HOUSTON — NAI Houston has arranged the sale of a 27,000-square-foot spec building located on 3.3 acres at 9851 Genard Road in Houston. Chris Kugle and John Ferruzzo of NAI Houston represented the seller, Brennan Investments. John Nicholson of Cassidy Turley represented the buyer, Ferguson Enterprises Inc.
Auburn Hills, Mich. — L. Mason Capitani CORFAC International has arranged the sale of a 40,000-square-foot industrial facility in Auburn Hills. SL America Corp. purchased the facility located at 4375 Giddings Road from an undisclosed seller. The asking sale price for the property was $2.2 million. SL America, a subsidiary of South Korean-based SL Corp., has outgrown its North American Engineering Center in Sterling Heights and is expanding to this new location. The company is a supplier of exterior lighting, gear shifters, electronics, and pedal modules. Garry Rogers of L. Mason Capitani represented the buyer in the transaction.
THOMSON, GA. — Hollander Sleep Products has selected Red Rock Developments to construct its 200,000-square-foot manufacturing and warehouse facility in Thomson. The property will be Hollander’s 10th manufacturing facility in the United States. The company’s bedding products include Laura Ashley, Ralph Lauren, Beautyrest and Waverly.
UNION, N.J. — Bussel Realty Corp. has brokered the sale of 600 Green Lane, a 91,000-square-foot distribution and headquarters facility in Union. Millstein Acquisitions and D’Artagnan purchased the property for $6.6 million. Situated on 5.9 acres the property features 13,000 square feet of modern offices, 26- to 28-foot ceiling heights, 17 loading docks and 163 parking spaces. The property most recently underwent renovations in 2005. Robert Sagar and David Blitt of Bussel Realty represented the seller, while Blau & Berg represented the purchaser in the transaction.
ALBION TOWNSHIP, MICH. — Bernard Financial Group has arranged a $3 million construction loan for an 83,087-square-foot industrial building in Albion Township. Dave Dismondy of Bernard Financial Group originated the loan for the borrower, Woodworth Homer LLC. Stancorp Mortgage Investors LLC, a mortgage-banking firm representing several life insurance companies and conduits, provided financing for the loan.
LOUISVILLE, COLO. – Servtech has leased 95,000 square feet of industrial space in Louisville. The space is located at 333 Centennial Parkway. The electrical motor controls manufacturer was represented by Adam Micheli of Berkshire Hathaway and Gwenivere Snyder of Colorado Landmark Realtors. The landlord, Neoserv Co Qrs 10 13 Inc, was represented by Chris Ball, Brandon Ray, Alec Rhodes, Tyler Smith and Aaron Valdez of Cassidy Turley.
WEST PALM BEACH, FLA. — McCraney Property Co. plans to develop Turnpike Business Park, a five-building, 400,000-square-foot warehouse/distribution project in West Palm Beach. Situated on 33.8 acres, the development will have one mile of direct Florida Turnpike footage. Final approval plans from the Palm Beach County Building and Zoning Department are expected before the end of the year, and McCraney Property expects to break ground in January 2015. The industrial park will have clear heights of 24 to 30 feet with dock-high loading. McCraney Property has hired Peter Corrales of Corrales Group Architects to design the project and Christopher Thomson of Cushman & Wakefield to lease the park. In addition to Turnpike Business Park, McCraney Property has two other industrial parks under construction and one was recently completed.
LEVITTOWN, PA. — New Jersey-based Bussel Realty Corp. (BRC) has arranged the lease of 100,000 square feet of industrial space at 30 Runway Dr. in Levittown. Poly Cube Company will lease the space for its plastic manufacturing business operations. Built in 1991, the 201,600-square-foot, Class A industrial facility features 28-foot ceiling heights, 40-foot by 42-foot column spacing, wet sprinklers, six tailboard and four rail doors for loading, as well as ample parking. Steve Bussel of BRC was responsible for the transaction and represented the tenant. Frank Green Development is the owner of the property.
TEMPE, ARIZ. – DCT Industrial Trust has purchased a three-property industrial portfolio in Tempe for $26.4 million. The portfolio contains a total of 355,371 square feet. The transaction includes Roosevelt Center at 2405 and 2415 S. Roosevelt Street; Parkland Center at 7245 and 7307 South Harl Ave.; and Wilson Center at 2636 South Wilson Street. Roosevelt Center and Wilson Center contain three high-quality warehouse/manufacturing buildings totaling 292,605 square feet within the Broadway Industrial Park. Parkland Center contains two multi-tenant industrial buildings totaling 62,766 square feet in the south Tempe submarket. The portfolio was 98 percent leased at the time of sale. DCT plans to hold the portfolio and continue its lease-up efforts. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley’s Capital Markets Group represented both the buyer and seller, a Chicago-based global investment manager, in this transaction.
HARRISON TOWNSHIP, MICH. — L. Mason Capitani CORFAC International has arranged the lease of a 42,515-square-foot, free‐standing industrial building in Harrison Township. The property is located at 25551 Joy Blvd. Aristo‐Cote Inc. is expanding into this new facility, which will increase their company’s square footage to more than 150,000 square feet. Aristo‐Cote specializes in custom coatings for material handling and packaging solutions. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International represented the tenant and landlord in the transaction.