CARTERET, N.J. — The Hampshire Co. has purchased 700 Blair Road, a 234,325-square-foot, single-tenant industrial building in Carteret, located about 15 miles south of Newark, for more than $10 million. Berjé Inc., a global distributor of essential oils and aromatic chemicals, fully occupies the property, which serves as its corporate headquarters. Michael Nachamkin, Jose Cruz, Kevin O’Hearn and Marc Duval led the HFF team representing the seller, GP 700 Blair Road LLC, and the buyer.
FREEPORT, TEXAS — Brennan Investment Group LLC, a private real estate investment firm, has acquired the 46,401-square-foot industrial property at 6711 Freeway 332 in Freeport. Dow Chemical occupies the building. Tom Lynch and Paul Segreto of CBRE represented the seller in the transaction. Brennan is actively pursuing similar industrial assets in Los Angeles, Florida, Washington, D.C., New Jersey, Atlanta and the Midwest in addition to Texas.
HOUSTON — Holt Lunsford Commercial has arranged a lease renewal for the 369,772-square-foot Houston home of United DC Inc. The industrial facility, located at 8921-8933 and 8937-8947 Market St., is in close proximity to the interchange of Interstate 10 and Interstate 610, approximately 7 miles east of downtown. Jason Dillee and John Kruse of Holt Lunsford represented the landlord, The Realty Associates Fund IX LP, in the negotiations. United DC is the warehousing arm of packaging business United Companies.
DALLAS — Cushman & Wakefield has arranged the renewal of FMI Recycling’s lease of 68,000 square feet at 2929 Glenfield Ave., approximately eight miles southwest of the heart of downtown Dallas. FMI, which specializes in metals and electronics recycling, has occupied space in the multi-tenant industrial property for five years. Mark Collins, Dean Collins and Kirk Collins of Cushman & Wakefield represented the tenant in the negotiations. Matt Elliot of NAI Robert Lynn represented the landlord, Glenfield LLC.
ATLANTA — Cushman & Wakefield's capital markets team in Atlanta has arranged the sale of a nine-building, 2.4 million-square-foot industrial portfolio in Atlanta. The properties are located in Atlanta's two strongest industrial submarkets — I-20 West and Airport/South Atlanta. The portfolio is fully leased to tenants such as Electrolux, Iron Mountain, Aaron's and TOTO Americas. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield represented the seller, Clarion Partners, in the transaction. The buyer was Exeter Property Group, a private real estate investment firm based in Plymouth Meeting, Pa.
MILWAUKEE — The Dickman Co. Inc./CORFAC International has completed the sale of two industrial buildings totaling 105,000 square feet in Milwaukee. 3745-75 Richards Industrial LLC purchased the property from Johnson Bros. Beverages Inc. The industrial buildings are located at 3745-3775 North Richards St. Samuel M. Dickman Jr. and Samuel D. Dickman were the brokers in the transaction.
LOWELL, MASS. — Hudson Advisors LLC has sold 121 Hale St., a 60,700-square-foot industrial/research and development building in Lowell, to Calare Properties Inc. for $4 million. M/A-COM Technology Solutions (MACOM), a supplier of high-performance RF, microwave and millimeter wave products, fully occupies the building. Chris Skeffington, senior vice president, Roy Sandeman, senior analyst, and James Lipscomb, senior vice president of Richards Barry Joyce & Partners LLC, represented the building’s seller and procured the buyer.
WHIPPANY, N.J. — NAI James E. Hanson has completed an 18,710-square-foot industrial lease renewal at Whippany Business Center, located at 1 Apollo Drive in Whippany. Z&Z Supply Inc. expanded its lease by 5,500 square feet for the wholesale distribution of HVAC equipment and small motors. Owned by IndCor Properties Inc., the one-story, 120,000-square-foot industrial building also includes a 5,500-square-foot outbuilding situated on 6.6 acres. The property offers 14- to 22-foot clear ceiling heights, drive-in loading, as well as ample parking. Steven Leitner, vice president of NAI Hanson, represented the tenant, while Howard Weinberg, formerly of Cassidy Turley, represented the landlord.
DALLAS AND FARMERS BRANCH, TEXAS — Texas land developer and manager Billingsley Co. will move forward by the end of the year with a 340,000-square-foot speculative distribution center at its 225-acre master-planned Mercer Business Park. The company officially announced its intent to build the facility after receiving light industrial zoning for 80 acres of the development. This will be the first building at the park, which is located at the northwest corner of IH 635 and IH 35E and stretches from Dallas into the neighboring city of Farmers Branch. Completion of the distribution center is slated for summer 2014.
SALEM, ORE. – A 54,661-square-foot industrial property in Salem has sold to an individual/personal trust for $4.9 million. The property is located at 2757-2767 22nd Street SE. At the time of sale, the building was fully occupied by two tenants that were operating on short-term leases. The buyer was represented by Dean Zang, Mark Taylor and Christopher Munley of Marcus & Millichap. The seller, a limited liability company, was represented by Ryan O'Leary and Will Stone of the same firm.