HOUSTON — Coldwell Banker Commercial United, Realtors has brokered the sale of a 7,312-square-foot industrial property, located at 2301 McAllister Road in northwest Houston. Randy Connell of Coldwell Banker's Houston office represented the buyer, SIngle Source Events, in the transaction. Michael Holmes of Weichert Realty's Houston office represented the undisclosed seller.
CHICAGO — Ascent Corp. has secured $107 million in debt financing from a lending group headed by Bank of America Merrill Lynch. The funds will be used to expand the company's newest data center, CH2 in Chicago and enable the company to expand into new markets. Riaz Cassum, Michael Kavanau and Laren O'Neil of HFF served as advisor to Ascent on the deal.
VAN BUREN TOWNSHIP, MICH. — Visteon Corp. has sold the Grace Lake Corporate Center in Van Buren Township to Sovereign Partners, for $81.1 million. The automotive supplier signed a 15-year lease for 572,000 square feet on the site where its corporate offices and innovation center will continue to be located. Under the agreement, Sovereign Partners will manage the 287-acre property, including all office buildings and a conference facility. The property's other tenants, GE and Dana Holding Corp., each have long-term leases that will remain in effect with the new property owner.
FRANKLIN, IND. — Stag Industrial has acquired a 703,496-square-foot warehouse and distribution facility in Franklin for $17.8 million. The building is fully leased to Anderson Merchandisers, which markets and distributes DVDs, movies and books, among other products. The company has 5 years remaining on its lease. The purchase brings Stag's total 2012 acquisition volume to approximately $65 million.
UNION, N.J. — Atlantic Star Trucking Inc. has signed a long-term lease for 60,000 square feet of industrial space at 1835 Burnet Ave. in Union. The company, which specializes in importing and exporting, will use the site for warehouse and distribution purposes. Barry Cohorsky of NAI Hanson represented the owner, Miller Industrial Properties, in the deal. Jones Lang LaSalle's Iselin, N.J. office represented the tenant.
SCHERTZ — San Antonio-based 4M Realty Co. has brokered the sale of a 386,000-square-foot industrial property, located at 1150 Schwab Road in Schertz on a 42-acre lot. Michael Weiss and Nick Prater of 4M represented the seller, City Bank Texas, in the transaction. John McMillan of San Antonio-based First American Commercial Property Group represented the buyer, Salof Properties.
HOUSTON — NAI Houston has arranged the sale of a 26,000-square-foot industrial building, located at 80 White Road in Houston. Clay Pritchett of NAI Houston represented the seller, Martinez A&M Investments, in the transaction and procured the undisclosed buyer.
CRANBURY, N.J. — Hardware manufacturer Howard Berger Co. Inc. has signed a 60,000-square-foot lease expansion at 324 Half Acre Rd. in Cranbury, bringing its headquarters to 297,000 square feet. Stang Danzig and Jules Nissim of Cushman & Wakefield's East Rutherford, N.J. office represented the owner, US Industrial REIT II, in the deal. CBRE represented the tenant.
DEVENS, MASS. — In a joint venture, Hackman Capital and Calare Properties have acquired the former Evergreen Solar Plant at 112 Barnum Rd. in Devens, for an undisclosed amount. The 448,000-square-foot manufacturing facility is situated on 25 acres. Evergreen Solar constructed the facility in 2010.
TOMBALL — Four D Resources has sold a 33,894-square-foot warehouse, located at 23540 Coons Rd. in Tomball, to Kiss Real Properties. Ron Roberson and Bill Ginder of Caldwell Cos.' Houston office represented the seller in the transaction. Greg Degeurin of Houston-based Degeurin Realty represented the buyer.