JERSEY CITY, N.J. — Premier Motor Lines has signed a 97,453-square-foot industrial lease at 2 Colony Road in Jersey City. The 262,000-square-foot warehouse facility was built in 1976. The building has 24-foot ceilings, 40 tractor-trailer parking spaces and an active rail. Matthew Corpuel of CBRE represented Premier Motor Lines in the transaction. Bill Waxman, Mindy Lissner and Nicholas Nitti of CBRE represented the landlord, RREEF Management LLC. Premier Motor Lines is a third-party warehousing and logistics company that provides food-grade warehousing, brokerage and private fleet service to New York, New Jersey, New England and Eastern Pennsylvania. The business is relocating from 397 E. 54th St. in Elmwood Park.
GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.
MONROE, OHIO — Ball Metal Beverage Container Corp. has signed a 163,000-square-foot industrial lease at 1225 Logistics Way in Monroe, located about 30 miles north of Cincinnati. The 553,694-square-foot Building B is the second building to be built at Monroe Logistics Center. Ball Metal Beverage Container is the building’s initial tenant. Si Pitstick and Josh Young of Cincinnati Commercial represented the landlord, Industrial Developments International. Chuck McCosh of Cushman & Wakefield represented Ball Metal Beverage Container in the transaction.
GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.
WILMER, TEXAS — CenterPoint Properties has broken ground on ACE Hardware's new 450,000-square-foot, build-to-suit facility in the Sunridge Business Park in Wilmer. ACE Hardware will lease the property for 10 years upon its completion. CBRE represented ACE Hardware in its lease transaction. The facility is slated for a February 2014 completion.
DALLAS — L'Oreal USA has selected Alliance Architects Inc. to design its new 513,947-square-foot distribution center, which will be located on a 50-acre site within the Ridge Logistics Center in Dallas. The new facility will be situated on the corner of Telephone Road and Dallas Avenue. The property will have expansion capabilities of up to 400,000 square feet. The distribution center will include 13,000 square feet of office space, separate shipping and receiving areas, locker rooms and indoor/outdoor break areas. Ridge Property Trust is the developer for the build-to-suit property and Hill & Wilkinson are the general contractors. The Alliance design team includes Scott Meyer and Ashley Griffith.
LOS ANGELES – A $23.5-million acquisition loan has been issued to Stanford 1050 LLC for a 173,000-square-foot industrial building in Downtown Los Angeles. The building is located at 1050 Stanford Ave.The garment/manufacturing facility will be 60 percent owner-occupied, with the new owner utilizing the facility for warehouse and showroom space. The 20-year SBA 504 loan was provided by BFC SBA Lending.
CHICAGO — NAI Hiffman has represented Mirvac Industrial Trust in signing a new tenant, Samuel, Son & Co., to 64,326 square feet of industrial space at 900 E. 103rd St. in Chicago. Other tenants within the building include Promet Steel and the city of Chicago. Samuel, Son & Co. distributes carbon steel, stainless steel and aluminum in North America and will use the Chicago location as a service center. Chris Gary of Hiffman’s industrial services group represented Mirvac in the transaction. Peter Bourke of Colliers represented Samuel, Son & Co.
NEW YORK CITY — Commercial mortgage brokerage firm Eastern Union Funding has arranged a $9.8 million acquisition loan for a 50,000-square-foot industrial property on Grand Street in Brooklyn. The 10-year loan includes an interest rate of 4 percent and a 15-year amortization schedule. Iselin, N.J.-based Investors Bank provided the financing. Ira Zlotowitz and Dov Zabrowsky of Eastern Union secured the loan.
LOS ANGELES – A $23.5-million acquisition loan has been issued to Stanford 1050 LLC for a 173,000-square-foot industrial building in Downtown Los Angeles. The building is located at 1050 Stanford Ave. The garment/manufacturing facility will be 60 percent owner-occupied, with the new owner utilizing the facility for warehouse and showroom space. The 20-year SBA 504 loan was provided by BFC SBA Lending.