Industrial

Brookwood Properties to Open Three-Story Self-Storage Facility in San Antonio

by John Nelson June 17, 2020

SAN ANTONIO — Brookwood Properties LLC plans to open a three-story self-storage facility located at 4618 San Pedro Ave. in San Antonio this month. The property will span 119,000 square feet and feature 900 controlled-climate units. New York-based self-storage REIT Life Storage will operate the facility. Baton Rouge, La.-based Brookwood Properties broke ground on the building in June 2019. The project team includes Baton Rouge-based general contractor Rosehill Construction and Wichita, Kan.-based architect Kaufman Design Group. The project is the 51st facility in the Brookwood Properties portfolio.

June 17, 2020

Acquisitions California Industrial Mixed-Use Retail Self-Storage Western

Colliers Brokers $7.2M Sale of Big Oaks Center Mixed-Use Property in Northern California

by Amy Works June 17, 2020

CLEAR LAKE OAKS, CALIF. — Colliers International has brokered the sale of Big Oaks Center, a mixed-use property located in Clear Lake Oaks in Northern California. Las Vegas-based Crystal View Capital sold the property to Redding, California-based Berg Family for $7.2 million. Totaling 98,811 square feet, Big Oaks Center features 78,845 square feet of self-storage space, 17,086 square feet of retail space and a 2,880-square-foot United States Postal Service location. Tom de Jong of Colliers International National Self Storage Group represented the seller in the deal. The purchase was partially completed via a 1031 exchange, with the balance financed by Five Star Bank.

June 17, 2020

Development Industrial Midwest Ohio

CRG Underway on 320,000 SF Spec Distribution Warehouse in Columbus, Ohio

by Kristin Harlow June 17, 2020

COLUMBUS, OHIO — CRG is developing the Cubes at Rickenbacker, a 320,000-square-foot speculative distribution warehouse in Columbus, on behalf of an affiliate of Lexington Realty Trust. Contegra Construction Co. is the general contractor. Completion is slated for the fourth quarter of this year. Situated in the Rickenbacker submarket of Columbus, the project is four miles from the Rickenbacker International Airport. The development will feature a clear height of 36 feet, 32 dock doors, two drive-in doors, a trailer lot and parking for 132 cars. Jeff Lyons and Joseph Kimener of CBRE will serve as leasing agents.

June 17, 2020

Acquisitions Industrial Michigan Midwest

Cushman & Wakefield Brokers Sales of Two Industrial Buildings in Suburban Detroit

by Kristin Harlow June 17, 2020

LIVONIA, MICH. — Cushman & Wakefield has brokered the sales of two industrial buildings totaling nearly 250,000 square feet in Livonia, a western suburb of Detroit. Sales prices were undisclosed. In the first transaction, Anthony Avendt of Cushman & Wakefield represented Country Fresh in the sale of 31770 Enterprise Drive to Caresoft Global LLC. The 148,000-square-foot property, partially renovated in 2004, will be upgraded to meet the needs of the global technology and solutions company. In the second transaction, Avendt and colleague Evan Miller represented Livonia East Corporate Center in the disposition of 12622-645 Inkster Road, a 101,089-square-foot building. MobilityTRANS acquired the asset for its assembly and manufacturing operations. The property underwent renovations beginning last year.

June 17, 2020

Acquisitions Florida Industrial Self-Storage Southeast

Skyview Advisors Arranges Sale of 530-Unit Self-Storage Facility in Florida’s Space Coast

by Alex Tostado June 16, 2020

TITUSVILLE, FLA. — Skyview Advisors has arranged the sale of Prestige Self Storage, a 530-unit, 57,600-square-foot facility in Titusville. The self-storage property is situated on five acres at 4706 S. Washington Ave., four miles south of downtown Titusville and 37 miles east of downtown Orlando. Zack Urow and Ryan Clark of Skyview Advisors represented the undisclosed seller in the transaction. Further details of the sale were not disclosed.

