LAS VEGAS – A 46,691-square-foot industrial building in Las Vegas has sold to Roberts Ranch Venture, LP for $4.5 million. The building is located at 6425 Montessouri Street. Cathy Jones of Sun Commercial Real Estate represented the seller, CPI TWO, LLC, along with three partners, in this transaction.
Industrial
MASON CITY, IOWA — Lee & Associates has arranged the $10.1 million sale of a Kraft Foods Jell-O distribution facility in Mason City, a city in northern Iowa. Ryan Barr and Ryan Bennett of Lee & Associates represented both the seller, Mason City DST, and the buyer, Store Capital Acquisitions LLC, in the transaction. The property is situated adjacent to the Kraft Foods manufacturing plant, which produces the nation’s entire supply of refrigerated ready-to-eat Jell-O and Jell-O pudding snacks. The 112,066-square-foot, temperature-controlled property is a mission-critical facility for the food brand, which currently has five years remaining on its double-net lease.
ELK GROVE VILLAGE, ILL. — First Industrial Realty Trust Inc. has sold 1850 Touhy Avenue, a 169,000-square-foot industrial property in suburban Chicago, to BK Equities. The property is located southeast of the Route 83 and Landmeier Road intersection in Elk Grove Village. Eric Tresslar, executive vice president, Joe Bronson, vice president, and Kyle Barrett, associate with NAI Hiffman’s industrial services group, represented First Industrial in the transaction. Matthew Stauber of Colliers represented the buyer, BK Equities.
BOSTON — Growing freight shipping and delivery services firm Skema Courier Inc., has leased 13,947 square feet of warehouse and office space at 370 McClellan Highway in East Boston. Richard McKinnon, director of brokerage services for The Grossman Cos. Inc., represented the owner, 370 McClellan Highway LLC, in the transaction. Steve Nohrden, vice president of Burgess Properties, represented the tenant. Skema relocated from its long-time Chelsea facility to take up residence at one of the closest air freight facilities to Boston’s Logan International Airport.
CYPRESS, CALIF. — Stockbridge has purchased the Cypress Distribution Center, a 543,431-square-foot industrial project, for $60 million. The Class A center is located at 6550 Katella Ave. and 11130 Holder Street in the Orange County suburb of Cypress. The project contains two buildings that are separately parceled. Notable tenants include Empire Warehousing, ILAD, VF Outdoor, Inc. (Vans) and Integrated Alarm Services. CBRE’s Kevin Shannon, Darla Long and Barbara Emmons represented the seller, Colony Realty Partners, alongside Cushman & Wakefield’s Rick Ellison and Tom Sheets.
CAROL STREAM, ILL. — COM2 Computer Recycling Solutions has signed a 207,758-square-foot industrial lease at 500 Kehoe Blvd. in Carol Stream, located about 45 miles west of Chicago. The four-year lease expands COM2’s Carol Stream footprint and provides the company with space for continued growth.COM2, headquartered in Carol Stream, is a provider of comprehensive electronics recycling solutions that partners with customers and communities to reduce electronics waste. John Whitehead of NAI Hiffman represented COM2 in the transaction. John Cash, executive vice president, and David Haigh, vice president also with NAI Hiffman, represented the owner, 500 Kehoe LLC.
EAST HARTFORD, CONN. — New Boston Fund has sold 71 George Street, a 53,000-square-foot industrial and office facility located in East Hartford to Nixon Uniform Services.The building includes 8,000 square feet of office space and 45,000 square feet of 28-foot clear warehouse space. The building also features five loading docks, two drive-in doors and 51 parking spaces. Mark Duclos, president of Sentry Commercial, represented New Boston in the transaction. Christopher Metcalfe, first vice president at CBRE, represented the buyer.
EDISON, N.J. — Sitar Co. has arranged the sale of a 332,000-square-foot industrial building in Edison to 45 Brunswick Ave LLC for an undisclosed price. NJIND Brunswick, Avenue LLC previously owned the property, which is located at 45 Brunswick Ave. Built in 1974, the building features 25-foot ceilings and 34 loading positions and is situated on 14.8 acres. Tom Monte and Bill Sitar Jr. brokered the deal.
HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 57,719-square-foot industrial building in Houston. The single-story warehouse is located at 6501 Goforth St., in proximity to the interchange of I-610 and State Highway 288. Robert Bain of CBCUR represented the seller, the Stevens family, in the transaction.
MORRISVILLE, N.C. — Cushman & Wakefield | Thalhimer has brokered the sale of a 580,326-square-foot distribution facility located at 900 Aviation Industrial Center in Morrisville, near the Raleigh-Durham International Airport. Ares Management purchased the facility from Pearlmark Real Estate Partners for an undisclosed price. Chris Norvell and Scot Humphrey of Cushman & Wakefield | Thalhimer represented Pearlmark in the transaction. The property was 93 percent leased at the time of sale.