COMMERCE, GA. — A joint venture between Hillwood Investment Properties and Brookfield Real Estate Opportunity Fund II has purchased a 962,280-square-foot distribution facility, located at 1523 Steve Reynolds Industrial Blvd. in Commerce, from a joint venture between Aegon and Tucker, Ga.-based Rooker & Associates for an undisclosed price. Hillwood and Brookfield plan to invest $1.2 million in building improvements to offer the facility for leasing. Todd Barton and Greg Haynes of CB Richard Ellis' Atlanta office represented the buyer in the transaction. John Rooker and Murray Reavis of Rooker & Associates represented the seller.
GRAFTON, WIS. — Gunnar Wallin Properties has purchased a 70,217-square-foot industrial property, located at 1230 Cheyenne Ave. in Grafton from SKF USA for an undisclosed price. Sam Dickman, Jr., Sam Dickman and Anthony Huenerbein of Milwaukee-based The Dickman Co. — CORFAC International represented the buyer in the transaction and Adam Williquette of NAI MLG Commercial represented the seller.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
PASADENA — Houston-based Arch-Con Construction has been selected to construct a 40,000-square-foot office/warehouse complex for Total Safety-Webb Murray at 4210 Malone Dr. in Pasedena, close to LaPorte. The tilt-wall facility will house 20,000 square feet of office space, 20,000 square feet of warehouse space and a one-acre lay-down yard. Houston-based Powers Brown Architecture designed the facility, which is slated for completion in February 2012.
FLORENCE, S.C. — Farmington, Conn.-based Otis Elevator has purchased the 423,581-square-foot Florence Industrial Center, located at 1500 Range Way in Florence, from Hackman Capital for an undisclosed price. John Ticon and Edward Kercher of Cushman & Wakefield's Charleston, S.C., office represented the buyer in the transaction. Randy Stump of Charlotte, N.C.-based The Stump Corp. represented the seller.
SYRACUSE, N.Y. — Minneapolis-based NorthMarq Capital has arranged $6.55 million in first mortgage financing for Woodbine Warehouse, a 200,000-square-foot industrial facility at 5717 Enterprise Pkwy. in Syracuse. NorthMarq's Michael James arranged the financing based on a 10-year term with a 15-year amortization schedule through NorthMarq's correspondent relationship with Sun Life of Canada.
CHICAGO — Summit Design + Build has completed a $20 million, 91,000-square-foot headquarters and product distribution facility for Testa Produce, located at 4555 S. Racine Ave. in Chicago. The facility sits on 11 acres in the Chicago Stockyards Industrial Park. Testa Produce will relocate from its existing facility at 1501 N. Blue Island Ave. in Chicago.
PORT WASHINGTON, WIS. — Aldrich Chemical Co. has purchased a 182,000-square-foot industrial property, located at 690 W. Oakland Ave. in Port Washington, from Park Street Industrial. Brian Parrish and Dave Hazenfield of Milwaukee-based The Dickman Co. — CORFAC International represented the seller in the transaction. Elizabeth Kane and Katie Hobbins of Coldwell Banker Commercial represented the buyer.
LAREDO — Logistics companies Exel and DHL Supply Chain have announced plans to construct a 250,000-square-foot build-to-suit distribution center in Laredo. The project is expected to bring 100 new jobs. The center is being constructed to support cross-border business between the U.S. and Mexico. The facility will break ground this fall and is slated for a July 2012 completion. The companies are pursuing LEED certification for the property, which will be the first LEED certified distribution center in Laredo as well as Exel's first LEED distribution center in North America.
FREMONT, CALIF. – Furniture distributor Homelegance has completed a 154,435 -square-foot expansion at its Fremont facility. Homelegance originally purchased the property in 2010 with the intention to expand. It now consists of about 520,000 square feet. The expansion’s completion was announced by Casey Ricksen, senior vice president with Colliers International’s Oakland office. It was undertaken by Tulloch Construction.