EVANSVILLE, IND. — Rotary Corp. has purchased a 37,080-square-foot industrial building from ETFCU for $741,600. The property is located on 4.86 acres at 4916 O'Hara Drive in Evansville. Chris Stuard and Steve Martin of Sperry Van Ness/Martin Commercial Group represented the seller in the deal. CB Richard Ellis/Louisville represented the buyer.
Industrial
EDISON, N.J. — Vaswani, Inc., has signed a 76,708-square-foot lease to relocate its corporate headquarters to 75 Carter Dr. in Edison. The space will be used for general office space, warehousing, manufacturing and distribution. Jason Barton of Jones Lang LaSalle's Metropark, N.J., office represented the tenant and Lou Belfer and Scott Belfer of CB Richard Ellis' East Brusnkwick, N.J., office represented the landlord, Caro Associates II.
PHOENIX — Voit Real Estate Services has sold 23 industrial condos in Phoenix's Deer Valley Commerce Center Park. The condos totaled 58,437 square feet, and were sold for a total consideration of $2.23 million. Deer Valley Commerce Center Park is a 360,000-square-foot property in the North Phoenix business corridor. The seller, NextGen Commercial, LLC, was represented by Voit's Darren Tappen, who worked with Cushman & Wakefield's Pat Harlan, Steve Sayre and Kyle Westfall. DAUM Commercial's Bob Lundstedt and Colliers International's Jim Keeley represented the buyer, Birchwood Heights Equity Corporation.
WAIPAHU, HAWAII — Westcore Properties has purchased the 250,460-square-foot Waipio Business Center, a four-building industrial campus in Waipahu, for an undisclosed sum. The property is currently 20 percent leased. This is the firm's first Hawaii-based acquisition. Westcore Properties represented itself in the transaction.
ONTARIO, CALIF.– Jones Lang LaSalle represented Dal-Tile in a lease renewal for 410,515 square feet of industrial space in Ontario. JLL's executive vice president Sam Foster, managing director Mike McCrary and associate Chris Brandt represented Dal-Tile in the transaction. The property owner, Sares-Regis, represented itself.
CARROLLTON — Nathan Denton and Greg Nelson of Lee & Associates have represented the seller, D&D Wood Properties, Ltd., in the sale of a 24,214-square-foot industrial building located at 1910 Old Denton Rd. in Carrollton. Ricky Seigler purchased the property.
ANAHEIM, CALIF. — NorthMarq Capital has arranged $3.1 million in first-mortgage financing for Anaheim Foursquare Church, a 19,425-square-foot industrial property. The loan included a 10-year term and a 30-year amortization schedule. Financing was arranged by NorthMarq's David Blum, senior vice president and senior director of the firm's Los Angeles regional office.
PHOENIX — Phoenix Packaging Operations LLC has signed a five-year lease to occupy a 104,352-square-foot manufacturing and distribution facility in Chandler, Ariz. The facility, which is situated on 8.5 acres, will be used to manufacture packaging for the food packaging industry. Mike Parker and Evan Koplan from Colliers International's Greater Phoenix office represented the landlord, Primrose Properties. Phoenix Packaging represented itself.
GERMANTOWN, WIS. — Sky High Investment Co. has sold a 13,211-square-foot industrial warehouse, located on Main Street in Germantown, to Cars Online. Barry Chavin and Stephen Provancher of NAI MLG Commercial assisted in the acquisition of the property.
LOWER MACUNGIE, PA. — Allen Distribution has acquired a 580,000-square-foot facility in Lower Macungie’s Lehigh Valley Crossing, located at 3041 Schoneck Rd., from Sacramento, Calif.-based Panettoni Development Co. Kim Meincke and John Van Buskirk of Jones Lang LaSalle represented the buyer, and Bill Wolf and Sean Bleiler of the Allentown, Pa. CBRE office represented the seller.