MELBOURNE, FLA. — A 124,000-square-foot industrial building, located on 3900 Sarno Road in Melbourne, has sold to a local church for $2.5 million. The building, which was vacant at the time of the sale, includes 10,000 square feet of mezzanine space and 114,000 square feet of warehouse space. A local CBRE broker represented the seller, Roseview’s bank client, in the transaction. The Roseview Group oversaw significant improvements to the property, including a complete cleanup and mold removal.
AURORA, ILL. — Midwest Warehouse, a third-party logistics firm, has signed a lease for 59,521 square feet of industrial space at 2707 Eola Rd. in Aurora. The 251,768-square-foot building is located just north of I-88. Brad Borkowski and Tim Thompson of HSA Commercial Real Estate represented the tenant in the transaction. David Prioletti and Kip Hennelly of CBRE represented the owner, Manulife Financial.
MUHLENBERG TOWNSHIP, PA — A limited partnership sold Premium Business Center in Muhlenberg Township, Pa., for $17.05 million. The partnership is comprised of Endurance Real Estate Group of Bala Cynwyd, Pa., Brasler Properties of Philadelphia and Thackeray Partners of Dallas. STAG Industrial of Boston acquired the 400,414-square-foot property. The fully leased facility contains warehouse, distribution and production space, and is located at 171-173 Tuckerton Rd. Michael Blunt, Michael Hines, Brad Ruppel and Paul Touhey represented the seller in the transaction.
BUENA PARK, CALIF. — Commerce Center at Buena Park, a two-building industrial/cold storage facility, has sold to an undisclosed buyer for an undisclosed sum. The 84,600-square-foot building at 6625 Caballero Blvd. is fully leased to Legacy Farms, while the 140,000-square-foot building at 6535 Caballero Blvd. is fully leased to Fresh Food Concepts. CBRE’s Darla Longo, Barbara Emmons, Art Rasmussen and Rick McGeagh represented both the buyer and the seller, a joint venture between affiliates of Westcore Properties and Dune Real Estate Partners LP, in this transaction.
SAN ANTONIO — Kotel Investments has purchased a 40,330-square-foot industrial property, located at 12066 Starcrest Drive in north central San Antonio. The property consists of five tenants, including Soccer Factory and Ducati of San Antonio. Joshua Swank of Alamo Real Estate Brokers represented the buyer in the transaction.
AUSTIN — Oxford Commercial has arranged the lease of 31,298 square feet of industrial space at Tuscany 2, located at 9011 Tuscany Way in Austin. Joe Brockman of Oxford Commercial represented the tenant, Sherri Hill, in the lease transaction. Ace Schlameus of HPI represented the landlord. Oxford Commercial is a Cushman & Wakefield Alliance member.
FULLERTON, CALIF. — Progressive Marketing Products/Premier has signed a five-year lease for 62,396 square feet of industrial and office space in Fullerton. The Class A facility is located at 1321 State College Blvd. Progressive was represented by Ian Britton and Clyde Stauff of Colliers International. The landlord, DSA State College Business Park, LLC, was represented by Britton and John Long, also of Colliers.
JACKSONVILLE, FLA. — A 58,600-square-foot industrial building, located at 205 Commercial Drive in Jacksonville, has sold for $2.37 million. Bryan Bartlett of Grubb & Ellis/Phoenix Realty Group represented American Builders and Contractors Supply Co., the seller, in the transaction. The buyer was 2G Energy AG.
POMPANO BEACH, FLA. — T.M.D. Holdings has sold a 21,523-square-foot warehouse, located at 2301 NW 33rd Court in Pompano Beach, to Murr 2301 for $1.33 million. Randy Rauch of Pompano Beach-based Rauch Realty Group represented the buyer in the transaction. Bank of America, NA, provided a first mortgage loan to the buyer.
FORT WAYNE — ASM Acquisition Corp. has renewed its lease for 5,050 square feet of industrial space at 611 Cross Creek Blvd. in Fort Wayne. Bill Drinkall of NAI Harding Dahm represented the tenant in the transaction.