FirstWord 2013 First Quarter Newsletter

Volume 9
Issue 1
1Q 2013
First Industrial Realty Trust TENANT NEWSLETTER
FIRSTWord
INSIDE
3
GOING GREEN:
When you
recycle your
bottles and cans,
ever wonder how
that happens? Find
out here.
4
OUR TEAM:
Meet a
member of our
professional staff and
learn the secrets that
make him an expert.
FOR LEASE:
Check out
our featured
properties in top
industrial markets.
5
First Industrial's Atlanta Portfolio
Is Serving Some New Customers
...606,411 SF Worth To Be Exact
TOP STORY
First Industrial Realty Trust
recently announced five lease
agreements signed totaling
606,411 square feet in the
Atlanta market.
of supply chain and logistics
services, leased 98,483 square
feet at the facility to serve its
customers in the region.
At 80 Liberty Industrial
Parkway in South Atlanta,
First Industrial leased 38,493
square feet to a leading
At 4071 Southmeadow
Parkway, First Industrial leased automotive parts and
accessories company. This
111,435 square feet to Porex
bulk distribution property
Corporation, a developer
built in 2002 will be used for
and manufacturer of porous
plastic products. The building storage of parts critical to their
business.
will serve as the national
distribution center for Porex
products. In addition, NGL
(continued on page 7)
Warehouse, LLC, a provider
137,610 SF is available at First
Industrial's 1650 Highway 155
cross-dock facility in McDonough, GA
ON CALL:
Find a handy
list of regional
contacts and phone
numbers for your use.
8
www.firstindustrial.com | 1Q 2013
1Q
First Industrial TENANT NEWSLETTER
NEED TO
KNOW
SPRING AHEAD:
For those of you on
Daylight Savings Time,
don’t forget to move your
clocks ahead one hour on
Sunday, March 10.
MARK YOUR
CALENDAR:
Our offices will be closed
Monday, February 18 for
President's Day. Please call
our after-hours contact
numbers for emergencies.
MAINTENANCE
REQUESTS:
It’s the start of a new
year— a good time to make
building improvements.
Call your maintenance
contact to receive
consulting on your ideas.
SUGGESTION BOX:
Please let us know
how we can better serve
your needs. Send your
feedback to firstword@
firstindustrial.com.
2
Welcome New Tenants!
Air-Time Express USA Inc.
Karen Forey Design Group, Inc.
Allied Window Fashions Inc.
Manageaire, LLC
American Dawn, Inc.
Mizkan Americas, Inc.
Antiques and Marble Tops
NGL Warehouse, LLC
Audio Logic Pro Sound Company
Noble Properties of MN
Autosales, Incorporated
Ontime Toys, Inc.
Belfor USA Group, Inc.
OSA International, Inc.
Carboline Company
Peak Nutritional Products, LLC
Caribbean Cargo, D.C., LLC
Penn-Ridge Transportation
Certified Engineering Systems
Pizza Wholesale of Lexington, KY
Champion Glass & Mirror, Inc.
Pony Xpress Printing, LLC
Clem Enterprises
Porex Corporation
Consus, Inc.
Primal Innovation, LLC
DDX Technologies, Inc.
Prime Industries, Inc.
Dillon Tire, Inc.
Princeton Distribution, LLC
District Healthcare & Janitorial
Recall Secure Destruction Service
DRR Enterprises
Rocky Mountain Popcorn Company
Elgin Sports Center, LLC
Roth Medical, Inc.
Elias Wilf Corporation
Rug Doctor Inc.
Estenson Logistics, LLC
Shopjimmy.com
Extreme Liquidations
Sincerity Bridal, Inc.
Floor Technologies, Inc.
Spartan Logistics
Focus Tools Colorado LLC
Stone Security, LLC
Fox Transportation, Inc.
Suntel Services, LLC
Furniture Installation Solutions
T.I.B. Inc.
Hanna Instruments United States
TD Automotive Compressor GA, LLC
Hiep Tai Arlington
The Woods Hole Group, Inc.
Icebox, Inc.
Transportation and Warehouse Svcs, Inc.
Imagine! Print Solutions
Tri-Ed Distribution, Inc.
Imperial Lithographing Corp.
Trihydro Corporation
Impressive Prototypes, LLC
UMI Fashion, Inc.
Intelliquick Delivery of Color
United States of America
J. D. Stevenson & Associates
Universal Builders of America
J.B. Hunt Transport, Inc.
Waters of America, LLC
Kanan Enterprises, LLC
www.firstindustrial.com | 1Q 2013
1Q
TENANT NEWSLETTER First Industrial
So, how do things really
get recycled?
