CREST HILL, ILL. — High Street Equity Advisors LLC purchased a 262,500-square-foot industrial warehouse, located in the Crest Hill Business Park at 21511 Division St. in Crest Hill, Ill. The Boston-based investment firm acquired the property from Qualified Intermediary Land Trust of Southern Illinois for an undisclosed amount. Michael Tenteris and Jeff Fischer of NAI Hiffman represented High Street in the transaction.
CHICAGO — Great Lakes Lumber and Pallet Inc., an industrial pallet manufacturer, has leased 47,600 square feet of space at 333 W. 47th Place in Chicago. Mike Nelson and Mark Nelson of Chicago-based NelsonHill represented the tenant and Matt Rogatz of Chicago Industrial Real Estate represented the owner in the transaction.
CRETE, ILL. — Silliker Inc., an international network of food testing and consulting laboratories has broken ground on a new lab in Crete, Ill. The building, which has a reported cost of $9.8 million, will house Silliker's research and development team. When completed next summer at Steger Road and Illinois 394, the 71,000-square-foot facility will be one of the largest food testing labs in the U.S. Robert Sevim and Rich Dale of Studley's Illinois office advised Silliker throughout the real estate process.
PORT CHESTER, N.Y.—NorthMarq has arranged $3.4 million in financing for the 48,100-square-foot Byram Self-Storage, located at 2 Highland St. in Port Chester, N.Y. Dale Stewart and Chris Williams of NorthMarq's Denver office arranged the financing based on a 10-year loan and 25-year amortization schedule through a correspondent relationship with one of NorthMarq's life insurance companies.
CHANTILLY, VA., AND LANDOVER, MD. — Rockville, Md.-based Washington Real Estate Investment Trust has sold the remaining two properties in its industrial portfolio, the 324,412-square-foot Dulles Business Park in Chantilly and the 150,000-square-foot 6100 Columbia Park Road in Landover, for $70.6 million. The buyer of the portfolio was a joint venture between AREA Property Partners and the Adler Group. The sale proceeds of the full portfolio total $350 million.
PHOENIX — Pacifica Real Estate Group LLC has purchased a 108,287-square-foot distribution building in Phoenix for $6.25 million. The building was constructed in 1994 and is fully leased to Tharco. Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE’s Phoenix office, and Scott Schumacher and Kevin Shannon from the firm’s Torrance, Calif., office represented the seller, The Realty Associates Fund VI LP.
COLTON, CALIF. — Best Drilling and Pump has purchased 9.8 acres of industrial land in Colton for $2,338,934. The drilling and testing company plans to occupy about 5.3 acres of the land after it relocates from its current location in Bloomington, Calif. NAI Capital, which represented both the buyer and the seller, SRC Pellisier, has been retained to lease the remaining 4.5 acres. Teresia Knight of the firm’s Ontario, Calif., office worked directly with the parties on this transaction.
SAN DIEGO — IDS Realty JV II has purchased a 411,245-square-foot industrial/warehouse building in the Kearny Mesa submarket of San Diego for an undisclosed sum. The multi-tenant building is currently 85 percent leased. IDS was represented by IDS Real Estate Group in this transaction. CBRE’s Jack Fraker, Darla Longo, Barbara Emmons, Louay Alsadek, Rob Merkin and Brent Wright represented the seller, who was not named.
SAVANNAH, GA. — Judge Organization has signed a 277,000-square-foot lease for a build-to-suit warehouse in Centerpoint Intermodal Center in Savannah. John Neely of Colliers International's Savannah office represented Centerpoint Properties, the landlord, in the lease transaction.
CHICAGO — Duke Realty Corp. has acquired a nine-building industrial portfolio, totaling 1.79 million square feet for a reported $100 million. Eight of the buildings in the portfolio are located in Chicago, and a ninth building is in Corona, Calif. The seller, Boston-based TA associates, was represented by Mike Caprile, Ted Staszak and Stephanie Park of CB Richard Ellis. The nine properties are fully leased.
