Industrial

FALL RIVER, MASS. — Rhode Island Novelty, a Cumberland, R.I.-based toy importer and distributor, has purchased a 500,000-square-foot warehouse/distribution center at 350 Commerce Dr. in Fall River. The property sits on 27.5 acres and features concrete slab floors, insulated metal panel walls, rubber membrane over insulation and a steel deck roof, 32 to 47 feet high ceilings, 83 dock doors, one drive-in door, four compactor doors, 510 parking spaces and approximately 20,500 square feet of office space. Binswanger represented the seller, TJX Cos., in the transaction.

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LINDEN, N.J. — Marcus & Millichap Real Estate Investment Services has brokered the $4.8 million sale of a 36,000-square-foot industrial building in Linden. The building is fully occupied and features a new roof, parking lot, facade and interior. Marcus & Millichap's Ben Sgambati and Alan Cafiero represented the seller, a local investor, and secured the buyer, an investor.

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MIAMI — Costex Corp. has purchased a 180,000-square-foot industrial building, located at 7901-8187 NW 71st St. in Miami, for $10.3 million from Seagis Property Group. Devin White, David Albert and Ronald Marrero of CB Richard Ellis' Miami office represented the buyer in the transaction. Jim Armstrong and Michael Waite of Miami-based The Easton Group represented the seller.

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CARLISLE, PA. — Malvern, Pa.-based Liberty Property Trust has broken ground on a 972,000-square-foot single-story Class A speculative warehouse and distribution center at the Carlisle Distribution Center in Carlisle. Liberty is investing approximately $45 million into the new facility. The warehouse has been designed to achieve LEED Core and Shell certification with features like wall insulation, roof insulation and high output lighting.

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CLIFTON, N.J. — The Hampshire Companies, a private real estate investment firm, has sold a 71,666-square-foot industrial facility at 2 Peekay Dr. in Clifton to Mountain Acquisitions. The two-story property sits on 2.9 acres and features six loading docks, four drive-ins, an explosion-proof room and two cool rooms. CB Richard Ellis' Thomas Monahan and Stephen Sander represented The Hampshire Companies in the transaction.

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