Industrial

Logistics Firm Signs 408,600 SF Industrial Lease in Atlanta

by Alex Tostado May 8, 2019

ATLANTA — Broadrange Logistics, a third-party logistics provider, has signed a full-building industrial lease for 408,600 square feet in Atlanta’s Fulton Industrial submarket. The Atlanta-based firm offers air, ocean, trucking and warehouse logistics services to several major companies including Amazon, Wayfair, Drive Medical, SP Richards and Smith Cooper. The facility is located at 105 Kendall Park Lane, 13 miles west of Atlanta Hartsfield-Jackson International Airport and 16 miles west of downtown Atlanta. Bob Robers and Brian Monaghan of Cushman & Wakefield represented the tenant in the lease transaction. LaSalle Investment Management is the landlord. Brian Alcorn of Cushman & Wakefield will oversee build-out of the space, though details of the build-out were not disclosed.

May 8, 2019

Florida Industrial Leasing Activity Southeast

Cushman & Wakefield Arranges 192,454 SF Warehouse Lease Renewal in Metro Miami

by Alex Tostado May 8, 2019

MIAMI LAKES, FLA. — Cushman & Wakefield has arranged a 192,454-square-foot warehouse and distribution lease renewal for Miami International Freight Solutions (MIFS) in Miami Lakes. MIFS fully occupies the facility, which is situated at 14100 NW 60th Ave. in Miami Lakes Business Park East, 10 miles north of Miami International Airport. The property was built in 1971 and sits on 13.2 acres. It offers numerous loading points, 10,000 square feet of executive offices and a fully secured truck staging and storage yard. Wayne Ramoski and Gian Rodriguez of Cushman & Wakefield represented MIFS in the lease negotiations. Carlos Velasquez and Rene Vivo of The Vivo Group represented the landlord, San Francisco-based Terreno Realty Corp.

May 8, 2019

Acquisitions Industrial North Carolina Southeast

CBRE|Raleigh Brokers $14.3M Sale of Eastgate 540 Industrial Park in North Carolina

by Alex Tostado May 8, 2019

KNIGHTDALE, N.C. — CBRE|Raleigh has arranged the $14.3 million sale of Eastgate 540, a 30-acre industrial site in Knightdale. The property houses a 150,000-square-foot industrial building with room for an additional 150,000-square-foot building on the parcel. Francini Marble occupied a portion of the existing building at the time of the sale. Eastgate 540 is situated at the intersection of Hodge Road and Spectrum Drive, 10 miles east of downtown Raleigh. Chester F. Allen, Barry Bowling, Carlton Midyette III and Tiffany Hilburn of CBRE|Raleigh represented the buyer, Trinity Capital, in the transaction. Scannell Properties was the seller.

May 8, 2019

Acquisitions Industrial New York Northeast

H.I.G. Capital Acquires Industrial, Flex Portfolio in New York Area for $487M

by Taylor Williams May 8, 2019

NEW YORK — An affiliate of Miami-based H.I.G Capital, which has offices in the United States, Europe and South America, has acquired a portfolio of industrial and flex assets located throughout the New York City metropolitan area for $487 million. The portfolio spans approximately 3.1 million square feet, comprises 56 properties and is leased to about 260 tenants across a diverse range of industries. With this transaction, H.I.G. Capital now has more than $30 billion of assets under management. Jose Cruz, Marc Duval, Jordan Avanzato, Kevin O’Hearn, Andrew Scandalios, Stephen Simonelli and Michael Oliver of HFF represented the seller, Mack-Cali Realty Corp., in the transaction. In addition, Mike Tepedino, Peter Rotchford, Scott Findlay and Jackie Ferrer of HFF arranged $400 million in floating-rate acquisition financing through Bank of America for the deal.

May 8, 2019

Industrial Leasing Activity New York Northeast

JLL Negotiates 103,000 SF Industrial Lease on Long Island

by Taylor Williams May 8, 2019

SYOSSET, N.Y. — JLL has negotiated a 103,000-square-foot industrial lease at 225 Underhill Blvd. in Syosset, a city on Long Island. The property, located about 32 miles east of Midtown Manhattan, features 19-foot ceiling heights and more than 3,000 square feet of office space. Max Omstrom, Doug Omstrom and Kyle Crennan of JLL represented the tenant, One Stop Properties, a real estate development firm based in Long Island City. The landlord, Balrich Realty Corp., was represented internally.

