FORT LAUDERDALE, FLA. — Shoreline Aerospace LLC, a global supplier of parts and services to the commercial airline industry and military forces, has signed a lease for 54,500 square feet at 1800 S.W. 34th St. in Fort Lauderdale. The company is expanding its business by establishing an airside parts distribution and maintenance and repair operation at the Fort Lauderdale-Hollywood International Airport. The company plans to employ 30 workers. Built in 1972, the cross-dock industrial facility includes its own airside access and an aircraft parking ramp. Harry Tangalakis, Larry Genet and Tom O'Loughlin of CBRE represented the owner, Airside Fort Lauderdale LLC, in the transaction.
ST. LOUIS — SoTel Systems has acquired a 63,000-square-foot office/manufacturing facility in the Westport area of St. Louis for $2.4 million. The telecommunications company is currently located at 19 Worthington Access Drive, which is approximately one mile from its new headquarters. SoTel Systems has been in its current 48,000-square-foot space since 2001. The new building is located at 2465 Centerline Industrial Drive and was the previous home of Jerome Group Printing, a printing and direct marketing services firm that leased the space for 20 years until 2006. The building was then briefly leased to another tenant before its recent sale. Hal Ball of Hilliker Corp. represented the seller, Warson Venture, in the transaction. The deal marks the 12th time HIlliker has represented Warson Venture.
ITASCA, ILL. — Boyd Coffee has signed a lease for 14,080 square feet of warehouse space located at 1428 Norwood Ave. in Itasca, about 25 miles west of Chicago. Jeff Janda, Mike Plumb and Jay Farnam of Lee & Associates of Illinois LLC represented building ownership, KTR Capital Partners, in the transaction. Luke Heerema of Cresa Partners represented the tenant. Boyd Coffee is a manufacturer of coffee roasters and processing equipment.
WEST BRIDGEWATER, MASS. — Boston-based EagleBridge Capital has arranged $10 million in permanent mortgage financing for One United Drive, located in West Bridgewater, about 30 miles south of Boston. One United Drive is a 315,000-square-foot industrial building, which includes 30,000 square feet of office space and 285,000 square feet of manufacturing and distribution space on a 29.8-acre site. Campanelli Cos. originally developed the building in 1987 for United Liquors. Major tenants include Cheer Pack North America, which occupies 187,500 square feet, and Federal Express, which occupies 88,500 square feet. A Massachusetts-based financial institution provided the loan. Brian Sheehan and Ted Sidel of EagleBridge arranged the mortgage financing.
ANDERSON, S.C. — Moline, Ill.-based McLaughlin Body Co. has acquired the 427,337-square-foot Santens of America facility at 5121 Old Pearman Dairy Road in Anderson for $7 million. The industrial property is situated on 93 acres and will serve as McLaughlin Body Co.'s new subsidiary location to serve their clients in the region. The company manufactures operator protection systems, including cab enclosures and metal components for construction, military, agriculture and other heavy-duty vehicles. Charles Whitmire Jr. and Elliott Fayssoux of Cushman & Wakefield | Thalhimer represented the seller, KBC Anderson Associates, in the transaction.
CHARLESTON, S.C. — Memphis, Tenn.-based Vital Records Control has renewed its lease for 79,972 square feet of warehouse and distribution space at North Rhett III, part of a four-building industrial park in Charleston. The park is located just off I-26, a short distance from the Port of Charleston. Vital Records Control provides information management and document storage solutions for businesses. Chambers Street Properties is the property landlord.
HOUSTON — Cushman & Wakefield has arranged a 150,000-square-foot industrial lease transaction with Crane Worldwide Logistics at 6501 Navigation Blvd. in Houston. Jim Foreman and Beau Kaleel of Cushman & Wakefield's Houston office represented the owner, Levey Group, in the transaction. Ed Frantz and Kevin Kushner of CBRE represented Crane Worldwide.
DALTON, GA. — Mattex Group, a Dubai-based carpet backings producer, will establish its U.S. headquarters by building an extrusion manufacturing plant in Murray County, which is part of the Dalton metropolitan statistical area in North Georgia. The company will invest $60 million in the facility and create 200 jobs during the next three years. The company currently has a warehouse in Calhoun, Ga., but the Murray County facility will be Mattex Group's first manufacturing plant outside the Middle East. The property will include between 275,000 and 375,000 square feet. The company, which is building the facility to serve its North American markets, plans to begin construction on the plant this summer and for the facility to become operational in 2014. The Georgia Department of Economic Development (GDEcD) partnered with Murray County and Murray County Industrial Development Authority to manage the expansion. Carl Campbell, regional project manager at GDEcD, led the project on behalf of the state. Georgia Quick Start, a workforce training program, will provide assistance to the company.
ELK GROVE VILLAGE, ILL. — CenterPoint Properties has broken ground on an 87,975-square-foot build-to-suit redevelopment located in Elk Grove Village for Weiss-Röhlig. The international logistics company in airfreight and sea freight transport will lease 57 percent of the facility with the remaining 43 percent to be completed on a speculative basis. The building will be situated on 4.4 acres of land at 1601 Estes Road, about 25 miles northwest of Chicago. Colliers International represented CenterPoint, and CBRE represented Weiss-Röhlig in the long-term lease transaction. CenterPoint, in a venture with an institutional advisor, expects construction to be completed this fall.
CHICAGO — NorthMarq has arranged $31.6 million in first mortgage refinancing for a 23-property industrial portfolio throughout the suburban Chicago area. The portfolio consists of 900,000 square feet and includes a diverse mix of more than 90 tenants in single- and multi-tenant industrial properties. The borrower, VIP Holdings I, wanted the flexibility to sell individual properties, partially prepay the loans and fix long-term rates for the portfolio, according to NorthMarq. Financing was based on five- and seven-year terms and a 25-year amortization schedule. Jeff Cherner and Rup Patel of NorthMarq arranged the loans through a life insurance company and a regional bank.