REBusinessOnline

NAI Partners Closes Sale of 89,914 SF Manufacturing Facility in Houston

HOUSTON — NAI Partners has closed the sale of an 89,914-square-foot manufacturing facility located at 6100 Cunningham Road in northwest Houston. An affiliate of United Equities Inc., a Bellaire, Texas-based real estate development and management firm, purchased the facility for an undisclosed price. The buyer will lease the space back to the seller, engineering firm KMEC. Travis Land and Michael Keegan of NAI Partners brokered the

Colliers Brokers Sale of 666,079 SF Industrial Portfolio in Metro Chicago

CHICAGO — Colliers International has brokered the sale of a five-building, 666,079-square-foot industrial portfolio in metro Chicago for an undisclosed price. The properties include: 550 and 600 North Commons in Aurora; 710-854 Foster Ave. in Bensenville; 1400-1538 Elmhurst Road in Elk Grove Village; 3456 Ridge Ave. in Arlington Heights; and 8220 Austin Ave. in Morton Grove. At the time of sale, the buildings were 85 percent leased to a roster of 77 tenants including Advocate Health, Amazon …

Contegra Completes $26M Distribution Facility Near St. Louis

EDWARDSVILLE, ILL. — Contegra Construction Co. has completed a new $26 million distribution facility at Gateway Commerce Center near St. Louis. Dubbed Gateway East 594, the 593,940-square-foot property features a clear height of 36 feet, 66 dock doors and two drive-in doors. This is the fifth distribution facility jointly developed by TriStar Properties and PCCP at Gateway Commerce Center, which now spans more than 15.2 million square feet. Ed Lampitt of Cushman & Wakefield is handling …

KeyBank Provides $18.8M CMBS Loan for Refinancing of Self-Storage Portfolio in Michigan

MICHIGAN — KeyBank Real Estate Capital has provided an $18.8 million CMBS loan for the refinancing of an eight-property self-storage portfolio in Michigan. Known as Berger U-Store Portfolio, the assets total 3,176 units and 431,755 square feet. Dennis Bernard and Kevin Kovachevich of Bernard Financial arranged the 10-year loan, which will be used to refinance existing debt on seven of the properties and acquire the remaining

Stubblebine/CORFAC Negotiates $6.9M Sale of Industrial Facility Near Worcester

WEST BOYLSTON, MASS. — The Stubblebine Co./CORFAC International has negotiated the $6.9 million sale of 180 Shrewsbury Street, a 149,000-square-foot industrial building in West Boylston, about eight miles north of Worcester. David and James Stubblebine represented both the seller, WRT Management, and the buyer, 180 Shrewsbury Street LLC, in the transaction. The high-bay distribution building is leased on a long-term basis to Bunzl

Bussel Realty Arranges Sale of 36,000 SF Industrial Building in New Jersey

SOUTH PLAINFIELD, N.J. — Bussel Realty Corp. has arranged the sale of 121 Corporate Blvd., a 36,000-square-foot industrial building in South Plainfield. The price was undisclosed. Herb Zimmerman of Bussel Realty represented the buyer, Touch Dynamic, in the transaction. The seller was Adler Development. Touch Dynamic, a maker of touch-screen computers and monitors, will utilize the facility for the manufacturing, servicing, testing, shipping and distribution of its products. The property is …

TAC to Redevelop 270,000 SF of Industrial Space in Texarkana, Texas

TEXARKANA, TEXAS — TexAmericas Center (TAC), a Texas-based redevelopment authority specializing in the revitalization of former military industrial product, will rehabilitate part of the former Lone Star Army Ammunition Plant in Texarkana. The project will add approximately 270,000 square feet of sub-dividable, move-in-ready industrial space to the property, which is located on the company’s East Campus. Retrofit plans will include the installation of three-phase electricity, office space, …

Cravey Brokers Sale of 6,372 SF Flex Property in Corpus Christi

CORPUS CHRISTI, TEXAS — Cravey Real Estate Services Inc. has brokered the sale of a 6,372-square-foot flex property located at 229 S. Padre Island Drive in Corpus Christi. Built in 1991, the property is zoned for light industrial uses and consists of 5,272 square feet of office space and 1,100 square feet of warehouse space. Matt Cravey of Cravey Real Estate Services represented the seller, Charan Investments Ltd. Scott Fauver, also with Cravey Real Estate Services, represented the buyer, …

Krusinski Breaks Ground on 112,505 SF Flex Building in Chicago’s Northwest Suburbs

ROLLING MEADOWS, ILL. — Krusinski Construction Co. has broken ground on a 112,505-square-foot flex facility for School Health Corp. at 5600 Apollo Drive in Rolling Meadows. School Health is a national, full-service provider of health supplies, services and solutions. Construction on the distribution, shop and office facility began May 1. Ware Malcomb is the project architect and the Trammell Crow Co. is serving as project consultant. When completed, the new structure will include a two-story, …

Avison Young Arranges $3.7M Acquisition of Industrial Building in Lake Elsinore, California

LAKE ELSINORE, CALIF. — Avison Young has brokered the acquisition of a newly constructed industrial building located at 470 Third St. in Lake Elsinore. An entity of San Diego Ice Co. purchased the property from TOLD Properties for $3.7 million. The ice manufacturer and distributor will occupy the 24,026-square-foot building. Situated on 1.4 acres, the property features 2,800 square feet of office space, 1,400 square feet of mezzanine space, skylights, two dock-high loading doors, two …

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