ELKRIDGE, MD. — Terreno Realty Corp. has purchased a 66,000-square-foot industrial building, located at 7125 Troy Hill Drive in Elkridge, for $6.7 million. The property is 90 percent leased to two tenants. As part of the transaction, the company assumed a $3.6 million mortgage loan.
Industrial
GARDNER, KAN. — Chambers Street Properties has purchased a fully leased 1.1 million-square-foot warehouse and distribution facility in Gardner, a suburb of Kansas City. The acquisition includes an adjacent 20.3 acres, which is currently zoned for 450,000 square feet of additional warehouse and distribution space. The single-story building was completed in 2009 and is the primary distribution center for Coleman Co., a sporting goods manufacturer. The property is leased through January 2020. The building is less than five miles from BNSF Railway's $250 million railroad-to-truck Intermodal Center, due for completion next year.
BRIDGEPORT, N.J. — A partnership between Hillwood Investment Properties and Brookfield Asset Management has acquired a 600,000-square-foot distribution building at Pureland Industrial Park in Bridgeport. The property was developed in 1991 and includes 42-by-42 foot column spacing and potential for future rail access. The building is located at 200 Birch Creek, less than two miles from Exit 10 off Interstate 295.
REDLANDS, CALIF. – Medline Industries has leased a 147,677-square-foot industrial building in Redlands. The facility is located at 1455 Research Drive. Medline plans to fully occupy the building. The company was represented by Chuck Belden of Cushman & Wakefield. The landlord, BlackRidge Real Estate Group/ Verde Realty, was represented by Juan Gutierrez, Frank Geraci, Walt Chenoweth and Patrick Wood of Voit’s Inland Empire office.
LOS ANGELES – Garment manufacturer Ginger Green has purchased a 37,607-square-foot industrial building in Los Angeles for an undisclosed sum. The building is located at 3616 Noakes Street. Richard Horn and Philip T. Attalla of NAI Capital represented the seller, Tan Atlantic Petrolia, LLC, in this transaction.
BELTSVILLE, MD. — CBRE Group has arranged the $5.45 million sale of a 72,222-square-foot office and distribution building, located at 11900 Old Baltimore Pike in Beltsville. The property is fully leased. Bruce Strasburg and Marc Rampulla of CBRE Group represented the seller, Beltsville I, in the transaction. The buyer was 11900 Old Baltimore Pike LLC, an entity controlled by Isaac Pretter and Eron Sodie.
AURORA, ILL. — Phonak LLC has purchased a 92,692-square-foot flex building at 444 North Commerce Dr. in Aurora for $4.7 million. Phonak was an existing tenant within the building and originally leased 27,095 square feet in 2011. Dan O'Neill, Jeff Fischer and Kelly Disser of NAI Hiffman represented the seller, Duke Realty, in the transaction. Sven Sykes and RIck Morris of Colliers International represented the buyer.
ONTARIO, CALIF. – Sempermed USA and Googol Engine Tech have leased a total of 68,285 square feet of industrial space within Ontario’s Cobalt Business Center. The 111,890-square-foot industrial complex is located at 4051 Santa Ana Street and 710 Dupont Ave. Sempermed leased 37,490 square feet at 710 S. Dupont, while Googol leased 30,785 square feet at 4051 Santa Ana. Ruben Goodsell, Jeff Bellitti and Mike McCrary of Jones Lang LaSalle Los Angeles represented the landlord, Cobalt Industrial REIT III, in this transaction. Sempermed was represented by Barret Woods of Lee & Associates, and Googol was represented by Nancy Chen of Home Times Group.
CHARLESTON, S.C. — 484 King St. LLC has sold an 18,000-square-foot warehouse and showroom, located at 482 King St., 484 King St. and 83 Mary St. in Charleston, for $3.5 million. Richard Morse of Palmetto Commercial Properties represented the seller in the transaction. Bill Edlund, also of Palmetto Commercial Properties, represented King Street Enterprises, the buyer.
CHARLOTTE, N.C. — Capital Advisors has arranged $3.95 million in refinacing for the 158,231-square-foot Conbraco Industrial Building, located at 701 Matthews-Mint Road in Charlotte. Ridge Stafford of Capital Advisors arranged the 25-year, fully amortizing loan through Standard Insurance Co.