RIVERSIDE, CALIF. — Grubb & Ellis has brokered Oakmont Industrial Group’s $7.1 million sale of a 150,109-square-foot warehouse/distribution property, located within Hunter Park Business Center at 1100 Citrus Ave. in Riverside, to A.M.A. Plastics. Built in 2007, the property will be fully occupied by the plastic injection molding and tooling organization for its corporate headquarters. Grubb & Ellis’ Milo Lipson and Ryan Velasquez represented the seller in the transaction, and Voit Commercial Brokerage’s Walter Frome represented the buyer.
VISTA, CALIF. — Lee & Associates has completed a 10-year, $6.7 million lease of a 98,000-square-foot industrial building located at 2633 Progress St. in Vista. The brokerage firm’s Adam Robinson, Isaac Little and Marko Dragovic represented the landlord, Wilco Investments, in the transaction, and Cassidy Turley/BRE Commercial’s Don Grant represented tenant, McCain Inc., which will be using the recently constructed, LEED-certified property for office, R&D, manufacturing and distribution purposes.
MILWAUKEE — Stephen Provancher and Vytau Barcas of NAI MLG Commercial have brokered the lease of an industrial space in Milwaukee. FM Industries has leased 16,362 square feet of industrial space at 4837 W. Woolworth Ave. from Burns-Woolworth LLC. The water pump distributor will use the new space to expand its company. Terms of the lease were not released.
NEWBURYPORT, MASS. — The Kane Company has negotiated the sale of a 7,200-square-foot flex industrial property in Newburyport. The property is located on 2.5 acres at 4 Malcolm Hoyt Drive. Anthony Triglione of Kane represented the seller, Dakota Realty Trust, and procured the buyer, M&L Realty Trust.
COPPELL — Duke Realty Corp.'s Dallas office has entered into a long-term lease agreement with SP Richards Co. for 212,776 square feet in its Freeport VII building, a 383,925-square-foot warehouse and distribution building in Coppell. SP Richards is an office supplies and furniture distributor that will consolidate 130,324 square feet it currently has in two distribution facilities in Carrollton into Freeport VII, and will lease an additional 82,450 square feet in the building to meet its expanding space needs. Freeport VII, located at 631 S. Royal Ln., is 55.4 percent occupied. Randy Wood represented Duke Realty in house.
JOLIET, ILL. — Beacon Realty Capital Services has arranged a $20 million mortgage loan on Central Grocers headquarters and distribution facility in Joliet. The 940,000-square-foot facility features state-of-the-art temperature-controlled storage and 38-foot warehouse clear heights. Beacon's Jim Ablan sourced the 10-year loan, which carries a 25-year amortization schedule. The loan was placed with RBS Citizens, N.A. (Charter One).
ORLANDO, FLA. — Mohawk Industries Inc. has leased 46,002 square feet of industrial space in Orlando. Located at 7320 Kingspointe Parkway, the property was leased for an undisclosed price. Moses Salcido of Southern Commercial Real Estate Advisors represented the landlord, Crownpointe Buildings, in the transaction. Kaycee Kapels of Jones Lang LaSalle represented the tenant. Terms of the lease were not released.
SHELBY TOWNSHIP, MICH. — Close Quarters Tactical LLC has signed a lease for a 26,660-square-foot industrial building, which is located at 50485 Utica Road in Shelby Township. The tenant will offer a state-of-the-art tactical gun range within the facility. The new location will serve as a training center of choice for police, SWAT, FBI and corporate security teams across the Midwest. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International represented the tenant and the undisclosed landlord in the deal. Terms of the lease were not released.
SAN FRANCISCO — Cassidy Turley BT Commercial’s Scott Mason has represented Tony Leong in his $5.85 million acquisition of a 30,000-square-foot warehouse facility in San Francisco from YRC Inc. The new owner/user operates an electrical company and will be utilizing a portion of the property, which is primarily a cross-dock facility that also consists of nearly 70,000 square feet of yard space.
SALEM, ORE. — Marcus & Millichap has presided over the sale of two industrial buildings totaling 156,000 square feet, located at 4050 and 4060 Fairview Industrial Drive in Salem. Terms of the deal were not disclosed. Marcus & Millichap’s Michael Kapnick and Will Stone represented the buyer and the seller, both limited liability companies, in the transaction.