POOLER, GA. — A joint venture between H.J. High Construction Co. and Batson-Cook Co. has been selected to build the $16 million, 74,000-square-foot Bay 4, which will be Phase III of the Mitsubishi Power Systems Americas Savannah Machinery Works development, located off of Interstates 16 and 95 in Pooler. The facility will be used for gas turbine and steam turbine assembly activities. The project is slated for completion in March 2012.
SUNRISE, FLA. — RSM Sunrise Properties has purchased a 19,600-square-foot industrial building, located at 4615 N.W. 103rd Ave. in Sunrise, from Anthony Carlone and Frank Carlone for $1.51 million. Stephen Heim and Franklin Morrison of Fort Lauderdale, Fla.-based NAI Rauch Weaver Norfleet Kurtz & Co. represented the sellers in the transaction. Robert Listokin and Peyton Moore of Colliers International's Fort Lauderdale office represented the buyer.
AUBURN HILLS, MICH. — Fifth Third Bank has sold 176,130 square feet of industrial space, located at 3500-3900 Joslyn Rd. in Auburn Hills, to TD Joslyn Road for an undisclosed price. Paul Hoge of Southfield, Mich.-based Signature Associates represented the buyer in the transaction, and Southfield-based The Farbman Group represented the seller.
COMMERCE, GA. — A joint venture between Hillwood Investment Properties and Brookfield Real Estate Opportunity Fund II has purchased a 962,280-square-foot distribution facility, located at 1523 Steve Reynolds Industrial Blvd. in Commerce, from a joint venture between Aegon and Tucker, Ga.-based Rooker & Associates for an undisclosed price. Hillwood and Brookfield plan to invest $1.2 million in building improvements to offer the facility for leasing. Todd Barton and Greg Haynes of CB Richard Ellis' Atlanta office represented the buyer in the transaction. John Rooker and Murray Reavis of Rooker & Associates represented the seller.
GRAFTON, WIS. — Gunnar Wallin Properties has purchased a 70,217-square-foot industrial property, located at 1230 Cheyenne Ave. in Grafton from SKF USA for an undisclosed price. Sam Dickman, Jr., Sam Dickman and Anthony Huenerbein of Milwaukee-based The Dickman Co. — CORFAC International represented the buyer in the transaction and Adam Williquette of NAI MLG Commercial represented the seller.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
FLORENCE, S.C. — Farmington, Conn.-based Otis Elevator has purchased the 423,581-square-foot Florence Industrial Center, located at 1500 Range Way in Florence, from Hackman Capital for an undisclosed price. John Ticon and Edward Kercher of Cushman & Wakefield's Charleston, S.C., office represented the buyer in the transaction. Randy Stump of Charlotte, N.C.-based The Stump Corp. represented the seller.
SYRACUSE, N.Y. — Minneapolis-based NorthMarq Capital has arranged $6.55 million in first mortgage financing for Woodbine Warehouse, a 200,000-square-foot industrial facility at 5717 Enterprise Pkwy. in Syracuse. NorthMarq's Michael James arranged the financing based on a 10-year term with a 15-year amortization schedule through NorthMarq's correspondent relationship with Sun Life of Canada.
CHICAGO — Summit Design + Build has completed a $20 million, 91,000-square-foot headquarters and product distribution facility for Testa Produce, located at 4555 S. Racine Ave. in Chicago. The facility sits on 11 acres in the Chicago Stockyards Industrial Park. Testa Produce will relocate from its existing facility at 1501 N. Blue Island Ave. in Chicago.