KEARNY, N.J. — Terreno Realty, a California-based REIT, has signed an undisclosed e-commerce user to a 211,000-square-foot industrial lease at one of its facilities in Kearny, approximately 12 miles west of New York City. The lease term is 10 years. A wholesale drug distributor previously occupied the property. Additional terms of the deal were not disclosed.
COON RAPIDS, MINN. — Metro Storage LLC has purchased a parcel of land at 3021 124th Ave. in Coon Rapids and has started construction on a 908-unit self-storage facility at the site. The climate-controlled facility will span 95,000 rentable square feet. Heated and drive-thru storage options will be available. An office space will showcase security features and provide a selection of moving boxes, packing supplies and locks. Completion is slated for spring 2021. Located along the Mississippi River, Coon Rapids is a northern suburb of Minneapolis. This is the eighth location for Metro Storage in the Minneapolis market.
FOREST PARK, GA. — Robinson Weeks Partners has signed two industrial tenants to occupy a total of 184,670 square feet within Building 400 at Gillem Logistics Center in the south Atlanta suburb of Forest Park. Cleveland-based North Coast Logistics will occupy 107,675 square feet beginning in October. Jacob Westfall of CBRE represented North Coast Logistics in its lease transaction. Orlando-based farming company Kalera Inc. will lease 76,995 square feet at the property, which is situated 12 miles south of downtown Atlanta within five miles of Hartsfield-Jackson Atlanta International Airport. Kalera produces non-GMO vegtables and will be able to double its operations, allowing the facility to produce 11 million heads of lettuce per year. Derek Riggleman and Trip Ackerman of Lee & Associates represented Kalera in its transaction. John Gaskin internally represented Robinson Weeks Partners in both negotiations.
MONEE, ILL. — Principle Construction Corp. has completed an 879,040-square-foot speculative warehouse in Monee, about 35 miles south of Chicago. Principle completed the project in a joint venture with Location Finders International and DeBartolo Development. The building sits on 61 acres within the larger Bailly Ridge development. The facility features a clear height of 36 feet, 100 dock positions, 191 trailer stalls, 161 auto parking stalls and four drive-in doors. Harris Architects designed the project. Traci Payette and Stephanie Park of CBRE are the leasing agents.
INDIANAPOLIS — Ambrose Property Group is developing a 205,000-square-foot build-to-suit for Love’s Travel Stops in Westpoint Business Park, which is situated in the Monrovia/Mooresville submarket of Indianapolis. Love’s will own the facility. Fritz Kauffman, Kevin Archer, Greg Dickerson and John Wilkinson of Cushman & Wakefield represented Love’s in the negotiations. Love’s plans to relocate a tire retread and distribution center from Plainfield, Ind. Construction is slated to begin soon with completion scheduled for February 2021. The 550-acre Westpoint Business Park is located nine miles from the Indianapolis International Airport.
MCHENRY, ILL. — Superior Felt & Filtration (SFF) has signed a 75,000-square-foot industrial lease at 1359 Ridgeview Drive in McHenry, about 50 miles northwest of Chicago. McHenry-based SFF has experienced rapid growth due to the production of personal protection equipment for coronavirus. Owned by Midwest Industrial Funds (MIF), the 218,064-square-foot building is a former Motorola production site. It features a clear height of 28 feet. MIF plans to renovate the office space and add more air conditioning capacity. Dan Benassi, Dan Jones and Sam Deihs of Entre Commercial Realty represented SFF in the lease transaction.
HUNTINGDON VALLEY, PA. — Locally based brokerage firm Roddy Inc. has negotiated the sale of a 21,600-square-foot warehouse located at 1670 Republic Road in Huntingdon Valley, about 20 miles north of Philadelphia. The property is situated on 1.4 acres and features 18-foot clear heights, two tailgate loading doors and 2,600 square feet of office space. Sean Dunkin of Roddy Inc. represented the sellers, a duo of private investors, in the transaction. The buyer was Republic Holdings LLC, an affiliate of Precision Mechanical Contracting, a Pennsylvania-based provider of refrigeration services.
SEGUIN, TEXAS — CoffeeTech Industries, a supplier of cold- and hot-brewed instant coffee, will open a new facility in Seguin, a northeastern suburb of San Antonio, for its new office headquarters and primary manufacturing plant. The facility will span 112,000 square feet, will carry a price tag of roughly $56 million and is expected to bring about 90 new jobs to the area. The facility will be located on a 33.6-acre site just south of Interstate 10 and will have the capacity to produce about 13 million pounds of coffee per year, according to Business Facilities Magazine. Construction is expected to begin in late 2020, and the facility should be operational by 2022.
LITTLE ROCK, ARK. — Amazon will develop afive-story, 825,000-square-foot fulfillment center at the Port of Little Rock in Little Rock. Slated for delivery in 2021, the property is expected to house 1,000 employees who will work alongside Amazon Robotics to pick, pack and ship small items to customers such as books, electronics and toys. The center will sit on 80 acres along Zueber Road, which, according to the Arkansas Democrat-Gazette, an Amazon entity paid $3.2 million for. Seattle-based Amazon is also planning an 85,000-square-foot delivery station near Interstate 30. Items at the fulfillment center will be shipped to the delivery station, which will serve in the last-mile delivery effort. The station, which will be Amazon’s second in Little Rock, is expected to open by the end of this year. According to the Gazette, Amazon is spending $8 million to renovate the warehouse for the delivery station.
PHOENIX — CapRock Partners has acquired a newly built industrial building located at 4615 W. McDowell Road in Phoenix. The 146,500-square-foot facility can accommodate up to four light manufacturing and distribution tenants. The building offers two 2,000-square-foot speculative office spaces, 32-foot clear heights, 26 dock-high and four grade-level loading doors and a concrete truck court. Additionally, the eight-acre site is equipped with heavy power capacity (3,600 amps, 277/480 volts). Payson MacWilliam and Don MacWilliam of Colliers International represented CapRock in the deal. Terms of the off-market transaction were not released.