MILWAUKEE — The Dickman Co. Inc./CORFAC International has arranged the sale of a 37,663-square-foot industrial building located at 6500 W. Calumet Road in Milwaukee. Enterprise Realty Group LLC purchased the building from Anchor Bank fsb. Samuel M. Dickman, Jr. and Samuel D. Dickman of the Dickman Co. Inc. represented the buyer in the transaction. Andy Hess of Colliers International represented the seller.
SADDLEBROOK, N.J. — The Hampshire Cos. has acquired a 200,000-square-foot industrial building located at 301 Mayhill St. in Saddle Brook from Arrow Fastener Co. LLC. The property is located adjacent to the Conrail freight line and also includes additional land for development. Additionally, the building offers easy access to Routes 46 and 17, the New Jersey Turnpike and the Garden State Parkway. Tom Monahan of CBRE represented The Hampshire Cos. in the transaction.
FRISCO, TEXAS — Developer Warrior Creek Realty LLC has broken ground on the a new 190,540-square-foot headquarters in Frisco for Cornerstone Automation Systems LLC (CASI). Located at 10601 Clarence Drive, the property will include office and warehouse space for CASI, a manufacturer of distribution and pharmacy automation systems, as well as an additional 21,000 square feet of office space available for lease to another tenant through Hudson Peters Commercial. The chief tenant will relocate from an 86,000-square-foot space at 10351 Home Road, which is less than a mile away from the new facility.
PEARLAND, TEXAS — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 124,000-square-foot warehouse in the Houston suburb of Pearland. Located at 3702 Knapp Road, the property features 24-foot clear heights and 6,000 square feet of finished office space. David Hummel and Vince Elder of CBCUR represented the seller, GP Assets Inc., in the transaction. Kenneth Li of Century 21 Southwest represented the buyer, Houston Z & L Holding Inc.
CLINTON, CONN. — 30 Old Post LLC has purchased an 11.2-acre industrially zoned site in Clinton for an undisclosed price. Located at 30 Old Post Rd., the site offers active rail freight service and was previously used by Cheeseborough Ponds Company/Unilever. The buyer intends to remove the existing building, which collapsed in 2013. Kevin Geenty and Kristin Geenty of The Geenty Group brokered the transaction for the buyer and seller, Old Post Road Associates LLC. Robert Harrington III of Branford, Conn., and Alan Askinazi of New Jersey provided legal representation for the buyer, while Timothy Yolen of New Haven, Conn., provided legal services for the seller.
OKLAHOMA CITY — Full-service real estate company Binswanger has brokered the sale of a six-building industrial complex totaling 215,290 square feet in Oklahoma City. The structures, located on approximately 15 acres at 3810 N. Tulsa Ave., feature reinforced concrete floors, 23 total loading doors, fluorescent lighting and 38,338 square feet of air-conditioned office space. Situated on the northwest side of the city, the assets are in proximity to I-44, I-40, I-35, I-235, Northwest Expressway and Lake Hefner Parkway, in addition to Will Rogers World Airport. Kipp Collins of Binswanger represented the seller, Franklin Electric Co. Inc., in the transaction. The buyer, Orton Development Inc., plans to market the property for sale or lease to a variety of users.
KANSAS CITY, MO. — Hufft Projects, an architecture and design firm, has purchased a 60,000-square-foot industrial and manufacturing warehouse. MidFirst Bank sold the property, which is located at 3612 Karnes Blvd. in Kansas City, for an undisclosed price. Hufft has made about $1.4 million in improvements in the space with plans for additional improvements to the building and surrounding area. Ben Boyd and Russell Pearson of Lee & Associates Kansas City represented the seller. Roxanne Elliott of Lane4 Property Group Inc. represented the buyer in the transaction.
SOUTH BRUNSWICK, N.J. — L’Occitane en Provence has signed a long-term lease for a Class A warehouse and distribution facility located at 120 Herrod Blvd. in South Brunswick. Forsgate Industrial Partners LP owns the 176,783-square-foot property. Constructed in 1986, the property offers 11,104 square feet of office space, 26-foot ceilings, 16 loading docks and 198 parking spaces. David Knee and Blake Chroman of Jones Lang LaSalle represented the tenant; Catherine Argenio represented the owner in-house.
PORTLAND, ORE. — Clarion Partners, LLC has purchased a 134,000-square-foot distribution warehouse in Portland for an undisclosed sum. The Class A warehouse is located in the Airport Way industrial submarket. It is fully leased.
DALLAS — Developer Billingsley Co. has broken ground on a new 340,000-square-foot warehouse within the Mercer Business Park in Dallas. Designed as a distribution center, the structure will offer highway frontage and excellent visibility. The speculative building will be the first at the development, which is situated at the northwest corner of the interchange of Interstate 635 and Interstate 35 and stretches northward into the adjacent city of Farmers Branch. Billingsley is also planning build-to-suit structures for the 225-acre site.