Industrial
CBRE, NGKF Broker 18 KSF Industrial Building Deal
CBRE Senior Vice President David Prioletti closed the sale of an 18,000-square-foot industrial property on behalf of the owner, production company Video Impressions. Senior Managing Director Corey Chase of NGFK represented the buyer, food analysis laboratory Certified Laboratories Inc.
Lee & Associates Facilitates 35 KSF Lease to Well-Known Car Dealer
Maryland’s largest independent car dealership, Carbiz, leased 35,000 square feet at 8751 Freestate Drive in Laurel, Md. for its second business location.
Flex-N-Gate Breaks Ground on $95M Detroit Plant
The 350,000-square-foot facility, which is slated for completion by early next year, will become a new centerpiece to the city’s growing I-94 Industrial Park.
HFF Secures $11M Financing for Atlanta-Area Industrial Portfolio
The company arranged acquisition financing for Citimark Inc., which acquired four industrial buildings totaling 409,801 square feet.
Terreno Realty Lands Seattle Distribution Building
The company paid $5.9 million to acquire the 35,000-square-foot property, which is located at 25-29 South Hanford St. in the SoDo district.
On the Market: 5 Small-Business Listings for April
This month’s listings include a historic mixed-use building with a ground-floor nightclub and restaurant and a large warehouse space in a desirable Fountain Valley, Calif., location.
Investcorp Adds $160M to Chicago, Boston Portfolios
The company has acquired six industrial properties totaling approximately 1.8 million square feet of warehouse and distribution space.
Raw Material Manufacturer Expands to Central Ohio
Ohio Pack intends to invest $25.4 million in a new 135,000-square-foot plant in Heath, Ohio. The company will add 66 jobs over the next five years.
Frozen Gourmet Installs Cold Thermal Energy Storage System
Viking Cold Solutions’ Thermal Energy Storage reduced Frozen Gourmet’s energy consumption by nearly 30 percent since the beginning of 2017, while also maintaining more stable temperatures inside their freezers.
ENGIE Boosts Houston’s Use of Solar Power
The 50-megawatt SolaireHolman plant is now operational and will power the Hermann Park Zoo, the Bob Lanier Public Works Building, wastewater treatment plants and several Bush Intercontinental Airport terminals.