ARLINGTON — Signature Associates has arranged two industrial leases totaling nearly 300,000 square feet, located at 3001 E. Pioneer Parkway and 3400-3408 Randol Mill Road in Arlington. Peter Walocko of Signature represented the tenant, Android Industries, in the lease transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.
Industrial
REDONDO BEACH, CALIF. — Gourmet Trading has signed a 10-year lease for a 54,212-square-foot industrial facility in Redondo Beach. The lease is valued at $5 million. The space is located at 2580 Santa Fe Ave. The company plans to relocate to the new facility in early 2013. Gourmet Trading was represented by Luke Staubitz and Harvey Beesen of Klabin/CORFAC’s Los Angeles office. The landlord, CRC Investments, was represented by Jim Sullivan and Brad Vickrey of DAUM Commercial Real Estate Services.
HAYWARD, CALIF. — Well Luck Company has purchased a 101,376-square-foot warehouse and distribution facility in Hayward. It is located at 26599 Corporate Ave. The company will be relocating to the new facility in early 2013. It plans to occupy 65,000 square feet. It will lease out the remaining 35,000 square feet. Well Luck was represented by Joe Yamin and Chet Barney of Colliers’ Oakland office. The seller was represented by Kevin Hatcher, Mark Maguire and Greig Lagomarsino of the same office.
BEECH BOTTOM, W. VA. — Los Angeles-based Hackman Capital Partners LLC has purchased the former Wheeling Corrugating plant in Beech Bottom at auction from RG Steel Wheeling LLC. The Business Development Corp. (BDC) of the Northern Panhandle, a nonprofit organization, received the property’s title following its auction and sale. Hackman Capital Partners and the BDC will develop and lease the site. Beech Bottom was one of RG Steel’s last held manufacturing facilities after the company filed for Chapter 11 bankruptcy this year. Hackman Capital Partners specializes in sourcing real estate and equipment deals through bankruptcies, turnarounds and financial restructurings. The Los Angeles firm sourced the deal with National Machinery Exchange and Capital Recovery Group, and is working in cooperation with the BDC. The 600-acre site sits on the Ohio River and includes 150 acres available for development.
BUCKNER, KY. — Ralcorp Holdings has tapped IDI, a full-service industrial real estate company, to build a 558,600-square-foot distribution center at 1 Quality Place at its Carriage House Division campus in Buckner. The industrial facility recently broke ground and is scheduled for completion by the end of 2013. Ralcorp Holdings produces a variety of private-brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers.
HAYWARD, CALIF. — Well Luck Company has purchased a 101,376-square-foot warehouse and distribution facility in Hayward. It is located at 26599 Corporate Ave. The company will be relocating to the new facility in early 2013. It plans to occupy 65,000 square feet. It will lease out the remaining 35,000 square feet. Well Luck was represented by Joe Yamin and Chet Barney of Colliers’ Oakland office. The seller was represented by Kevin Hatcher, Mark Maguire and Greig Lagomarsino of the same office.
JERSEY CITY, N.J. — Two tenants took advantage of state incentive programs designed to attract and retain companies in New Jersey, leasing a total of 740,000 square feet at the Pulaski Distribution Center in Jersey City. Online grocer Peapod signed a lease for 345,000 square feet. The firm was awarded approximately $34.6 million in Urban Transit Hub Tax Credits approved by the New Jersey Economic Development Authority (NJEDA). Imperial Bag & Paper Co. signed a lease for 395,000 square feet. The firm, which will relocate from a site in Bayonne, N.J., received $29.1 million in Grow New Jersey credits. Robert Kossar, David Knee, Blake Chroman and Christopher Hile of Jones Lang LaSalle represented the property owner, Prologis, in the transactions.
BALL GROUND, GA. — Transwestern’s Southeast Investment Services Group has completed the $16.1 million sale of 1000 Evenflo Dr., a 364,347-square-foot manufacturing warehouse in Ball Ground. Chicago-based Brennan Investment Group LLC purchased the the Class A facility, which is fully leased to Meyn America and SMB Machinery Systems. The property is a part of the I-575 Airport Industrial Park, a 122-acre master-planned development, and has immediate access to I-575. It is located approximately 35 miles north of Atlanta’s Hartsfield-Jackson International Airport. Kevin Markwordt and Julian Brown of Transwestern represented the seller, Sunshine Associates LLC.
ORION TOWNSHIP, MICH. — DLS Detroit has signed a lease for 55,968 square feet of industrial space at 325 Silverbell Road in Orion Township. DLS Detroit is a logistics company with services that include cross-border trucking, warehousing and distribution. Joe Hamway, Mark Hamway and Paul Hoge of Signature Associates represented the landlord, Ashley Capital, in the transaction. Joe Banyai, also of Signature, represented the tenant.
MENOMONEE FALLS, WIS. — Mobile Air Inc., a specialty HVAC company, has signed a lease for 9,600 square feet of warehouse space at 14624 Whittaker Way in Menomonee Falls. Bill Langhoff of Colliers International represented the landlord, First Industrial Realty Trust, in the transaction.