{"id":12474,"date":"2017-08-28T08:57:46","date_gmt":"2017-08-28T08:57:46","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=12474"},"modified":"2025-07-15T15:35:23","modified_gmt":"2025-07-15T12:35:23","slug":"top-20-industrial-deals-h1-2017","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/top-20-industrial-deals-h1-2017\/","title":{"rendered":"Top 20 US Industrial Real Estate Deals of H1 2017"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>In the past few years, industrial markets across the country have been on the receiving end of increased interest, according to the latest market research reports. As the economy continues to shift towards modern industrial sectors, we thought we&#8217;d take a look at the top industrial deals closed so far this year. With the help of <a href=\"http:\/\/www.yardimatrix.com\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> data, we bring you the top 20 industrial real estate sales of the first half of 2017. See the full list below, followed by an overview of the top investment destinations and more details on each of the 20 major deals.<\/p>\n<p>Key drivers of the great industrial real estate comeback include the meteoric rise of e-commerce, as well as revitalized manufacturing, which is driven by robotics and consumer products demand. As e-commerce keeps growing, the challenge is to make deliveries ever faster, and at reduced costs. This, in turn, generates the need for more distribution centers of all sizes, to build a more efficient fulfillment network. Online retail has become the main driver of nationwide industrial market growth, and has industrial investors looking to secondary and tertiary markets, as well. This asset type is gaining favor with both domestic and foreign investors<span class=\"_Tgc\">\u2014<\/span>Canada-based Bentall Kennedy aquired assets in the New Jersey industrial market, and Bahrain-based Investcorp delved into prime Illinois industrial <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-inventory\/\" target=\"_blank\" rel=\"noopener\">inventory<\/a>.<\/p>\n<div class=\"infogram-embed\" data-id=\"14200173-cfc6-4a82-96ce-19a13666af69\" data-type=\"interactive\" data-title=\"Top 20 US Industrial Deals of H1 2017\"><\/div>\n<p><script>!function(e,t,s,i){var n=\"InfogramEmbeds\",o=e.getElementsByTagName(\"script\"),d=o[0],r=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement(\"script\");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,\"infogram-async\",\"\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<p>The California, Illinois and New Jersey markets stand out in our list of top 20 industrial deals closed during the first half of 2017, as they are home to 65% of single-state deals closed. A quarter of the top 20 transactions were multi-state, cross-market portfolios, which amassed a dollar volume in excess of $2.5 billion. It&#8217;s worth noting that, although Texas and Georgia are home to only one single-state deal each, the high-profile cross-market portfolios almost all included several industrial properties located in both these states.<\/p>\n<div class=\"infogram-embed\" data-id=\"7f4fef67-2497-4ce3-83eb-87139da66218\" data-type=\"interactive\" data-title=\"Top 20 US Industrial Deals of H1 2017 Market Distribution\"><\/div>\n<p><script>!function(e,t,s,i){var n=\"InfogramEmbeds\",o=e.getElementsByTagName(\"script\"),d=o[0],r=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement(\"script\");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,\"infogram-async\",\"\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<h4><span class=\"bullet1r\">1<\/span>Cabot Industrial Portfolio &#8211; $1,070,000,000<\/h4>\n<div id=\"attachment_12574\" style=\"width: 1009px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12574\" class=\"size-full wp-image-12574\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg\" alt=\"\" width=\"999\" height=\"544\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg 999w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg?resize=150,82 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg?resize=551,300 551w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Claymore_Business_Park_Houston032-1.jpg?resize=768,418 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><p id=\"caption-attachment-12574\" class=\"wp-caption-text\"><em>Claymore Business Park building, Houston TX, one of 184 assets traded in this deal (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> DRA Advisors<\/li>\n<li><strong>Seller:<\/strong> Cabot Properties<\/li>\n<li><strong>Highlights:<\/strong> The nearly 20-million-square-foot industrial portfolio includes 184 properties spread across 21 U.S. markets. The largest concentration of assets is, <a href=\"https:\/\/www.bizjournals.com\/houston\/news\/2017\/02\/08\/1-07b-industrial-deal-includes-25-houston-area.html\" target=\"_blank\" rel=\"nofollow noopener\">reportedly<\/a>, in the Dallas-Fort Worth and Houston markets, where over 50 buildings totaling more than 4 million square feet are located. The portfolio also includes industrial properties located in Atlanta, Chicago, and Columbus, Ohio, and extends DRA Advisors&#8217; national industrial footprint to over 45 million square feet.