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CapRock Partners Acquires Two Industrial Buildings Totaling 177,100 Square Feet In Sparks, Nev.
Following its first Northern Nevada acquisition, leading industrial real estate firm quickly bolsters portfolio with two existing Reno assets; brings value-add investment experience to supply-constrained market
Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners, announces its closing on two industrial assets totaling 177,100 square feet in Sparks, Nev. The two buildings, located at 120 and 250 Greg Street, are free-standing mid-bay warehouses within the Reno industrial real estate market’s Sparks infill submarket. CapRock’s acquisition represents a strategic addition to its value-add investment platform, which, including its development pipeline, now totals nearly 20 million square feet of industrial real estate throughout the Western and Central U.S.
CapRock acquired 120 and 250 Greg Street from an owner-user in an off-market transaction. The transaction marks CapRock’s second acquisition in Northern Nevada within 30 days, bringing the firm’s total Nevada portfolio to approximately 5.25 million square feet acquired or developed.
"Reno is a critical location in the Western U.S. supply chain and a leader in sustained industrial rent growth," said Chad Ridenour, senior associate at CapRock Partners. “120 and 250 Greg Street present an opportunity to bring our team’s depth of experience to improve and modernize two in-demand warehouse properties while enhancing the local business community’s efficiency and appeal and providing returns to our investors."
120 and 250 Greg Street are neighboring properties sharing a common entrance and truck court. 120 Greg Street totals 94,000 square feet and features eight dock-high doors, and three grade-level doors. Initially constructed in 1995, the building is currently demised into four suites ranging in size from approximately 20,000 square feet to 27,000 square feet. 250 Greg Street totals 83,100 square feet and features three dock-high doors and eight grade-level doors. Constructed in 1980, the building was expanded in 1995 and 2001. Its suite sizes range from approximately 9,000 square feet to 36,000 square feet.
CapRock’s plan is to renovate the two buildings and implement extensive capital improvements to enhance their functionality. Planned renovations include adding storefronts, building new offices, refreshing existing offices, installing LED lighting, new interior and exterior building paint, as well as making improvements to the site’s parking lots and landscaping.
120 and 250 Greg Street are easily accessible to S. McCarran Blvd. (SR 659), a main arterial ring road serving Reno and Sparks, and Interstate 80, a major east-west highway that connects primary Western cities such as San Francisco and Sacramento to Salt Lake City. The properties are approximately three and a half miles from Reno-Tahoe International Airport and approximately five miles to Downtown Reno.
“Sparks is located within the heart of the Reno industrial real estate market, an ideal location for manufacturing and regional distribution with convenient access to key transportation. It is one of the tightest submarkets in Northern Nevada and has experienced sustained rental rate growth,” added Ridenour. “Reno’s significant land constraints, driven by extensive federal land ownership and challenging natural topography, restricts opportunities for new industrial warehouse development, thereby limiting supply.”
The purchase transaction was facilitated by Brian Armon with NAI Alliance and his team, Tony Machabee and Derek Carroll. They are also leading the buildings’ leasing efforts.
"We are pleased to secure 120 and 250 Greg Street, two well-positioned industrial assets in Sparks, marking another step in CapRock’s strategic growth," said Jon Pharris, co-founder and president of CapRock Partners. "Since we began investing and developing in Nevada in 2017, we have established a strong foothold in the greater Las Vegas market. We are excited to expand our efforts in the northern region, pursuing more strategic value-add industrial properties and land sites for new industrial development."
CapRock recently announced its acquisition of 3200 USA Parkway, a 707,010-square-foot cross-dock industrial warehouse in Sparks, Nev. The Class A distribution building is within the Tahoe-Reno Industrial Center ("TRIC"), a premier industrial park within the land-constrained Reno industrial real estate market. With these two acquisitions, CapRock is approaching 900,000 square-feet in Reno and is actively looking for additional acquisitions throughout the Western and Central U.S.
