RACINE, WIS. — Milwaukee-based Grubb & Ellis/Apex Commercial has brokered the sale of a 78,400-square-foot industrial building located at 3911-3931 S. Memorial Dr. in Racine for an undisclosed price. Cumberland Packing Corp. purchased the property from David Kelley. Bill Langhoff of Grubb & Ellis/Apex Commercial represented both parties in the transaction.
LYON TOWNSHIP, MICH. — Kennedy Industries has leased 38,181 square feet of industrial space at 52900 Grand River Ave. in Lyon Township. Jim Montgomery of Southfield, Mich.-based Signature Associates represented the tenant in the lease transaction. The landlord is Soave Real Estate.
CHINO, CALIF. — Selco Associates has signed a new lease for a 93,522-square-foot industrial building in Chino that it had previously been subleasing from Las Vegas Express for the past 15 months. The third-party logistics provider was represented by Jones Lang LaSalle’s Southern California Industrial Tenant Representation Team, which is led by executive vice presidents Mike Fowler and Tim O’Rourke. The building’s owner was represented by Steve Belletti and Josh Hayes of Colliers International.
CHARLOTTE, N.C. — Trinity Partners has arranged the $43 million sale of the 944,399-square-foot Woodland Business Park, a 12-building industrial park located at Woodpark Boulevard in Charlotte, to Dallas-based Crow Holdings. David Allen and Dunn Mileham of Trinity Partners' Charlotte office represented the undisclosed seller. The buyer was self-represented.
HICKORY, N.C. — Atlanta-based ADEVCO Corp. has sold a 60,000-square-foot call center, located off Interstate 40 in Hickory, to McClean, Va.-based The Gladstone Cos. for $10.65 million. The building is fully leased to Fiserv. John Kerby and Tom Hughes of Atlanta-based First Fidelity Cos. represented both parties in the transaction.
WARREN, OHIO — A joint venture between Cleveland-based Industrial Commerce, Los Angeles-based Industrial Realty Group and B.J. Alan Co. has purchased a 1.2 million-square-foot industrial park, located on North River Road in Warren, from Delphi Automotive for $2.63 million. No brokers were involved, but the deal was processed through the Western Reserve Port Authority. Additionally, Phantom Fireworks has leased 640,000 square feet on the property. Jeffrey Bilsky of Cleveland-based NAI Daus represented the tenant in the lease transactions.
SECAUCUS AND JERSEY CITY, N.J. — Samsung C&T America has signed a lease for 185,000 square feet of industrial space at 35 Henry St. in Secaucus, and Walong Marketing, Inc. has renewed its lease for 175,456 square feet of industrial space at 99 Caven Point Rd. in Jersey City. Samsung and Walong were represented by Andrew Stypa and Daniel Badenhausen of Cushman & Wakefield, and both tenants signed their lease with Hartz Mountain Industries. Gus Milano and Ernest Cristoff represented Hartz in house in the lease negotiations. Samsung’s fashion and textile division will occupy the 185,000-square-foot space in the Harmon Cove Industrial Park. Walong renews its 175,456-square-foot lease for another 20 years.
PHOENIX — Jones Lang LaSalle Industrial Solutions has sold a 302,640-square-foot distribution building in Tolleson, Ariz., to a limited partnership formed by Prologis for $9.95 million. The seller, the Paul and Eleanor Sade Trust, put the building up for sale after its long-time tenant, Reckitt Benckiser, expanded and relocated in Utah. The trust was represented by JLL managing directors Anthony J. Lydon and Marc Hertzberg in this all-cash transaction. The two have also been assigned to carry out the leasing efforts for Prologis, which was represented in-house by senior vice president and investment officer Fritz Wyler.
WOODLAND HILLS, CALIF. — Colliers International has sold a 34,321-square-foot industrial building in Woodland Hills to Sky High Sports for $5.35 million. This acquisition will represent the trampoline fun center’s first expansion into the San Fernando Valley. It had previously leased a building in Camarillo in 2010. Sky High Sports was represented by members of TEAM DeGRINIS, which is based out of Colliers’ Encino office. The team included John DeGrinis, Patrick DuRoss and Jeff Abraham. The seller was represented by Jim McDonald of Group 100.
LAVERGNE, TENN. — CB Richard Ellis has arranged the $3.6 million purchase of a 184,434-square-foot industrial building, located at 1045 Firestone Parkway in the Interchange City Industrial Park in LaVergne. Steve Preston and Douglass Johnson of CBRE's Nashville, Tenn., office represented the buyer, Wonton Foods. The seller was Texas-based Orix Capital Markets.