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">2<\/span>TA Realty Portfolio &#8211; $854,500,000<\/h4>\n<div id=\"attachment_12626\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12626\" class=\"size-full wp-image-12626\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg\" alt=\"\" width=\"1000\" height=\"604\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg?resize=150,91 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg?resize=497,300 497w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/1401-valley-view-lane-irving-tx_cropped.jpg?resize=768,464 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12626\" class=\"wp-caption-text\"><em>Valley View Business Center &#8211; 1401 Valley View Lane, Irving TX (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Brookfield Properties<\/li>\n<li><strong>Seller:<\/strong> TA Realty<\/li>\n<li><strong>Highlights:<\/strong> Brookfield-managed real estate funds purchased TA Realty Fund IX&#8217;s 45-asset industrial portfolio, which encompasses 8.6 million square feet of space spread across 12 states, in markets including the Los Angeles, Dallas, Chicago and D.C. metros.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">3<\/span>High Street Fund IV Portfolio &#8211; $402,136,000<\/h4>\n<div id=\"attachment_12628\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12628\" class=\"size-full wp-image-12628\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg\" alt=\"\" width=\"1000\" height=\"584\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg?resize=150,88 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg?resize=514,300 514w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Cobb-West-Business-Park-austell-ga_cropped.jpg?resize=768,449 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12628\" class=\"wp-caption-text\"><em>Cobb West Business Park &#8211; 1080 Six Flags Road, Austell, GA (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Blackstone<\/li>\n<li><strong>Seller:<\/strong> High Street Realty<\/li>\n<li><strong>Highlights: <\/strong>Blackstone showed continued confidence in the industrial sector, with its April acquisition of the 38-property <span class=\"igc-table-cell-span\">High Street Fund IV industrial portfolio. The buy consists of 6 million square feet of almost all infill industrial assets, and was 97% leased at the time of the acquisition. The portfolio&#8217;s reported concentration, by square footage, is 38% in Atlanta, 32% in Chicago, 17% in Houston, 10% in Harrisburg, 10% in Dallas and 2% in Orlando.<\/span><\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">4<\/span>Sunset Las Palmas Studios &#8211; $200,000,000<\/h4>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d383.8349958999315!2d-118.3357343012127!3d34.08698932059525!2m3!1f0!2f39.36106474936416!3f0!3m2!1i1024!2i768!4f35!3m3!1m2!1s0x80c2bf2dc38b6d17%3A0x143515ea15e90132!2sSunset+Las+Palmas+Studios!5e1!3m2!1sen!2sus!4v1503921220991\" width=\"600\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<ul>\n<li><strong>Buyer:<\/strong> Hudson Pacific Properties<\/li>\n<li><strong>Seller:<\/strong> Studio Management Services<\/li>\n<li><strong>Highlights: <\/strong>The purchase of one of Hollywood&#8217;s oldest film lots<span class=\"_Tgc\">\u2014<\/span>the former Hollywood Center Studios<span class=\"_Tgc\">\u2014<\/span>marks HPP&#8217;s third such acquisition. The 15-acre creative media production campus, located in the heart of <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ca\/los-angeles\/hollywood\/\" target=\"_blank\" rel=\"noopener\">Hollywood&#8217;s media corridor<\/a>, brings the company&#8217;s studio holdings to a total of 1.2 million square feet.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">5<\/span>Hampshire Companies&#8217; NJ Portfolio &#8211; $146,850,000<\/h4>\n<div id=\"attachment_12573\" style=\"width: 1009px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12573\" class=\"size-full wp-image-12573\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg\" alt=\"\" width=\"999\" height=\"603\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg 999w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg?resize=150,91 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg?resize=497,300 497w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM30-wesley-street01-1.jpg?resize=768,464 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><p