MUNSTER, IND. — Paine/Wetzel TCN Worldwide has arranged the lease of a 56,800-square-foot space at 9200 Calumet Ave. in Munster. AM Manufacturing Co. will occupy space in the Munster Lake Business Center. AM Manufacturing makes equipment for the pizza, tortilla, bagel and baking industries. The company is expanding its facilities and relocating from Dolton, Ill. Ed Wabick of Paine/Wetzel TCN Worldwide arranged the lease for the landlord, Munster Development LLC.
Industrial
INDIANAPOLIS — Brennan Investment Group LLC has acquired Jackson Industrial Park in Indianapolis. The portfolio consists of four multi-tenant, light-industrial facilities totaling approximately 260,400 square feet. Brennan Investment Group successfully utilized crowdfunding with Realty Mogul to complete the purchase. The property is 77 percent occupied.
PHOENIX — First Commons at West 10, a 99,528-square-foot industrial complex in Phoenix, has sold to Enright Capital for $6 million. The building is located at 4625 and 4635 W. McDowell Road. It was built in 2002. The property was 60 percent leased at the time of sale. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley represented both the buyer and seller, MDI Capital, in this transaction.
ONTARIO, CALIF. — Guthrie Development Company and its private equity partner have acquired Airport Distribution Center, a 221,171-square-foot industrial park in Ontario, for a reported $20.2 million. The center is located at 1500, 1550, and 1590 Milliken Ave. The park contains three buildings and 30 units. The Class A space is 93 percent leased. The seller, Panattoni Development Company, was represented by CBRE’s Barbara Emmons, Darla Longo and Michael Kendall.
CHICAGO, SKOKIE AND DES PLAINES, ILL. — The Missner Group has arranged three industrial leases in Chicago, Skokie and Des Plaines, Ill. In Chicago transaction, FHC Marketing leased 33,817 square feet of industrial space within 4711 N. Lamon Ave. FHC specializes in point-of-purchase marketing by designing and producing custom store fixtures, POP displays, merchandisers, sign holders and graphics. In the Skokie transaction, Conya Global renewed its 4,000 square foot space at 5520 W. Touhy Ave. The company is a wholesale supplier and designer of quality urban women's clothing. In the Des Plaines transaction, Cleanse Culture Inc. leased a 5,646-square-foot industrial space at 500 E. Touhy Ave. Cleanse Culture provides 100 percent organic, vegan, gluten-free, raw, cold-pressed?juices, smoothies, raw food and cleanses. June McCrory of The Missner Group, which owns each of the properties, represented management in the lease negotiations.
IRVING, TEXAS — Houston-based NDLI Inc. has leased a 46,251-square-foot space within the Tristar Distribution Center in the Dallas/Fort Worth Airport/Freeport submarket. The firm is expanding and relocating its logistics hub in metro Dallas. NDLI will gain about 20,000 square feet of additional space when it relocates from Carrollton to 8101 Tristar Drive in Irving. With the lease, the 137,237-square-foot Tristar Distribution Center reaches 100 percent occupancy. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant. Canon Shoults of Holt Lunsford Commercial represented the landlord.
MT. LAUREL, N.J. — Horizon Services, a plumbing and HVAC company, has acquired a 63,000-square-foot industrial building, located at 17 Roland Ave. in Mt. Laurel. Color Graphics Inc. sold the property for an undisclosed price. Situated on four acres, the property features 16-foot ceilings, six tailgates, one drive-in and 6,000 square feet of office space. Scott Mertz of NAI Mertz represented the seller in the transaction.
UNION, N.J. — Bussel Realty Corp. (BRC), a New Jersey-based corporate and industrial real estate services firm, has signed Manhattan Trading for a lease at 1111 Springfield Road in Union. Manhattan Trading will occupy 18,000 square feet of the 57,000-square-foot industrial building, which features 12-foot ceiling heights, four tailboards, two drive-ins, 200 amps of power and a wet sprinkler system. James Hodgkins of BRC negotiated the transaction and represented the owner.
DALLAS — Lewisville, Texas-based HOYA Vision Care has signed a 101,817-square-foot lease at Trade Center IV, located at 755 Regent Blvd. in Dallas. The firm will move into the space in October to commence distribution of its optical lens products. Steve Trese of CBRE represented the landlord, LIT-RPC Trade Center IV LLC, a joint venture of Trammell Crow Co., Clarion Partners and Rosewood Property Co. Mark Miller and Tyson Ersin of NAI Robert Lynn Co. represented the tenant.
MESA, ARIZ. — Superstition Springs Business Park, a 101,411-square-foot flex industrial park in Mesa, has sold to Allred Hampton DE for $13.9 million. The park is located at 7307 and 7427 E. Hampton Ave. It was 91.5 percent leased at the time of sale. Allred Hampton was represented by Stein Koss and Tom Louer of Lee & Associates Arizona. The seller, Hampton/Mesa, was represented by Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick of the same firm.