GREEN BAY, WIS. AND ROCHESTER, MINN. — Monmouth Real Estate Investment Corp. has acquired two industrial buildings in Green Bay, Wis., and Rochester, Minn., in separate transactions for a combined total of $11.9 million. The 99,102-square-foot industrial building at 3383 Spirit Way in Green Bay was purchased for $6.6 million. The 60,398-square-foot industrial building located at Schumann Drive in Rochester was acquired for $5.3 million. Both properties are net-leased for 10 years to FedEx Ground Package System Inc.
HOUSTON — Cushman & Wakefield has arranged leases for Cameron International Corp. and Produced Water Absorbents Inc. (PWA) at Northwest Place Industrial Park, located in Houston’s Northwest submarket. Cameron will occupy the 22,942-square-foot flex building located at 6511 West Little York Road, and PWA will occupy the 18,000-square-foot flex building at 6795 Bingle Road. The complex, a project of full-service real estate company Levey Group, comprises five buildings: the two just leased, one previously leased and two that are still being constructed.
COMMERCE, CALIF. — KTR Capital Partners has purchased a four-property industrial portfolio in Commerce for an undisclosed sum. The 254,000-square-foot portfolio is located along 61st and Randolph streets. The buildings are 85 percent leased to six tenants. The disposition was handled by Mike Sidney, Mike Foley, John McMillan, Jeff Sanita, Jeff Chiate and Jeff Cole of Cushman & Wakefield. The seller was Erwin & Essie Appel Trust.
NASHVILLE, TENN. — Cushman & Wakefield | Cornerstone's capital markets group has arranged the $6 million sale of three distribution centers in Nashville. Atlanta-based Johnson Hailey Investments purchased the facilities from ProLogis-Nashville. The properties total 174,600 square feet and are located at 1416 and 1418 Antioch Pike and 1914-1919 Elm Tree Drive.
FRANKLIN, MASS. — Richards Barry Joyce & Partners LLC (RBJ&P) has brokered the sale of two industrial buildings in Franklin, located about 40 miles south of Boston. Novaya Real Estate Ventures purchased the two buildings, which are fully leased and located at 176 Grove St. and 130 Constitution Blvd. Williams-Sonoma Direct and Spirit Delivery & Distribution Services occupy the 169,968–square-foot building at 176 Grove St. Clark Cutler McDermott occupies the 59,970-square-foot building at 130 Constitution Blvd. John Lashar, partner, and Chris Skeffington, senior vice president at RBJ&P, represented the seller and procured the buyer in the transaction. RBJ&P has been retained as exclusive leasing agent for both buildings.
HALTOM CITY, TEXAS — Lee & Associates has arranged a 79,950-square-foot industrial lease for Woods Distribution Solutions LLC in Haltom City, a suburb 8 miles north of Fort Worth. The property is a freestanding warehouse facility located at 4233 Janada St. Becky Thompson of Lee & Associates represented the tenant in the negotiations. Bob Kent of Structure Commercial represented the landlord, Talley Rents LLC.
ATLANTA — Dallas-based Westmount Realty Capital has purchased eight industrial assets in and around Atlanta, totaling nearly 900,000 square feet. The properties are located near I-285 and vary in type, from flex to distribution. The properties are located at 2600/2650 Pleasantdale Road; 4300 Bankers Circle; 2732/2750 S. Cobb Industrial Blvd.; 4490/4492 Commerce Circle; 650 Selig Drive; 3495 Donald Lee Hollowell Parkway; and 3770 and 3735 Zip Industrial Blvd. The properties are around 90 percent leased, according to Westmount. Wilson, Hull & Neal has been retained to lease the properties, and Westmount will provide property management services.
SAUK VILLAGE, ILL. — Warehouse Specialists Inc. has purchased of a 496,260-square-foot industrial building in Sauk Village, located about 30 miles south of Chicago. The privately held logistics company is relocating its warehousing operations from 21700 Mark Collins Drive in Sauk Village to the new building at 21751 Jason Rasmussen Drive. The property includes 32-foot clear ceiling heights, 2,500 square feet of office, 50 exterior docks and two drive-in doors. Jerry Sullivan, a principal at Paine/Wetzel TCN Worldwide, represented Warehouse Specialists in the transaction. Brian Vanosky and Scott Anderson of Lee & Associates worked on behalf of the seller, Dermody Partners.
DALLAS AND HOUSTON — CBRE Capital Markets has arranged the sale and $43.5 million in acquisition financing for an industrial portfolio in the Dallas/Fort Worth and Houston metro areas. The 15 multi-tenant properties, which were purchased by an institutional client, total approximately 1.3 million square feet and were 84 percent occupied by a total of 48 tenants at the time of the sale. The Dallas submarkets of Great Southwest/Arlington and Northeast Dallas contain 10 of the acquired buildings, while the remaining five are located in Houston’s Southeast, Southwest and CBD submarkets. Jack Fraker, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni, Tom Lynch and Paul Segreto of CBRE represented the seller, a global investment manager. Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas Debt and Equity Finance originated and secured the loan.
HOUSTON — Moody Rambin has arranged the lease of 31,182 square feet at Houston’s Clay Hempstead Business Park for Continental Stone, a construction material wholesaler. The facility, which offers both office and warehouse space, is located at 8700 Clay Road in the Northwest Near Industrial submarket. Jim Autenreith of Moody Rambin represented the tenant in the negotiations. Jeff Barbles, also of Moody Rambin, represented building owner and landlord IVEST LP.