HOUSTON — NAI Houston has arranged the lease of 31,250 square feet of industrial space in Houston for Benthic USA LLC, a provider of offshore marine geotechnical investigation, analysis and design. The property, a warehouse/distribution facility, is part of Hammerly Business Park, which is located at 1805 Brittmoore Road in the northwest submarket. Chris Kugle of NAI represented Benthic in the negotiations. Charlie Christ of Clay Development represented the landlord, the name of which was not disclosed.
PORTLAND, ORE. — Goodwill Industries of Columbia Willamettehas purchased a 173,395-square-foot industrial building in Portland for $12.6 million. The facility is located at 5950 NE 122nd Ave. Goodwill plans to occupy the building. This new hub will allow it to serve the Gresham, Halsey, Sandy, Powell, Clackamas, Woodstock, Hood River and The Dalles Goodwill stores. The building was previously occupied by Qwest. Goodwill was represented by David L. Ellis of Capacity Commercial Group/CORFACand Dan Bozich of Urban Works Real Estate.The seller, 5950 NE 122nd Ave, LLC, was represented by Don Ossey, Robbie McEachern and Mitch Page, also of Capacity/CORFAC.
NORWOOD, N.J. — RainMen USA Inc., a manufacturer and importer of high-quality umbrellas, has signed a long-term lease for more than 52,000 square feet at an industrial complex in Norwood. The manufacturer is relocating its headquarters from Northvale and is increasing its footprint by 15,000 square feet. Mitch Helfman of MRH Real Estate Services represented the property’s owner, Alfred Sanzari Enterprises, in the transaction. Hal Lichtenstein of Cassidy Turley represented the RainMen USA.
ADDISON, TEXAS — Powell Realty Advisors has brokered the sale of Airport Plaza, a 30,660-square-foot property with multi-tenant flex space near Addison Airport, approximately 15 miles north of downtown Dallas. The building, which was 73 percent leased at the time of closing, features bay depths of 50 and 60 feet, grade-level rear doors and 14-foot clear heights. Located at 4500 Ratliff Lane, the property allows for easy access to both Addison Road and Dallas North Tollway. Robert Powell of Powell Realty Advisors represented the buyer, 3MN LLC, in the transaction. Dan Avnery of Retail Realty represented the seller, Indus Partners.
DORAL, FLA. — Jones Lang LaSalle has completed three industrial property sales totaling 60,000 square feet in the Doral submarket of Miami. The sales price for the three acquisitions totaled $8 million. Steven Medwin and Nick Wigoda of JLL represented Smile Market, a cameras and accessories company, in its $2.4 million acquisition of an 18,500-square-foot warehouse at 3381-3389 N.W. 97th Ave. Kaizen Realty represented the seller, Chesapeake Bay International Inc., in the transaction. JLL also represented Vaxtronic LLC in its $2.3 million purchase of an 18,753-square-foot warehouse at 2150 N.W. 102 Place. Vivo Realty represented the seller, MJMB Enterprises Inc., in the transaction. Medwin, Wigoda and JLL's Matt Maciag also represented Americatel Inc. in its $3.3 million sale of a 21,000-square-foot office/flex building at 4045 N.W. 97th Ave. The buyer was Florida City Gas.
BEDFORD PARK, ILL. — Bedford Industrial Center LLC has sold a 30-acre industrial site in metro Chicago to the city of Bedford Park and Reavis High School. The purchase price was undisclosed. The site formerly housed a multi-story industrial complex that was demolished by the previous owners three years ago. Located south of Midway Airport at 5401 W. 65th St. in Bedford Park, the site is in proximity to Central and Cicero avenues and I-55. Larry Much and Mark Moran, both executive vice presidents with NAI Hiffman’s industrial services group, represented the buyer and the seller in the transaction.
MILWAUKEE — FedEx Ground Package System Inc. has signed a lease for 58,500 square feet of industrial space at 5110 S. 6th St. in Milwaukee. Samuel M. Dickman Jr. and Samuel D. Dickman represented the landlord, CJF2 LLC, and FedEx in the transaction.
EAST HANOVER, N.J. — Terreno Realty Corp. has acquired an industrial property located in East Hanover for $20 million. The estimated stabilized cap rate of the property is 7.4 percent. The property includes three multi-tenant industrial buildings totaling 167,000 square feet. The buildings are located on Melanie Lane and are approximately 94 percent leased to 37 tenants.
ATLANTA — Colliers International has arranged $80.9 million in financing for a portfolio of 31 industrial properties in metro Atlanta. The 3.1 million-square-foot portfolio is 91 percent leased. Hank Hall and Kevin Troy of Colliers International's Atlanta office arranged the non-recourse, floating rate loan on behalf of Clarion Partners. Prudential Insurance Co. of America provided the loan.
NORTH AURORA, ILL. — USAA Real Estate Co. has acquired 32 acres in suburban Chicago and has contracted The Opus Group to develop, design and construct a 604,565-square-foot speculative industrial building. USAA Real Estate Co. will own the building. The speculative building will be located in proximity to I-88 in North Aurora. The building will feature 32-foot clear ceiling heights, 60 docks, 103 trailer parking spaces, office space and future expansion capabilities to 1 million square feet. Construction is slated to begin in early October, with completion scheduled for June 2014. Opus Design Build LLC will construct the building, and Opus AE Group LLC will serve as project architect. Opus also purchased an adjacent 25-acre parcel, which is available for build-to-suit opportunities or building expansion. Brendan Kelly of Avison Young represented USAA in the land transaction.