TUCSON, ARIZ. — SAFME Holdings LLC has purchased 10,000 square feet of office space at 1575 E. River Road in Tucson from Rabb Investments LLC for $2.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Kyle Kilgore of NAI Horizon, Tucson, represented the buyer.
TUCSON, ARIZ. — Wane Investments LLC has purchased an industrial building located at 990 S. Cherry Ave. in Tucson from Gould Family Properties VIII for $2.1 million. Paul Hooker of Cushman & Wakefield | PICOR represented the seller, while Christopher McClurg and Michael Giuliano of Lee & Associates represented the buyer in the transaction.
WESTMINSTER, COLO. — Malman Real Estate has arranged the acquisition of a building located at 8900 Wadsworth Blvd. in Westminster for $1.5 million. Honey Baked Ham Co. occupies the 3,880-square-foot property. Jake Malman of Malman Real Estate represented the buyer, Ramarko LLC, a Michigan limited liability, while Matt Henricks of CBRE represented the seller, TC Brookhill RLLP, in the deal.
FORT WORTH, TEXAS — Siemens has completed a $190 million manufacturing plant in Fort Worth. The 500,000-square-foot facility is located at 7200 Harris Legacy Drive on the city’s south side and will support the data center industry via production of electrical equipment such as low-voltage switchboards. Siemens has already hired about 480 people to staff the facility and expects to employ as many as 800 individuals at the site by 2026. According to Fort Worth Report, the project was executed as part of the German conglomerate’s pledge to invest $10 billion in the U.S. manufacturing sector.
CHICAGO — Friedman Properties has completed the first phase of renovations at the Reid Murdoch Building in Chicago’s River North neighborhood. The improvements included renovations to the lobby, corridors, restrooms and elevator cabs, as well as a new fully furnished, riverfront speculative office suite. Friedman acquired the eight-story, 320,000-square-foot building in 1998 and completed initial redevelopment in 2002. The property is listed on the National Register of Historic Places and has been designated a Chicago Landmark. The Reid Murdoch Building was originally constructed in 1914 as office, warehouse and manufacturing facilities for Reid, Murdoch & Co., one of the country’s largest wholesale grocers. The city purchased the property in 1955 to house traffic courts and other municipal offices, a use it retained until Friedman’s acquisition. Designed by George Nimmons, the building is a notable example of the “Chicago School” of architecture, with a red brick façade and decorative terra-cotta embellishments covering a steel-and-concrete skeleton. In 1926, the property’s symmetry was adjusted to accommodate the widening of LaSalle Street, reducing the side of the building west of the central tower to five window bays, while the east side retained its original six. The lobby now features a mix of exposed ceilings …
NEW BERLIN AND FRANKLIN, WIS. — Zilber Property Group (ZPG) has acquired a four-building industrial portfolio totaling 385,000 square feet in Southeast Wisconsin for an undisclosed price. Located in New Berlin and Franklin, the properties range in size from 80,000 to 125,000 square feet. The buildings are fully leased to eight tenants engaged in manufacturing, warehousing, distribution and logistics. Each property is situated in an established business park with essential infrastructure and access to major transportation systems.
BROWNSBURG, IND. — A joint venture between Buckingham and Onyx+East has broken ground on Mural Brownsburg, a 165-unit build-to-rent (BTR) community in the Indianapolis suburb of Brownsburg. The development is part of Buckingham’s Mural Collection. Phase I is underway at the intersection of US 136 and Northfield Drive. The three- and four-bedroom homes will range from 1,572 to 2,086 square feet. Under Buckingham’s property management, all Mural Brownsburg home and yard maintenance is included. Residents will enjoy walking paths, a neighborhood clubhouse and pool. The first units are expected to be available for rent beginning in October. Mural Brownsburg marks the first BTR venture for both Onyx+East and Buckingham. Onyx+East’s expertise is in for-sale single-family and townhome construction and Buckingham’s experience is in multifamily investment and management.
MONEE, ILL. — NewAge Products has signed a 168,741-square-foot industrial lease at 25340 S. Ridgeland Ave. in Monee. The lease brings the 621,246-square-foot facility to full occupancy, with NewAge Products joining Reynolds Consumer Products. Seefried Industrial Properties owns the building, which is situated within close proximity to I-57, I-80 and I-294. Additionally, the site is within 20 miles of three intermodal yards — the BNSF Intermodal Yard in Elwood, the Union Pacific Global IV Intermodal Terminal in Joliet and the Canadian National Intermodal Terminal in Harvey. Jason West of Cushman & Wakefield represented NewAge Products, while Sean Henrick and Ryan Klink of Cushman & Wakefield represented Seefried.
MILWAUKEE — Hines has completed an 11-year lease for James Beard-nominated Chef Kyle Knall’s newest restaurant, Cassis, to be located on the ground floor of Hines’ newly built luxury apartment community in Milwaukee. The riverfront French bistro, slated to open late this year, will span 5,175 square feet with an additional 1,100 square feet of outdoor patio space at 333 Water Street. The property, which marks the first luxury apartment tower to be located in Milwaukee’s Historic Third Ward, features amenities such as a sports lounge with golf simulator and resort-style pool and deck area.
MANSFIELD, TEXAS — Locally based owner-operator Aligned Data Centers will develop a 27-acre campus in Mansfield, a southeastern suburb of Fort Worth. Known as Aligned DFW-03, the data center campus will have an onsite substation and will be largely marketed toward users in the AI, cloud and enterprise applications. The facility will also feature proprietary liquid cooling technology and will be able to accommodate user density requirements upwards of 350 kilowatts per rack. Initial capacity is expected to be available in the fourth quarter.