DENVER — Pathfinder Winfeild RiNo Holdings LLC has purchased a former Gold Star Sausage Factory in Denver for $4.5 million. The factory is located at the corner of 28th and Walnut streets in the River North (RiNo) District. It contains five structures for a total of 47,326 square feet. The buyer plans to repurpose the space to include common-area meeting space, a kitchen, locker room and showers and a bike barn with a bicycle repair station. Brian Bair and Trent Rice of NAI Shames Makovsky represented Pathfinder in this transaction.
SAN DIEGO — General Atomics Aeronautical Systems has signed a four-year lease for a 112,000-square-foot industrial property in the San Diego submarket of Poway. The building is located at 13550 Stowe Drive. The lease is valued at more than $4.2 million. General Atomics represented itself in the transaction. Ted Cuthbert of Colliers International and Bob Willingham, James Duncan and Mickey Morera of Kidder Mathews represented the landlord, CT Realty.
CARROLLTON, TEXAS — Dan Spika of Henry S. Miller Brokerage’s industrial division represented Speed Boats of Texas in the lease of its new site in Carrollton. The 28,152-square-foot site is located at 3231 Commander Drive near Midway Road, the Dallas North Tollway and President George Bush Turnpike. Brett Owens of Transwestern represented the landlord, Colony Capital, in the transaction.
ROCHESTER HILLS, MICH. — Colliers International has arranged a 26,280-square-foot flex lease in Rochester Hills, approximately 30 miles north of Detroit. Nichols Paper & Supply Co. leased the space from ADCO Investments LLC and will use the property as a warehouse for distributing paper and janitorial supplies. Gary Glotzhober of Colliers International represented the tenant in the transaction. The property is located at 1685 Northfield Drive.
ORLANDO, FLA. — Liberty Property Trust has sold a 713,585-square-foot industrial property located at 8201 Chancellor Drive in Orlando for $35.5 million. Liberty recently completed a long-term lease renewal with CVS at the facility. Frank Fallon, Mike Hines and David Murphy of CBRE represented Liberty in the transaction. Exan Capital LLC advised the undisclosed buyer. Liberty, an $8 billion, publicly traded REIT, currently owns and manages 3.6 million square feet of industrial space in Orlando.
DENTON, TEXAS — Lee & Associates has arranged a lease transaction for a 10,000-square-foot industrial building located at 2834 Geesling Road in Denton. Corbin Blount of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Automotive Tensioners. Donald Frazier of Frazier Commercial represented the landlord, Jim/Heritage LP.
TAYLOR, MICH. — Colliers International has arranged a 15,000-square-foot industrial lease for A&R Logistics Inc. in Taylor, a southwest suburb of Detroit. A&R Logistics specializes in dry bulk transportation and will use the space to store and clean bulk tanker trucks. The facility is located at 25086 Brest Road. Thomas Schoenberger of Colliers International represented the tenant in the transaction. The landlord, Gordon Mobley, was self-represented.
PEARL RIVER, N.Y. — Industrial Realty Group (IRG) has acquired the more than 2 million-square-foot Pfizer campus in Pearl River, located 20 miles north of Manhattan. IRG plans to transform the 200-acre campus into a dynamic mixed-use, multi-tenant campus, which will bring businesses and job opportunities to Rockland County. The acquisition includes approximately 38 buildings of laboratory, manufacturing, office and support buildings. Pfizer will retain and operate 500,000 square feet and lease back approximately 1.2 million square feet from IRG. Terms, including sales price, of the acquisition were not released. IRG plans to transform the 2 million-square-foot Pfizer campus in Pearl River, N.Y., into a mixed-use, multi-tenant campus.
PORTLAND, MAINE — Colliers International has brokered the sale of an industrial property located at 264 Freestone Drive in Portland. Freestone Avenue LLC acquired the facility from Essentra Packaging US Inc. for $1.2 million. Situated on 6.3 acres, the 107,639-square-foot property was formerly the Clondalkin Pharma & Healthcare facility. Biff Zoephel of Colliers International brokered the transaction.
HORSHAM, PA. — HFF has arranged a $28 million loan for the refinancing of a two-building portfolio in Horsham, a suburb of Philadelphia. The borrower was an affiliate of Endurance Real Estate Group LLC. The 10-year loan, which features a fixed rate, was provided by Silverpeak Real Estate Finance. Loan proceeds will be used to refinance existing debt. The portfolio includes 200 Precision Drive, a 126,500-square-foot facility with 63,000 square feet of warehouse space, 49,400 square feet of office space and a 14,200-square-foot laboratory; and 425 Privet Road, a 120,290-square-foot property fully leased to Teva Pharmaceuticals. 200 Precision Drive is leased to Finisar Corp., C&D Technologies and DrugScan. Ryan Ade and Campbell Roche of HFF represented the borrower in the financing.