EAST HARTFORD, CONN. — Sentry Commercial has arranged the sale of an industrial facility located on four acres at 225 Prospect St. in East Hartford. Teds Fourth LLC acquired the 155,890-square-foot facility from The Mooney Family LLC for $1.2 million. Sentry Commercial was the sole broker in the transaction.
INDIANAPOLIS — Colliers International has arranged the sale of the 700,981-square-foot Crosslake Industrial Portfolio in Indianapolis. Partially developed by Duke Realty, the portfolio includes 14 light industrial/flex assets in the Park 100 area. Colliers marketed the property on behalf of Crosslake Partners, a Chicago-based real estate investment group. Nevada-based Shear Property Group purchased the portfolio. Alex Cantu and Jason Speckman of Colliers Indianapolis led the transaction along with Steven Disse and Jeff Devine of the Colliers Chicago office.
ELK GROVE VILLAGE, ILL. — Brown Commercial Group has brokered the sale of a 61,515-square-foot industrial building in Elk Grove Village adjacent to O’Hare International Airport. The sales price was not disclosed. The building is located at 1340-1400 Higgins Road. Northern Glass Inc., a general contractor that specializes in curtain wall, storefront and interior glazing, purchased the property and will occupy nearly 40,000 square feet of the 61,515-square-foot building at 1400 Higgins Road. Northern Glass will be moving from a 9,075-square-foot space at 800 Lee St. in Elk Grove Village. Northern Glass will lease the remaining space at 1340 and 1370 Higgins Road to Protopak Engineering Corp. and Impact Printing and Lithographers, respectively. Dan Brown of Brown Commercial represented Northern Glass, while Mason Hezner of Brown Commercial represented the seller, SLP Realty LLC.
WILMETTE, ILL. — American Street Capital (ASC) has arranged a $6 million loan for the refinancing of the Chicago Northside Storage property in Wilmette, 14 miles north of Chicago. The property includes over 52,800 square feet and 500 units. The 10-year loan provided by CMBS features a 30-year amortization schedule. Han Capital was the borrower. Igor Zhizhin of ASC originated the loan.
FARMERS BRANCH, TEXAS — Stream Realty Partners has brokered the lease of industrial space located at Mercer Business Park – Building 4 in Farmers Branch. Moore Supply Co., a distributor of plumbing products, has leased 105,800 square feet of space from Billingsley Development Corp. Eric Crutchfield and Ryan Boozer of Stream Realty Capital represented the tenant in the transaction.
DEL VALLE, TEXAS — Equitable Commercial Realty (ECR) has facilitated the sale of an industrial property located at 3039 E. Highway 71 in Del Valle, a suburb of Austin. The 28,840-square-foot property sold for an undisclosed price. Ryan Wilson of ECR represented the undisclosed buyer, while Clinton Sayers of Sayers Real Estate Advisors represented the undisclosed seller in the deal.
OKLAHOMA CITY — CBRE has arranged the lease of industrial space located at 11301 Partnership Drive in Oklahoma City. Omni Packaging Group, a distributor of shipping and packaging materials, is leasing 37,620 square feet of space from TOKC Northgate LLC. Jamie Hill, Barbara Mefford, John Lenochan, Jason Hammock and Caitlin Mazaheri of CBRE represented the tenant in the transaction.
YORBA LINDA, CALIF. — Berkeley Partners has purchased Yorba Linda Business Park, a 117,760-square-foot industrial facility, for $17 million. The four-building property is located at 22343, 22345, 22347 and 22349 La Palma Ave. Notable tenants at the park include the Well, Canyon Crossfit, Global Powersport Resource, CaliRovers LLC and Central Enterprises. Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez and Nico Napolitano of Cushman & Wakefield’s National Industrial Advisory Group represented both the buyer and seller in this transaction, with Rick Ellison providing local market advisory.
HOUSTON — NAI Partners has brokered the lease of a 28,800-square-foot industrial manufacturing facility located at 6614 Dixie Drive in Houston. Diverse Metal Products LLC leased the facility from 6614 Dixie Properties LLC. Chris Caudill and Jake Wilkinson of NAI Partners represented the landlord in the deal.
AURORA, ILL. — Amazon has unveiled plans to open two new fulfillment centers in Aurora, about 45 miles west of Chicago. The facilities will add more than 1,000 jobs. Amazon currently has fulfillment centers in Edwardsville, Joliet and Romeoville. A center is also under construction in Monee, about 40 miles south of Chicago. At the nearly 1 million-square-foot facility in Aurora, employees will pick, pack and ship small items to customers such as books, electronics and consumer goods. The other fulfillment center, spanning 400,000 square feet, will specialize in handling larger items.