id=\"caption-attachment-12573\" class=\"wp-caption-text\"><em>30 Wesley Street, South Hackensack, NJ, part of hampshire Cos&#8217; NJ infill portfolio (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> AEW Capital Management<\/li>\n<li><strong>Seller:<\/strong> The Hampshire Cos<\/li>\n<li><strong>Highlights:<\/strong> The portfolio consists of six buildings totaling roughly 1.2 million square feet of industrial space, spread across various <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/nj\/essex-county\/newark\/\" target=\"_blank\" rel=\"noopener\">commercial real estate assets in Newark<\/a> and the rest of the Gateway area. AEW Capital Management&#8217;s new properties are located in Carteret, Lodi, Saddle Brook, South Hackensack and West Caldwell. At the time of sale, it was <a href=\"https:\/\/www.commercialsearch.com\/news\/nj-industrial-portfolio-changes-hands-in-147m-deal\/\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> the largest New Jersey portfolio deal of the year.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">6<\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/ontario\/safari-business-center-buildings-16-17\/\" target=\"_blank\" rel=\"noopener\">Safari Business Center <\/a>&#8211; $141,200,000<\/h4>\n<div id=\"attachment_12562\" style=\"width: 1009px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12562\" class=\"size-full wp-image-12562\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg\" alt=\"\" width=\"999\" height=\"623\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg 999w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg?resize=150,94 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg?resize=481,300 481w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_safari_business_center07_edited.jpg?resize=768,479 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><p id=\"caption-attachment-12562\" class=\"wp-caption-text\"><em><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/ontario\/safari-business-center-buildings-5-6\/\" target=\"_blank\" rel=\"noopener\">Safari Business Center buildings 5 and 6<\/a> (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Rexford Industrial Realty<\/li>\n<li><strong>Seller:<\/strong> American Realty Advisors<\/li>\n<li><strong>Highlights:<\/strong>\u00a0The $141 million sale of this expansive <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ca\/ontario\/\" target=\"_blank\" rel=\"noopener\">Ontario, Calif<\/a>., business center marked the largest industrial transaction in the Inland Empire in 2017, according to <a href=\"https:\/\/www.cbre.us\/about\/media-center\/cbre-completes-sale-of-safari-business-center-in-ontario-for-approximately-141-million\" target=\"_blank\" rel=\"nofollow noopener\">CBRE<\/a>, which represented the seller. Safari Business Center, an institutional-quality industrial complex, consists of 16 Class A, multi-tenant buildings, which encompass roughly 1.1 million square feet spread over 52 acres. Tenants include Andon West, Missouri Walnut, the Harris Battery Co., and Neenah Foundry Co. The asset was 97% leased at the time of sale.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">7<\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/buena-park\/6800-valley-view-street\/\" target=\"_blank\" rel=\"noopener\">CenterPoint SoCal Logistics Center<\/a> &#8211; $131,300,000<\/h4>\n<div id=\"attachment_12571\" style=\"width: 1009px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12571\" class=\"size-full wp-image-12571\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg\" alt=\"\" width=\"999\" height=\"491\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg 999w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg?resize=150,74 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg?resize=591,290 591w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_JCP_CenterPoint_SoCal_Logistics_Center.jpg?resize=768,377 768w\" sizes=\"auto, (max-width: 999px) 100vw, 999px\" \/><\/a><p id=\"caption-attachment-12571\" class=\"wp-caption-text\"><em>CenterPoint SoCal Logistics Center &#8211; 6800 Valley View Street, Buena Park, CA (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> CenterPoint Properties<\/li>\n<li><strong>Seller:<\/strong> JCPenney<\/li>\n<li><strong>Highlights:<\/strong> As part of its previously <a href=\"https:\/\/www.bizjournals.com\/dallas\/news\/2017\/02\/24\/j-c-penney-closing-up-to-14-percent-of-its-stores.html\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a> downsizing strategy, JCPenney has sold its West Coast warehouse distribution center in <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ca\/buena-park\/\" target=\"_blank\" rel=\"noopener\">Buena Park, Calif<\/a>. NAI Capital represented both the seller and the buyer in this transaction. According to the full-service CRE firm, the sale of the 1.1 million-square-foot asset was the largest <a href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-contiguous\/\" target=\"_blank\" rel=\"noopener\">contiguous<\/a> single-tenant transaction in Orange County in the last 25 years. JCPenney <a href=\"https:\/\/www.commercialcafe.com\/blog\/nai-hiffman-closes-major-industrial-deal-orange-county\/\" target=\"_blank\" rel=\"noopener\">reportedly<\/a> leased back the space for another year, while CenterPoint locates a new tenant.