AUBURN HILLS, MICH. — Colliers International has brokered the sale of a 20,500- square-foot industrial building in Auburn Hills approximately 30 miles north of Detroit. The property is located at 1160 Centre Road. John Lominack of Colliers represented the seller, Knight Industries & Associates Inc., in the transaction. Friedman Integrated Real Estate Solutions represented the buyer, Nobel Automotive Group.
Industrial
FAIR LAWN, N.J. — Suan Farma Inc. has purchased an industrial building at 17-09 Zink Place in Fair Lawn for $2 million. The 20,316-square-foot Class B manufacturing facility was constructed in 1978 and underwent extensive renovations in 2007. The company will relocate to the facility from its current location in Hackensack, N.J. Steven Leitner of New Jersey-based NAI James E. Hanson represented the buyer in the transaction. The seller was not disclosed.
FORT WORTH, TEXAS — Mercer Co. has brokered the sale of a 20,000-square-foot industrial property in Fort Worth. Bargreen Ellingson, a multi-service restaurant supply, design and fabrication company, purchased and will occupy the building. The company will relocate from a smaller Fort Worth location to the new facility, which features 22-foot clear heights and is located at 2450 Handley Ederville Road. Matt Spellman of Mercer Co. represented Bargreen Ellingson in the transaction. Transwestern represented the seller, GPS DFW Holdings LLC.
SUGAR LAND, TEXAS — Boyd Commercial/CORFAC International has arranged a 11,565-square-foot industrial lease in the Houston suburb of Sugar Land for Integrity Measurement & Control Inc., an equipment manufacturer serving the oil and gas industries. The tenant will occupy space within a multi-tenant facility located at 525 Julie Rivers Drive. Bo Pettit of Boyd Commercial/CORFAC International represented the tenant in the negotiations. Jon Michael and Ed Bane of NAI Houston represented the landlord, Reed Road AB Mayfield LLC.
ST. AUGUSTINE, FLA. — NAI Realvest has arranged the $3.5 million sale of a 145,500-square-foot industrial property located at 3200 Parker Drive in St. Augustine. Paul Partyka of NAI Realvest represented the buyer, Panther Ideal Holdings LLC, in the transaction. Gary Marcy of CBRE’s Jacksonville office represented the seller, St. Augustine Holdings LLC. The buyer will be moving its Ideal Aluminum operations to the facility, bringing 90 to 100 jobs to the area.
MINNEAPOLIS AND MILWAUKEE — Brennan Investment Group LLC has acquired a four-property industrial portfolio for $20 million. The portfolio includes three properties in the Minneapolis/St. Paul metropolitan area and one property in Milwaukee. Steve Lysen and Curt Smith of CBRE were the brokers involved in the transaction.
ST. FRANCIS, WIS. — The Dickman Co. Inc./CORFAC International has brokered the sale of two industrial buildings totaling 27,550 square feet in St. Francis, a suburb of Milwaukee. The properties are located at 4160 and 4170 S. Nevada Ave. Mathie Nevada Holdings LLC purchased the properties from Nevada Avenue Properties LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Zach Noble of The Dickman Co. were the brokers in the transaction.
MELVILLE, N.Y. — Rechler Equity Partners has leased space at 10 Hub Drive in Melville to Ferrellgas, a propane supplier. The company will occupy 31,000 square feet of the 95,671-square-foot property, which features 20-foot ceilings and quick access to the Long Island Expressway. The property is part of Rechler’s 13-building Melville portfolio, which totals 1 million square feet of office, R&D, manufacturing and warehouse space. Ted Trias of Rechler Equity Partners provided in-house representation for the ownership in the lease negotiations. Terms of the lease were not disclosed.
HOUSTON — Molto Properties and Generational Commercial Properties will develop a 166,250-square-foot distribution center in north Houston. Located on 19 acres at 431 Airtex Drive, the project will feature 30-foot clear heights and proximity to Beltway 8 and the George Bush International Airport. Mike Taetz, Bill Byrd and Ryan Byrd of Colliers International will market the property upon its completion in the fall. Molto Properties is a privately held industrial real estate firm with approximately 4 million square feet of industrial properties under management. Generational Commercial Properties is a commercial real estate development and project management firm based in Austin.
FORT WORTH, TEXAS — Lee & Associates has arranged a 130,128-square-foot industrial lease in Fort Worth for Universal Nutrients, a manufacturer of sports nutrition supplements. The tenant will occupy the warehouse facility located at 14801 Sovereign Road, which is in close proximity to the DFW International Airport, as well as the major thoroughfares of State Highway 360, State Highway 183 and State Highway 161. The property features 24-foot clear heights, 14 dock-high doors and 20,000 square feet of office space. Trey Ficke and Reid Bassinger of Lee & Associates represented Universal Nutrients in the lease negotiations. The landlord, MLRP 14801 Sovereign LLC, was represented internally by Matthew Smith.