BRIDGEPORT, CONN. — Southport, Conn.-based Angel Commercial has negotiated the sale of an industrial building located at 146 Davis Ave. in Bridgeport. Black Rock LLC sold the property to J.E.T. Corp. for $1.2 million. The buyer is a Bridgeport-based manufacturer of non-ferrous sand castings. Situated on 1.7 acres, the property features 17,088 square feet of space. The building was previously occupied by Black Rock Fireproof Column Co. Jon Angel of Angel Commercial facilitated the transaction.
STAMFORD, CONN. — Henkel, with Ware Malcomb as architect, has completed its North American consumer goods headquarters, located at 200 Elm St. in downtown Stamford. The 155,000-square-foot space accommodates 425 employees from Henkel’s Beauty Care and Laundry and Home Care businesses, with room for growth. The three-story facility integrates Henkel’s previous locations into one, with the largest numbers of employees being from the company’s former consumer goods headquarters in Scottsdale, Ariz., and from Wilton, Conn.-based The Sun Products Corp., which Henkel acquired in 2016. The property features research and development space on the first floor and office space on the remaining floors. Founded in 1876, Henkel is a global manufacturer and marketer of brands, including Persil, Purex, all detergents, Snuggle fabric softeners, Dial soaps, Right Guard antiperspirants, Schwarzkopf hair care, and göt2b hair styling projects. Ware Malcomb provided interior architecture and design, lab planning and branding services for the project. Turner Construction served as general contractor, and CBRE provided brokerage and project management services.
KANSAS CITY, KAN. — Phillips Development and Realty (PDR) has acquired a 1.5-acre land parcel on Southwest Boulevard in Kansas City. The firm plans to build a 100,000-square-foot, 710-unit self-storage facility on the site. Construction of the Class A development is slated to begin during the third quarter of 2018 and be completed in the third quarter of 2019. Kansas City presents opportunities for development as the population continues to grow and employers expand, according to Donald Phillips, managing director of Tampa, Fla.-based PDR. Kansas City’s metro area population ranks 30th on a list of the 382 metropolitan statistical areas within the United States.
GLENVIEW, ILL. — The Missner Group has acquired a 45,000-square-foot flex industrial building in Glenview, about 20 miles northwest of Chicago. The purchase price was not disclosed. The single-story building, constructed in 1999, is located at 2323 Ravine Way in North Shore Corporate Park. The purchase is part of a sale-leaseback with the current owner, printing company DreamWorks Graphic Communications. DreamWorks acquired the building in 2014 and hired The Missner Group to complete building renovations at the time. The property features a clear height of 26 feet, four exterior truck docks, one drive-in door and 13,000 square feet of office space. Ed Adler of The Missner Group led the acquisition for the firm. Larry Much of NAI Hiffman represented both the buyer and the seller in the transaction.
MENOMONEE FALLS, WIS. — Connected Technology Solutions Inc. has signed a 42,590-square-foot industrial lease in Menomonee Falls, about 20 miles northwest of Milwaukee. The kiosk hardware and software solutions provider will occupy the entire building located on Garwin Mace Drive. TJ Huenerbein, Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. Inc./CORFAC International represented the landlord, AJR Properties South LLC, in the lease transaction. Brett Garceau of NAI/MLG Commercial represented the tenant.
BIRMINGHAM, ALA. — Birmingham-based GCP has secured a $60 million loan from MetLife for the refinancing of a seven-property industrial portfolio located throughout Atlanta, Charlotte, Alabama and Florida. Speake Financial advised GCP on the 10-year, fixed-rate loan. The properties comprise nearly 1.8 million square feet of GCP’s 7.2 million square foot inventory across the Southeast. The refinanced portfolio includes Progress Center and Troon Circle in Atlanta, which total 611,200 square feet; the 465,0000-square-foot Twin Lakes in Charlotte; and four properties across Alabama and Florida totaling 707,834 square feet.
CHARLOTTE, N.C. — CBRE Capital Markets has arranged the sale of a 491,025-square-foot distribution center located at 10701 Nations Ford Road in Charlotte. The building is situated at the intersection of Interstates 77 and 485, roughly 13 miles south of Charlotte Douglas International Airport. Patrick Gildea, Anne Johnson, Bryan Crutcher and Matt Smith of CBRE arranged the transaction on behalf of the seller, an affiliate of Boston-based STAG Industrial Inc. Other terms of the deal and the buyer were not disclosed. Constructed in 1975 and renovated in 1999, the facility features 20- and 30-foot clear heights, 74 dock-high doors, three drive-in doors, trailer parking, office space and an ESFR sprinkler system.
PEABODY, MASS. — JLL has brokered the sale of a distribution center located at 1 Technology Drive in Peabody. Normandy Real Estate Partners sold the property to a partnership between AEW and Griffith Properties for $21.7 million. With access to Route 128 and Route 1, the property features 186,591 square feet of distribution and freezer space. Frank Pets and George Gregory of JLL represented the seller in the transaction.
SADDLE BROOK, N.J. — NAI James E. Hanson has brokered the sale of two industrial/flex buildings located in Saddle Brook in a 1031 exchange. The properties are a 10,200-square-foot building at 431 N. Midland Ave., which features 3,300 square feet of office space, 4,700 square feet of high-tech space and 2,200 square feet of warehouse space; and a 24,000-square-foot building at 435 N. Midland Ave., which features 4,000 square feet of office space, two tailgate loading docks and 14-foot ceilings. Anthony Cassano of NAI Hanson represented the undisclosed seller, while Kenneth Lundberg and Patrick Lennon, also of NAI Hanson, represented the undisclosed buyer in the transaction.
GREENVILLE, S.C. — SunCap Property Group has acquired Forrester Park, a three-building, 236,800-square-foot distribution and light-manufacturing center located at 201 Forrester Drive in Greenville. Other terms of the deal were not disclosed. The building is located one mile from Interstate 85 and adjacent to Millennium Park and the Clemson University International Center for Automotive Research (ICAR). At the time of sale, Forrester Park was fully leased to tenants including Gexpro Services, Safelite Auto Glass, Woodward, Trust Technologies and Aerodyne Alloys. Colliers International’s Greenville office will handle the property’s leasing assignment on behalf of SunCap.
