ROMEOVILLE, ILL. — CBRE has arranged the sale of a 188,166-square-foot freezer cooler facility in Romeoville. The sales price was not disclosed. The facility is located at 1020 W. Airport Road. Completed in August 2016, the building is made of reinforced concrete and features 72-foot clear heights. The property is fully leased to Aryzta LLC and supports the company’s adjacent baking facility. Lexington Realty Trust purchased the facility. CBRE’s Andrew Sandquist, JC Asensio and Briggs Goldberg of Chicago and Chris Bosworth, Will Pike and Brian Pfohl of Atlanta represented the undisclosed seller.
Industrial
JENNINGS, MO. — Store Here Self Storage has acquired a climate-controlled, self-storage facility in Jennings, about 10 miles north of St. Louis. The purchase price was not disclosed. The multi-story building, located at 8319 Jennings Station Road, was formerly a Schnuck’s grocery store before being converted into a self-storage facility in 2016. The building consists of two loading docks and 600 self-storage units, and a total net rentable area of 64,315 square feet. Steve Mellon and Brian Somoza of JLL represented the seller, Jennings Storage Solutions LLC.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has brokered the sale of a 56,077-square-foot industrial building in Milwaukee. The sales price was not disclosed. The building is located at 7630-7664 North 81st St. Ryan 3 Industrial Properties LLC purchased the building from Chili Pepper Properties LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of the Dickman Co. represented both the buyer and seller in the transaction.
FAIRBURN, GA. — Battery giant Duracell Corp. has signed a full-building lease totaling 873,800 square feet of industrial space at Core5 Logistics Center at Shugart Farms, an industrial development located in Atlanta’s I-85/Airport submarket in Fairburn. The Core5 facility will provide Duracell distribution services for all of North America. Sonoco, a global diversified packaging company, will support Duracell’s new battery packaging operation, and DHL will handle the logistics. Kris Bjornson and Bill Kee of JLL represented the tenant in the lease deal. Cushman & Wakefield represented the landlord, Core5 Industrial Partners.
FINDLAY, OHIO — Marcus & Millichap has arranged the sale of a Best Buy distribution center in Findlay for $46 million. The 1 million-square-foot center is Best Buy’s second-largest distribution facility and serves as one of the retailer’s regional distribution hubs for e-commerce and direct store fulfillment operations. Lori Schneider of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a national REIT.
ADAIRSVILLE, GA. — Shaw Industries Group Inc., a carpet manufacturer, has opened its new $85 million carpet tile manufacturing facility located in Adairsville. Known as Shaw Plant T1, the property employs 170 associates and will create 500 new jobs once it reaches full capacity. The facility provides production capabilities for Shaw’s Patcraft, Philadelphia Commercial and Shaw Contract brands of carpet. The company also operates facilities in Cartersville, Ga., and Nantong, China.
CARROLLTON, TEXAS — Lee & Associates has arranged a 30,863-square-foot industrial lease located at 1624 W. Crosby Road in Carrollton, a northern suburb of Dallas. Adam Graham, Ken Wesson and Christine Vasily of Lee & Associates represented the landlord, EastGroup Properties in the lease deal. Larry Eubanks of Eubanks Real Estate LLC represented the tenant, Complete Supply Inc., a janitorial supply company based in the Dallas-Fort Worth area.
MONROE, OHIO — IDI Gazeley has unveiled plans to develop Park North at Monroe Building 10, a 755,911-square-foot warehouse facility in Monroe, about 30 miles north of Cincinnati. Building 10 will be the largest 36-foot-clear-height availability in greater Cincinnati, according to CBRE. The facility is slated for completion in the fourth quarter of 2017. Jeremy Kraus of CBRE is marketing the building for lease. Park North at Monroe is a master-planned park located between Cincinnati and Dayton, with access to I-75. Tenants within the park include Home Depot, Cornerstone Brands and Hayneedle.
Marcus & Millichap Negotiates $7M Sale of Industrial Building in Little Ferry, New Jersey
by Amy Works
LITTLE FERRY, N.J. — Marcus & Millichap has arranged the sale of an industrial property located at 100-120 Industrial Ave. in Little Ferry. A private investor sold the property for $7 million. Robert Filley, Steve Mariani and Daniel Farley of Marcus & Millichap represented the seller in the transaction. The name of the buyer was not released.
GARLAND, TEXAS — Marcus & Millichap has negotiated the sale of a 54,000-square-foot industrial property at 3605 Security St., near the intersection of South Jupiter and West Miller roads in Garland, a northeastern suburb of Dallas. The property, leased to Andreola Terrazzo & Restoration, a stone restoration company, underwent roughly $450,000 of renovations in 2015. Adam Abushagur of Marcus & Millichap represented the seller and procured the buyer, both of whom are private investors.