ATLANTA — Cushman & Wakefield's capital markets team in Atlanta has arranged the sale of a nine-building, 2.4 million-square-foot industrial portfolio in Atlanta. The properties are located in Atlanta's two strongest industrial submarkets — I-20 West and Airport/South Atlanta. The portfolio is fully leased to tenants such as Electrolux, Iron Mountain, Aaron's and TOTO Americas. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield represented the seller, Clarion Partners, in the transaction. The buyer was Exeter Property Group, a private real estate investment firm based in Plymouth Meeting, Pa.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has completed the sale of two industrial buildings totaling 105,000 square feet in Milwaukee. 3745-75 Richards Industrial LLC purchased the property from Johnson Bros. Beverages Inc. The industrial buildings are located at 3745-3775 North Richards St. Samuel M. Dickman Jr. and Samuel D. Dickman were the brokers in the transaction.
LOWELL, MASS. — Hudson Advisors LLC has sold 121 Hale St., a 60,700-square-foot industrial/research and development building in Lowell, to Calare Properties Inc. for $4 million. M/A-COM Technology Solutions (MACOM), a supplier of high-performance RF, microwave and millimeter wave products, fully occupies the building. Chris Skeffington, senior vice president, Roy Sandeman, senior analyst, and James Lipscomb, senior vice president of Richards Barry Joyce & Partners LLC, represented the building’s seller and procured the buyer.
WHIPPANY, N.J. — NAI James E. Hanson has completed an 18,710-square-foot industrial lease renewal at Whippany Business Center, located at 1 Apollo Drive in Whippany. Z&Z Supply Inc. expanded its lease by 5,500 square feet for the wholesale distribution of HVAC equipment and small motors. Owned by IndCor Properties Inc., the one-story, 120,000-square-foot industrial building also includes a 5,500-square-foot outbuilding situated on 6.6 acres. The property offers 14- to 22-foot clear ceiling heights, drive-in loading, as well as ample parking. Steven Leitner, vice president of NAI Hanson, represented the tenant, while Howard Weinberg, formerly of Cassidy Turley, represented the landlord.
DALLAS AND FARMERS BRANCH, TEXAS — Texas land developer and manager Billingsley Co. will move forward by the end of the year with a 340,000-square-foot speculative distribution center at its 225-acre master-planned Mercer Business Park. The company officially announced its intent to build the facility after receiving light industrial zoning for 80 acres of the development. This will be the first building at the park, which is located at the northwest corner of IH 635 and IH 35E and stretches from Dallas into the neighboring city of Farmers Branch. Completion of the distribution center is slated for summer 2014.
SALEM, ORE. – A 54,661-square-foot industrial property in Salem has sold to an individual/personal trust for $4.9 million. The property is located at 2757-2767 22nd Street SE. At the time of sale, the building was fully occupied by two tenants that were operating on short-term leases. The buyer was represented by Dean Zang, Mark Taylor and Christopher Munley of Marcus & Millichap. The seller, a limited liability company, was represented by Ryan O'Leary and Will Stone of the same firm.
ATLANTA — Jones Lang LaSalle has arranged the $8.7 million sale of two office-flex buildings in the Peachtree Technology Center in Atlanta's Northeast submarket. The properties include a 50,084-square-foot property at 5923 Peachtree Industrial Blvd. and a 30,375-square-foot facility at 5854 Peachtree Corners East. The properties are fully leased to three tenants. Shan Gastineau, Paul Hanna and Katie Elliot of Jones Lang LaSalle's capital markets team represented the buyer, GASCO Real Estate Holdings LLC, in the transaction. CBRE represented the seller, VIFII Peachtree Technology.
ORLANDO, FLA. — Avison Young has been selected to broker the sale of the 177-acre tract of land known as Tradeport Industrial Park Development Site, located at 3650 8th St. in Orlando. The industrial sales assignment marks Avison Young's entrance into the Orlando market. David Duckworth of Avison Young will handle the assignment.
HOUSTON — NAI Houston has brokered the sale of a 20,000-square-foot speculative warehouse building in Houston’s Saddlegate II Business Park. Located at 10110 Fairbanks North Houston Road, the freestanding property features 30-foot clear height ceilings, paved outside storage and two grade-level doors. John Ferruzzo and Chris Kugle of NAI represented the buyer, B-Mac Holdings LLC, while Mark Ward and Mike Spears of The National Realty Group Inc. represented the seller, Black Gold JV.
SALEM, ORE. – A 54,661-square-foot industrial property in Salem has sold to an individual/personal trust for $4.9 million. The property is located at 2757-2767 22nd Street SE. At the time of sale, the building was fully occupied by two tenants that were operating on short-term leases. The buyer was represented by Dean Zang, Mark Taylor and Christopher Munley of Marcus & Millichap. The seller, a limited liability company, was represented by Ryan O'Leary and Will Stone of the same firm.