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Industrial news – page 57
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Medline Begins Construction on $150M DFW Warehouse DevelopmentMedline has begun work on a 1.2-million-square-foot development in Midlothian, Texas. Medline plans to implement an advanced storage and retrieval system at the Midlothian facility. Medline invested $150 million in this project.
Colliers Negotiates 1 MSF Industrial Lease in Northlake, TexasNORTHLAKE, TEXAS — Colliers has negotiated a 1 million-square-foot industrial lease in Northlake, located north of Fort Worth. The tenant is DSV Contract Logistics, and the deal is for the entirety of Building 1 within Northlake 35 Logistics Park.
Representative imageOxford Partners Negotiates 21,806 SF Industrial Lease in Northwest HoustonHOUSTON — Local brokerage firm Oxford Partners has negotiated a 21,806-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13719 FM 529 features 28-foot clear heights and 4,275 square feet of office space.
LDK Ventures Acquires 300,564 SF Industrial Building in RenoRENO, NEV. — LDK Ventures has completed the purchase of Reno Distribution Center, an industrial property located at 4910 Longley Lane near the Reno-Tahoe International Airport in Reno. Eric Bennet and Tomi Jo Lynch of CBRE brokered the acquisition.
Owner/User Pays $28M for Compton WarehouseThe Klabin Company/CORFAC International represented CSME Partners LLC in the $28.1-million sale of an 83,527-square-foot industrial building at 1800 S. Anderson Ave. in Compton. The buyer, Yuejie, Inc., will utilize the property for warehouse and distribution services.
Cold-Link Readies Expansion of Rhode Island Cold Storage FacilityCold-Link Logistics will undertake a major expansion and upgrade of Cold-Link Logistics Providence, a tri‑temperature cold storage facility at 1 All American Way in North Kingstown, RI.
Vestar Triggers Two AZ State Land AuctionsThe $65 billion Taiwan Semiconductor Manufacturing Company plant in North Phoenix remains a magnet for development. The Phoenix Business Journal reports retail giant Vestar is hoping to build on two parcels totaling about 340 acres of Arizona State Land (ASLD) near the factory.
Tacoma Public Schools Acquires Two-Building Industrial Property in Washington for $12.1MTACOMA, WASH. — Tacoma Public Schools (TPS) has purchased a two-building industrial property in Tacoma from Broadstone Cable LLC for $12.1 million. Located at 4401 S. Orchard St. on 6.1 acres, the asset offers 86,000 square feet of industrial space.
Gantry Secures $25.5M Refinancing for Logistics Facility in Riverside, MissouriRIVERSIDE, MO. — Gantry has secured a $25.5 million permanent loan to retire maturing construction debt from the development of Riverside Logistics Centre II, a 328,000-square-foot, multi-tenant logistics facility in the northwest Kansas City suburb of Riverside.
Developer Picks Up Concord Site for 8-Building Industrial ParkMcCraney Property Co. closed on the acquisition of 55 acres at 4518 Davidson Highway. The parcel sold for $5.45 million. The West Palm Beach developer partnered with Shoreline Capital to acquire the site. The buyers bought the site from American Asset Corp.
Lincoln, Principal Purchase Land Near Nashville Airport, Plan 167,133 SF Industrial ProjectNASHVILLE, TENN. — Lincoln Property Co. and Principal Asset Management have purchased a 13.5-acre site at 41 Rachel Road in Nashville.
ViaWest Group, Walton Street Capital Sell Farmer Industrial Center in Tempe for $24.5MTEMPE, ARIZ. — ViaWest Group and Walton Street Capital have completed the disposition of Farmer Industrial Center, a two-building industrial park in Tempe. Speed Bay acquired the asset, located at 9185 and 9245 S. Farmer Ave., for $24.5 million.
MMR Group Signs 214,000 SF Industrial Lease in Columbus, OhioCOLUMBUS, OHIO — MMR Group Inc., an electrical specialty manufacturing and technical firm, has leased 2300 McGaw Road, a 214,000-square-foot industrial property in Columbus.
Northern Builders to Develop 365K-SF Industrial Facility at Cherry Hill Business ParkNorthern Builders plans today to develop a new 365,000 square foot build-to-suit industrial facility in New Lenox, Illinois for an undisclosed user. Situated on approximately 19.9 acres along W.
CIRE Equity Pays $116M for Industrial Campus in L.A.’s San Fernando ValleyA San Diego-based private equity firm has closed on two adjacent industrial buildings that are fully leased in one of Southern California’s tightest industrial submarkets.
Aviation Services Firm ASAK Solutions Leases 17K-SF Warehouse by JFK AirportASAK Solutions, a company servicing airplanes upon landing, has leased an industrial site near John F. Kennedy International Airport in Queens.
EastGroup Eyeing 1M-SF Frisco Industrial VentureEastGroup Properties plans to build a 98-acre warehouse development along SH 121 received the blessing from the Frisco City Council. The development will provide over 1 million square feet of office and industrial space across 11 buildings.
Representative imageWingtat Cargo Signs 96,000 SF Industrial Lease in South Amboy, New JerseySOUTH AMBOY, N.J. — Wingtat Cargo has signed a 96,000-square-foot industrial lease in South Amboy, about 30 miles south of New York City. The shipping company is taking space within the newly constructed, 152,100-square-foot warehouse and distribution building at 111 Main St.
CSME Partners Sells 83,527 SF Industrial Building in Compton, CaliforniaCOMPTON, CALIF. — CSME Partners LLC has completed the disposition of an industrial property located at 1800 S. Anderson Ave. in Compton. Yueji Inc. acquired the asset in a transaction valued at $28.2 million.
SparrowHawk Acquires 750K-SF Warehouse in Kansas CitySparrowHawk has acquired a 100% leased, 764,735-square-foot warehouse building at 31450 W. 196th Street in Edgerton, Kansas.