SUFFOLK, VA. — Cushman & Wakefield/Thalhimer has arranged the $1.9 million sale of the 50,000-square-foot former Georgia-Pacific Mill facility, located at 272 Benton Rd. in Suffolk. Bobby Phillips of Cushman & Wakefield/Thalhimer's Newport News, Va., office represented Koch RP Holdings I, the seller, in the transaction. The buyer was The City of Suffolk.
CHICAGO — Cushman & Wakefield Sonnenblick Goldman's Atlanta office has arranged $25.7 million of acquisition debt financing on behalf of a partnership between AREA Property Partners and DW Management Co. The partnership purchased two industrial assets totaling more than 1 million square feet, including a building at 1075 Taylor Rd. in Chicago. The second building was located in Charlotte, N.C. The 5-year loan was provided by a domestic bank.
WOBURN, MASS. — The Stubblebine Co. has brokered the $2 million sale of 9 Micro Dr., a 28,970-square-foot industrial building in Woburn, Mass. David Stubblebine, James Stubblebine and Micah Stubblebine represented the buyer, Inscribe Inc. They also represented the seller, Wetmore Inc., in the transaction.
HOUSTON — Vigavi Realty has acquired a 63,550-square-foot flex property, located at 5050 Westway Park Blvd. in the Beltway 8 Corporate Center in Houston. Mark Nicholas and Richard Quarles of Jones Lang LaSalle's Houston office represented the buyer in the transaction. Houston-based Central Management Inc. is now managing the property, which is 100 percent leased to national credit tenants.
ST. LOUIS— Faultless Laundry Co., a Kansas City-based textile rental company, has acquired the 103,000-square-foot industrial building at 1615 N. 25th St. in St. Louis for $2.35 million. Patrick Reilly of Gateway Commercial represented the buyer. Hilliker Corp. represented the seller, Reed Family Investment Group.
NEWPORT, DEL. —TotalTrax Inc., a newly formed technology logistics company, has leased 15,000 square feet of warehouse space at Newport Industrial Park, located at 500 Water St. in Newport. Landlord Harvey, Hanna & Associates is renovating the building and a warehouse expansion to 31,200 square feet on the site is planned for 2012.
ALEDO — Marcus & Millichap has brokered the sale of 118 Marble and 106 Bear Cat, two industrial facilities located in Aledo. The Marble property is a 10,000-square-foot facility that was 88 percent leased at the the time of the sale. The Bear Cat facility is a 14,323-square-foot property and was fully occupied at the time of the sale. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a private investor, in the transactions and procured the buyer, a limited liability company.
RENTON, WASH. — Jones Lang LaSalle has closed a sale-leaseback for a 131,860-square-foot, Class B industrial/manufacturing building in Renton. Terms of the sale and leaseback were not disclosed. The property was sold to DCT Industrial from HGK Renton Property LLC. The facility is fully leased to Allpak Trojan. Chris Spofford of JLL’s Seattle office advised Allpak Trojan on the sale-leaseback.
OXNARD, CALIF. — Accurate Metal Fabricators has signed a five-year lease for a 94,000-square-foot manufacturing building in Oxnard. The building, which is located at 1400 Statham Parkway, also includes 10,000 square feet of office space. The custom fabrication company was represented by Paul Farry of CBRE’s Ventura, Calif., office and Dave Desper of the firm’s Newport Beach, Calif., office. The building’s landlord, Pacific Prime Properties, was represented by George Eales, Mitch Conlee and Mike Walsh of Daum Commercial.
DORAL, FLA. — C-III Realty Services has sold two industrial properties in Doral in separate transactions for a total of $5.87 million. The company had foreclosed on the properties earlier this year. Sky Mart Investments purchased a 30,000-square-foot warehouse, located at 9475 NW 13th St., for $2.2 million. Miami-based K.G. International acquired a 44,100-square-foot warehouse, located at 9800 NW 17th St., for $3.67 million. Steven Medwin, Nick Wigoda and Harry E. Wardell of Jones Lang LaSalle's Miami office represented the seller in the transactions. Hallandale, Fla.-based Capital Commercial represented Sky Mart Investments and Franklin Street Realty represented K.G. International.