PLEASANT PRAIRIE, WIS. — Cushman & Wakefield has arranged the sale of 8201 104th St., a 44,398-square-foot flex building in Pleasant Prairie’s LakeView Corporate Park. The 2,400-acre master-planned, mixed-use development consists of industrial, office and retail properties. Quest Products purchased the property for a $3.6 million initial investment, with an additional $1.5 million investment anticipated within the next three years. Cushman & Wakefield’s Chicago-based team of Whit Heitman, Sam Badger and Brad Weiner represented Quest. Ryan Bain, Keith Puritz, Brett Kroner and Zach Graham of CBRE represented the seller, a local private investor. The company, a packaged consumer goods producer specializing in retail, e-commerce and drop-ship distribution, is currently based in Gurnee, Ill. Quest operates an additional distribution facility in Independence, Iowa. Both facilities will be consolidated into this new headquarters location situated on more than 4.6 acres. Built in 1994, the property features a 22,267-square-foot, two-story office component and 24-foot clear ceiling heights in the 22,131-square-foot warehouse component. The site has parking for 107 cars and has the potential for future expansion.
Industrial
WEST CHICAGO, ILL. — Lee & Associates has arranged an industrial lease for 144,924 square feet in West Chicago. Plastipak Packaging will occupy the space within the LaGrou West Chicago Center located at 1800 W. Hawthorne Lane. The 572,000-square-foot distribution center is now fully occupied. Other tenants in the complex include Norix, Illinois Central Bus Service and LaGrou Distribution Systems. Matt Minik of Jupiter Realty Services LLC represented the tenant, Plastipak. James Planey and Jeff Janda of Lee & Associates of Illinois represented the landlord, LaGrou West Chicago Center.
STURTEVANT, WIS. — Meridian Design Build has completed a 76,320-square-foot expansion to an existing industrial plant in Sturtevant for Kerry Ingredients & Flavours. The fully air-conditioned building addition includes 10 new loading docks and dedicated warehouse space to accommodate spice storage. Meridian also completed interior renovation work within the existing plant including construction of new blending cells, the expansion of existing employee facilities and relocation of quality assurance facilities to accommodate increased production output. Thirty-six additional parking stalls were also added. This was Meridian Design Build’s fourth project for Kerry since 2009. Harris Architects provided architectural services. Pinnacle Engineering Group completed civil engineering work for the project.
HOUSTON — Kinghorn, Driver, Hough & Co. has arranged an $11.1 million construction loan for Reed’s Landing Business Park located near Beltway 8 and Aldine Westfield in Houston. Phase I of the building will be a 147,112-square-foot manufacturing/distribution building with a 30-foot clear height, designed for either multi or single tenant use. It is scheduled for completion in early 2015. Upon completion, the entire project will include four buildings with a total of 517,382 square feet. Larry Peters and Matt Franke of KDH arranged the loan.
GRAND PRAIRIE, TEXAS — Lee & Associates has arranged the lease renewal for a 50,000-square-foot industrial space located at 1421-1425 Ave. R in Grand Prairie, just west of Dallas. Mark Graybill and Scott Giordano of Lee & Associates’ Dallas/Fort Worth office represented the tenant, Fit Supply, a provider of commercial fitness equipment. Dan Lawson of Proterra Properties Inc. represented the landlord, Greenbriar Holding Dallas.
GREENSBORO, N.C. — CBRE | Triad has arranged the sale of Deep River Corporate Center and West Friendly Business Park in Greensboro’s Piedmont Triad Airport submarket. The two flex/industrial facilities total 206,794 square feet. Richmond, Va.-based Lingerfelt CommonWealth Partners purchased the two assets for an undisclosed price. Jonathan Smith, Dodson Schenck and Greg Wilson of CBRE | Triad represented the seller in the transaction.
UPPER MARLBORO, MD. — Transwestern has brokered the sale of 8300 Pennsylvania Ave., a 180,000-square-foot industrial property in Upper Marlboro. Chesapeake Real Estate Group LLC and Thompson Creek Window Co. purchased the building from Murry’s Inc., a frozen food manufacturer, for $8.7 million. The property served as Murry’s Inc.’s corporate headquarters. Mark Glagola, Ken Marks and Bob Filley of Transwestern represented Murry’s in the transaction. Chesapeake Real Estate and Thompson Creek Window plan to build a 120,000-square-foot headquarters facility for Thompson Creek at the site. Murry’s also leased new headquarters space at 7852 Walker Drive in Greenbelt, Md. Susan Kay and Mark Boyce of Transwestern represented Murry’s in the 3,800-square-foot lease.
NORWALK, CONN. — West Hempstead, N.Y.-based GTJ REIT has acquired an industrial building located in Norwalk for an undisclosed price. Situated on approximately three acres, the 50,000-square-foot building features 18-foot clear heights. The property, which carries I-1 zoning is currently occupied by FedEx Corp. Additional details of the transaction were not released.
LOVELAND, OHIO — Cassidy Turley has arranged the $2.3 million sale of a 70,350-square-foot manufacturing and distribution center in Loveland. Pioneer Real Estate Investments sold the industrial facility located at 107 Northeast Drive to Red Carpet Studios. Tom McCormick and Ben McNab of Cassidy Turley’s Cincinnati office represented Pioneer Real Estate Investments in the sale. Red Carpet Studios is planning to expand its office and warehouse operations at the new location.
ONTARIO, CALIF. — PPF Industrial LLC has acquired a 386,598-square-foot industrial building in Ontario for $23.8 million. The building is located at 1671 Champagne Ave. The property is situated just east of Interstate 15 and south of Interstate 10 in the Inland Empire West industrial warehouse/distribution submarket. The area is serviced by the Union Pacific Railroad. Notable tenants at the building include Precision Foam LLC, Pacific Urethane and Bericap LLC. The space was renovated and retrofitted in 2011. Darla Longo, Barbara Emmons and Rebecca Perlmutter of CBRE’s Ontario office represented both the buyer and seller, CT Realty, in this transaction.