SHREWSBURY, MASS. — Fantini & Gorga has arranged $1.8 million in acquisition financing for a single-story, multi-tenant flex property in Shrewsbury. The 37,800-square-foot building is located at 910 Boston Turnpike, about 40 miles west of Boston. Situated on 3.8 acres, the property is located on Route 9. John Gorga, president and principal at Fantini & Gorga, represented the borrower, Hecht Shrewsbury LLC, in the transaction.
MONROE, CONN. — GAT, a manufacturer of sports and fitness supplements, has signed a 21,000-square-foot warehouse and office lease in Monroe. GAT will occupy almost half of the building, leaving 5,000 square feet of office and 16,000 square feet of warehouse space available. Brett Sherman, CCIM at Angel Commercial LLC, represented GAT, while Jon Angel, also of Angel Commercial, represented the landlord. The flex building is located at 578 Pepper St., about 19 miles east of Danbury.
HOUSTON — Cushman & Wakefield has arranged the lease of 23,000 square feet at Northwest Place Industrial Park to Cameron International Corp. Jim Foreman and Beau Kaleel of Cushman & Wakefield represented owner Levey Group, a Houston-based commercial real estate company specializing in office-warehouse properties. Brandi McDonald of Newmark Real Estate represented the tenant, a provider of flow equipment products, systems and services to the oil, gas and process industries.
PHOENIX — Baseline Interstate, a 136,683-square-foot industrial warehouse/office property in Phoenix, has sold to Dalfen America Corp. for $7.5 million. The buyer was doing business as Mazal TOV Realty, LPL. The property is located at 4707 E. Baseline Road. The building was vacant at the time of sale. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley’s Capital Markets Group represented Dalfen. The seller, Holualoa Companies, was represented by CBRE.
SANDSTON, VA. — CBRE | Richmond has brokered the $9 million sale of 5700 Audubon Drive, a 317,400-square-foot warehouse/distribution center in Sandston, about nine miles east of Richmond. Mazda used to occupy the property before a local manufacturing group purchased the property. The one-story, tilt-up concrete property is located on a 16-acre parcel near the Richmond International Airport. John Carpin and Matt Anderson of CBRE | Richmond represented the seller in the transaction.
ALLENDALE, N.J. — NorthMarq Capital has arranged $27.7 million in first mortgage refinancing for a flex portfolio in Allendale, located about 25 miles north of Newark. The properties total 368,556 square feet and are located at 1, 2, 3, 5, 6 & 7 Pearl Court and 59 Route 17. James Murphy, managing director at NorthMarq’s Boston regional office, arranged the five-year loan, which includes a 25-year amortization schedule. High Street Equity was the borrower, and a life insurance company provided the loan.
GRAND PRAIRIE — PGT Holdings Inc., a Philadelphia-based distributor of dog food and pet treats, has signed a lease in the Dallas/Fort Worth metro area for its newest distribution center. The company will occupy 54,125 square feet of the 129,400-square-foot warehouse at 907 Avenue R in Grand Prairie, about 13 miles west of downtown Dallas. Joe Santaularia and Brian Pafford of Bradford represented PGT in the negotiations, while Canon Shoults of Holt Lunsford Commercial represented landlord DFW I Investors LLC.
PHOENIX — Baseline Interstate, a 136,683-square-foot industrial warehouse/office property in Phoenix, has sold to Dalfen America Corp. for $7.5 million. The buyer was doing business as Mazal TOV Realty, LPL. The property is located at 4707 E. Baseline Road. The building was vacant at the time of sale. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley’s Capital Markets Group represented Dalfen. The seller, Holualoa Companies, was represented by CBRE.
INDIANAPOLIS —Transpacific Development Co. has acquired a 1.12 million-square-foot distribution building in Indianapolis’ Ameriplex Business Park. The purchase increases Transpacific’s footprint in the Indianapolis metro area to 4.6 million square feet. John Huguenard and Chris Clayton of Jones Lang LaSalle represented the buyer in the transaction, while seller Metro Holdings One LLC represented itself.
FORT WORTH — Commercial real estate services firm Lee & Associates has arranged the lease of 130,095 square feet of industrial space for Dollamur Sport Surfaces, a manufacturer of athletic mats. The leased property is located at 1734 E El Paso Street in Fort Worth. Becky Thompson of Lee & Associates represented the tenant, while Ryan Wood of Conti Warehouses represented the landlord, Conti RSB LLC.
