NEW YORK CITY — A 19,721-square-foot industrial property, located at 133 Sutton St. in Brooklyn, has sold for $3.3 million. Jakub Nowak of Marcus & Millichap represented the seller, a private investor and the buyer, a limited liability company, in the deal.
BEDFORD, MASS. — State Electric Corp. has purchased an 18,000-square-foot flex building for $1.2 million in Bedford. The property, which is located near Route 3 and I-95, is a single-story industrial building with office space on a 2.6-acre site. The Stubblebine Co./CORFAC International represented State Electric Corp. and the seller, Bill Callahan, in the deal. State Electric Corp. is a full-service electrical construction company that provides electrical construction services throughout Eastern New England.
ROBBINSVILLE, N.J.— Matrix Development Group, has plans to develop a 350,000-square-foot, build-to-suit facility for McKesson Corp, in Robbinsville. The facility will be located within Matrix Business Park, some 40 miles northwest of Philadelphia. The building will include 317,585 square feet of climate-controlled warehouse space, 32,445 square feet of office space, 25 loading docks and parking for 220 cars. The facility is slated for completion in April. McKesson is a national U.S. pharmaceutical distributor and healthcare information technology company.
MUHLENBERG TOWNSHIP, PA. — Pratt Corrugated Holdings Inc. has signed a 10-year lease for 115,000 square feet of industrial space in Muhlenberg Township, located about 60 miles northwest off Philadelphia. The industrial building is situated within the Route 61 Distribution Center owned by Brasler Properties. Pratt is a national recycled paper and packaging company.
DORAL, FLA. — SeaFreight Agencies Inc., a cargo and shipping solutions company, has signed a 148,750-square-foot industrial lease at the International CorporatePark, located at 9950 NW 17th St. in Doral. The deal makes SeaFreight the sole tenant in the Class A building, which includes 16,000 square feet of office space. Walter Byrd, Ben Eisenberg, Thomas Kresse and Carlos Gaviria of Transwestern represented the tenant in the transaction. Steve Medwin and Nick Wigoda of Jones Lang LaSalle represented the landlord, IndCor Properties.
BLYTHEWOOD, S.C. — Pinchal & Co. LLC has named Binswanger the exclusive agent for the sale of a 350,000-square-foot industrial building on 23.5 acres at 1091 Carolina Pines Drive in Blythewood. Constructed in 1999, the building includes reinforced concrete floors, 31- to 35-foot clear ceiling heights, 70 dock doors and 8,280 square feet of office space. The property overlooks I-77 and is located eight miles from I-20.
CHICAGO — Welsh Property Trust has purchased the Core Midwest Distribution Portfolio, which consists of five buildings totaling 2,711,183 square feet, for $99.5 million. The industrial buildings are 94-percent leased to six tenants. Properties in the portfolio include: 535 Shingle Oak Drive in Chicago, a 150,000-square-foot, fully leased property; 1105 E. Northfield Drive in Brownsburg, Ind., a 526,200-square-foot, fully leased property; 40 Logistics Blvd. in Walton, Ky., a 543,512-square-foot, fully leased property; 6766 Pontius Road in Groveport, Ohio, a 754,000-square-foot, 78.8 percent leased property; and 3051 Creekside Parkway. in Obetz, Ohio, a 737,471-square-foot fully leased property. Jones Lang LaSalle represented the seller, New York City-based KTR Capital Partners, in the deal.
ROCKAWAY, N.J. — Roundhill Realty LLC has sold 301 Roundhill Drive, a 50,000-square-foot warehouse property in Rockaway, for $5.3 million. Built in 1992 and renovated in 2008, the Class A warehouse structure has 30-foot ceilings. The property is fully occupied with one drive-in and six exterior loading docks. NAI Hanson represented the buyer, Roundhill Acquisition. The seller was represented by Cushman & Wakefield in the deal.
IRVING, TEXAS — Nautilus Hyosung America, an international manufacturer of ATMs, has added 75,154 square feet of office and warehouse space at its U.S. headquarters at Parc 114 in Irving. The lease transaction more than doubles the tenant's space at the development totaling 137,044 square feet, making it Parc 114's largest tenant. The development is now 88 percent leased. Nautilus Hyosung will occupy its new space in the spring. Jackson-Shaw and ORIX Capital Markets formed a joint venture to develop Parc 114. Kurt North of North Pointe Commercial Realty represented the tenant in the lease transaction. Blake Kendrick of Stream Realty represented the landlord.
MANTECA, CALIF. — The 3.1-million-square-footCenterPointIntermodal Facility is scheduled to break ground in Manteca within the month. Manteca is situated between Stockton and Modesto in Northern California. The $175-million project will be located just west of Airport Way between Roth Road and Lathrop Road across from the Union Pacific intermodal yards. The funds will be provided by CalPERS. The San Joaquin Partnership estimates the new facility will create 600 permanent jobs.
