LAUREL, MD. — Preston Scheffenacker Properties Inc. has plans to develop a new 244,500-square-foot industrial facility in Laurel. The new property, located at 9001 Whiskey Bottom Road, will be a build-to-suit facility for Coastal Sunbelt Produce, a produce distributor with a staff of 300 and annual revenue near $300 million. The property will include 196,500 square feet of refrigeration space, 38-foot clear heights and 48,000 square feet of office space on two floors. Cambridge will serve as the development manager and lease representative for the new facility. Coastal Sunbelt Produce signed a 15-year lease at the build-to-suit.
Industrial
FRANKLIN, WIS. — The Dickman Co./CORFAC International has arranged the sale of a 56,000-square-foot industrial building in Franklin, a suburb of Milwaukee. The property is located at 10179 S. 57th St. GHN Franklin LLC purchased the building from Joseph Kraft Sr. for an undisclosed price. Samuel D. Dickman and Samuel M. Dickman Jr. of the Dickman Co. negotiated the transaction.
EL MONTE, CALIF. – A 21,288-square-foot industrial property in El Monte has sold to an individual/personal trust for $2 million. The property is located at 3614 Arden Drive. Pablo Rodriguez and Richard Vincent of Marcus & Millichap’s Ontario office represented both the buyer and the seller, a private investor, in this transaction.
PORTAGE, IND. — Holladay Properties has brokered the $2.4 million sale of a 23.4-acre site at AmeriPlex at the Port, a mixed-used business park in Portage, approximately 12 miles east of Gary. Merrillville, Ind.-based MonoSol LLC purchased Lot 29 at the business park. The water-soluble film manufacturer has broken ground on the property and will develop a new $95 million, 300,000-square-foot manufacturing plant. MonoSol announced last year that it would be expanding to keep up with demand for its single-dose Tide Pods and Cascade Action Pacs. MonoSol received tax abatements from the city of Portage and other economic incentives. The company plans to hire as many as 150 new employees for the new facility. The land sale leaves Holladay with 80 acres of land remaining for sale at the business park.
HOUSTON — Cadence McShane Construction Co. has completed the construction of Fallbrook Distribution Center II, a 400,250-square-foot warehouse/distribution facility located at 8303 Fallbrook Drive in northwest Houston. The property, situated on a 30-acre parcel, was built on behalf of developer Liberty Property Trust. Divisible to 100,000 square feet, the cross-dock facility can support single- or multi-tenant configurations. Fallbrook Distribution Center II features 32-foot clear heights; 53.4-foot-by-50-foot column spacing; 83 exterior docks; four drive-in doors; an ESFR sprinkler system; 3,000 square feet of office space to-suit; and on-site trailer parking. Seeberger Architecture provided the architectural services.
TEMPE, ARIZ. – An 81,200-square-foot industrial property in Tempe has sold to a local private investment company for $7.5 million. The property is located at 9235 S. McKemy Street. The space is fully occupied by MTD Southwest. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley’s Capital Markets Group represented both the buyer and the seller, McKemy Holdings, in this transaction.
HOUSTON — NAI Houston has arranged the sale of a 22,000-square-foot industrial building located at 10531 Fisher Road in Houston’s Northwest submarket. The building is situated on 3.3 acres of land. Chris Caudill of NAI Houston represented the buyer, Greystone Alloys. Jim Copper of Cypressbrook Co. represented the seller, JKM Fisher Properties Ltd., in the sale of the property.
ONTARIO, CALIF. — Rexford Industrial Realty has acquired Dupont Business Center, a 110,890-square-foot industrial complex in Ontario, for $10.2 million. The two-building facility is situated on 5.7 acres within a Foreign Trade Zone near Ontario Airport in the Inland Empire West submarket. This region boasts 250.8 million square feet of industrial space. Dupont is fully occupied by five tenants. Rexford plans to divide the larger space over time to accommodate more tenants. The transaction was executed by JLL’s Bo Mills, Mark Detmer, Peter McWilliams, Mike McCrary, Ruben Goodsell, Jeff Bellitti and Nicole Welch.
TALLASSEE, ALA. — Westwood Net Lease Advisor represented Buckingham Properties REIT, a private trust based in Rochester, N.Y., in its $7.4 million purchase of an automotive parts manufacturing facility in Tallassee. Jason Benton, a local business owner, sold the 100,000-square-foot property, which is located at 50 Hanil Drive. The facility is currently leased to Hanil USA Inc., a brake, fuel and power steering tube supplier. Vince Vatterott of Westwood Net Lease Advisor represented Buckingham Properties REIT in the transaction.
POMPANO BEACH, FLA. — TM Windows LLC has leased an entire 124,894-square-foot industrial facility in Pompano Beach for warehouse, manufacturing and showroom space. The property is located at 1543 N. Powerline Road in the three-building Superior Commerce Park development. Michael Crissy of Stiles Realty represented the aluminum window and door manufacturer in its 10-year lease transaction. Michael Scarpino and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the unnamed landlord.