ROMEOVILLE, ILL. — The Missner Group has completed a $35 million food processing facility in Romeoville for Peacock Engineering Co. The 532,560-square-foot project included the complete renovation of the existing warehouse; the addition of 20,000 square feet of office space; multiple processing areas and production lines; and temperature-controlled storage spaces. The renovated property is located at 1001 W. Crossroads Parkway within ProLogis Park 55. The facility will be used to repackage frozen goods, which requires portions of the building to be temperature controlled to specific degrees at all times. The property features 113,907 square feet of refrigeration and freezer space and a 90,814-square-foot production area. Sparks Architects Inc. provided architectural services for the project.
Property Type
BELLEVILLE, ILL. — Marcus & Millichap has brokered the sale of DaVita Metro East Dialysis, a 13,445-square-foot net-leased property in Belleville. The property, located at 5105 W. Main St., sold for approximately $3.9 million. Valerie Cook, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private investor. Cook, Weisenbeck and Sharko also represented the buyer, Art Belleville.
BOSTON — Construction is continuing for the Millennium Tower and Burnham Building development in Boston’s Downtown Crossing neighborhood with a concrete pour. Suffolk Construction recently completed the project’s 6,000-cubic-yard continuous mat slab concrete pour, which is the largest continuous concrete pour in Boston’s history. The $700 million project consists of the restoration of the Burnham Building, which was built in 1912, and the construction of Millennium Tower, a 62-story mixed-use tower containing 450 residential units. The proposed 1.4 million-square-foot project will offer office space, street-level retail and luxury residential condominiums. Designed by Handel Architects, the project is slated for completion in summer 2016. New York-based Millennium Partners is developing the project.
NEW YORK CITY — Eastern Consolidated has arranged the sale of 90 Chambers Street in the Tribeca neighborhood of New York City. Claude Castro LLC purchased the approximately 9,400-square-foot mixed-use property for $8.5 million or $906 per square foot from Chambers Street Realty. The five-story property offers five free-market residential units and a vacant ground-level retail space. Adelaide Polsinelli and Lipa Lieberman of Eastern Consolidated arranged the sale on behalf of the seller and buyer.
RARITAN, N.J. — Energy Battery Group, a national battery distributor, has signed a long-term lease for 72,937 square feet at 1200 Route 523 in Raritan. The space comprises 64,044 square feet of industrial space and 8,893 square feet of office space. With this lease, the 851,000-square-foot building is 90 percent occupied. Joe Nitti of Colliers International represented the landlord, Equity Industrial Flemington LLC, in the transaction. Jason Adams of Coldwell Banker Commercial Feist & Feist Realty Corp represented the tenant.
SALEM, N.H. — Foxx Life Sciences has leased space at 6 Delaware Drive Crossing, a 20,700-square-foot industrial/flex building in Salem. The company will occupy 18,302 square feet at the property, which will allow it to relocate and expand its headquarters and operations. Foxx Life Sciences previously occupied space at 8E Industrial Way Suite 1 in Salem. Chris Healy of CBRE/New England represented the tenant in the transaction.
LONG ISLAND CITY, N.Y. — Juice Press has opened a new super-store concept in the Falchi Building in Long Island City. The 18,000-square-foot space is part retail store and part production facility. The facility will allow the company to grow its production of juices, smoothies and food and expand its offerings. The Long Island City store brings the company into its third New York City borough. In April, Juice Press opened two locations in Manhattan: one at the corner of Greenwich and Laight streets and one at 65 West 55th Street. Since its creation in 2010, Juice Press has opened or announced openings for 21 stores in the New York area.
PLANO, TEXAS — Auto manufacturer Toyota will relocate its North American headquarters to a new campus in Plano. The new facility is estimated to total 1 million to 1.5 million square feet in the Legacy business park near the interchange of the Dallas North Tollway and State Highway 121. Several Toyota facilities nationwide — including the Toyota Motor Sales USA Inc. operation in Torrance, Calif., and the Toyota Engineering & Manufacturing North America Inc. in Erlanger, Ky. — will be consolidated at the new complex. A total of approximately 4,000 employees will be relocated, including those at Torrance-based Toyota Financial Services and certain employees at Toyota Motor North America in New York City, by the time the new campus is completed in late 2016 or early 2017. An expansion of the York Township, Mich.-based Toyota Technical Center and opening of the new Toyota Motor Manufacturing Kentucky in Georgetown, Ky., are also part of the transition. Paul Whitman, Brad Selner, Meredith O’Connor and Michael Sessa of JLL represented Toyota in the McKinney transaction.
HOUSTON — First Industrial Realty Trust Inc. has broken ground on the new 350,820-square-foot First Northwest Commerce Center in Houston’s Northwest submarket. The distribution facility, to be located on a 24-acre site off Beltway 8 at 4800 W. Greens Road, will be designed for either single- or multi-tenant use. The building will feature 32-foot clear heights, 130-foot truck courts, excess trailer storage and ESFR sprinklers. Construction is slated for completion as early as the fourth quarter of this year. The development team includes development consultant Davis Commercial Development LLC, general contractor Cadence McShane and architect Munson Kennedy Partnership. Billy Gold and David Adame of CBRE will lease the property.
ROUND ROCK, TEXAS — HFF has brokered the sale of a three-building, 275,499-square-foot industrial portfolio in the Austin suburb of Round Rock. The properties include 110, 116 and 120 E. Old Settlers Blvd., all located off I-35. Thermo Fisher Scientific, Total Site Solutions and Toshiba each fully occupy one of the facilities. HFF marketed the portfolio on behalf of the seller, a Boston-based institutional investor. Stoltz Cos., an owner/operator real estate investment company, purchased the assets free and clear of existing debt.