SECAUCUS, N.J. — HFF has closed the $29 million sale of the leasehold interest at One Emerson Lane, a 340,000-square-foot light industrial property in Secaucus. Situated on 18.64 acres and constructed in 1978, the vacant property features 35,712 square feet of two-story office space. Michael Nachamkin and Steve Simonelli of HFF represented the seller, Trinity Place Holdings, in the transaction.
Industrial
GARLAND, TEXAS — Garden Ridge, a home décor superstore, has leased 146,600 square feet of warehouse space at Logistics Pointe/Garland, a 1.1 million-square-foot dry storage and warehouse center. The property is located at 2600 McCree Road in Garland. David Sours and Kevin Kelley of CBRE represented the landlord, Westmount Realty Capital LLC, a Dallas-based real estate investment firm. Nathan Lawrence of CBRE represented Garden Ridge in the lease transaction.
FLETCHER, OHIO — Industrial Property Brokers has arranged the sale of a 297,940-square-foot industrial facility in Fletcher, approximately 35 miles south of Dayton. Robinson Investments Ltd. purchased the facility located at 6990 U.S. Route 36 East for an undisclosed price. Robinson Investments is the owner of Robinson Warehouse, Wright Distribution Centers Inc., Logan Express LLC and Robinson Building Solutions. Robinson Warehouse will be housed at the Fletcher facility, which is approximately 32 miles from the company’s corporate headquarters in Bellefontaine, Ohio. Robinson Warehouse provides the facilities and labor to supply a variety of logistic functions such as purchasing and procurement, packaging, transportation, warehousing, and reverse logistics. Tim Echemann of Industrial Property Brokers represented the buyer in the transaction. The seller was undisclosed.
HOUSTON — Boyd Commercial/CORFAC International has arranged a 25,091-square-foot lease for industrial space at 2040 W. Sam Houston Parkway N. in Houston. Alexander Reilly and Bo Pettit of Boyd Commercial/CORFAC represented the landlord, CH Realty V Lonestar, in the lease transaction. Ken Willis of Avison Young represented the tenant, Tech Pharmacy.
ROMEOVILLE, ILL. — Molto Properties plans to develop a 189,731-square-foot distribution facility in Romeoville, approximately 30 miles southwest of Chicago. The 10.8-acre development will be located at 1485 Normantown Road. The building will feature a 32-foot clear height ceiling, car and trailer parking and ESFR sprinklers. The building will be visible from I-55. Jim Estus of Colliers International will market the speculative building on behalf of Molto Properties. Meridian Design Build has been selected as the general contractor for the project.
MIAMI AND MEDLEY, FLA. — JLL has brokered the sale of two industrial facilities totaling 312,000 square feet in South Florida. In the first transaction, Marjam Supply Co. Inc. purchased a 271,000-square-foot warehouse located at 18000 State Road 9 in Miami’s North Dade submarket. Brian Smith and Audley Bosch of Cushman & Wakefield represented the seller, ProLogis, in the transaction. Steven Medwin, Nick Wigoda and Matt Maciag of JLL represented the buyer. In the second transaction, the JLL team represented ProLogis in the sale of a fully leased, 41,000-square-foot facility inside of the Pan American North Business Park at 11200 N.W. 138th St. in Medley. An institutional investor purchased the asset for an undisclosed price.
MCCOOK, ILL. — Dermody Properties has broken ground on LogistiCenter McCook, a 662,700-square-foot industrial complex located at 1st Ave. and 47th St. in McCook, approximately 11 miles southwest from downtown Chicago. The first of two buildings at the complex will include 351,900 square feet at a clear height of 32 feet with 289 car parking stalls, four drive-in doors and 74 dock positions. Building two will include 310,800 square feet at a clear height of 32 feet with 343 car parking stalls, four drive-in doors and 70 dock positions. The industrial park is located at the four-way interchange of I-55 and 1st Avenue. Dermody Properties is developing the industrial park in partnership with AEW Capital Management.
PACIFIC, MO. — Hilliker Corp. has arranged the $365,000 sale of a 9,000-square-foot office and warehouse space in Pacific, located at 4 Midwest Drive approximately 35 miles southwest of St. Louis. Scott Martin of Hilliker Corp. represented the seller, Howard Selcke. L.T. David Gitt of KW Commercial represented the buyer, Doug and Kelly Shelton. The new owner plans to build a fence around the property and pave its gravel road and parking area. The building was originally constructed as a truck transfer warehouse and terminal. The property, which is located on a two-acre lot, includes five sets of cross-docks and a drive-in area. Approximately 4,000 square feet of the building is designated for office space. MasTec, an infrastructure construction company, will lease the 9,000-square-foot property effective June 15.
NEW YORK CITY — TerraCRG has brokered the $1.9 million sale of an industrial portfolio located at 12-18 Commerce St. in Brooklyn’s Red Hook neighborhood. The 107- by 100-foot irregular lot comprises five buildings with an aggregate of approximately 8,024 above-grade square feet and a shared approximately 966-square-foot courtyard on the interior of the lot. Ofer Cohen, Melissa DiBella, Dan Marks, Peter Matheos and Michael Hernandez of TerraCRG arranged the transaction between two private investors.
HOUSTON — Marcus & Millichap has arranged the sale of a 110,000-square-foot manufacturing facility in Houston. The property is fully leased to Lectrus Corp., an electrical system integrator and custom metal enclosure designer. Ben Tashakorian and Toby Boessen of Marcus & Millichap’s San Diego office represented the seller in the transaction. Timothy Speck of Marcus & Millichap assisted in the transaction.