CHESTERFIELD TOWNSHIP, MICH. — Elite Fence has purchased a 270,000-square-foot warehouse and distribution facility, located at 50925 Richard W. Blvd. in Chesterfield Township, from Lees Property for an undisclosed price. The company, which is currently headquartered in Harrison Township, Mich., will combine four of its locations to this site. Joe DePonio and Jason Capitani of Troy, Mich.-based L. Mason Capitani represented both parties in the transaction.
BALTIMORE — CB Richard Ellis has arranged the $12.6 million sale of a 40,000-square-foot industrial facility, located at 7549 Harmans Rd. in Baltimore. The property is currently 100 percent leased to Verizon. Jonathan Beard and Bo Cashman of CB Richard Ellis' Baltimore office represented Washington, D.C.-based Stephen A. Goldberg Co., the seller, in the transaction. The buyer was New York City-based American Realty Capital.
TAMPA, FLA. — Clearwater, Fla.-based Ross Realty has negotiated two 90,000-square-foot leases with Morris Flamingo — Stephan and Solstice Sleep Products at the 276,160-square-foot Falkenburg Facility, located at 500 South Falkenburg Rd. in Tampa. Jason Aprile and Elliott Rose of The Ross Realty Group represented the landlord, US Industrial Falkenburg, LP, in the transactions. Ed Melo of Resource Realty Group represented Morris Flamingo — Stephan.
GROVEPORT, OHIO — Plymouth Meeting, Pa.-base Exeter Property Group has purchased a 1.1 million-square-foot industrial property, located in Groveport, for $22.5 million. Rick Trott and Kevin McGrath of Cassidy Turley's Columbus, Ohio, office represented the buyer in the transaction. CBRE Investors was the seller.
PITMAN, N.J. — Philadelphia-based Binswanger has been named as the exclusive agent for the sale of a 495,166-square-foot manufacturing/warehouse facility at 400 N. Woodbury Rd. in Pitman. The property sits on 76.14 acres and features masonry and metal panel construction over steel frame, three positive pressure clean rooms, a wet sprinkler system, energy-efficient T5 lighting, 19 dock doors, approximately 35,048 square feet of office space and a full cafeteria.
BAYTOWN — E.E. Reed Construction has recently broken ground on AmeriPort Building II, a 168,480-square-foot distribution facility in the AmeriPort Industrial Park in Baytown. The facility was designed by Powers Brown Architecture and developed by National Property Holdings. The building is the first tilt-wall and structural steel building to be developed in the 723-acre industrial park.
RICHARDSON — Stream Data Centers has broken ground on a new data center development totaling 72,500 square feet at Renner Road and Wyndham Lane in Richardson. The project is expected to be delivered and ready for occupancy in May. Stream Data Centers is hoping to achieve LEED Gold certification for the facility. The building is the first purpose-built wholesale data center built from the ground up in north Texas.
LAKE MARY, FLA. — Regions Bank has sold a 562,817-square-foot industrial building, located at 2452 Lake Emma Rd. in Lake Mary, to American Real Estate Partners for $9 million. Lisa Bailey of Orlando, Fla.-based Morrison Commercial Real Estate and Ross Kirk of Tampa, Fla.-based CLW Property Services Group represented the seller in the transaction. Karen Poydenis of Vero Beach, Fla.-based Poydenis Properties represented the buyer.
PORTAGE, IND. — Austria-based Fronius USA has acquired the 399,500-square-foot The Randolph, an industrial facility located at 1575 Louis Sullivan Dr. in Portage, for an undisclosed price. The building will serve as the company's North American headquarters starting in the third quarter of 2012. Chris Gary of NAI Hiffman's Oakbrook Terrace, Ill., office represented Lincoln National Life Insurance Co., the seller, in the transaction. Jason West of Cushman & Wakefield's Rosemont, Ill., office represented the buyer.
OTTAWA, ILL. — Oakbrook, Ill.-based Inland Western Retail Real Estate Trust has sold the 1 million-square-foot PetSmart distribution center, located at 910 E. Stevenson Rd. in Ottawa, to an undisclosed buyer for $48 million. Broker information was undisclosed.