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Industrial

IndustrialNortheast

NAI HANSON CLOSES SALE OF 31 VREELAND AVE. IN TOTOWA, N.J.

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TOTOWA, N.J. — NAI James E. Hanson has completed the sale of a 27,120-square-foot, bank-owned property at 31 Vreeland Avenue in Totowa, for nearly $2 million. Russell Verducci of NAI James E. Hanson represented the seller, Boiling Springs Savings Bank. The new owner, DNG RE USA Corp., intends to use the site for the distribution of balsamic vinaigrette, with a possibility of manufacturing on the site in the future. Built in 2008, the single-tenant, two-story site is on a 1.3-acre tract of land and includes 21,000 square feet on the ground floor and 6,000 square feet on the mezzanine level. Features and amenities include ceiling heights ranging from 20 to 30 feet, 58 surface parking spaces, three exterior loading docks and one drive-in.

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IndustrialMidwest

FLAGSTAR BANK SELLS 75,000 SF INDUSTRIAL BUILDING

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STERLING HEIGHTS, MICH. — Flagstar Bank has sold 75,000 square feet of industrial space located at 41150-41155 Technology Park Drive in Sterling Heights, about 20 miles northeast of Detroit. The buyer was Richard Schaller. Bruce Morrison and Paul Saad of Signature Associates represented the seller in the transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.

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IndustrialNortheast

NAI HANSON TO MARKET INDUSTRIAL PROPERTIES IN NORWOOD

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NORWOOD, N.J. — Alfred Sanzari Enterprises has hired NAI James E. Hanson to serve as exclusive leasing agent for an industrial/flex park in Norwood, located about 10 miles northeast of Paramus. The properties are located at 335, 375 and 385 Chestnut St. and 10 Maple St. and include almost 167,000 square feet of space. The NAI Hanson team of Michael Walters, Andrew Somple and Nicholas Herrick are serving as the leasing agents for the properties. Sanzari recently completed a number of upgrades at the complex, which now features freshly painted warehouse space, new office windows, new front awnings and loading dock improvements.

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IndustrialTexas

TRANSWESTERN BROKERS SALE OF COMMERCE CENTER SOUTH

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AUSTIN, TEXAS — Transwestern has arranged the sale of Commerce Center South, three Class A industrial properties totaling 155,545 square feet in Austin's Southeast Industrial submarket. The property is 100 percent leased and is situated on a 35.3-acre development site. Hale Umstattd, Leah Gallagher and Luke Wheeler of Transwestern represented the seller, PacTrust, in the transaction. Commerce Center South is the first Austin acquisition for the buyer, Pennsylvania-based Stoltz Real Estate Partners. The company plans to expand its Austin portfolio in the future by buying office, industrial and retail properties. Stoltz purchased Commerce Center South through its investment vehicle, SREF IV.

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IndustrialMidwest

GM TO BUILD $44.5M PARTS ASSEMBLY SITE IN LANSING

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LANSING, MICH. — General Motors has announced it will build a $44.5 million parts assembly facility at its Lansing Grand River Assembly plant. The 2.5-million-square-foot plant, which opened in 2001, is where the automaker builds Cadillac vehicles. General Motors plans to construct the 400,000-square-foot building adjacent to the plant to sequence and assemble parts to make manufacturing more flexible at the site. “This project is the latest example of how we’re doing business differently in General Motors today,” says Christine Sitek, manufacturing manager of General Motors North America. “We’ve developed an innovative material strategy that increases efficiency and improves quality to benefit our customers, employees and the bottom line.” General Motors hopes to have the building open and providing parts by the end of 2014, according to the Washington Post.

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IndustrialMidwest

167,000 SF INDUSTRIAL FACILITY UNDERWAY IN COLUMBUS, WIS.

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COLUMBUS, WIS. — Enerpac, a division of Menomonee Falls, Wis.-based Actuant Corp., announced it has begun construction on a new 167,000-square-foot manufacturing facility in Columbus, about 30 miles northeast of Madison. The building will be owned by Zilber Property Group and leased to Enerpac, a manufacturer of hydraulic products and industrial tools. Enerpac has outgrown its current headquarters located at W12500 Westbrook Crossing in Menomonee Falls, Wis., and will move into the new facility in December. Zimmerman Architectural Studios of Milwaukee designed the building, and C.G. Schmidt is constructing the facility.

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