ROMEOVILLE, ILL. — Magid Glove & Safety Manufacturing Co. LLC, a supplier of safety equipment, has acquired a 703,973-square-foot industrial building from Venture One Real Estate. The purchase price was undisclosed. The property is located at 1300 Naperville Drive in Romeoville, approximately 30 miles southwest of Chicago. Magid Glove & Safety will combine the operations of two Chicago plants into one larger, modern headquarters, manufacturing and distribution facility. The building features 100,000 square feet of office space, a partially air-conditioned warehouse, more than 250 trailer stalls, 24-foot clear ceiling heights and heavy power. Brad Weiner and Whit Heitman of Cushman & Wakefield along with Jeff Girling and Terry Lynch of Paine/Wetzel represented the buyer, Magid Glove & Safety, in the transaction. Jason West and Sean Henrick of Cushman & Wakefield represented the seller, Venture One Real Estate.
Industrial
RYE, N.Y. — NAI Friedland has arranged the sale of an approximately 12,000-square-foot warehouse at 30 Nursery Lane in Rye for $1.6 million. David Kucera of County Coach Corp., a Westchester County bus company, purchased the facility to accommodate the company’s expansion. The warehouse and partial office space offers 12- to 14.5-foot ceilings and is accessible from I-95 and I-287. The building offers multiple offices, a conference room, large sales meeting room, and two lunchrooms.
HOUSTON — NAI Houston has arranged a 20,400-square-foot industrial lease in north Houston for Delta Subsea LLC, a provider of remote operational vehicle services and solutions. Constructed in 2012, the facility features 32-foot clear heights and is located at 1616 Southcreek Lane. Delta Subsea will use the building as the headquarters of its Tooling Solutions Division. Dan Boyles Jr. and John Ferruzzo of NAI Houston represented the tenant in the negotiations. Mike Spears of National Realty Group represented the unnamed landlord.
TUSTIN, CALIF. — A 42,340-square-foot industrial building in Tustin has sold to an unnamed buyer for $5.9 million. The building is located at 2652 Dow Ave. It is the headquarters for Meridian Graphics. The printing and graphic company has signed a lease at the property for the next seven years. The transaction was executed by Justin Smith and Phil Cohen of Lee & Associates.
PHOENIX — Airport Business Park, a 39,994-square-foot industrial building in Phoenix, has sold to Airport Business Park Phoenix LLC for $2 million. The building is located at 2328 E. Van Buren Street. It was built in 1982. Airport Business Park is currently 95 percent leased to 28 tenants. The LLC was represented by Paul Boyle and Rick Danis of Cassidy Turley. The seller, Airport Business LLC, was represented by Leroy Breinholt of Commercial Properties.
ST. PAUL, MINN. — Cassidy Turley has arranged the $1.1 million sale of a 32,878-square-foot office/warehouse building in St. Paul. The property, built in 1987, is located at 69 Empire Drive. A local financial institution sold the building to LP Stcynske LLC of Roseville, Minn. David Stokes and Boston Weir of Cassidy Turley represented the seller.
LAFAYETTE, IND. — Coldwell Banker Commercial Realty Services has arranged a 237,900-square-foot industrial lease in Lafayette, approximately 63 miles northwest of Indianapolis. Toyota Tsusho America Inc., a trading company headquartered in Japan, has leased the industrial building located at 1521 Kepner Drive. Jim Shook Jr. of Coldwell Banker represented the tenant, Toyota Tsusho America Inc. The landlord, Stag II Lafayette LLC, represented itself in the transaction.
WHEELING, ILL. — Meridian Design Build LLC has begun renovation work on a 147,006-square-foot industrial building to create a state-of-the-art sorting and distribution center in Wheeling, a northern suburb of Chicago. The distribution center, which is being developed for an undisclosed national package delivery company, is located near the Chicago Executive Airport. The facility will include a 139,693-square-foot package sorting and distribution center and 7,300 square feet of office space. Site modifications will be made to accommodate 23 exterior trailer positions, 34 van storage positions, and a 129-car employee parking lot. In addition, six new loading docks and five drive-in doors will be added at the facility. The project is being completed on a design/build basis. Illinois-based Cornerstone Architects Ltd. will provide architectural services for the building and Spaceco Inc. of Rosemont, Ill. will conduct civil engineering work. Indianapolis-based Scannell Properties is the developer for the project.
ARLINGTON, TEXAS — Colliers International has arranged an 821,502-square-foot industrial lease in Arlington for home goods retailer Williams-Sonoma Inc. The tenant will use the property, which is located at 4900 Sherry St., as a distribution center. Exeter Property Group constructed the facility last year on a speculative basis. Tom Pearson and Chris Teesdale of Colliers International represented Williams-Sonoma in the negotiations. Dave Anderson of CBRE represented the Exeter Group.
HOUSTON — NAI Houston has brokered the sale of two industrial properties in Houston totaling 18,000 square feet. The facilities include a 6,000-square-foot structure at 13727 FM 529 and a 12,000-square-foot structure at 13731 FM 529. The buildings are part of Atco Industrial Park, which is located along FM 529 between North Eldridge Parkway and Jackrabbit Road. John Ferruzzo of NAI Houston represented the buyer, 13727-13731 FM 529 LLC, in the transaction. Eric Hughes of Centermark Commercial Real Estate represented the seller, ATCO-Valley Plaza LLC.