WHITSETT, N.C. — Charlotte-based Beacon Partners has purchased a 520,000-square-foot, fully leased distribution center in Whitsett, about seven miles from Greensboro. The property is located at 6550 Judge Adams Road, within Rock Creek Center. The distribution center sits on a 30-acre parcel located less than one mile from I-85 and with immediate proximity to the I-40 and I-85 interchange. The property features 28-foot clear heights, a truck court with dock-high and drive-in loading and a ESFR sprinkler system. Beacon Partners’ industrial portfolio in the Carolinas spans 5.5 million square feet. Gregg Copps and Lawrence Shaw of Colliers International represented Beacon Partners in the transaction. Dodson Schenck and Greg Wilson of CBRE represented the seller.
Industrial
ALSIP, ILL. — Sperry Van Ness has arranged the $1.1 million sale of a 42,500-square-foot industrial building in Alsip, a southern suburb of Chicago. The building is located at 4101 W. 124th Place. The Shred Authority, a professional paper shredding service, purchased the property, which had been vacant for three years. Beverly Hayes of Sperry Van Ness represented the buyer. Robert Barr of Strategic Advisors represented the seller, Praxair Surface Technologies Ltd.
NEW HAVEN, CONN. — C. Cowles & Co. has acquired a manufacturing/warehouse facility located at 100 Kenna Dr. in North Haven from The Freedom Group Family of Companies for an undisclosed price. Situated on 23.5 acres, the 226,000-square-foot warehouse/manufacturing property offers 206,000 square feet of manufacturing space and 20,000 square feet of office space. Built in the 1960s, the facility also features 18-foot clear ceiling heights, 40- by 40-foot column spacing and a wide-open floor plan. The buyer, a precision metal stamping company, plans to consolidate two business units in one facility. Jim Panczykowski of Binswanger’s New Haven office handled the transaction.
SOUTH BRUNSWICK, N.J. — Colonna Brothers Inc. has acquired 319 Ridge Road in South Brunswick for an undisclosed price. The 121,361-square-foot industrial facility features sections of 20- to 30-foot high ceilings, 42- by 42-foot column spacing, 17 tailboards and one drive-in. Mark Tannen of United Realty Advisors represented the buyer, while Robert Sager and David Blitt of Bussel Realty Corp. represented the seller, 319 Ridge Road Associates LLC, in the transaction.
NORTH BERGEN AND PARSIPPANY, N.J. — Cushman & Wakefield has brokered deals to facilitate the relocation of Hudson News Distributors from North Bergen to Parsippany. Bergen Logistics purchased Hudson News’ 23-acre, 475,000-square-foot headquarters located at 5903 Westside Ave. in North Bergen for an undisclosed price. In conjunction with the disposition, Cushman & Wakefield arranged the lease of 701 Jefferson Road in Parsippany for Hudson News. The company will use the 135,000-square-foot former Coca-Cola distribution facility as its new headquarters. Scott Perkins of NAI James E. Hanson represented the landlord, Jofra Realty, in the lease transaction. Bonni Heller, Richard Baumstein, Andrew Merin and Gary Gabriel of Cushman & Wakefield represented Hudson News in the transactions.
FARMERS BRANCH, TEXAS — Cassidy Turley has arranged a 30,000-square-foot industrial lease in the Dallas/Fort Worth suburb for PIRCH Inc., a provider of kitchen, bath, laundry and homeware products. The tenant will occupy distribution center space at 4521 Simonton Road, in proximity to the NorthPark Mall project, which is the future site of a PIRCH showroom. The warehouse facility, situated near the interchange of I-635 and the Dallas North Tollway, features 2,000 square feet of office space and four dock-high doors. Blake Anderson, David Eseke and Tom van Betten of Cassidy Turley represented PIRCH in the negotiations. Peter Yates of Lincoln Property Co. represented the landlord, The Realty Associates Fund.
HOUSTON — NAI Houston has brokered the sale of a 14,000-square-foot industrial building in Houston. The facility is located on a 1.6-acre parcel at 3741 Trailmobile Drive, in proximity to I-610. Chris Caudill of NAI Houston represented the seller, Patrick Walton, in the transaction. Reese Brown of Miramont Interests LC represented the buyer, Phillip Collins.
ST. LOUIS — Cushman & Wakefield | Gateway Commercial has arranged the lease of a 32,445-square-foot industrial building in St. Louis for Fitz’s Root Beer. The bottling company will occupy space at 6135 Horton Place. Pat Reilly and Dan Bamberger of Cushman & Wakefield | Gateway Commercial represented Fitz’s in the transaction. Hilliker Corp. represented the landlord, JGDD Horton LLC.
WOODBRIDGE, N.J. — HFF has arranged $27.2 million in construction financing for the development of a build-to-suit industrial property in Woodbridge. Situated on 9.33 acres at 275 Blair Road, the 190,000-square-foot refrigerated warehouse and distribution facility will be fully occupied by Preferred Freezer Services, a freezer warehouse operator. Wells Fargo provided the 24-month loan for the borrower, a joint venture between Advance Realty and F. Greek Development. Jim Cadranell, Jon Mikula and Michael Lachs of HFF secured the construction loan for the borrower.
SOUTH BRUNSWICK, N.J. — Bussel Realty Corp. (BRC) has brokered the acquisition of 138 Georges Road in South Brunswick. New York City-based Modway East End Imports purchased the 102,108-square-foot industrial facility for an undisclosed price from LIT Industrial LP, a Clarion Partners affiliate. Situated on 19 acres, the warehouse features 25-foot ceilings, 40- by 50-foot column spacing, eight loading docks and one drive-in door, as well as 2,108 square feet of office space. David Posner, Robert Sager and David Blitt of BRC represented the buyer; Nate Demetsky of JLL represented the seller in the transaction.