HATBORO, PA. — Binswanger has acquired a 122,432-square-foot former Sam's Club at 1001 S. York Rd. in Hatboro, north of Philadelphia. The buyer, Benjamin Foods, has been leasing the facility since 2010 and the company exercised its option to purchase the facility from Upper Moreland Holdings LP. Benjamin Foods, a full-service food distributor, uses the facility for its warehouse and distribution space, as well as a retail cash and carry location. The facility includes six loading docks and parking for 917 vehicles. Chris Pennington of Binswanger represented the buyer in the transaction.
SULPHUR SPRINGS — Binswanger has arranged the sale of a 152,200-square-foot manufacturing/warehouse facility, located at 906 Hillcrest Drive in Sulphur Springs. The buyer, Pinnacle Cos., plans to invest more than $4 million into the property. Kipp Collins of Binswanger's Dallas office represented the seller, Greenball Corp., in the transaction.
PHOENIX — ViaTeK Solutions has signed a three-year lease for 23,225 square feet of warehouse space at Freeport Buckeye West in Phoenix. This will be the company’s first Phoenix-area location. ViaTeK was represented by Bill Bayless and Andrew Brigham of CBRE’s Phoenix office. The landlord, B-V Freeport Distribution Center LLC, was represented by Bo Mills, Mark Detmer and Will Strong of Cushman & Wakefield in Phoenix.
EDINBURGH, IND. — M&L Storage LLC has purchased Secure Storage, a 15,920-square-foot self-storage facility in Edinburgh, for $350,000. The property is a Class B+ facility with 106 storage bays and is located at 7659 E. State Rd. 252. Mickey Hurley of Marcus & Millichap represented the seller, Secure Storage LLC, in the transaction. He also represented the buyer.
MARISSA, ILL. — Holland Construction Services has completed a new, $4.5 million industrial shop and administration building for Prairie State Generating Co. in Marissa. The 29,841-square-foot facility includes an administration area, locker rooms, a drive-through industrial shop and a 20-ton crane. The Prairie State campus in Marissa is an electric generation facility. The campus includes a 1600-megawatt plant and adjacent coal mine and is 95 percent owned by eight public power companies.
HOUSTON — Cadence McShane has completed the construction on a 253,838-square-foot tenant improvement assignment for an industrial property, located within the Guhn Road Distribution Center at 6535 Guhn Road in Houston. Cadence McShane worked on behalf of Forum Energy Technologies, completing a 20,000-square-foot office component and customized research and development space. Richard Moody Architects provided architectural services for the project.
CHATSWORTH, CALIF. — Boulder Electric Vehicle has leased a 27,714-square-foot industrial building in Chatsworth. The building will allow the company to expand its manufacturing operation that is currently based in Boulder, Colo. The new center is located at 9655 Irondale Ave. Boulder Electric Vehicle was represented by Mike Fowler and Ben Stapleton of Jones Lang LaSalle Los Angeles.
ROMEOVILLE, ILL. — Principle Construction Corp. has completed a 184,320-square-foot renovation project within a 444,171-square-foot industrial building in Romeoville. AP Taylor Road LLC owns the facility, which is located at 1075 W. Taylor Rd. Principle was tasked with converting the single-tenant facility into a multi-tenant building. Feher Architects provided architectural services for the project.
OMAHA — Q10/Daisley Ruff Financial has arranged a $2.8 million loan for the refinancing of six industrial buildings in Omaha. The buildings are approximately 15,000 square feet each. Bob Chalupa of Q10/Daisley Ruff Financial arranged the 20-year loan through a correspondent life company. The loan includes a fixed rate for the first 10 years.
WAUKEGAN, ILL. — VPL Logistics has signed a 167,000-square-foot industrial lease at 3600 Amhurst Parkway in Waukegan. VPL, a packaging solutions provider, plans to use the facility for its warehouse and distribution operations. Whit Heitman, Sam Badger and Bradley Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Prudential Financial, in the transaction. Heitman also represented the tenant.