NORWALK, CALIF. — Ameripak Industries has signed a 62-month lease for a 72,000-square-foot building in Norwalk. The lease is valued at about $2 million. The space is located at 15500-15510 Blackburn Ave. The company will be relocating from nearby Pico Rivera. Ameripak was represented by CBRE’s Philip Christian, David Ellis, Josh Bonwell and Rick McGeagh. The landlord is Majestic Realty.
CHANDLER, ARIZ. — Gold Medal Gymnastics Academy has signed a seven-year lease for 24,492 square feet of office and warehouse space at Warner Commerce Park. The space is located at 455 E. Warner Road in Chandler. The new lease will bring the center to full occupancy once the academy opens in August. Gold Medal Gymnastics was represented by Andy Kroot and Christina Biagiolo of Velocity Retail Group in Phoenix. The landlord, Dalfen America Corp., was represented by Evan Koplan and Mike Parker of CBRE’s Phoenix office.
CHESTERFIELD TOWNSHIP, MICH. — EZ Industrial Solutions LLC has signed a lease for 24,105 square feet of industrial space in Chesterfield Township, about 30 miles northeast of Detroit. The building is located at 48750 Structural Drive. Ben Wilkiemeyer and Peter Walocko of Signature Associates represented the landlord, Vincent Palazzolo, in the transaction.
ORANGE, N.J. — Beech Street Capital has closed an $8.4 million Fannie Mae conventional loan for the acquisition of South Orange Towers, a 108-unit mid-rise apartment building in Orange, a western suburb of New York City. The fixed-rate loan has a 10-year term, with 2.5 years of interest-only payments, seven-year yield maintenance and a 30-year amortization schedule. South Orange Towers is 99 percent occupied and includes a pool. The borrower plans to make substantial renovations, including replacing windows, renovating kitchens and retiling and refitting baths. Avi Weinstock and Josh Rhine of Meridian Capital Group LLC originated the transaction, which was financed by Beech Street Capital.
NEWTON, N.J. — NAI James E. Hanson has arranged the sale of a 109,751-square-foot industrial complex at 75 Mill Street in Newton, located about 45 miles east of Newark, for $1.4 million. The seller was Newton Industrial Park LLC. The buyer, Darlington Heritage Properties LLC, intends to hold the site for investment purposes. The two-story property includes 21 units with ceiling heights totaling 15 feet, five tailgates and one drive-in door. Sig Schorr and Joseph Vindigni of NAI Hanson represented both parties in the transaction.
GARLAND, TEXAS — Marcus & Millichap has arranged the sale of a 336,499-square-foot manufacturing and distribution facility for $10.7 million in Garland. The property is net-leased to Apex Tool Group and is located at 3000 W. Kingsley Road. John Glass of Marcus & Millichap's San Francisco office, along with James Bell of the firm's Houston office, represented the seller in the transaction. Glass and Scott Pertel, also of Marcus & Millichap's San Francisco office, represented the buyer. The facility is expected to be upgraded with a new roof this year.
GLENDALE, CALIF. – A 473,345-square-foot industrial complex in Glendale has sold to Rexford Industrial for $56.2 million. The institutional-quality complex is located at 3332-3424 North San Fernando Road and 3550 Tyburn Street. It contains seven buildings spread out among 21 acres. It is fully leased to tenants like Staples, Anderson Printing, Nordstrom and Pep Boys. In addition to the industrial component, the complex also contains two retail frontage buildings. Steve Silk, Jay Borzi and Adam Pastor of Eastdil Secured represented both the buyer and the seller, a non-disclosed institutional owner, in this transaction.
BAYONNE, N.J. — Hollister Construction Services has completed the renovation of a 150,000-square-foot industrial facility in Bayonne, located about 10 miles south of New York City. CenterPoint Properties, a developer, owner and manager of industrial real estate, owns the property. Jersey City, N.J.-based Star Snacks Co., a snack nut products manufacturer, will relocate its distribution facilities to the renovated warehouse, located at 30 Pulaski St. Cortland Morgan Architects were the architects.
AUSTIN, TEXAS — NorthMarq Capital has arranged a $15 million loan for the refinancing of Braker Center 6, 7 and 11, three flex office buildings located in Austin. The properties total 218,301 square feet and are located at 11100 and 1212 Metric Blvd. and 2205-2229 W. Braker Lane. Steve Bye, Dale Stewart and Dan Lucchesi of NorthMarq's Denver office arranged the loan on behalf of the borrower.
FLOWER MOUND, TEXAS — Exeter Property Group plans to build two new industrial buildings in Flower Mound's Lakeside Business District. The two buildings will total approximately 580,000 square feet. The development will bring an estimated 200 jobs to the area and add an estimated $18 million to Flower Mound's tax base. The property is located three miles north of Dallas Fort Worth International Airport.