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">8<\/span>Hackman, Calare, KBS Portfolio &#8211; $124,000,000<\/h4>\n<div id=\"attachment_12579\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12579\" class=\"size-full wp-image-12579\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg\" alt=\"\" width=\"1000\" height=\"479\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg?resize=150,72 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg?resize=591,283 591w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_555_Taylor_rd_LEGO01cropped.jpg?resize=768,368 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12579\" class=\"wp-caption-text\"><em>555 Taylor Road, Enfield, CT, fully occupied by LEGO<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Winstanley Enterprises<\/li>\n<li><strong>Seller:<\/strong> Hackman Capital Partners, Calare Properties, KBS REIT<\/li>\n<li><strong>Highlights:<\/strong> The portfolio consists of warehouse-distribution properties, located primarily in the northern Connecticut and\u00a0southern Massachusetts markets, and incorporates roughly 2.9 million square feet. At the time of sale, nine out of the ten properties were 100% leased. Tenants include LEGO Systems, Home Depot and Coca-Cola.\u00a0CBRE National Partners represented the seller, a joint venture\u00a0formed by Hackman Capital Partners, Calare Properties and KBS REIT.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">9<\/span>Chicagoland Industrial Portfolio &#8211; $101,184,000*<\/h4>\n<div id=\"attachment_12583\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12583\" class=\"size-full wp-image-12583\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg\" alt=\"\" width=\"1000\" height=\"515\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg?resize=150,77 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg?resize=583,300 583w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Centex_Industrial_Niles_ILcropped.jpg?resize=768,396 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12583\" class=\"wp-caption-text\"><em>Centex Industrial Park &#8211; 2200 Lunt Avenue, Elk Grove Village, IL (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Brennan Investment Group<\/li>\n<li><strong>Seller:<\/strong> Colony Realty Partners<\/li>\n<li><strong>Highlights: <\/strong>To start off the year, Brennan increased its Chicago footprint to 11 million square feet, with this 30-property portfolio acquisition.\u00a0Located in the submarkets of Near North, Central DuPage, and O&#8217;Hare,\u00a0assets include the <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/il\/niles\/howard-plaza-business-center\/\" target=\"_blank\" rel=\"noopener\">Howard Industrial Plaza<\/a> in Niles, Centex Industrial Park in Elk Grove Village, and Kensington Business Center in Mount Prospect. According to the buyer, the portfolio was 85% occupied at the time of sale and in need of some cosmetic improvements.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">10<\/span>350 Starke Road &#8211; $73,000,000<\/h4>\n<div id=\"attachment_12586\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12586\" class=\"size-full wp-image-12586\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg\" alt=\"\" width=\"1000\" height=\"572\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg?resize=150,86 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg?resize=524,300 524w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Meadowlands-Distribution-Center-350-Starke-Road_02_cropped.jpg?resize=768,439 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12586\" class=\"wp-caption-text\"><em>Meadowlands Distribution Center, 350 Starke Road, Carlstadt, NJ (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Bentall Kennedy<\/li>\n<li><strong>Seller:<\/strong> CIM Group LP<\/li>\n<li><strong>Highlights:<\/strong>\u00a0The New Jersey industrial market is <a href=\"https:\/\/re-nj.com\/industrial-strength-prices-are-soaring-as-investors-jockey-for-warehouse-logistics-space-in-new-jersey\/\" target=\"_blank\" rel=\"nofollow noopener\">reportedly<\/a> tightening\u2014demand is at historic highs, while supply is short, and developable sites are becoming scarce. Bentall Kennedy&#8217;s acquisition of the Meadowlands Distribution Center was one of few sales of core opportunities along the New Jersey Turpike. The property was 100% leased to\u00a0Medimedia, Stone Source and Toyo.