Industrial

Diamond J Investments Buys Lake Oswego Executive Park in Oregon for $7.2M

by Amy Works May 29, 2020

LAKE OSWEGO, ORE. — Diamond J Investments has purchased Lake Oswego Executive Park, a flex industrial business park located at 5755-5795 Jean Road in Lake Oswego. King Capital Investments, a local entrepreneur and real estate investor, sold the property for $7.2 million. Zach Francis and Karla Hansen of Kidder Mathews represented the seller and buyer in the deal. Situated on 2.3 acres, Lake Oswego Executive Park is a three-building, 37,197-square-foot flex industrial campus located half a mile from the Interstate 5 interchange.

May 29, 2020

Acquisitions Colorado Industrial Top Stories Western

United Properties Sells Industrial Property in Denver for $85.7M

by Alex Tostado May 29, 2020

DENVER — United Properties has sold Enterprise Business Center Building Six, a 647,483-square-foot industrial building in Denver’s Northfield neighborhood. An undisclosed investor advised by Zurich Alternative Asset Management LLC (ZAAM) acquired the asset for $85.7 million. Denver-based Beverage Distributors Co. LLC fully leases the property. The tenant’s parent company, Breakthru Beverage Group, distributes wine, spirit and beer brands and has distribution centers in 12 states, Washington, D.C. and Canada. The property is situated at 3980 Central Park Blvd., eight miles east of downtown Denver. Building Six is part of the 38-acre, 2 million-square-foot Enterprise Business Center, which comprises seven total buildings. All seven buildings are fully leased. “Its physical and locational merits are obvious,” says Sean Bannon, managing director and head of U.S. real estate for ZAAM. “What we found equally compelling was the recession-resiliency of the tenant. We anticipate holding this asset for the long term.” In 2017, United Properties built Building Six, which includes warehouse space, nearly 84,000 square feet of office and showroom space plus 70,000 square feet of climate-controlled cooler space. The center can accommodate 1 million cases of product. It also has a west-facing roof deck with unobstructed mountain views and the “Alchemy Room” for beverage …

May 29, 2020

Acquisitions Industrial Northeast Pennsylvania

NewAge Industries Acquires 46,618 SF Industrial Property in Warrington, Pennsylvania

by Alex Patton May 28, 2020

WARRINGTON, PA. — NewAge Industries Inc., a hose supplier headquartered in Southampton, Pennsylvania, has acquired a 46,618-square-foot industrial property in the northern Philadelphia suburb of Warrington. The one-story property is part of an industrial park located at 364 Valley Road. The property features 20-foot clear heights, five tailgate loading doors and approximately 3,000 square feet of office space. Andrew McGhee of Colliers International represented NewAge Industries in the transaction. Sean Durkin of Roddy Inc. represented the seller, 364 Valley Road LP

May 28, 2020

Development Industrial Texas

Holt Lunsford Completes 182,000 SF Southlake Business Park Near DFW Airport

by Taylor Williams May 28, 2020

SOUTHLAKE, TEXAS — Holt Lunsford Commercial Investments has completed Southlake Business Park, a 182,000-square-foot industrial development located just north of DFW International Airport in Southlake. The property spans 12.6 acres and consists of three buildings with both front- and read-load configurations. Additional building features include 24- to 28-foot clear heights, 190-foot shared truck courts and a total of 244 automobile parking spaces. Holt Lunsford Commercial, the leasing arm of the developer, will market the property to users seeking anywhere from 13,000 to 100,000 square feet.

May 28, 2020

Acquisitions California Industrial Office Western

BLT Enterprises Sells Three-Building Sorrento Tech Campus in San Diego for $39M

by Amy Works May 28, 2020

SAN DIEGO, CALIF. — Santa Monica, Calif.-based BLT Enterprises has completed the disposition of Sorrento Tech Campus, a three-building creative office/R&D complex located in San Diego’s Sorrento Mesa submarket. Longfellow Real Estate Partners acquired the campus for $39 million. Located at 10070, 10140 and 10180 Barnes Canyon Road, the complex totals 83,480 square feet. BLT Enterprises implemented a repositioning plan of the original campus, which it acquired in 2016. The renovations included transforming 35,000 square feet of raw industrial space into innovative creative office product with an open floor plan, three executive offices, a large conference room, an upgraded kitchen and an outdoor patio. CV Sciences, TorreyCove Capital Partners, L3 Technologies and Ron’s Pharmacy fully occupied the complex at the time of sale. Ron Jacobson of SD Realty Partners, along with Rick Reeder and Brad Tecca of Cushman & Wakefield, completed the transaction on behalf of the buyer and seller.

