Duke-Weeks goes on rampage in Midwest markets Indianapolis-based Duke-Weeks Realty Corp. has more than 1 million sq. ft. of spec industrial development planned in Indianapolis and Minneapolis. The company has also acquired a fully leased, 399,600 sq. ft. bulk distribution center and an adjacent 83 acres of land near Cincinnati from Dayton, Ohio-based NCR Corp.

With the developable land in suburban Cincinnati, Duke-Weeks can build 1.9 million to 2.1 million sq. ft. Duke-Weeks plans for third-party construction and build-to-suits at the site.

In Indianapolis, Duke-Weeks will develop a 450,000 sq. ft. build-to-suit for Ft. Wayne, Ind.-based North American Van Lines Inc. On the spec side, Duke-Weeks will develop a 481,440 sq. ft. bulk distribution facility, which is subject to final tax abatement and approval from the town of Plainfield, Ind.

In Minneapolis, Duke-Weeks has broken ground on two speculative buildings totaling 217,109 sq. ft. at the company's Crosstown North Business Center in suburban Brooklyn Park. The spec-flex development will include a 144,000 sq. ft. office/warehouse building and a 73,109 sq. ft. office/showroom building. The buildings are expected to be in service by spring 2000.

Dermody expands Pennsylvania presence Reno, Nev.-based Dermody Properties has begun construction on Blue Mountain Logistics Park in West Hanover Township, Pa., near Harrisburg. Dermody plans to build more than 1.4 million sq. ft. of spec industrial space at Blue Mountain in central Pennsylvania's tight industrial market.

The development's first phase, a $15 million 770,000 sq. ft. structure will be completed in the second quarter of 2000. Buildings of 140,000 sq. ft., 252,000 sq. ft. and 324,000 sq. ft. are expected to be built during the next three years.

Blue Mountain began developing in the Harrisburg market in 1998 with the construction of a 410,000 sq. ft. build-to-suit. According to David Loring, Dermody Properties' director of development, the company entered the central Pennsylvania market - and subsequently decided to expand - because of its access to the Northeast and central Atlantic states and because most of the warehouse/distribution product in the market is 20- or 30-years-old.

Carter & Associates brokers suburban Charlotte deal In a deal brokered by Atlanta-based Carter & Associates *ONCOR, Boston-based Cabot Industrial Trust purchased the $14.1 million, 471,744 sq. ft. West Marine building in Rock Hill, S.C., from Chicago-based Higgins Development Partners.

The facility is fully occupied by Watsonville, Calif.-based West Marine. Lawrence Shaw, partner in Carter & Associates' Charlotte office, represented Higgins in the transaction, the second Higgins sale in the Carolinas.

Dermody expands Pennsylvania presence Reno, Nev.-based Dermody Properties has begun construction on Blue Mountain Logistics Park in West Hanover Township, Pa. Dermody plans to build more than 1.4 million sq. ft. of spec industrial space at Blue Mountain in central Pennsylvania's tight industrial market.

The development's first phase, a $15 million 770,000 sq. ft. structure will be completed in the second quarter of 2000. Buildings of 140,000 sq. ft., 252,000 sq. ft. and 324,000 sq. ft. are expected to be built during the next three years.

Blue Mountain began developing in the Harrisburg market in 1998 with the construction of a 410,000 sq. ft. build-to-suit. According to David Loring, Dermody Properties' director of development, the company entered the central Pennsylvania market - and subsequently decided to expand - because of its access to the Northeast and central Atlantic states and because most of the warehouse/distribution product in the market is 20- or 30-years-old. While the permitting process was arduous, Loring expects strong demand based on the development's proximity to Interstate 78 and the age of the existing product in the market.

"I think the market is turning, and the quality of the product will continue to improve," says Loring.

Southern California continues on a roll Irvine, Calif.-based California Industrial Properties LLC has purchased a portfolio of four Southern California business parks totaling 438,000 sq. ft. for $22 million. The three largest parks were purchased in partnership with Baltimore-based Alex. Brown Realty Inc. The properties are at least 93% occupied.

With Alex. Brown Realty, California Industrial Properties purchased Lambert Palm Business Center, a 203,316 sq. ft. complex in La Habra, Calif.; and the 74,232 sq. ft. Founders Business Center in Yorba Linda, Calif., from Pasadena, Calif.-based Founders Financial Corp., for $13 million. The partnership also purchased Park La Habra, a 120,796 sq. ft. facility, from Des Moines, Iowa-based Principal Group for approximately $5.1 million.

Also, California Industrial Properties purchased Bloomfield Center in Santa Fe Springs, Calif., from a private investment group for $1.75 million.