NEW YORK CITY — Lee & Associates has brokered the $6.8 million sale of a 37-unit apartment building in the Brooklyn Heights neighborhood. The six-story, rent-stabilized building at 75 Pierrepont St. consists of 25 one-bedroom apartments and 12 studios that were fully occupied at the time of sale. Thomas Gammino and Patrick Donahue of Lee & Associates represented the buyer and seller, both of which requested anonymity, in the transaction. The deal traded at a cap rate of 6.2 percent. The deal traded at a cap rate of 6.2 percent.
ALSIP, ILL. — Bossard, a fastener distributor, has renewed its 68,310-square-foot industrial lease at 11800 S. Austin Ave. in Alsip. The 162,000-square-foot warehouse was constructed in 2005. Brian Vanosky, Michael O’Leary and Dylan Maher of Lee & Associates represented the owner, Cabot Properties. Ken Franzese, John Cassidy and Jim Martin of Lee & Associates represented the tenant.
JOLIET, ILL. — RJW Logistics Group has signed a 639,917-square-foot, full-building industrial lease at 275 W. Laraway Road in Joliet. Jeffrey Galante and Jeffrey Janda of Lee & Associates represented the owner, Pritzker Realty Group. Dominic Carbonari of JLL represented the tenant. PRG recently completed the property.
ITASCA, ILL. — Lee & Associates of Illinois has arranged the sale of a 101,577-square-foot industrial building located at 701 Rohlwing Road in Itasca. The sales price was undisclosed, but the transaction marks the largest user sale in the O’Hare submarket this year by both sales price and square feet, according to Lee & Associates. Jeffrey Janda and Jeff Galante of Lee & Associates represented the seller, a private owner. Chris Nelson and Calvin Gunn of Lee & Associates represented the buyer, TR Property Management.
IRVING, TEXAS — Lee & Associates has arranged a 64,134-square-foot industrial lease expansion in Irving. According to LoopNet Inc., the building at 3250 Story Road W was originally built in 1997 and totals 96,200 square feet. Nathan Denton of Lee & Associates represented the tenant, Reliant Air Conditioning, in the lease negotiations. Steve Trese and Wilson Brown of CBRE represented the Landlord, Prologis.
DALLAS — Lee & Associates has negotiated a 40,081-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the building at 1314 Viceroy Drive, which was built in 1969 and renovated in 2023, features 17-foot clear heights and four dock-high doors. Stephen Williamson of Lee & Associates represented the landlord, Stonelake Capital Partners, in the lease negotiations. Tod Zhang of Mohr Partners represented the tenant, Yamato Transport USA.
HUTCHINS, TEXAS — Lee & Associates has brokered the sale of a 52-acre industrial outdoor storage facility in Hutchins, a southern suburb of Dallas. According to LoopNet Inc., the property at 1700 Dowdy Ferry Road houses a 12,000-square-foot building, five drive-in bays and about 175 truck parking stalls that are leased on a month-to-month basis. Jarrett Huge and Alex Wilson of Lee & Associates represented the seller, Tribeca Truck Repair & Parking LLC, in the transaction. Jake Griffin and Mark Becker of Cushman & Wakefield represented the buyer, All State Truck & Trailer Repair.
ARLINGTON, TEXAS — Lee & Associates has negotiated a 40,018-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 4100 New York Ave. was built in 2018 and totals 110,468 square feet. Mark Graybill and Reed Parker of Lee & Associates represented the landlord, New York City-based Link Logistics Real Estate, in the lease negotiations. Brian Gilchrist of CBRE represented the tenant, Lapgear, which provides surfaces for office and lifestyle activity usage.
BENSENVILLE, ILL. — American Bear Logistics Corp. has signed a 56,264-square-foot industrial lease at 1065 Thorndale Ave. in the Chicago suburb of Bensenville. Chris Nelson and Calvin Gunn of Lee & Associates represented the landlord, Prologis. Nick Krejci of CORE Industrial Realty represented the tenant, which is a logistics company that focuses on integrating international freight forwarding, warehouse management, U.S. inland road transportation and import/export customs declaration services.
ALLEN, TEXAS — Amphenol Fiber Systems International (AFSI) has preleased a 94,413-square-foot industrial building in Allen, a northeastern suburb of Dallas. The manufacturer of harsh-environment fiber optic cables is taking space at 121 Technology Park, a development by Stillwater Capital, that will serve as its new headquarters. Mike Kay of Colliers represented the tenant in the lease negotiations. Ken Wesson of Lee & Associates represented the landlord. Occupancy is slated for October.