ROCHELLE, ILL. — Del Monte has signed a lease for 312,750 square feet of industrial property in Rochelle, located about 80 miles west of Chicago.Del Monte has expanded their current lease by 104,008 square feet. Jim Planey and Jeff Janda of Lee & Associates represented Del Monte and the landlord, PAR Industrial, in the deal. Del Monte is a manufacturer and marketer of processed foods sold to a variety of food retailers.
DALLAS — Richardson-based Hill & Wilkinson General Contractors has begun construction on a new 187,810-square-foot sales and service facility, located in the Mountain Creek Business Park in Dallas. The new building will sit on a 20-acre site and provide repair and maintenance services for diesel and natural gas engines and power generation equipment made by Cummins Inc. The tenant is Arlington-based Cummins Southern Plains LLC. The new facility will employ more than 150 people, mostly technicians, distribution associates and administrative personnel. Hill & Wilkinson is providing design/build services for the project and Dallas-based Merriman Associates/Architects Inc. is providing architectural services. The facility is slated for a December 2013 delivery. Additionally, the City of Dallas is providing a seven-year property tax abatement toward 50 percent of the improved value of the property.
CHINO, CALIF. – Sares Regis Group (SRG) has sold about 2.1 million square feet worth of land and planned distribution buildings at the Chino South Logistics Center to Invesco Ltd for a reported $160 million. The four warehouse and distribution buildings are scheduled for completion in the second quarter of 2014. The 125-acre Chino South Logistics Center is the largest speculative industrial development in the Inland Empire. The recently sold land resides at the northeast corner of Euclid and Pine avenues in Chino. SRG and Invesco were both represented by Darla Longo, Barbara Emmons and Rebecca Perlmutter-Finkel in CBRE’s Los Angeles office, and Tom Taylor and Steve Bellitti in Colliers Seeley’s Inland Empire office.
POMPANO BEACH, FLA. — Southland Container Co. has leased 12,300 square feet of industrial space at 2680 Gateway Drive in Pompano Beach. Helen Weissman of Brenner Real Estate Group represented the landlord, ABC Pompano Beach Real Estate, in the transaction. Brian Smith of Florida Equities Group represented the tenant.
JANESVILLE, WIS. — Naturescape, a Midwest-based lawn care and treatment company, has purchased a 7,500-square-foot industrial building from T & D Builders for $380,000. The property, which is located at 4051 Commercial Drive in Janesville, includes 15 self-storage units. Maximilian Yokosh of Cassidy Turley Barry represented Naturescape in the deal. Bill Mears of Coldwell Banker represented T & D Builders.
SECAUCUS, N.J. — Hartz Mountain Real Estate has sold 2 Emerson Lane, a two story, 283,215-square-foot industrial facility in Secaucus for $18.4 million. CoreSite Realty Corp. purchased the property. The industrial building is situated on a 10-acre site and is close to the New Jersey Turnpike, Interstate 495, Newark Liberty Airport and Port Newark. It was purchased vacant and will be converted to a data center. The HFF investment sales team represented Hartz Mountain Real Estate in the deal.
CHINO, CALIF. – Sares Regis Group (SRG) has sold about 2.1 million square feet worth of land and planned distribution buildings at the Chino South Logistics Center to Invesco Ltd for a reported $160 million. The four warehouse and distribution buildings are scheduled for completion in the second quarter of 2014. The 125-acre Chino South Logistics Center is the largest speculative industrial development in the Inland Empire. The recently sold land resides at the northeast corner of Euclid and Pine avenues in Chino. SRG and Invesco were both represented by Darla Longo, Barbara Emmons and Rebecca Perlmutter-Finkel in CBRE’s Los Angeles office, and Tom Taylor and Steve Bellitti in Colliers Seeley’s Inland Empire office.
MONTEREY, CALIF. – A 22,912-square-foot R&D/flex building in Monterey has sold to 21 Lower Ragsdale Partners, LLC for $3 million. The property is located at 21 Lower Ragsdale. It contains 16,628 square feet of office and 6,285 square feet of warehouse space. The building was 65 percent occupied at the time of sale. The seller, Salinas Valley Memorial Healthcare System, was represented by Wylie Mitchell and Greg Findley of Cassidy Turley.
HARTSELLE, ALA. — Marcus & Millichap has arranged the $18.3 million sale of A Storage Place, a nine-property, self-storage portfolio in Alabama. The 504,000-square-foot portfolio includes 3,272 units. The facilities are located in Hartselle, Madison, Huntsville, Florence, Lacey's Spring and Decatur. The facilities include security cameras, gated entries, interior and exterior units, climate and non-controlled climate units and recreational vehicle and boat storage. Michael Mele and Edwin Greenhalgh of Marcus & Millichap represented the seller, a limited partnership in the transaction. The buyer is a Florida-based limited partnership.
WESTBURY, N.Y.— Kalmon Dolgin Affiliates Inc. has arranged a 68,000-square-foot, long-term lease for Mr. Wu, a manufacturer of tofu and bean sprouts, at 750 Summa Ave. in Westbury. Linda Wong of Kalmon Dolgin represented Mr. Wu, while David Sargoy of Brown Harris Stevens represented the owner, 750 Summa Avenue LLC, in the deal. Mr. Wu will occupy the entire one-story warehouse, which includes 1,000 square feet of office space.
