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Industrial news – page 38
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Basis-Led Team Acquires 25-Building Atlanta Warehouse Portfolio for $89.5MBasis Industrial and One Investment Management have paid $89.5 million for a 621,759-square-foot industrial portfolio within the Atlanta metro area. Commercial Search reports Middour Investments was the seller, and Bank of Montreal provided acquisition financing.
CapRock Partners Breaks Ground on 250,000 SF Industrial Project in McKinney, TexasMCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has broken ground on McKinney Air Business Park, a 250,000-square-foot industrial project that will be located north of Dallas.
US Merchants Buys 453,960 SF Industrial Facility in Surprise, ArizonaSURPRISE, ARIZ. — US Merchants has purchased Building One at West Summit at Surprise from developer Mohr Capital for $63.9 million. Located at 13401 W.
CBRE Negotiates Sale of 24,660 SF Industrial Property in San Marcos, CaliforniaSAN MARCOS, CALIF. — CBRE has arranged the sale of a single-tenant industrial property located at 177 Vallecitos de Oro in San Marcos. A local family trust acquired the asset from Davis, Gottleib & Shaw LP for $4.4 million.
Representative imageCoda Resources Signs 244,343 SF Industrial Lease in Joliet, IllinoisJOLIET, ILL. — Coda Resources has signed a 244,343-square-foot industrial lease at 2000 S. Rowell Ave. in Joliet. The 399,930-square-foot facility was newly developed by Cabot Properties.
Representative imageEntre Commercial Realty Brokers Sale of 28,300 SF Industrial Building in Metro ChicagoWAUCONDA, ILL. — Entre Commercial Realty has brokered the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda. The freestanding facility features a clear height of 19 feet, two exterior docks and two drive-in doors.
Colliers Closes 208K-SF Industrial Facility Sale in OhioColliers has completed the sale of Innovation Industrial Park Building 2, a 208,000-square-foot Class A industrial facility located at 1901 Innovation Avenue in Rossford, Ohio, just south of Toledo.
Machinery Company Acquires Suburban Chicago Office, Warehouse SpaceEntre Commercial Realty completed the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda, Illinois.
Rexford Launches Construction on Single-Tenant Kearny Mesa IndustrialRexford Industrial has launched construction on a new 177,551‑square‑foot Class A industrial building at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket. The project is the only industrial building currently under construction in Central San Diego, according to CBRE.
Colliers’ Virginia Office Facilitates $360M Sale of Manufacturing Site in TaiwanColliers advised The Chemours Company on the sale of its industrial site at its former titanium dioxide manufacturing facility in Taiwan for $360 million. The transaction includes ten contiguous lots spanning across 67.83 acres.
Mesa West Provides $47M Loan for Refinancing of South Austin Multifamily PropertyAUSTIN, TEXAS — Mesa West Capital has provided a $47 million loan for the refinancing of Bishop Momo, a 274-unit apartment complex in South Austin. Bishop Momo is located within the St. Elmo District, a 275-acre mixed-use redevelopment of a former industrial site.
Representative imageFinial Group Negotiates Sale of Three Industrial Buildings Totaling 19,500 SF in West HoustonHOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of three industrial buildings totaling 19,500 square feet in West Houston. According to LoopNet Inc., the buildings at 5727 Glenmont Drive were constructed in 1978.
Transwestern Investments Sells 392,983 SF Warehouse in San BernardinoSAN BERNARDINO, CALIF. — Transwestern Investments has completed the disposition of San Bernardino I, a Class A industrial warehouse located in San Bernardino within the Inland Empire East submarket. Terms of the transaction were not disclosed.
Belkorp Buys Manufacturing Facility in Phoenix’s Sky Harbor Submarket for $44.1MPHOENIX — Belkorp has acquired an advanced manufacturing facility, located at 3809 E. Watkins St. in Phoenix, from an undisclosed seller for $44.1 million. Situated within the Sky Harbor Airport submarket, the 174,801-square-foot asset features 8,000 amps of power.
NorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, ColoradoCASTLE ROCK, COLO. — NorthPeak Commercial Advisors has negotiated the sale of an industrial property located at 1810 Park St. in Castle Rock. The 5,040-square-foot asset traded for $1.3 million, or $251 per square foot.
Colliers Negotiates Sale of 208,000 SF Industrial Facility in Rossford, OhioROSSFORD, OHIO — Colliers has negotiated the sale of Innovation Industrial Park Building 2, a 208,000-square-foot industrial facility in Rossford near Toledo.
Cleveland Unveils 350-Acre Industrial Redevelopment ProjectThe City of Cleveland announced The Midline, a 350-plus acre redevelopment project that will convert long-vacant industrial land on the city’s near east side into a connected employment district, withnew trails, parks and transit access.
Fire Protection Manufacturer Signs Long-Term Rockland County LeaseLincoln Equities Group (LEG) signed a 44,000-square-foot, long-term lease at Lincoln Logistics Rockland with Reliable Sprinkler, a national manufacturer and distributor of fire protection products that was looking to expand its local base.
128 CRE’S Tyler Capecci Earns SIOR DesignationTyler Capecci, SIOR, VP at 128 CRE in Newton, MA, recently became a member of the Society of Industrial and Office Realtors as an Office Specialist. Capecci is now one of just 3,300 SIOR Designees worldwide.
Harbor Associates-Led Venture Buys SoCal Industrial Park for $81MA small-bay industrial campus in Southern California has traded hands for about $289 a square foot as smaller warehouse properties outperform larger assets in the top logistics and manufacturing market in the U.S.