June 16, 2020

Industrial Leasing Activity Texas

A&R Logistics Leases 133,333 SF at AmeriPort Industrial Park Near Houston

by John Nelson June 16, 2020

BAYTOWN, TEXAS — A&R Logistics Inc., a supply chain services provider to the chemical industry, has leased 133,333 square feet at AmeriPort Industrial Park in Baytown. The property is located at 703 Logistics Drive S. near Trinity Bay in metro Houston. Charles Fertitta Jr. of Colliers International represented A&R Logistics in the lease transaction. Robert Alinger, also with Colliers, represented the landlord, National Property Holdings. AmeriPort Industrial Park comprises 4 million square feet and sits on more than 1,000 acres. In addition to the Baytown facility, A&R Logistics is opening a new facility in Charleston, S.C., in September and another in Savannah, Ga., in December.

June 16, 2020

Industrial Leasing Activity Texas

NAI Partners Arranges 65,415 SF Industrial Lease Renewal in Southeast Austin

by John Nelson June 16, 2020

AUSTIN, TEXAS — NAI Partners Austin has arranged a 65,415-square-foot industrial lease renewal for Picrow Streaming Inc. in southeast Austin. The property is situated at 3910 S. Industrial Blvd. Troy Martin of NAI Partners represented the tenant in the lease transaction. Leigh Ellis of Aquila Commercial represented the unnamed landlord. Picrow is a New York-based film production and development company that creates content such as commercial, digital media, movies and TV.

June 16, 2020

Acquisitions Illinois Industrial Midwest

Kiefer Associates Sells 82,000 SF Industrial Building in Zion, Illinois, Leases Back Smaller Portion

by Kristin Harlow June 16, 2020

ZION, ILL. — Kiefer Associates has sold its 82,000-square-foot industrial building located at 1700 Kiefer Drive in Zion within northern Illinois. The sales price was undisclosed. As part of the transaction, Kiefer has agreed to an early termination of its lease and will lease back a smaller portion of the property on a short-term basis. The property sold to an investment group that includes the principals of American Eagle Packaging Co. (AEP), a full-service packaging company that will move into a portion of the facility. The remainder of the building will be subdivided into three additional spaces. Dan Benassi, Dan Jones and Sam Deihs of Entre Commercial Realty brokered the transaction. The team will manage and lease the property going forward.

June 16, 2020

Illinois Industrial Midwest

Darwin Realty Joins CORFAC International

by Kristin Harlow June 16, 2020

ELMHURST, ILL. — Darwin Realty has joined CORFAC International as the newest U.S. affiliate of the global network. Darwin is the first U.S.-based firm to join CORFAC this year. Last year, seven U.S. firms joined the organization. Established in 1975, Darwin serves the Northeast Illinois, Southern Wisconsin and Northwest Indiana markets. It specializes in industrial and office brokerage, investment sales, property management and development. “Darwin fits into our need for a strong industrial group in Chicago, complementing our existing CORFAC member ProTen Realty Group on the office side,” says Alan Joel, 2020 CORFAC president. “We are now looking at a couple of strong retail and investment sales groups in Chicago to help round out that mega-market.” Des Plaines, Ill.-based CORFAC is a network of independently owned commercial real estate brokerage firms. There are 50 offices in the U.S.

June 16, 2020

Acquisitions California Industrial Office Western

LPC West Sells Flex R&D Building in San Diego’s Sorrento Mesa for $17M

by Amy Works June 16, 2020

SAN DIEGO — LPC West, the West Coast operating division of Lincoln Property Co., has completed the sale of a two-story, flex R&D property located at 9877 Waples St. in San Diego’s Sorrento Mesa submarket. An affiliate of Alexandria Real Estate Equities acquired the building for $17 million in an off-market transaction. The 62,392-square-foot asset is mid-way through the seller’s biotech conversion process, which the buyer will complete. Andy Hugget, Bill Dolan and Sean Williams of CBRE represented LPC West, while Alexandria was self-represented in the transaction.

June 16, 2020

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