May 28, 2020

Acquisitions California Industrial Western

CenterPoint Properties Buys 7.9-Acre Last-Mile Facility in Union City, California

by Amy Works May 28, 2020

UNION CITY, CALIF. — CenterPoint Properties has acquired a 7.9-acre site, located at 950 Whipple Road in Union City, from Carter Industries for an undisclosed price. During due diligence, the company simultaneously executed a 10-year lease with an undisclosed company and secured a conditional use permit on behalf of the tenant. The site features a 63,000-square-foot building with 20-foot drive-in doors, 11-foot to 25-foot clear heights and two dock-high doors, as well as an oversized rear yard that can accommodate above-market auto parking. The asset is less than two miles from Interstate 880 and proximate to the San Mateo Bridge offering easy access to the San Francisco Bay area. Jon Cook of Townsend Commercial Real Estate brokered the off-market transaction. Matt Visick of Reuben, Junius & Rose LLP pursued and obtained the conditional use permit.

May 28, 2020

Industrial Leasing Activity Texas

Newline Interactive Signs 48,160 SF Industrial Lease at Parc Northeast in Metro Dallas

by Taylor Williams May 28, 2020

RICHARDSON, TEXAS — Newline Interactive Inc., a manufacturer of corporate interactive displays, has signed a 48,160-square-foot industrial lease at Parc Northeast, a 434,640-square-foot industrial development located in the northeastern Dallas suburb of Richardson. Josh Barnes of Holt Lunsford Commercial represented the landlord, Jackson-Shaw, in the lease negotiations. Parc Northeast, a newly built speculative property, is now 50 percent leased.

May 28, 2020

LogistiCenter-Rialto-Building-4-Rialto-CA

California Development Industrial Western

Dermody Properties Completes Fourth Building at LogistiCenter at Rialto I in California

by Amy Works May 28, 2020

RIALTO, CALIF. — Reno, Nev.-based Dermody Properties has completed the construction of LogistiCenter at Rialto I, Building 4, located at 1642 W. Miro Way in Rialto. Situated on 19 acres within the Inland Empire West Industrial Market, the asset is now available for lease. The 411,330-square-foot distribution facility features 36-foot clear heights, 2,363 square feet of office space, 244 auto parking stalls, 75 trailer stalls, LED warehouse fixtures and an ESFR fire protection system. The property is located within Renaissance Rialto Business Park with immediate access to interstates 210, 15 and 215. Dan de la Paz, David Consani and Jim Koenig of CBRE are the leasing agents for the facility.

May 28, 2020

Industrial Leasing Activity Texas

NAI Partners Arranges 13,400 SF Industrial Lease Renewal in Houston

by Taylor Williams May 28, 2020

HOUSTON — NAI Partners has arranged a 13,400-square-foot industrial lease renewal at 1499 N. Post Oak Road in Houston for Niche Importing Group LLC. The company specializes in matching U.S. wholesalers and retailers with Asian manufacturers. The property, which is located on the city’s northwest side and was recently renovated, features 16-foot clear heights. Shaffer Braun of NAI Partners represented the undisclosed landlord in the lease negotiations.

May 28, 2020

Acquisitions Indiana Industrial Midwest

JLL Arranges Sale of 690,702 SF Industrial Facility in Suburban Indianapolis

by Kristin Harlow May 28, 2020

BROWNSBURG, IND. — JLL Capital Markets has arranged the sale of Eaglepoint Six, a new Class A industrial facility totaling 690,702 square feet in Brownsburg, located about 17 miles northwest of Indianapolis. The building is fully leased to Radial Inc., an e-commerce company that provides order management, payment processing, fulfillment and analytics services. Built in 2019, Eaglepoint Six features a clear height of 36 feet, four drive-in doors, 52 dock-high doors and office space. It is part of the fully leased Eaglepoint Business Park. John Huguenard, Ed Halaburt, Jake Sturman, Sean Devaney, Kurt Sarbaugh and Robin Stolberg of JLL represented the seller, a partnership between Washington Capital Management on behalf of a client and Becknell Industrial. Denver-based Black Creek Group purchased the asset.

May 28, 2020

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