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"rockefeller group"

Kiss Products Purchases Distribution Facility in Piscataway, New Jersey, for $65.7M

by Alex Patton July 29, 2019

PISCATAWAY, N.J. — Kiss Products Inc., a manufacturer and distributor of nail care products, based in New York, has purchased a distribution facility in Piscataway, located in northeast New Jersey, for $65.7 million. The 469,000-square-foot property is part of Rockefeller Group Logistics Center, a 2.2 million-square-foot distribution center with other tenants that include Best Buy and Fujitsu General America Inc. Jules Nissim, Stan Danzig and Marc Petrella of Cushman & Wakefield represented the Rockefeller Group in the transaction. Greg Brown and Tom Kirczow of NAI DiLeo-Bram & Co. represented Kiss Products. Citibank, City National Bank and Shinhan Bank America financed the acquisition.

July 29, 2019

Acquisitions California Industrial Western

KKR Buys Newly Constructed Industrial Building in California for $43.5M

by Amy Works January 31, 2019

PERRIS, CALIF. — Rockefeller Group has completed the sale of an industrial distribution building located within Optimus Logistics Center in Perris. KKR, through its Real Estate Partners Americas II Fund, acquired the newly constructed asset for $43.5 million. The 406,650-square-foot building is the second building to be completed and sold at Optimus Logistics Center, a 1.45 million-square-foot industrial complex. Rockefeller Group, in a joint venture with MBK Real Estate, completed the construction of Optimus Logistics Center in September 2018. Mike McCrary, Peter McWilliams, Sharon Wortmann and Scott Coyle of JLL represented both Rockefeller Group and KKR in the transaction.

January 31, 2019

Industrial Leasing Activity New Jersey Northeast

Fujitsu General America Signs 155,000 SF Industrial Lease in Piscataway, New Jersey

by David Cohen November 12, 2018

PISCATAWAY, N.J.— Fujitsu General America Inc. has signed a 155,000-square-foot industrial lease at the Rockefeller Group Logistics Center in Piscataway. Fujitsu General is the third company to sign a lease at the five-building, 2.1 million-square-foot project. Other tenants include Humanscale and Best Buy. Fujitsu General provides ductless cooling and heating systems for residential and commercial use. Jules Nissim, Stan Danzig and Marc Petrella of Cushman & Wakefield represented the owners, Rockefeller Group and PCCP, in the transaction. Bob Sager and Dave Blitt from Bussel Realty represented Fujitsu General.

November 12, 2018

Development Leasing Activity Office Southeast Virginia

KPMG to Move to 20-Story Office Tower Under Construction in Tysons, Virginia

by Amy Works October 25, 2018

TYSONS, VA. — KPMG, one of the world’s Big Four accounting firms, has signed a lease to occupy up to seven floors of The Boro, an under construction 20-story office tower in Tysons. The Meridian Group and Rockefeller Group are co-developing the tower, with Skanska constructing the Gensler-designed building. KPMG plans to relocate approximately 1,830 employees from its current office at 1676 International Drive in Tysons to the new property in 2019. The move brings preleasing to more than 60 percent ahead of construction completion, with approximately 178,000 square feet remaining at the tower. Additional committed tenants include Hogan Lovells, a global law firm, TEGNA, Whole Foods Market and Kerasotes Showplace Theatres. Situated on 15 acres, the transit-oriented property will feature office, retail, restaurant and outdoor space. The LEED Gold-designed tower features nine- to 10-foot ceilings, efficient floorplans and a rooftop terrace. Rob Faktorow and Terry Reiley of CBRE represented the landlords, while Phil Leibow and Bill Craig of JLL represented KPMG in the lease.

October 25, 2018

Leasing Activity New York Northeast Office

Bessemer Trust Signs 239,000 SF Lease in Midtown Manhattan

by David Cohen September 28, 2018

NEW YORK CITY — Bessemer Trust has signed a 239,000-square-foot lease at the Time Life Building in Midtown Manhattan. The privately owned wealth management company will occupy the top seven floors at the 48-story skyscraper. Located at 1271 Avenue of the Americas, the tower was built in 1959 as part of Rockefeller Center. Cushman & Wakefield represented Bessemer Trust in the transaction. An in-house Rockefeller Group leasing team represented the building’s owner. Terms of the lease were not disclosed.

September 28, 2018

Industrial Leasing Activity New Jersey Northeast

Humanscale Signs 155,000 SF Industrial Lease in Piscataway

by David Cohen September 17, 2018

PISCATAWAY, N.J. — Ergonomic office solutions provider Humanscale has signed a 155,000-square-foot lease at the Rockefeller Group Logistics Center, currently under construction in Piscataway. The 2.1-million-square-foot logistics center will be comprised of five buildings ranging in size from 200,000 to 725,000 square feet. Cushman & Wakefield represented the owners, Rockefeller Group and joint venture partner PCCP LLC, in the transaction. Humanscale was represented by Lennard Commercial Realty.