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">11<\/span>Bridge Development Cold Storage &#8211; $72,589,000*<\/h4>\n<div id=\"attachment_12587\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12587\" class=\"size-full wp-image-12587\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg\" alt=\"\" width=\"1000\" height=\"575\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg?resize=150,86 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg?resize=522,300 522w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_8424-west-47-st-lyons-illinois_cropped.jpg?resize=768,442 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12587\" class=\"wp-caption-text\"><em>8424 West 47Th Street, Lyons, IL (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Investcorp International Realty<\/li>\n<li><strong>Seller:<\/strong> Bridge Development Partners<\/li>\n<li><strong>Highlights:<\/strong> Investcorp&#8217;s acquisition of this three-property Illinois cold storage portfolio lands at number 11 on our list. The properties are located in Bartlett, Chicago, and Lyons, and were sold at 93% occupancy. According to <a href=\"https:\/\/www.globest.com\/sites\/brianjrogal\/2017\/05\/04\/institutional-investors-getting-into-cold-storage\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>GlobeSt<\/em><\/a>, Bridge retained minority ownership and stayed on as property manager.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">12<\/span>5000 Bohannon Road &#8211; $62,000,000<\/h4>\n<div id=\"attachment_12590\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12590\" class=\"size-full wp-image-12590\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg\" alt=\"\" width=\"1000\" height=\"464\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg?resize=150,70 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg?resize=591,274 591w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_5000_Bohannon_Rd_cropped.jpg?resize=768,356 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12590\" class=\"wp-caption-text\"><em>5000 Bohannon Road, Fairburn, GA (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> TA Realty<\/li>\n<li><strong>Seller:<\/strong> Core5 Industrial Partners<\/li>\n<li><strong>Highlights:<\/strong> The\u00a0873,800-square-foot South Atlanta facility was the object of <a href=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/29\/2017\/07\/Q2-2017_IndustrialMarketReport-1.pdf\" target=\"_blank\" rel=\"noopener\">Q2 2017<\/a>&#8216;s top transaction on the Atlanta industrial market. The property was fully leased to Duracell back in January, and is operated by\u00a0Sonoco and DHL. Full production is expected in Q4 2018.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">13<\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/irvine\/alton-plaza\/\" target=\"_blank\" rel=\"noopener\">Alton Plaza<\/a> &#8211; $58,000,000<\/h4>\n<div id=\"attachment_12591\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12591\" class=\"size-full wp-image-12591\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg\" alt=\"\" width=\"1000\" height=\"512\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg?resize=150,77 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg?resize=586,300 586w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_AltonPlaza_Irvine_cropped.jpg?resize=768,393 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12591\" class=\"wp-caption-text\"><em><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/irvine\/alton-plaza\/\" target=\"_blank\" rel=\"noopener\">Alton Plaza campus buildings &#8211; 15295 Alton Pkwy, Irvine CA<\/a> (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Irvine Company<\/li>\n<li><strong>Seller:<\/strong> AEW Capital Management<\/li>\n<li><strong>Highlights:<\/strong> This 19-building portfolio also includes some office space, but is mostly industrial. Irvine purchased the 14-acre campus asset at 95% occupancy, leased to a diverse collection of tenants in the technology, engineering, R&amp;D, medical and real estate sectors.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">14<\/span>ElmTree Portfolio &#8211; $56,552,000*<\/h4>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d1734.194636185293!2d-71.20398254388964!3d42.161924232753535!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x89e47e1a113ef4b5%3A0x90f2b039333e50c1!2s2+Edgewater+Dr%2C+Norwood%2C+MA+02062%2C+USA!5e1!3m2!1sen!2sro!4v1503985028392\" width=\"800\" height=\"600\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<ul>\n<li><strong>Buyer:<\/strong> IRA Capital<\/li>\n<li><strong>Seller:<\/strong> ElmTree Funds<\/li>\n<li><strong>Highlights: <\/strong>The three-property portfolio is spread across three states. The assets are located in Aiken, S.C., Florence, Ky., and Norwood, Mass., and are leased to Siemens, Owens Corning, and SWECO-a Schlumberger company.