ST. LOUIS — Hilliker Corp. has arranged the $237,500 sale of an 80,000-square-foot manufacturing property in St. Louis. The building, located at 3227 N. Ninth St., housed the Crescent Planing Mill Co., a custom architectural woodworking business, which operated at the location since 1890. The 124-year-old property closed its doors in April 2012. Will Aschinger of the Hilliker Corp. represented the buyer, Active Acquisitions LLC, and the seller, Crescent Planing Mill Co.
Industrial
LAKE COUNTY, ILL. — Peak Construction Corp. has team up with IDI Gazeley — along with Colliers International, Heitman Architects and Jacob & Hefner Associates — to construct a 454,276 square foot industrial facility at the Antioch Corporate Center, a 100-acre master-planned business park in Lake County. The team will kick off the park’s re-ignited development with construction of Building A later this month. The LEED accredited building will feature a 36-foot clear height and 48-by-60 bays. As part of the multi-phased development located near I-94 and Route 45, Building A will cover 23 acres of approximately 100 acres available at the site. Peak Construction Corp. is a design-build general contractor that provides industrial, office, healthcare, hospitality and construction management services. IDI, based in Atlanta, and Gazeley, a London-based industrial real estate company, have formed a new $3.5 billion logistics property platform — IDI Gazeley, which co-brands two full-service industrial property companies under a single corporate umbrella, Brookfield Logistics Properties. Brookfield is an owner, operator and investor in real estate.
LOS ANGELES – A four-property industrial portfolio located in Los Angeles has sold to an unnamed buyer for $5.7 million. The properties included in the transaction are 11918-11920 Jefferson Blvd., along with 11801-11807, 11811 and 11821 Teale Street. The portfolio includes a total of 18,000 square feet. Jack Whalen of Heger Industrial represented both the buyer and seller, Richard J. Laski, acting as a Trustee of the Kaman Estate, in this transaction.
HOUSTON — HFF has completed the sale of three industrial properties totaling 219,452 square feet in Houston’s Pologis Park NorthPark, formerly NorthPark Central Business. HFF marketed the properties on behalf of the seller, J.A. Billipp Co. Prologis Inc. bought the assets for an undisclosed amount. The properties are located at 433, 533 and 600 NorthPark Central Drive. They are close to Interstate 45 and Beltway 8, Hardy Toll Road and George Bush Airport. The buildings are 100 percent leased to tenants including CalAtlantic, Michigan Institute of Aeronautics, Universal Technical Institute and Zoyto. HFF’s sales team included Rusty Tamlyn and Wesley Hightower, who worked with seller principals Andy Billipp and Mark Witte of J.A. Billipp Company.
MORRISVILLE, N.C. — Time Warner Cable has renewed its lease of 97,500 square feet of industrial space at Woodlake Center III at 101 Innovation Ave. in Morrisville, about 14 miles west of Raleigh. Woodlake Center is an industrial park spanning 812,000 square feet and offers access to Raleigh-Durham International Airport, I-40 and I-540. Hooker Manning of Duke Realty, along with Jackson Rives of Cushman & Wakefield | Thalhimer, represented the owner, Duke Realty, in the lease transaction.
LEBANON, IND. — NorthPoint Development and GDI Construction will build a 741,000-square-foot warehouse and distribution facility in Lebanon, a northwest suburb of Indianapolis. The 67-acre site is located at I-65 and State Road 32. The facility, which will be expandable to 1 million square feet, will include 36-foot clear heights. Site grading and infrastructure work has already begun. The building is expected to be ready for occupancy in the fourth quarter of 2014. Bob Gude is the project executive for the development. Mark Writt and Tom Cooler of CBRE Inc. will be the leasing agents for the building.
LOS ANGELES – A trust has disposed of a four-building industrial portfolio that is valued at $5.7 million. The portfolio contains four properties in the Los Angeles area. The transaction includes 11801-11807, 11811 and 11821 Teale Street, along with 11918-11920 Jefferson Blvd. The seller was Richard J. Laski, who acted as a Trustee of the Kaman Estate. The buyer was not named. The trust was represented by Jack Whalen of Heger Industrial.
MIAMI — Miami-based Fifteen Group has acquired an 85,000-square-foot distribution and logistics facility located at 200 S. Miami Ave. in Miami for $19 million. The six-story property is fully leased to FedEx Corp. The property is situated in downtown Miami adjacent to the Third Street Metromover Station. The property was constructed in 1999 as a central distribution hub for FedEx.
SOUTH BRUNSWICK, N.J. — Primal Glass has leased 209,000 square feet of industrial space at 393-333 Herrod Blvd. in South Brunswick from Liberty Property Trust. This lease brings the warehouse to 100 percent occupancy. The asset was part of an acquisition that added six warehousing buildings totaling 1.4 million square feet of space to Liberty Property’s portfolio. The company’s New Jersey portfolio now totals nearly five million square feet of industrial space. Colliers International represented Primal Glass, while Cushman & Wakefield represented Liberty Property Trust in the transaction.
CHICAGO — NelsonHill has arranged the $1.2 million sale of a 21,000-square-foot industrial building in Chicago. The heavy timber loft building is located at 1845 W. Hubbard St. The building features 12-foot clear heights and 7,000 square feet per floor. Mark Nelson and Michael Nelson of NelsonHill represented the seller, Mufid Saleh. Robert Woods of Spectrum represented the buyer, Busy Bee Promotions, a marketing and advertising firm. Busy Bee Promotions is relocating from another building in the neighborhood where it was leasing.