PITTSBURGH — Marcus & Millichap has negotiated the sale of Camp Horne Self Storage, a facility in Pittsburgh that includes 52,344 square feet of net rentable space across 447 units. The property was built in 2004 on 4.4 acres and was 94 percent occupied at the time of sale. Brett Hatcher and Gabriel Coe of Marcus & Millichap represented the seller and buyer, both of which were undisclosed limited liability companies, in the transaction. Sean Beuche, a regional manager with Marcus & Millichap, assisted in closing the deal.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 450,000-square-foot industrial building in Milwaukee. The property is located at 4265 N. 30th St. Samuel D. Dickman and Samuel M. Dickman Jr. brokered the transaction. Century City Industrial DRS LLC purchased the building from DRS Naval Power Systems Inc. The seller, which is a subsidiary of defense contractor Leonardo DRS Inc., sold the asset for $3.5 million, according to the Milwaukee Journal Sentinel. Leonardo DRS plans to relocate from Milwaukee to Menomonee Falls.
SAUKVILLE, WIS. — Colliers International has brokered the sale of a 71,931-square-foot industrial facility in Saukville, about 25 miles north of Milwaukee. The property is located at 300 Dekora Woods Road. Bill Langhoff and Tom Shepherd of Colliers brokered the sale. Dekora Woods 13 LLC purchased the asset for an undisclosed price.
NASHVILLE, TENN. — Reich Brothers has acquired a 182,200-square-foot manufacturing and distribution facility in Nashville. The facility comprises one main building and two smaller buildings and is located at 707 Spence Lane, four miles from both Nashville International Airport and downtown Nashville. Formerly housing Wright Industries’ main production and warehousing capabilities, the property features ceiling heights ranging from 24 feet to 38 feet and can be repurposed for a single user or subdivided into multiple sections. The new owner will repurpose the property for new tenancy. Site work for the larger building has already commenced and is expected to be completed later this year. The two smaller buildings are currently available for lease or sale. Ronnie Wenzler of Cushman & Wakefield’s Nashville office is marketing the project for Reich Brothers, a national industrial real estate owner and management firm based in White Plains, N.Y. The seller and sales price were not disclosed.
NEWNAN, GA. — Elite Comfort Solutions has leased an additional 130,028 square feet of industrial space in Newnan, bringing its total to 484,382 square feet within a former Kmart distribution center. The center spans almost 2 million square feet and is now fully leased. The property is situated 30 miles southwest of Hartsfield-Jackson Atlanta International Airport and 36 miles southwest of downtown Atlanta. Agellan Capital acquired the building in late 2017 and invested in upgraded sprinklers, loading doors and office space. Ray Stache, Lisa Pittman and Courtney Oldenburg of Cushman & Wakefield represented Agellan Capital and Hove Street, the landlords, in the lease negotiations.
BOCA RATON, FLA. — Colliers International has negotiated a 10,610-square-foot office headquarters lease for Nightingale, a registered nurse staffing company. The lease is for 89 months and costs $1.4 million. Nightingale is relocating to 7800 Congress Centre from 6401 Congress Ave., where it occupied 16,455 square feet. Bob Schneiderman of Colliers represented the tenant in the transaction.
DALLAS AND LANCASTER, TEXAS — Marcus & Millichap has arranged the sale of two industrial properties totaling 192,797 square feet in the Dallas-Fort Worth (DFW) metroplex. One property totals 66,307 square feet and is located at 4343-4345 Sigma Drive in Dallas, and the other spans 126,490 square feet and is located in the southern suburb of Lancaster. Adam Abushagur of Marcus & Millichap represented the sellers and the buyers in both transactions. Sales prices were not disclosed.
SOUTH BRUNSWICK, N.J. — JLL has negotiated a 203,488-square-foot industrial lease at 85 Stults Road in South Brunswick, located north of Trenton, on behalf of an undisclosed apparel company. A joint venture between EverWest Real Estate Investors and Accordia Realty Ventures is developing the facility and expects it to be available for occupancy by the end of the year. Building features will include 36-foot clear heights, 52 loading docks, four drive-in doors, 38 automobile parking spaces and 75 trailer parking spaces. Brian Golden of JLL represented the joint venture, which is also developing a 369,000-square-foot industrial project on an adjacent parcel, in the lease negotiations. Joel Lubin and Gary Politi, also with JLL, represented the tenant, which signed a 10-year lease.
WINFIELD, ILL. — Conor Commercial Real Estate has completed development of the North Avenue Commerce Center in Winfield, about 35 miles west of Chicago. The 265,550-square-foot, Class A industrial facility is the largest commercial development in Winfield’s history, according to Conor. The speculative project sits on 17 acres and features a clear height of 32 feet, 56 exterior docks, four drive-in doors, 12 trailer parking stalls and 228 vehicle parking stalls. McShane Construction Co. served as general contractor and Ware Malcomb provided architectural services.
NORTHLAKE, ILL. — Frozen Assets LLC has signed a 124,409-square-foot industrial lease at 555 Northwest Ave. in Northlake, about 17 miles west of Chicago. Frozen Assets is a third-party provider of temporary storage, turn-key packing, labeling and logistics for the cold storage industry. Steve Livaditis, John Suerth and Jason Lev of CBRE represented ownership, Bridge Development Partners, in the lease transaction.