ROMEOVILLE AND BOLINGBROOK, ILL. — Molto Properties has sold a three-building industrial portfolio in metro Chicago for an undisclosed price. Lincoln Property Co. is the buyer. The properties consist of a 189,662-square-foot building at 1485 Normantown Road in Romeoville; a 116,000-square-foot building at 1055 Remington Veterans Blvd. in Bolingbrook; and a 45,000-square-foot building at 49 N. Paragon Road in Romeoville. Both 1485 Normantown and 1055 Remington were developed by Molto Properties in 2014 and 2015, respectively, and are operating at 100 percent occupancy. Jeff Devine and Steve Disse of Colliers International represented Molto in the transaction.
COLORADO SPRINGS, COLO. — Monmouth Real Estate Investment Corp. has purchased a 225,362-square-foot industrial building in Colorado Springs for $28.8 million. The community is located at 125 N. Troy Hill Road. The space is net leased to FedEx Ground Packaging System for 10 years. The building is situated on 27.4 acres, directly across from the Colorado Springs Airport.
SONOMA, CALIF. — Strategic Storage Trust II has purchased a 340-unit self-storage facility in Sonoma for an undisclosed sum. The facility is located at 19240 Highway 12. The property contains a total of 37,800 square feet on 1.97 acres. It is about 95 percent occupied. The space was built in 1984. Strategic Storage Trust II is sponsored by SmartStop Asset Management LLC.
BRASELTON, GA. — Amazon plans to build a new 600,000-square-foot fulfillment center in Braselton, a northeast suburb of Atlanta. The new facility will add 500 new full-time jobs to the area, joining the more than 1,500 full-time Amazon employees at existing facilities in Georgia. Employees at the new facility will pick, pack and ship large items such as home décor items, sporting equipment and gardening tools. Amazon has not announced a construction timeline for the new property.
ELK GROVE VILLAGE, ILL. — Darwin Realty has arranged a 58,627-square-foot office and industrial lease for Porreca Freight, a local pick-up and delivery service provider. The building is located at 1850 Greenleaf Ave. in Elk Grove Village, approximately 25 miles northwest of Chicago. The facility features 11 exterior docks, two drive-in doors, 16-foot clear heights and parking. Richard Daly of Darwin Realty represented the tenant in the transaction. Jonathan Kohn and Tom Rodeno of Colliers International represented the landlord.
DEVENS, MASS. — CBRE/New England has arranged the sale of an industrial facility located at 36 Saratoga Blvd. in Devens. Cabot Properties acquired the 162,000-square-foot facility from J.G. Petrucci Co. for $10.35 million. Developed in 1999, the property was fully occupied at the time of acquisition. Bob Gibson, Dave Pergola and Brian Doherty of CBRE/NE represented the seller and procured the buyer.
TEMPE, ARIZ. — BKM Capital Partners has purchased Tempe Commerce Park, a 535,976-square-foot industrial asset in Tempe, for $58 million. The five-building park is located at 7410-7419 S. Roosevelt. Tempe Commerce Park was purchased at 30 percent below replacement costs. It is currently fully occupied. The asset was acquired through BKM Industrial Value Fund I L.P. JLL’s Mark Detmer and Bo Miles represented the seller, Invesco, which sold the asset on behalf of its client, Ohio Police and Fire.
PLANO, TEXAS — Ascent has opened a 43,330-square-foot data center known as Ascent DAL1 in Plano. The property is designed to withstand tornadoes with winds up to 360 miles per hour. DAL1 spans 4.3 acres and includes 2.7 megawatts of power, with the ability to expand to up to 7.2 megawatts. The building has three paths for fiber access.
NEW YORK CITY — TerraCRG has brokered the sale of a vacant commercial lot located in Brooklyn’s Gowanus neighborhood. Located at 84 14th St., the site sold for $2.6 million, or $163 per buildable square foot. Zoned M2-1, the vacant 7,996-square-foot lot offers 15,992 buildable square feet. The site is surrounded by a mix of residential and commercial buildings. Dan Marks and Mike Hernandez of TerraCRG brokered the transaction. The names of the seller and buyer were not released.
LIVONIA, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of a 155,433-square-foot industrial facility for an undisclosed price. EWI sold the building, which is located at 13211 Merriman Road in Livonia, approximately 20 miles northwest of Detroit. Alta Equipment Co., a Midwest forklift and heavy construction equipment provider, purchased the property. David Friedman and Phil Konopitski of Friedman Integrated Real Estate Solutions represented both parties in the transaction.