building, which CapRock plans to deliver within nine months of start of construction. Tenants will have the opportunity to customize building plans for the build-to-suit spaces. Current building plans include the ability to divide the building into two units (45,507 square feet and 55,825 square feet); 13 dock-high doors; two grade-level doors; 30-foot clear heights; more than 100 parking spaces; a 132-foot truck court, including 60-foot truck apron and 53-foot truck circulation area; 2,000 amps, 227/480v, three-phase power; an ESFR sprinkler system; R-19 roof insulation; and build-to-suit office space. Mike Kendall, Gian Bruno, Chris Lane, Paul Sweetland, Jerry Doty and Dan Doherty of Colliers International represented CapRock Partners in the acquisition. Lane, Sweetland, Doty and Doherty are also overseeing leasing for the new facility.

October 23, 2020

California Industrial Leasing Activity Western

UPS, Amazon to Lease Space at Visalia Industrial Park in Central California

by Amy Works October 22, 2020

VISALIA, CALIF. — The City of Visalia and the Visalia Economic Development Corp. have announced two new tenants at the Visalia Industrial Park currently under construction in Visalia. A 425,000-square-foot UPS hub is now complete and construction has begun on a 1.3 million-square-foot distribution center for Amazon. YS Industrial is also developing two 300,000-square-foot speculative facilities adjacent to Millipore Sigma and near VWR (Avantor). Additionally, current tenants — SORMA, California Dairies and Hydrite Chemical Co. — are expanding their footprints at the industrial park.

October 22, 2020

Acquisitions Industrial Midwest Wisconsin

Zilber Acquires 165,000 SF Industrial Building in Metro Milwaukee

by Kristin Harlow October 22, 2020

PEWAUKEE, WIS. — Zilber Property Group has acquired a 165,000-square-foot industrial building in Pewaukee, located about 18 miles west of Milwaukee. The purchase price was undisclosed. The property is situated within a business park less than two miles north of I-94. It is currently vacant. Zilber plans to make various interior and exterior improvements to the building over the coming weeks. Scott Furmanski of CBRE represented the undisclosed seller. He will also market the property for lease on behalf of Zilber.

October 22, 2020

Development Industrial Self-Storage Texas

ARCO/Murray Completes 937-Unit Self-Storage Facility in North Arlington

by Taylor Williams October 22, 2020

ARLINGTON, TEXAS — Dallas-based design/build firm ARCO/Murray has completed a North Arlington Self Storage, a 937-unit facility. Developed by Cogent Capital, the five-story property spans 100,665 gross square feet and includes an interior drive aisle, detached single-story units and a 900-square-foot sales office. Extra Space Storage will manage the property. ARCO/Murray provided complete design-build services including architectural, structural, MEP design, permitting and construction.

October 22, 2020

Industrial Leasing Activity Texas

DXP Enterprises Signs 104,902 SF Industrial Lease Renewal in Dallas

by Taylor Williams October 22, 2020

DALLAS — DXP Enterprises, a distributor of repair and maintenance products for several industries, has signed a 104,902-square-foot industrial lease renewal at Building A of Pinnacle Industrial Center in Dallas. Jason Moser of Stream Realty Partners represented the tenant in the lease negotiations. NAI Robert Lynn represented the landlord, Pinnacle A LLC.

October 22, 2020

Georgia Industrial Leasing Activity Southeast

Chesterfield, Stonemont Financial Sign Bicycle Manufacturer to 1.1 MSF Industrial Lease Near Port of Savannah

by Alex Tostado October 22, 2020

RINCON, GA. — Chesterfield and development partner Stonemont Financial have signed Pacific Cycle Inc. to a 1.1 million-square-foot industrial lease within Georgia International Trade Center in Rincon. Pacific Cycle is the parent company of bicycle brands including Schwinn, Mongoose and Kid Trax. The tenant fully occupies Building 2B of the property, which is situated at 2004 Trade Center Parkway, 16 miles from the Port of Savannah. Chesterfield and Stonemont recently delivered Phase I of Georgia International Trade Center, which comprises four buildings totaling 2.4 million square feet. Building 2B is the largest facility in Phase I. The developers are underway on Phase II, which will comprise three buildings spanning nearly 2 million square feet.

October 22, 2020

3419-Ritner-Highway-Newville-Pennsylvania

Acquisitions Industrial Northeast Pennsylvania

Exeter Property Group Buys Distribution Center in Newville, Pennsylvania, for $85M

by Taylor Williams October 22, 2020

NEWVILLE, PA. — Metro Philadelphia-based investment and development firm Exeter Property Group has purchased a 1.2 million-square-foot warehouse and distribution center located at 3419 Ritner Highway in Newville, located west of Harrisburg, for $85 million. The property is situated on 85.3 acres just off Interstate 81 and features a 60-foot loading bay, a 200-foot truck court, 249 automobile parking spaces and 243 trailer parking spaces. Gerry Blinebury, Gary Gabriel and Adam Campbell of Cushman & Wakefield represented the seller, Artemis Real Estate Property, in the transaction. The asset was constructed on a speculative basis and is currently vacant.

October 22, 2020

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