UNION, N.J. — Bussel Realty Corp. (BRC), a New Jersey-based corporate and industrial real estate services firm, has signed Manhattan Trading for a lease at 1111 Springfield Road in Union. Manhattan Trading will occupy 18,000 square feet of the 57,000-square-foot industrial building, which features 12-foot ceiling heights, four tailboards, two drive-ins, 200 amps of power and a wet sprinkler system. James Hodgkins of BRC negotiated the transaction and represented the owner.
Industrial
DALLAS — Lewisville, Texas-based HOYA Vision Care has signed a 101,817-square-foot lease at Trade Center IV, located at 755 Regent Blvd. in Dallas. The firm will move into the space in October to commence distribution of its optical lens products. Steve Trese of CBRE represented the landlord, LIT-RPC Trade Center IV LLC, a joint venture of Trammell Crow Co., Clarion Partners and Rosewood Property Co. Mark Miller and Tyson Ersin of NAI Robert Lynn Co. represented the tenant.
MESA, ARIZ. — Superstition Springs Business Park, a 101,411-square-foot flex industrial park in Mesa, has sold to Allred Hampton DE for $13.9 million. The park is located at 7307 and 7427 E. Hampton Ave. It was 91.5 percent leased at the time of sale. Allred Hampton was represented by Stein Koss and Tom Louer of Lee & Associates Arizona. The seller, Hampton/Mesa, was represented by Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick of the same firm.
HAYWARD, CALIF. — General Forklift & Equipment has leased 40,000 square feet of space at the Clawiter business complex in Hayward. The center is located at 25864 Clawiter Road. Other notable tenants at the center include Berkeley Farms and Gillig Corporation. General Forklift was represented by Richard Sutherland of Sutherland Company. The landlord, Clawiter Associates, was represented by Dan Bergen of Colliers International.
CHICAGO — Cushman & Wakefield has brokered the sale of a 377,738-square-foot warehouse facility in Chicago. The property is located at 4500 W. Armitage Ave. Affordable Moving Co., a provider of residential and commercial moving and storage services, will relocate and consolidate its Chicago headquarters to this new location. Brad Weiner, Larry Goldwasser and Colin Green of Cushman & Wakefield represented the seller, Magid Glove and Safety. Weiner, along with Mitch Adams of CBRE, represented the buyer, Affordable Moving Co.
EDWARDSVILLE, ILL. — BARBERMurphy Group has arranged the sale of a 25,440-square-foot industrial building in Edwardsville located in southwest Illinois. The property is situated on approximately 6.5 acres located at 5257 State Route 157. Klueter Brothers Concrete Inc. sold the property to CJD Construction Inc. for an undisclosed sales price. BARBERMurphy Group represented the seller in the transaction.
TUCSON, ARIZ. — Retail Service Systems has leased 18,424 square feet in Tucson. The space is located at 1150 S. Plumer Ave. The landlord, Antonio Gonzalez, was represented by Paul Hooker and Ron Zimmerman of Cushman & Wakefield | PICOR.
HOUSTON — NAI Houston has leased a 21,793-square-foot industrial building at 11505 Todd Street in Houston’s North West Industrial Corridor. John Ferruzzo and Darren O’Conor of NAI Houston represented the tenant, Superior Cladding LLC. Stuart Rosen of Greater Houston Commercial Properties represented the landlord, One Todd VHJT LLC.
PHILADELPHIA — CBRE Group Inc.’s Capital Markets Debt & Structured Finance team has arranged $2.4 million first mortgage refinancing secured by 449 East Tioga Street in Philadelphia. Constructed in the 1960s, the manufacturing and distribution center features 294,148 square feet of industrial warehouse space, 22-foot clear heights and 34-by-34-foot column spacing. Case Paper has used the property as a distribution center since 1999 and has a current lease expiration date of 2019. James Gunning, Donna Falzarano and Evan Kleppe of CBRE arranged the refinancing with a CMBS lender for the borrower, B&W Associates, for a five-year term.
OXNARD, CALIF. – PODS has leased a 232,500-square-foot building in Oxnard. The lease is valued at nearly $2 million. The company will be relocating and expanding from nearby Ventura, where it was based for eight years. The new space is located at 301 S. Rose Ave. CBRE’s Paul Farry, Jim Meaney, Doug Shaw represented both PODS and the landlord, One Miracle Property, in this transaction.