Industrial

Lone-Mountain-Distribution-Center-I-Las-Vegas-NV

Dermody Properties Buys Two Logistics Centers Totaling 158,166 SF in Las Vegas

by Amy Works January 30, 2020

LAS VEGAS — Dermody Properties has acquired two logistics centers in Las Vegas for an undisclosed price. The properties are Pama Distribution Center I at 1385 E. Pama Lane and Lone Mountain Distribution Center I at 2628 E. Lone Mountain Road. The two multi-tenant, concrete tilt-up buildings offer a combined total of 158,166 square feet, ample dock-high and grade-level doors, and abundant parking. At the time of acquisition, both buildings were fully leased. Additional terms of the transaction were not disclosed.

January 30, 2020

California Development Industrial Western

Dedeaux Properties Acquires Land Site for 205,000 SF Industrial Project in Southern California

by Amy Works January 30, 2020

PERRIS, CALIF. — Dedeaux Properties has purchased an industrial-zoned, 9.6-acre land parcel, located at 5150 Walnut Ave. in Perris, for $2.2 million in an off-market transaction. The company plans to develop an industrial facility on the site. Cody Lerner and Stan Nowak of Avison Young’s Ontario, Calif., office represented the buyer and the seller, a private entity, in the deal. The planned 205,000-square-foot facility will include office space, 36-foot clear heights, 28 docks and parking for 42 trailers.

January 30, 2020

Acquisitions Industrial Office Oregon Western

Columbia Helicopters Completes Sale-Leaseback of 187,016 SF Campus in Aurora, Oregon

by Amy Works January 30, 2020

AURORA, ORE. — Columbia Helicopters has completed the sale-leaseback of its asset portfolio in Aurora. New York-based W.P. Carey, a net-lease REIT, acquired the properties for an undisclosed price. Columbia Helicopters, a helicopter manufacturing and operations company, fully occupies the portfolio, which totals 187,016 square feet. Located at 14451 Arndt Road, the campus features 15 buildings. Founded in 1957, Columbia Helicopters provides heavy-lift aviation services, military transport, firefighting, and oil and gas support helicopters. The facilities included in the portfolio sale are mission critical, including offices, shop facilities, an engine test center, training spaces and a wastewater treatment facility. Erik Foster, Mike Wilson and Ryan Carlino of Avison Young represented the seller in the deal.

January 30, 2020

Acquisitions Illinois Industrial Midwest

Transwestern Brokers Sale of 110,355 SF Industrial Building in Aurora, Illinois

by Kristin Harlow January 30, 2020

AURORA, ILL. — Transwestern Commercial Services has brokered the sale of 2350 Prospect Drive in Aurora. The 110,355-square-foot industrial building features a clear height of 38 feet and is fully leased by a transportation and logistics provider. Justin Lerner and Joe Karmin of Transwestern represented the buyer, Denver-based Black Creek Group. Neither the seller nor the sales price were disclosed.

January 30, 2020

Industrial Leasing Activity Texas

Loc Performance Signs 22,150 SF Industrial Lease Expansion at TexAmericas Center

by Taylor Williams January 30, 2020

HOOKS, TEXAS — Loc Performance Products Inc., a Michigan-based manufacturer that services military and commercial firms, has signed an industrial lease expansion in Hooks, located near Texarkana. The company will now occupy 22,150 square feet at TexAmericas Center, which owns and operates 3 million square feet of commercial and industrial space near the Texas-Arkansas border. Loc Performance will take occupancy of the space on Friday, Feb. 1. The move is expected to bring 20 new jobs to the trade area.

January 30, 2020

Development Industrial North Carolina Southeast

M. David Properties Delivers 136,000 SF Industrial Building in North Charlotte

by Alex Tostado January 29, 2020

CHARLOTTE, N.C. — M. David Properties has delivered a 136,000-square-foot industrial building within SilverPark North in north Charlotte. The building is the first of three speculative properties to be delivered in the planned 300,000-square-foot park. The new building features a rear-loading configuration, 32-foot clear heights, 40 dock doors, two drive-in bays, ESFR sprinklers and additional storage for 35 trailers. Brad Cherry and Matthew Greer of JLL are marketing the building on behalf of M. David Properties to distribution and/or manufacturing users that could occupy 35,000 square feet or more.

