MILWAUKEE — Semco has sold a 95,500-square-foot industrial property, located at 11225 W. Heather Ave. in Milwaukee, to 11225 Heather, LLC, for an undisclosed price. Sam Dickman, Jr., and Sam Dickman, Sr., of Milwaukee-based The Dickman Co./CORFAC International represented both the buyer and the seller in the transaction.
Industrial
CARSON, CALIF. – Calko Transport has signed a five-year lease for a 135,727-square-foot industrial property inside the master-planned Watson Industrial Center in Carson. The building is located on about 10 acres and will serve as a third-party logistics site for the company's new corporate headquarters as it relocates from nearby Carson. Lee & Associates' Don Smith and NAI Capital's Kent Choi represented Calko. Watson Land Company was represented in-house by Lance Ryan and Mike Bodlovich.
DUNN, N.C. — Delhaize America and Food Lion have plans to expand the company's distribution center in Dunn by 54,000 square feet. The center currently serves 264 Food Lion stores primarily in N.C. Upon completion in early 2012, the facility will be more than 1.3 million square feet.
ROBBINSVILLE, N.J. — Matrix Development Group has acquired 4 Applegate Drive, a 265,014-square-foot Class A warehouse site in Robbinsville from Allstate Investment. Matrix has also executed two leases for 80 percent of the building and capitalized the site in a venture with its partners at Morgan Stanley. BudCo East Coast has signed a 153,200-square-foot lease and Longchamp USA has leased 55,345 square feet at the site. Matrix is planning a $1.8 million renovation, which will include adding a truck court and loading doors to the site. Mindy Lissner and Stacey Weinberg of CB Richard Ellis represented Allstate in the property sale and Matrix was represented in-house. Jason Goldman of Cushman & Wakefield of New Jersey, Inc. represented BudCo and Joel Lubin of Jones Lang LaSalle represented Longchamp in the lease negotiations. Matrix was represented in-house in the lease transactions.
AUBURN HILLS, MICH. — General Development has been selected to construct a 55,490-square-foot build-to-suit project on 14.64 acres of land in Auburn Hills at the Oakland Technology Park. Schostak Brothers is developing the LEED certified building for Henniges Automotive, which will move from its current headquarters in Farmington Hills. Randall Thomas of Commerce Township, Mich.-based Insite Commercial represented Schostak Brothers in the purchase of the land from General Development, which was represented by Matt Farrell of CORE Partners.
CEDAR PARK — Grubb & Ellis Co.’s Self Storage Group has facilitated the sale of Hill Country Self Storage, a Class A storage facility comprised of 555 units totaling 68,777 square feet of storage space in Cedar Park. The facility was constructed in 2005 and will be operated by Don Clauson, the buyer. Steve Mellon and Pete Williams of Grubb & Ellis represented the seller, Legend Communities. The property was 85 percent leased at the time of the sale.
ATLANTA — A 657,000-square-foot former SuperValu Foods grocery distribution center, located at 605 Selig Dr. S.W. in the Fulton Industrial district of Atlanta, has been acquired by 605 Selig Drive, LLC, an entity affiliated with Covington Capital. The buyer plans to rebrand the industrial property as Logistics Pointe. St. Louis-based Commercial Development Corp. sold the site, which was approximately 50 percent occupied at the time of the transaction and includes more than 40 acres. Steven Cooney of Tranzon Asset Advisors represented the seller, while David Beak of NAI Brannen Goddard represented the buyer. Covington Capital is planning an aggressive program of interior and exterior improvements.
MADISON, PERRY & JACKSONVILLE, FLA. — Dickinson-Klotz Real Estate Investment Advisors has negotiated the sale of three Florida apartment complexes. In the first transaction, the 76-unit Madison Heights Apartments in Madison and the 100-unit Tidewater Apartments were sold for $4.4 million. Maurice Matovich and John Middleton of Dickinson-Klotz represented the seller, Fort Lauderdale, Fla.-based Madison Perry, LLC, and procured the buyer, Tallahassee, Fla.-based Griffin Heights. In a separate transaction, the 62-unit Hampton Villa Apartments in Jacksonville was sold for $1.9 million. Matovich represented the seller, Apopka, Fla.-based Kashill Holdings, and procured the buyer, Jacksonville-based Sunshine State Investments.
SAUK VILLAGE, ILL. — Dermody Properties has been selected to develop a $30 million, 267,000-square-foot build-to-suit industrial facility for Winpak Portion Packaging, to be located at DP LogistiCenter at 1111 Winpak Way in Sauk Village. Completion is slated for the spring of 2012. Justin Fierz and Brian Vanosky of Lee & Associates' Chicago office represented Winpak in the lease negotiations and George Cibula of Elmhurst, Ill.-based Darwin Realty represented DP. Principle Construction is the general contractor for the project.
EXTON, PA. — CB Richard Ellis, Inc. (CBRE) has brokered Ecospan’s lease of 20,120 square feet of industrial/flex space from 753 Springdale Drive Associates at Whiteland Business Park in Exton. Ecospan will use the space to research and develop eco-friendly products. Tom Bailey and Steven Italiano of CBRE represented 753 Springdale Drive Associates in the transaction.