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Industrial news – page 39
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Harbor Associates, Farallon Capital Acquire 280,000 SF Yorba Linda Commerce Center in CaliforniaYORBA LINDA, CALIF. — A joint venture between Harbor Associates and Farallon Capital Management has purchased Yorba Linda Commerce Center, a small-bay industrial campus in Yorba Linda, in an off-market transaction valued at $81 million.
Harbor Associates, Farallon Acquire Yorba Linda Industrial Campus Off-MarketHarbor Associates, LLC, in a joint venture with Farallon Capital Management, has acquired the Yorba Linda Commerce Center, a 280,000-square-foot, small bay, multi-tenant industrial campus in an off-market transaction valued at $81 million. Located at 3910 Prospect Ave.
Brown Commercial Secures Lease for Developer Cratos IndustrialIllinois Tool Works (ITW) has moved into a 60,050-square-foot industrial space at Blue Heron Business Park. The property is located at 2305-2325 Kenyon Road in Bartlett, Illinois, close to major regional thoroughfares and O’Hare’s strong industrial market.
Industrial Realty Group, Sachem Capital Merge to Form $3.4B Industrial REITOne of the largest private owners of U.S. industrial real estate is merging with a public mortgage trust.
Bristol Myers Squibb Eyeing Generation Park for Manufacturing PlantBristol Myers Squibb (BMS) is weighing building a $1 billion manufacturing facility in Houston that would employ nearly 500 people. If BMS carries out its plans, if would join other big pharma company, Eli Lilly, which has plans to build a $6.5 billion plant in Generation Park.
KCC Underway on 266,788 SF Industrial Build-Out in Hutchins, TexasHUTCHINS, TEXAS — Chicago-based Krusinski Construction Co. (KCC) is underway on the tenant build-out of Wintergreen Distribution Center, a 560,030-square-foot industrial project in Hutchins, a southeastern suburb of Dallas.
Representative imageLee & Associates Negotiates Sale of Four Industrial Outdoor Storage Sites in TexasDALLAS — Lee & Associates has negotiated the sale of four industrial outdoor storage (IOS) sites in Texas. The facilities — located at 1927 W. Commerce St.
Representative imageFoss Real Estate Arranges $7M in Bridge Financing for Arlington Industrial PropertyARLINGTON, TEXAS — Local financial intermediary Foss Real Estate Partners has arranged $7 million in bridge financing for Oakhollow Business Park, an 84,469-square-foot industrial property in Arlington.
Defense Contractor Investing $125M on Macon ExpansionMetal fabrication and manufacturing company, Unified Legacy, is expanding its existing footprint in Macon. The company will invest $125 million in a new manufacturing facility in Macon, creating 500 new jobs over the next several years in Bibb County.
AKIRA Signs 202,105 SF Industrial Lease Extension in Metro ChicagoBOLINGBROOK, ILL. — Chicago-based fashion retailer AKIRA has signed a long-term lease extension for 202,105 square feet of warehouse space at 150 E. Crossroads Parkway, Unit A, in Bolingbrook. Dan Leahy and Dan O’Neill of NAI Hiffman represented the tenant.
Colliers Negotiates Sale of 149,012 SF Industrial Portfolio in IndianapolisINDIANAPOLIS — Colliers has negotiated the sale of Georgetown Commerce Park, a two-building light industrial portfolio totaling 149,012 square feet in Indianapolis.
Realterm Acquires Hunts Point Outdoor Storage FacilityRealterm, an independent global investment manager focused on the transportation industry, completed the acquisition of 935 Garrison Ave., an industrial outdoor storage (IOS) maintenance facility in the Hunts Point submarket of The Bronx. Terms were not disclosed.
Chicago-Based Stotan Industrial Launches NASA Causeway Logistics Center in FloridaStotan Industrial, in partnership with CrossHarbor Capital Partners, has closed on 28.63 acres in Titusville, Florida, for the development of NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet.
Quantum Space to Build New Production Facility in TulsaQuantum Space, a company that builds advanced maneuverable spacecraft for defense and commercial space operations, plans to establish a new manufacturing facility in Tulsa, Oklahoma.
DAUM Arranges Industrial Outdoor Storage Lease in RialtoDAUM Commercial Real Estate Services, completed a lease agreement for an approximately 5.18-acre industrial outdoor storage (IOS) site in the Inland Empire city of Rialto on behalf of a national construction and civil engineering company that provides safety equipment to…
Toyota to Spend $2B on San Antonio Factory ExpansionToyota is seeking approval to build a new $2 billion manufacturing facility in Texas, expanding its U.S. production footprint. The world’s largest automaker has submitted plans to build a new manufacturing facility in Bexar County, Texas.
Adkisson to Break Ground Soon on 11-Building Houston Warehouse ProjectAdkisson Group is under contract for 25 acres in Partners Capital’s 189-acre North Houston Commerce Park. The Houston Business Journal reports that the company expects to break ground around August on 11 warehouses, ranging from 25,000 to more than 150,000 square feet.
Outrigger Industrial Sells 1 MSF Building at Generation Park in Northeast HoustonHOUSTON — Outrigger Industrial has sold a 1 million-square-foot building within Generation Park, a 4,000-acre master-planned development in northeast Houston.
Representative imageTruCore Industrial Acquires 72,710 SF Industrial Portfolio in Houston, San AntonioHOUSTON AND SAN ANTONIO — Tulsa-based TruCore Industrial has acquired a portfolio of two industrial properties totaling 72,710 square feet, one of which is located in Houston and the other of which is located in San Antonio.
Representative imageLanCarte Commercial Arranges Sale of 33,000 SF Industrial Building in South Fort WorthFORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 33,000-square-foot industrial building in South Fort Worth. The single-tenant building at 7610 Will Rogers Blvd. is located within Carter Industrial Park.