ABOUT CAPROCK PARTNERS
Founded in 2009 in Newport Beach, Calif., CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. The company specializes in acquiring middle-market value-add industrial assets, developing large-scale institutional-quality Class A industrial warehouse facilities in key locations, and providing third-party asset management services for institutional investors. The firm is actively acquiring land for development and middle market value-add assets across the Western and Central U.S. Since inception, its total investment and development pipeline exceeds 32 million square feet of industrial real estate. Follow the company on Facebook, LinkedIn, X and Instagram.
Nulogy, a leading provider of supply chain collaboration solutions, is hosting a session during the Association of Supply Chain Management's ASCM Connect 2024. Nulogy, Kinaxis and Colgate-Palmolive executives will present “Orchestrating Digital Transformation: Nulogy & Kinaxis Empower Colgate-Palmolive’s External Network” on Monday, 9/9/2024, 3:45 - 4:45 p.m. CT in Ballroom E, Level 4.
In an era when digital transformation is paramount for sustainable growth, Colgate-Palmolive stands out as a leader in the consumer packaged goods space. With a strong digital transformation vision and strategic partners that tout the technical capabilities and expertise to bring it to life, Colgate and its extended supply network has been able to reap the benefits of digitally-infused agility, resilience and efficiency to outcompete in today’s marketplace.
The session will cover Colgate-Palmolive’s vision for transforming its supply chain planning and execution, highlighting the imperative to enhance supply chain synchronization and collaboration.
Nulogy and Kinaxis join Colgate-Palmolive in this talk to discuss how their best-of-breed solutions in advanced planning and scheduling and supplier collaboration have played pivotal roles in interconnecting Colgate’s network.
Speakers include:
Moderator: Christine Barnhart, CPIM Chief Marketing and Industry Officer, Nuology
Panelist: Kevin Wong Chief Operating Officer, Nulogy
Panelist: Polly Mitchell-Guthrie Supply Chain Thought Leader, Kinaxis
Panelist: German Vizcaya Leon VP Global Planning, Colgate-Palmolive
Check out the complete Colgate-Palmolive case study by visiting https://bit.ly/3z6xwPK.
Covington, KY — In a significant step toward redefining supply chain efficiency and boosting the local economy, Lakeshore Learning hired Zion Solutions Group, a trailblazer in advanced supply chain integration, to help implement a cutting-edge 1.2 million square foot distribution center in Garland, Utah. This collaboration is set to create over 500 jobs, showcasing an unparalleled commitment to innovation and community development.
“Our relationship with Lakeshore Learning, beginning in 2015, has been a testament to what visionary collaboration can achieve," stated Jim Shaw, President of Zion Solutions Group. “This is not just a collaboration; it’s a leap toward the future of supply chain management. By combining Lakeshore Learning’s vision with our technological expertise, we are set to introduce a distribution hub that exemplifies efficiency, sustainability, and economic growth for Garland."
Artin Ghazarian, Chief Supply Chain Officer at Lakeshore Learning, highlighted the project's ambition: "Our journey with Zion Solutions Group has been marked by a shared drive for excellence. This distribution center goes beyond expanding our logistical capabilities—it's a testament to our dedication to setting new industry standards for efficiency and environmental stewardship in supply chain management."
Jordan Frank, EVP & Co-Founder of Zion Solutions Group, emphasized the collaborative synergy: Our relationship with Lakeshore Learning is more than a partnership; it's a melding of minds aimed at redefining the future of our industry. We're not just optimizing logistics; we're crafting a model of innovation that leverages technology for smarter, more sustainable operations. Our goal is to inspire the sector by demonstrating how collaboration and technology together can create impactful solutions.”
The facility will harness the latest in automation and robotics to optimize both efficiency and scalability. Zion Solutions Group will play a crucial role in this evolution, meticulously shaping the project from its conceptual stages to its final form. This includes value-added engineering to support Lakeshore Learning’s specific needs, overseeing the procurement and engineering processes to ensure precision, and integrating advanced software solutions—including Zion Apex (WES)—for peak functionality. Beyond the project’s completion, Zion’s Customer Experience team will continue to support the operations team and provide optimization opportunities, ensuring the facility operates smoothly and evolves with technological advancements.
