SALT LAKE CITY — Westport Distribution I & II, a pair of bulk distribution buildings totaling more than 750,000 square feet in Salt Lake City, have sold to Industrial Income Trust (IIT) for $47.5 million. IIT was represented by Bryce Blanchard of NAI West. The firm’s Mike Falk and Steve Condie also represented the seller, Buzz Oates Real Estate.
SUFFOLK, VA. — Superwatt Power International Co., one of the largest generator set manufacturers in China, has acquired a 30,525-square-foot industrial facility at 1013 Obici International Blvd. in Suffolk for $1.5 million. Superwatt plans to occupy the facility, which will be known as Grandwatt Electric Corp. Bobby Phillips and Jeffrey Cooke of Cushman & Wakefield represented the seller, Wells Fargo Bank, in the transaction.
INDIANAPOLIS — Click Ship Commerce has signed a lease for 25,850 square feet of industrial space at Hillsdale Business Park, the largest industrial park in Indianapolis, located at 770 N. Shadeland Ave. Jones Lang LaSalle represented Click Ship Commerce and the landlord, Hillsdale Property Co. LLC, in the deal. The firm is moving from 15268 Herriman Blvd. in Nobesville, Ind. Click Ship Commerce is an e-commerce company that operates multiple websites selling consumer products.
CRANFORD, N.J. — Ashley Business Park, a 259,670-square-foot light industrial complex in Cranford, has sold for $8.2 million. Cranford Business Park LLC, a partnership of three major tenants at the property, acquired the asset. The business complex is located at 570 S. Ave., about 15 miles southwest of New York City. Renovated in 2000, the property is 88 percent leased and includes 187,881 square feet of industrial space and 71,289 square feet of office spaces. HFF marketed the property on behalf of the court appointed rent receiver, Onyx Equities LLC.
WINSOR, CONN. — Griffin Land has signed J.B. Hunt Transport Services Inc., a logistics management compmany, to a lease for 24,000 square feet of industrial space at 75 International Drive in Windsor. 75 International Drive is a 117,000-square-foot industrial building that includes a steel frame and 26-foot high ceilings. Chris Metcalfe and Jeffrey Sperry of CB Richard Ellis represented J.B. Hunt, and Griffin Land represented itself in the deal.
CARROLLTON, TEXAS — CBRE has brokered the sale of a 288,000-square-foot industrial property, located at 1800 Columbian Drive in Carrollton. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the seller, Clarion Partners, in the transaction. The buyer was Iron Mountain, the sole tenant of the property.
SALT LAKE CITY — Westport Distribution I & II, a pair of bulk distribution buildings totaling more than 750,000 square feet in Salt Lake City, have sold to Industrial Income Trust (IIT) for $47.5 million. IIT was represented by Bryce Blanchard of NAI West. The firm’s Mike Falk and Steve Condie also represented the seller, Buzz Oates Real Estate.
MONROE TOWNSHIP, N.J. — CenterPoint Properties has purchased Barnes & Noble’s primary distribution center building for $83 million in Monroe Township. The 1.15 million-square-foot industrial property was constructed in 2005 and is located at Exit 8A of the New Jersey Turnpike. Cushman & Wakefield represented the buyer and the seller, a pension fund advisory firm. Barnes & Noble’s lease runs through 2020.
LONG ISLAND CITY, N.Y. — A 322,390-square-foot industrial building has sold for $40.7 million to two tenants-in-common entities. The three-story industrial property, which is managed by BLDG Management Co., is located at 47-25 34th St. in Long Island City, the westernmost neighborhood of New York City. Current tenants in the building include Polo Ralph Lauren, Gander and White and Eleni’s Bakery, among others. RFK Investment Sales and Advisory Services represented the seller, 4725-34 Associate LLC, and the buyer in the deal.
ENGLEWOOD, N.J. — Lee & Associates has closed the $9 million industrial sale of 330 S. Van Brunt St. in Englewood. Built in 1979, the single-tenant, net-leased facility is leased to DENTSPLY, a global manufacturer of affordable dental products. Michael Schaible of Lee & Associates represented the seller, Humphrey S. Lewis Urban Renewal Corp., Jeffrey Miller, also of Lee, represented the buyer, ITT Acquisitions LLC.