CARMEL, N.Y. — Alexandrion Group has acquired a 12-acre development site in Carmel. Located at 39 Seminary Hill Road, the property includes an existing 136,000-square-foot industrial facility. The Romanian spirits producer plans to build a distillery on the site. Arthur Mirante, Martin Cottingham and Matt Pynn of Avison Young represented Alexandrion Group in the transaction. The seller was Hinckley Holdings LLC and Covington Development LLC. Founded in 1994, Alexandrion Group produces Saber Elyzia liqueurs, Brâncoveanu brandy, Alexander Vodka and Gin, Kreskova vodka and Zolmyr liqueurs.
HOUSTON — FMC Technologies Inc., which produces equipment for energy exploration, has sold its 108,750-square-foot facility located at 11220 T.C. Jester Blvd. in Houston. Graham Horton and Glynn Mireles of CBRE represented FMC Technologies in the sale. Andy Spence of Cushman & Wakefield represented the buyer, Centerpoint Energy Houston Electric LLC.
SACRAMENTO, CALIF., AND SALT LAKE CITY — Nearon has added 730,000 square feet of industrial space to its portfolio of industrial properties through two separate transactions. In the first deal, Nearon acquired three buildings, totaling 521,000 square feet, in Sacramento, for an undisclosed price. American Building Supply, a subsidiary of Jeld-Wen Holding, occupies and utilizes the properties for manufacturing, distribution and headquarters functions. The portfolio includes a 196,267-square-foot asset at 8360 Elder Creek Road, a 217,500-square-foot building at 6300 S. Watt Ave. and a 108,000-square-foot property at 8920 43rd Ave. Nick Rini of Nearon directed the Sacramento portfolio acquisition, while Kevin Partington and Matt Cologna of Cushman & Wakefield represented the undisclosed seller. In the second transaction, the company completed a sale-leaseback with Regis Corp. for an 210,000-square-doot distribution center located at 5300 W. Harold Gatty Drive within Salt Lake International Center in Salt Lake City. Upon close of escrow, Regis leased the property, which was developed as a build-to-suit for the tenant in 2001, for 15 years. Chang Soo Lee of Nearon orchestrated the off-market acquisition and sale-leaseback, while Wick Udy and Andrea Robb of JLL sourced the transaction on behalf of Nearon. With these acquisitions, Nearon’s industrial portfolio …
MILWAUKEE — The Dickman Co. Inc./CORFAC International has negotiated the sale of a 23,100-square-foot industrial building in Milwaukee for an undisclosed price. The property is located at 5800 W. Douglas Ave. Overseas Hardwood Co. Inc. purchased the building from Jonco Properties. Samuel Dickman Jr. and Zach Hansen of Dickman brokered the transaction.
GOODYEAR, ARIZ. — Vantage Data Centers has unveiled plans to develop a data center campus, located at the southeast corner of Van Buren Street and Bullard Avenue in Goodyear. Spanning 50 acres, the center will feature three data center buildings and office space totaling more than 1 million square feet of space. Additionally, the campus will offer a total of 160-megawatts of critical load. Design, site plan approval and permitting are underway with construction expected to begin in early 2019. The first 32-megawatt data center is anticipated to be online in early 2020.
ST. LOUIS — One Liberty Properties Inc. (NYSE: OLP) has purchased an Ashley Furniture distribution center in St. Louis from an affiliate of Mohegan Capital for $10 million. The 119,680-square-foot, single-tenant property is located at 9791 Green Park Industrial Drive and features a clear height of 38 feet. Jason Powell and Colin Couch of Stan Johnson Co. represented the seller. The transaction represents a cap rate of 7.2 percent. The buyer also owns the tenant’s headquarters in Memphis, Tenn.
PEORIA, ILL. AND JEFFERSON CITY, MO. — Affiliates of Phoenix Investors have purchased two industrial properties in Peoria and Jefferson City. The Peoria property consists of four industrial buildings totaling approximately 478,400 square feet. Constructed between 1977 and 2003, the buildings are situated on nearly 40 acres. At the close of the sale, Superior Consolidated Industries entered into a sale-leaseback agreement for the entire property. Headquartered in Peoria, the company provides third-party logistics support to U.S.-based manufacturers. The Jefferson City property is a 276,180-square-foot industrial building situated on 59.4 acres. Automotive seat manufacturer Adient US LLC primarily occupies the facility, which was built in 1974 and underwent expansions in 1978 and 1992. The sellers were not disclosed.
RICHMOND, CALIF. — Denver-based Black Creek Group has acquired an approximately 30-acre land site, located at 500 Pittsburg Ave. in Richmond, for an undisclosed price. Commonly referred to as Parkway Logistics Center, the developable land offers access to Interstates 580 and 80 and the San Rafael-Richmond Bridge, and has close proximity to the Port of Oakland and San Francisco Bay Area. Black Creek Group has received approval for the construction of a 482,000-square-foot, Class A distribution facility, divisible up to four tenants, for the site. The cross-docked warehouse will feature 36-foot minimum clear heights, 75 dock-high doors, 12 grade-level doors, an ESFR sprinkler system, trailer parking and 534 parking spaces. Construction is slated to begin the second half of 2019. Todd Severson and Bruce Bauer of Colliers International represented the buyer and undisclosed seller in the deal.
CITY OF INDUSTRY, CALIF. — TheoPacific has sold an industrial facility, located at 14421-14441 Bonelli St. in City of Industry. Rexford Industrial Realty acquired the property for $19.5 million. Rustin Mork and Danny Reaume of Realty Advisory Group represented the buyer and seller in the transaction. At the time of sale, the 148,740-square-foot property was fully leased.
ROBBINSVILLE, N.J. — LBA Logistics has acquired a single-tenant warehouse and manufacturing facility in Robbinsville for $13.5 million. Located at 8 Applegate Drive, the 30-acre property was built in 2001 and includes six loading docks and a drive-in door. The facility is currently fully occupied by adhesive manufacturing company Nordson. John Plower of JLL Capital Markets represented the seller, HB4 LLC, in the transaction.