Industrial

Duke Realty Secures 178,984 SF Industrial Lease Expansion, Extension in Coppell, Texas

by Taylor Williams December 21, 2020

COPPELL, TEXAS — Indianapolis-based Duke Realty has secured an industrial lease expansion and extension totaling 178,984 square feet at its Freeport II facility in Coppell, located near DFW International Airport. The lease agreement with Premier LogiTech LLC, which provides logistics solutions for the technology sector, includes an expansion of 110,157 square feet of space plus an extension of the current lease for 68,827 square feet in the same building. Bill de la Chapelle with Rubicon Representation LLC represented Premier LogiTech in the transaction. Matt Hyman handled the negotiations for Duke Realty on an internal basis.

December 21, 2020

Illinois Industrial Leasing Activity Midwest

Entre Commercial Realty Negotiates 137,522 SF Industrial Lease in Elgin, Illinois

by Kristin Harlow December 21, 2020

ELGIN, ILL. — Entre Commercial Realty has negotiated a 137,522-square-foot industrial lease on behalf of an undisclosed plastics company at Northwest Pointe III in Elgin. The newly constructed building is situated within Northwest Corporate Park and features a customized office buildout. Dan Benassi of Entre represented the tenant. Ken Franzese and John Cassidy of Lee & Associates represented ownership, Conor Commercial Real Estate and Globe Corp. McShane Construction Co. built the building.

December 21, 2020

Illinois Industrial Loans Midwest Self-Storage

Mag Mile Capital Arranges $7M Refinancing for Self-Storage Facility in Cicero, Illinois

by Kristin Harlow December 21, 2020

CICERO, ILL. — Mag Mile Capital has arranged a $7 million loan for the refinancing of a 997-unit self-storage facility in Cicero, a southwest suburb of Chicago. Located at 1331 S. 55th Court, the property spans 87,000 square feet. The family-owned property was recently rebranded as an Extra Space facility and will undergo improvements such as a new parking area. Prabhat Jayara and Heather Madsen of Mag Mile arranged the 36-month loan on behalf of the borrower, JD3 Property. The lender was undisclosed.

December 21, 2020

Acquisitions Industrial NAI Texas

NAI Partners Arranges Sale of 105,664 SF Industrial, Manufacturing Campus in Metro Houston

by Taylor Williams December 21, 2020

PEARLAND, TEXAS — NAI Partners has arranged the sale of a 105,664-square-foot industrial and manufacturing campus located in the southern Houston suburb of Pearland. The property spans three buildings on 32.7 acres. Clay Pritchett and Zane Carman of NAI Partners represented the seller, 14800 Jersey Shore Drive LLC, in the transaction. Matt Rogers of Oxford Partners represented the buyer, BHVA Real Estate Holdings LLC.

December 21, 2020

Acquisitions Industrial Northeast Pennsylvania

Endurance, Thackeray Sell 174,572 SF Industrial Facility in York, Pennsylvania

by Taylor Williams December 21, 2020

YORK, PA. — A partnership between an affiliate of Endurance Real Estate Group and Thackeray Partners has sold a 174,572-square-foot industrial building located at 2075 Loucks Road in York. The sales price was $11.3 million. Built in 1980, expanded in 1986 and renovated in 1996, the building features 18- to 30-foot clear heights and proximity to Interstates 76 and 81. John Plower, Ryan Cottone and Zach Maguire of JLL represented the seller and procured the undisclosed buyer. The property was 100 percent leased to York Wallcoverings at the time of sale.

December 21, 2020

Industrial Leasing Activity Texas

Stream Realty Partners Negotiates 203,040 SF Industrial Lease in Metro Dallas

by Taylor Williams December 18, 2020

MESQUITE, TEXAS — Stream Realty Partners has negotiated a 203,040-square-foot industrial lease at Building 1 at Urban District 30, a roughly 1 million-square-foot industrial development located in the eastern Dallas suburb of Mesquite. Matt Dornak and Drew Feagin of Stream Realty Partners represented the landlord, Urban Logistics Realty, in the lease negotiations. Blake Kendrick and Seth Koschak, also with Stream Realty Partners, represented the tenant, online retailer 1000bulbs.com.

December 18, 2020

Industrial Leasing Activity Texas

PSS Industrial Group Signs 200,824 SF Headquarters Lease in North Houston

by Taylor Williams December 18, 2020

HOUSTON — PSS Industrial Group, a locally based supplier of equipment for the energy sector, has signed a 200,824-square-foot lease at Ella Logistics Center in north Houston for its new headquarters and distribution space. Jeff Venghaus and Richard Quarles of JLL negotiated the lease on behalf of PSS Industrial Group. Laura Denkler and Palmer Letzerich represented the landlord, Hines, on an internal basis.

December 18, 2020

Development Industrial Texas

Cadence McShane Completes 145,222 SF Warehouse Project in Conroe, Texas

by Taylor Williams December 18, 2020

CONROE, TEXAS — General contractor Cadence McShane has completed a 145,222-square-foot warehouse project in Conroe, about 40 miles north of Houston. The project is a build-to-suit for Illinois-based Buske Logistics. Designed by Powers Brown Architecture, the 18-acre property features a rear-load configuration, 39-foot clear heights, 133 car parking spaces and 2,500 square feet of office space.

December 18, 2020

Development Indiana Industrial Midwest

Mohr Capital Completes Development of 200,000 SF Industrial Build-to-Suit for GAF Materials in Indiana

by Kristin Harlow December 18, 2020

MICHIGAN CITY, IND. — Mohr Capital, a Dallas-based privately held real estate investment firm, has completed development of a 200,000-square-foot industrial build-to-suit for GAF Materials Corp. in Michigan City. The property, which sits on 45 acres at 130 Tri Quad Drive, features office, warehouse and concrete storage capacity. GAF, a subsidiary of Standard Industries, is a roofing and waterproofing manufacturer. Larson Danielson served as general contractor. Bank of Texas provided construction financing.

December 18, 2020

Development Industrial South Carolina Southeast

Textile Manufacturer to Invest $100M in Upstate South Carolina to Expand Production Facility

by Alex Tostado December 18, 2020

SIMPSONVILLE, S.C. — Fitesa plans to invest $100 million in and create 40 jobs over the next five years to expand its footprint in Simpsonville. Fitesa was founded in 1973 and designs and manufactures nonwoven fabrics for the hygiene and healthcare industries. The facility is situated at 840 SE Main St., less than one mile from Interstate 385 and 14 miles southeast of downtown Greenville. The expansion will include a new production line that will manufacture materials for the healthcare industry. The expansion is expected to be completed in 2023. The company is headquartered in Brazil and has executive offices in Simpsonville.

December 18, 2020

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