REBusinessOnline

NAI Hanson Negotiates Long-Term Lease for 271,176 SF Industrial Facility in Mahwah, New Jersey

MAHWAH, N.J. - NAI James E. Hanson has brokered a lease with Snow Joe DC LLC for Sitex Group's new industrial facility located at 100 Performance Drive within Stateline Business Park in Mahwah. Situated on 20.7 acres, the warehouse offers a 36-foot clear height, 54-by-60-foot column spacing, 36 dock doors, ESFR sprinklers, two drive-in doors and parking for 25 trailers and 184 cars. Snow Joe is a manufacturer of innovative, eco-friendly and affordable land and garden tools. Kenneth Lundberg and …

Cruising Kitchens to Open 61,000 SF Production Facility in San Antonio

SAN ANTONIO — Cruising Kitchens, a fabricator of food trucks and mobile offices, will open a 61,000-square-foot production facility in San Antonio on May 18. The facility will be located at 2100 Mannix Drive near the San Antonio International Airport on the city’s north side, and will include an interactive lobby, viewing windows and a

Ziff Properties Acquires Flex Office Park in Greenville for $5.2M

GREENVILLE, S.C. — Ziff Properties has acquired Garlington Park in Greenville for $5.2 million. The four-building business park comprises office, flex and warehouse space and totals 119,734 square feet. Land Development Inc. sold the property, and The Whitmire Co. and SVN BlackStream arranged the transaction. The buildings were constructed between 2001 and 2008. Garlington Park is home to tenants such as Grey Eagle Traders, Pompeii Motorsports and Fabrico

Darwin Brokers Sale of 5,000 SF Industrial Building in Franklin Park, Illinois

FRANKLIN PARK, ILL. — Darwin Realty has brokered the sale of a 5,000-square-foot industrial building in Franklin Park for an undisclosed price. The property is located at 9129 Belden Ave. Amish Farmers, an organic foods retailer, purchased the property with expansion plans. The company, which sells meats, produce and other groceries, will use the property for warehouse space to supplement its retail outlet. Rollo Dace of Darwin represented the seller, Carbonara

Andover/CORFAC Brokers Sale of Industrial Building in Washington’s Puget Sound Region

FEDERAL WAY, WASH. - The Andover Co./CORFAC International has arranged the sale of an industrial property located at 2835 S. 344th St. in Federal Way, about 22 miles south of Seattle. Khalsa Gurmat Center purchased the 10,578-square-foot building from Federal Way Campus LLC for an undisclosed price. Brian Bruinink, Mike Hemphill and Jim Bisset of Andover/CORFAC represented the seller, while Jeff Crane, also with Andover/CORFAC, represented the buyer in the

InterFace Las Vegas Industrial Conference Coming April 24th

Western Real Estate Business and the InterFace Conference Group are pleased to announce the annual InterFace Las Vegas Industrial Conference on April 24th at the Four Seasons Hotel in Las Vegas. The big event will include those who are buying, selling, developing, redeveloping, leasing or financing industrial properties in the Las Vegas area. The conference will explore the latest trends in leasing, management and operations, as well as economic and demographic trends that impact the …

Equilibrium Equities Acquires 270,000 SF Industrial Facility in Upstate New York

NEW YORK CITY — Investment and development company Equilibrium Equities has acquired a 270,000-square-foot distribution center at 340 Upper Oakwood Ave. in Elmira Heights for an undisclosed price. The multi-tenant property was constructed in 1962 as a grocery distribution warehouse and includes 45 tailgate loading doors and a clear height of up to 28 feet. Equilibrium acquired the property from a former owner of Horwitz Paper, which was a large wholesale distributor of paper products and …

MRP Industrial Signs 220,800 SF Lease with La-Z-Boy at Industrial Park Near D.C.

BOWIE, MD. — MRP Industrial has signed La-Z-Boy to a 220,800-square-foot, full-building lease at 16101 Queen’s Court, located within Bowie’s Collington Park industrial development. Delivered in 2016, the facility is located roughly 18 miles northeast of Washington, D.C. The national furniture manufacturer will transfer its distribution and logistics operation, currently located in Odenton, Md., to the new facility this fall. Lisa Goodwin of MRP Industrial and Lance Schwarz of NAI Michael …

Crescent Communities Sells New 201,758 SF Industrial Building in Metro Charlotte for $12.7M

FORT MILL, S.C. — Crescent Communities has sold Lakemont East, a 201,758-square-foot industrial building in Fort Mill, a South Carolina suburb of Charlotte. Hartz Mountain Industries Inc. acquired the newly constructed building for $12.7 million, according to the Charlotte Business Journal. Patrick Gildea of CBRE arranged the transaction on behalf of Crescent. Lakemont East was developed in collaboration with architectural firms Merriman Schmitt and Gensler. The building is located within …

Bernard Arranges $4.8M Refinancing for Industrial Property in Chesterfield Township, Michigan

CHESTERFIELD TOWNSHIP, MICH. — Bernard Financial Group has arranged a $4.8 million loan for the refinancing of a 145,063-square-foot industrial property in Chesterfield Township, about 30 miles north of Detroit. An undisclosed tenant occupies the building. David Dismondy of Bernard arranged the loan on behalf of the borrower, 50625 RWB LLC. Genworth Life Insurance Co. provided the