CHICAGO — Dallas-based Westmount Realty Capital has acquired the Premier Chicago Industrial Portfolio, which is located near O’Hare International Airport in Chicago. The 1.5 million-square-foot portfolio consists of eight infill industrial properties, which are occupied by Hearthside Food Solutions, Jewel-Osco, Halls Rental Service, Revolution Dancewear and Gold Eagle.
AUBURN HILLS, MICH. — Knight Global has purchased 173,000 square feet of industrial space for an undisclosed price. The space is located at the United Solar Ovonic building at 2705 Commerce Parkway in Auburn Hills. John Lominack and Robert Hanzl of Colliers International represented the buyer in the transaction. The seller was not disclosed.
MALVERN, PA. — Malvern-based Liberty Property Trust has completed the sale of 48 properties, totaling 2.6 million square feet and 19 acres, for $329.6 million. The recent closing consists of 2.1 million square feet of office space and 468,000 square feet of flex properties, including 1.37 million square feet across 23 properties in Maryland, 1.89 million square feet across 24 properties in New Jersey and a 36,718-square-foot property in Fort Washington, Pa. The sale is part of a previously announced transaction consisting of a total of 97 properties. The first closing, which occurred in December 2013, consisted of 49 properties for $367.7 million.
NEW YORK CITY — Cadogan Tate New York, a London-based fine arts storage company, has leased a 67,362-square-foot property at 301 Norman Ave. in the Greenpoint area of Brooklyn. The one-story property features one interior loading dock, six drive-in doors, gas heat, heavy power, 26-foot ceilings and a full sprinkler system. Additionally the property features 25,000 square feet of property that can be used for parking. Grant Dolgin and Dmitri Gourianov of Kalmon Dolgin Affiliates represented the tenant in the transaction, while Jeffrey Unger, also of KDA, represented the owner, 301 Norman Avenue LLC. Terms of the lease were not disclosed.
HALTOM CITY, TEXAS — Bradford Commercial Real Estate Services has brokered the sale of a 56,666-square-foot flex property and an adjacent 6.9-acre tract in the Fort Worth suburb of Haltom City. The building, the former headquarters of Progressive Concepts Inc., includes 24,000 square feet of office space, 3,000 square feet of retail/showroom space and approximately 30,000 square feet of warehouse space. Features include one acre of paved parking and two generators. The structure is located at 5718 Airport Freeway, and the undeveloped land is located at 5722 Airport Freeway, both in close proximity to Loop 820, Interstate 35 and the Fort Worth CBD. Nick Talley of Bradford marketed the property, while Leland Prowse and Alex Bryant of Transwestern represented the buyer, Blackmon Mooring, a property restoration company which will use the property as its new headquarters.
LOS ANGELES – A 15,053-square-foot industrial building within the Burbank Airport Commerce Center has sold to 7663 San Fernando, LLC, for an undisclosed sum. The center is located at 7663 N. San Fernando Road. It was built in 2006. David Young and Chad Gahr of NAI Capital’s Encino office represented both the buyer and the seller, Zero G Studios, LLC, in this transaction.
BARTLETT, ILL. — MB Real Estate, serving as project manager, has completed the construction of an industrial document storage facility located within the Brewster Creek Business Park in Barlett for RhinoDox. Located on the corner of Munger Road and Humbracht Circle, the 66,617-square-foot property features 28-foot clear heights, two interior docks, two drive-in doors and extensive landscaping. The site is designed to accommodate a 24,000-square-foot expansion and parking for 97 vehicles. Premier Design & Build Group provided general contracting services, and Cornerstone Architects served as project architect for the project. NAI Hiffman represented RhinoDox in site selection. Headquartered in Glendale Heights, Ill., RhinoDox, which was formerly Federal Record Storage MDMC, was established in 1913. The company offers off-site hardcopy document storage, document scanning and imaging, enterprise content management systems, eForms and document workflow.
FAIRFIELD AND LITTLE FALLS, N.J. — Prologis has sold its Fairfalls Industrial Portfolio, which comprises 989,200 square feet in 28 buildings. Morristown, N.J.-based Hampshire Cos. acquired the property for an undisclosed price. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer and Kyle Schmidt of Cushman & Wakefield represented the seller and procured the buyer in the transaction.
DALLAS — ElmTree Net Lease Fund II has acquired two industrial buildings in Dallas for a combined purchase price of $26.5 million. The first asset is a 150,975-square-foot facility located at 2717 S. Main St. within the Dallas-Fort Worth International Airport and leased by Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. Five years remain on the tenant’s original 10-year lease, and under terms of the acquisition, Sikorsky may expand the facility by 150,000 square feet. The second asset is a 72,056-square-foot building, also within the airport, occupied by Hitachi High Technologies America. Nine years remain on the tenant’s original 10-year lease. The property, used for the manufacturing and development of microchips, features clean rooms, a product demonstration room and a designated Foreign Trade Zone area in the warehouse portion of the building. ElmTree Net Lease Fund II is a private equity fund sponsored by ElmTree Funds LLC.
NORTH CHARLESTON, S.C. — Cushman & Wakefield | Thalhimer has arranged a 101,500-square-foot industrial lease at 7391 Pepperdam Ave. in North Charleston. Philip Owens of Cushman & Wakefield | Thalhimer represented the tenant, Brown Distribution Centers Inc., a third-party logistics company.
