Industrial

ELK GROVE VILLAGE, ILL.— Duke Realty has broken ground on a 229,841-square-foot distribution center for Yusen Logisitics (Americas) Inc. in Elk Grove Village, immediately west of O'Hare International Airport. The facility will be located on a 10-acre site on Busse Road and will feature 30 exterior dock doors and 28,000 square feet of office space. The building is scheduled to open in April 2013. John Suerth of CBRE Group represented Yusen Logistics in the transaction. David Bercu of Colliers International represented Duke Realty.

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NOBLESVILLE, IND. — Meritex has sold a 51-acre land site at 146th Street and Howe Road in Noblesville to SMC Corporation of America. Meritex acquired the property in 2008 with the intent of developing a light industrial park totaling more than 500,000 square feet. However, the recession caused a significant drop in demand for new space, says Dan Williams, chief investment officer of Meritex. SMC plans to use the land as an adjunct to its campus. Jeremy Woods of Summit Realty Group represented Meritex in the transaction.

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YORBA LINDA, CALIF. – Radius Power has purchased a 34,972-square-foot industrial building in Yorba Linda for $3.8 million. It is located at 22895 Eastpark Drive. The company plans to relocate its headquarters and expand its manufacturing operations at the new facility. Radius Power was represented by Mitch Zehner of Voit’s Anaheim office. The seller, Eastpark Drive, LLC, was represented by Zach Niles of 360 Commercial Partners.

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SAN DIEGO – A 77,760-square-foot industrial building in San Diego has sold to ALCO Investment Company for $4 million. The building is located at 1840 Dornoch Court. ALCO was represented by Darren Mullins and Erik Parker of Cassidy Turley San Diego. The seller, CRE LJ CA, LLC c/o OneWest Bank, was represented by Tim Winslow, Jason Kimmel, Kevin Nolen, Trevor Jenson and Regan Tully, also of Cassidy Turley.

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RANCHO DOMINGUEZ, CALIF. — Davis Trucking, LLC has leased a 57,600-square-foot warehouse/distribution facility in Rancho Dominguez. The company plans to relocate its Los Angeles operations to the new facility, which is located at 3090 Via Mondo. It is relocating from nearby Carson. The seven-year lease was valued at $2.8 million. Davis Trucking was represented by Tommas Golia of Pacific Coast Commercial. The landlord, KTR Capital Partners, was represented by Frank Schulz, Todd Taugner and David Prior in Klabin/CORFAC’s Torrance office.

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CHANDLER, ARIZ. — Warner Commerce Park, an 85,985-square-foot industrial property in Chandler, has sold to Dalfen America for $3.35 million. The center is located at 455-495 E. Warner Road. The REO property was sold by US Bank. The sale included two manufacturing/distribution buildings, a 50,436-square-foot building at 455 E. Warner and a 35,551-square-foot building at 495 E. Warner. Dalfen America was represented by Pete Klees, Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial.

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MIAMI — The 302,825-square-foot Aventura Industrial Center, located at 555 NE 185th St. and 320 NE 187th St. in Miami, has sold for $18.7 million. The two-building property is fully leased. Christian Lee, Charles Foschini, José Antonio Lobón, David Albert, Devin White, Chris Riley and Brian Budnick of CBRE Group represented Principal Real Estate Investors, the seller, in the transaction.

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NORTHLAKE AND BOLINGBROOK, ILL. — Both WEG Electric Motors Corp. and HD Supply have inked leases to expand industrial space in two Illinois properties owned by Duke Realty. WEG Electric has expanded its space by 84,000 square feet by relocating to Crossroads 1 in Bolingbrook. The company signed a lease for 163,470 square feet. HD Supply expanded into the 79,288 square feet vacated by WEG Electric at Northlake I, located at 635 Northwest Ave. in Northlake. Darren Ross of Colliers International and Brian Carroll of Newmark Grubb Knight Frank represented WEG in its transaction, while John Cash of NAI Hiffman represented HD Supply. Duke Realty was self-represented by Susan Bergdoll in both deals.

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