BRIDGETON, MO. — Train U.S. Inc. has inked a lease for 33,847 square feet of industrial space at 170 Corporate Woods Court in Bridgeton. Tim Balk and Tom Caskanett of Solon Gershman represented the landlord, Ashby Road Partners IV LLC, in the transaction.
Industrial
BETHEL TOWNSHIP, PA. — Dollar General Corp. has plans to build a $100 million, 900,000-square-foot distribution center, located at Interstate 78 and State Route 501 in Bethel Township. The facility will be located in Berks Park 78, a new industrial park, and is expected to create 500 jobs as well as an additional 75 trucking jobs. A group of economic development professionals housed within the state's Department of Community and Economic Development coordinated the project with the Berks County Industrial Development Authority. With more than 10,000 stores in 40 states, Dollar General has more retail locations than any retailer in America. In fiscal 2011, the retail chain posted $14.81 billion in sales. Construction is slated to begin this fall, with hiring starting in the fall of 2013.
HOUSTON — Emser Tile has renewed its lease of a 417,350-square-foot distribution center, located at 9835 A Genard Road in Houston's Northwest submarket. First Industrial Realty Trust, the landlord, was self-represented by Royal Pratt. As of March 31, First Industrial's 3.6 million-square-foot portfolio in Houston was 99 percent leased.
LOCKPORT, ILL. — Bridge Development Partners has acquired 50 acres of land for the development of a new business park in Lockport. The site is midway between 1-55 and 1-80 and includes frontage along 1-355. The space can accommodate up to 1 million square feet of light industrial and distribution space. Bridge plans to break ground on a speculative building in 2013. The land is fully zoned and entitled.
SUGAR LAND — NAI Houston has brokered the sale of a 40,000-square-foot industrial facility, located at 510 Industrial Blvd. in Sugar Land. Chris Caudill and Joel Michael of NAI Houston represented the seller, KW Industries Inc., in the transaction. Blake Gibson and Ashley Yoder of Colliers International represented the buyer, Petronash.
ANAHEIM, CALIF. — A 28,045-square-foot industrial building in Anaheim has sold to La Jolla Leasing M&A, LLC for $2.95 million. It is located at 1240 N. Red Gum Street. La Jolla Leasing plans to occupy the entire building. The buyer was represented by Scott Seal of Lee & Associates. The seller, Frances Seiford, was represented by Seth Davenport and Mitch Zehner of Voit’s Anaheim office.
OLIVE BRANCH, MISS. — Grandbridge Real Estate Capital has secured $11 million in first mortgage financing for the 234,660-square-foot Anda Pharmaceuticals Distribution Center, a single-tenant warehouse located in Olive Branch. Tom Turner of Grandbridge's Kansas City, Mo., office arranged the 10-year loan with a 16-year amortization schedule through Thrivent Financial for Lutherans.
BOSTON — Boston-based STAG Industrial has acquired a six-property industrial portfolio for $30.6 million. The buildings, which total more than 772,000 square feet, are located in Connecticut, Florida, North Carolina, South Carolina, New York and Texas. The properties include three warehouse and distribution facilities and three light manufacturing buildings and are fully leased to three tenants. The acquisition is the first transaction resulting from STAG's recent agreement with Columbus Nova Real Estate Acquisition Group to source sale-leaseback transactions for the company.
FORT WORTH — ML Realty Partners has purchased a 348,871-square-foot industrial portfolio, consisting of three properties located in Centreport Business Park in Fort Worth. Randy Baird, Jud Clements, Robby Rieke and Chris Selbo of HFF represented the seller, AEW Capital Management LP., in the transaction.
ANAHEIM, CALIF. – A 26,033-square-foot industrial building in Anaheim has sold to DG Performance for $3.3 million. It is located at 4100 E. La Palma Ave. DG Performance plans to occupy the entire building. Seth Davenport and Mitch Zehner of Voit’s Anaheim office represented the buyer. The seller, Simon Ozkan, was represented by Derek Paul of Ashwill Associates.