BUENA PARK, CALIF. – Home Design Outlet Center has leased an 18,179-square-foot industrial building in Buena Park. The outlet center plans to use the space as a product showroom and West Coast distribution center. Home Design was represented by Chuck Wilson and Brian Chastain of Colliers International. The landlord, RREEF, was represented by CBRE’s Laird Perkins.
ELK GROVE VILLAGE, ILL. — NAI Hiffman has arranged industrial lease transactions totaling 55,000 square feet in Elk Grove Village. In the largest of the three deals, Rational Cooking renewed its lease for 24,000 square feet at 1645 Greenleaf Ave. At 1485 Greenleaf Ave., Cristall Thread & Supply signed a new lease for 12,000 square feet. The company, a sewing threads and supplies provider, required a larger space and is moving from its former location at 690 Lunt Ave. Joe Bronson of NAI Hiffman represented the landlord, Mirvac, in both transactions. Rob Wheeler of Cresa Partners represented Rational Cooking and Tom Gath of Grubb & Ellis represented Cristall. Additionally, Land Air Express renewed its lease for 19,424 square feet at 2300 Estes Ave. Bronson represented the tenant. Prologis, the landlord, was self-represented.
CYPRESS, CALIF. – C&D Zodiac has signed a long-term lease for 85,773 square feet at an industrial building in Cypress. It is located at 11240 Warland Drive. The firm will use the space to expand its aircraft division. C&D was represented by Frank Adler and Jeff Hirsch of Lee & Associates Newport Beach. The landlord, Warland Investments Company, was represented by the Klabin Company.
GREEN BAY, WIS. — Stag Industrial has acquired a 200,000-square-foot warehouse and distribution facility near Green Bay for $9.3 million. The building is fully leased to a logistics company, which has five years remaining on its lease. The acquisition brings Stag's total acquisition volume to approximately $174 million.
MILFORD, MASS. — Noyles Sheet Metal has acquired 66 Sumner St. in Milford, a 15,900-square-foot manufacturing building for $810,000. The property is situated on two acres of land and Noyes Sheet Metal has occupied the building for the last two years. The company provides custom duct work for the heating and cooling of commercial buildings. Bill Sullivan of R.W. Holmes Realty represented the buyer in the transaction. Craig Johnston and John Eysenbach of R.W. Holmes Realty represented the seller, Natick Mercer LLC.
SOUTH BEND, IND. — Holladay Properties and an unnamed joint venture partner have purchased the former 529,137-square-foot AJ Wright building, located at 1905 W. Sample St. in South Bend. The new owners named the property Interstate 80 Commerce Center and aim to attract a national and regional tenant mix that provides services to the Midwest. The property is located near I-80 and was developed in 2005 as an AJ Wright distribution center. The facility features 24,547 square feet of office space, 88 docks and 32- and 46-foot ceiling heights.
PLYMOUTH AND BROOKLYN PARK, MINN. — Three of Duke Realty Corp.'s tenants have expanded their leased space by 85,994 square feet, bringing two of the company's industrial properties to full occupancy. Ferguson Enterprises, a plumbing products supplier, renewed its 210,418-square-foot lease at Medicine Lake Industrial Center at 975 Nathan Lane in Plymouth. The company also expanded its lease by 49,994 square feet. Graybar Electric Co., an electrical products provider, expanded its lease space at Crosstown Business Center 12 in Brooklyn Park to 24,000 square feet, bringing the total square footage it leases to 144,048 square feet. In the same building, Industrial Netting, a supplier of plastic netting and precision metal mesh, renewed its 84,000-square-foot lease and increased its square footage by 12,000 square feet. These leases, along with a recent new lease by Archway Marketing, bring the Crosstown Business Center 12 to full occupancy.
KILLINGLY, CONN. — The Grossman Cos., in partnership with Summit Development and Ameritas Life Insurance Corp., has purchased an industrial property at 349 Lake Road in Killingly for $3.2 million. The property, near I-395 and the Massachusetts and Rhode Island borders, includes 40 acres of developable land and a mostly vacant, 210,000-square-foot industrial building. The property is also in an industrial area that includes manufacturing and distribution facilities run by companies such as Frito Lay, United Natural Foods and Staples.
SHERIDAN, ORE. — A vacant industrial property located at 888 SE Sheridan Road in Sheridan has received a $1.25-million loan. The property houses a 235,000-square-foot former manufacturing facility that was built in 1973. It was previously used by Liberty Homes, an affiliate of the borrower, to produce manufactured housing. The 34.2-acre property contains three buildings that include 4,000 square feet of built-out office space. The three-year, interest-only loan will provide working capital to fund improvements that will ultimately allow the owner to reposition the property. Financing was obtained by owner Liberty Realty Enterprises and will be serviced by Kennedy Funding on behalf of a limited liability company owned by the members. At the time of the loan’s closing, a 24,000-square-foot building on the property was under contract to be sold for $680,000.
BILLERICA, MASS. — Tokyo Electron U.S. Holdings, a supplier of semiconductor production equipment, has renewed and expanded its lease by 52,683 square feet at 900 Middlesex Turnpike, Building 6 in Billerica. The company now occupies 91,649 square feet at the property. Michael Dalton of Cassidy Turley represented the tenant in the transaction. The landlord, Gutierrez Co., was self-represented.