PLEASANT PRAIRIE, WIS. — Rust-Oleum has leased 102,000 square feet of industrial space at 10100 Jelly Belly Lane in Pleasant Prairie. The owner, Jelly Belly Candy Co., will continue to occupy the remaining 132,000 square feet within the building. Kevin Barry and David Buckley of The Barry Co. brokered the lease transaction. Rust-Oleum, a manufacturer of protective paints and coatings, will use the space for its warehouse and distribution operations.
ENGLEWOOD, COLO. — A joint venture between CWCapital and Kenai Capital Advisors has acquired a three-building industrial portfolio in the Compark Business Park in Englewood. Hendricks Commercial Properties sold the portfolio for $41 million. The 263,734-square-foot portfolio includes 8560 Upland Drive, 8490 Upland Drive and 14800 Grasslands Drive. While the portfolio was fully occupied at the time of closing, the building at 14800 Grasslands Drive is now available for immediate lease or sale. The 50,488-square-foot Class A industrial manufacturing building features heavy power, large drive-in doors, dock loading, 24-foot ceiling clearance, ESFR fire sprinklers, available outdoor yard space and the ability to add additional loading. The two buildings on Upland Drive are fully occupied by a variety of tenants, including Charter Communications, Quantum Corp. and LabCorp. The facilities each feature 24-foot ceiling heights, ESFR fire sprinklers, heavy power and customization for each tenant’s specifications. Jeremy Ballenger of CBRE represented the seller, while Tyler Reed, Peter Beugg and Dominic DiOrio of Stream Realty represented the buyer in the transaction.
REDMOND, WASH. — Los Angeles-based Continental Partners has arranged $18.7 million in financing for the acquisition of Redmond Heights Center, an industrial/office flex property in Redmond, a suburb of Seattle. The borrower, ALCO Investment Co., acquired the 126,545-square-foot asset from Wakefield Redmond Heights. At the time of sale, the property was fully leased to 13 tenants. The 10-year, non-recourse loan has a fixed rate of 3.25 percent with a 30-year amortization schedule and step-down prepayment option. Carl Riggins of Continental Partners secured the permanent financing for the borrower.
FINDLAY, OHIO — Stan Johnson Co. has negotiated the sale of a single-tenant, 402,604-square-foot distribution facility in Findlay for $16.8 million. The warehouse is fully leased to American Plastics, a designer, manufacturer and distributor of plastic-injection molded products. It is located at 14801 County Road 212. Originally built in 1998, the property sits on 24 acres and features a clear height of 28 feet, 44 dock doors and a fenced truck court. Rob Gemerchak and Jeff Hughes of Stan Johnson represented the seller, local developer Nickolas LLC. Plymouth Industrial REIT Inc. purchased the asset.
PIONEER, OHIO — Reichle Klein Group has brokered the $4.6 million sale of a 157,550-square-foot industrial building in Pioneer in northwest Ohio. The property is located at 2 Kexon Drive. Ron Jurgenson of Reichle Klein and Tim Echemann of Industrial Property Brokers represented the seller, Pioneer’s Kidston Family Cos. Ltd. Jurgenson represented the buyer, ATD Properties LLC.
NAPERVILLE, ILL. — Cawley Chicago has arranged the sale of a 34,984-square-foot warehouse in Naperville that formerly housed Naperville Gymnastics. The sales price was undisclosed. Located at 800 Enterprise Court, the property sits on 7.5 acres and features a clear height of 18 feet, two interior docks and 12,500 square feet of office space. Jack Brennan and Daniel Cawley of Cawley represented the private seller. Jeff Provenza of Darwin Realty represented the buyer, which plans to renovate the facility and improve the land to use for its construction equipment rental business.
HOUSTON — Nuveen Real Estate has sold Beltway North Commerce Center, a 352,680-square-foot industrial facility in Houston. Built on 23.4 acres in 2015, the property is fully leased to cargo handling firm Air General and logistics firm DB Schenker and offers convenient access to Hardy Toll Road and Beltway 8. Building features include 32-foot clear heights, 110 dock-high doors and 68 trailer parking spaces. Trent Agnew, Rusty Tamlyn, Charlie Strauss and Katherine Miller of JLL represented Nuveen in the transaction. High Street Logistics Properties purchased the asset for an undisclosed price.
HOUSTON — Newmark Knight Frank (NKF) has negotiated a 64,000-square-foot industrial lease at 10515 Okanella St. in Houston. Reid Halverson, Fred Puskarich, Louis Pascuzzi and David Creiner of NKF represented the tenant, Morsco Supply LLC, a distributor of commercial and residential plumbing products, in the lease negotiations. Transwestern represented the landlord, San Francisco-based Prologis.
SCHERTZ, TEXAS — NAI Partners has arranged the sale of a 409,685-square-foot distribution center located at 1150 Schwab Road along the Interstate 35 corridor in the Central Texas city of Schertz. According to LoopNet Inc., the site was developed in 2008, includes 78,500 square feet of office space and houses additional land for future expansion. Carlos Marquez of NAI Partners represented the undisclosed seller in the transaction. The buyer was HPI Real Estate Services & Investments, which acquired the property vacant.
BATAVIA, ILL. — Winslyn Industries has signed a 50,651-square-foot industrial lease at 1850 Fabyan Parkway in Batavia, a western suburb of Chicago. The wholesaler of kitchen and bathroom products is expanding from a 32,000-square-foot facility in Bartlett. Winslyn’s new space is part of a 150,838-square-foot distribution center newly developed by Cratos Industrial Properties. Winslyn is scheduled to take occupancy this quarter. Jim Pietrarosso of Brown Commercial Group represented the tenant in the lease transaction. Kate Coxworth of Morken & Associates represented the developer.