REBusinessOnline

NAI Mertz Brokers $13.5M Sale of Industrial Property in New Jersey

MOORESTOWN, N.J. — NAI Mertz has brokered the $13.5 million sale of a 209,000-square-foot industrial property in Moorestown. Located at 540 Glen Ave., the property is currently fully leased to two tenants and features 18- to 24-foot clear heights as well as 40-by-40 foot column spacing. Fred Meyer and Jonathan Klear of NAI Mertz represented the seller, 540 Glen LLC, in the transaction. The buyer was One Liberty Properties

Markward Group Negotiates Sale of 32,000 SF Flex Facility in Bethlehem, Pennsylvania

BETHLEHEM, PA. — Markward Group has negotiated the sale of a 32,000-square-foot flex facility in Bethlehem. The sales price was undisclosed. Located at 2147 Ave. C, the property consists of a 30,500-square-foot heated warehouse and 1,500 square feet of office space. Michael Capobianco of Markward Group represented both the buyer, J.G. Petrucci, and the undisclosed seller in the

CBRE Orchestrates Sale of 64,000 SF Industrial Facility in Pawtucket

PAWTUCKET, R.I. — CBRE has arranged the sale of a 64,000-square-foot industrial flex facility in Pawtucket. Located at 670-710 Narragansett Park Drive, the property is currently 96 percent occupied by a tenant roster that includes Cintas, Granite City Electrical Supply, Johnson Controls, Rhode Island PBS, Shred-It and Sprint Corp. Situated on the first turn of the former Narragansett race track where famed race horse Seabiscuit once ran, the building and park are adjacent to the East …

Printing Manufacturer Signs 461,700 SF Lease to Relocate East Coast Distribution Warehouse to Richmond

RICHMOND, VA. — Brother International Corp., a manufacturer of printing, labeling and sewing machines, has signed a 461,700-square-foot lease to fully occupy Richmond’s largest ever speculative warehouse building. Brother International is relocating from New Jersey and is expected to move in to the new warehouse in the second quarter of this year. Matt Anderson of Colliers International represented the landlord, Panattoni Development Co., and Gregg Christoffersen and Andy Zezas of JLL …

NAI Hanson Negotiates Sale of 41,700 SF Industrial Building in Piscataway

PISCATAWAY, N.J. — NAI James E. Hanson has negotiated the sale of a 41,700-square-foot industrial building in Piscataway. The sales price was not disclosed. Located at 727 S. Ave., the property features 14-foot ceilings, five loading platforms and one drive-in door as well as 2,500 square feet of office space. Eric Demmers and Russell Verducci of NAI James E. Hanson represented the buyer, cabinet manufacturer Cavalli Cabinets LLC, in the transaction. The seller was Deals for Less LLC. Cavalli …

Hampshire Cos. To Develop 100,000 SF Self-Storage Facility in Connecticut

NEW LONDON, CONN. — The Hampshire Cos. has acquired a two-acre parcel in New London and has unveiled plans to develop a 100,000-square-foot self-storage facility on the site. The development site is located at 351 N. Frontage Road. The 800-unit facility will feature modern architecture with four levels of climate-controlled storage space. Construction is slated to begin in the second quarter. Hampshire Cos. has repositioned or developed 33 self-storage facilities with an aggregate value of …

Andersen, Opus Break Ground on 550,000 SF Manufacturing Facility in Goodyear, Arizona

GOODYEAR, ARIZ. — Minnesota-based Andersen Corp., a window and door manufacturer, along with Opus Development Co., has broken ground on a manufacturing facility within Goodyear Crossing Industrial Park in Goodyear. Situated on 26 acres, the 550,000-square-foot facility will feature 21 truck bays on the east side of the building, four truck bays on the southeast corner, rail service by two lines and a front entrance with two stories of glass windows. As lead developer, designer and …

Scott Development Group Sells Industrial Property in Denver for $6M

DENVER — Scott Development Group has completed the sale of an industrial facility located on a 4.5-acre site at 10777 E. 45th Ave. in Denver’s Montebello submarket. 3939 Williams Building Corp. acquired the property for $6 million. The property features 57,000 square feet of manufacturing and distribution space. Nick Schill of Pinnacle Real Estate Advisors represented the seller in the transaction.

CLIO LLC Signs 20,300 SF Industrial Lease in Piscataway

PISCATAWAY, N.J. — Snack food manufacturer CLIO LLC has signed a 20,300-square-foot industrial lease in the Piscataway Corporate Center in Piscataway. CLIO will utilize the space at 141 Ethel Road West to manufacture and distribute their chocolate-dipped Greek yogurt bars. The property features 22-foot ceilings and energy-efficient HVAC systems. Jaime Zimmel of Zimmel Associates represented the owner, Denholtz Associates, in the transaction. Terms of the lease were not

SSR Holdings Sells 46,250 SF Industrial Building in Houston

HOUSTON — SSR Holdings LLC has sold a 46,250-square-foot industrial building located at 1414 Sakowitz St. in Houston. According to LoopNet Inc., the property was built in 1974. Robert McGee and Chase Cribbs of Lee & Associates represented SSR Holdings in the deal. Brandon Wuntch, also of Lee & Associates, represented the buyer, PDFE Vinyl

Conferences