Industrial

Temescal-Valley-Commerce-Center-Corona-CA

CapRock Delivers, Sells 140,000 SF Industrial Development in Inland Empire

by Amy Works March 25, 2019

CORONA, CALIF. — CapRock Partners has completed the construction and sale of Temescal Valley Commerce Center, a Class A industrial building in Corona. Brothers International Desserts, a Southern California-based ice cream manufacturer, acquired the property for an undisclosed price. Situated on 9.4 acres along Interstate 15, the 140,000-square-foot facility features 32-foot clear heights, 11 high-dock doors, two ground-level doors, eight excess trailer parking stalls, office suites and 90 parking spaces. The building also features immediate access to the Dos Lagos on/off ramp and a private queuing lane to enable vehicles to quickly move through the property. Fullmer Construction provided general contracting services for the development. Austin Hill, Jeff Ruscigno and Jeff Smith of Lee & Associates brokered the transaction.

March 25, 2019

Development Industrial New Mexico Self-Storage Western

ARCO/Murray Completes Design-Build of Two Self-Storage Facilities in New Mexico

by Amy Works March 25, 2019

ALBUQUERQUE AND SANTA FE, N.M. — ARCO/Murray has completed the construction of Ladera Storage in Albuquerque and Vegas Verde Storage in Santa Fe for Titan Development. Ladera Storage is a the three-story, 103,350-square-foot property offering fully climate-controlled units. The four-story Vegas Verda Storage features 88,184 square feet of climate-controlled self-storage space and two interior covered loading docks. Extra Space Storage will manage both facilities. ARCO/Murray provided design-build services, including architectural, structural and MEP design, as well as permitting and construction for each property.

March 25, 2019

Development Industrial Michigan Midwest

GM to Invest $300M, Add 400 Jobs at Michigan Plant for Electric Vehicle Production

by Kristin Harlow March 25, 2019

ORION TOWNSHIP, MICH. — General Motors is investing $300 million in its Orion Township assembly plant to produce a new Chevrolet electric vehicle. The investment will bring 400 new jobs to the plant, which is located approximately 40 miles north of Detroit. The announcement is part of GM’s new commitment to invest a total of $1.8 billion in its U.S. manufacturing operations, creating 700 new jobs and supporting 28,000 jobs across six states. The Orion plant currently builds the Chevrolet Bolt electric vehicle, along with the Chevrolet Sonic and test vehicles for the Cruise autonomous vehicle.

March 25, 2019

Development Industrial Midwest Nebraska

Scoular to Open $50M Manufacturing Facility in Seward, Nebraska

by Kristin Harlow March 25, 2019

SEWARD, NEB. — Scoular, an Omaha-based company that offers supply chain solutions for grain, feed and food ingredients suppliers, has unveiled plans to build a new freeze-drying manufacturing facility in Seward. The facility will establish Scoular’s new freeze-dried pet food ingredients platform. Scoular will invest approximately $50 million to build the facility, which is expected to create nearly 100 new jobs. A groundbreaking ceremony is expected to take place in June. Construction of the 105,000-square-foot building will take approximately 14 to 16 months to complete and be operational by early fall 2020. An indirect, wholly owned subsidiary of the company will construct the facility.

March 25, 2019

Development Indiana Industrial Midwest

Joint Venture to Develop 338,520 SF Speculative Industrial Building in Plainfield, Indiana

by Kristin Harlow March 25, 2019

PLAINFIELD, IND. — A joint venture between Distribution Realty Group LLC and a private real estate fund advised by Crow Holdings Capital have unveiled plans to develop a 338,520-square-foot speculative industrial building in Plainfield. The property will be located at 9500 Bradford Road and known as Plainfield Distribution Center. The building will feature a clear height of 32 feet, LED lighting, up to 74 dock doors and 67 trailer stalls. Brian Buschuk and Steve Schwegman of JLL will market the property for lease. Arco Murray will serve as general contractor.

March 25, 2019

Industrial Leasing Activity Texas

NAI Partners Negotiates 46,150 SF Industrial Lease in North Houston

by Taylor Williams March 22, 2019

HOUSTON — NAI Partners has negotiated a 46,150-square-foot industrial lease at 1400 Kowis St. in north Houston. According to LoopNet Inc., the property was built in 1974 and is zoned for manufacturing. Chris Caudill and Joel Michael of NAI Partners represented the landlord, NRE LLC, in the lease negotiations. Stephen Schneidau of Cushman & Wakefield and Bill Schneidau of Independent Real Estate Commercial represented the tenant, Flo Trend, a provider of specialty products for the industrial and energy sectors.

March 22, 2019

Acquisitions Industrial Northeast Rhode Island

Sweeney Real Estate Orchestrates $1M Sale of Industrial Facility in Providence

by David Cohen March 22, 2019

PROVIDENCE, R.I. — Sweeney Real Estate has arranged the $1 million sale of an industrial facility in Providence. Located at 382-420 and 780 Harris Ave., the 21,649-square-foot property is located on nearly one acre. Thomas Sweeney, of Sweeney Real Estate represented the buyer, Partial Research Group LLC, in the transaction. Jim DeRentis of Residential Properties represented the seller, Bone House LLC.

March 22, 2019

Development Florida Industrial Retail Southeast

Kroger, Ocado Select Central Florida for Second Customer Fulfillment Center

by Alex Tostado March 22, 2019

GROVELAND, FLA. — The Kroger Co. and Ocado, an online grocery retailer based in England, have selected Groveland as the second city to house the partnership’s customer fulfillment center (CFC). Kroger has committed to build 20 CFCs in partnership with Ocado. In November, the partnership announced that Monroe, Ohio will be the site of the first CFC. The Groveland center will consist of an automated warehouse facility with digital and robotic capabilities. The CFC will span 375,000 square feet at American Way near U.S. Highway 27, about 31 miles west of Orlando. The partnership is scheduled to break ground later this year and open the center in 2021.

March 22, 2019

Industrial Loans Midwest Ohio

NorthMarq Arranges $4.3M Refinancing for Industrial Facility in Springboro, Ohio

by Kristin Harlow March 22, 2019

SPRINGBORO, OHIO — NorthMarq Capital has arranged a $4.3 million loan for the refinancing of South Pioneer Industrial, a 131,000-square-foot industrial building in Springboro. MCM Electronics occupies the facility, which is located at 405 S. Pioneer Blvd. Noah Juran of NorthMarq arranged the five-year loan, which features a 25-year amortization schedule. A local bank provided the loan.

March 22, 2019

Industrial Leasing Activity Texas

Bradford Commercial Negotiates 21,500 SF Industrial Lease in Metro Dallas

by Taylor Williams March 21, 2019

GARLAND, TEXAS — Bradford Commercial Real Estate Services has negotiated a 21,500-square-foot industrial lease at 2306 Sherwin St. in Garland, a northeastern suburb of Dallas. Jason Finch and Brian Pafford of Bradford Commercial represented the tenant, DFD Movers Inc., in the lease negotiations. The landlord was self-represented.

March 21, 2019

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