Industrial

Principle Construction Completes 879,040 SF Spec Warehouse in Monee, Illinois

by Kristin Harlow July 10, 2020

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.

July 10, 2020

Development Indiana Industrial Midwest

Ambrose Property Group to Develop 205,000 SF Build-to-Suit for Love’s Travel Stops in Indianapolis

by Kristin Harlow July 10, 2020

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.

July 10, 2020

Illinois Industrial Leasing Activity Midwest

Superior Felt & Filtration Signs 75,000 SF Industrial Lease in McHenry, Illinois

by Kristin Harlow July 10, 2020

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.

July 10, 2020

Acquisitions Industrial Northeast Pennsylvania

Roddy Inc. Negotiates Sale of 21,600 SF Warehouse in Huntingdon Valley, Pennsylvania

by Taylor Williams July 10, 2020

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.

July 10, 2020

Development Industrial Office Texas

CoffeeTech Industries to Open $56M Headquarters, Manufacturing Plant in Seguin, Texas

by Taylor Williams July 10, 2020

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.

July 10, 2020

Arkansas Development Industrial Southeast

Amazon to Develop Fulfillment Center, Delivery Station in Little Rock Totaling 910,000 SF

by Alex Tostado July 9, 2020

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.

July 9, 2020

Acquisitions Arizona Industrial Western

CapRock Partners Buys Newly Built 146,500 SF Industrial Building in Phoenix

by Amy Works July 9, 2020

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.

July 9, 2020

Development Industrial Texas

Clarion Partners, Crow Holdings, Riner Cos. Acquire Land for 7 MSF Industrial Park in Fort Worth

by Taylor Williams July 9, 2020

FORT WORTH, TEXAS — A partnership between New York-based Clarion Partners, investment management firm Crow Holdings Capital and developer Rob Riner Cos. has acquired 556 acres in Fort Worth for the development of a 7 million-square-foot industrial park that will be branded Carter Park East. The site is located on the city’s south side near Interstates 20 and 35 and will house both speculative and build-to-suit structures for various industrial and logistics users. Site work is scheduled to begin this month, and the first speculative buildings are expected to be complete in summer 2021. The largest area of the site will be marketed as a build-to-suit opportunity that can accommodate a user with a requirement as large as 1.8 million square feet. Stream Realty Partners is leasing the property.

July 9, 2020

Development Industrial Texas

Stonemont Financial Breaks Ground on 231,000 SF Industrial Complex in McKinney, Texas

by Taylor Williams July 9, 2020

MCKINNEY, TEXAS — Atlanta-based Stonemont Financial Group has broken ground on a 231,000-square-foot industrial complex in McKinney, a northern suburb of Dallas. The property will be located near McKinney National Airport and will consist of two buildings spanning approximately 107,000 and 124,000 square feet. Building features will include 28- to 30-foot clear heights, 24 dock doors and more than 230 combined parking spaces. Bob Moore Construction is the general contractor for the project, and Callaway Architecture is designing it. Lee & Associates will handle leasing, and Dallas-based Somervell Commercial Realty is serving as the development manager. Completion is slated for the first quarter of 2021.

July 9, 2020

Development Industrial Kansas Midwest Self-Storage

StorageMart Opens 784-Unit Self-Storage Facility in Metro Kansas City

by Kristin Harlow July 9, 2020

OLATHE, KAN. — StorageMart has opened a 784-unit self-storage facility in East Olathe within metro Kansas City. The Class A, climate-controlled facility features several elevators. All access is controlled with individual codes and cameras. Customers also have access to an online tenant portal. StorageMart now operates approximately 225 locations in three countries.

July 9, 2020

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