GARRETT, IND. — Bell Equipment Services has purchased a 14,420-square-foot industrial building in Garrett. The property is situated on 4.6 acres at 2431 Forrest Park Dr. Tyler Binkley of NAI Harding Dahm represented the seller, Multiple Trusts – Bertsch, in the transaction. He also represented the buyer.
WILLIAMSTOWN, N.J. —NorthMarq Capital has arranged $2.2 million in acquisition financing for Monroe Commerce Center, a 96,800-square-foot industrial property at 1031 Glassboro Road in Williamstown. Michael Aylmer and Doug Austin of NorthMarq Capital secured the 15-year loan through a life insurance lender. The loan contains a 15-year amortization schedule.
GRAND PRAIRIE — Stream Realty Partners has secured a new lease of 225,000 square feet for Southwest Molding in Grand Lakes Distribution Center, located at 3845 Gifford St. in Grand Prairie. This transaction stabilizes the 636,000-square-foot speculative distribution center. Cannon Green and Bob Hagewood of Stream Realty represented landlord, Crow Holdings, in the transaction. Nathan Orbin and Michael Swaldi of Jones Lang LaSalle represented the tenant.
IRVING — Johnson Capital has procured a $2.55 million loan to refinance the 62,615-square-foot Story Business Center, an industrial property located on Story Road near Beltline Road in Irving. Jason Pumpelly of Johnson Capital’s Dallas office originated the 10-year, non-recourse loan through a CMBS lender.
VISTA, CALIF. — Select Supplements has leased a 39,672-square-foot industrial space within OakRidge Business Center III in Vista. The center is located at 2390 Oak Ridge Way. Isaac Little and Marko Dragovic of Lee’s North San Diego County office represented both the tenant and the landlord, SR Commercial, in this transaction.
MESA, CALIF. — Mitel Networks Corporation has signed a 5.5-year lease for 38,157 square feet of warehouse space at Broadway 101 Commerce Park in Mesa. The warehouse is located at 2160 W. Broadway Road. Mitel plans to use the space as its warehouse distribution center. The company will relocate from its current facility in Tempe this fall. Mitel was represented by Robert Stephens and Tricia Gumulka of Newmark Grubb Knight Frank. The landlord, Lincoln Property Company, was represented by Mike Haenal and Mark Tuite of Cassidy Turley in this transaction.
FRANKLIN, WIS. — Distribution Solutions has inked a lease for 18,600 square feet of industrial space at Franklin Commerce Center, located at 9630 S. 54th St. in Franklin. Tom Shepherd and Jim Larkin of Colliers International represented the landlord, CLPF Franklin LLC, in the transaction.
OKLAHOMA CITY — Monmouth Real Estate Investment Corp. has acquired a 119,912-square-foot industrial property, located at 2710 S. W. 18th St. in Oklahoma City, for $9.45 million. The property is net-leased for 10 years to FedEx Ground Package System. The facility was constructed by Jones Development Co. and is situated on an approximately 15-acre site.
HUNTINGTON, N.Y. — Stalco International Group has completed construction of a 12,000-square-foot industrial facility at 1674 East Jericho Turnpike in Huntington. Florence Building Materials, a roofing and siding distributor, will use the building for warehousing. The one-story facility is connected by two pre-existing buildings: an office structure and another storage building. Baldassano Architecture served as the architect and mechanical, electrical and plumbing engineer for the project.
HAYWARD, CALIF. – A 108,000-square-foot warehouse located at 31056 Genstar Road in Hayward has sold to Win Woo Trading for more than $7 million. Win Woo plans to expand into the facility, while maintaining its presence at its current 25,000-square-foot facility. The company was represented by Jesse Lucas and Ryan Martens of Lee & Associates Oakland. The seller, Welcome Markets, was represented by CTBT.