Industrial

Meridian Begins Construction on Distribution Center in West Palm Beach

by John Nelson June 26, 2015

WEST PALM BEACH, FLA. — Meridian Design Build has broken ground on a 225,198-square-foot sorting and distribution facility in West Palm Beach. The project is a build-to-suit for a global shipping and information services firm. SunCap Property Group is developing the asset, which will be located on a 27.2-acre site at the southeast corner of Pike Road and 7th Place North. Meridian is currently demolishing two existing buildings and a significant amount of asphalt and concrete pavement, which will be broken up on-site and incorporated into the new construction. Upon completion, the facility will feature 8,160 square feet of office space, 51 loading docks, 153 interior van loading positions, 390 auto parking stalls and 134 exterior trailer stalls. In addition to Meridian and SunCap, the design team includes architect Ware Malcomb and civil engineer Langan.

June 26, 2015

Arizona Industrial Western

Tempe Distribution Building Sells for $2.1M

by Nellie Day June 26, 2015

TEMPE, ARIZ. – A 25,570-square-foot distribution building in Tempe has sold to Adler Realty Investments for $2.1 million. The building is located at 1401 S. Siesta Lane. It is about 50 percent leased. Kurt Saulnier and Ken McQueen of Lee & Associates represented both the buyer and seller, Dunbar Siesta, in this transaction.

June 26, 2015

Arizona Industrial Western

KH Chandler Buys Warehouse, Distribution Facility in Chandler for $4.1M

by Nellie Day June 26, 2015

CHANDLER, ARIZ. – KH Chandler has purchased a 168,750-square-foot warehouse/distribution property for $4.1 million. The facility is located at 6920 West Allison Road, within the Lone Butte Business and Industrial Park. It will be occupied by Total Solutions. DTZ’s Steve Mardian, Pete Klees and James Harper represented the seller, a financial institution, in this REO transaction.

June 26, 2015

Industrial Loans Mixed-Use Retail Texas

Q10 KDH Arranges $2.8M Loan for Mixed-Use Center in Houston

by Haisten Willis June 25, 2015

HOUSTON — Q10 KDH vice president Larry Peters has arranged $2.8 million in permanent financing for a mixed-use center in Houston through correspondent insurance company lender Symetra. Built in 1974 and located in north Houston, the mixed-use center offers 56,206 square feet of space divided into 75 percent retail use and 25 percent warehouse space.

June 25, 2015

Illinois Industrial Midwest Office Retail

Transwestern Brokers Three Sales Totaling 82,295 SF in Illinois

by Amy Works June 25, 2015

ELMHURST AND MUNDELEIN, ILL. — Transwestern has brokered the sale of three commercial properties in three separate transactions totaling 82,285 square feet in Elmhurst and Mundelein. In the first transaction, Justin Lerner and Joe Karmin of Transwestern represented Venture One in the disposition of a 33,000-square-foot property at 899 Larch in Elmhurst. Craftwood Inc. acquired the building for an undisclosed price. In the second deal, Lerner and Karmin represented Terrence Sherman in the sale of a 29,000-square-foot building at 877 S. Route 83 in Elmhurst. U Store It LLC purchased the property for an undisclosed sum. In the final transaction, Tom Boyle and Jared Paff represented International Equipment Trading Inc. in the acquisition of a 19,295-square-foot property at 955 Campus Drive in Mundelein from G&M Enterprises for an undisclosed price.

June 25, 2015

Arizona Industrial Western

White Star Industrial Portfolio in Phoenix Sells for $42.2M

by Nellie Day June 24, 2015

PHOENIX — Realty Associates Fund X L.P. has purchased the White Star Portfolio, which contains nine industrial buildings throughout Phoenix, for $42.2 million. The buildings are all situated near Phoenix Sky Harbor International Airport. The portfolio features a total of 460,669 square feet of multi-tenant industrial space. It includes White Star Corporate Center at 2110 – 2140 S. 7th Ave.; Baseline Foothills at 4401 – 4409 E. Baseline Road; 3710 E. University Drive; and 2501 W. Phelps Road. The transaction was executed by JLL’s Mark Detmer and Bo Mills.

June 24, 2015

Industrial Kentucky Loans Southeast

NorthMarq Capital Arranges $10.3M Loan for Industrial Property in Kentucky

by John Nelson June 24, 2015

ERLANGER, KY. — NorthMarq Capital has arranged a $10.3 million loan for the refinancing of Donaldson Road Center II, a 258,947-square-foot industrial property located at 1325 and 1335 Donaldson Road in Erlanger. Alstom Power is the anchor tenant at the facility. Susan Branscome of NorthMarq’s Cincinnati office arranged the 10-year loan with a 20-year amortization schedule through an unnamed life insurance company.

June 24, 2015

Industrial Michigan Midwest

L. Mason Capitani Arranges Sale of 24,000 SF Property in Michigan

by Amy Works June 24, 2015

WARREN, MICH. — L. Mason Capitani Inc. CORFAC has brokered the sale of an industrial property located at 27450 Gloede Drive in Warren. Division 6 Fabrication and Installation acquired the 24,000-square-foot property for an undisclosed price. The buyer plans to use the facility to expand its company needs. Division 6 services the medical, educational, governmental and corporate industries with carpentry and millwork. Andrew Greiner and Jason Capitani of L. Mason Capitani represented the undisclosed seller in the transaction.

June 24, 2015

Industrial Texas

Sealy & Co. Acquires 902,715 SF Portfolio in Rio Grande Valley, El Paso

by Haisten Willis June 23, 2015

HARLINGEN AND EL PASO, TEXAS — Sealy & Co., a commercial real estate investment and operating company, has acquired a 902,715-square-foot, Class A industrial portfolio in the Rio Grande Valley and El Paso. Four buildings totaling 758,715 square feet are located in El Paso, and the remaining building totaling 144,000 square feet are located in Harlingen. The portfolio, which is currently 95 percent leased, consists of five buildings developed between 1997 and 2001. The El Paso buildings are located less than five miles from the Zaragoza Bridge, which is the main distribution border crossing between Juarez, Mexico and El Paso.

June 23, 2015

Industrial New York Northeast

Kalmon Dolgin Affliliates Brokers $6.2M Sale of 60,000 SF Industrial Property

by Amy Works June 23, 2015

NEW YORK CITY — Kalmon Dolgin Affiliates (KDA) has brokered the sale of an industrial property, located at 507 Osborn St. in Brooklyn. The 60,000-square-foot property sold for $6.2 million. The property features high ceilings and open space. Neil Dolgin of KDA, along with Christopher Halliburton of Halstead Property LLC, represented the seller, Tuck It Away Osborn LLC. Halliburton also represented the buyer, Knight Collision Experts Inc. in the transaction.

June 23, 2015

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