May 8, 2019

California Development Industrial Western

DAUM Commercial Negotiates Acquisition of Industrial Infill Parcel in North Orange County

by Amy Works May 8, 2019

LA HABRA, CALIF. — DAUM Commercial Real Estate Services has arranged the sale of an 8.67-acre land parcel, located at 551-555 S. Harbor Blvd. in La Habra. Torrance, Calif.-based West Harbor Capital acquired the property from Harbor Blvd Investments LLC for an undisclosed price. The buyer plans to develop the site for surface industrial use. Construction is slated for completion in third-quarter 2019. Additionally, the site presents the opportunity for further build-to-suit development of a 150,000-square-foot warehouse. The site is now available for lease or sale, and has the potential to be divided into two parcels. Chris Migliori and Paul Gingrich of DAUM represented the buyer and seller in the deal.

May 8, 2019

Industrial Leasing Activity Texas

Holt Lunsford Secures 30,833 SF Industrial Lease Renewal in Metro Dallas

by Taylor Williams May 8, 2019

GARLAND, TEXAS — Dallas-based Holt Lunsford Commercial has secured a 30,833-square-foot industrial lease renewal at 2450-2462 Merrit Drive in Garland, a northeastern suburb of Dallas. Josh Barnes and Ben Wallace of Holt Lunsford represented the landlord, Taurus Investment Holdings. Shirley Laymance of CBRE represented the tenant, Carrier Enterprise LLC.

May 8, 2019

Acquisitions Arizona Industrial Office Western

B.H. Properties Buys Honeywell Aerospace Glendale Office/Industrial Campus in Arizona

by Amy Works May 7, 2019

GLENDALE, ARIZ. — Los Angeles-based B.H. Properties has purchased the Honeywell Aerospace Glendale DSES Campus, located at 19019 N. 59th Ave. in Glendale, for an undisclosed price. Constructed in 1986 and situated on 45 acres, the property features 252,300 square feet of space, including offices, clean rooms, R&D labs and assembly areas. At the time of sale, the property was 100 percent occupied by Honeywell International, which signed a new lease to extend occupancy until July 2024. Mindy Korth and Kirk Kuller of Colliers International in Arizona negotiated the sale.

May 7, 2019

Development Industrial Michigan Midwest

Dembs Development Breaks Ground on 88,000 SF Tech Center for Hexagon in Novi, Michigan

by Kristin Harlow May 7, 2019

NOVI, MICH. — Dembs Development has broken ground on an 88,000-square-foot facility for Hexagon in Novi known as the Technology Center of Excellence. The two-story property is located within Beck North Corporate Park. Sweden-based Hexagon is an advanced manufacturing technology company. The tech center will include an 11,000-square-foot showroom and demonstration area, a 15,000-square-foot laboratory and an expansive technical training center. The building will also include a fitness center, coffee bars, multi-purpose kitchens and gathering areas. Completion is slated for the fourth quarter of this year.

May 7, 2019

Development Industrial Oregon Western

Columbia Distributing to Develop 530,000 SF Warehouse in Metro Portland

by Amy Works May 6, 2019

CANBY, ORE. — Columbia Distributing, along with joint venture partners Meritage and Trammell Crow Co., plans to develop a new warehouse at the intersection of Southeast First Avenue and South Walnut in Canby. The 530,000-square-foot facility will consolidate the beverage distributor’s three current locations on Portland’s Swan Island, Northwest Yeon Avenues and Northwest Guam Street. Situated on 43 acres, the property is slated for completion in fall 2020. Tualatin, Ore.-based Perlo Construction is serving as general contractor and Portland-based VLMK Engineering + Design is providing project design and permitting services. Allen Patterson of Capacity Commercial Group and Terry Tolls of T.N. Tolls Co. represented the Trammell Crow and the sellers in the land sale.

May 6, 2019

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