FONTANA, CALIF. — Syncreon Technology has leased a 155,000-square-foot industrial property in Fontana. It is located at 14780 Bar Harbor Road. The lease is valued at more than $1.7 million. The property is currently used as a distribution center. Syncreon was represented by Richard Horn and Philip T. Attalla of NAI Capital. The landlord is Intex Properties Inland Empire Corporation.
TINLEY PARK, ILL. — M. Block & Sons has signed a lease for 915,643 square feet of industrial space at 18801 Oak Park Ave. in Tinley Park, a south Chicago suburb. The building is located within the Tinley Park Corporate Center and includes 314 parking spaces, 211 loading doors and 32-foot clear ceiling heights. Jeff Locascio of Newmark Knight Frank Epic's Chicago office represented the tenant in the transaction. Larry Johnson of CBRE represented the building owner. M. Block & Sons is a supply chain solutions company that offers traditional warehousing, distribution and logistics services.
ALLENDALE, N.J. — In a joint venture, Loeb Partners Realty and Red Pine Capital Partners have purchased 75 Commerce Dr., an industrial facility in Allendale for $15.85 million. The 114,206-square-foot flex property includes 90,22 square feet of office and lab space and 23,984 square feet of warehouse space. At the time of sale, the property was leased to two tenants: Aptuit, a pharmaceutical company; and Energizer Holdings' Playtex Division, a personal care products company. Andrew Merin, David Bernhaut, Gary Gabriel, Jared Zimmel, Frank Caccavo, Jason Goldman, Marc Petrella and Andrew Siemsen of Cushman & Wakefield represented the seller in the transaction.
BAYTOWN — A 8,200-square-foot industrial building, located at 2209 Market St. in Baytown, has been sold. David Hummel of Coldwell Banker Commercial United, Realtors' Houston office negotiated the sale between the seller, All Tech Inspection, and the buyer, Texas Colt Services.
CARLSBAD, CALIF. — Darwin Technology Center, a 70,456-square-foot industrial/flex building in Carlsbad, has received $4.6 million in first-mortgage refinancing. The loan features a 10-year term and a 30-year amortization schedule. It was arranged by Michael Elmore of NorthMarq’s Los Angeles office through the firm’s relationship with a national bank.
PETERSBURG, VA. — McWane Inc. has sold a 104,000-square-foot industrial facility, located at 23209 Airpark Dr. in McWane, to Consolidated Process & Packaging for $1.77 million. Richard Porter of Richmond, Va.-based Porter Realty Co. represented the seller in the transaction.
MIAMI — NorthMarq Capital has arranged $5.5 million in first mortgage refinancing for the 112,855-square-foot Transal Park, an industrial property located at 8305 NW 27th St. in Miami. Jeff Robertson of NorthMarq's Miami office secured the 10-year loan with a 25-year amortization schedule through State Farm Life Insurance Co.
KANSAS CITY, MO. — Clayco LLC has purchased an 85,000-square-foot industrial building at 1841 Vernon in Kansas City for an undisclosed price. Robert Galamba and Douglads Hedrick of Colliers International's Kansas City office represented the seller, Arvest Bank, in the deal. Alec Blackwell of Cassidy Turley represented the buyer.
SPRINGFIELD, N.J. — Ring Container Technologies, a plastic container maker, has signed a 64,338-square-foot lease at 50-52 Fadem Rd. in Springfield. The company plans to use the space to manufacture containers for the food industry. Barry Cohorsky of NAI Hanson's Hackensack, N.J. office represented the tenant in the transaction. Douglas Bansbach of Cassidy Turley represented the landlord, Bristol Group.
BUENA PARK, CALIF. — RockTenn Corporation has signed a five-year lease at a 110,609-square-foot industrial building in Buena Park. The lease is valued at $3 million. The company plans to distribute corrugated paper products at the 5600 Knott Ave. property. It will be relocating from nearby Santa Fe Springs. RockTenn was represented by Clyde Stauff and Chris Sheehan of Colliers International. The landlord, Crown Associates Realty Inc., was represented by Scott Smith and Tim Cronin of Lee & Associates.