Industrial

Dalfen Industrial Acquires 1 MSF Mark IV Commerce Center in Fort Worth

by Taylor Williams October 13, 2020

FORT WORTH, TEXAS — Dalfen Industrial has acquired Mark IV Commerce Center, a 1 million-square-foot industrial property located near Interstates 35 and 820 in the Alliance area of Fort Worth. The newly built, Class A development consists of three buildings in front-load and cross-dock configurations and ESFR sprinkler systems. AER Manufacturing recently signed an 80,660-square-foot lease to become the development’s inaugural tenant. The Dallas Business Journal reports that the seller was Crow Holdings Industrial.

October 13, 2020

Industrial Leasing Activity Texas

APL Logistics Signs 121,400 SF Industrial Lease Near DFW Airport in Irving

by Taylor Williams October 13, 2020

IRVING, TEXAS — APL Logistics Warehouse Management Services, a third-party logistics firm based in Singapore, has signed a 121,400-square-foot industrial lease at Passport Logistics Center, located near DFW International Airport in Irving. Blake Kendrick, Sarah Ozanne and Charles Brewer of Stream Realty Partners represented the landlord, Brookfield Properties, in the lease negotiations. Mohr Partners represented the tenant.

October 13, 2020

Acquisitions Industrial Northeast Pennsylvania

Binswanger Brokers Sale of 151,220 SF Industrial Building Near Philadelphia

by Taylor Williams October 13, 2020

CHALFONT, PA. — Binswanger has brokered the sale of a 151,220-square-foot industrial building located at 90 Hamilton St. in Chalfont, about 30 miles north of Philadelphia. The sales price was approximately $6 million. The property sits on 13.7 acres and features 23-foot clear heights and 6,000 square feet of office space. Chris Pennington and Tim Pennington of Binswanger represented the seller, specialty gifts maker Harriet Carter, in the transaction. The buyer was not disclosed.

October 13, 2020

Industrial Leasing Activity New Jersey Northeast

NKF Negotiates 65,000 SF Industrial Lease Renewal in Pine Brook, New Jersey

by Taylor Williams October 13, 2020

PINE BROOK, N.J. — Newmark Knight Frank (NKF) has negotiated a 65,000-square-foot industrial lease renewal at 19 Chapin Road in Pine Brook, about 30 miles west of New York City. The property offers 20- to 22-foot clear heights, 76 dock-high doors and ample car parking space. Kevin Murphy and Trevor Patterson of NKF represented the tenant, global manufacturer Doosan Machine Tools, in the lease negotiations. The landlord, Cohen Asset Management, was represented internally.

October 13, 2020

Industrial Leasing Activity Midwest Ohio

Third-Party Logistics Provider Signs 80,000 SF Industrial Lease in Akron, Ohio

by Kristin Harlow October 13, 2020

AKRON, OHIO — ASW Supply Chain Services LLC has signed an 80,000-square-foot industrial lease at 3111 Gilchrist Road in Akron. The supply chain management company provides integrated warehousing, distribution, fulfillment, asset management and transportation services. Bill Sadataki of NAI Pleasant Valley represented the landlord, Raith Capital Partners LLC.

October 13, 2020

Illinois Industrial Leasing Activity Midwest

Foxtrot Ventures Leases 13,000 SF at The Glass Factory in Chicago

by Kristin Harlow October 13, 2020

CHICAGO — Foxtrot Ventures, a food delivery company, has leased 13,000 square feet at The Glass Factory in Chicago’s East Pilsen. Foxtrot will operate a commissary kitchen at the site in order to serve its eight convenience stores throughout Chicago. Commissary kitchens enable foodservice providers to prepare and store food without having to own and maintain the facilities themselves. Brent Burden of Jameson Commercial represented ownership of The Glass Factory. Andrew Becker and Michael Wexler of Canvas Real Estate Collective represented Foxtrot. Located at 900 W. Cermak Road, The Glass Factory is a former glass manufacturing facility. It is currently undergoing renovations and will ultimately consist of four buildings of office and industrial space.

