HAYWARD, CALIF. — The 214,172-square-foot Whipple Industrial Center in Hayward has sold to LBA Realty, LLC from WP Investments for an undisclosed sum. The institutional-quality manufacturing/warehouse facility is fully occupied by Morgan Technical Ceramics, which holds a long-term lease at the center. Whipple was built in 1972 and renovated in 2002. The sale was executed by Greig Lagomarsino and Mark Maguire of Colliers International’s Oakland office, along with Greg Cioth and Edmund Najera of Eastdil Secured.
EL SEGUNDO, CALIF. — Net2EZ has signed a long-term lease expansion for more than 24,000 square feet of space at Digital Realty's El Segundo data center facility. This brings the data center service provider’s total space at the facility to more than 40,000 square feet.
GARLAND — Vu Investments has acquired the 145,171-square-foot USDA processing plant, located at 209 Range Dr. in Garland. Vu Investments plans to use the facility as a printing and paper recycling operation. Kipp Collins of Binswanger's Dallas office represented the seller, Cincinnati-based Advance Pierre Foods.
HOUSTON — NorthMarq Capital has arranged $4.3 million in first mortgage financing for the 140,000-square-foot McCoy showroom/warehouse, a building occupied by McCoy Workplace Solutions, located at 6869 Old Katy Rd. in Houston. Kerry French of NorthMarq's Houston office arranged the financing based on a 10-year term with a 20-year amortization schedule through UnumProvident on behalf of the borrower, a joint venture between a regional development company and a national real estate fund.
GERMANTOWN, WIS. — KitPackers LLC, an adhesive company, has leased 4,881 square feet of industrial space at the Alpine Business Center on Maple Road in Germantown, Wis. Ryan Kopp and Steve Stewart of Milwaukee-based Inland Cos. brokered the deal.
WEST CALDWELL, N.J. — New Jersey-based Plumbers Local 24 has purchased a 22,000-square-foot industrial building, located at 20 Fairfield Place in West Caldwell, N.J. Bonni Heller of Cushman & Wakefield's East Rutherford, N.J. office represented the buyer. The seller, 20 Fairfield Place Associates LLC, was represented by Stephen Sander of CB Richard Ellis. Plumbers Local 24 will relocate its administrative and training facilities to the new site.
CHARLOTTE, N.C. — Liberty Property Trust has acquired the 1.08 million-square-foot Crosspoint Center, a seven-building industrial park located at the intersection of Interstates 77 and 85, from TA Associates for $60.75 million. The complex is 90 percent leased to tenants such as Sygma, MEDIC, Lagasse, Flexalloy, Diagnostic Devices and Brooks Equipment.
BETHLEHEM, PA. — Allentown, Pa.-based NAI Summit represented Winside Industrial Group in leasing more than 6,500 square feet of warehouse space in Bethlehem, Pa. New York-based Billitier Electric, an electrical contracting company, leased 3,200 square feet at 6323 Winside Dr. Philadelphia-based MPN. Inc. leased 3,470 square feet at 6363-6383 Winside Dr. Michael Adams of NAI Summit represented both parties in each transaction.
JEFFERSON PARISH, LA. — The Feil Organization has purchased the 412,000-square-foot Elmwood Distribution Center, an industrial complex located at 5600 Jefferson Highway in Jefferson Parrish, for approximately $20 million. The center is comprised of the 42,000-square-foot Elmwood Plaza, a retail building, and four warehouse buildings totaling 370,000 square feet. Rick Brugge and Mike Davis of Cushman & Wakefield's Tampa, Fla., office represented the seller in the transaction.
FORT MYERS, FLA. — Arthrex Inc. has purchased the 238,520-square-foot former Robb & Stucky distribution center, located at 14550 Plantation Rd. in Fort Myers, from Ryan Cos. for $12.5 million. The facility is being remodeled and completion is slated for the first quarter 2012. Gary Tasman and Shawn Stoneburner of Fort Myers-based Commercial Property Southwest Florida, a Cushman & Wakefield Alliance member, represented the seller in the transaction.