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">15<\/span>West by Northwest Industrial\u00a0&#8211; $55,000,000<\/h4>\n<div id=\"attachment_12593\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12593\" class=\"size-full wp-image-12593\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg\" alt=\"\" width=\"1000\" height=\"608\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg?resize=150,91 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg?resize=493,300 493w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_WestbyNorthwestIndustrial_6450ClaraRoad_cropped.jpg?resize=768,467 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12593\" class=\"wp-caption-text\"><em>West by Northwest Industrial &#8211; 6450 Clara Road, Houston TX (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Prologis<\/li>\n<li><strong>Seller:<\/strong> TIAA-CREF Investment Management<\/li>\n<li><strong>Highlights:\u00a0<\/strong>With the acquisition of these four buildings, Prologis expanded its ownership to 24 of 26 assets in the Houston business park. The properties were 95% leased at the time of sale.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">16<\/span>Aptakisic Creek Corporate Park &#8211; $48,500,000<\/h4>\n<div id=\"attachment_12595\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12595\" class=\"size-full wp-image-12595\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg\" alt=\"\" width=\"1000\" height=\"620\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg?resize=150,93 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg?resize=484,300 484w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Aptakisic_1701_cropped.jpg?resize=768,476 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12595\" class=\"wp-caption-text\"><em>Aptakisic Creek Corporate Park &#8211; 1701 Leider Lane, Buffalo Grove, IL (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> PSP Capital Partners<\/li>\n<li><strong>Seller: <\/strong>Bridge Development Partners<\/li>\n<li><strong>Highlights:<\/strong> The three-building Buffalo Grove, Ill., corporate park was developed in 2008 by Bridge Development Partners, alongside McMorgan &amp; Co. Totaling roughly 510,000 square feet, the Aptakisic Creek Park is home to Sysmex America Inc., ConneXion, Leica Microsystems, and PrimeSource Building Products. <strong><br \/>\n<\/strong><\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">17<\/span><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/santa-clarita\/lincoln-industrial-center-ii-24700-24730-avenue-rockefeller-27460-27420-avenue-scott\/\" target=\"_blank\" rel=\"noopener\">Lincoln Industrial Center II<\/a> &#8211; $45,650,000<\/h4>\n<div id=\"attachment_12596\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12596\" class=\"size-full wp-image-12596\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg\" alt=\"\" width=\"1000\" height=\"530\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg?resize=150,80 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg?resize=566,300 566w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_Lincoln_Industrial_center_SantaClarita_cropped.jpg?resize=768,407 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12596\" class=\"wp-caption-text\"><em><a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ca\/santa-clarita\/lincoln-industrial-center-ii-24700-24730-avenue-rockefeller-27460-27420-avenue-scott\/\" target=\"_blank\" rel=\"noopener\">Lincoln Industrial Center II, 24700 Avenue Rockefeller, Santa Clarita, CA<\/a> (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> LBA Realty<\/li>\n<li><strong>Seller:<\/strong> Bristol Group<\/li>\n<li><strong>Highlights:<\/strong> LBA Realty&#8217;s acquisition of the three-building, 338,551-square-foot Lincoln Industrial Center in the <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ca\/santa-clarita\/\" target=\"_blank\" rel=\"noopener\">Santa Clarita Valley<\/a> from Bristol Group was the largest Los Angeles industrial market sale of this year&#8217;s second quarter. The campus tenant roster includes PDA Valencia, HobbyTron.com and Fly A Kite Productions.