Our busy lives disconnect
us from all sorts of things
– how food is grown, how
goods are produced, and
the processes behind
recycling. The following is a
brief overview of how some
products are recycled past
the point of extraction.
Aluminum cans
After arriving at a smelter
and being inspected,
crushed aluminum cans
are shredded. The pieces
are heated to remove the
paint and any moisture,
after which the material
passes over fine screens to
remove contaminants. The
material is heated again
to its melting point (about
1,112 degrees Fahrenheit)
and chemicals are added to
separate more impurities
that are then skimmed
off. Aluminium and other
metals may then be added
to bring molten material
to the required alloy
specification.
The molten aluminum is
poured into large ingots
and, once cooled and
cleaned, sent through
rollers multiple times until
a thin sheet is produced.
methanolysis or glycolosis,
which can restore the
material to the original raw
material and are blended
to create new Polyethylene
Terephthalate.
This sheet can then be
remade into cans.
It’s an intensive process,
but the recycling energy
savings are around 95
percent, compared to
mining and smelting from
new raw materials. Also,
these cans can be recycled
an unlimited number of
times.
Plastic containers
The containers are first
inspected for foreign
materials, then sorted
into colors. They are
then sterilized, crushed
and chopped into flakes.
The flakes undergo
another separation and
cleaning process to
remove remaining foreign
materials. The flakes are
then chemically reverseengineered by either
1Q 2013 | www.firstindustrial.com
The recycling energy
savings of plastic soda and
water bottles is around 90
percent.
Glass bottles and jars
The glass is separated
by color and broken into
small pieces, usually at a
recycling center, in order
to cut down on volume
for shipping. They are
then transported to a
bottle-making plant where
the material is crushed.
Magnets, filters and
vacuums remove foreign
objects such as labels
and metals. The cleaned
powdered glass, known as
cullet, is mixed with raw
materials and placed in a
furnace which melts it into
molten glass. The glass is
now ready to be formed
into new bottles and jars.
Glass recycling uses only
two-thirds of the energy
needed to manufacture
glass from raw materials.
3
1Q
First Industrial TENANT NEWSLETTER
Meet Larry Cochrun, Director of Development
TEAM MEMBER PROFILE
Larry Cochrun, our Director of
Development in the Los Angeles
office, spoke to FirstWord for this
issue's team member profile.
Q: What does your
job entail?
A: As the director of
development for the West
Coast, my job primarily
entails land acquisitions, land
entitlements and building
developments. In the land
entitlement process, I work
with local government
entities to convert land with
generic commercial zoning
to warehouse zoning. During
this process, the utilities
infrastructure, including
water, gas and electric, is
added for industrial use so our
customers can efficiently run
their operations.
Q: Tell us about a typical day
for you.
A: A typical day starts early in
the morning with calls during
my commute (Los Angeles
4
commutes are infamously
long, so I can accomplish a
lot!). When I arrive at the office,
I work with our team of local
and corporate professionals
to review multiple land
opportunities submitted by
our brokerage community. We
then determine if the location
and terms meet our criteria
to consider pursuing further
for development. Many land
sites are not widely marketed,
so our close connection with
local companies and local
land owners allows us to know
when they are interested
in monetizing some land.
Since we have a strong track
record for closing quickly and
efficiently, we're always first on
their list for consideration.
A: This situation involved
our largest tenant with the
longest lease in our region.
We knew they had to be out
of their current facility pretty
quickly. It was not an easy
task, but our team locked
arms and got a several
hundred thousand square
foot tenant in place—and in
only three weeks. We were
also able to secure temporary
dock plates and bumpers at
no additional cost to ensure
they would be able to move in
on time.
Q: What makes your job
most rewarding?
A: One of the most rewarding
aspects of my job is the quality
professionals that I work
with from across the country
Q: What have you learned on every day, especially the
the job with First Industrial? talented due diligence and
A: With clear vision and a
environmental teams at our
quality team effort, anything is corporate office.
possible. Our West Coast team
is lean and efficient, but we
Q: What do you think
have accomplished big things. distinguishes First Industrial
Our leasing, investment and
from other real estate
property management folks
companies?
work together to service our
A: The clarity of goals from
customers to the highest
our senior management. We
standards.
know exactly what we need
to do to and have all of the
Q: What is a unique situation autonomy and tools to not
you have had with a tenant
only meet but exceed our
and how were you able to
goals.
resolve it?
