ORLANDO, FLA. — JLL has completed two new lease transactions totaling 309,400 square feet of warehouse distribution space in Orlando. The two tenants, Mattress Firm and Sherwood Bedding, will occupy adjacent 154,700-square-foot spaces in a brand new 478,400-square-foot cross-dock facility at Air Commerce Park, a 3 million-square-foot, 300-acre industrial park currently under construction just west of Orlando International Airport. Joe Hills and Josh Lipoff of JLL worked with Damian Riveria of E. Smith Realty Partners to represent the tenants in their respective lease transactions. Chicago-based Becknell Industrial, along with local planning consultants Mike Stuart and Florida Engineering Group, are developing Air Commerce Park.
GLEN ELLYN, ILL. — Paine Wetzel TCN Worldwide has brokered the sale of a 106,892-square-foot industrial property in Glen Ellyn, approximately 28 miles west of Chicago. M&R Printing Equipment sold the asset, located at 1N372 Main St., to LifeStorage. The asking price for the property was $3.7 million, but the final purchase price was undisclosed. LifeStorage plans to convert the manufacturing building into self-storage units. Jeff Blake of Paine Wetzel TCN Worldwide represented the seller in the transaction. Sean Henrick of Cushman & Wakefield represented the buyer.
NOVI, MICH. — Friedman Integrated Real Estate Solutions has negotiated the sale of a 24,898-square-foot industrial property for $1.6 million. Sigma Phi Properties Inc. acquired the asset, located at 46555 Humboldt Drive Road in Novi, approximately 30 miles northwest of Detroit, from BACM 2006-2 Novi industrial LLC. The property was 100 percent occupied by three tenants at the time of sale. Rich Deptula of Friedman Integrated Real Estate Solutions represented both parties in the transaction.
HOUSTON — Sealy & Co. has acquired Northwest Point Business Park, a 232,307-square-foot light industrial portfolio located on Brittmoore Road in northwest Houston. The acquisition was made through the company’s investment offering Sealy Strategic Equity Partners (SSEP). The park consists of four industrial buildings located at the intersection of Highway 290 and Beltway 8. Northwest Point is 100 percent leased to 10 tenants including manufacturing, distribution and food processing companies. The average tenant has occupied the space for more than three years. The suites range from 4,695 to 76,880 square feet.
LAWRENCEVILLE, GA. — Hillwood, a Perot company, has purchased Gwinnett 316, a 15-building distribution park totaling 2.2 million square feet, for an undisclosed price. The park is situated one mile off GA Highway 316 in Lawrenceville within Atlanta’s I-85 Northeast submarket. The acquisition consists of rear- and front-loading distribution buildings ranging from 70,000 to 200,000 square feet. The buildings have an average construction date of 1992 with an average 24-foot clear height, ESFR sprinkler systems, T-5 lighting, ample parking and some office space. Hillwood has begun major capital improvements that include enhanced landscaping, parking lot and roof refurbishments and upgrades to vacant space. Hillwood recently opened an office in Atlanta, with Todd Parker leading the division as senior vice president.
WATERBURY, CONN. — Great American Aquaculture has signed a long-term lease for 54,426 square feet of industrial space at 64 Avenue of Industry in Waterbury. The 66,400-square-foot building is situated on 10.3 acres. Sentry Commercial, in association with Hartford Group International, represented the landlord, 64 AOI LLC, while Colonial Realty represented the tenant in the transaction.
HOUSTON — United Equities has commenced construction on Phase II of Harms Road Industrial Park in northwest Houston near Highway 290 and the Beltway. The single-tenant manufacturing buildings will each be between 16,000 and 30,000 square feet, with build-to-suit opportunities up to 60,000 square feet. Bank of Texas arranged construction financing for the project, and Powers Brown Architecture did architectural work. Travis Land of NAI Houston is leasing the project.
SAN ANTONIO — Marcus & Millichap has arranged the sale of Marbach Business Center, a 33,175-square-foot industrial property located in San Antonio. Joshua Murphy and Jon Danklefs of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, a limited liability company. Danklefs secured the buyer, a private investor. Marbach Business Center is located at 9207 Marbach Road in a growing corridor of western San Antonio. Built in 2006, the facility includes three buildings with stucco exteriors, garage-style roll-up doors and asphalt drives. There are 22 total units that range in size from 559 to 1,602 square feet.
NEWTON, MASS. — R.W. Holmes Realty has brokered the sale of an office/manufacturing building located at 55 Border St. in Newton. Border Realty Trust sold the property to Quarter Realty Trust for $2.7 million. The 18,000-square-foot building features a tailboard dock, a drive-in door and heavy power. Garry Holmes of R.W. Holmes Realty represented the seller, while Dean Blackey, also of R.W. Holmes Realty, represented the buyer in the transaction.
DALLAS — Lee & Associates has completed a lease transaction for 630,000 square feet of space located at 1 Mountain Creek Parkway in Dallas with Niagara Bottling, which will use the facility to distribute its water and flavored drinks to the contiguous 48 states. Trey Fricke and Reid Bassinger of Lee & Associates represented the tenant, Niagara Bottling, in the transaction. Kacy Jones and Steve Koldyke of CBRE represented the landlord.