BRADLEY, ILL. — McColly Bennett Commercial has brokered the sale of the 74-acre former Bunge plant in Bradley, about 50 miles south of Chicago. The sales price was not disclosed. International pharmaceutical company CSL Behring acquired the property to accommodate future anticipated growth. The property, adjacent to CSL Behring’s current facility, includes office buildings, warehouse and cold storage space as well as 50 additional acres. The acquisition is taking place in two phases. CSL Behring already has closed on the acquisition of the vacant land parcels. Upon the demolition of the former manufacturing plant, CSL Behring will acquire the remainder of the property. No timeframe has been established for when any new development will take place on the site. Jeff Bennett of McColly Bennett Commercial represented the seller, a private investment and development firm. Buck Tamblyn of McColly Bennett Commercial represented CSL Behring.
CITY OF INDUSTRY, CALIF. — Dedeaux Properties has broken ground on Echelon Business Park, a 246,543-square-foot warehouse facility in the City of Industry. The $38 million development will be located at 821 Echelon Court. Echelon Business Park’s seven free-standing buildings range between 27,438 square feet and 43,166 square feet. They include two-story office space, ample dock-height loading and configurations for loading shipping containers, all inside a modern, secured campus. Construction is scheduled for completion in the first quarter of 2018.
HOUSTON — Hartman Income REIT, a Texas-based management firm, has negotiated a 33,803-square-foot industrial lease at 2300 Quitman St. in Houston. Hartman, which owns the property, was represented internally. The representative of the tenant, Roy USA Inc., a California-based importer, was not disclosed.
CHERRY HILL, N.J. — GJT REIT has acquired a 109,700-square-foot industrial building located in Cherry Hill for an undisclosed price. The facility is currently leased and occupied by Avalon Flooring for a 15-year term. The building houses installation training and distribution services for Avalon’s 14 retail stores throughout New Jersey, Pennsylvania and Delaware. Avalon has invested in various improvements to the building including LED lighting, new racking, a new HVAC system, an upgraded façade and a new office build-out. The building is located with Cherry Hill Business Park, which consists of 31 buildings totaling 1.9 million square feet. The name of the seller was not released. GTJ REIT now owns 48 properties totaling more than 5.6 million square feet.
ORANGE, MASS. — Jash USA has purchased a heavy manufacturing facility located at 46 Mill St. in Orange from VAG USA for $1.6 million. Situated on 37.7 acres, the facility features 234,000 square feet of industrial space. Sentry Commercial and Newmark Knight Frank were the sole brokers in the transaction.
TUCKER, GA. — German-based energy solutions and equipment provider sonnen will expand its U.S. presence with the opening of its InnovationHub in Tucker, roughly 20 miles northeast of Atlanta, on Thursday. The 26,000-square-foot facility will combine U.S. manufacturing operations and product research and development for sonnen, and will be used to produce sonnenBatterie products. The energy-management solutions provide information on energy-usage and consumption for residential customers. The new facility will bring manufacturing, electrical and mechanical engineering jobs to the Atlanta area, and establish a presence on the East Coast. The company’s other U.S. location is in Los Angeles.
AUBURN HILLS, MICH. — Bernard Financial Group has arranged a $7.2 million refinancing for a 144,400-square-foot industrial facility in Auburn Hills, located about 30 miles northwest of Detroit. The building serves as a newly expanded industrial manufacturing facility for Dana Corp. David Dismondy originated the loan for the borrower, Brown Eight LLC. Protective Life Insurance Co. provided the capital. Bernard Financial will service the loan.
BILLERICA, MASS. — Calare Properties has completed the sale of a laboratory space located at 749 Middlesex Road in Billerica. An undisclosed buyer purchased the property for $6.2 million. Calare Properties originally acquired the vacant 40,000-square-foot lab facility in 2013 for $3.3 million while concurrently leasing the entire property to RainDance Technologies, a biotechnology company.
CLIFTON, N.J. — Brooklyn-based Damascus Bakery has signed a 15-year lease for an industrial and warehouse facility located at 65 Industrial Street South in Clifton. Tulfra Real Estate and The Hampshire Cos. own the 204,000-square-foot building, which was formerly occupied by GlaxoSmithKline. The property recently underwent a $10 million upgrade and renovation after it was acquired by Tulfra and The Hampshire Cos. in 2015. A family-owned and operated bakery since 1930, Damascus Bakery is a large-scale baker of paninis, pitas, roll-ups and wraps. The bakery currently has operation facilities in Brooklyn, New York, and Newark, New Jersey. Mark Tannen of United Realty and Steven Fleissig of Greenberg Traurig LLP represented the tenant, while Chris Hile, Jenna Imperatore and Harold Imperatore of JLL, along with Mitchell Berkery of CSG Law, represented the landlord in the deal.
ORLANDO, FLA. — Duke Realty has unveiled plans to develop a 170,428-square-foot, build-to-suit warehouse for PODS Enterprises LLC at 7133 Municipal Drive in Orlando. PODS, a residential and commercial mover and portable storage container provider, will consolidate its operations from two other Orlando-area warehouses and expand by approximately 72,000 square feet. Alex Beacham of Cushman & Wakefield represented PODS in the transaction, and Tim Perry of Duke Realty represented the company internally. The new warehouse will be situated on a 12.5-acre site, roughly one mile from Interstate 4.