MCCOOK, ILL. — Dermody Properties has broken ground on LogistiCenter McCook, a 662,700-square-foot industrial complex located at 1st Ave. and 47th St. in McCook, approximately 11 miles southwest from downtown Chicago. The first of two buildings at the complex will include 351,900 square feet at a clear height of 32 feet with 289 car parking stalls, four drive-in doors and 74 dock positions. Building two will include 310,800 square feet at a clear height of 32 feet with 343 car parking stalls, four drive-in doors and 70 dock positions. The industrial park is located at the four-way interchange of I-55 and 1st Avenue. Dermody Properties is developing the industrial park in partnership with AEW Capital Management.
Industrial
PACIFIC, MO. — Hilliker Corp. has arranged the $365,000 sale of a 9,000-square-foot office and warehouse space in Pacific, located at 4 Midwest Drive approximately 35 miles southwest of St. Louis. Scott Martin of Hilliker Corp. represented the seller, Howard Selcke. L.T. David Gitt of KW Commercial represented the buyer, Doug and Kelly Shelton. The new owner plans to build a fence around the property and pave its gravel road and parking area. The building was originally constructed as a truck transfer warehouse and terminal. The property, which is located on a two-acre lot, includes five sets of cross-docks and a drive-in area. Approximately 4,000 square feet of the building is designated for office space. MasTec, an infrastructure construction company, will lease the 9,000-square-foot property effective June 15.
NEW YORK CITY — TerraCRG has brokered the $1.9 million sale of an industrial portfolio located at 12-18 Commerce St. in Brooklyn’s Red Hook neighborhood. The 107- by 100-foot irregular lot comprises five buildings with an aggregate of approximately 8,024 above-grade square feet and a shared approximately 966-square-foot courtyard on the interior of the lot. Ofer Cohen, Melissa DiBella, Dan Marks, Peter Matheos and Michael Hernandez of TerraCRG arranged the transaction between two private investors.
HOUSTON — Marcus & Millichap has arranged the sale of a 110,000-square-foot manufacturing facility in Houston. The property is fully leased to Lectrus Corp., an electrical system integrator and custom metal enclosure designer. Ben Tashakorian and Toby Boessen of Marcus & Millichap’s San Diego office represented the seller in the transaction. Timothy Speck of Marcus & Millichap assisted in the transaction.
IRVING, TEXAS — Hold-Thyssen has arranged the sale of a 106,500-square-foot research and development facility at 8600 N. Royal Lane in the Irving suburb of Dallas. The property is located in Freeport Business Park north of the Dallas-Fort Worth International Airport. The facility was fully leased at the time of the sale, with Siemens Real Estate occupying roughly 63 percent of the property. Richard Fisher of Hold-Thyssen represented the seller, a German-based real estate owner. Austin-based Goldstar Investments Ltd. purchased the asset for an undisclosed price.
POMPANO BEACH, FLA. — CBRE has arranged the sale of a fully leased, 285,000-square-foot FedEx Ground distribution center located at 2700 N.W. 25th St. in Pompano Beach. Christian Lee, Chris Riley, Brian Budnick, Compie Newman, Jose Antonio Lobon and Tom O’Loughlin represented the seller, Charlotte-based Ft. Lauderdale BTS LLC, in the transaction. TIAA-CREF purchased the asset, which features 30-foot clear heights, 90- to 160-foot deep truck courtyards, a conveyer system, trailer storage parking and a fully fenced perimeter.
CLEARWATER, FLA. — Stan Johnson Co. has brokered the sale of a 113,040-square-foot Sun Microstamping Technologies manufacturing facility in Clearwater for $8.7 million. Sun Microstamping provides metal stamping, injection molding and insert molding for the automotive sector. Camille Renshaw and John Rotunno of Stan Johnson’s New York office represented the seller, an investment fund, and the buyer, STORE Capital.
BROOKLYN PARK, MINN. — WaterStone Bank has provided a $2.1 million CMBS loan to Pettibone Properties 5 LLC. The loan will refinance a 74,641-square-foot, multi-tenant industrial building in Brooklyn Park, a northwest suburb of Minneapolis. Paul Muldoon and Peter Austin of WaterStone’s Minneapolis branch originated the loan for the borrower.
SKANEATELES, N.Y. — Tessy Plastics has acquired a 112,644-square-foot manufacturing and office building in Skaneateles. Situated on 31.1 acres at 700 Visions Dr., the modern, high-tech facility was built in 2002. The buyer plans to construct approximately 50,000 square feet of clean room manufacturing space, which will be used to produce minimally invasive surgical devices. The property was purchased from Hand Held Products, which will be leasing back approximately 32,000 square feet of office space. Jim Panczykowski of Binswanger’s New Haven, Conn., office handled the transaction. The purchase price was not disclosed.
HOUSTON — Marcus & Millichap has brokered the sale of a 110,000-square-foot industrial property in Houston. The manufacturing facility is located on more than 35 acres, in close proximity to I-45 and the George Bush International Airport. Lectrus Corp., an electrical system integrator and designer of custom metal enclosures, fully leases the building on a triple-net basis. Ben Tashakorian and Toby Boessen of Marcus & Millichap marketed the property on behalf of the unnamed seller. Timothy Speck, also of Marcus & Millichap, assisted in the transaction.