FRANKLIN, IND. — Stag Industrial has acquired a 703,496-square-foot warehouse and distribution facility in Franklin for $17.8 million. The building is fully leased to Anderson Merchandisers, which markets and distributes DVDs, movies and books, among other products. The company has 5 years remaining on its lease. The purchase brings Stag's total 2012 acquisition volume to approximately $65 million.
UNION, N.J. — Atlantic Star Trucking Inc. has signed a long-term lease for 60,000 square feet of industrial space at 1835 Burnet Ave. in Union. The company, which specializes in importing and exporting, will use the site for warehouse and distribution purposes. Barry Cohorsky of NAI Hanson represented the owner, Miller Industrial Properties, in the deal. Jones Lang LaSalle's Iselin, N.J. office represented the tenant.
SCHERTZ — San Antonio-based 4M Realty Co. has brokered the sale of a 386,000-square-foot industrial property, located at 1150 Schwab Road in Schertz on a 42-acre lot. Michael Weiss and Nick Prater of 4M represented the seller, City Bank Texas, in the transaction. John McMillan of San Antonio-based First American Commercial Property Group represented the buyer, Salof Properties.
HOUSTON — NAI Houston has arranged the sale of a 26,000-square-foot industrial building, located at 80 White Road in Houston. Clay Pritchett of NAI Houston represented the seller, Martinez A&M Investments, in the transaction and procured the undisclosed buyer.
CRANBURY, N.J. — Hardware manufacturer Howard Berger Co. Inc. has signed a 60,000-square-foot lease expansion at 324 Half Acre Rd. in Cranbury, bringing its headquarters to 297,000 square feet. Stang Danzig and Jules Nissim of Cushman & Wakefield's East Rutherford, N.J. office represented the owner, US Industrial REIT II, in the deal. CBRE represented the tenant.
DEVENS, MASS. — In a joint venture, Hackman Capital and Calare Properties have acquired the former Evergreen Solar Plant at 112 Barnum Rd. in Devens, for an undisclosed amount. The 448,000-square-foot manufacturing facility is situated on 25 acres. Evergreen Solar constructed the facility in 2010.
TOMBALL — Four D Resources has sold a 33,894-square-foot warehouse, located at 23540 Coons Rd. in Tomball, to Kiss Real Properties. Ron Roberson and Bill Ginder of Caldwell Cos.' Houston office represented the seller in the transaction. Greg Degeurin of Houston-based Degeurin Realty represented the buyer.
FONTANA, CALIF. — Syncreon Technology has leased a 155,000-square-foot industrial property in Fontana. It is located at 14780 Bar Harbor Road. The lease is valued at more than $1.7 million. The property is currently used as a distribution center. Syncreon was represented by Richard Horn and Philip T. Attalla of NAI Capital. The landlord is Intex Properties Inland Empire Corporation.
TINLEY PARK, ILL. — M. Block & Sons has signed a lease for 915,643 square feet of industrial space at 18801 Oak Park Ave. in Tinley Park, a south Chicago suburb. The building is located within the Tinley Park Corporate Center and includes 314 parking spaces, 211 loading doors and 32-foot clear ceiling heights. Jeff Locascio of Newmark Knight Frank Epic's Chicago office represented the tenant in the transaction. Larry Johnson of CBRE represented the building owner. M. Block & Sons is a supply chain solutions company that offers traditional warehousing, distribution and logistics services.
ALLENDALE, N.J. — In a joint venture, Loeb Partners Realty and Red Pine Capital Partners have purchased 75 Commerce Dr., an industrial facility in Allendale for $15.85 million. The 114,206-square-foot flex property includes 90,22 square feet of office and lab space and 23,984 square feet of warehouse space. At the time of sale, the property was leased to two tenants: Aptuit, a pharmaceutical company; and Energizer Holdings' Playtex Division, a personal care products company. Andrew Merin, David Bernhaut, Gary Gabriel, Jared Zimmel, Frank Caccavo, Jason Goldman, Marc Petrella and Andrew Siemsen of Cushman & Wakefield represented the seller in the transaction.