ATLANTA — Jones Lang LaSalle has arranged the $8.7 million sale of two office-flex buildings in the Peachtree Technology Center in Atlanta's Northeast submarket. The properties include a 50,084-square-foot property at 5923 Peachtree Industrial Blvd. and a 30,375-square-foot facility at 5854 Peachtree Corners East. The properties are fully leased to three tenants. Shan Gastineau, Paul Hanna and Katie Elliot of Jones Lang LaSalle's capital markets team represented the buyer, GASCO Real Estate Holdings LLC, in the transaction. CBRE represented the seller, VIFII Peachtree Technology.
ORLANDO, FLA. — Avison Young has been selected to broker the sale of the 177-acre tract of land known as Tradeport Industrial Park Development Site, located at 3650 8th St. in Orlando. The industrial sales assignment marks Avison Young's entrance into the Orlando market. David Duckworth of Avison Young will handle the assignment.
HOUSTON — NAI Houston has brokered the sale of a 20,000-square-foot speculative warehouse building in Houston’s Saddlegate II Business Park. Located at 10110 Fairbanks North Houston Road, the freestanding property features 30-foot clear height ceilings, paved outside storage and two grade-level doors. John Ferruzzo and Chris Kugle of NAI represented the buyer, B-Mac Holdings LLC, while Mark Ward and Mike Spears of The National Realty Group Inc. represented the seller, Black Gold JV.
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.
FRANKLIN, VA. — Severn Peanut Co. has purchased a 154,982-square-foot industrial facility in Franklin for $2.4 million. The facility is located on a 40-acre site at 32126 General Thomas Highway. The buyer will use the former paper converting facility as an additional peanut processing facility. Robert Thornton of Cushman & Wakefield | Thalhimer represented the seller, International Paper Co., in the transaction.
WAYNESBORO, GA. — UC Funding has provided a $5.5 million acquisition bridge loan on a 475,000-square-foot industrial complex in Waynesboro, about 29 miles south of Augusta. The property is pre-leased to Stone & Webster Construction, a wholly owned subsidiary of Chicago Bridge & Iron. The property features five single-story warehouse buildings. The sponsor hopes to renovate the property and increase the occupancy, which is now at 20 percent, according to UC Funding.
BETHLEHEM, PA. — Kuehne + Nagel Inc. (K+N) has signed a long-term lease for 228,000 square feet at 4275 Fritch Drive in Bethlehem, about nine miles east of Allentown. Griffin Land constructed the warehouse in 2012. K+N is one of the world’s leading logistics companies with more than 63,000 employees located in more than 100 countries. The company will use the warehouse building to handle a third-party logistics requirement for a Fortune 100 global healthcare company. CBRE represented the landlord, a real estate subsidiary of Griffin Land, in the transaction. CBRE’s global supply chain team based in New Jersey represented K+N.
FLOWER MOUND, TEXAS — Cushman & Wakefield has arranged a 154,000-square-foot lease expansion at an industrial facility in the Dallas-Fort Worth suburb of Flower Mound for natural and organic food wholesaler-distributor Nature’s Best. The tenant now occupies the entirety of the 462,000-square-foot building, which opened in 2011 and is LEED Gold-certified. Mark Collins, Dean Collins, Kirk Collins, Jeff Chiate, Rick Ellison and Cheryl Ballentine of Cushman & Wakefield represented Nature’s Best in the negotiations, while Toby Rogers and Bates Arnot of Hillwood Properties represented the landlord, Clarion Partners.
DOUGLASVILLE, GA. — Industrial parts supplier McMaster-Carr has acquired 112 acres at Riverside at Sweetwater Creek, a 309-acre business park in Douglasville. The company, which currently operates buildings in northwest Atlanta, will consolidate its operations in a new 700,000-square-foot facility. The property will serve as an e-commerce fulfillment center for the products the company supplies to manufacturing plants and additional commercial facilities. McMaster-Carr has received city approval to expand the building to 1 million square feet. General contractor Holder Construction Co. will begin construction before the end of the month, with development expected to take 18 months. Marks Hawks and Scott McGregor with CBRE represented Riverside at Sweetwater Creek's owner, NMR&G LLC, in the land acquisition. Sim Doughtie of King Industrial Realty Inc. represented McMaster-Carr. The business park's development partners include Charles Brewer, Sam Hatcher and Ron Orr.
MOUND, MINN. — Cushman & Wakefield/NorthMarq (C&W/NorthMarq) has represented Shoreline Boulevard LLC in two lease transactions totaling 55,000 square feet in Mound. Rasco Industries Inc. will occupy 35,000 square feet of the industrial property. Rasco provides high quality, overhead screen doors for food processing plants, distribution warehouses, manufacturing plants and other facilities. The company is relocating from Loretto, Minn. Renpure, which provides safe and effective hair care products, is leasing 20,000 square feet, consolidating its multiple locations. The industrial property is located at 5300 Shoreline Blvd., about 25 miles west of Minneapolis. Brent Masica of C&W/NorthMarq represented Shoreline Boulevard LLC in the transactions.