PLYMOUTH, MICH. — Signature Associates has negotiated the lease of 34,885 square feet of industrial space, located at 44895 Helm Court in Plymouth to The Kroger Co. of Michigan. Steve Gordon of Signature Associates' Southfield, Mich., office represented the landlord, Dembs Roth Group.
AUSTIN — Linsalata Realty Services has brokered the sale of the 49,200-square-foot Granada Self Storage, a self-storage facility located at 201 W. Stassney Ln. in Austin. A-A-A Storage Stassney, LLC, purchased the property with financing from Amplify Credit Union. The facility includes 576 self storage units and a five-bay car wash. Joe Linsalata of Linsalata Realty brokered the transaction on behalf of the buyer.
MIRAMAR, FLA. — Atlanta-based IDI has started construction on the 264,074-square-foot Miramar Centre Business Park Building A, located at 15701 SW 29th St. in Miramar. The speculative distribution center and warehousing facility will be built to LEED Silver certifications standards. The 70-acre Miramar Center business park is projected to have 10 buildings totaling more than 1 million square feet. Currently, there are seven buildings totaling 600,000 square feet on the site. Completion for Building A is slated for July 2012.
GREENVILLE, S.C. — NAI Earle Furman has brokered the $2.99 million sale of a 63,600-square-foot industrial property, located at 1290 Ridge Rd. in Greenville. Earle Furman, Jon Good and Alexi Papapieris of NAI Earle Furman's Greenville office represented the undisclosed seller in the transaction. The buyer was Image Investments.
SUFFOLK, VA. — Cushman & Wakefield/Thalhimer has arranged the $1.9 million sale of the 50,000-square-foot former Georgia-Pacific Mill facility, located at 272 Benton Rd. in Suffolk. Bobby Phillips of Cushman & Wakefield/Thalhimer's Newport News, Va., office represented Koch RP Holdings I, the seller, in the transaction. The buyer was The City of Suffolk.
CHICAGO — Cushman & Wakefield Sonnenblick Goldman's Atlanta office has arranged $25.7 million of acquisition debt financing on behalf of a partnership between AREA Property Partners and DW Management Co. The partnership purchased two industrial assets totaling more than 1 million square feet, including a building at 1075 Taylor Rd. in Chicago. The second building was located in Charlotte, N.C. The 5-year loan was provided by a domestic bank.
WOBURN, MASS. — The Stubblebine Co. has brokered the $2 million sale of 9 Micro Dr., a 28,970-square-foot industrial building in Woburn, Mass. David Stubblebine, James Stubblebine and Micah Stubblebine represented the buyer, Inscribe Inc. They also represented the seller, Wetmore Inc., in the transaction.
HOUSTON — Vigavi Realty has acquired a 63,550-square-foot flex property, located at 5050 Westway Park Blvd. in the Beltway 8 Corporate Center in Houston. Mark Nicholas and Richard Quarles of Jones Lang LaSalle's Houston office represented the buyer in the transaction. Houston-based Central Management Inc. is now managing the property, which is 100 percent leased to national credit tenants.
ST. LOUIS— Faultless Laundry Co., a Kansas City-based textile rental company, has acquired the 103,000-square-foot industrial building at 1615 N. 25th St. in St. Louis for $2.35 million. Patrick Reilly of Gateway Commercial represented the buyer. Hilliker Corp. represented the seller, Reed Family Investment Group.
NEWPORT, DEL. —TotalTrax Inc., a newly formed technology logistics company, has leased 15,000 square feet of warehouse space at Newport Industrial Park, located at 500 Water St. in Newport. Landlord Harvey, Hanna & Associates is renovating the building and a warehouse expansion to 31,200 square feet on the site is planned for 2012.