MOUNTVILLE, PA. — Majik Properties LLC has purchased a 42,612-square-foot industrial building located at 150 Donnerville Road in Mountville for $1.5 million. Randall Rhoads and Thomas McDermott of NAI Commercial Partners Inc. represented the seller, while Daniel Berger, also of NAI, represented the buyer. The property is located 35 miles southeast of Harrisburg.
BEXAR COUNTY, TEXAS — Houston-based National Property Holdings LP plans to develop the 400-acre Alamo Junction Rail Park, a rail-based logistics and warehousing development located in Bexar County, which is south of San Antonio and near the middle of the Eagle Ford Shale play. Phase I calls for more than 22,000 linear feet of track, which will begin daily rail service in the third quarter. The rail will ultimately interchange with both the Union Pacific and BNSF railroads. National Property Holdings is selling and leasing lots for operators looking to establish rail-focused transload, warehouse and manufacturing facilities. The company has already sold 50 acres for frac sand operations.
FREDERICK, COLO. – A 43,919-square-foot building that is triple-net leased to Precision Manufacturing has sold to Merritt Companies, LLC for $3.1 million. The single-tenant industrial building is located at 7755 Miller Drive within the Frederick West Business Park. Merritt was represented by Sam Leger and Tim Finholm of Unique Properties, LLC – TCN Worldwide.
RENO, NEV. — Broadbent & Associates has leased 10,083 square feet of office and warehouse space in Reno. The space is located at 5450 Louie Lane. Broadbent was represented by Scott Shanks of NAI Office Properties Group. The landlord, J & S Erlach Properties 50, LLC, was represented by Dave Simonson of NAI Alliance’s Industrial Properties team.
FREDERICK, COLO. – A 43,919-square-foot building that is triple-net leased to Precision Manufacturing has sold to Merritt Companies, LLC for $3.1 million. The single-tenant industrial building is located at 7755 Miller Drive within the Frederick West Business Park. Merritt was represented by Sam Leger and Tim Finholm of Unique Properties, LLC – TCN Worldwide.
RENO, NEV. — Broadbent & Associates has leased 10,083 square feet of office and warehouse space in Reno. The space is located at 5450 Louie Lane. Broadbent was represented by Scott Shanks of NAI Office Properties Group. The landlord, J & S Erlach Properties 50, LLC, was represented by Dave Simonson of NAI Alliance’s Industrial Properties team.
FLORHAM PARK, N.J — HFF has arranged $31 million in financing for a three-building, 1.1 million-square-foot industrial portfolio in the northern New Jersey towns of Elizabeth, Edison and Bayonne. HFF worked on behalf of a joint venture between Cohen Asset Management Inc. and New York Life Investment Management. The seven-year, fixed-rate acquisition loan was placed through Principal Real Estate Investors. HFF sold the assets to the borrower as part of a larger portfolio in 2012.The portfolio was 99 percent leased at the time of sale. Senior managing directors Jon Mikula and Paul Brindley led the HFF team representing the borrower.
NAPERVILLE, ILL. — Principal Real Estate Investors has sold a 171,935-square-foot building in Naperville, located about 30 miles west of Chicago, to Reebie Moving and Storage. The purchase price was undisclosed. Reebie Moving & Storage purchased the two-tenant property to supplement its existing location in Chicago. The building, which is located at 720 Frontenac Road, includes 61,000 square feet available for lease. The facility offers a clear ceiling height of 24 feet, easy access to I-88 and on-site trailer parking. Mark Moran, and John Whitehead with NAI Hiffman’s industrial services group, represented Principal Real Estate Investors in the transaction. Kelly Disser also with NAI Hiffman represented Reebie Moving and Storage.
FERNDALE, MICH. — Genius Services Inc. has signed a lease for 29,004 square feet of industrial space located at 1450 Academy in Ferndale, a northern suburb of Detroit. John Boyd of Signature Associates represented the tenant, Genius Services Inc., in the transaction.
LEWISVILLE, TEXAS — Henry S. Miller Brokerage has secured the acquisition of an 84,140-square-foot industrial facility in Lewisville. The office/warehouse facility is located at 1725 Lakepointe Drive within the Lewisville Tech Center. The property has approximately 23,630 square feet of office space, 36,308 square feet of production space and approximately 26,202 square feet of warehouse space. The property previously housed the contents of the George Bush Library, and will now be home to the corporate operations of JADA Enterprise, the buyer. Dan Spika of Henry S. Miller Brokerage represented the buyer, and Michael Peinado of Lincoln Property Co. represented the seller, LPC GSA LLC.
