CENTRALIA, ILL. — Donnewald Distributing has completed the disposition of a warehouse facility in Centralia. Located at 115 Harting Dr., the property offers 37,730 square feet of industrial space. Wire Basket Tray acquired the facility for an undisclosed price. The BARBERMurphy Group brokered the transaction.
FOREST PARK, OHIO — Stan Johnson Co. has completed the sale of an industrial property , which is located at 1700 Carillon Blvd. in Forest Park. The 335,700-square-foot facility is 100 percent occupied by The Hillman Group, a distributor of fasteners, keys, letters, numbers, signs and engravings. New York-based Angelo Gordon & Co. acquired the property, which is situated on 21 acres, for an undisclosed price. Craig Tomlinson of Stan Johnson Co. represented the seller, Cincinnati United Contractors Inc., and the buyer in the transaction.
NORTH ROYALTON, OHIO — A Columbus, Ohio-based independent investor has acquired a 21,514-square-foot warehouse/office facility in North Royalton. Located at 8888 Ridge Road, the property, which houses an AT&T Corporate Training Facility, is approximately 80 percent warehouse space and 20 percent office space. Dan Cooper of The Cooper Commercial Investment Group represented the sellers, a Cleveland-based private entity, in the transaction. Terms of the sale were not disclosed.
CHILLICOTHE, OHIO — The Kitchen Collection, a wholly owned subsidiary of NACCO, has leased a 475,000-square-foot industrial facility situated on 34 acres in Chillicothe. The distribution center features 6- to 8-inch reinforced concert floors, 32-foot ceiling heights, 54-foot by 40-foot steel column spaces, pre-cast concert walls, an ESFR sprinkler system, 11,520 square feet of Class A office space, a cross-dock design with 41 9-foot by 9-foot dock doors with levelers and two 12-foot by 16-foot drive-in doors. Additionally, the facility is served by Norfolk Southern Railroad. Rob Gemerchak of Philadelphia-based Binswanger brokered the transaction, which was valued at $17.5 million.
DEKALB, ILL. — Phillips Edison & Company's Fund IV has acquired Glidden Crossing Shopping Center in DeKalb. Located on Annie Glidden Road, the 99,091-square-foot retail center is anchored by a 58,000-square-foot Schnuck's supermarket. The property also features a 16,800-square-foot Goodwill and 23,000 square feet of retail space with several outparcels. Terms of the deal were not released.
CHICAGO — Locally owned Newcastle Limited has purchased a 14,800-square-foot retail center in the Bucktown retail corridor of Chicago. Located at 2500 W. North Ave., the property sold for $4.65 million. The single-story property is currently 100 percent leased to tenants, including O'Reilly Auto Parts, Charter One Bank, H&R Block, GameStop, Subway and Acceptance Insurance. Additionally, the property offers 30 parking spaces and easy access to public transportation. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer and undisclosed seller in the transaction.
SCHAUMBURG AND LISLE, ILL., AND FARMINGTON HILLS, MICH. — Holliday Fenoglio Fowler (HFF) has secured $69 million in refinancing for a five-building office portfolio totaling 1.08 million square feet in Illinois and Michigan. The properties include the 266,886-square-foot Centennial Center in Schaumburg; the 212,212-square-foot One Century Center in Schaumburg; the 219,718-square-foot Two Century Center in Schaumburg; the 150,036-square-foot Lisle Executive Center in Lisle; and the 236,921-square-foot TRI-ATRIA in Farmington Hills. Michael Kavanau, Tim Joyce and Trent Niederberger of HFF represented the undisclosed borrower in the transaction. The loan was funded by Prime Finance.
WARREN, MICH. — Sterling Heights, Mich.-based Masonic Village LLC has acquired Masonic Arms, a multifamily property located at 31681 – 31745 Hoover Road in Warren. The 34-unit property sold for an undisclosed price. The buyer was able to secure a 70 percent loan-to-value acquisition mortgage with a local Michigan lender. Kevin Dillon and Cary Scott Belovicz of Hendricks & Partners' Michigan office represented the seller, Pound Ridge, N.Y.-based Parkstone Warren, in the transaction.
CHICAGO — 40th Place LLC has acquired a 268,200-square-foot industrial facility in Chicago. The property, which is located on 12.08 acres at 328 W. 40th Place, sold for an undisclosed price. The building is currently leased to a single tenant. Matt Rogatz of Chicago Industrial Real Estate represented the seller, JII Real Estate, in the transaction.
CASCADE TOWNSHIP, MICH. — The Hinman Company has acquired 3040 Charlevoix Drive SE, an office building in Cascade Township, for an undisclosed price. The buyer plans to renovated the two-story, 38,919-square-foot building and modernize the commons areas. Once renovated the building will accommodate any office tenant from 9,000 square feet to the entire building. Terms of the transaction were not released.