EL PASO, TEXAS — Henry S. Miller Brokerage has arranged the sale of an 18,750-square-foot industrial property in El Paso. Built in 2006, the warehouse facility features 1,320 square feet of office space, metal construction, two dock-high doors and heavy three-phase power. Local businessman Jesus Velasquez purchased the property from Wells Fargo Bank NA. Tom Grunnah and Rick Stoes of Henry S. Miller represented the seller in the transaction. Jose Loya of Exit West Realty represented the buyer, who will use the property as a distribution center.
Industrial
ADDISON, TEXAS — Holt Lunsford Commercial has arranged a 9,403-square-foot flex space lease in the northern Dallas suburb of Addison. The larger property, Addison Tech Center, is located at 4505 Excel Parkway, in close proximity to Addison Airport, Dallas North Tollway and President George Bush Turnpike. Josh Barnes and Lauren Halstedt with Holt Lunsford represented the landlord in the negotiations. Mike Gravitt of Mike Gravitt & Co. represented the tenant.
FOUNTAIN INN, S.C. — Cushman & Wakefield | Thalhimer has arranged a lease renewal of 168,087 square feet at 111 Southchase Blvd. in Fountain Inn, about 20 miles southwest of Greenville, S.C. Charles Whitmire, Brian Young and Chris Norvell of Cushman & Wakefield | Thalhimer represented the tenant, Caterpillar Inc., in the lease deal.
CHICAGO — NelsonHill has arranged the sale of three properties on the north side of Chicago totaling $5.3 million. Intrinsic Charter School has purchased the former Shannon Lumber facility at 4540 W. Belmont Ave. The property features a 40,000-square-foot lumber shed and wholesale building situated on 2.3 acres. Shannon Lumber was the owner and operator for 72 years before liquidating the business and listing the property for sale with NelsonHill. Marino Dodge purchased the remaining Gateway Chevy portfolio at 5349-5389 N. Milwaukee Ave. The property consists of two showroom buildings and spans 21,400 square feet. Mark Nelson and Michael Nelson, principals at NelsonHill represented the ownership in the transaction. Duray Electric sold its building at 2050 W. Balmoral Ave. in Chicago. The 57,000-square-foot building features 16- to 24-foot clear ceiling heights with parking. Frank Melchert, senior vice president with NelsonHill, represented the buyer, a private local investor, and the seller in the transaction.
OMAHA, NEB. — Q10 | Daisley Ruff Financial has arranged $3.3 million in financing for the acquisition of a 117,700-square-foot, 480-unit storage and industrial facility in Omaha. The borrower, Jasper Stone Cherry Hills LLC, received a non-recourse, 15-year loan that includes a fixed interest rate and a 25-year amortization schedule. Bob Chalupa, senior vice president of Q10 | Daisley Ruff Financial, arranged the financing through a correspondent lender.
OVERLAND, MO. — Front Row Produce has purchased a 53,000-square-foot building in Overland, a northwest suburb of St. Louis, for $2.5 million. The St. Louis-based produce distributor will move to its new building at 162 Belt Way Drive in March. Front Row Produce plans to invest $500,000 in renovations for office space, cooler walls and racking systems. Scott Martin of Hilliker Corp. represented the buyer and the seller, Ken-Yatta LLC, in the transaction. The company, which sells to both foodservice distributors and retail stores, was previously located at 2427 N. Ninth St. in a 23,000-square-foot building.
HOUSTON — Finial Group has purchased a nine-acre tract at the intersection of Kieth Harrow Boulevard and Barker Cypress Road for the construction of Bear Creek Industrial Park, a 60,000-square-foot speculative development. The complex, which will include two 30,000-square-foot, crane-capable buildings, will feature outside storage. Each structure will be offered for sale or lease. The first building is scheduled to break ground this month and will be ready for occupancy in May.
CONWAY, S.C. — Calkain Cos. has closed on the sale of two industrial properties located in Conway, part of the Myrtle Beach MSA. The properties’ tenants include homebuilder suppliers Pro-Build and Builders FirstSource. Calkain Cos. represented the sellers of both properties.
CHICAGO AND LYONS, ILL. — Bridge Development Partners LLC has arranged two leases totaling more than 100,000 square feet at cold storage facilities in Chicago and Lyons. Bridge completed a new 59,121-square-foot lease with Miami-based Quirch Foods Inc. at 8424 W. 47th St. in Lyons, and separately, at another cold storage facility at 2658 S. Leavitt St. in Chicago, the firm renewed tenant Alpha Baking Co. in a 10-year, 53,644-square-foot lease.New tenant Quirch, established in 1967, is a distributor, importer and exporter of food products to the food retail and food service industries and will open its first Midwest location at the 314,000-square-foot cold storage facility.In the new lease, Quirch was represented by Scott Duerkop and Conor Mullady of Jones Lang LaSalle, while the ownership was represented by Steve Connolly and Larry Much of NAI Hiffman. Dennis Salinas of Lowenbaum REP represented Alpha in the lease renewal.
HOUSTON — NAI Houston has brokered the sale of a 67,000-square-foot industrial property in northwest Houston to Leeco Steel, a plate steel distributor. Situated on seven acres of land at 8655 Golden Spike Road, the crane-served facility offers rail service capabilities and a build-out configuration. Clay Pritchett of NAI Houston represented the buyer in the transaction. John Ferruzzo and Michael Keegan, also of NAI Houston, represented the seller, 8655 Golden Spike LLC.