ANAHEIM, CALIF. – Power Edge Solutions has purchased a 12,000-square-foot industrial building in Anaheim for $2.1 million. The building is located at 1910 East Via Burton. This is the highest price paid per square foot within this building size range since 2008, according to CBRE, which represented the seller, the Huber Family Trust. The trust was represented by the firm’s Steve Young and Tom Dorman. Gibson Company also provided advisory services to the trust.
GREENWOOD, IND. — Monmouth Real Estate Investment Corp. has acquired a new 671,354-square-foot industrial building in Greenwood for $37.4 million from an undisclosed seller. The property is situated on a little more than 43 acres located at 482 Chaney Ave. and is net leased for 10.25 years to beauty retailer ULTA Inc., a subsidiary of Ulta Salon, Cosmetics & Fragrance Inc. The new Omni-channel fulfillment center will serve both business-to-business and direct-to-consumer e-commerce sales.
BENSENVILLE, ILL. — Zilber Property Group has arranged the lease of an 18,000-square-foot industrial property in Bensenville. Creeden & Associates Inc. will occupy space within the Cornerstone Business Park. Arthur J. Rogers of Zilber represented the landlord. Korman/Lederer & Associates represented Creeden & Associates.
HARRISBURG, PA. — NorthMarq Capital has arranged $20.7 million in acquisition financing for an industrial portfolio located in Harrisburg. The three-building portfolio features 563,688 square feet of space. James Murphy of NorthMarq’s Boston office secured the interest-only loan for the undisclosed borrower through NorthMarq’s relationship with a correspondent life insurance company.
BROADVIEW, ILL. — Darwin Realty & Development Corp. has arranged a long-term lease renewal for 43,175 square feet located at 2109-2111 21st St. in Broadview. Dan Fanelli and George Cibula of Darwin represented Arrow Pneumatics Inc. The manufacturer of parts and products for the compressed air industry will occupy the space. The team also represented the landlord, a private investor. The property features a 22-foot ceiling height, four interior docks and 4,500 square feet of finished office area.
SAN DIEGO – A 76,495-square-foot industrial/flex building in the San Diego submarket of Escondido has sold to SR Commercial for $8.3 million. The building is located at 298-304 Enterprise Street within the Escondido Business Park. The space, known as Enterprise Heights Industrial Centre, is fully leased. Tucker Hohenstein, Mike Erwin and Conor Boyle of Colliers International represented both the buyer and seller, Enterprise Heights Industrial Centre Associates, in this transaction.
DEER VALLEY, ARIZ. – ViaWest has acquired nine acres of land in Deer Valley for $3.2 million. The land is located at 50 and 100 E. Pinnacle Peak Road in the Phoenix submarket. It is currently leased to Cemex, a global building materials company that provides high-quality products and services. ViaWest Group was represented by John Pompay and Gary Anderson of DTZ. The seller, Luke Land 80 LLC, was represented by Luke Lewis of Luke Land Realty.
SALT LAKE CITY – River Springs Ranch Corporation has acquired a 60,595-square-foot industrial park in Salt Lake City for an undisclosed sum. The park is located at 4030, 4036 and 4050 South 500 West. River Springs is looking to exchange out of its West Coast products and into more stable markets, such as Utah, according to Bryce Blanchard and Zach Anderson of Newmark Grubb ACRES, which represented the California investor. The seller, 4000 S Industrial Park LLC, was represented by Mark Jensen, Jeff Heaton and Robert Kingsford of the same firm.
ELIZABETH, N.J. — Bussel Realty Corp. has brokered the sale of a distribution facility, located at 502 York St. in Elizabeth. Federal Autocat, which currently leases the property, elected to execute its option to purchase the 75,600-square-foot facility for an undisclosed price. Situated on three acres, the property features 20-foot ceilings, multiple loading docks, one drive-in door, ample power and on-site parking. Jordan Metz of Bussel Realty represented the buyer, while David Blitt, also of BRC, represented the seller, Weisman Family Partnership LLC, in the transaction.
BRISTOL, PA. — Bensalem, Pa.-based Roddy Inc. represented Salem Steel NA LLC in the lease of 13,500 square feet of space at 2101 Green Lane in Bristol. Salem Steel NA leased the space, which located within the 70,000-square-foot Bristol Commerce Center, from Green Lane Properties LLC. The tenant plans to use the space as a warehouse/distribution center. Sean Durkin of Roddy Inc. represented the tenant, while Andrew McGhee of Colliers International represented the landlord in the transaction.