www.firstindustrial.com | 1Q 2013
1ST QUARTER 2013
featured properties
First Bandini Logistics Center
5555 Bandini Boulevard
Bell, CA
First Chino Logistics Center
6185 Kimball Avenue
Chino, CA
2300 Corporate Center Drive
Thousand Oaks, CA
8716 W. Ludlow Drive
Peoria, AZ
Available SF: 489,000
Available SF: 300,300
Available SF: 88,064
Available SF: 59,026
11701 East 53rd Avenue
Denver, CO
2300 West Highway 13
Burnsville, MN
316 Lake Hazeltine Drive
Chaska, MN
816 111th Street
Arlington, TX
Available SF: 81,981
Available SF: 124,119
Available SF: 60,000
Available SF: 65,000
7800 Cochran Road
Glenwillow, OH
First Logistics Center @ I-83
20 Leo Lane
York, PA
1820 Portal
Baltimore, MD
596 Bonnie Valentine
Pendergrass, GA
Available SF: 171,000
Available SF: 583,525
Available SF: 200,928
Available SF: 708,000
First Industrial Realty Trust is a leading owner and operator of industrial real estate.
Go to www.firstindustrial.com to search
all available property opportunities.
1Q
First Industrial TENANT NEWSLETTER
WHERE WE ARE
TWIN CITIES SOUND BITE
MARKET/
REGION
First Industrial recently
announced a long-term
289,130 square-foot lease in Minneapolis with ShopJimmy.
com. ShopJimmy.com, one of Minneapolis’ fastest-growing
companies, is an online retailer that supplies TV parts
and lamps, TV stands, refurbished TVs, and electronics
accessories to thousands of customers across the globe.
TOTAL
TOTAL
PROPERTIES MARKET SF
ATLANTA
39
6,414,256
BALTIMORE
25
1,875,254
CALIFORNIA
42
4,135,159
CHICAGO/
MILWAUKEE
57
7,868,202
DALLAS/
FT. WORTH
87
6,065,428
DENVER
48
2,836,157
DETROIT
119
5,880,428
FLORIDA
44
1,726,208
HOUSTON
32
3,622,210
INDIANAPOLIS
35
3,740,709
MINNEAPOLIS
36
4,623,682
NASHVILLE
11
2,567,840
NEW JERSEY
27
2,097,303
OHIO
15
2,059,319
PENNSYLVANIA
34
7,119,106
PHOENIX
11
1,103,290
SALT LAKE CITY
41
1,123,941
SEATTLE
4
390,321
ST. LOUIS
18
2,837,578
First Industrial Realty Trust, an established
REIT, owns, manages and has under
development 68 million s.f. of industrial
space across 726 properties in the top
North American industrial markets.
6
REGIONAL SPOTLIGHT
The warehouse facility, located at 2300 West Highway 13 in
Burnsville in the South Central submarket of Minneapolis,
will expand ShopJimmy.com’s capacity and help them
serve their growing customer base. This agreement, which
commenced in the third quarter and was expanded by
more than 50,000 square feet in the fourth quarter, was
one of the largest industrial leases in 2012 in the Twin Cities
market.
“First Industrial is pleased to have the opportunity to
serve the supply chain needs of ShopJimmy.com at our
I-35 Distribution Center,” said Chris Willson, senior regional
director for First Industrial’s Twin Cities portfolio. “This
building will allow them to consolidate operations to gain
efficiencies and expand capacity to accommodate their
rapid growth.”
First Industrial owns and manages approximately 4.4
million square feet of industrial properties in the Twin Cities
market. For more information about leasing opportunities,
contact Chris Willson at (952) 943-7492.
51,405 square feet is available at
9600 West 76th Street in Eden Prairie, MN
www.firstindustrial.com | 1Q 2013
1Q
TENANT NEWSLETTER First Industrial
606,411 S.F. of Atlanta Leasing its recovery, with demand
coming from a range of
continued from page 1
industries, as reflected by
our new tenants,” said Corey
First Industrial also signed
Richardson, regional director
a 252,000 square-foot
for First Industrial’s Atlanta
renewal with an expansion at region. “We are pleased to be
3060 South Park Boulevard
able to serve the industrial
with a national third-party
real estate needs of these
logistics provider. This bulk
quality companies.”
distribution facility has an
additional 159,193 square
The Atlanta industrial
feet currently available for a
market is comprised of more
single tenant.
than 400 million square
feet of space. The city is a
At 596 Bonnie Valentine Way major distribution center
at First Industrial’s Valentine
due to its comprehensive
Farms Distribution Center,
transportation network of air,
an automotive compressor
rail and Interstate highway
manufacturer leased 106,000 systems.
square feet for distribution
and warehousing of its
Atlanta is served by two
products.
railroads and the world’s
busiest airport. Flights out
“The Atlanta industrial real
of Hartsfield-Jackson
estate market continues
International Airport can
reach 80 percent of the major
cities in America within only
two hours. Additionally,
Atlanta is the convergence
of Interstates I-20, I-85 and
I-75, and 80 percent of the
population in the United
States can be reached via
freight shipments within
24 hours.
