SOUTH BRUNSWICK, N.J. — Colliers International has brokered the of lease of 209,106 square feet of distribution and office space at 329 Herrod Blvd. in South Brunswick. Piramal Glass USA will relocate to the property from its current warehouse facility in May’s Landing, N.J. The property features 28-foot ceiling heights, T-5 lighting, 26 tailgate doors and a fully fenced truck court with abundant trailer parking. Jim Scott, Marc Isdaner and John Kainer of Colliers International represented Piramal Glass in the transaction. The landlord is Liberty Property Trust.
Industrial
EDISON, N.J. — Performance Team Freight Systems Inc. has renewed its lease at 145 Talmadge Road in Edison. The company will continue to occupy 193,000 square feet of the 656,255-square-foot warehouse and distribution facility. Situated on 50 acres, the property features refrigerated storage space, shelving and an ESFR sprinkler system. Scott Belfer, Nick Nitti, Mindy Lissner and Bill Waxman of CBRE Group represented the landlord, NJIND Talmadge Road LLC, in the transaction. Terms of the lease were not disclosed.
GARLAND, TEXAS — Lee & Associates has arranged a 35,405-square-foot industrial lease in the Dallas/Fort Worth suburb of Garland for Digitek Computer Products, a distributor of technology products. The tenant will occupy space at 3901 W. Miller Road, in proximity to I-635. Nathan Denton of Lee & Associates represented Digitek in the negotiations. Stephen Cooper of NAI Robert Lynn represented the landlord, First Industrial Realty Trust.
SACRAMENTO, CALIF. — EL & EL Wood Products Corp. has acquired a 20-acre industrial site in Galt for an undisclosed sum. The site is located about 20 miles south of Sacramento. The mouldings and millwork products distributor plans to build a 220,000-square-foot wholesale distribution center for its line of moldings, doors and other building materials. The company currently manages 255 employees, along with its own fleet of trucks throughout California, Nevada and Arizona. The project is anticipated to bring 75 new jobs to the City of Galt. The new facility will be built by BCM Construction Co. Tom Manz & Associates, an affiliate of seller KMS Development, will serve as construction manager. EL & EL Wood was represented by Tommy Ponder of Cable & Kilpatrick. Matt Cologna, Bryce MacDonald and Dave Nicholson of Cushman & Wakefield’s Sacramento office represented the seller in this transaction.
CHARLOTTE, N.C. — Beacon Partners, a Charlotte-based developer, has broken ground on InnerLoop North, two warehouse buildings totaling 415,541 square feet. The speculative industrial buildings will be located on David Cox Road near the intersection of Harris Boulevard and Old Statesville Road in north Charlotte. The site for InnerLoop North is situated 1.5 miles from I-77, two miles from I-485 and less than five miles from I-85. The property features 30- and 32-foot clear heights, on-site trailer parking and an ESFR sprinkler system. The project team includes architect Merriman Schmitt, general contractor InterCon Building Corp. and lender Regions Bank. Beacon Partners expects to deliver InnerLoop North in the fourth quarter.
TAMPA, FLA. — RMC Ross Realty has brokered the $4.7 million sale of a 104,510-square-foot industrial property located at 333-337 N. Falkenburg Road in Tampa. Brandon Commerce Center LLC purchased the asset. Elliott Ross of RMC Ross Realty represented the seller in the transaction.
AUBURN HILLS, MICH. — Colliers International has arranged the lease of 67,504 square feet of office/warehouse space in Auburn Hills. Scott Industries Inc., an automation company, will occupy space at 1026 Doris Road. Peter E. Kepic, Peter J. Kepic and Ryan Brittain of Colliers International represented the tenant in the transaction. Doris Road Holdings LLC is the landlord.
HOUSTON — Q10 | Kinghorn, Driver, Hough & Co. has arranged an $8.3 million loan on behalf of an unnamed buyer for the acquisition of a 112,000-square-foot flex property in northwest Houston. Archer Well Co., a service and materials provider in the oil and gas industries, fully occupies the facility. Ray Driver III, Matt Franke and Travis Fite of Q10 | KDH closed the non-recourse loan within 44 days.
GROVEPORT, OHIO — The Opus Group is developing a 484,216-square-foot speculative industrial warehouse building in the Opus Business Center at Rickenbacker in Groveport near Columbus. The property is located at 6201 Greene Pointe Drive South. Construction has begun on Building 8 and is slated for completion in November. The industrial warehouse building will feature a 32-foot clear height and 2,500 square feet of office space, which will be constructed with the shell allowing for quick tenant occupancy. The building will also accommodate parking for 200 cars and 50 trucks with room for additional parking. Building 8 at the Opus Business Center at Rickenbacker will be owned by a joint venture partnership between Opus Development Co. LLC and Founders Properties LLC. Opus Development will be the developer, Opus Design Build will be the design-builder and Opus AE Group will be the architect and engineer for the project. Opus has developed seven industrial buildings at Opus Business Center at Rickenbacker totaling 3.6 million square feet.
ROMEOVILLE, ILL. — Lee & Associates has arranged the lease of 15,308 square feet of warehouse space for IB Roofing Systems in Romeoville, which is approximately 30 miles southwest of Chicago. The property is located at 1225 Lakeside Drive. Jeff Galante and Terry Grapenthin of Lee & Associates represented the landlord, Venture One Real Estate. Mike Plumb and Tim McCahill of Lee & Associates represented the tenant in the transaction.