With an operational goal set for 2025, Lakeshore Learning’s Garland distribution center represents a major milestone in job creation and economic growth for the region. This initiative aligns with Zion's mission to drive sustainable innovation and cement its leadership in the market.
For more information about Zion Solutions Group and its groundbreaking projects, please visit https://thezsg.com/.
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About Zion Solutions Group
Zion Solutions Group, a leader in Supply Chain Integration, uses its 90+ years of knowledge to deliver memorable experiences and guide intelligent change. Specializing in material handling integration, Zion provides comprehensive services that include detailed data analytics, solution design, procurement, implementation, and post-implementation support. Our customer-centric approach and Project Lifecycle process ensure tailor-made solutions using cutting-edge technology, setting us apart in the industry. Zion, in support of its core purpose, “To Leave a Positive Impact on the Lives of Those We Touch,” is committed to driving success and sustainable growth for our partners and customers.
About Lakeshore—Products Designed with Learning in Mind®
Lakeshore Learning Materials is a leading developer and retailer of top-quality materials for early childhood education programs, elementary schools, and homes nationwide. Since 1954, Lakeshore Learning Materials has offered innovative learning materials distinguished by their quality, educational merit, and safety. To learn more, visit LakeshoreLearning.com.
Panel Built, Inc., a leading provider of modular offices, mezzanines, and custom-engineered structures, has announced plans to expand its primary facility, PB1. The expansion will include additional office and fabrication space, allowing the company to better accommodate its rapidly growing workforce and increasing demand for its innovative space solutions.
As Panel Built continues to experience significant growth in both personnel and market reach, this expansion marks a critical step in the company’s strategic development. The additional space will enable the company to enhance its operational efficiency and continue delivering high-quality products and services to its diverse client base. The expanded facility will also provide a more collaborative work environment for the Panel Built team, fostering innovation and reinforcing the company’s commitment to excellence.
"Panel Built has built a reputation for delivering modular solutions that meet the unique requirements of various industries, including commercial, military, government, and industrial sectors. The company's expertise in engineering, design, and installation has made it a trusted partner for organizations seeking efficient and customizable space solutions.
The Blairsville facility expansion is expected to be completed by early 2025. Panel Built is committed to maintaining uninterrupted service to its clients throughout the construction process, ensuring that all projects remain on schedule and meet the company’s high standards of quality."
- Mike Kiernan CEO
About Panel Built, Inc.
Founded with the mission "To Solve Our Customers' Space Needs With Excellence And Great Customer Service," Panel Built, Inc. specializes in modular construction, offering a range of solutions from modular offices and mezzanines to guardhouses and cleanrooms. With extensive experience in both public and private sectors, Panel Built is dedicated to delivering space solutions that meet the highest standards of quality, safety, and customer satisfaction.
Wolter Inc. Expands into Atlanta, GA with Acquisition of Dedicated Material Handling Solutions
Brookfield, WI - Sept 4th, 2024 - Wolter Inc., a leading provider of material handling solutions across seven states in the Midwest, has strategically expanded its footprint by acquiring Dedicated Material Handling Solutions (DMHS). With two established locations in Buford and Atlanta, GA, DMHS has a strong presence in the Atlanta metro market, positioning Wolter Inc. for significant growth in the Southeastern United States.
This acquisition enables Wolter Inc. to bring its industry-leading services and extensive product offerings to the thriving industrial and logistics hub of the Atlanta Metro area. It aligns with Wolter Inc.’s vision of becoming a national leader in material handling while maintaining a strong emphasis on local service excellence.
Key Benefits:
• Expanded Product Line: DMHS customers will now have access to Wolter Inc.’s comprehensive range of material handling solutions, including forklifts, automation & robotic technologies, and more.
• Enhanced Service: Wolter Inc.’s renowned technician training program and robust tech support system will extend to the Southeast, providing Atlanta businesses with top-tier service and support.
• Local Expertise, National Strength: The combination of DMHS’s deep local market knowledge and Wolter Inc.’s national resources ensures that customers in the region receive unparalleled support.
