ST. LOUIS — Cushman & Wakefield | Gateway Commercial has arranged the lease of a 32,445-square-foot industrial building in St. Louis for Fitz’s Root Beer. The bottling company will occupy space at 6135 Horton Place. Pat Reilly and Dan Bamberger of Cushman & Wakefield | Gateway Commercial represented Fitz’s in the transaction. Hilliker Corp. represented the landlord, JGDD Horton LLC.
Industrial
WOODBRIDGE, N.J. — HFF has arranged $27.2 million in construction financing for the development of a build-to-suit industrial property in Woodbridge. Situated on 9.33 acres at 275 Blair Road, the 190,000-square-foot refrigerated warehouse and distribution facility will be fully occupied by Preferred Freezer Services, a freezer warehouse operator. Wells Fargo provided the 24-month loan for the borrower, a joint venture between Advance Realty and F. Greek Development. Jim Cadranell, Jon Mikula and Michael Lachs of HFF secured the construction loan for the borrower.
SOUTH BRUNSWICK, N.J. — Bussel Realty Corp. (BRC) has brokered the acquisition of 138 Georges Road in South Brunswick. New York City-based Modway East End Imports purchased the 102,108-square-foot industrial facility for an undisclosed price from LIT Industrial LP, a Clarion Partners affiliate. Situated on 19 acres, the warehouse features 25-foot ceilings, 40- by 50-foot column spacing, eight loading docks and one drive-in door, as well as 2,108 square feet of office space. David Posner, Robert Sager and David Blitt of BRC represented the buyer; Nate Demetsky of JLL represented the seller in the transaction.
HOUSTON — Lee & Associates has arranged a 16,500-square-foot industrial lease in Houston for Master’s Craft Flooring, a manufacturer and distributor of hardwood flooring products. The tenant will occupy space at 565 Garden Oaks Blvd., in proximity to I-610, Houston’s outer loop. Brett Lewis of Lee & Associates represented Master’s Craft Flooring in the negotiations, while Steven Hazel of InSite Commercial Real Estate represented the landlord, Houston Pine Forest M LLC.
HOUSTON — Finial Group has arranged a 15,000-square-foot industrial lease in Houston for Liquid Metal Coatings, a provider of wear- and corrosion-resistant coatings for the energy, paper and petrochemical industries. The tenant will occupy Building 1 of Louetta Business Park, located on the corner of Louetta Road and Whitewood Drive, in proximity to I-45. The 20-ton crane-ready facility features 24-foot eave heights, grade-level loading doors, a truck court and 1,500 square feet of office space. Keith Bilski, Neil Martin, Mike Sperandio and Jennifer Young of Finial Group handle the leasing of Louetta Business Park.
NEWARK, CALIF. – Amazon has leased the Cherry Logistics Center, a 575,000-square-foot industrial facility in Newark, according to industry reports. The distribution facility is located at 38811 Cherry Street. It is situated on a 29.4-acre infill parcel within the East Bay Area’s industrial submarket. The development is the first sizable speculative industrial facility delivered to the San Francisco Bay Area in the past 15 years, according to Conor Commercial Real Estate and American Realty Advisors. The two companies developed the center through a joint venture. It is also the largest industrial warehouse to be developed and constructed within the submarket. Amazon’s transaction representsthe largest industrial/warehouse lease deal in the East Bay in more than 10 years. It is also the largest lease deal the Bay Area has seen in more than five years. The center’s exterior build-out is now underway. The facility is being built to LEED-Silver specifications. McShane Construction Company and HPA Inc. served as the design-build team for the construction of the speculative industrial property. They will also provide the significant interior tenant improvements currently underway. The Amazon subsidiary was represented byCushman & Wakefield. The JV was represented by Jeff Starkovich, Jay Hagglund, Sam Higgins, Scott Borgia and …
HOLLYWOOD, FLA. — NorthMarq Capital has arranged a $15.8 million loan to refinance a 191,280-square-foot industrial facility leased to FedEx. The property is located at 2600 S.W. 39th St. in Hollywood. Jeff Robertson of NorthMarq arranged the 12-year loan with a 25-year amortization schedule through a life insurance company.
HOUSTON — NAI Houston has brokered the sale of a 58,000-square-foot industrial building in Houston’s Downtown Industrial submarket. Located at 5721 Harvey Wilson Drive, the property features office space, a storage yard, two grade-level doors and clear heights up to 22 feet. John Ferruzzo and Chris Kugle of NAI Houston represented the seller, NIFF LLC, in the transaction. Steven O’Conor and Marc Drumwright of Southwest Realty Advisors represented the buyer, Poroo Baker Investments LLC.
DALLAS — Lee & Associates has arranged an 18,624-square-foot industrial lease in Dallas for Mechanic’s Time Savers Inc., a manufacturer of magnetic tool systems. The tenant will occupy space within a property located at 10715 N. Stemmons Freeway, in proximity to I-35. Ken Wesson, Adam Graham and Scott Alexander of Lee & Associates represented the landlord, Eastgroup Properties, in the negotiations. Ben Armstrong of RE/MAX North Associates represented Mechanic’s Time Savers.
SAN DIEGO – Acushnet Company has signed a five-year lease renewal for a 163,310-square-foot office and R&D building in San Diego. The lease is valued at $9.6 million. The building is located at 2819 Loker Ave. The golf balls and accessories manufacturer has occupied the facility since 1999. Acushnet was represented by CBRE’s Lannie Allee and Roger Carlson. The landlord, Canoga-Ricon Loker Industrial LLC, was represented by Aric Starck of Cassidy Turley’s Carlsbad office.