LAGRANGE, GA. — Binswanger has negotiated the sale of a 130,329-square-foot industrial property, located at 200 Piedmont Cir. in the LaGrange Industrial Park in LaGrange. Dan Stubbs of Binswanger's Atlanta office represented Matsu Properties, the seller, in the transaction. The buyer was Daewon America, a unit of Seoul, South Korea-based Daewon Kangup.
HOLLYWOOD AND FORT LAUDERDALE, FLA. — Thomas D. Wood and Co. has secured two industrial loans totaling $9 million in Florida. Marshall Smith of Thomas D. Wood and Co.'s Coral Gables, Fla., office arranged $4 million on behalf of Port 95-1 Ltd. through Kansas City Life Insurance Co. for a 76,800-square-foot industrial complex, located at 3611-365 SW 30th Ave. in Hollywood. The 10-year loan has a 25-year amortization schedule. Steven Wood, also with the firm's Coral Gables office, negotiated $5 million for the 134,342-square-foot Merrill Industrial Center, located at 3400-3406 SW 26th Ter. in Fort Lauderdale. The 10-year loan has a 25-year amortization schedule and was provided by Symetra Life Insurance Co.
STERLING HEIGHTS, MICH. — Merrill Technologies, a defense contractor, has signed a lease for 27,806 square feet of industrial space at 33844-33852 Sterling Ponds Court in Sterling Heights. Joe Hamway of the Southfield, Mich. office of Signature Associates represented Merrill in the transaction.
COLUMBUS — D+S Distribution Inc., a Wooster, Ohio-based warehousing and transportation company, has signed a 20,000-square-foot industrial lease at 320 Outerbelt St. in Columbus. Rick Trott and Kevin McGrath of Cassidy Turley's Columbus office represented D+S in the transaction. The landlord is 320 Outerbelt LLC.
INGLEWOOD, CALIF. — A 16,400-square-foot industrial building in Inglewood has sold to DoorKing for $2.93 million. DoorKing has occupied the building, located at 112 S. Glasgow Ave., for more than 10 years. The entry and control systems manufacturer will utilize the building for warehousing and office space. Its manufacturing operations are housed in some of the surrounding buildings. Randy Kobata of Lee & Associates-LA North/Ventura represented both the buyer and the seller, 26th Street Partners, in this transaction.
ELK GROVE VILLAGE, ILL. —Chicago-based Bridge Development Partners has acquired a 212,200-square-foot industrial facility, located at 2201 Lunt Ave. in Elk Grove Village. Bridge and its capital partner, Wanxiang America Corp. of Elgin, Ill., paid $3.6 million for the property. The facility is currently leased to stationary company House of Doolittle and trucking firm CR Express. Bridge plans to redevelop the property into an air cargo building with 35 docks. Construction is scheduled for the spring of 2013. David Bercu, Thomas Rodeno and Patrick Turner of the Rosemont, Ill. office of Colliers International represented the seller, Minnetoka, Minn.-based Welsh Cos.
CITY OF INDUSTRY, CALIF. – Two buildings within the Baldwin & Amar Distribution Center in the City of Industry have sold to separate buyers for a total of $14,810,480. A 96,888-square-foot warehouse/distribution building located at 760-780 Baldwin Park Blvd. was purchased by Asia Direct for $8,235,480. The company was represented by Brian McLoughlin of Voit Real Estate Services. A 92,488-square-foot warehouse/manufacturing building located at 13280 Amar Ave. was purchased by American Foam, Fiber & Supplies for $6,575,000. That company was represented by Jason Chao of CBRE. Phil Lombardo and Ty Newland of Cushman & Wakefield represented the distribution center’s owner, OMP, on both transactions.
FORT MYERS, FLA. — The Fort Myers Preparatory & Fitness Academy has signed a 65,190-square-foot lease at a former Robb & Stucky warehouse and showroom, located at 4740 S. Cleveland Ave. in Fort Myers. The charter school will move from its temporary location at 10676 Colonial Blvd. in Fort Myers, and convert the space into 33 classrooms, office space, a cafeteria and athletic facilities. Jim Garinger of Colliers International's Fort Myers office represented the landlord, Normark Investments, in the 10-year lease transaction. John Paulich, IV, of Jassy Real Estate Investments represented the tenant.
MEMPHIS, TENN. — Chris Avery of AESOP Memphis has signed a 30,000-square-foot lease at an industrial building, located at 5355 Distriplex Farms Dr. in Memphis, for a Sky Zone Indoor Trampoline Park. Charles Sevier of Memphis-based Crump Commercial/CORFAC International, along with Aleks Trifunovic of The Klabin Co./CORFAC International's Los Angeles office represented the tenant in the lease transaction. Hank Martin of Memphis-based NAI Saig represented the landlord, Net Magan Property Owner One LP.
CHICAGO — Sperry Van Ness has sold two West Loop properties, totaling $1.9 million, in Chicago. Scott Maesel represented the seller of 1328 W. Randolph, formerly known as the Weinstein Meatpacking Building. A private investor purchased the 14,700-square-foot building for about $1.1 million. Maesel also represented both parties in a transaction at 935 W. Randolph. The 7,200-square-foot former meatpacking building had housed the Jos. A. Baumgartner Co. since 1977. A private investment group purchased the property for $725,000 and will redevelop the building into a mixed-use property.