QUEEN CREEK, ARIZ. — A 16,615-square-foot industrial manufacturing building located at 21775 E. McCowan Lane in Queen Creek has sold to Ranchland Holdings I, LLC for $1.1 million. The one-story building was constructed in 2004 and contains 13,114 square feet of warehouse and 3,500 square feet of office space. Ranchland Holdings was represented in-house, while the seller, MidFirst Bank, was represented by TJ Swearengin and Matt McDougall of Lee & Associates.
BALTIMORE — Everything Warehouse has signed a 54,600-square-foot warehouse lease, located at 1615 Wicomico St. in Baltimore. The property is located at the 325,000-square-foot 1601 Wicomico Street, a recently redeveloped industrial property. McLane Fisher and Ned Brady of Cushman & Wakefield of Maryland represented the tenant in the lease transaction. 1601 Wicomico LLC is the landlord.
STAUNTON, ILL. — Kaiser Electric is constructing its portion of an $8 million water treatment plant in Staunton, which is slated for completion in February 2013. The facility is located at 935 N. Easton St., about 25 miles north of downtown St. Louis. About 80 percent of the Staunton Water Treatment Plant will be located underground, with major structures and piping out of view. Kaiser Electric's crews are installing electrical service for the plant and installing two standby generators. Korte & Luitjohan Contractors is the general contractor for the project and Heneghan & Associates is the architect and engineer.
EAST ST. LOUIS, ILL. — ABC Supply Co. has leased 78,000 square feet of industrial space at 104 St. Clair Ave. in East St. Louis. BARBERMurphy Group represented the tenant in the transaction. They also represented the landlord, T&P East Side Investors.
CHICAGO — Jones Lang LaSalle's Capital Markets and Industrial Services has arranged a programmatic joint venture equity vehicle between Sitex Realty Group (SRG) and State Teachers Retirement System of Ohio, which will seek to acquire more than $140 million of industrial real estate over the next two years. Slated to begin June 1, the venture will target the Chicago, New Jersey and New York metro regions for its acquisitions. SRG will lead and operate the new venture. James Tramuto, Keith Stauber, John Huguenard, Dave Hendrickson and Sean Devaney led the Jones Lang LaSalle team in the transaction.
BEAUMONT — McCarthy Building Cos. has been selected to build the Maritime Administration Beaumont Layberth Facility, a $34.6 million design/build marine project located on the Neches River in Beaumont. The project is McCarthy's first contract with the U.S. Department of Transportation. The project will provide long-term safe lay-berthing facilities for eight large vessels and will include fixed concrete berths, dredging, electrical service, shore side lighting, communication, parking lots, road construction, a perimeter fence and a controlled access gate. Construction is scheduled to begin in October and completion is slated for July 2013. HDR Engineering is the lead design engineer for the project.
SHERWOOD, ORE. — U-Haul has purchased a 60,000-square-foot facility in Sherwood from Tercek Properties for $3.6 million. The company plans to use this space as a full-service facility with storage, vehicle rentals and trailer hitch installation. The sale was brokered by Scott Finney of Norris & Stevens.
MESA, ARIZ. — Falcon Commerce Park, a 33,340-square-foot, two-building industrial project in Mesa, has sold to L’Argent LLC for $1.9 million. The park is located at 1656 North Banning and 1655 North Rosemont. L’Argent was represented by Mike Parker of Colliers. The seller, Arizona Graystar Return, LLC, was represented by Paul Boyle and Rick Danis of Cassidy Turley BRE Commercial’s Capital Markets Group.
WAUKEGAN, ILL. — Visual Pak Cos. has renewed its lease for 111,182 square feet at 1817 Waukegan Road within the Amhurst Lake Business Park in Waukegan. The packaging provider chose to remain at the industrial facility due to its close proximity to Visual Pak's headquarters building. Whit Heitman, Samuel Badger and Brad Weiner of Paine/Wetzel/TCN Worldwide represented the tenant in the transaction. They also represented the landlord, Prudential Real Estate.
NEW YORK CITY — The Brooklyn Navy Yard Development Corp. plans to invest $46 million to build a manufacturing center in the Navy Yard, which will focus on environmentally friendly tenants. The company recently announced two anchor tenants — Crye Precision and Macro Sea. Crye designs and manufactures body armor and apparel for the U.S. armed forces. The company received $1 million in funding to expand its current operations at the Navy Yard and agreed to lease 80,000 square feet. Macro Sea, a real estate developer, will lease more than 50,000 square feet for a new facility called New Lab. The space will promote innovative design and incorporate universities and businesses in a collaborative workspace. The Green Manufacturing Center will be housed in three former World War II-era machine shops. Major construction is set to begin this summer and will take approximately 18 months to complete.