MIAMI — NorthMarq Capital has arranged $5.5 million in first mortgage refinancing for the 112,855-square-foot Transal Park, an industrial property located at 8305 NW 27th St. in Miami. Jeff Robertson of NorthMarq's Miami office secured the 10-year loan with a 25-year amortization schedule through State Farm Life Insurance Co.
KANSAS CITY, MO. — Clayco LLC has purchased an 85,000-square-foot industrial building at 1841 Vernon in Kansas City for an undisclosed price. Robert Galamba and Douglads Hedrick of Colliers International's Kansas City office represented the seller, Arvest Bank, in the deal. Alec Blackwell of Cassidy Turley represented the buyer.
SPRINGFIELD, N.J. — Ring Container Technologies, a plastic container maker, has signed a 64,338-square-foot lease at 50-52 Fadem Rd. in Springfield. The company plans to use the space to manufacture containers for the food industry. Barry Cohorsky of NAI Hanson's Hackensack, N.J. office represented the tenant in the transaction. Douglas Bansbach of Cassidy Turley represented the landlord, Bristol Group.
BUENA PARK, CALIF. — RockTenn Corporation has signed a five-year lease at a 110,609-square-foot industrial building in Buena Park. The lease is valued at $3 million. The company plans to distribute corrugated paper products at the 5600 Knott Ave. property. It will be relocating from nearby Santa Fe Springs. RockTenn was represented by Clyde Stauff and Chris Sheehan of Colliers International. The landlord, Crown Associates Realty Inc., was represented by Scott Smith and Tim Cronin of Lee & Associates.
COMMERCE, CALIF. — A 95,428-square-foot industrial property in Commerce has sold to American International Industries for $6 million. The property, which was vacant at the time of sale, is located at 6009-6041 South Malt Ave. American International plans to use this facility to expand its operations into Commerce. The company was represented by Jack Cline and Jeff Bethel of Lee & Associates. The seller, Hill’s Pet Nutrition, was represented by Frank Geraci, Walt Chenoweth and Juan Gutierrez of Voit’s Inland Empire office, and Brian McLoughlin and David Fults of the firm’s Commerce office.
EAST MANCHESTER TOWNSHIP, PA. — L'Oreal USA has signed a 12-year lease for 193,000 square feet at 75 Steamboat Blvd. in East Manchester Township. The building was previously used as a material handling facility for Harley Davidson Motor Co. L'Oreal will use the industrial facility for its Salon Centric division, with overnight deliveries to retail locations throughout the Northeast. The facility is scheduled to be fully operational by this fall. L'Oreal plans to expand the building by 92,500 square feet and R.S. Mowery & Sons is serving as construction manager for the building improvements. Ed Dudzinski and Richard Greenberg of Atlantic Real Estate Services represented the tenant in the transaction. Pat McBride and Gerry Blinebury of Cushman & Wakefield represented the landlord, Panattoni Development Co.
NEW YORK CITY — Ford Motors/Bay Ridge Automotive Corp. LLC has signed a 33,000-square-foot lease at 140 58th St. in Brooklyn, for a new Ford Motors service facility. The company will also have access to a 55,000-square-foot yard. Robert Klein of Kalmon Dolgin Affiliates represented the tenant in the transaction. He also represented the owner, the New York City Economic Development Corp.
CHATSWORTH, CALIF. — Earthly Body has purchased a 39,995-square-foot industrial property in Chatsworth for $3.8 million. The company plans to grow its business from three units totaling about 18,000 square feet to the single building. The property is located at 21900-21910 Plummer Street. Earthly Body was represented by John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers International’s Encino office. The seller, David Shoshan, was represented by Brock Burnett and Jeff Gould, also of the firm’s Encino office, along with DeGrinis, DuRoss and Abraham.
TORRANCE, CALIF. — Hi-Shear Technology Corporation has signed a lease extension for a 75,616-square-foot industrial facility in Torrance. The company utilizes this space at 24225 Garnier Street for its headquarters. It has resided at the building for seven years. Hi-Shear was represented by Adam Deierling of Colliers International. The landlord, Westamerica Corp., was represented by Todd Taugner, Frank Schulz and David Prior of Klabin Company/CORFAC International.
SPARTANBURG, S.C. — STAG Industrial has acquired a 409,600-square-foot warehouse and distribution center, located in Spartanburg, for $9.1 million. The property includes four adjoining buildings, which are fully leased to Louis Dreyfus Commodities Cotton Storage. The tenant has 4 years remaining on the lease term. Grice Hunt and Ford Borders of Greenville, S.C.-based NAI Earle Furman represented Bridgeport Properties National, the seller, in the transaction.