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">18<\/span>355 Corporate Center &#8211; $44,635,000<\/h4>\n<div id=\"attachment_12598\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12598\" class=\"wp-image-12598 size-full\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg\" alt=\"\" width=\"1000\" height=\"557\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg?resize=150,84 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg?resize=539,300 539w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_355Corporate-Center-building-2_cropped.jpg?resize=768,428 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12598\" class=\"wp-caption-text\"><em>355 Corporate Center Building 2, 16410 South John Lane Crossing, Lockport, IL (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Duke Realty<\/li>\n<li><strong>Seller:<\/strong> Panattoni Development, PCCP<\/li>\n<li><strong>Highlights:<\/strong> Indiannapolis-based Duke Realty follows through with plans to expand its Greater Chicago presence, by acquiring the two recently completed facilities of <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/il\/lockport\/\" target=\"_blank\" rel=\"noopener\">Lockport&#8217;s new corporate center<\/a>. The asset was 100% leased at the time of sale, to tenants including UPS, Illinois industrial Tool, and DFS Inc. A third, 300,494-square-foot building was under construction at the time, and Duke Realty had entered an agreement to also purchase 355 Corporate Center &#8211; Building 3 upon completion.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">19<\/span>Franklin Commerce Center &#8211; $44,600,000<\/h4>\n<div id=\"attachment_12601\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12601\" class=\"size-full wp-image-12601\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg\" alt=\"\" width=\"1000\" height=\"494\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg 1000w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg?resize=150,74 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg?resize=591,292 591w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_13_jensen_somerset_NJ_cropped.jpg?resize=768,379 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><p id=\"caption-attachment-12601\" class=\"wp-caption-text\"><em>Franklin Commerce Center &#8211; 13 Jensen Drive, Somerset, NJ (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer:<\/strong> Cabot Properties<\/li>\n<li><strong>Seller:<\/strong> Prologis<\/li>\n<li><strong>Highlights:\u00a0<\/strong>As the premier New Jersey markets are becoming short on supply, investors looking to industrial inventory are shifting focus towards assets in secondary markets, as well. Cabot Properties&#8217; purchase of the 366,896-square-foot Franklin Commerce Center in Somerset, N.J., is one example. Located roughly 14 miles from the New Jersey Turnpike, the property is leased to tenant like Roadtex, Circle Glass, and Axis Global Logistics.<\/li>\n<\/ul>\n<h4><span class=\"bullet1r\">20<\/span>Ed Bennett Lakewood, NJ portfolio &#8211; $43,500,000<\/h4>\n<div id=\"attachment_12603\" style=\"width: 971px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12603\" class=\"size-full wp-image-12603\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg\" alt=\"\" width=\"961\" height=\"581\" srcset=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg 961w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg?resize=150,91 150w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg?resize=496,300 496w, https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/YM_1245-Airport-Road_LakewoodNJ_cropped.jpg?resize=768,464 768w\" sizes=\"auto, (max-width: 961px) 100vw, 961px\" \/><\/a><p id=\"caption-attachment-12603\" class=\"wp-caption-text\"><em>1245 Airport Road, Lakewood, NJ (courtesy of Yardi Matrix)<\/em><\/p><\/div>\n<ul>\n<li><strong>Buyer<\/strong>: Gem Ambulance<\/li>\n<li><strong>Seller:<\/strong> Ed Bennett Properties<\/li>\n<li><strong>Highlights:<\/strong> The Lakewood, N.J., portfolio accommodates a FedEx Ship Center, a Preferred Behavioral Health location, and a Sears parts and repair center. The asset consists of buildings at 725, 730, 750, 945 and 1245 Airport Road, 170 and 430 Oberlin Avenue North and 1000 Bennett Blvd.<\/li>\n<\/ul>\n<h4><em>Methodology:<\/em><\/h4>\n<ul>\n<li><em>Transactions recorded between January 1st and June 31st, 2017<\/em><\/li>\n<li><em>*Some of the prices were estimated based on a &#8216;tax-transfer&#8217; formula<\/em><\/li>\n<li><em>In the case of mixed-use assets,\u00a0only properties with more than 50% industrial space were taken into account<\/em><\/li>\n<li><em>Data sources: Yardi Matrix sales data and proprietary research<\/em><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In the past few years, industrial markets across the country have been on the receiving end of increased interest, according to the latest market research reports. As the economy continues to shift towards modern industrial sectors, we thought we&#8217;d take a look at the top industrial deals closed so far this year. With the&hellip;<\/p>\n","protected":false},"author":48,"featured_media":12479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,41],"tags":[],"class_list":["post-12474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-industrial","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 20 US Industrial Real Estate Deals of H1 2017 - 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