HOUSTON — Houston-based ICO Commercial has arranged a 33,260-square-foot lease of showroom and warehouse space, located at 9503 and 9505 Harwin Dr. in Houston. Los Angeles-based Discount King leased the property from the undisclosed landlord. Larry Indermuehle and Jane Holloway represented the landlord in the lease transaction.
LA PALMA, CALIF. — Travelers Club Luggage has signed a 63-month lease for 131,280 square feet at an industrial building in La Palma. The new lease will take the building, which is owned by DEXUS Property Group, to 100 percent occupancy. Kent Choi of NAI Capital represented Travelers Club Luggage. Peter Castleton, Cameron Driscoll and Luke McDaniel of Voit Real Estate Services represented DEXUS in this transaction.
ST. ROSE, LA. — Delta Petroleum Co. has signed a 220,000-square-foot lease for an industrial property, located at 10352 River Rd. in St. Rose. Tom McGarity of Cassidy Turley's Columbus, Ohio, office, along with Max J Derbes Co., represented the tenant in the lease transaction. Yeti Holdings is the landlord.
NAPERVILLE, ILL. — Duke Realty Corp. has acquired an 827,258-square-foot industrial building in Naperville, which is fully occupied by Crate and Barrel under a long-term lease. Jeff Devine, Steve Disse and Jeff Kahan of Colliers International represented the seller, DB Real Estate West Jefferson Partners, in the transaction. The acquisition is Duke's fourth industrial purchase in Chicago since 2011, raising its total portfolio in the market to 10 million square feet.
MICHIGAN AND OHIO — CIT Capital and Blue Water Automotive Inc.'s Creditors' Trust has sold a 775,000-square-foot, nine-building industrial portfolio in Michigan and Ohio. Several industrial manufacturing firms purchased the properties independently, which will utilize the buildings for a variety of manufacturing and distribution operations. The properties include a 140,000-square-foot building in Port Huron, Mich.; a 136,744-square-foot building in St. Clair, Mich.; a 133,000-square-foot building in St. Clair; a 70,280-square-foot building in St. Clair; a 63,550-square-foot building in Caro, Mich.; a 59,500-square-foot building in Wauseon, Ohio; a 56,296-square-foot building in Marysville, Mich.; a 54,166-square-foot building in Lexington, Mich.; and a 44,120-square-foot building Marysville. Rob Gemerchak, Andrew Harris and Bob Boyle of Binswanger represented the sellers in the transaction.
SAN FRANCISCO — Dennis Williams of NorthMarq Capital's San Francisco office arranged $20.1 million in acquisition financing for the Terreno portfolio. The Torino portfolio contains a combined 444,838 square feet in five industrial properties located in New Jersey, California, Washington and Flordia. Collectively these properties are 97 percent occupied. NorthMarq arranged the 7-year loan through its relationship with Prudential Life Insurance. The loan has a 30-year amortization schedule.
MCDONOUGH, GA. — Haas Group International has signed a 113,104-square-foot lease at the Westridge Logistics Center, located at 418-450 Westridge Pkwy. in McDonough. Denton Shamburger of Lincoln Property Co. Southeast's Atlanta office represented Morgan Stanley, the landlord, in the transaction. John Lancaster of NAI Robert Lynn's Dallas office represented the tenant.
RICHMOND, IND. —Chicago-based Perpetual Recycling Solutions has acquired the former 100,000-square-foot Amcast General Aluminum facility in Richmond. The company plans to invest $25 million in new equipment for its recycling facility. Tim Echemann of Industrial Property Brokers represented the seller, Park Ohio, in the transaction. The purchase price was undisclosed.
SADSBURY, TOWNSHIP, P.A. —New York City-based Area Property Partners has purchased a 314,521-square-foot bulk distribution center in Sadsbury Township for $16.2 million. The Class A facility is located at 200 W. Stewart Huston Dr. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller, BPG Properties, in the deal.
CLINTON, N.J. — Woodmont Industrial Partners and AEW Capital Management have jointly acquired the I-78 Logistics Center in Clinton for an undisclosed sum. The venture plans to convert the property, located at 111 Cokesbury Rd., into a regional distribution center. This is the first of what the venture anticipates will be a number of strategic acquisitions of industrial properties in seaport markets in the eastern U.S. Woodmont and AEW plan to acquire $250 million of assets under this investment program.