MCDONOUGH, GA. — Panattoni Development Co. has been selected by Georgia-Pacific Consumer Products to develop a 900,640-square-foot, build-to-suit distribution center, located at 493 Westridge Rd. in McDonough. Completion is slated for fall 2012. Sean Boswell of Colliers International's Atlanta office represented the tenant in the lease negotiation.
CAMBRIDGE, MD. — A 30,240-square-foot flex industrial building, located at 828 Fieldcrest Dr. in Cambridge, has been sold for $1.5 million. ABC Supply Co. formerly leased the building. Henry Hanna of Salisbury, Md.-based Sperry Van Ness-Miller Commercial Real Estate, represented the seller, the Maryland Economic Development Corp., in the transaction. The buyer was Triple Ventures.
OPELIKA, ALA. — Daesin Robot has completed the lease purchase of a 45,500-square-foot manufacturing building, located at 404 Fox Run Rd. in Opelika. David Barber of Binswanger's Atlanta office represented the seller, ATA Investments, in the transaction. Montgomery, Ala.-based Century 21 Brandy Wright Realty represented the buyer.
ARCADIA, FLA. — A 41,242-square-foot industrial building, located at 6018 SW Hwy. 72 in Arcadia, has been sold for $2.25 million. Gary Tasman and Shawn Stoneburner of Fort Myers, Fla.-based Cushman & Wakefield, Commercial Property Southwest Florida, represented Banc of America Leasing, the seller, in the transaction. Mark Mizell of Mulberry, Fla.-based Land South Realty represented the buyer, Cumberland and Western, which will use the property to manufacture roofing tile.
MIAMI — Avnet has signed a 103,131-square-foot lease renewal at Beacon at 97th, an industrial property located at 2011 NW 97th Ave. in Miami. Carol Ellis-Cutler of Colliers International's Miami office represented the tenant in the lease transaction. Brian Smith of Cushman & Wakefield's Miami office represented KTR Capital Partners, the landlord.
INDIANAPOLIS — Record Street Warehouse LLC has purchased a 110,000-square-foot industrial property in Indianapolis for an undisclosed amount. The building is located at 7800 Record St. Andrew Schrage of Coldwell Banker Commercial Realty Services represented Record Street in the transaction. The seller, LBC Corp. was represented in-house.
CARROLLTON AND DALLAS — Cobalt Capital Partners, through its Cobalt Industrial REIT III, has acquired a 914,209-square-foot industrial portfolio of eight properties in Carrollton and Dallas. The properties include 581,396 square feet at 1505, 1600, 1601, 1625 and 1640 Wallace Dr. in Carrollton; 209,000 square feet at 2829 Sea Harbor Rd. in Dallas; 62,893 square feet at 1620 Rafe St. in Carrollton; and 60,920 square feet at 1621 W. Crosby St. in Carrollton.
MILWAUKEE — Spanish manufacturer Sic Lazaro U.S. Inc. has purchased the former Rexcon Building in Milwaukee for $1.7 million. The company signed a short-term lease at the 138,870-square-foot plant last May to manufacture industrial counterweights. The lease deal included an option to buy the factory, which is located at 7044-7100 N. Teutonia Ave. Russ Sagmoen and Steve Sewart of Inland Co. represented the seller, Rose Industries, in the transaction.
MCCOOK, ILL. — A real estate fund managed by Morgan Stanley has purchased a storage facility in McCook for $7.2 million. The property includes 69,945-square-foot of rentable space and 698 storage units. Located at 9001 W. 47th St., the facility is about 90 percent occupied. The property will be rebranded as a Safeguard Storage. The sale marks the first non-distressed sale of a stabilized, Class A self-storage property in the Chicago area in three years.
DALLAS, ST. LOUIS, MO. —Dallas-based Cobalt Capital Partners has acquired a 1.6 million-square-foot industrial portfolio, located in the Dallas and St. Louis MSAs. The properties in the 13-building portfolio were built between 1980 and 2006. The acquisitions expand Cobalt's presence in the Dallas market to nearly 6 million square feet and double the company's presence in St. Louis to 1.4 million square feet. The purchase price was undisclosed.
