PLYMOUTH, MINN. — Binswanger has arranged the sale of a 60,780-square-foot industrial building located at 13010 County Rd. 6 in Plymouth. Cenveo sold the property to Log House Foods. Gerry Norton of Binswanger's Minneapolis office and James Panczykowski of the North Haven, Conn., office represented the seller.
ELKHORN, WIS. — 530 Centralia LLC has sold a 32,500-square-foot industrial property, located at 530 Centralia St. in Elkhorn, to Van Dyken Enterprises. John Henderson, Vytau Barcas and Margaret Knize of NAI MLG Commercial handled the transaction.
NEW YORK CITY — A 7,500-square-foot industrial building in Long Island City in Queens has been sold for $1.9 million in an all-cash transaction. The single-story building is located at 11-26 46th Road and was delivered vacant. The property has one overhead roll-up door and loading dock. Al Holloman of Massey Knakal handled the transaction. The buyer is an art gallery relocating from Manhattan.
FORT WORTH — Boston-based STAG Industrial has acquired two properties in a $17.9 million deal, a 101,500-square-foot industrial facility in Forth Worth and a 420,690-square-foot industrial facility in Gresham, Ore. The Forth Worth manufacturing and distribution facility sits on 5.95 acres and is 100 percent leased to Ecolab, which has approximately seven years left on its term. The facility is located at 1801 Riverbend West Dr.
DALLAS — Common Wealth Industrial Center, a 108,795-square-foot flex industrial center in Dallas, has received a $2.9 million loan through Summit Investment Partners. Thomas D. Wood Jr. of Thomas D. Wood & Co. secured the loan with a 10-year term and a 20-year amortization schedule with a fixed 5.85 interest rate. The center is a multi-tenant and is located at 3131 Irving Blvd.
PORTLAND, ORE. – Watumull Properties has purchased two buildings totaling 83,414 square feet of office and warehouse/manufacturing space in Portland's Sunset Corridor for $5.3 million. The properties are located at 1050 N.W. 229th Ave. and 6850 N.E. Campus Drive in Hillsboro, Ore. Grubb & Ellis' David Hill, senior vice president of investment services, represented both the buyer and the seller, AMCO Hillsboro LLC. G&E's Bradford Fletcher worked with Hill in representing the seller, as did Chad Rheingold, vice president of Wyse Investment Services Company.
SAN LEANDRO, CALIF. – LBA Realty has purchased a 23,100-square-foot light industrial and warehouse facility in San Leandro. Located at 2371 Polvorosa Drive, the facility is situated on 4.9 acres and is currently leased to regional trucking company USF Reddaway. Greig Lagomarsino, senior vice president of Colliers' Oakland office, represented both the buyer and the seller, 1950 Associates, doing business as Lowenberg Corporation.
ORLANDO, FLA. — EastGroup has started construction for the $5.35 million, 76,000-square-foot Southridge IX, a distribution building located in EastGroup's Southridge Commerce Park in Orlando. The building is scheduled for completion in the first quarter of 2012. To date, EastGroup has developed 970,000 square feet of space in Southridge Park, which is currently 100 percent leased.
MACUNGIE, PA. — Malvern, Pa.-based Liberty Property Trust has purchased a 535,000-square-foot distribution property for approximately $32 million, including $8 million in costs and anticipated costs. The property has been mostly vacant for the past 5 years, but Liberty has executed a long-term lease for 63 percent of the building. The property is located at 7533 Industrial Park in Macungie.
CARSON, CALIF. – Colliers International has negotiated a 10-year lease renewal on behalf of Barton Brands of California for a 91,603-square-foot facility in Carson. The renewal is valued at more than $7 million. Barton was represented by Chuck Littell and Reid Wilbraham, associate vice presidents in Colliers' South Bay office. The landlord, AEW Capital Management, was represented by CBRE's senior vice president Bret Quinlan and executive vice president John Schumacher.