WACO — Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, has opened a precision manufacturing center for hydrochemical work tool production at its Waco campus. The new facility, which spans 75,000 square feet, began operations earlier this year and will employ approximately 60 people when fully staffed and at full capacity. The facility is the fourth new Caterpillar location to open in Waco since 2005.
Industrial
CITY OF INDUSTRY, CALIF. — Colliers International has negotiated a 5-year lease for a 155,992-square-foot industrial building, located at 14255-14317 Lomitas Ave. in the City of Industry. Built in 2001, the state-of-the-art facility will be used as a warehouse by the new tenant, HOT Services, which was represented by IDS Real Estate Group. Colliers International’s Steve Bellitti, Tom Taylor and Tony Phu represented the Orange County-based landlord, Lomitas LP, in the $3.1 million transaction.
EDWARDSVILLE, KAN. — Premier Beverage, a wholly owned subsidiary of Glazer's of Kansas, has acquired an industrial property located at 1100 Blake St. in Edwardsville. The 245,000-square-foot industrial building, which was formerly occupied by Appleton Paper Co., sold for an undisclosed price. M&I Regional Properties LLC, the real estate arm of M&I Marshall & Ilsley Bank of Milwaukee, sold the property. David Zimmer of Zimmers Cos. represented the seller; Whitney Kerr of Cassidy Turley represented the buyer in the transaction.
SPRINGFIELD, MO. — Performance Food Group (PFG) is expanding its 80,000-square-foot PERFORMANCE Foodservice – Roma distribution facility in Springfield. The company plans to add 35,000 square feet to the existing property. The expansion will result in a $5.2 million in capital investment in the Springfield area. PERFORMANCE Foodservice Roma's Springfield facility serves more than 1,500 customers throughout a nine-state area, which includes pizzerias, Italian and Mexican restaurants and regional chains.
NEW BALTIMORE AND DETROIT, MICH. — NAI Farbman has brokered two sales totaling 157,175 square feet in Michigan. In the first transaction, Comerica Bank sold a 23,175-square-foot property, located at 51513 Industrial Dr. in New Baltimore, to Tipro Properties LLC for an undisclosed price. Jeffrey Cavazos and Paul DeBono of NAI Farbman represented the seller. In the second transaction, NAI Farbman's Brian Crawford represented both parties in the acquisition of a 134,000-square-foot facility at 6500 E. Davison in Detroit. Focus Hope sold the property to Grand Papa's for an undisclosed price.
SAN DIEGO — Richard Conner of Conner Family Trust has sold a 72,712-square-foot industrial building, located at 4370 Jutland Dr. in the Clairemont area of San Diego, to FFP Ltd. for $3 million. Originally developed in 1967, the property is situated just east of Morena Blvd. and north of Costco. Cushman & Wakefield’s Deborah Hunkeler and Colliers International’s Jay Arnett represented the seller in the transaction.
CAHOKIA, EAST ALTON AND EFFINGHAM, ILL. — The BARBERMurphy Group has brokered three commercial real estate transactions in Illinois. In the first deal, BARBERMurphy represented Momentum Church Inc. in the disposition of a 28,000-square-foot church at 93 Water St. in Cahokia to The Gateway Area Bible Fellowship for an undisclosed price. Additionally, BARBERMurphy represented Berco Construction in the acquisition of a 28,147-square-foot industrial building at 600 W. MacArthur Dr. in East Alton from Landreth Land LLC for an undisclosed price. In the final transaction, BARBERMurphy represented Donnewald Distributing in the sale of a 14,050-square-foot distribution center, located at 1408 E. Fayette Road in Effingham, to Versa Tech for an undisclosed price.
NEW YORK CITY — ALMA Realty has acquired the former Apple Tag Building in Queens' Long Island City neighborhood for $21.5 million. The buyer plans to redevelop the five-story, 230,000-square-foot industrial loft building into retail and office space. Two floors will be added to the structure. Education and exhibition space will also be constructed. Kostas Alafoyiannis and John Maltz of Greiner-Maltz represented ALMA as well as the undisclosed seller. The development timetable was not released.
POWAY, CALIF. — DCR Real Estate III Sub 1 LLC has sold an 11,768-square-foot industrial building, located at 12169 Kirkham Road in Poway, to Kevin Clark and Cindy Clark for $1.2 million. Brent Bohlken of Grubb & Ellis represented both parties in the transaction.
BOLINGBROOK, ILL. — Atlanta-based Premier Transportation has leased 164,355 square feet at Highland Corporate Center Building #2 in Bolingbrook. The fully leased, 328,709-square-foot industrial facility features 30-foot clear ceiling heights, 40 exterior docks and trailer storage. Jason West and Sean Henrick of Cushman & Wakefield brokered the transaction. The property was developed by ML Realty Partners. Terms of the lease were not disclosed.