NEWARK, DEL. — DYK Automotive has signed a lease for 60,000 square feet of industrial space from Landlord Emerald Lake in Pencader Business Park at 650 Pencader Drive in Newark. The space will be used for DYK’s distribution center for its Northeast operations. R. Kemp Conrad, Ernest Felici, John Birmingham, Gerard Blinebury and Leah Balerno, all of Cushman & Wakefield, represented DYK in the transaction. Landlord Emerald Lake was represented in-house.
JACKSONVILLE, FLA. — Jacksonville-based Grubb & Ellis | Phoenix has arranged a 213,000-square-foot lease at 12759 Gran Bay Pkwy. in Jacksonville on behalf of Saddle Creek Corp. John Richardson and Bryan Bartlett of Grubb & Ellis | Phoenix represented Cabot Properties, the landlord, and Ladson Montgomery of the same firm represented the tenant.
SAUK VILLAGE, ILL. — Grubb & Ellis' Chicago-based Sale-Leaseback/Net Lease Properties Group has arranged two industrial sale-leasebacks in Sauk Village on behalf of Cream Ridge, N.J.-based SIGMA International Group. The buildings, which total 73,025 square feet, are located at 21699 Torrence Ave. and 2701 Kalvelage Dr. SIGMA will continue to occupy the buildings under a long-term lease. Jonathan Wolfe and Jordan Shtulman of Grubb & Ellis represented SIGMA in the negotiations.
HOUSTON — Stamford, Conn.-based Riveroak Investment Corp. has purchased an 85,701-square-foot flex building in Houston for $17.15 million. The three-story building is located at 16400 Park Row in the Park Ten Business Park and is fully occupied by Kraton Polymers. Martin Hogan and Dan Miller of Holliday Fenoglio Fowler represented the seller, Eastbourne Park Row, in the transaction. George Yerrall and Derek Eakin represented Riveroak in-house. The purchase was financed with $10.3 million of debt from Wells Fargo.
JACKSONVILLE, FLA. — Jacksonville-based Grubb & Ellis Phoenix Realty Group and Mohr Partners have brokered the $2.6 million sale of a 57,516-square-foot industrial building located at 5300 Shad Rd. in Jacksonville. Bobby Gatling and John Richardson with Phoenix and John McDaniel of Mohr Partner's Dallas office represented the seller, Noland Properties. Buddy Register of Cushman & Wakefield's Jacksonville office represented the buyer.
MILWAUKEE — Brennan Investment Group has completed the sale-leaseback of a 95,500-square-foot industrial property located at 11225 Heather Ave. in Milwaukee to Integrated Filing Solutions for an undisclosed price. Sam Dickman, Jr., of Milwaukee, Wis.-based The Dickman Co. represented the tenant in the transactions.
MIAMI — Cushman & Wakefield has signed two expansion/renewal leases, totaling 83,479 square feet in new space, at Aventura Industrial Center, located at 555 NE 185th St. in Miami. First, the DFASS Group signed a 52,770-square-foot lease expansion, bringing its total occupancy to 193,558 square feet at the property. Kansas Marine Co. expanded its lease by an additional 30,709 square feet, bringing it's occupancy to 109,267 square feet. Wayne Ramoski, Brian Smith and Audley Bosch of Cushman & Wakefield's Miami office represented the landlord, Principal Real Estate Investors, in lease negotiations with DFASS Group, who was represented by Cushman & Wakefield, and Kansas Marine Co., represented by Gordon Messinger from Terranova Corp.'s Miami office.
SAN DIEGO – Bixby Land Company has purchased a 72,205-square-foot industrial warehouse for $7,350,000. The building is currently fully leased to HD Supply Plumbing/HVAC Ltd. The seller, Westcore Properties, was represented by Cushman & Wakefield's Steve Rowland, Michael Roberts, Jeff Brown and Mickey Morera.
SUWANEE, GA. — Lee & Associates has arranged a 36,633-square-foot lease, valued at more than $1.1 million, at a 70,574-square-foot industrial property located at 500 Satellite Blvd. in Suwanee. Thomas Bryant and Richard Bryant of Lee & Associates' Atlanta office represented the landlord, GS&T Enterprises. The tenant is Hi-Tech Pharmaceuticals.
AURORA, ILL. — Cawley Chicago Real Estate has negotiated a sale-leaseback for a 175,000-square-foot manufacturing and distribution center located at 3920 Enterprise Ct. in Aurora. Dan Cawley, Terry Grapenthin and Josh Hearne of Cawley represented the buyer, KTR Capital Partners, who purchased the building from Cano Container. KTR then leased the building to Cano.
