ADDISION, ILL. — BB&T Real Estate Funding has secured a $11 million mortgage loan for Iron Mountain, a 234,057-square-foot industrial property. The nonrecourse loan was structured with an 18-month term and a one six-month extension. The property is located at 331 S. Swift Road in Addison, about 20 miles west of Chicago.
DALLAS — CBRE has brokered the sale of Trade Center I, II and IV, three Class A industrial properties near Dallas/Fort Worth International Airport totaling 1.4 million square feet. Trade Center I is located at 2700 Regent Blvd. and Trade Center II and IV are located at 2520-2525 Esters Blvd. in a master-planned business park. Trade Center I is fully leased while Trade Center II and IV are 92 percent leased. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the sellers, Bentall Kennedy and Trammell Crow Co., in the transaction. Dallas-based Invesco Real Estate is the buyer.
DALLAS — Henry S. Miller has arranged expansions for BBC Motorsports and Toyota of Dallas in the Dallas area. Bill Bledsoe of Henry S. Miller represented Toyota of Dallas in its purchase of the Vonco Medical building, located at 11480 Anaheim Drive in Dallas. The medical building includes a 33,493-square-foot warehouse and is located on a 2.03-acre lot. Toyota of Dallas plans to expand its body operations at the new site. Bledsoe also represented BBC Motorsports in its 59,425-square-foot lease expansion at 1320 Chemical St. in Dallas. The expansion nearly doubled its footprint at the 70,000-square-foot warehouse. The BBC Motorsports showroom will now occupy approximately 75 percent of the warehouse.
DALLAS — Colliers International has secured a 321,135-square-foot industrial lease, located at 4800 Langdon Road in south Dallas. The Class A industrial building is LEED Gold-certified and is now 85 percent leased following this transaction. Chris Teesdale and Tom Pearson of Colliers International's Supply Chain Real Estate Advisors in Dallas represented the landlord, Weeks Robinson Properties, in the lease transaction. Dave Anderson of CBRE represented the tenant, Conn Appliances.
ATLANTA — The state of Georgia has selected Manhattan Construction Co. to build the $9.5 million headquarters for Georgia Poultry Laboratory Network. The 38,000-square-foot facility will be located off Highway 365 in unincorporated Hall County, Ga. Construction of the single-story building, which will include laboratories and office space, is slated to begin in April. Completion is scheduled for 2015. The network provides diagnostic and monitoring services to Georgia's commercial poultry industry to ensure the safety of poultry products.
ASHLAND, VA. — Clemons Warehouse LLC has acquired a 416,930-square-foot office and warehouse facility in Ashland for $2.4 million. Kepley Broscious & Biggs, PLC Trustee was the seller. Robert Porter Jr. of Porter Realty Co./CORFAC International represented the buyer in the transaction.
SALT LAKE CITY — Westport Distribution I & II, a pair of bulk distribution buildings totaling more than 750,000 square feet in Salt Lake City, have sold to Industrial Income Trust (IIT) for $47.5 million. IIT was represented by Bryce Blanchard of NAI West. The firm’s Mike Falk and Steve Condie also represented the seller, Buzz Oates Real Estate.
SUFFOLK, VA. — Superwatt Power International Co., one of the largest generator set manufacturers in China, has acquired a 30,525-square-foot industrial facility at 1013 Obici International Blvd. in Suffolk for $1.5 million. Superwatt plans to occupy the facility, which will be known as Grandwatt Electric Corp. Bobby Phillips and Jeffrey Cooke of Cushman & Wakefield represented the seller, Wells Fargo Bank, in the transaction.
INDIANAPOLIS — Click Ship Commerce has signed a lease for 25,850 square feet of industrial space at Hillsdale Business Park, the largest industrial park in Indianapolis, located at 770 N. Shadeland Ave. Jones Lang LaSalle represented Click Ship Commerce and the landlord, Hillsdale Property Co. LLC, in the deal. The firm is moving from 15268 Herriman Blvd. in Nobesville, Ind. Click Ship Commerce is an e-commerce company that operates multiple websites selling consumer products.
CRANFORD, N.J. — Ashley Business Park, a 259,670-square-foot light industrial complex in Cranford, has sold for $8.2 million. Cranford Business Park LLC, a partnership of three major tenants at the property, acquired the asset. The business complex is located at 570 S. Ave., about 15 miles southwest of New York City. Renovated in 2000, the property is 88 percent leased and includes 187,881 square feet of industrial space and 71,289 square feet of office spaces. HFF marketed the property on behalf of the court appointed rent receiver, Onyx Equities LLC.