PISCATAWAY, N.J. — Lee & Associates has brokered the $19.4 million sale of two industrial buildings totaling 101,454 square feet in the Northern New Jersey community of Piscataway. The buildings at 121 and 131 Ethel Road W. were fully leased at the time of sale to tenants in the distribution, food production and research-and-development sectors. Drew Maffey and Joseph Komitor represented the buyer, national investment firm Longpoint, in the transaction. The seller was not disclosed.
BELVIDERE, ILL. — Jensen-Souders and Associates, a provider of warehousing services for chemicals, rubber products and other miscellaneous products, has signed a 105,000-square-foot industrial lease expansion at 3905-3925 Morreim Drive in the Chicago suburb of Belvidere. Jeff Janda and Jeff Galante of Lee & Associates of Illinois represented the tenant, which renewed and extended its current lease of 60,000 square feet while taking an additional 45,000 square feet to occupy the entire building. Shane Van Sickle of LandMark Real Estate Group represented the landlord, STAG Industrial. Jensen-Souders’ headquarters remains in Itasca.
ROCKWALL, TEXAS — Lee & Associates has negotiated a 102,000-square-foot industrial lease in Rockwall, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1605 Research Circle features 28-foot clear heights, 10 dock-high loading doors and an ESFR sprinkler system. Stephen Williamson of Lee & Associates represented the landlord, Lahlouh Family LP, in the lease negotiations. Stan Britton of Regal Realtors represented the tenant, Warehouse-Pro Fulfillment 3PL.
CARROLLTON, TEXAS — Lee & Associates has negotiated a 10,318-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 3227 Commander Drive was built in 1984 and totals 33,750 square feet. Stephen Williamson and Corbin Blount of Lee & Associates represented the tenant, IT services provider RLS Interests, in the lease negotiations. Michael Haggar of JLL represented the landlord.
ADDISON, TEXAS — Lee & Associates has negotiated a 77,500-square-foot industrial lease in the northern Dallas metro of Addison. According to LoopNet Inc., the building at 4204 Lindbergh Drive was constructed in 1974. John Anderson of Lee & Associates represented the tenant, Charter Furniture, in the lease negotiations. The name and representative of the landlord were not disclosed.
RICHARDSON, TEXAS — Lee & Associates has negotiated a 16,875-square-foot industrial lease in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 301-323 Hilltop Ave. was constructed in 1965. Brett Lewis and George Tanghongs of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. Trevor Atkins of CBRE represented the tenant, Starwood Distributors.
ELMHURST, ILL. — Related Products, a packaging company, has signed a 4,800-square-foot industrial lease at 736-778 Industrial Drive in the Chicago suburb of Elmhurst. Dustin Albers of Lee & Associates represented the tenant. The property owner, Value Industrial Partners LLC, was self-represented.
DENTON, TEXAS — Lee & Associates has brokered the sale of a 33,758-square-foot industrial building in the North Texas city of Denton. According to LoopNet Inc., the building at 1506 I-35W was constructed in 1979. John Anderson of Lee & Associates represented the buyer, local investment firm CanTex Capital, in the transaction. The name and representative of the seller were not disclosed.
ADDISON, ILL. — Lee & Associates of Illinois has negotiated the $1.9 million sale of a 15,524-square-foot warehouse and distribution building in Addison. Jay Farnam and Peter Spear of Lee & Associates represented the buyer, Wahid Properties LLC, which will occupy the facility. Transwestern Real Estate Services represented the seller, Liberty Partners.
CHICAGO — Lee & Associates of Illinois has negotiated a 4,500-square-foot restaurant lease at 2535 N. Milwaukee Ave. in Chicago’s Logan Square neighborhood. The tenant, ManSun, is an authentic Korean restaurant. This will be the proprietor’s second restaurant, following New Village Gastro Pub in Northbrook. Rick Scardino and Michael Petrik of Lee & Associates represented the tenant in the lease. Amanda Shafer of Emerging Concepts represented the landlord, an entity doing business as 2M Square FB LLC.
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