September 17, 2018

Acquisitions Arizona Development Hospitality Mixed-Use Office Retail Western

VanTrust Real Estate Acquires 20-Acre Land Parcel for Mixed-Use Development in Chandler, Arizona

by Amy Works September 11, 2018

CHANDLER, ARIZ. — VanTrust Real Estate has purchased 20 acres of land, located at Chandler Boulevard and the Loop 101 in Chandler. The Rockefeller Group, New York City, sold the land parcel for $12.2 million. VanTrust plans to build a mixed-use development with office, hotel and retail space on the site. This transaction continues the company’s development pipeline in the Arizona market, which consists of projects for industrial, multifamily and office space. The company recently completed Chandler Corporate Center, a 117,000-square-foot office asset located at 350. N. McClintock Drive in Chandler, and it plans to break ground on the second phase of the development soon.

September 11, 2018

Company News District of Columbia Southeast

SIOR Appoints Tom McCormick as New CEO

by Camren Skelton August 17, 2018

WASHINGTON, D.C. — The Society of Industrial and Office Realtors (SIOR) has appointed Tom McCormick as its new CEO. McCormick, an industrial specialist based out of Irvine, Calif., has been an SIOR member for 33 years and has served as SIOR global past president, SIOR foundation past president, his local chapter’s past president and most recently as SIOR’s operations director on the board of directors. He is the first SIOR designee to hold an executive position within the organization. McCormick joins SIOR from Rockefeller Group International, where he served as senior vice president of national accounts before retiring a little over a year ago. Prior to that role, he held positions at Coldwell Banker Commercial and Panattoni. “I am thrilled that Tom has agreed to take on the challenge as our new leader,” said Del Markward, SIOR 2018 global president, in a statement. “His commitment and service to SIOR has been demonstrated across the board. Tom’s management skills and depth of knowledge make him a solid mentor and role model for our members, staff and the industry as a whole.” Founded in October 1940, SIOR is a Washington, D.C.-based organization comprising nearly 3,100 industrial and office real estate specialists. The broker network …

August 17, 2018

Industrial Market Reports North Carolina Southeast Southeast Market Reports

Industrial Developers are Building for the Long Term in Charlotte

by John Nelson August 6, 2018

As demand for e-commerce and corporate distribution space continues to drive supply chain expansion in the Southeast, many developers are designing facilities to accommodate the truck-dependent, labor-driven operations present today and for the near-term. While robotics and automated vehicles are exciting to dream about, the reality is that these innovations are not expected to impact industrial building design any time soon in the Southeast. Modern industrial buildings that can support heavier than average employee parking needs while also providing abundant trailer storage are the standard for new projects. At the same time, these buildings need to support advanced technology, automation and extensive stacking and sorting operations. By building with an eye toward long-term tenant needs, developers are working to differentiate themselves in this highly competitive environment. These trends are particularly apparent in the Charlotte market, where developers have added 4.5 million square feet of industrial space over the past year. With a 5.3 percent vacancy rate in the first quarter of 2018, the market is well positioned to absorb the additional 4.7 million square feet of projects in the pipeline. Of that total, 62 percent is either preleased or set to be owner-occupied. Modern Design Demands At the core of …

August 6, 2018

California Features Industrial Retail Western Western Feature Archive

Retail Drives Industrial Growth Through Much of the Western U.S.

by David Cohen June 19, 2018

The industrial market is enjoying a moment in the sun throughout the West. Much of this is due to the retail sector’s continued technological advances, which have placed increasing demand on speedy delivery as manufacturing, distribution and warehousing needs are more important now than ever. “The market fundamentals for industrial properties are the best they have ever been,” says Bob O’Neill, senior vice president of acquisitions at CapRock Partners in Newport Beach, Calif. “Industrial absorption, lease rates and sales prices are at all-time highs, while market vacancies are at historic lows and construction in the Western United States remains in check.” Michael Collins, vice chairman of DAUM Commercial Real Estate Services in Los Angeles, has witnessed a similar trend in his market. He notes industrial assets in LA typically sell for $140 per square foot to $200 per square foot, with a vacancy rate of less than 2 percent in Southern California. “Developable land is becoming more scarce and the Los Angeles County industrial marketplace remains very vibrant,” he notes. “Lease rates throughout Southern California have reached an all-time high and sales values are at unprecedented highs, with actual prices based on building age, location, functionality and amenities.” Those looking …

June 19, 2018

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