Jerry Weidmann, CEO of Wolter Inc., remarked, “Acquiring Dedicated Material Handling Solutions is a natural extension of our growth strategy and a significant expansion into the Southeastern U.S. The Atlanta Metro area is a dynamic market, and we're excited to deliver our comprehensive solutions here. Together with the DMHS team, we are committed to driving success for our customers and reinforcing our commitment to exceptional material handling solutions nationwide.”
About Wolter Inc.
Wolter Inc. offers a wide range of material handling products and services, including forklifts, cranes, industrial storage, automation, dock equipment, and more. Wolter Inc. is dedicated to improving operational efficiency and productivity.
About DMHS: Dedicated Material Handling Solutions offers sales, service, rentals, and parts for all makes and models of forklift equipment. Including, tailored maintenance programs
Tire shredding machines play a crucial role in the recycling and disposal of used tires, transforming them into manageable pieces for further processing. The cost of these machines varies significantly based on several factors. Here’s an overview to help you understand what influences the price and how to get the best value for your investment.
1. Factors Affecting the Price of Tire Shredding Machines
(1)Capacity:
Small-Scale Machines: These are suitable for lower volume operations and typically cost between $20,000 to $50,000. They are designed to handle smaller quantities of tires and are ideal for smaller businesses or startups.
Medium-Scale Machines: With a capacity to process moderate amounts of tires, these machines range from $50,000 to $100,000. They are suitable for medium-sized enterprises or municipal recycling programs.
Large-Scale Machines: For high-volume processing, prices can exceed $100,000, reaching up to $150,000 or more. These machines are built for industrial-scale operations and high throughput.
(2)Features and Technology:
Basic Models: Standard machines with essential features will be on the lower end of the price spectrum. They are effective but may lack advanced functionalities.
Advanced Models: Machines equipped with advanced technology, such as automated controls, enhanced safety features, and higher efficiency, will command a higher price.
(3)Quality and Brand:
Established Brands: Reputable manufacturers with a track record of reliability and performance often have higher prices due to their proven quality and support services.
New or Lesser-Known Brands: These might offer lower prices, but it’s essential to consider their performance, durability, and after-sales support.
(4)Customization and Accessories:
Standard Configurations: Basic setups without additional accessories are more affordable.
Custom Configurations: If you need specific modifications or additional components like conveyor systems, magnetic separators, or advanced control systems, the cost will increase accordingly.
(5)Location and Shipping Costs:
Domestic Purchases: Purchasing from a local supplier can reduce shipping costs and facilitate easier support.
International Purchases: If importing, be prepared for additional costs related to shipping, customs duties, and potential delays.
2. How to Get a Quote
To obtain an accurate price for a tire shredding machine tailored to your needs, consider the following steps:
(1)Determine Your Requirements: Assess your processing needs, including the volume of tires, desired output size, and any additional features or customization.
(2)Contact Suppliers: Reach out to manufacturers and suppliers with your specifications. Provide details such as capacity, desired features, and any special requirements.
(3)Request Quotations: Obtain detailed quotations from multiple suppliers to compare prices and services. Ensure that the quotes include all potential costs, including shipping and installation.
(4)Evaluate Total Cost of Ownership: Consider not just the initial purchase price but also ongoing maintenance, energy consumption, and operational costs.
(5)Check Reviews and References: Research the supplier’s reputation and review feedback from other customers to ensure reliability and support.
The price of a tire shredding machine can vary greatly based on capacity, features, brand, and customization. By carefully evaluating your needs and obtaining quotes from several suppliers, you can make an informed decision that aligns with your budget and operational requirements. Investing in a quality tire shredding machine is essential for efficient tire recycling and contributes to a sustainable recycling process.
For a personalized quote and to discuss your specific requirements, please contact us through the following methods:
Phone Number: [+86-371-56177311]
WhatsApp: [+8615838176062]
WeChat: [+8615838176062]
Email Address: [sales@gepecotech.com]
We look forward to helping you find the right tire shredding machine for your needs.