SHANNON, GA. — Stan Johnson Co. has brokered the $16.7 million sale of a 568,516-square-foot industrial property at 212 Burlington Road in Shannon, about 11 miles from Interstate 75 and 70 miles from downtown Atlanta. Ball Corp. LLC has a five-year lease at the property and Big Time Products LLC has a 10-year lease. Britton Burdette of Stan Johnson Co.’s Atlanta office represented the seller, a privately held real estate investment firm, and the buyer, a REIT, in the transaction.
LANHAM, MD. — Terreno Realty Corp., an industrial real estate owner and operator, has purchased an industrial property in Lanham, about six miles from Washington, D.C., for approximately $5.6 million. The property, located at 4230 Forbes Blvd., is a rear-load light industrial building spanning 56,000 square feet. The property features nine dock-high doors and is fully leased to six tenants.
BEDFORD PARK, ILL. — The Missner Group has completed a 65,000-square-foot renovation for Famsa USA in Bedford Park, a southwest suburb of Chicago. Principal Real Estate Investors owns the property, located at 6733-6755 W. 65th St. Famsa sells furniture, electronics and appliances on credit to clientele throughout Mexico and the United States. Famsa recently leased space at the Bedford Park property for its warehouse operations. Construction at the multi-tenant property included 62,000 square feet of warehouse improvements and 3,000 square feet of office renovations. Drue Stoehr, vice president of construction at The Missner Group, was the project executive. Curt Burns, senior project manager, and Angelo Christopher, superintendent, led the construction efforts. The Interior Design Group Ltd. provided architectural services. Larry Much of NAI Hiffman represented both the tenant and the landlord in lease negotiations. CBRE is the asset manager of the property.
ROBBINSVILLE, N.J. — Matrix Development Group has broken ground on a new build-to-suit warehouse and distribution center for Falken Tire Corp. in Robbinsville, located about 10 miles east of Trenton. The 222,000-square-foot facility, which is scheduled for a spring 2014 completion, will serve as a new location for Falken Tire, an international manufacturer of automobile tires. The development is located within Matrix Business Park at 7A, the Matrix Development Group’s 480-acre light industrial park.
HOUSTON — NAI Houston has brokered the sale of a 21,425-square-foot industrial building in Houston. The facility is located at 12626 N. Houston Rosslyn Road. Michael Keegan of NAI Houston represented the buyer, EKE Holdings LLC. John Ferruzzo, also of NAI Houston, represented the seller, Arrowrock Tres-Industrial LP.
McKINNEY, TEXAS — Lee & Associates has arranged a 28,356-square-foot industrial lease in the Dallas/Fort Worth suburb of McKinney. The multi-tenant facility is located at 1602 Lavon Drive, offering easy access to State Highway 75. Mark Graybill and Erik Murray of Lee & Associates represented the tenant, Beacon Sales Acquisition LLC. David Cox of Carey Cox Co. represented the landlord, NLC Asset LLC.
AVONDALE, ARIZ. — Lake Washington Partners has purchased the Coldwater Depot Logistics Center, a 600,000-square-foot distribution center in Avondale, for an undisclosed sum. The 54-acre site is located at 1100 North 127th Ave. in southwest Phoenix. The existing distribution center is occupied by Conn’s Furniture. The site can accommodate an additional 400,000 square feet of distribution/warehouse facilities. Lake Washington will manage the site’s future construction and development. It acquired the property from Trammell Crow Company and Clarion Partners.
HAMILTON TOWNSHIP, N.J. — Dynamic Marketing Inc. (DMI), a Brooklyn-based appliance and electronic cooperative, has signed a long-term lease for a 396,510-square-foot warehouse in Hamilton Township. The building is located at 400 Cabot Drive. Kenneth Lundberg, Scott Perkins and Barry Cohorsky of NAI James E. Hanson represented DMI in the transaction. Mindy Lissner, William Waxman and Steven Beyda of CBRE, along with Leslie Lanne, senior vice president with IndCor Properties, represented the building's ownership. DMI was founded in 1957 for the purpose of purchasing and servicing appliances and electronics for its members, with the goal of being price competitive with big box retailers.
AVONDALE, ARIZ. — Lake Washington Partners has purchased the Coldwater Depot Logistics Center, a 600,000-square-foot distribution center in Avondale, for an undisclosed sum. The 54-acre site is located at 1100 North 127th Ave. in southwest Phoenix. The existing distribution center is occupied by Conn’s Furniture. The site can accommodate an additional 400,000 square feet of distribution/warehouse facilities. Lake Washington will manage the site’s future construction and development. It acquired the property from Trammell Crow Company and Clarion Partners.
STERLING HEIGHTS, MICH. — Bernard Financial Group has arranged a $1.7 million loan for two single-tenant manufacturing buildings in Sterling Heights, a northern suburb of Detroit. Dennis Bernard and David Dismondy of Bernard arranged the financing on behalf of Fifteen Mile & Product Drive LLC. Assurity Life Insurance Co. was the lender.