DELAFIELD, WIS. — Naturescape Inc., a lawn and landscape care provider, has purchased the 10,000-square-foot industrial facility it occupies in suburban Milwaukee. Deedeb LLC was the seller. Naturscape leased approximately half of the Delafield building in 2012. Due to its recent growth, the company decided to purchase the building and expand into the additional space. The industrial facility is located at 363 Austin Circle in Delafield. Maximilian Yokosh of Milwaukee-based Cassidy Turley Barry represented Naturescape in the lease transaction. The purchase price was undisclosed.
Industrial
FLOWER MOUND, TEXAS — Henry S. Miller Brokerage has arranged the sale of a 25,000-square-foot industrial asset in Flower Mound, a suburb approximately 23 miles north of Fort Worth. Located at 1000 Spinks Road, the freestanding warehouse facility features seven grade-level doors and two dock doors. Dan Spika of Henry S. Miller represented the seller, Creative Wood Concepts Inc. Todd Weaver of Weaver Commercial represented the buyer, Solinski Enterprises RE.
HOUSTON — Panoptic Realty Group has closed the sale of a 16,000-square-foot flex building in Houston’s Energy Corridor for $1.6 million. Located at 17555 Groeschke Road, the facility includes both office and warehouse space. The buyer was Monarch Pools LLC, a builder of large-scale swimming pools. The seller was Mustang Laser LLC. Michael Blount Jr. of Panoptic represented both the buyer and seller in the transaction.
BUCKNER, KY. — Monmouth Real Estate Corp. has acquired a 558,600-square-foot industrial building located at 4555 W. Highway 146 in Buckner for $27 million. The property is within the Louisville MSA. Monmouth purchased the facility from Atlanta-based Industrial Development International (IDI), the developer of the industrial building. The property is net-lease for 20 years to Ralcorp Holdings Inc., a division of ConAgra Foods.
ROCK ISLAND, ILL. — Meridian Design Build’s national projects group has broken ground on a 189,926-square-foot package sorting and distribution center in Rock Island. Meridian is building the facility for Indianapolis-based Scannell Properties. The property will feature 8,259 square feet of office, 59 loading docks, 193 exterior trailer stalls and 160 van storage spaces. A separate security building and fenced enclosure will provide controlled access to the facility. Michael Winger, director of the Meridian’s national projects group, leads the company’s project team. Precept Design LLC is providing architectural services, and civil engineering work is being completed by Shive-Hattery. Rock Island is part of the Quad Cities region bordering Illinois and Iowa and is located 1.5 miles south of Davenport, Iowa.
FENTON, MO. — KP Development, a St. Louis-based build-to-suit developer, has agreed to purchase the former Chrysler assembly plant in Fenton, located about 20 miles southwest of Fenton. KP plans to redevelop the 294-acre site into new industrial and office spaces. Specific details about the proposed development were undisclosed. Local, state and federal officials have been trying to attract a buyer for the plant site since Chrysler closed its operations there in 2009, according to KP Development.
ARLINGTON, TEXAS — Brokerage firm Lee & Associates has arranged the lease of 60,812 square feet of industrial space in Arlington for Masco Corp., a manufacturer of household products such as cabinetry, windows and faucets. The warehouse property is located at 841 N. Great Southwest Parkway, approximately 15 miles west of downtown Dallas. Nathan Denton of Lee & Associates represented the tenant in the negotiations, while landlord Prologis was represented internally by Cody Riles.
ANN ARBOR, MICH. — Bernard Financial Group has arranged a $9.5 million loan for South Industrial Portfolio, which includes three flex buildings in Ann Arbor. The portfolio totals 99,859 square feet and is within close proximity to the University of Michigan main campus. 2725/2805 Associates LLC was the borrower and Starwood Mortgage Capital was the lender. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan.
WAUKESHA, WIS. — The Vault, LLC has purchased a 29,950-square-foot industrial building at 1450 W. Ave. in Waukesha. The purchase price was undisclosed. The building, formerly occupied by package and label manufacturer Lauterbach Group, is located on five acres. Rand Wolf of The Boerke Co. represented the seller, Moe, Larry, & Curly LLC, in the transaction.
DENVER — Swire Coca-Cola USA has leased a 257,000-square-foot building at Enterprise Business Center at Stapleton. The center is a Class A industrial park development in the Denver submarket of Stapleton. The company plans to open a new distribution center at the facility, which will be located near the southwest corner of Interstate 70 and Havana Street. Swire Coca-Cola is one of the largest Coca-Cola distributors in the United States. It is a subsidiary of Swire Pacific Ltd. The company plans to occupy the new space next May. Once completed, Enterprise Business Center will contain a total of 1.15 million square feet throughout five buildings. Swire Coca-Cola was represented by Joe Cantalamessa of Cantalamessa Partners. The landlord, United Properties, was represented by Mike Wafer and Tim D’Angelo of Newmark Grubb Knight Frank.