OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.
TROY, OHIO — Crown Equipment Corp. has purchased the 165,000-square-foot Stillwater Technologies building at 1040 S. Dorset Road in Troy. Stillwater, a contract manufacturer, will continue to occupy its current space in the building, while Crown Equipment — a producer of material-handling equipment — will move into a space formerly occupied by robotics manufacturer Motoman. The building features 20,000 square feet of office space, 24-foot clear ceiling heights and heavy power. Tim Echemann of Industrial Property Brokers and Norm Khoury of Cassidy Turley represented the sellers in the transaction.
OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.
CHICAGO — Engineered Recycling Co. (ERC) has signed a five-year lease for 54,000 square feet of industrial space at 4100 W. 76th St. in Chicago. The space is located within a 796,454-square-foot complex. ERC will take in recycled plastics and melt the plastic into useable pellets. The company currently has a plant in North Carolina. Matt Rogatz of Chicago Industrial Real Estate represented the tenant in the transaction.
WILMINGTON, MASS. — Campanelli has sold four properties totaling 198,000 square feet in Wilmington that are part of the GS Portfolio. Campanelli acquired the eight-building portfolio in 2010. Spaulding & Syle Investments acquired 255 and 261 Ballardvale in Wilmington for $5.8 million. The buildings total 85,067 square feet. Jones Lang LaSalle represented the seller in the transaction. In a separate deal, Cabot Properties purchased 10 Cornell Place and 265 Ballardvale in Wilmington for a combined $9 million. 10 Cornell Place is a 39,727-square-foot, single-tenant flex building that is net leased to FedEx until 2021. 265 Ballardvale is a 73,500-square-foot flex building that is fully leased to four tenants.
PIEDMONT, S.C. — Drive Automotive Industries of America, a manufacturing division of Cosma International, plans to expand its facility, located on Moon Acres Road in Piedmont, by 150,000 square feet. The $50 million investment is expected to create 60 jobs. The expansion is slated for completion in the third quarter of 2013.
ROMULUS, MICH — CHAT Michigan Inc., a worldwide freight forwarder, has signed a lease for 89,765 square feet of industrial space at Northline Industrial Center in Romulus. The facility includes rail access and houses more than 1 million square feet of warehouse facilities on 164 acres. The center is located at 38481 Huron River Drive. Gary Glotzhober of Colliers International represented the owner, Northline, in the transaction. He also represented the tenant.
WOODBRIDGE, TWP., N.J. — Metro Logistics has signed a lease for 82,000 square feet at 4 Engelhard Ave. in Woodbridge Twp., N.J. The warehouse, trucking and distribution operator is relocating from a 25,000-square-foot building in Secaucus. Daniel Badenhausen and Andrew Stypa of Metro Logistics represented the landlord in the transaction.
WEBSTER, N.H. — Copart, a real-time online vehicle auction company, has opened a new facility on 17 acres in Webster. The facility is Copart's first in the state, and the 157th facility worldwide. The property will service the entire state of New Hampshire as well as the eastern portion of Vermont.
ROCK HILL, S.C. — Weston Inc. has sold a 318,000-square-foot industrial building, located at 2751-2805 Commerce Drive in Rock Hill, to Rock Hill Commerce LLC for $5.15 million. The property is 58 percent leased to two tenants. Lester Osborn and Scott Hensley of Piedmont Properties/CORFAC International represented the seller in the transaction. Herb Krumsick of J.P. Weigand & Sons and Michael DiScala of M.F. DiScala & Co. represented the buyer.