ROCHESTER, N.H. — 41 Old Dover Rd. LLC has purchased a 16,650-square-foot industrial building in Rochester for $325,000. The building is located at 41 Old Dover Rd. and the new owners plan to construct an 18,700-square-foot addition to the existing building. David Choate of Grubb & Ellis/Northern New England's Portsmouth office represented the seller, the DiGovanni Family Trust, in the deal. He also procured the buyer.
ARLINGTON — W.W. Grainger has acquired a 60,500-square-foot showroom/warehouse, located at 2251 E. Division St. in Arlington. Renee Efimoff of Arlington-based SCM Real Estate Services represented the seller in the transaction. The buyer was self-represented.
WHITEHALL, PA. — FL Smidth, an equipment and services provider for the cement and mineral industries, has signed a 15,575-square-foot lease at Riverside Business Center in Whitehall. The company will use the space to manufacture materials used in making turbine blades. John Crampsie of NAI Summit's Allentown, Pa. office represented the both the building owner and tenant in the deal.
ROSENBERG — Hi Tec Power has purchased a 20,000-square-foot industrial building, located at 25707 SW Freeway in Rosenberg. Taylor Schmidt and Neil Martin of Houston-based Finial Group represented both the buyer and the undisclosed seller in the transaction.
NORTH HOLLYWOOD, CALIF. – A 42,862-square-foot, multi-tenant industrial building in North Hollywood has sold to Ratner Property Management for $3.9 million. It is located at 10835 Vanowen Street. The building is about 95 percent occupied by 20 tenants, most of which are entertainment and industrial users. Ratner was represented by David Harding of CBRE’s Los Angeles North office. The seller was 10835 Vanowen Property, LLC.
OLIVE BRANCH, MISS. — IDI has broken ground on three industrial buildings in Crossroads Distribution Center, located in Olive Branch, which will total 1.75 million square feet. The 267,843-square-foot Building B is slated for completion in September, and the 869,892-square-foot Building G is slated for completion in October. Both buildings are speculative. The company has also broken ground on the 615,305-square-foot Building E, a build-to-suit for Milwaukee Electric Tool, which is also scheduled for completion in October.
SAN ANTONIO — San Antonio-based 4M Realty Co. has arranged the sale of a 163,000-square-foot industrial building, located on a 9-acre lot at 6351 Rittiman Road in San Antonio. Michael Weiss and Nick Prater of 4M Realty Co. represented the seller, City Bank Texas, in the transaction. Todd Hess of Keller Williams Commercial Realty's San Antonio office represented the buyer, Daily Bread Ministries.
HOUSTON — Coldwell Banker Commercial United, Realtors has brokered the sale of a 7,312-square-foot industrial property, located at 2301 McAllister Road in northwest Houston. Randy Connell of Coldwell Banker's Houston office represented the buyer, SIngle Source Events, in the transaction. Michael Holmes of Weichert Realty's Houston office represented the undisclosed seller.
CHICAGO — Ascent Corp. has secured $107 million in debt financing from a lending group headed by Bank of America Merrill Lynch. The funds will be used to expand the company's newest data center, CH2 in Chicago and enable the company to expand into new markets. Riaz Cassum, Michael Kavanau and Laren O'Neil of HFF served as advisor to Ascent on the deal.
VAN BUREN TOWNSHIP, MICH. — Visteon Corp. has sold the Grace Lake Corporate Center in Van Buren Township to Sovereign Partners, for $81.1 million. The automotive supplier signed a 15-year lease for 572,000 square feet on the site where its corporate offices and innovation center will continue to be located. Under the agreement, Sovereign Partners will manage the 287-acre property, including all office buildings and a conference facility. The property's other tenants, GE and Dana Holding Corp., each have long-term leases that will remain in effect with the new property owner.