DEVENS, MASS. — Colliers International's capital markets group has arranged a $13.7 million loan for 112 Barnum Road, a 448,000-square-foot industrial asset in Devens. A joint venture between Calare Properties and Hackman Capital Partners acquired the property, which served as the former Evergreen Solar headquarters, earlier this year. Tom Welch and David Douvadjian of Colliers arranged the five-year, nonrecourse loan through Unibank for Savings.
FORT MYERS, FLA. — A 71,229-square-foot self storage facility has traded in Fort Myers for an undisclosed price. Charles LeClaire and Michael Mele of Marcus & Millichap represented the seller, a limited liability company based in California, and the Florida-based buyer. The self storage facility includes 537 units and was built in 2007. Amenities include climate-controlled units, drive-up units, roll-up doors, security cameras and a gated entrance.
HOUSTON — Prologis Inc. has kicked off construction on two speculative distribution facilities totaling more than 282,000 square feet at Prologis Park Northpark in Houston. The buildings are being constructed to LEED certification standards. At full build-out, Prologis Park Northpark will total 1.2 million square feet.
LEWISVILLE, TEXAS — Essilor of America, an optical lens manufacturer, has signed a lease with Duke Realty Corp. for the 169,476-square-foot Waters Ridge II, an industrial property located at 501 E. Corporate Drive in Lewisville. Duke Realty is completing one of Essilor's requirements for the building to be 100 percent climate controlled. Essilor will use the property as a distribution center. Jean Russo of Cushman & Wakefield represented the tenant in the lease transaction. Duke Realty was self-represented by Curt Hefner.
GARNER, N.C. — First American Exchange Co. has sold a 180,000-square-foot distribution center at 1001 Pergo Pkwy. in Garner to Exeter Property Group. The industrial property was built in 2002 and is 100 percent leased to Pergo, laminate flooring manufacturer. Butch Miller and Ann-Stewart Patterson of CBRE/Raleigh represented the seller. Pergo renewed its 180,000-square-foot lease in May 2012.
ST. LOUIS AND BRIDGETON, MO. — Gateway Commercial ?Cushman & Wakefield has arranged the sale of two industrial properties for a combined total of $15 million. The first industrial building, located at 6504 Prescott Ave., was sold to Exeter 6504 Prescott Avenue for $12.25 million. The seller of the 420,000-square-foot North Broadway Distribution in St. Louis was Fort Wayne, Ind.-based The Lincoln National Life Insurance Co. Crane Co. sold the second building, located at 12949 Enterprise Way in Bridgeton, Mo. The 443,000-square-foot production and distribution building was sold to Mallard LLC for $2.75 million.
KENTWOOD, MICH. — Chicago-based Cohen Financial has secured $11.6 million in acquisition financing for a 462,000-square-foot, multi-tenant industrial property in Kentwood, just south of Grand Rapids. The building is located at 4700 Broadmoor Ave. and is fully occupied. Cathy Bronkema of Cohen Financial arranged the fixed rate, nonrecourse, 10-year term loan with a national CMBS lender. The borrower is a Chicago-based commercial real estate owner/investor. The deal closed on Dec. 28.
CHARLOTTE, N.C. — The Keith Corporation has sold a nine-building industrial portfolio totaling approximately 1.4 million square feet across the state of North Carolina. S&F Acquisitions Inc., a joint venture between Schmier & Feurring Properties Inc., L&J Schmier Investment Co. and Indepencia Asset Management, purchased the portfolio for $84 million. Chris Norvell and Scot Humphrey of Cushman & Wakefield/Thalhimer’s Capital Markets team as well as Stewart Calhoun, Jim Carpenter and Mike Davis of Cushman & Wakefield’s Industrial Advisory Group represented The Keith Corporation. The properties include five buildings in Lincoln County Industrial Park in Lincolnton, N.C., two buildings in Sherrill Industrial Park in Statesville, N.C., one building in Cleveland County Industrial Park in Kings Mountain, N.C., and one building in Rock Creek Center in Whitsett, N.C. The buildings are 100 percent leased to a variety of tenants including Crate & Barrel, Lenovo and United Technologies.
CHARLOTTE, N.C. — Trinity Capital Advisors, through a joint venture with Pacific Coast Capital Partners, has purchased two Class A office and warehouse buildings in Shopton Ridge Industrial Park at 3845 Shopton Rd. and 3810 Shutterfly Rd. in Charlotte for an undisclosed price. The two buildings total 211,200 square feet and include tenants Linde Gas, Apria Healthcare and Cardinal Health.
FAIRFAX COUNTY, VA. — NAI KLNB, in conjunction with C-III Realty Services, has brokered the sale of 7200 Fullerton Road, a 79,000-square-foot warehouse in Fairfax County, for $5.5 million. Chris Kubler, Marc Tasker and Ryan Moody of NAI KLNB and Linda Simpson of C-III Realty Services represented the seller, C-III Asset Management LLC. Buyer Curtis Investments was self represented. The building was constructed in 1977 and is located adjacent to the Fairfax County Parkway, Backlick Road and the National Geospatial-Intelligence Agency headquarters building.