January 29, 2020

Georgia Industrial Southeast

JLL Negotiates Equity Financing for Goodyear Distribution Center Near Atlanta

by Alex Tostado January 29, 2020

NEWNAN, GA. — JLL has negotiated equity terms on behalf of Prologis Inc. to bring on Stonemont Financial Group as a partner to fully fund the construction of the 1.5 million-square-foot Goodyear Distribution Center in Newnan. Upon completion, Stonemont Financial Group will own the building. San Francisco-based Prologis expects to deliver the building in March 2021. Goodyear Distribution Center is the largest build-to-suit industrial property under construction in metro Atlanta, according to JLL. The property is situated on 147 acres at the intersection of Interstate 85 and Ga. Highway 16, 35 miles southwest of downtown Atlanta. Britton Burdette, Matt Wirth, Pete Pittroff, Dennis Mitchell and Patrick Nally of JLL represented Prologis in the discussions.

January 29, 2020

Acquisitions Industrial Massachusetts Northeast

CBRE Brokers Sale of Two Industrial Properties in Northborough, Massachusetts

by Alex Patton January 29, 2020

BROCKTON, MASS. — CBRE has brokered the sale of two industrial properties located at 1150 and 1120 W. Chestnut St. in Brockton, about 25 miles south of Boston, for $7.7 million and $1.4 million, respectively. The first property is a 100-square-foot warehouse that was 89 percent leased to two tenants at the time of sale. The second property is a 1.7-acre lot that was fully leased for truck and vehicle parking at the time of sale. Scott Dragos, Doug Jacoby and Chris Skeffington led a CBRE team that represented the seller, a partnership between CIP 1120 Realty LLC and MA Industrial Brockton LLC. The team also procured the buyer, Northbridge Partners.

January 29, 2020

Acquisitions Industrial North Carolina Southeast

JLL Brokers $63.8M Sale of Distribution Center in Charlotte

by John Nelson January 28, 2020

CHARLOTTE, N.C. — JLL has brokered the $63.8 million sale of Premier Distribution Center, a 1.4 million-square-foot distribution center located at 1900 Continental Blvd. in Charlotte’s Southwest industrial submarket. Chris Norvell, Patrick Nally, Pete Pittroff and David Andrews of JLL represented the seller, a partnership between New York Life Insurance Co. and LRC Properties, in the transaction. A partnership between Somerset Properties and Waterfall Asset Management acquired the 95-acre property. Originally constructed as the North American headquarters for Continental Tire, Premier Distribution Center was rebranded and transformed into a modern distribution complex that features 24-foot clear heights, ESFR sprinkler systems, motion-sensor LED lighting, 110 loading positions, abundant parking and onsite trailer storage. The sale includes a 25.9-acre development parcel adjacent to the existing loading area that can accommodate a 333,000-square-foot cross-dock facility.

January 28, 2020

Development Industrial Michigan Midwest

GM to Invest $2.2B for Electric Vehicle Production at Detroit-Hamtramck Assembly Plant

by Kristin Harlow January 28, 2020

DETROIT — General Motors is investing $2.2 billion at its Detroit-Hamtramck assembly plant to produce a variety of all-electric trucks and SUVs. Production of GM’s first all-electric truck is scheduled to begin in late 2021. Detroit-Hamtramck will be GM’s first assembly plant fully dedicated to electric vehicles. When the plant is fully operational, the investment will create more than 2,200 manufacturing jobs. GM also plans to invest an additional $800 million in supplier tooling and other projects related to the launch of the new electric trucks. The plant’s paint and body shops and general assembly area will receive comprehensive upgrades, including new machines, conveyors, controls and tooling. Approximately 900 people are employed at the Detroit-Hamtramck plant, which currently builds the Cadillac CT6 and the Chevrolet Impala. The plant will be idled for several months beginning at the end of February once renovations begin.

January 28, 2020

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