Industrial

Blue Road Investments Breaks Ground on 315,000 SF Spec Industrial Building in New Mexico

by Amy Works June 16, 2020

SANTA TERESA, N.M. — Blue Road Investments has broken ground on Westpark Building I in Santa Teresa, approximately 23 miles northwest of El Paso, Texas. Situated at 655 Industrial Ave. within Westpark Logistics Center, the facility will feature 315,000 square feet of speculative industrial space with cross-dock loading, 36-foot clear heights and 185-foot concrete truck courts. This is the first spec building in Westpark Phase I, where Blue Road has capacity for an additional 1 million square feet of future development. Current tenants in Westpark Logistics Center include FedEx Ground, MCS Industries and Valley Cold Storage. Construction is slated for January 2021. Perez Giese and Anthony Mash of CBRE are marketing the property for lease.

June 16, 2020

California Industrial Leasing Activity Western

Toolots Leases 436,350 SF Distribution Facility in Inland Empire

by Amy Works June 16, 2020

MORENO VALLEY, CALIF. — Toolots, a California-based online marketplace and distribution channel for factory-direct industrial tools, machinery and technology, has inked a deal to occupy a warehouse and distribution facility located at 17783 Indian St. in Moreno Valley. KKR Alpha Industries owns and operates the 436,350-square-foot facility. Robert Feathers and Brian Bennett of Kidder Mathews represented Toolots in the lease transaction.

June 16, 2020

Development Georgia Industrial Southeast

Dermody Properties to Develop 176,463 SF Industrial Property in Metro Atlanta

by Alex Tostado June 15, 2020

ACWORTH, GA. — Dermody Properties will break ground in July on LogistiCenter at New McEver, a 176,463-square-foot industrial building in Acworth. Dermody recently acquired the 12.3-acre plot on New McEver Road, two miles southeast of downtown Acworth and 30 miles northwest of downtown Atlanta. The Cobb County property will offer build-to-suit office space and feature 34 dock-high doors, two drive-in doors, 32-foot clear heights, 168 car parking spaces, a 130- to 185-foot truck court, six-inch reinforced concrete floor, tilt-up concrete panel construction and an ESFR fire protection system. Austin Brannen and Matt Bentley of NAI Brannen Goddard represented Dermody Properties in the acquisition of land and will be the leasing brokers for the project. Terms of the land sale were not disclosed.

June 15, 2020

Acquisitions Industrial Texas

Stream Realty Negotiates Sale of 114,150 SF Industrial Building in Plano

by John Nelson June 15, 2020

PLANO, TEXAS — Stream Realty Partners has arranged the sale of a 114,150-square-foot industrial building located at 2801 Summit Ave. in Plano. OPEX Corp., doing business as Generation Y LLC, purchased the property for an undisclosed price and is currently the property’s sole tenant. According to LoopNet Inc., the facility was built in 1990 and features office space and 24-foot clear heights. Jason Moser and Ridley Culp of Stream Realty represented the buyer in the transaction. Kacy Jones and John Hendricks of CBRE represented the seller, AdvoCare. The weight loss and sports supplement producer recently built another facility in Plano where it has set up operations.

June 15, 2020

Florida Industrial Leasing Activity Southeast

Cushman & Wakefield Arranges 152,390 SF Industrial Lease in Royal Palm Beach, Florida

by Alex Tostado June 15, 2020

ROYAL PALM BEACH, FLA. — Cushman & Wakefield has arranged a 152,390-square-foot industrial lease renewal for Millwork Sales in Royal Palm Beach. The property spans 24 acres and is located at 700 103rd Ave., 13 miles west of downtown West Palm Beach. The building features 40-foot-by-48-foot column spacing, a 60-foot-by-48-foot loading bay, energy-efficient lighting and hurricane impact-resistant windows. Christopher Thomson, Rick Etner Jr., Chris Metzger and Matthew McAllister of Cushman & Wakefield represented the tenant in the transaction. Millwork Sales is a producer of doors, millwork and other interior housing products. The landlord was not disclosed.

