FAIRFIELD, N.J. — The Stro Companies has acquired an industrial property, located at 161 Dwight Place in Fairfield, from an international owner/user for $3 million. The 35,000-square-foot facility features a 13,000-square-foot unit, a 22,000-square-foot unit, cross loading, abundant parking and 23-foot ceiling heights. The facility was vacant at the time of acquisition.
NORTHBROOK, ILL. — Avison Young has brokered the sale of a 117,000-square-foot industrial property in Northbrook, approximately 25 miles northwest of Chicago, for an undisclosed price. Molto Properties sold the asset to Atlas Fibre Co. The property, situated on 4.7 acres, is located within the Sky Harbor Industrial Park. The asset features 20-foot clear heights, new mechanical systems, six interior docks, two drive-in doors and 168 parking spaces. Brett Kroner, Keith Puritz and Eric Fischer of Avison Young represented the seller in the transaction.
HOUSTON — Real estate professionals Jay Holland and Jim McCartney have opened a Big Space Storage location at 11847 Spears Road in Houston. The property consists of 270 units and features wide driveways for easy maneuverability, monitoring and pull-through capability in select units. Big Space Storage also includes an onsite leasing and management office and a manager’s apartment. Several other Big Space Storage brand sites are under consideration in other parts of Houston.
LAKE FOREST, CALIF. — Camisasca Living Trust has purchased an 18,156-square-foot industrial building in Lake Forest for $3.7 million. The building is located at 20341 Hermana Circle. The trust plans to use the facility to manufacture and distribute car accessories. NGKF’s David L. Kluver represented the seller, Amkly Enterprises LLC, in this transaction.
DALLAS — Lee & Associates has negotiated the sale of a 6,498-square-foot freezer/cooler warehouse located at 210 Oregon Ave. in Dallas. Matthew Thompson and Phil Rosenfeld of Lee & Associates’ Dallas/Fort Worth office represented the seller, Wang Globalnet. Charlie Perdue of Perdue Equities Co. represented the buyer, JC Goodman Investment Group.
SUMMERVILLE, S.C. — Colliers International has brokered the $4.8 million sale of a 131,535-square-foot industrial facility located at 211 Farmington Drive in Summerville. Hagood Morrison and Hagood S. Morrison of Colliers International’s Charleston office represented the seller, The W.W. Williams Co., a national industrial equipment sales and service company. The unnamed buyer is currently renovating the property and will offer it to lease as soon as construction is completed. The property features five acres of undeveloped land suitable for a build-to-suit project.
SOUTH BRUNSWICK, N.J. — Bridge Development Partners is developing Bridge Point South Brunswick Manor, a speculative industrial distribution facility in South Brunswick. Situated on 35 acres, the 488,800-square-foot facility will feature 36-foot clear ceiling heights; 98 truck dock positions; two drive-in doors; an ESFR fire protection sprinkler system; and 800-amp, 277/480-volt electrical service. Additionally, the property will feature a parking lot with 100 spaces for cars and 85 spaces for trailers. Premier Design + Build is serving as general contractor for the building, which is slated for delivery in third quarter 2016.
LAKEWOOD, COLO. — CAM Lakewood LLC has purchased Garrison Business Park, a 49,000-square-foot flex-industrial property in Lakewood, for $7.5 million. The property is located at 9195-9197 W. 6th Ave., about seven miles outside of downtown Denver. The fully leased property is occupied by tenants like Pinkard Construction and Golder Associates. The seller, Pathfinder Partners, purchased the property in December 2012 from a CMBS special servicer’s real estate-owned (REO) department.
DENVER — Sovran Self Storage Inc. has purchased the 521-unit Extra Space Storage self-storage facility in the Denver submarket of Thornton for an undisclosed sum. The sales price equates to $203 per square foot, the highest price paid per square foot for a self-storage facility in Colorado, according to Marcus & Millichap, which represented both the buyer and seller, TRC Companies, in this transaction. The facility is located at 9000 Gale Blvd., about 10 miles north of downtown Denver. It was built in 2011. Adam Schlosser and Chico LeClaire led the Marcus & Millichap team.
CHICAGO — Cushman & Wakefield has arranged the sale of two newly renovated industrial properties along Chicago’s I-55 corridor for $14.3 million. 51st Holdings LLC purchased the assets, which total 391,483 square feet, from Venture One Real Estate LLC. Venture One acquired the properties in 2014 and completed a renovation that included restored roofs, facade improvements, updated loading docks, revamped office space, lighting and electrical upgrades, and interior and exterior painting. 6500 West 51st St. was vacant at the time of sale, while 6400 West 51st St. was fully occupied by NADC Group, a logistics and supply chain management firm. Larry Goldwasser, Sally Macoicz, Colin Green and Michael George of Cushman & Wakefield represented both parties in the transaction.
