TOTOWA, N.J. — Tulfra Real Estate has received a $9.5 million loan for the refinancing of an industrial building located at 930 N. Riverview Drive in Totowa. Jon Mikula and Michael Klein of HFF arranged the five-year, fixed-rate loan through Lakeland Bank for the borrower. The property features 91,297 square feet of light industrial space.
MEDWAY, MASS. — R.W. Holmes Realty has brokered the sale of an industrial and warehouse building located at 7 Industrial Park Road in Medway. Industrial Park Realty acquired the building from Riverside Properties for $4.6 million. MicroGroup, a medical device component manufacturer, occupies the entire 77,253-square-foot building. John Eysenbach of R.W. Holmes represented the buyer and seller in the deal.
OKLAHOMA CITY — CBRE has arranged four industrial leases in Oklahoma City totaling 97,392 square feet. In the first lease, Mick’s Vault Works leased 6,000 square feet of industrial space at 13915 N. Harvey Ave. from HUDICO. In the second lease, Terra Pilot MWD Tools renewed a lease for 5,030 square feet of industrial space at 5 N. Cooley Drive from TIC – 485 Fall Creek LLC & Desert Mountain Investments. In the third deal, CentiMark Corp. leased 5,936 square feet of space at 14800 Bristol Park from Pinnacle Investments. Jason Hammock, Caitlin Mazaheri and John Lenochan of CBRE represented the landlords in all three deals. In the final transaction, Biagi Warehouse leased 80,426 square feet of industrial space at 6001 SW 36th St. from GIJV OKC 1. David Portman of CBRE represented the landlord in the deal.
MAHWAH, N.J. — NAI James E. Hanson has brokered the sale of an industrial building located at 211 Island Road in Mahwah. 211 Island Road Associates LP sold the 108,237-square-foot building to Mahwah 2016 LLC for an undisclosed price. The buyer will relocate and expand its current Rockland County, N.J.-based business to 32,547 square feet of space at the property. Kenneth Lundberg and Patrick Lennon of NAI James E. Hanson represented the seller in the deal.
LEOMINSTER, MASS. — The Stubblebine Co./CORFAC International has arranged the sale of a 227,422-square-foot industrial building located at 175 Pioneer Drive in Leominister. Star Realty sold the property to F&M Plastics for $5.1 million. David Stubblebine and James Stubblebine of The Stubblebine Co./CORFAC represented the seller, while Andrew Sacher of AIS Development represented the buyer in the transaction.
GIBSONTON, FLA. — Duke Realty Corp. has begun construction on the first warehouse within Tampa Regional Industrial Park (TRIP), a 1.1 million-square-foot development located at the northeast corner of Big Ben Road and U.S. Highway 41 in Gibsonton, a suburb of Tampa. TRIP has direct access to Interstate 75 and is situated 12 miles south of Interstate 4. The first building will span 337,447 square feet and will be the largest spec industrial building in Hillsborough County in eight years, according to Duke Realty. The cross-dock property will feature 64 dock doors, four 12- by 14-foot doors, 101 trailer storage positions, a 175-foot truck court, T5HO fluorescent lighting, an ESFR sprinkler system and 264 automobile parking spaces. The Indianapolis-based developer and owner has selected Newmark Grubb Knight Frank to market the building, which is slated for delivery in July.
MEDLEY, FLA. — CenterPoint Properties, an industrial developer and investor based in metro Chicago, has purchased a Class A distribution center located at 10400 N.W. 122nd St. in Medley, a town in Miami-Dade County. Christian Lee, Chris Riley and Jose Lobon of CBRE represented the seller, Charlotte-based Levine Properties, which developed the asset. Situated on 32 acres, the 306,703-square-foot facility features 30-foot clear heights, 70 dock-high doors, trailer parking and available land for future development. The distribution center is fully leased on a long-term basis to one of the largest delivery companies in North America, according to CenterPoint. The purchase price was not disclosed.
JERSEY VILLAGE, TEXAS — G.E.T. Enterprises has leased 201,600 square feet of industrial space at 7401 Security Way in Jersey Village. The supplier of serving ware, drink ware and tabletop solutions is expanding and relocating its facility to the new space within Prologis Park Jersey Village. Walker Barnett and Ryan Byrd of Colliers represented the tenant, while Joseph Smith and Billy Gold of CBRE represented the landlord, Prologis NA2 Texas LLC, in the lease transaction.
RIVERSIDE, CALIF. — Trammell Crow Company (TCC) has commenced construction on Columbia Business Park, a 1.4 million-square-foot spec industrial development in Riverside. The three-building project will be situated within the Hunter Park industrial corridor. The project will be constructed in phases to maximize flexibility. The first phase will include a 1 million-square-foot distribution center and the design of a 371,229-square-foot distribution center. The second phase will include the development of the adjacent seven-acre parcel, which could provide additional parking, trailer storage or accommodate a planned 86,853-square-foot building. Operating Engineers Pension Trust is developing the business park. Washington Capital Management served as Operating Engineers’ advisor.
MILWAUKEE — Kleen Test Products Corp. has signed a 20,000-square-foot industrial lease at 5200 W. Clinton Ave. in Milwaukee. The landlord was TJW Plant3 LLC. TJ Huenerbein, Nick Keys, Samuel D. Dickman and Samuel M. Dickman Jr. of the Dickman Co. Inc./CORFAC International brokered the transaction. Kleen Test Products manufactures wet wipes, dryer sheets, liquids, pads, lotions, soaps and confectionery products.
