ATLANTA — Cushman & Wakefield has arranged $12.4 million to recapitalize the 208,800-square-foot Southmeadow J, a Class A industrial building located in Atlanta. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson of Cushman & Wakefield represented McDonald Development Co., the owner, in the recapitalization.
WILMINGTON, MASS. — Dig Safe Systems has purchased a 10,400-square-foot industrial building at 11 Upton Drive in Wilmington for $1.1 million. Micah Stubblebine of The Stubblebine Co./CORFAC International represented the seller, Miay LLC, in the transaction. Thayer Morgan of Century 21 Commonwealth Commercial represented the buyer.
GRAND PRAIRIE — Prologis has sold a 110,000-square-foot industrial property, located at 1414 N. Carrier Parkway in Grand Prairie. Cannon Green and Bates Arnot of Stream Realty Partners represented the seller in the transaction. The buyer was Sigma Family Limited Partnership.
RIVERSIDE, CALIF. – Spectra Premium has signed a 52-month lease for 85,000 square feet at the Meridian Business Park. It is located at 14530 Innovation Drive in Riverside. The auto parts distributor will use the Class A building for its West Coast distribution operations. Spectra was represented by Ryan Miller of Voit’s Inland Empire office. The landlord, GE Capital Real Estate, was represented by Walt Chenoweth, Frank Geraci, Juan Gutierrez and Patrick Wood of the same office.
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.