TAYLOR, MICH. —Signature Associates has arranged the lease of 21,000 square feet of high-tech space at 20330 Superior Road in Taylor, about 20 miles southwest of Detroit. Brad Viergever of Signature Associates represented the landlord, Persiconi & Persiconi LLC, and the tenant, Life Bridge Church.
EL PASO, TEXAS — CBRE El Paso has brokered the lease renewal of 353,611 square feet of industrial space, located at 48 Walter Jones in El Paso. Anthony Mash of CBRE El Paso represented the landlord, Butterfield Trail Corp. – Invesco, in the lease renewal. Penske Logistics LLC is the tenant.
HOUSTON — Coldwell Banker Commercial United, Realtors has arranged a 20,000-square-foot industrial sublease, located at 7603 Prairie Oak Drive, Suite 150M in Houston. Patrick Buckhoff of Coldwell Banker represented the landlord, Display Work LLC, in the transaction. Jackson & Cooksey represented the tenant, qHub Logistics Corp.
ELK GROVE VILLAGE, ILL. — Premier Design + Build Group will construct a 124,028-square-foot warehouse distribution facility in Elk Grove Village, located about 20 miles northwest of Chicago. Construction will begin in April and is slated for completion in the fourth quarter of this year. The property will be located at 2475 Touhy Ave. and includes 35 delivery docks and 154 parking spaces. When the project is complete, the new warehouse will be capable of housing up to four tenants. Mark Melone of Premier Design + Build is the project manager and Scott Lebak of Premier is the project superintendent. Cornerstone Architects Ltd. is the architect, and Spaceco Inc. is the civil engineer.
STOUGHTON, MASS. — IKEA has signed a 101,065-square-foot warehouse lease at Stoughton Industrial Park, located at 1000 Technology Center Drive in Stoughton, a southern suburb of Boston. The home furnishings company will use the location as a distribution facility. The 332,676 square foot building is owned by a joint venture between ASB Real Estate Investments and Lincoln Property Co. Richards Barry Joyce & Partners LLC represented the landlord in the transaction. Cushman & Wakefield represented IKEA in the transaction.
NEW YORK CITY — In a $13.8 million sale-leaseback transaction, a private equity fund has purchased five industrial properties from American Forest Products. The acquired properties total approximately 575,000 square feet and are located in California, South Carolina and Virginia. American Forest Products, a provider of third-party logistics and retail services, will lease the properties for 21 years. Camille Renshaw of Stan Johnson Co. represented the buyer and seller in the transaction.
GRAND PRAIRIE, TEXAS — Cushman & Wakefield has arranged the lease of 125,000 square feet of warehouse/distribution space at 2820 N. Great S.W. Parkway in Grand Prairie. The industrial space is located in the Paddock Distribution Center. Pete Richardson, Drew Richardson, Benedict Gordon, Bill McClung, Mike Wyatt, Robbie Baty and Grant Pruitt of Cushman & Wakefield of Texas Inc.'s Dallas office represented the tenant, Johns Manville, in the transaction. Johns Manville, a manufacturer and marketer of building products, will occupy approximately 1,000 square feet of office space in the property. Andrew McCaig and Cornelia Heins represented the landlord, Primera Cos., in-house.
CHARLOTTE, N.C. — Trinity Capital Advisors has acquired an additional building in Shopton Ridge Industrial Park in Charlotte. The firm now owns three buildings in the eight-building park. Located at 4015 Shopton Road, the 108,800-square-foot Class A office and industrial building is fully occupied by Rent-A-Center and The Maintenance Team. Trinity purchased the property through a joint venture with Pacific Coast Capital Partners. Bill Wood handles the leasing at Trinity Capital's Shopton Ridge portfolio and Janice Crum serves as property manager.
JERSEY CITY, N.J. — Premier Motor Lines has signed a 97,453-square-foot industrial lease at 2 Colony Road in Jersey City. The 262,000-square-foot warehouse facility was built in 1976. The building has 24-foot ceilings, 40 tractor-trailer parking spaces and an active rail. Matthew Corpuel of CBRE represented Premier Motor Lines in the transaction. Bill Waxman, Mindy Lissner and Nicholas Nitti of CBRE represented the landlord, RREEF Management LLC. Premier Motor Lines is a third-party warehousing and logistics company that provides food-grade warehousing, brokerage and private fleet service to New York, New Jersey, New England and Eastern Pennsylvania. The business is relocating from 397 E. 54th St. in Elmwood Park.
GILBERT, ARIZ. — Air Transport Components has signed a 123-month lease for a 62,413-square-foot manufacturing facility in Gilbert. The facility is located at 900 N. Fiesta Blvd. The company will be consolidating from 53,000 square feet at two facilities. The transaction was executed by Bob Kling and Dave Johnson of Lee & Associates Arizona.