FARMERS BRANCH, TEXAS — Lee & Associates has arranged a 60,125-square-foot industrial lease at 1901 Hutton Court in Farmers Branch. Nathan Denton, Adam Graham and Mark Graybill of Lee & Associates represented the landlord, RREEF Asset Management, in the lease transaction. Steve Berger of CBRE represented the tenant, Peaches Uniforms Inc.
HOUSTON — Suretech Completions Inc. has leased 35,000 square feet of industrial space at Wright Road Industrial Park, located at 12014 FM 529 in Houston, with landlord and developer United Equities Inc. Travis Land of NAI represented the landlord in the lease transaction. Paul Segreto of CBRE represented the tenant.
SUNNYVALE, CALIF. — Orleans Business Park, a duo of institutional-quality office/R&D buildings totaling 100,000 square feet, has changed hands in Sunnyvale. The park is fully leased to Bloom Energy. DivcoWestpurchased the asset from a partnership between AEW andOrchard Partners, LLC for an undisclosed sum. The seller was represented by Joseph Moriarty, Russell Ingrum, Sean Sullivan and Tyler Meyerdirk of CBRE’s Northern California Institutional Group.
WOODRIDGE, ILL. — HSA Commercial Inc. will break ground this month on an 180,480-square-foot speculative warehouse facility at Park 355 in Woodridge, a western suburb of Chicago. HSA Commercial is partnering with Denver-based Industrial Income Trust for the project. The proposed industrial building will include 30-foot clear heights, frontage on I-355, 49 exterior truck docks and four drive-in doors. The industrial property will also be divisible by 17,580-square-foot suites to accommodate smaller industrial tenants seeking immediate leasing opportunities.
CARTERET, N.J. — Everflow Supplies has acquired a 100,000-square-foot industrial property, located at 100 Middlesex Ave. in Carteret, about 15 miles south of Newark, for $4 million. The seller was Wyckoff Associates. Everflow, a distributor of valves, heating components, plumbing specialty and pipe products in New Jersey, will move from its current 65,000-square-foot distribution headquarters, located at 2401 E. Linden Ave. in Linden, to the new building. The property is strategically located near several major roadways, including the New Jersey Turnpike and Routes 1 and 9. The property is also close to Port Newark, Central New Jersey and Lower Manhattan. Jordan Metz of Bussel Realty Corp. represented Everflow in the transaction.
PALMER, MASS. — Polymer Corp. has signed a lease for 58,000 square feet of single-story industrial space at One Third Street in Palmer, located about 35 miles west of Worcester. One Third Street is a modern building with warehouse and office space and is located in Palmer Industrial Park. David Stubblebine of the Stubblebine Co. represented the tenant in the transaction. Development Associates represented the landlord, Manchem LLC. Polymer Corp. manufactures low-volume, close-tolerance plastic parts and assemblies for blue-chip customers.
SUNNYVALE, CALIF. — Orleans Business Park, a duo of institutional-quality office/R&D buildings totaling 100,000 square feet, has changed hands in Sunnyvale. The park is fully leased to Bloom Energy. DivcoWestpurchased the asset from a partnership between AEW and Orchard Partners, LLC for an undisclosed sum. The seller was represented by Joseph Moriarty, Russell Ingrum, Sean Sullivan and Tyler Meyerdirk of CBRE’s Northern California Institutional Group.
MUKWONAGO, WIS. — GS Hydraulics, in a move to expand their hydraulic systems business, has purchased a 50,000-square-foot industrial building, located at 929 Empire Drive in Mukwonago, about 25 miles southwest of Milwaukee. GS Hydraulics purchased the building from Empire Industries, a manufacturer of pipe hangers and supports. The purchase price was undisclosed. Kurt Van Dyke of Cassidy Turley Barry represented Empire Industries in the transaction. Dave Hazenfield of The Dickman Co. represented GS Hydraulics.
BOSTON — NorthMarq Capital has arranged $59 million in acquisition and mezzanine financing for the Condyne Industrial Portfolio located throughout the Boston area. The portfolio includes five buildings and a total of 1.5 million square feet of industrial space. Financing was based on a five-year term with one year of interest-only payments and a 29-year amortization schedule. NorthMarq arranged this financing for the borrower, Massachusetts Industrial LLC, through its relationship with a REIT. James Murphy of NorthMarq’s Boston regional office represented the borrower in the transaction.
CARROLLTON, TEXAS — Lee & Associates has arranged a 91,000-square-foot industrial lease at 2425 Carter Drive in Carrollton. Nathan Denton and Adam Graham of Lee & Associates represented the landlord, Cobalt Capital Partners, in the transaction. Jim Svidron of NAI Robert Lynn represented the tenant, Store Resource.