Amli Commercial to build in suburbanItasca, Ill.-based Amli Commercial Properties has announced plans to build Windham Industrial Center III, a 162,895 sq. ft. spec warehouse/distribution center in Amli's Romeoville, Ill., Windham Lakes Business Park.
The pre-cast facility will have 20 exterior docks, two drive-in doors and 30-foot ceilings. Completion is scheduled for September 1999.
Windham Lakes is Amli's largest business park, consisting of 500 acres with more than 250 acres developed since its opening in 1990.
HSA/Read makes $90M buy in Illinois and Southeast Chicago-based Hiffman Shaffer Associates Inc. has purchased a five building, 2.5 million sq. ft. portfolio for $90 million through the company's acquisition andarm, HSA/Read.
HSA/Read purchased a 1.5 million sq. ft. industrial/warehouse facility in Harvard, Ill., through a sale-leaseback with TruServ Corp., which signed a long-term lease for 80% of the building. In South Holland, Ill., the company acquired a 196,000 sq. ft. warehouse/distribution facility from Keystone Industries with plans to renovate the structure and lease it to one or two tenants. In Chicago, the firm purchased the 205,000 sq. ft. Federal Marine Terminal on a speculative basis in order to market the building to burgeoning Great Lakes traffic.
In Port Allen, La., HSA/Read acquired a 253,000 sq. ft. facility on 12 acres. HSA purchased the property from Service Merchandise and subsequently secured a lease with Dexco Polymer for the entire building.
Further south, HSA also bought a 375,000 sq. ft. warehouse in Ocala, Fla. The building features 29-ft. clear-height ceilings, 52 truck docks and is one of the largest facilities of its kind in the state. This building was also purchased on a speculative basis.
Major leases and development contracts for Panattoni Sacramento, Calif.-based Panattoni Development Co. has leased a 506,000 sq. ft. distribution facility in Fayettville, N.C., to Purolator Products. Panattoni also won a/build contract for a 769,698 sq. ft. flex facility in Roseville, Calif., as well as a development contract for a Fairfield, Calif., warehouse and distribution facility.
The Fayettville , N.C., project, which exceeded $11 million, will be used as a distribution warehouse and is Panattoni's first assignment for Purolator. The Roseville, Calif., building will serve as a manufacturing and distribution center for Hewlett-Packard computer products, and is Panattoni's second project for the high-tech company.
In Fairfield, Calif., Panattoni will design and build a $14.7 million, 348,000 sq. ft. warehouse for Manchester, Mich.-based Schmalbach-Lubeca Plastic Containers Inc. USA, Panattoni's second assignment for the company.
AP-Adler dives into Tampa's Tri-County Business Park AP-AdlerFund L.P., the commercial real estate investment fund formed by Adler Group and New York-based Apollo Real Estate Advisors, has acquired Tri-County Business Park, a 675,000 sq. ft. flex park northwest of Tampa, Fla.
Currently 94% occupied, the business park consists of 20 single-story buildings on 76.5 acres. AP-Adler purchased the property from John Hancock Mutual Life Insurance Co. and now owns more than 3 million sq. ft. of property.
ProLogis lands 10-year lease at Memphis Industrial Park Aurora, Colo.-based ProLogis Trust has announced a 10-year lease agreement with Hamilton Beach/Proctor-Silex (HBPS) for a recently completed 500,000 sq. ft. light manufacturing facility at Memphis Industrial Park.
The Memphis, Tenn., facility is expandable to 900,000 sq. ft. and consolidates HBPS's national distribution into one fully integrated facility.
The HBPS building is the first to open in the park. When completed, the park will consist of 1.4 million sq. ft. of distribution space built entirely by ProLogis.
Indianapolis-based Duke Realty Investments is set to begin DukePort VIII, a 260,000 sq. ft. speculative industrial development in St. Louis' Earth City Business Park.
As Duke's seventh Earth City Business Park development, DukePort VIII features 28-ft. clear-height ceilings, 42 dock doors and two drive-in doors.
Scheduled for completion this Spring, Earth City's DukePort V and DukePort VI are 44% and 87% preleased, respectively. The company owns 4.2 million sq. ft. of office and industrial space in St. Louis.