June 15, 2020

Acquisitions Industrial Self-Storage Utah Western

Marcus & Millichap Arranges Sale of 60-Unit Hidden Creek Storage in Sandy, Utah

by Amy Works June 15, 2020

SANDY, UTAH — The LeClaire Group of Marcus & Millichap has brokered the sale of Hidden Creek Storage, a self-storage facility in Sandy. Jordan Farrer and Adam Schlosser of Marcus & Millichap represented the seller, a private self-storage investor and developer, and procured the undisclosed buyer in the deal. The acquisition price was not released. The 60-unit Hidden Creek Storage features 14,400 net rentable square feet. The self-storage property features garden-style doors and all units are drive-up accessible. The facility is located within The Villas at Hidden Creek Homeowners Association.

June 15, 2020

Features Industrial Office

Buoyed by Industrial Sector, Market Confidence Improves Slightly Overall Among SIOR Survey Participants

by John Nelson June 15, 2020

The Society of Industrial and Office Realtors (SIOR) has released its second edition of the monthly SIOR Snapshot Sentiment Survey, and overall the association’s industrial specialists felt better about their market’s outlook than their counterparts in the office sector. Patrick Sentner, president-elect of SIOR and executive vice president of CBRE’s Pittsburgh office, says that the growth of e-commerce and the grocery sector during the pandemic are helping boost confidence among industrial brokers. “Certain industrial market segments have seen business increase steadily during the pandemic,” says Sentner. “As such, there has been some solid movement in the industrial sector during the past three months.” The newly created survey provides a snapshot of the industry during a time when the COVID-19 outbreak has significantly impacted the industrial and office sectors. The monthly survey posed three questions to its members, of which around 500 answered for the May edition. The first question asked the progress of transactions currently taking place. The second question asked respondents to rank their level of confidence six months from now for their local markets. The final question let participants write open-ended responses relating to trends and market changes affecting the industrial and office real estate sectors. Overall market …

June 15, 2020

Acquisitions Industrial North Carolina South Carolina Southeast

Albany Road Real Estate Sells Industrial Portfolio in Metro Charlotte for $75.5M

by Alex Tostado June 12, 2020

CHARLOTTE, N.C. — Albany Road Real Estate Partners has sold an industrial portfolio comprising four properties in metro Charlotte for $75.5 million. The first property, Overlook 77, totals three buildings at 5521 Lakeview Road in Charlotte. The portfolio includes two parks on the north side: International Corporate Center, a five-building property located at 4601 Corporate Drive in Concord, and the three-building Lakefield Corporate Center located at 307 Oates Road in Mooresville. The final property is the two-building SouthCross Corporate Center in Rock Hill, S.C. The property is situated at 3042 SouthCross Blvd., 21 miles southwest of downtown Charlotte. Patrick Gildea, Matt Smith, Anne Johnson, Bryan Crutcher, and Grayson Hawkins of CBRE represented the seller in the transaction. The buyer, CIP Real Estate, retained Anne Johnson and Bryan Crutcher of CBRE to handle leasing efforts for the portfolio.

June 12, 2020

Acquisitions California Industrial Western

EverWest Acquires Magnolia Point Industrial Asset in Inland Empire for $37M

by Amy Works June 12, 2020

CORONA, CALIF. — Denver-based EverWest Real Estate Investors has completed the $37 million sale-leaseback acquisition of Magnolia Point, a Class A industrial facility in Corona. Located at 1560 E. Sixth St., the 210,345-square-foot building features 32-foot clear heights, 21 dock-high doors, two ground-level doors, a 150-foot truck court and more than 27,300 square feet of office space. Amrapur Overseas occupies the entire warehouse/distribution building, which was constructed in 2014. Richard Schwartz, Joey Reaume and Tommy Gilmore of Colliers International represented the buyer, while Jim deRegt of Lee & Associates represented the seller in the transaction.

June 12, 2020

200-International-Drive-Mount-Olive-New-Jersey

Industrial Leasing Activity New Jersey Northeast

Cushman & Wakefield Negotiates 102,839 SF Industrial Sublease in Mount Olive, New Jersey

by Taylor Williams June 12, 2020

MOUNT OLIVE, N.J. — Cushman & Wakefield has negotiated a 102,839-square-foot industrial sublease for game publisher and manufacturer Breaking Games LLC in Mount Olive, located 50 miles west of New York City. The space is located within 200 International Drive, an approximately 217,500-square-foot industrial property that was constructed in 1984. The building features 24-foot clear heights, nine loading docks and approximately 6,000 square feet of office space. The property also offers convenient access to Interstate 80 and State Route 46. Stephen Sander of Cushman & Wakefield represented the sublandlord, Bosal USA, in the negotiations

June 12, 2020

Newer Posts

Older Posts