MAUMEE, OHIO — Reichle | Klein Group has brokered the sale of a 30,000-square-foot industrial building in Maumee, a suburb of Toledo, for $2 million. The former Champion Windows building is located at 6214 Monclova Road. Mike Poulos of Reichle Klein represented the buyer, Therma-Tru Corp. Toledo-based Champion Realty LLC was the seller.
CUDAHY, WIS. — US Pack Logistics LLC has signed a 13,971-square-foot industrial lease in Cudahy, approximately seven miles south of Milwaukee. The building is located at 200 E. College Ave. Pat Hake, Bill Langhoff and Steve Sewart of Colliers International brokered the lease transaction.
LOS ANGELES — Harrison Street Real Estate Capital has purchased a 15-property self-storage portfolio for an undisclosed sum. The facilities are situated throughout California, Arizona, Colorado and Minnesota. The Trojan Self Storage Portfolio contains a total of 1.4 million square feet and 19,000 units. CBRE’s Nicholas Walker and his team represented both the buyer and seller, Trojan Storage, in this transaction.
HOUSTON — Lee & Associates has negotiated a 6,000-square-foot industrial lease at 475 W. 38th St. in Houston on behalf of L&M Installation Solutions, a provider of office furniture and moving services. Preston Yaggi of Lee & Associates represented the tenant in the transaction. Beau Kaleel of Cushman & Wakefield represented the landlord, Prologis Inc.
SCHAUMBURG, ILL. — First Western Properties Inc. has arranged the sale of a 15,000-square-foot industrial building in Schaumburg. The sales price was not disclosed. The property is located at 631-653 Morse Ave. The multi-tenant building was 92 percent leased at the time of sale. Bradford Dessy of First Western represented the out-of-state buyer in the transaction. Jeff Schultz of Kinzie Brokerage represented the undisclosed seller.
NEWNAN, GA. — Variety Wholesalers has signed a 20-year, 1.4 million-square-foot lease for its new distribution center at 60 Herring Road in Newnan. LRC Properties owns and manages the property, which is a former Kmart distribution center. LRC purchased the building last August and made improvements to the facility’s roof and parking lots, as well as refit the building to accommodate multiple tenants. Variety Wholesalers, which is the first tenant to move into the space, operates nearly 400 stores in 17 different states, primarily under the brand names of Roses Discount Store and Roses Express. The company will employ more than 300 full-time employees at the facility and process more than 100 million units of product annually.
NORTH BERGEN, N.J. — Terreno Realty Corp. has acquired an industrial property located at 7777 West Side Ave. in North Bergen for $14 million. The building spans 126,000 square feet on 4.4 acres adjacent to Exit 16E of the New Jersey Turnpike. Amenities at the 100 percent leased property include eight dock-high and two grade-level loading positions, plus parking for 70 cars.
CARLSBAD, CALIF. — A high-net-worth 1031 exchange buyer has purchased a 64,165-square-foot creative office and industrial property in Carlsbad. The asset is located at 5858 Dryden Place. The space was 98 percent leased to 44 tenants. It includes a high-end creative office portion that serves as executive suites and a warehouse space currently occupied by the International Floral Trade Center. CBRE’s Matt Pourcho, Gary Stache and Anthony DeLorenzo represented the seller, Sunroad Enterprises, in this transaction.
AGAWAM, MASS. — Colliers International has negotiated the $6.4 million sale of an industrial property in Agawam. MAG Acquisition Corp. has purchased 101 HP Almgren Dr., a 186,000-square-foot property that is 100 percent leased. Nicholas Morizio and Ian Hunt of Colliers’ Hartford, Conn., office represented the buyer in the transaction.
HIALEAH GARDENS, FLA. — Bridge Development Partners has sold two Class A industrial assets spanning 676,835 square feet within three buildings in Hialeah Gardens, a suburb of Miami. According to public records, Duke Realty purchased the properties, named Bridge Point Crossroads East and Bridge Point Crossroads South, for $80 million. Located at 15002 and 14802 N.W. 146th St., Crossroads East consists of two buildings totaling 420,989 square feet. Recently completed in the first quarter of 2017, the buildings feature a 180-foot shared truck court, 32-foot clear heights, 54-foot column spacing, build-to-suit offices, T5 energy-efficient lighting and an ESFR fire sprinkler system. Located at 10701 N.W. 140th St., Bridge Point Crossroads South is a 255,846-square-foot building with the same features as Bridge Point Crossroads East except with a 120-foot non-shared, fenced truck court. The properties have immediate access to U.S. 27, Florida’s Turnpike, state Route 826 and Interstate 75. Chris Riley, Christian Lee and Jose Lobon of CBRE represented Miami-based Bridge Development in the transaction.