LIVONIA, MICH. — Bernard Financial Group has arranged a $7.8 million loan for the refinancing of an industrial property in Livonia, located about 19 miles west of Detroit. The refrigerated industrial warehouse building includes 383,649 square feet of space. The 12-year, nonrecourse loan is self-amortizing and includes a 4.75 interest rate. Ashley Mastronardi LLC was the borrower. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan. Protective Life Insurance Co. and its subsidiaries provided the loan.
STAFFORD, TEXAS – Boyd Commercial/CORFAC International has secured the sale of a 14,129-square-foot industrial property, located at 12806 and 12810 Murphy Road in Houston. Alexander Reilly of Boyd/CORFAC represented the seller, Exland LLC, in the transaction. Massiel Marcano-Polo of Realm Real Estate Professionals represented the buyer, Alianza Brothers Properties Inc.
COLUMBUS, IND. — Browning Investments Inc. has broken ground on a $15 million, 468,000-square-foot manufacturing and assembly facility for The Phoenix Group in Columbus. The industrial property is located in the Woodside Northwest Park and will include 32-foot high ceilings, energy-efficient fluorescent lighting and an early suppression, fast response sprinkler system. Browning Construction is the Construction Manager. The Phoenix Group, a supply chain management company, expects to employ more than 50 workers at the facility.
PIQUA, OHIO — Industrial Spring Co. has signed a lease for 48,600 square feet of space at 9200 Country Club Drive in Piqua, located about 28 miles north of Dayton. With the additional tenant, the industrial property is now fully leased. In its new location at the Scarbrough Industrial Park, Industrial Spring Co. will manufacture garage door springs for manufacturers, distributors and wholesalers. Industrial Property Brokers represented the landlord, John Scarbrough, in the transaction.
DALLAS — Colliers International has arranged an industrial lease expansion and renewal totaling 81,357 square feet at 4653 Leston Ave. in Dallas. Phil Rosenfeld and Matt Thompson of Colliers International represented the landlord, Regal Business Center, in the transaction. David Easterling of CBRE represented the tenant, Imlach & Collins Brothers LLC.
DALLAS — Atlanta-based Weeks Robinson Properties, a real estate investment and development company, has signed eight lease transactions in the Dallas area totaling more than 650,000 square feet. The transactions include: Conn's Appliances Inc. leased 321,135 square feet at 4800 Langdon Road in south Dallas. Dave Anderson of CBRE represented Conn's. Winzer Corp. signed a build-to-suit agreement for a 122,595-square-foot office/warehouse facility on Plano Parkway in Plano. Sharon Morrison and Bill de la Chapelle of Transwestern represented Winzer Corp. Ring Container Technologies leased 105,857 square feet of space at Building 2 in the Railhead Industrial Park in Fort Worth. Allen Gump of Colliers International represented Ring. TSF Sportswear leased 78,065 square feet at Forum 303 Crossing in Arlington. Nathan Lawrence and Travis Sapaugh of CBRE represented TSF Sportswear. Pitney Bowes Presort Services Inc. leased 75,600 square feet at Forum 303 Crossing. Dan Cook, Mark Becker and Brad Jones of Cushman & Wakefield of Texas represented Pitney Bowes. American Furniture Rentals leased 38,987 square feet of Forum 303 Crossing. Allen Gump of Colliers International represented American Furniture. QFC Industries leased 26,250 square feet at Forum 303 Crossing. Michael Stanzel of NAI Robert Lynn represented QFC. Goodman Industries leased 23,200 square feet …
FARMERS BRANCH, TEXAS — Lee & Associates has arranged a 60,125-square-foot industrial lease at 1901 Hutton Court in Farmers Branch. Nathan Denton, Adam Graham and Mark Graybill of Lee & Associates represented the landlord, RREEF Asset Management, in the lease transaction. Steve Berger of CBRE represented the tenant, Peaches Uniforms Inc.
HOUSTON — Suretech Completions Inc. has leased 35,000 square feet of industrial space at Wright Road Industrial Park, located at 12014 FM 529 in Houston, with landlord and developer United Equities Inc. Travis Land of NAI represented the landlord in the lease transaction. Paul Segreto of CBRE represented the tenant.
SUNNYVALE, CALIF. — Orleans Business Park, a duo of institutional-quality office/R&D buildings totaling 100,000 square feet, has changed hands in Sunnyvale. The park is fully leased to Bloom Energy. DivcoWestpurchased the asset from a partnership between AEW andOrchard Partners, LLC for an undisclosed sum. The seller was represented by Joseph Moriarty, Russell Ingrum, Sean Sullivan and Tyler Meyerdirk of CBRE’s Northern California Institutional Group.
WOODRIDGE, ILL. — HSA Commercial Inc. will break ground this month on an 180,480-square-foot speculative warehouse facility at Park 355 in Woodridge, a western suburb of Chicago. HSA Commercial is partnering with Denver-based Industrial Income Trust for the project. The proposed industrial building will include 30-foot clear heights, frontage on I-355, 49 exterior truck docks and four drive-in doors. The industrial property will also be divisible by 17,580-square-foot suites to accommodate smaller industrial tenants seeking immediate leasing opportunities.