Industrial

GE Current Signs 150,000 SF Lease for Distribution Center in Metro Atlanta

by Alex Tostado May 6, 2020

FAIRBURN, GA. — GE Current has signed a 150,000-square-foot lease for a distribution center in Fairburn. GE Current, which specializes in energy-efficient lighting for commercial real estate space, will use the facility to deliver same- and next-day delivery to its customers in the region. GE Current will employ 40 people at the center. The property is situated at 5150 Oakley Industrial Blvd., 10 miles south of Hartsfield-Jackson Atlanta International Airport. Another tenant occupies the other half of the building. Further details of the lease were not disclosed.

May 6, 2020

Acquisitions Illinois Industrial Midwest

JLL Arranges Sale of 539,109 SF Industrial Portfolio in Suburban Chicago

by Kristin Harlow May 6, 2020

TINLEY PARK, ILL. — JLL Capital Markets has arranged the sale of a five-property industrial portfolio totaling 539,109 square feet in the Chicago suburb of Tinley Park. The sales price was undisclosed. A sixth building within the portfolio is set to close later this month. The properties are located within the I-80 industrial corridor and in the northeast portion of Will County. Kurt Sarbaugh, Robin Stolberg, John Hugenard, Ed Halaburt and Sean Devaney of JLL represented the undisclosed seller. High Street Logistics Properties purchased the portfolio via High Street Real Estate Fund VI, the Boston-based company’s sixth investment vehicle.

May 6, 2020

Acquisitions Industrial New Jersey Northeast

Sitex Acquires 172,000 Industrial Warehouse in Lyndhurst, New Jersey

by Alex Patton May 5, 2020

LYNDHURST, N.J.— Sitex Group, a New Jersey-based developer, has acquired a 172,000-square-foot industrial warehouse in Lyndhurst, a northwestern suburb of New York City. Located at 1201 Valley Brook Ave., the warehouse features a 26-foot clear height, 11 loading docks, trailer parking and more than 165 parking spaces. Tom Monahan, Brian Fiumara, Larry Schiffenhaus and Steve D’Amato of CBRE brokered the transaction. The seller was a private investor. The sales price was undisclosed.

May 5, 2020

Industrial Leasing Activity Texas

CBRE Negotiates 109,271 SF Industrial Lease Near San Antonio

by Taylor Williams May 5, 2020

SCHERTZ, TEXAS — CBRE has negotiated a 109,271-square-foot industrial lease at 6417 Tri-County Parkway in Schertz, a northeastern suburb of San Antonio. Josh Aguilar of CBRE represented the landlord, Prologis, in the lease negotiations. Omar Nasser of AQUILA Commercial represented the tenant, women’s apparel provider J.J.’s Mae Inc.

May 5, 2020

Acquisitions Industrial Northeast Pennsylvania

Roddy Inc. Negotiates Sale of 31,042 SF Industrial Building in Bensalem, Pennsylvania

by Alex Patton May 5, 2020

BENSALEM, PENN. — Roddy Inc., a brokerage firm serving Pennsylvania and New Jersey, has negotiated the $2.3 million sale of a 31,042-square-foot industrial building in Bensalem, a southwestern suburb of Trenton. The property is located at 774 American Drive within Wes-Port Industrial Park. The buyer, Dhyanvi LLC, sells a range of general merchandise including over-the-counter pharmaceuticals, health and beauty products, cosmetics, toiletries and household accessories. Robert Olender of Roddy Inc. represented the seller, 774 American Properties, in the transaction. Adam Lashner of NAI Mertz represented Dhyanvi.

May 5, 2020

Acquisitions Industrial Maryland Southeast

MacKenzie Commercial Brokers Sale of 43,000 SF Industrial Property in Baltimore County

by Alex Tostado May 5, 2020

TIMONIUM, MD. — MacKenzie Commercial Real Estate Services LLC has brokered the sale of 1919 Greenspring Drive, a 43,000-square-foot industrial property in Timonium. The facility was originally built in 1962 and sits on 1.8 acres about 13 miles north of downtown Baltimore. The building features both dock and drive-in loading and several mezzanine areas for additional storage space. At the time of sale, the building was fully leased to tenants including Opfer Auctioneering, GSI Corp., Wood Floor Warehouse and H&N Printing. The buyer, 1919 Greenspring LLC, purchased the property as part of a 1031 exchange. Dan Hudak and Andrew Meeder of MacKenzie Commercial represented the seller in the transaction.

May 5, 2020

Acquisitions California Industrial Office Western

Oberlin Realty Acquires Flex Building in San Diego’s Sorrento Mesa for $5.3M

by Amy Works May 5, 2020

SAN DIEGO — Oberlin Realty LLC has purchased a freestanding flex, office and R&D property located at 10179 Huennekens St. in San Diego’s Sorrento Mesa. Pangea Properties sold the asset for $5.3 million. The buyer plans to occupy the entire two-story, 21,278-square-foot building and utilize the facility for its biotech business. Brant Aberg and Ryan Downing of Cushman & Wakefield San Diego represented the seller, while Chris Duncan of Voit Real Estate Services represented the buyer in the deal.

May 5, 2020

Industrial Leasing Activity Midwest Ohio

Kintetsu Renews 33,824 SF Industrial Lease in Middleburg Heights, Ohio

by Kristin Harlow May 5, 2020

MIDDLEBURG HEIGHTS, OHIO — Kintetsu World Express has renewed its 33,824-square-foot industrial lease at 17820 Englewood Drive in Middleburg Heights, about 17 miles south of Cleveland. Japan-based Kintetsu is an air freight forwarding company. Mark Miller of NAI Robert Lynn, along with David Hexter and Jeffrey Calig of NAI Plesant Valley, represented the tenant in the lease transaction. Kintetsu has operated at the location since 1999.

May 5, 2020

Illinois Industrial Leasing Activity Midwest

Pathway Logistics Signs 30,962 SF Industrial Lease in Joliet, Illinois

by Kristin Harlow May 5, 2020

JOLIET, ILL. — Pathway Logistics has signed a 30,962-square-foot industrial lease at 1600 Rock Creek Blvd. in Joliet. The company began occupying space at the multi-tenant warehouse in April. Joshua Hearne of Cawley Chicago brokered the lease transaction. The landlord was undisclosed.

May 5, 2020

Acquisitions Illinois Industrial Midwest

Marcus & Millichap Brokers $1.7M Sale of Industrial Building in Itasca, Illinois

by Kristin Harlow May 5, 2020

ITASCA, ILL. — Marcus & Millichap has brokered the sale of a 15,700-square-foot industrial building in Itasca for $1.7 million. The property is located at 1437 Harmony Court. It was vacant at the time of sale. Tammy Saia and Tami Andrew of Marcus & Millichap marketed the property on behalf of the seller, a New York-based corporation. The undisclosed buyer plans to occupy the building.

May 5, 2020

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