NORMAL, ILL. — An affiliate of Phoenix Investors has acquired an approximately 500,000-square-foot industrial facility in Normal, just north of Bloomington. The purchase price was undisclosed. The property sits on 65.6 acres at 301 W. Kerrick Road. Wildwood Industries Inc. started development of the facility 12 years ago, but it was never fully completed or occupied. Phoenix plans to invest capital into the project to bring it to completion. The development features a clear height of 30 feet and 84 exterior docks. Ken Szady and Krysti Galvin of Marcus & Millichap brokered the sale.
ELK GROVE VILLAGE, ILL. — Seefried Industrial Properties has acquired an 8.8-acre site in Elk Grove Village with plans to develop a two-building industrial project spanning 163,000 square feet. The speculative development, situated in the Centex Industrial Park near O’Hare International Airport, will feature a clear height of 32 feet, 24 docks, eight trailer positions and 175 car parking spaces. Jonathan Kohn and Ron Behm of Colliers International represented Seefried in the land assemblage. The project team includes Harris Architects, Jacob & Hefner and Premier Design + Build. Completion is slated for the first quarter of 2021.
LOUISVILLE, KY. — SkyView Advisors has negotiated the sale of Aladdin Self Storage, a 421-unit facility in Louisville. The property spans 3.5 acres and comprises 46,465 square feet. Aladdin Self Storage is situated at 3413 Collins Lane, 16 miles east of downtown Louisville. Zack Urow or SkyView Advisors represented the undisclosed, private seller in the transaction. The buyer was an undisclosed REIT. The sales price was also not disclosed.
RICHMOND, TEXAS — Dallas-based Trammell Crow Co. has broken ground on an 850,000-square-foot fulfillment center for Amazon in Richmond, a southwestern suburb of Houston, a project that is expected to bring about 1,000 new jobs to the region. The property will be situated on 93.5 acres at 10507 Harlem Road and is expected to open in 2021. Ware Malcomb is designing the project, and Graycor Construction Co. is the general contractor. Other project partners include engineering firms HAS & Associates, Langan Engineering, Jordon & Skala Engineers and Harrington Group Inc. Tony Patronella and Jeanie Gibbs of locally based firm Read King represented the seller of the land. Stephen Schneidau of Cushman & Wakefield and Matt O’Brian of KBC Advisors represented the buyer.
FOUNTAIN INN, S.C. — The Sudler Cos. will develop Fox Hill Business Park, which will span 172 acres at full buildout, in Fountain Inn. Sudler will break ground on the first spec property, a 206,410-square-foot building, this quarter. The building will feature 32-foot clear heights and trailer parking. The Chatham Township, N.J.-based developer expects to deliver the property in spring 2021. Fox Hill will be situated at 189 Milacron Drive, 19 miles southeast of downtown Greenville. Grice Hunt, Ford Borders and Clay Williams of NAI Earle Furman LLC will handle leasing and marketing efforts on behalf of the owner.
CHICAGO — Meridian Design Build has completed construction of a 358,879-square-foot speculative industrial building in the city of Chicago. NorthPoint Development was the developer. The new facility sits on a 31.2-cre site. StudioNorth Architecture and Jacob & Hefner Associates made up the project team. Meridian and NorthPoint worked together to maximize participation by businesses owned by minorities and women for the project. The new building is the first within NorthPoint’s $164 million, 200-acre Avenue O Industrial Park. The park is a redevelopment of the Republic Steel site that has been vacant for more than two decades. Plans call for 2.3 million square feet of industrial development.
ELK GROVE VILLAGE, ILL. — Screen Americas has signed a 44,198-square-foot industrial lease at Elk Grove Technology Park in Elk Grove Village. Screen is a provider of inkjet printing technology. The facility will serve as the North American headquarters for the company. Mike Sedjo, Jack Brennan and John Hamilton of CBRE represented the landlord, Brennan Investment Group, in the lease transaction. Joe Bronson of NAI Hiffman represented Screen, which will occupy space within a 151,693-square-foot building. Elk Grove Technology Park is an 85-acre industrial park near O’Hare International Airport. With the completion of Phase I in the fourth quarter of 2019, the park is nearly 75 percent leased.
EASTON, PA. — CBRE has brokered the sale of LogistiCenter at 33, a 475,800-square-foot e-commerce facility in Easton, an eastern suburb of Allentown. Located at 4200 E. Braden Blvd., the facility was constructed in 2016 and features a clear height of 36 feet. The property is located in the Lehigh Valley submarket and offers convenient access to State Route 33 and Interstate 78. Third-party logistics provider Radial Inc. is the sole tenant of the facility. Michael Hines, Brad Ruppel, Brian Fiumara and Lauren Dawicki of CBRE represented the seller, a partnership that included Pacific Coast Capital Partners LLC, in the transaction. The buyer and sales price were not disclosed.
TAYLOR, TEXAS — Bellomy & Co. has brokered the sale of Taylor Hutto Self Storage, a 501-unit facility located in the Central Texas city of Taylor. The property features climate- and non-climate-controlled units, as well as covered boat and RV parking space. The facility spans 60,605 square feet of net rentable space and was 86 percent leased at the time of sale. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, an unnamed company based in Plainfield, Ill., in the sale. The buyer was not disclosed.
FORT WORTH, TEXAS — Amcor Rigid Plastics USA Inc., a producer of plastic products for the food and healthcare industries, has renewed its 269,388-square-foot lease in Fort Worth. The landlord, ML Realty Partners, signed Amcor to the extension at 4100 Fleetwood Road on the city’s northeast side near DFW International Airport. According to LoopNet Inc., the facility sits on 16 acres. David Stechly and Greg Kloiber of Campio represented the tenant in the lease transaction.