RIALTO, CALIF. – Conopco has signed a three-year lease renewal at a 1.1-million-square-foot distribution space in Rialto. The facility is located at 305 W. Resource Drive. Conopco was represented by Jay Hruska, Sean Duffy, Tim D’Addabbo and Damon Bowers of Cushman & Wakefield in Connecticut; Chuck Belden, Kyle Kehner and Tim Pimentel of the firm’s Inland Empire office; and Tom Cotter of Unilever. The landlord, Prologis, was represented in-house.
AURORA, ILL. — Duke Realty Corp. has purchased a 257,542-square-foot industrial facility at 940 N. Enterprise St. in Aurora for a reported $9.5 million. Brighton Best International, a distributor of fasteners screws and bolts, has signed a long-term lease for the entire building and will relocate its operations to the facility later this year. Built in 1998, the building includes 36 truck docks and four drive-in doors. David Bercu of Colliers International represented the seller, PanCal, 940 Enterprise LLC. Brian Colson and Eric Fisher of NAI Hiffman represented Duke Realty.
EAGAN, MINN. — Murphy Warehouse Co. has purchased a 350,000-square-foot warehouse facility at 905 Yankee Doodle Road in Eagan for $6.55 million. 99 Cents Only Stores was the seller. The property has been on the market since 2005 and terms of the deal were not disclosed. Murphy Warehouse owns 11 facilities in the Twin Cities, and the new Eagan logistics facility will serve customers in the food, medical, retail, paper and home construction industries. The new owners plan to invest $3 million in facility upgrades, including several sustainable features.
GARRETT, IND. — Bell Equipment Services has purchased a 14,420-square-foot industrial building in Garrett. The property is situated on 4.6 acres at 2431 Forrest Park Dr. Tyler Binkley of NAI Harding Dahm represented the seller, Multiple Trusts – Bertsch, in the transaction. He also represented the buyer.
WILLIAMSTOWN, N.J. —NorthMarq Capital has arranged $2.2 million in acquisition financing for Monroe Commerce Center, a 96,800-square-foot industrial property at 1031 Glassboro Road in Williamstown. Michael Aylmer and Doug Austin of NorthMarq Capital secured the 15-year loan through a life insurance lender. The loan contains a 15-year amortization schedule.
GRAND PRAIRIE — Stream Realty Partners has secured a new lease of 225,000 square feet for Southwest Molding in Grand Lakes Distribution Center, located at 3845 Gifford St. in Grand Prairie. This transaction stabilizes the 636,000-square-foot speculative distribution center. Cannon Green and Bob Hagewood of Stream Realty represented landlord, Crow Holdings, in the transaction. Nathan Orbin and Michael Swaldi of Jones Lang LaSalle represented the tenant.
IRVING — Johnson Capital has procured a $2.55 million loan to refinance the 62,615-square-foot Story Business Center, an industrial property located on Story Road near Beltline Road in Irving. Jason Pumpelly of Johnson Capital’s Dallas office originated the 10-year, non-recourse loan through a CMBS lender.
VISTA, CALIF. — Select Supplements has leased a 39,672-square-foot industrial space within OakRidge Business Center III in Vista. The center is located at 2390 Oak Ridge Way. Isaac Little and Marko Dragovic of Lee’s North San Diego County office represented both the tenant and the landlord, SR Commercial, in this transaction.
MESA, CALIF. — Mitel Networks Corporation has signed a 5.5-year lease for 38,157 square feet of warehouse space at Broadway 101 Commerce Park in Mesa. The warehouse is located at 2160 W. Broadway Road. Mitel plans to use the space as its warehouse distribution center. The company will relocate from its current facility in Tempe this fall. Mitel was represented by Robert Stephens and Tricia Gumulka of Newmark Grubb Knight Frank. The landlord, Lincoln Property Company, was represented by Mike Haenal and Mark Tuite of Cassidy Turley in this transaction.
FRANKLIN, WIS. — Distribution Solutions has inked a lease for 18,600 square feet of industrial space at Franklin Commerce Center, located at 9630 S. 54th St. in Franklin. Tom Shepherd and Jim Larkin of Colliers International represented the landlord, CLPF Franklin LLC, in the transaction.