First Industrial, a leading
owner and operator of
industrial real estate and
provider of supply chain
solutions, currently owns
and manages approximately
5.6 million square feet
in its Atlanta region. For
leasing information on First
Industrial’s availabilities in
the Atlanta market, please
contact Corey Richardson,
Regional Director, at
(678) 578-0810 or via email at
[email protected].
Certificate of Insurance Check-Up
Rent Reminder
Is your Certificate of Insurance current?
As you know, your lease requires that you provide us with a
copy of your Certificate of Insurance naming your landlord
(typically First Industrial, L.P.) as an “Additional Insured.” Have
your insurance agent check your lease for the proper landlord
name. Upon renewal of your coverage, help us keep your files
with us up to date—simply ask your insurance agent to send
a Certificate of Insurance to your regional First Industrial office
(ATTN: Lease Administration). Also, if your lease requires it,
please send a copy to First Industrial’s corporate address at:
311 S. Wacker Drive, Suite 3900, Chicago, IL 60606.
Rent is due on the first day
of each month and should
be mailed to the address
provided in your lease. To
avoid late fees if paying by
manual check, please mail
your check on or before the
first of the month. Or, talk
to your local representative
about getting set up to
make electronic payments.
1Q 2013 | www.firstindustrial.com
7
1Q
CONTACT NUMBERS
First Industrial TENANT NEWSLETTER
REGION
MAIN PHONE
MAINTENANCE
LEASING
ACCOUNTING
AFTER HOURS
Atlanta
(678) 443-9670
Karen Glover
Corey Richardson
Racheal Moses
(770) 929-6239
Baltimore
(410) 312-2900
Kathy Lorusso
Jeff Thomas, Mac McCulloch Jennifer Irons
(410) 312-2900
California
(310) 414-5400
Jeff Evans
Ryan McClean, Jerry Devon
Linda Bauer
(714) 403-5493
Chicago
(312) 344-4300
Cynthia Vargas
Adam Moore
Claire Ball
(847) 233-0050
Cincinnati
(513) 860-0480
Ben Weil
Dan Meador
Debbie Higinbotham (866) 896-0480
Cleveland
(248) 357-4050
Michael Stadler
John Strabel
Nancy Shedlock
(216) 642-0585
Dallas
(972) 386-4700
Holly Tripp
Robert Allen, Royal Pratt
Bobby Elliott
(972) 419-5713
Denver
(303) 220-5565
Julie von Clausburg
Greg Downs, Chris Simmons
Theresa Hibbard
(303) 281-8063
Detroit
(248) 357-4050
Michael Stadler
John Strabel
Nancy Shedlock
(248) 357-4050
Florida
(813) 884-6161
Ben Wallert
David O'Reilly
Brenda Lamer
(813) 884-6161
Fort Worth
(972) 386-4700
Holly Tripp
Robert Allen, Royal Pratt
Bobby Elliott
(972) 419-5713
Harrisburg
(610) 594-9700
Heather Leader
Jeff Thomas
Jennifer Irons
(717) 525-2269
Houston
(713) 681-0885
Tim Sawyer
Royal Pratt
Nielle Summers
(281) 812-0015
Indianapolis
(317) 351-9330
Melissa Godwin
Dan Meador
Debbie Higinbotham (317) 309-0550
Milwaukee
(312) 344-4300
Cynthia Vargas
Adam Moore
Claire Ball
(847) 233-0050
Minneapolis
(952) 943-2700
Jeff Tuchtenhagen
Chris Willson
Christie Hladky
(800) 483-0058
Nashville
(314) 426-2111
Michelle Moore
John Wright
Anne Keusemann
(314) 426-2111
New Jersey
(973) 227-6600
Heather Becker
Richard Vanderbeck
Rosemary Hall
(800) 374-9033
Philadelphia
(610) 594-9700
Heather Leader
Jeff Thomas
Jennifer Irons
(610) 842-9095
Phoenix
(480) 483-0360
Nicholaus Fischer
Kevin Czerwinski
Nicholaus Fischer
(602) 316-3754
Salt Lake City
(303) 220-5565
Charisse Inglet
Chris Simmons
Theresa Hibbard
(801) 574-0722
Seattle
(310) 414-5400
Jeff Evans
Ryan McClean, Jerry Devon
Linda Bauer
(714) 403-5493
St. Louis
(314) 426-2111
Michelle Moore
John Wright
Anne Keusemann
(314) 426-2111
Toronto
(248) 357-4050
Michael Stadler
John Strabel
Nancy Shedlock
(248) 357-4050