October 13, 2020

Acquisitions Company News Georgia Industrial Southeast Top Stories

Americold Acquires Cold Storage Owner Agro Merchants Group for $1.7B

by John Nelson October 13, 2020

ATLANTA AND SCHIPHOL, NETHERLANDS — Americold Realty Trust (NYSE: COLD) has agreed to acquire Agro Merchants Group, a privately held cold storage warehouse owner based in The Netherlands, for $1.74 billion. Atlanta-based Americold entered into the agreement with Agro Merchants’ owner, an investor group led by funds managed by Los Angeles-based Oaktree Capital Management LP. The move will give Americold its first cold storage properties in Europe. Agro Merchants, which has its North American headquarters in Alpharetta, Ga., owns and operates 46 cold storage properties in 10 countries. The company is the fourth largest cold storage owner in the United States and third largest in Europe. Agro Merchants serves more than 2,900 customers across multiple industries. “We are confident that by joining Americold, we will accelerate our growth and by combining our complementary networks, we will be able to provide a more comprehensive range of solutions to customers around the world,” says Carlos Rodriguez, CEO of Agro Merchants. Americold is the only publicly traded REIT specializing in cold storage, which is seeing an influx of investment and leasing demand since the onset of the pandemic. According to a June report from Vyzn Research, the global cold storage sector is estimated …

October 13, 2020

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Negotiates Sale of 562,758 SF Industrial Facility in Metro Orlando

by Alex Tostado October 12, 2020

LAKE MARY, FLA. — Cushman & Wakefield has negotiated the sale of Innovation Center at Lake Mary, a 562,758-square-foot industrial facility in Lake Mary. The property is located at 2452 Lake Emma Road, 18 miles north of downtown Orlando and three miles from Interstate 4. The asset features 28-foot clear heights, ESFR sprinklers, 50 dock-high doors and a 50-slip trailer parking lot. Innovation Center was 97 percent leased at the time of sale to tenants including recycling center A1 Assets Inc., Alliance Building Material Supply, Orlando Wedding & Party Rentals and Dream Maker Spas. Mike Davis, Rick Brugge, Rick Colon, Dominic Montazemi, Zachary Eicholtz, Ryan Jenkins, David Perez and Jared Bonshire of Cushman & Wakefield represented the seller, a partnership between IP Capital Partners and Blue Vista Capital Management, in the transaction. ATCAP Partners acquired the asset. Jason Hochman and Mike Ciadella of Cushman & Wakefield arranged acquisition financing on behalf of the buyer. Terms of the loan and the sale were not disclosed.

October 12, 2020

Industrial Leasing Activity Southeast Virginia

Divaris Real Estate Arranges 60,262 SF Warehouse Lease in Virginia Beach

by Alex Tostado October 12, 2020

VIRGINIA BEACH, VA. — Divaris Real Estate has arranged a 60,262-square-foot warehouse lease for Adsync Technologies in Virginia Beach. The property is located at 5909 Thurston Ave., 10 miles west of the Virginia Ports Authority. Other tenants at the facility include Auto Glass Fitters, W&O Supply and Mygrant Glass Co. Krista Costa and Nicole Campbell of Divaris represented the tenant in the lease negotiations. The landlord was not disclosed.

October 12, 2020

Acquisitions Industrial Massachusetts Northeast

Cabot, Cabot & Forbes Acquires Industrial Flex Property in Cambridge for $49.6M

by Taylor Williams October 12, 2020

CAMBRIDGE, MASS. — Locally based developer Cabot, Cabot & Forbes has acquired a 66,964-square-foot industrial flex property located at 67 Smith Place in Cambridge for $49.6 million. The site is adjacent to The Quad, the firm’s master-planned development that includes 485 multifamily units, 60,000 square feet of retail space and 575,000 square feet of lab space. Cabot, Cabot & Forbes raised $21 million on CrowdStreet to help fund the acquisition and will implement a capital improvement program.

October 12, 2020

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