ATLANTA — A 657,000-square-foot former SuperValu Foods grocery distribution center, located at 605 Selig Dr. S.W. in the Fulton Industrial district of Atlanta, has been acquired by 605 Selig Drive, LLC, an entity affiliated with Covington Capital. The buyer plans to rebrand the industrial property as Logistics Pointe. St. Louis-based Commercial Development Corp. sold the site, which was approximately 50 percent occupied at the time of the transaction and includes more than 40 acres. Steven Cooney of Tranzon Asset Advisors represented the seller, while David Beak of NAI Brannen Goddard represented the buyer. Covington Capital is planning an aggressive program of interior and exterior improvements.
MADISON, PERRY & JACKSONVILLE, FLA. — Dickinson-Klotz Real Estate Investment Advisors has negotiated the sale of three Florida apartment complexes. In the first transaction, the 76-unit Madison Heights Apartments in Madison and the 100-unit Tidewater Apartments were sold for $4.4 million. Maurice Matovich and John Middleton of Dickinson-Klotz represented the seller, Fort Lauderdale, Fla.-based Madison Perry, LLC, and procured the buyer, Tallahassee, Fla.-based Griffin Heights. In a separate transaction, the 62-unit Hampton Villa Apartments in Jacksonville was sold for $1.9 million. Matovich represented the seller, Apopka, Fla.-based Kashill Holdings, and procured the buyer, Jacksonville-based Sunshine State Investments.
SAUK VILLAGE, ILL. — Dermody Properties has been selected to develop a $30 million, 267,000-square-foot build-to-suit industrial facility for Winpak Portion Packaging, to be located at DP LogistiCenter at 1111 Winpak Way in Sauk Village. Completion is slated for the spring of 2012. Justin Fierz and Brian Vanosky of Lee & Associates' Chicago office represented Winpak in the lease negotiations and George Cibula of Elmhurst, Ill.-based Darwin Realty represented DP. Principle Construction is the general contractor for the project.
EXTON, PA. — CB Richard Ellis, Inc. (CBRE) has brokered Ecospan’s lease of 20,120 square feet of industrial/flex space from 753 Springdale Drive Associates at Whiteland Business Park in Exton. Ecospan will use the space to research and develop eco-friendly products. Tom Bailey and Steven Italiano of CBRE represented 753 Springdale Drive Associates in the transaction.
CLAYTON, N.C. — LB&B Associates has signed a lease for 204,420 square feet of industrial space in The Carolinas Distribution Center, located at 977 Shotwell Rd. in Clayton. Kent Honeycutt and J.D. McNeill of Cushman & Wakefield's Raleigh, N.C., office represented the tenant in lease negotiations, while Jim Allaire and Jackson Rivers of Cassidy Turley's Raleigh, N.C., office represented the warehouse owners, Crown-Raleigh III, in the lease negotiation.
ELKHART, IND. — Feed the Children has purchased a 65,072-square-foot distribution building, located at 22365 Elkhart East Blvd. in Elkhart. The building is the former Burnstine distribution center. FM Stone Commercial represented the seller.
SAN ANTONIO — Dallas-based Stream Data Centers has sold its 150,000-square-foot San Antonio Ready-to-Fit data center to a Fortune 100 company. Brian Loewen of Newmark Knight Frank represented the buyer and Paul Moser, Rob Kennedy and Anthony Bolner represented Stream Data Centers in house. The facility sits on 33 acres in Westover Hills in San Antonio. The building consists of 8-inch-thick concrete walls and a concrete ceiling system that can withstand 175 miles per hour winds.
LAS VEGAS – Strategic Storage Trust has purchased three self-storage facilities in San Francisco, Las Vegas and Hampton, Va., for $12.2 million. The facilities, totaling about 2,100 units, will be re-branded under the SmartStop Self Storage name. The 790-unit Nevada facility is located at 4770 S. Pecos Ave. in Las Vegas. The 640-unit San Francisco Bay Area facility is located at 2300 Grant Ave. in San Lorenzo, Calif.
COMPTON, CALIF. – A 22,500-square-foot industrial building in Compton has been sold to Sudco International for $2.3 million. The motorcycle parts manufacturer has utilized the facility as its new headquarters since mid-July. The facility resides within the Dominguez Technology Center. David Grote, a partner in the Torrance office of Klabin/CORFAC, represented the sellers, Susan and Tai Chung. Voit's Ryan Lewis represented Sudco.
MIAMI — CB Richard Ellis has arranged the $1.27 million sale of an 8,885-square-foot industrial building located at 10825 NW 33rd St. in Miami from A DE Q Holdings to High Property Group. Ronald Marrero and David Albert, of CBRE's Miami office, and The Katsikos Group represented the buyer and Flagler Real Estate represented the seller.