ALSIP, ILL. — Meridian Design Build has been selected as general contractor for a 38-acre redevelopment project for Polmax Transportation at 122nd and Centeral in Alsip. Demolition is currently underway at the site, previously home to an auto auction mall. The project includes a 150,585-square-foot cross dock facility that will include truck maintenance and repair bays, a truck wash and 20,000 square feet of corporate offices. areté-Knight is providing architectural services and Hoefferle-Butler is completing the engineering work.
GLENDALE, CALIF. —Glendale-based Public Storage has purchased a six-property self-storage portfolio for $42 million. The portfolio consists of 517,000 square feet and 5,500 storage units. The properties are located in Philadelphia; Wayne, N.J.; Randolph, Mass.; Montclair, Calif.; and Pompano Beach and Hialeah, Fla. The portfolio is currently 65 percent occupied. Marc Boorstein and Jeff Jacobson of MJ Partners represented the seller, Babcock and Brown and four lenders, in the transaction.
LAS COLINAS — TMG-C Decor has purchased a 118,000-square-foot industrial building, located at 1411 W. Walnut Hill Ln. in Las Colinas. The building will serve as the company's corporate headquarters. Larry Robbins of Dallas-based Capstone Commercial and Allen Gump of Colliers International's Dallas office negotiated the transaction.
SOUTHLAKE — Dallas-based Bradford Commercial Real Estate Services has arranged a 94,993-square-foot, full-building lease in Heritage Business Park Building 1, located at 1100 Kimball Ave. in Southlake. Michael Spain of Bradford Commercial represented the landlord, Hawaii-based A&B Properties, in the lease transaction. Reggie Beavan of Jackson & Cooksey represented the tenant, Specialized Products Co.
SAN LEANDRO, CALIF. — Berber Food Manufacturing has signed a five-year lease renewal at 425 Hester Street in San Leandro. The company occupies 84,524 square feet at this light industrial facility. Berber was represented by Jim Bohar of Grubb & Ellis. The landlord, Hester Street Associates, dba Lowenberg Corporation, was represented by Greig Lagomarsino of Colliers’ Oakland, Calif., office.
ROMEOVILLE, ILL. — DCT Industrial Trust has acquired a 32.6-acre parcel in Romeoville. The company plans to start construction in May on DCT Boldt Park, a 604,000-square-foot, cross-dock facility. DCT Industrial is the project developer and Ryan Cos. will serve as general contractor. The project is slated for completion in the fourth quarter of 2012.
CHINO, CALIF. — General Cable Corporation has signed a lease renewal for 165,000 square feet of industrial space at its regional distribution center in Chino. The space is located at 13965 Pipeline Ave. General Cable was represented by Tim O’Rourke, Mike Fowler and Kris Bjorson of Jones Lang LaSalle's Chicago office. The landlord, Majestic Realty Corporation, was represented in-house by Trent Wylde.
STERLING, VA. — Terreno Realty Corp. has purchased a 69,000-square-foot industrial property, located one mile from the Washington Dulles International Airport in Sterling, for $6.1 million. The property is fully leased to one tenant.
LANSING, MICH. — Stag Industrial Inc. has acquired a warehouse and distribution facility in Lansing for $6.6 million. The 129,325-square-foot building was constructed in 2002 and renovated in 2008. The facility is fully leased to Joseph T. Ryerson & Son, a subsidiary of Ryerson Inc. The company processes and distributes metals such as carbon steel and aluminum products. Joseph T. Ryerson & Son has 7 years remaining on its lease.
ROSENBERG — Grubb & Ellis has brokered the sale of the 145,591-square-foot 235 Benton, an industrial property consisting of eight buildings and 35 acres of land located in Rosenberg. Beth Young, Henry Hagendorf and Frank Onorato of Grubb & Ellis' Houston office represented the seller in the transaction. The buyer was a private investor.