AUSTIN — Marcus & Millichap Capital Corp. (MMCC) has arranged an $11.5 million loan for the refinancing of a six-property, 2,109-unit self-storage portfolio across the State of Texas. Michael Laurencelle of MMCC's Austin office arranged the 10-year loan with a 30-year amortization schedule and a fixed rate of 5.41 percent.
ROGERS, MINN. — Liberty Property Trust plans to break ground on a 227,000-square-foot industrial building this June at Liberty Industrial Park at Diamond Lake in Rogers. The $14 million, multi-tenant building will be located on 13 acres at 13320 Wilfred Lane North. The building will include four distinct entrances and 27 dock doors. The project is expected to be complete by the end of the year. Edward Farr of Edward Farr Architects Inc. is the architect for the project, and Anderson K.M. Builders is the general contractor.
WAUKEGAN, ILL. — Brown Paper Goods is expanding its operations and has leased 26,642 square feet of industrial space within a 180,000-square-foot building at the Amhurst Lakes Business Park in Waukegan. Brown Paper Goods manufactures and distributes specialty paper bags and sheets for the food industry. The building is located at 3630 Burwood, which is close to the company's headquarters in the business park. Whit Heitman, Sam Badger and Brad Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Prudential, in the transaction. Ryan Bain of CBRE represented the tenant.
RICHARDSON — Go Industries has purchased a four-building, 39,602-square-foot industrial complex, located at 909 N. Bowser Road in Richardson. Kevin Santaularia of Dallas-based Bradford Commercial Real Estate Services represented the buyer in the transaction. The seller was Atlas Copco Compressors.
ELIZABETHTOWN, PA. — Exeter Property Group has purchased 1499 Zeager Rd., a 290,000-square-foot industrial building in Elizabethtown. Prior to the sale, the former single-user facility had been converted to multi-tenant use. The building is approximately 50 percent occupied by companies in the pet pharmaceutical industry, such as Butler Schein Animal Health. Gerard Blinebury, Leah Balerno and Pat McBride of Cushman & Wakefield represented the seller in the transaction. Exeter was represented in-house.
SPRINGFIELD, MO. — Arrowhead Building Supply Inc. plans to invest $3 million to construct a 30,000-square-foot industrial facility in Springfield. Arrowhead, a distributor and wholesaler of exterior building supplies and materials, will add 10 new jobs to its local workforce. In addition to the new Springfield location, the company has a 26,000-square-foot facility in Hollister and two locations in the St. Louis region. The family-owned company has qualified for $276,955 in state and local benefits through the Missouri Department of Economic Development and the City of Springfield's Enhanced Enterprise Zone tax incentive program.
WOODRIDGE, ILL. — Dik Drug Co. has extended its lease for 28,436 square feet at 2145 Internationale Parkway in Woodridge. Dik Drug is a regional distributor of more than 20,000 pharmaceutical products to independent pharmacies. The Chicago-based company first leased the Woodbridge warehouse facility in 2009. John Whitehead of NAI Hiffman represented the tenant in the transaction. Tim Thompson of HSA represented the landlord, IIT.
CARTERET, N.J. — The Hampshire Cos. has sold a 299,625-square-foot industrial building at 2-8 Germak Dr. in Carteret to A.J. Richard & Sons. The building is situated on more than 15 acres in one of New Jersey's prime distribution markets, offering access to the Port of New York/New Jersey and Newark Liberty International Airport. The Hampshire Cos. acquired the property in 2008, fully leasing it to A.J. Richard & Sons, a family-owned appliance and electronics company. Cassidy Turley represented The Hampshire Cos. in the transaction. Studley represented the buyer.
ALLENTOWN, PA. — Lehigh Valley Express, a trucking storage and specialized freight company, has signed a lease for 17,800 square feet of flex space at 6690 Grant Way in Allentown. The lease marks the company's second Lehigh Valley location. Jay Haines of NAI Summit represented the tenant in the transaction.
ARVADA, COLO. — SKYLouver Systems has signed a five-year lease for 10,283 square feet at the Ralston Business Center in Arvada. The center is located at 5525 W. 56th Ave. The company will utilize the space as a research and development facility. SKYLouver was represented by Brady Welsh and Jeffrey Nations of Bitzer Real Estate Partners/CORFAC International.