SUN PRAIRIE, WIS. — Colony Brands Inc. has signed a 427,000-square-foot, long-term lease at Sun Prairie Business Park in suburban Madison. Colony will fully occupy the industrial property, which includes 17,100 square of office space on two levels and 31 loading docks. The property is located at 1615 Commerce Drive in Sun Prairie. Scott Furmanski, first vice president, and Chase Brieman, vice president at CBRE, represented the building’s owner, STAG Industrial Inc., in the transaction.Colony Brands, formerly known as The Swiss Colony Inc., is a provider of cheese and food gifts, holiday collectibles, apparel accessories and more.
HOPKINTON, MASS. — Colliers International has arranged a $5.6 million loan for the refinancing of a 69,000-square-foot flex building in Hopkinton, a western suburb of Boston. Colliers worked on behalf of the borrower, BCC Property I LLC, to refinance the maturing loan on the single-story building with a 10-year, fixed-rate loan through Northway Bank. Situated on seven acres, the fully leased property was last renovated in 2002. Ryan Bradley and Brian Gaswirth of the Boston office of Colliers’ capital markets group arranged the loan.
PHOENIX — Mountain Vista Commerce Center in Phoenix has sold to Aspen Capital Partners for $11.3 million. The three-building, 134,713-square-foot industrial complex is located at 14647 S. 50th Street. It was built in 1999 and was 93 percent leased at the time of sale. Dan Calihan, Pat Feeney, Joe Porter and Rusty Kennedy of CBRE’s Phoenix office represented both the buyer and the seller, BSP Mountain Vista LLC, in this transaction.
FAIRFIELD, CALIF. – A 60,000-square-foot warehouse/distribution facility in Fairfield has sold to DBI Properties for an undisclosed sum. The building is located at 2449 S. Watney Way. DBI Properties is the real estate entity of DBI Beverage, Inc., a national beer distributor. The company plans to use this location for distribution. It was represented by Tim Schmid and Trevor Buck of Cassidy Turley. The seller, Watney D&S, was represented by Matt Bracco, Glen Dowling and Chris Neeb of Cushman & Wakefield’s Marin/North Bay & Walnut Creek offices.
LAS VEGAS – The $43-million expansion of the United Brotherhood of Carpenters (UBC) and Joiners of America International Training Center has been completed in Las Vegas. The facility now includes a 220,000-square-foot building that will provide a variety of training resources for UBC members. The new facility includes shop space, more than 30 classrooms, two large meeting halls, and a display area and museum. The center now boasts a total of 365,000 square feet. The center’s expansion began in September 2012. An opening ceremony is scheduled for early next year. Construction was completed by the PENTA Building Group. Many UBC members, who were trained by the Carpenters International Training Fund, contributed to this project. The center provides in-depth training to regional instructors and union members in the U.S. and Canada. The United Brotherhood of Carpenters contains nearly 500,000 members and more than 200 training centers across North America. The facility originally opened in 2001.
GREENVILLE, S.C. — Reading, Pa.-based Sweet Street Desserts Inc. has purchased a 120,000-square-foot property at 1916 Piedmont Highway in Greenville. The building, a former Sara Lee facility, will be Sweet Street’s new manufacturing facility. The gourmet dessert maker expects to begin operations from its new facility beginning in summer 2014. The new property is expected to generate 80 new jobs in the next several years.
BOSTON — EagleBridge Capital has arranged $1.6 million in financing for 61-83 Braintree St. in the Brighton section of Boston on behalf of 6183 Associates. The 20,000-square-foot, two-story industrial building is located on a 30,500-square-foot parcel bordering the Massachusetts Turnpike. The building is triple-net leased to Thompson Durkee, which sells plumbing, heating and cooling equipment and supplies for home and industrial use. Brian Sheehan and Ted Sidel, principals at EagleBridge, arranged the financing
HASLET, TEXAS — Bentall Kennedy has acquired a 1.1 million-square-foot distribution center in the Fort Worth suburb of Haslet. The facility, fully leased by Amazon.com for the next 15 years, is located within the 18,000-acre, master-planned AllianceTexas. Hillwood Development Co. sold the property on behalf of an institutional investor. Features include proximity to Westport Parkway, high clear-height ceilings and a high parking ratio.
LAS VEGAS – The $43-million expansion of the United Brotherhood of Carpenters (UBC) and Joiners of America International Training Center has been completed in Las Vegas. The facility now includes a 220,000-square-foot building that will provide a variety of training resources for UBC members. The new facility includes shop space, more than 30 classrooms, two large meeting halls, and a display area and museum. The center now boasts a total of 365,000 square feet. The center’s expansion began in September 2012. An opening ceremony is scheduled for early next year. Construction was completed by the PENTA Building Group. Many UBC members, who were trained by the Carpenters International Training Fund, contributed to this project. The center provides in-depth training to regional instructors and union members in the U.S. and Canada. The United Brotherhood of Carpenters contains nearly 500,000 members and more than 200 training centers across North America. The facility originally opened in 2001.
SHREVEPORT, LA. — Toledo, Ohio-based Libbey Inc., a glass tableware manufacturer, has plans to invest $20 million in the firm’s manufacturing site in Shreveport. The investment is expected to generate 70 new direct jobs and 70 indirect jobs, according to Louisiana Economic Development. The investment is expected to focus on glassmaking research and development. Libbey will also retail 511 existing jobs in Shreveport.