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Industrial news – page 21
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Merritt Properties Acquires 11-Building Industrial Park in JacksonvilleJACKSONVILLE, FLA. — Merritt Properties has acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park located in Jacksonville’s Butler corridor near the Florida East Coast Railway.
Representative imageGillett Commercial to Develop Spec Office, Flex Building in Allen, TexasALLEN, TEXAS — Local developer Gillett Commercial will build a speculative office and flex building in Allen, a northeastern suburb of Dallas.
Representative imageIPA Arranges $15.4M in Financing for Dallas Industrial PropertyDALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $15.4 million in financing for a 60,159-square-foot industrial property in Dallas.
Representative imageChesterfield Breaks Ground on Industrial Development in Blythewood, South CarolinaBLYTHEWOOD, S.C. — Chesterfield has broken ground on Carolina Pines International Commerce Center, a planned industrial development located about 18 miles north of Columbia.
Representative imageCBRE Arranges Sale of 29,336 SF Industrial Building in Avenel, New JerseyAVENEL, N.J. — CBRE has arranged the sale of a 29,336-square-foot industrial building in the Northern New Jersey community of Avenel. The building sits on a 4.3-acre site at 190 Homestead Ave. and includes six drive‑in doors, two loading docks and newly renovated office space.
Representative imageMAG Capital Partners Sells 1.4 MSF Midwest Industrial Portfolio for $89MDALLAS — MAG Capital Partners has sold a 1.4 million-square-foot, net-leased industrial portfolio in the Midwest for roughly $89 million. Fundamental Income Properties, a wholly owned subsidiary of Starwood Property Trust, purchased the six-property manufacturing portfolio.
Fashion Nova Expands L.A. Footprint With 133K-SF Warehouse DealFashion Nova is expanding its Southern California logistics side with another industrial lease in Santa Fe Springs. The Los Angeles-based fast-fashion retailer signed a lease to take over the 132,888-square-foot warehouse at 12301 Hawkins Street, according to CoStar.
Merritt Picks Up 537K-SF Jax Industrial ParkMerritt Properties acquired Center Point Business Park, an 11-building, 537,800-square-foot light industrial park in Jacksonville’s Butler Corridor.
Prologis To Buy Segro In One Of Industrial's Largest Mergers EverIf at first Prologis doesn’t succeed, it tries, tries, tries … and tries one last time.
Formation, Crescent Teaming Up on Phase II of 689K-SF Goodyear Warehouse FacilityA venture between Formation Interests and Crescent Real Estate has broken ground on Phase II of Formation Park 10, a 261,168-square-foot industrial development in Goodyear, Arizona.
Manufacturer Setting Up AllianceTexas FacilityFoxlink Group purchased Alliance Gateway 17 at AllianceTexas in Fort Worth, Texas, where the company will establish a new PCBA manufacturing operation. The 147,780-square-foot facility at 4600 Alliance Gateway Freeway is expected to create approximately 900 jobs at full capacity.
Representative imagePartners Brokers Sale of 14,572 SF Industrial Building in Northwest HoustonHOUSTON —Partners Real Estate has brokered the sale of a 14,572-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 5414 Larkin St. was originally constructed in 1983.
Opus Breaks Ground on 898,500 SF Canal Crossing Commerce Center in Suburban ColumbusCANAL WINCHESTER, OHIO — Opus has broken ground on Canal Crossing Commerce Center, an 898,500-square-foot, three-building speculative industrial facility on 72 acres in the Columbus suburb of Canal Winchester.
Colliers Negotiates Sale of 302,400 SF Industrial Facility in Shelbyville, KentuckySHELBYVILLE, KY. — Colliers has negotiated the sale of a 302,400-square-foot industrial facility located at 530 Logistics Drive in Shelbyville, a suburb roughly 30 miles east of Louisville.
Entre Commercial Realty Brokers Sale of 95,179 SF Industrial Facility in Elgin, IllinoisELGIN, ILL. — Entre Commercial Realty has brokered the sale of a 95,179-square-foot industrial facility located at 999 Raymond St. in Elgin. The buyer, a locally based parts distributor, plans to invest in substantial renovations to both the office and warehouse areas.
Jon Pezzoni Joins Hunneman’s Leasing & Advisory Team as SVPHunneman said Wednesday that Jon Pezzoni has joined the firm’s Leasing & Advisory team as an SVP and Principal. He brings more than a decade of experience across Greater Boston’s office, R&D and industrial markets. Pezzoni was most recently an SVP at Avison Young.
Stotan Industrial Acquires 15 Acres to Develop 221K-SF Industrial FacilityStotan Industrial has acquired approximately 15 acres at 11231 Katherines Crossing in Woodridge, Illinois, for the development of Stotan Crossings Woodridge, a 221,400-square-foot industrial facility.
Ferguson Enterprises Leases Entire 31K-SF Building in Morton GroveThe Missner Group announced that Ferguson Enterprises has signed a lease for the entirety of 8130 River Drive, a 31,429-square-foot industrial building in the Chicago suburb of Morton Grove, Illinois.
Representative imageJP Morgan Recaps Industrial Portfolio With $209M LoanA joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P.
National Property Planning 1.1M-SF Katy Industrial ParkNational Property Holdings plans to develop Katy Prairie Business Park, a 1,083,420-square-foot industrial project in Katy, Texas. CBRE’s Faron Wiley, Billy Gold, Charles Herold and Jett Bush have been selected to market the project for lease.