GALESBURG, ILL. — Corteva Agriscience has leased 300,000 square feet at a former Maytag facility located at 1801 Monmouth Blvd. in Galesburg, about 45 miles northwest of Peoria. Corteva is an agricultural chemical and seed company. Phoenix Investors owns the building, which has been vacant since Maytag closed the plant over a decade ago. Phoenix purchased the facility in June 2019. Corteva will take occupancy this fall once renovations are completed.
HOUSTON — Lee & Associates has brokered the sale of a 158,700-square-foot industrial campus located at 6500 Brittmoore Road in northwest Houston. The campus consists of eight buildings on 13 acres. Robert McGee, Thomas Leger and Chase Cribbs of Lee & Associates represented the buyer, privately held development firm Adkisson Group, in the transaction. The seller and sales price were not disclosed. Lee & Associates will also be marketing the property for lease.
PHOENIX — Empire Metal Products Inc. has leased a 42,000-square-foot industrial building in Phoenix. David Wilson and Carter Wilson of DAUM Commercial Real Estate Services negotiated the 10-year lease on behalf of the tenant and the landlord, a private investor. Empire, a metal production company specializing in sheet metal, stainless steel, aluminum and copper, is relocating and expanding from its current Phoenix headquarters. Empire’s new facility sits on 2.2 acres at 2362 W. Shangri-la Road within the Metro Industrial Center. The fully air-conditioned building features a clear height of 18 feet and 125 car parking spaces.
MANSFIELD AND GRAND PRAIRIE, TEXAS — Americold Realty Trust (NYSE: COLD), a publicly traded REIT specializing in cold storage properties, has acquired two facilities operated by AM-C Warehouses in the Dallas-Fort Worth (DFW) metros of Mansfield and Grand Prairie for a combined $82.5 million. The facilities feature a combined 13.8 million cubic feet and 45,000 pallet positions. Atlanta-based Americold Realty Trust will invest $2.5 million in capital improvements to the properties.
IRVING, TEXAS — Lee & Associates has negotiated a 375,000-square-foot industrial lease for meal kit provider HelloFresh at 2700 Market St. in Irving. The newly built facility, which is located within Gateway Logistics Center, will function as the company’s largest distribution center. Trey Fricke and Reid Bassinger of Lee & Associates’ DFW office, along with Dennis Smeck and Justin Myers of the firm’s New York City office, represented HelloFresh in the lease negotiations. Mark Hayes of HPI Real Estate Services & Investments represented the landlord. HelloFresh expects to take occupancy of the facility in March 2021.
EL PASO, TEXAS — Dallas-based investment firm Sealy & Co. has acquired two light industrial buildings totaling 131,616 square feet in El Paso. The seller was California-based Hager Pacific Properties. The properties are located adjacent to El Paso International Airport, about three miles from Interstate 10. Jason Gandy and Davis Gibbs handled the transaction for Sealy & Co. on an internal basis with assistance from CBRE’s Randy Baird.
MT. JULIET, TENN. — JLL has negotiated the $30.9 million sale of 245 Couchville Industrial, a fully leased, 709,652-square-foot industrial property in Mt. Juliet. The property is 67 percent leased to ElectroluxNorth America Inc., a subsidiary of Electrolux AB. The other tenant was not disclosed. The asset is situated on nearly 44 acres at 245 Couchville Industrial Blvd., 30 miles east of downtown Nashville and 22 miles east of Nashville International Airport. Britton Burdette, Pete Pittroff, Matt Wirth, Dennis Mitchell, Jim Rodrigues, Mitchell Townsend and Perry Wolcott of JLL represented the seller, a joint venture between Sansone Group and Fortress Investment Group. Dallas-based Westmount Realty Capital LLC acquired the facility.
WATERBURY, CONN. — Locally based brokerage firm R. Calabrese Agency LLC has arranged the sale of a 24,000-square-foot warehouse and manufacturing building in Waterbury, located north of New Haven. New York-based investment firm Turnpike Drive LLC purchased the asset for $1.2 million. The seller was 715 Straits Turnpike LLC. Bob Bowden of R. Calabrese represented both parties in the transaction.
TAMPA, FLA. — Americold Realty Trust has acquired a 3.2 million-cubic-foot cold storage facility in Tampa for $25 million in an all-cash deal. The Atlanta-based refrigerated real estate owner and operator expects to implement $500,000 in capital expenditures. The facility features 12,400 pallet positions, as well as blast-freezing capabilities. The property will offer support to two Americold facilities in nearby Plant City and Bartow, Fla. The seller was not disclosed.
NORCROSS, GA. — Cushman & Wakefield has arranged the $126.6 million sale of Gwinnett Commons, a 16-building light industrial park in Norcross. The property comprises 1.2 million square feet and is situated at 1790 Corporate Drive, 22 miles northeast of downtown Atlanta and one mile from Interstate 85. At the time of sale, the property was 97 percent leased. Gwinnett Commons also includes two development sites that can accommodate 195,000 square feet of warehouse space. Stewart Calhoun and Casey Masters of Cushman & Wakefield represented the seller, a partnership between affiliates of Westmount Realty Capital and Quilvest Capital Partners, in the transaction. Brian Linnihan and Mike Ryan of Cushman & Wakefield arranged acquisition financing on behalf of the buyer, Irvine, Calif.-based CIP Real Estate.