CUDAHY, WIS. — The Dickman Company Inc./CORFAC International has arranged the sale of a 23,000-square-foot industrial building in Cudahy, a city in metro Milwaukee. The property is located at 5171 S. Pennsylvania Ave. DR Investments LLC purchased the building from Joshua Properties LLC for an undisclosed price. Samuel Dickman Jr. and Samuel D. Dickman of The Dickman Company Inc. represented the seller in the transaction. Travis Tiede of NAI MLG Commercial represented the buyer.
Industrial
NEW YORK CITY — Kalmon Dolgin Affiliates has arranged the sale of 16-18 Decatur Street in the Ridgewood neighborhood of Queens. JHS Acquisitions purchased the 17,000-square-foot property for $2.8 million. The industrial property offers 40-foot ceilings, double interior loading docks and one drive-in door; however, the owner plans to use the space as an art studio. Neil Dolgin and Grant Dolgin of Kalmon Dolgin represented the seller, Midland Realty LLC, in the transaction. Sholom & Zuckerbrot Realty represented the buyer.
ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged a 52,032-square-foot industrial lease in Arlington for recycling company Waste Track Services LLC. The tenant will occupy the first floor of a two-story building that is part of a larger four-building development in the Great Southwest Industrial District. Property owner FPA Division Associates LP will strip the tenant’s space to shell condition and add four new dock doors prior to occupancy. Waste Track Services, which will relocate from nearby Granbury, will also hold rights to half of the second floor of the building. Will Dillard of Bradford Commercial represented the tenant in the lease negotiations.
HOUSTON — NAI Houston has arranged a 17,430-square-foot industrial lease in Houston for McGuire Bearing Co. LLC, a distributor of bearings and power transmission products. The tenant will occupy space at Pine Timbers Distribution Center 2, which is located at 4460 Pine Timbers St. The property is in close proximity to the major thoroughfare of U.S. Route 290. Ed Bane and Jon Michael of NAI Houston represented the unnamed landlord in the negotiations. Brad Beauchamp of Colliers International represented McGuire Bearing Co.
PHOENIX – A 113,827-square-foot industrial/flex building in Phoenix has sold to Verde Investments for $9.4 million. The building is located at 317 S. 48th Street. Verde Investments is owned by Ernie Garcia, owner and Chairman of the Board of Phoenix-based DriveTime Automotive Group. The firm has yet to announce any future plans for the building. Verde was represented by Tom Adelson of CBRE’s Phoenix office and Fred Darche of Lee & Associates. The seller, Second Berkshire Properties, was represented by Mike Haenel, Andy Markham and Will Strong of Cassidy Turley.
BROCKPORT, N.Y. — Philadelphia-based Binswanger, on behalf of Silagi Development & Management, has brokered the lease of a high-bay, distribution facility in Brockport. Situated on 32 acres at 1989 Transit Way, the 265,600-square-foot property will be occupied by Medline Industries. The warehouse and office facility was built in 1989 and expanded in 1999. Jim Panczykowski of Binswanger’s New Haven, Conn., office handled the transaction.
HOUSTON — NAI Houston has arranged a 21,000-square-foot industrial lease in Houston for Halco Lighting Technologies, a manufacturer of lamps and ballasts for commercial, industrial and residential applications. The tenant will occupy Building 3 of the Lone Star business park, located at 6323 Brookhill Drive in the South Inner Loop Industrial submarket. The property features 22-foot clear heights and four dock-high doors. Ed Bane and Jon Michael of NAI Houston represented the unnamed landlord in the negotiations. Jim Arledge of Arledge & Co. represented Halco Lighting Technologies.
PHOENIX — Hanes Companies has leased a 36,381-square-foot distribution facility in Phoenix. The Class B space is located at 4441 W. Polk Street in the Papago Industrial Park. The company plans to use the new facility as a local distribution hub for both Hanes products and its subsidiary, Leggett & Platt. Hanes was represented by Jerry McCormick, John Werstler and Cooper Fratt of CBRE’s Phoenix office. The landlord, Columbia Industrial Properties West LLC, was represented by Amr Ceran of Lincoln Property Company.
CONCORD, N.C. — Trinity Capital Advisors plans to develop a 277,253-square-foot industrial property located at 215 International Drive in Concord. The design team includes architect Merriman Schmitt Architects and general contractor Myers & Chapman. Construction will begin this month and wrap up in December. Terry Brennan of Trinity Partners is handling the marketing and leasing of the Class A, speculative industrial property.
PARSIPPANY, N.J. — JLL has recently completed managing the construction of the Lexus Eastern Area Office and Training Facility at 300 Webro Road in Parsippany for Toyota Motor Sales U.S.A. Inc. The team obtained LEED for Commercial Interiors Platinum certification for the 32,000-square-foot office and warehouse facility, which will serve as a training center for Lexus dealerships throughout the Northeast and Mid-Atlantic regions. This is the first LEED Platinum project for the Lexus area training center program. JLL was retained by Toyota Motor Sales U.S.A. Inc. in September 2012 to provide project management services for the construction of the facility. The company broke ground on the facility in early April 2013. The JLL team overseeing the project management assignment was led by Jerry Sullivan and Eric Brown. LEED certification coordination was led by Dana Schneider and Jasmine Davis.