LINDEN, N.J. — Marcus & Millichap Real Estate Investment Services has brokered the $4.8 million sale of a 36,000-square-foot industrial building in Linden. The building is fully occupied and features a new roof, parking lot, facade and interior. Marcus & Millichap's Ben Sgambati and Alan Cafiero represented the seller, a local investor, and secured the buyer, an investor.
MIAMI — Costex Corp. has purchased a 180,000-square-foot industrial building, located at 7901-8187 NW 71st St. in Miami, for $10.3 million from Seagis Property Group. Devin White, David Albert and Ronald Marrero of CB Richard Ellis' Miami office represented the buyer in the transaction. Jim Armstrong and Michael Waite of Miami-based The Easton Group represented the seller.
ST. PETERSBURG, FLA. — Clearwater, Fla.-based The Ross Realty Group has negotiated the $1.65 million purchase of a 32,604-square-foot industrial property, located at 11880 28th St. in St. Petersburg. Elliott Ross of The Ross Realty Group represented the buyer, Kazarian Realty, in the transaction. PHP 5 was the seller.
DUNCAN, S.C. — Fehrer Automotive has signed a 93,971-square-foot industrial lease at 1825 E. Main St. in Duncan. Grice Hunt and Ford Borders of Greenville, S.C.-based NAI Earle Furman represented the tenant in the lease negotiations. CB Richard Ellis represented the landlord.
SAUK VILLAGE, ILL. — Principle Construction has started construction on a new 267,000-square-foot industrial facility for Winpak Portion Packaging, located at 1111 Winpak Way in Sauk Village. The property is located in Dermody Properties/DP Partners' 325-acre LogistiCenter at Sauk Village. Completion is slated for March 2012.
WAUSAU, WIS. — Packaging Corp. of America has signed a 51,376-square-foot lease, located at 8200 Highland Dr. in Wausau, with CAG Industrial. Scott Furmanski, Trent Poole and Roger Seigel with CB Richard Ellis' Milwaukee office represented the tenant in the lease negotiations.
CARLISLE, PA. — Malvern, Pa.-based Liberty Property Trust has broken ground on a 972,000-square-foot single-story Class A speculative warehouse and distribution center at the Carlisle Distribution Center in Carlisle. Liberty is investing approximately $45 million into the new facility. The warehouse has been designed to achieve LEED Core and Shell certification with features like wall insulation, roof insulation and high output lighting.
CLIFTON, N.J. — The Hampshire Companies, a private real estate investment firm, has sold a 71,666-square-foot industrial facility at 2 Peekay Dr. in Clifton to Mountain Acquisitions. The two-story property sits on 2.9 acres and features six loading docks, four drive-ins, an explosion-proof room and two cool rooms. CB Richard Ellis' Thomas Monahan and Stephen Sander represented The Hampshire Companies in the transaction.
SANTA ANA, CALIF. — AFTCO Mfg Co has purchased a 117,000-square-foot industrial building in Santa Ana for $8,121,079. The fishing rod components manufacturer was represented by Chip Dever with NAI Capital’s Orange County office. The seller, Burtin Realty Enterprises, was represented by Ross Bourne of CB Richard Ellis.
ORLANDO, FLA. — DCT Industrial Trust has purchased a three-building industrial portfolio in Orlando, totaling 421,000 square feet, from an undisclosed seller for $17 million in an off-market transaction. The properties include the 212,000-square-foot 6855 Presidents Drive, the 115,000-square-foot 2105 Viscount Row and the 94,000-square-foot 2126 West Landstreet. The buildings are currently 61 percent leased.
