PLANTATION, FLA. — Plantation Technology Center, a 99,000-square-foot office building and warehouse at 1700 and 1800 N.W. 66th Ave. in Plantation, has sold for $8.85 million. Plantation Properties of Broward traded the property to COFE Fund I – Plantation LLC. Tenants at Plantation Technology Center include Metro PCS, the Broward County Department of Revenue and the Federation of Public Employees. Lloyd Berger and Judy Dolan of Berger Commercial Realty represented the seller.
ELGIN, ILL. — A joint venture between Conor Commercial Real Estate and Globe Corp. has acquired 20 acres in the Northwest Corporate Park in Elgin for the development of a 342,620-square-foot speculative industrial facility. The seller was The Busse Family. The facility will be designed to offer single- or multi-tenant suites ranging from 70,000 to 342,000 square feet. The building will feature 32-foot clear ceiling heights and office space. The project is slated to break ground in winter 2013. Kenneth Franzese and John Cassidy of Lee & Associates represented the joint venture in the deal. McShane Construction Co. and Ware Macolmb will provide construction and design services.
ROGERS, MINN. — ADO Products has signed a lease for 57,067 square feet in a new bulk warehouse building at the Liberty Industrial Park at Diamond Lake – Building 2 in Rogers. The 227,000-square-foot property is located at 13220 Wilfred Lane North and ADO expects to move into the facility in March 2013. Liberty Property Trust acquired land for the building in 2011 and invested $14 million for the development. Jeff Minea of CGC Commercial represented the tenant in the transaction.
SECAUCUS, N.J. — Housing and data center services company Internap Network Services Corp. has signed a lease expansion at 1 North Enterprises Ave. in Secaucus where it will occupy 100,000 square feet. The facility, owned by Prologis, will be Internap's 12th company-controlled data center across eight North American markets. The company expects to be fully operational by the fourth quarter of 2013. Jon Mayeske and Sean Brady of Cushman & Wakefield represented the tenant in the transaction.
REDONDO BEACH, CALIF. — Gourmet Trading has signed a 10-year lease for a 54,212-square-foot industrial facility in Redondo Beach. The lease is valued at $5 million. The space is located at 2580 Santa Fe Ave. The company plans to relocate to the new facility in early 2013. Gourmet Trading was represented by Luke Staubitz and Harvey Beesen of Klabin/CORFAC’s Los Angeles office. The landlord, CRC Investments, was represented by Jim Sullivan and Brad Vickrey of DAUM Commercial Real Estate Services.
TAMPA, FLA. — Safeguard Self Storage has sold a three-property self-storage portfolio in the Tampa area for approximately $25 million to W.P. Carey. The portfolio totals 2,250 units and 225,569 square feet. The three properties are located at 31100 U.S. Highway 19 North in Palm Harbor, Fla.; 3708 W. Bearss Ave. in Tampa; and 2501 22nd Ave. North in St. Petersburg, Fla. Michael Mele of Marcus & Millichap’s National Self-Storage Group represented Safeguard Self Storage in the transaction.
ARLINGTON — Signature Associates has arranged two industrial leases totaling nearly 300,000 square feet, located at 3001 E. Pioneer Parkway and 3400-3408 Randol Mill Road in Arlington. Peter Walocko of Signature represented the tenant, Android Industries, in the lease transaction. Signature Associates is an independently owned and operated member of the Cushman & Wakefield Alliance.
REDONDO BEACH, CALIF. — Gourmet Trading has signed a 10-year lease for a 54,212-square-foot industrial facility in Redondo Beach. The lease is valued at $5 million. The space is located at 2580 Santa Fe Ave. The company plans to relocate to the new facility in early 2013. Gourmet Trading was represented by Luke Staubitz and Harvey Beesen of Klabin/CORFAC’s Los Angeles office. The landlord, CRC Investments, was represented by Jim Sullivan and Brad Vickrey of DAUM Commercial Real Estate Services.
HAYWARD, CALIF. — Well Luck Company has purchased a 101,376-square-foot warehouse and distribution facility in Hayward. It is located at 26599 Corporate Ave. The company will be relocating to the new facility in early 2013. It plans to occupy 65,000 square feet. It will lease out the remaining 35,000 square feet. Well Luck was represented by Joe Yamin and Chet Barney of Colliers’ Oakland office. The seller was represented by Kevin Hatcher, Mark Maguire and Greig Lagomarsino of the same office.
BEECH BOTTOM, W. VA. — Los Angeles-based Hackman Capital Partners LLC has purchased the former Wheeling Corrugating plant in Beech Bottom at auction from RG Steel Wheeling LLC. The Business Development Corp. (BDC) of the Northern Panhandle, a nonprofit organization, received the property’s title following its auction and sale. Hackman Capital Partners and the BDC will develop and lease the site. Beech Bottom was one of RG Steel’s last held manufacturing facilities after the company filed for Chapter 11 bankruptcy this year. Hackman Capital Partners specializes in sourcing real estate and equipment deals through bankruptcies, turnarounds and financial restructurings. The Los Angeles firm sourced the deal with National Machinery Exchange and Capital Recovery Group, and is working in cooperation with the BDC. The 600-acre site sits on the Ohio River and includes 150 acres available for development.