BETHEL, PA. — Dollar General has purchased 110 acres of indusrial land at Berks Park in Bethel. The land will be developed for a distribution center. Jack Shepley of NAI CIR and Joe Howell of NAI Global Corporate Solutions represented Dollar General in the transaction. Jeff Williams of Cushman & Wakefield represented the seller, Berks County Industrial Development Authority.
PLACENTIA, CALIF. – A 77,788-square-foot industrial property in Placentia has sold to Classic Performance Products for $5.9 million. It is located at 378 E. Orangethorpe Ave. The company plans to use the property for its manufacturing, sales and R&D operations. Classic Performance was represented by Mike Vernick and Mike Hefner of Voit’s Anaheim office. The seller, Lincoln Imports, was represented by CBRE’s Erik Wanland and Sean Ward.
LANHAM, MD. — Capitol Asset IT & Recycling Solutions has acquired a 25,500-square-foot warehouse and office property located at 4721 Boston Way in Lanham, for $2.15 million. The property will serve as Capitol Asset's new headquarters, warehouse and distribution facility. Scott Skogmo of Sperry Van Ness represented the buyer in the transaction. Mike Roden, Jay O'Donnell and Ralph Haught of CBRE Group represented the seller.
LANSDALE, PA. — Metso Automation USA has signed a 50,000-square-foot lease at 2750 Morris Road in Lansdale. The company supplies technology and services to the process industry, which includes mining and construction. Justin Bell and Neil Shupak of Newmark Knight Frank Smith Mack represented Metso in the transaction. Metso expects to open its new facility in January 2013. 2750 Morris Road is the 650,000-square-foot former Visteon Corp. electronics facility that closed in 2009.
HOUSTON — Chicago-based Brennan Investment Group and DLJ Real Estate Capital Partners have acquired a nine-building industrial portfolio totaling 338,577 square feet in Houston. Brennan and DLJ plan to reposition and lease up the portfolio.
NORTHRIDGE, CALIF. – A 54,171-square-foot industrial property in Northridge has sold to Devarim Investment, LLC for $2.55 million. The four-building property is located at 19015-19031 Parthenia Street. John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers International’s Encino office represented both the buyer and the seller, OneWest Bank, in this transaction.
OLIVE BRANCH, MISS. — Cushman & Wakefield has arranged the sale of the 1.1 million-square-foot Williams-Sonoma National Distribution Center, located in Olive Branch. The cross-docked facility is leased on a triple-net basis to William-Sonoma Retail Services. Stewart Calhoun and Robert Elms of Cushman & Wakefield, along with Dave Curran of Cushman & Wakefield/Commercial Advisors, represented the seller, a private investor, in the transaction. American Realty Capital was the buyer.
LEMONT ILL. — Unlimited Carrier is moving its headquarters from Lansing, Ill., to Lemont. The trucking company acquired a 33,400-square-foot industrial building for $2.9 million from Interstate Lemont LLC. The facility is located at 13555 Main St. and features 7,400 square feet of office space, three exterior docks and two exterior rail doors. Unlimited Carrier has selected Development Solutions Inc. to upgrade the building. Benjamin Cremer and Michael Robbins of NAI Hiffman represented the tenant in the transaction. Paul Ahern and Tom Barbera of Interstate Holdings represented the seller.
LIBERTY, MO. — LMV Automotive Systems has signed a lease for a 212,500-square-foot build-to-suit manufacturing facility on 45 acres in Liberty. LMV supplies welded body an structural components to the automotive industry. Becknell Industries is developing the facility and expects to complete construction in the first quarter of 2013. The single-story building will feature heavy power, 32-foot clear ceiling heights and 12,000 square feet of office space. The property is located at 3251 Heartland Drive. Olen Monsees and Jack Allen of Karbank Real Estate Co. LLP/CORFAC International represented LMV in the transaction.
HOUSTON — Henry S. Miller Brokerage has arranged the sale of 317 Allen Genoa, a 20,000-square-foot office/warehouse located in southeast Houston. Doug Bates of Henry S. Miller represented the seller, CJ Holdings, in the transaction. John Littman of Cushman & Wakefield Texas represented the buyer, Houston Refining, an entity of Lyondellbasell.