ROCHESTER HILLS, MICH. — Signature Associates has arranged the sale of a 28,817-square-foot industrial building located at 1837 Enterprise Drive in Rochester Hills. Kris Pawlowski and Paul Hoge of Signature Associates represented the buyer, 1837 Enterprise LLC. This is the third location for the buyer, which sells small prosthetics and medical compression socks. The seller was not disclosed.
BERKELEY COUNTY, S.C. — A joint venture between Randolph Development, Portside Investment Group and Synergy Capital will break ground on Portside Distribution Center in Berkeley County, about 24 miles northwest of downtown Charleston. Frampton Construction will build the two-building campus over the next two years. Construction on the first building will begin March 1, and each asset will feature 32-foot clear heights and load-bearing concrete tilt walls. McMillan Pazdan Smith designed the first building, which will span 189,500 square feet. It is expected to house multiple tenants when complete. A timeline for construction of the second building was not released.
ANDERSON, S.C. — CM Knight Logistics has acquired the former LaFrance Industries manufacturing facility and rebranded the asset as Anderson Industrial & Logistics Pointe. The 405,000-square-foot building sits on 45 acres in Anderson. Mauldin, S.C-based Mount Vernon Mills, the parent company of LaFrance Industries, sold the property. LaFrance Industries has leased back 120,000 square feet of space, making 288,000 square feet of space available.
MIAMI — NAI Miami has negotiated an 88,011-square-foot industrial lease on behalf of Senator International Freight Forwarding LLC at 10505 N.W. 112th Ave. in Miami. The facility is situated about 20 miles west of downtown Miami. Devin White of CBRE represented the landlord, FS Building 30 LLC, in the lease transaction. Senator International Freight Forwarding specializes in international shipping and logistics with a focus on air and sea freight, as well as on logistics, packaging and customs services.
FORT WORTH, TEXAS — Dallas-based financial intermediary Pioneer Realty Capital LLC has arranged a $7 million loan for the refinancing of an industrial building in Fort Worth occupied by Apex Tires, which also owns the building. Proceeds from the loan were used to finance existing construction debt that had gone into default and to cover costs of relocating. The direct lender was not disclosed.
LAS VEGAS — Brass Cap Cos. is developing Nevada State Industrial Park, located in Southwest Las Vegas near the new Raiders stadium and Las Vegas Strip. Located at the corner of Edmond Street and Russell Road, the three-building industrial park will feature 200,000 square feet of light industrial space. Currently under construction, Nevada State Industrial Park is slated for completion by June. The buildings are available for lease or sale, with Dan Doherty and Paul Sweetland of Colliers International – Las Vegas handling leasing or sale of the project.
DALLAS — ML Realty has acquired two industrial buildings totaling 205,471 square feet at 1144-1188 Quaker St. in Dallas. Situated on a 10-acre site, the two properties offer proximity to Interstate 35 and the Central Business District. Adam Herrin and Stephen Bailey of HFF represented the undisclosed seller in the transaction. Other terms of sale were not released.
FARMERS BRANCH, TEXAS — Lee & Associates has negotiated a 46,104-square-foot industrial lease at 14275 Welch Road in the northern Dallas metro of Farmers Branch. Adam Graham of Lee & Associates represented the tenant, Missouri-based Don Smith & Associates, in the lease negotiations. Barry Stokes of Exeter Property Group represented the landlord, Finlayson Logistic Assets LLC.
BRIDGETON, MO. — US Capital Development has broken ground on an engineering and light manufacturing facility for Leonardo DRS Inc. in Bridgeton. The $32 million build-to-suit project will accommodate the company’s growing land systems line of business. The company is a defense contractor that integrates a wide range of systems for the U.S. Army, Air Force and Marine Corps. This includes a variety of systems in ground vehicles, including recon and surveillance, mission support, vehicle survivability and lethality. Brinkmann Constructors is serving as the general contractor for the 171,500-square-foot facility. Completion is slated for early 2020.
ELK GROVE VILLAGE, ILL. — Cawley Chicago has arranged the sale of a 31,059-square-foot industrial building in Elk Grove Village for an undisclosed price. The property is located at 1001 Fargo Ave. Andrew Maletich of Cawley Chicago represented the buyer. Sam Durkin of JLL represented the seller.
