LITHIA SPRINGS, GA. — Z Gallerie, a Los Angeles-based furniture retailer, plans to open a 225,000-square-foot warehouse within Skyview Business Center in Lithia Springs, about 18 miles west of Atlanta via Interstate 20. The property will house the home furnishings retailer’s East Coast presence, as the company currently supports all 68 of its stores and online orders from one warehouse on the West Coast. Z Gallerie operates two stores in the Atlanta area: Atlantic Station and Perimeter Mall. The facility will feature office and warehouse space, 34 loading docks, two drive-in bays, 32-foot clear heights, an ESFR sprinkler system and T5 lighting. The property represents a $3.7 million investment on behalf of Z Gallerie. The company plans to be fully operational in 2019 and create 115 jobs at the new facility. Steve Grable and Barry Hill of JLL represented Z Gallerie in the lease negotiations. Trey Barry, Todd Barton and Greg Haynes of CBRE represented the landlord, Huntington Industrial Partners.
CHARLOTTE, N.C. — Reger Holdings has purchased a 222,596-square-foot industrial building located at 1000 Exchange St. in Charlotte. The western New York-based investment firm plans to convert the freezer/cooler building into a dry warehouse property. The building is rail-served by CSX and features outdoor storage capabilities. Rob Speir and Don Moss of Colliers International’s Charlotte office brokered the transaction and will be retained as the property’s leasing agents. Reger Holdings owns more than 4 million square feet of industrial real estate space in the Carolinas. The sale price and seller were not released.
DAYTON, MINN. — Spears Manufacturing has signed a 142,000-square-foot industrial lease at the Dayton Distribution Center in Dayton, about 30 miles north of Minneapolis. Spears, a manufacturer of plastic pipefittings and valves, will occupy the space beginning in February. The facility will serve as a new regional distribution center for Spears. Dayton Distribution Center is a new, 247,000-square-foot speculative facility developed by Liberty Property Trust. John Ryden and Jim Bolt of CBRE represented the tenant in the transaction. Matt Oelschlager and Mike Bowen of CBRE represented the landlord, Liberty Property Trust.
BURR RIDGE, ILL. — NAI Hiffman has arranged the sale of a 101,282-square-foot industrial building in Burr Ridge, about 20 miles southwest of Chicago. The building is located at 160 Tower Drive. Accurate Partitions Corp., a manufacturer of high-performance bathroom partitions, acquired the building from a private seller after outgrowing its current space in McCook, Ill. Accurate Partitions plans to refurbish the existing 16,800 square feet of office space to accommodate the company’s growth. The building features 20- and 30-foot clear heights, 120 car parking spaces, five exterior docks and three drive-in doors. Mark Moran, John Whitehead and Brett Tomfohrde represented the seller in the transaction.
DALLAS — Lee & Associates has arranged the sale of an industrial property located at 11529 Emerald St. in Dallas. StoneDome sold the 26,908-square-foot property to LeeRoy Jordan Lumber, a wholesale supplier of lumber and lumber supplies, for an undisclosed price. Nathan Denton of Lee & Associates represented the seller, while Michael Haggar and Alan Wood of JLL represented the buyer in the deal.
PHOENIX — Meritex Enterprises has acquired Park Ladera at Spectrum Ridge, a three-building industrial campus in Phoenix, for $26.4 million. The campus is located at 750, 800 and 850 Covey Lane. It was built in 2015. CBRE’s Barry Gabel, Chris Marchildon, Darla Longo, Barbara Emmons Perrier, Brett Hartzell and Michael Kendall represented the sellers, Real Estate Investors and Trammell Crow Co. The firm’s Bruce Francis, Val Achtemeier and Doug Seylar arranged financing for both the buyer and seller.
DENVER — Pauls has received a $73 million loan to refinance a 14-building industrial portfolio in Aurora. The portfolio totals 1.9 million square feet of Class A distribution warehouse space. Properties included in the portfolio feature clear heights between 22’ to 32’ and buildings sizes ranging from 72,000 square feet to 347,840 square feet. All buildings were constructed between 1996 and 2015. The buildings are leased to 40 tenants, including Whole Foods Market, VWR International, Simmons Company and MSI International. They are situated on a total of 111.7 acres in the East I-70/Montbello industrial submarket in northeast Denver. The two 10-year, fixed-rate, full-term, interest-only loans were placed with Nationwide Life Insurance Co. The funds were used to refinance an existing life company loan and a construction loan. HFF’s Kristian Lichtenfels and Eric Tupler arranged the loans.
LONG BEACH, CALIF. — CNR International has signed a five-year lease for 163,499 square feet of industrial space in the Long Beach submarket of Rancho Dominguez. The space is located at 2626 Vista Industria. The lease is valued at $6.8 million. Dylan Espley-Jones and Say Jeon of Lee & Associates represented the integrated logistics solutions provider. CBRE’s Brian Held and NGKF’s Jim Biondi and Terry Reitz represented the landlord, Prologis, in this transaction.
OKLAHOMA CITY — Binswanger has arranged the sale of an industrial building located at 6700 S. Sooner Road in Oklahoma City. Barr and Hoffman Properties acquired the 18,480-square-foot building from Barclay Properties for an undisclosed price. The building feature four 16-foot overhead doors, two 20-foot overhead doors, one 15-ton crane and 950 square feet of office space. Kipp Collins of Binswanger represented the seller in the deal.
WILMER, TEXAS — Colliers International has arranged the sale of an industrial property located at 930 E. Pleasant Run Road within Sunridge Business Park in Wilmer, a southern suburb of Dallas. Makita U.S.A. Inc. acquired the 227,230-square-foot property for an undisclosed price and plans to use it for a regional distribution center. Chris Teesdale, Tom Pearson and El Segundo of Colliers represented the seller, Scannell Properties, and the buyer in the deal.