ROSCOE, ILL. — American Aluminum Extrusion (AAE) plans to open a 276,000-square-foot manufacturing facility in Roscoe. The company will take occupancy of the former Warner Electric plant, which is located at 5253 McCurry Road. AAE plans to invest $7.5 million into the facility and create 130 new jobs in the area by 2013. The company will take occupancy by the end of the year.
EAST TAUNTON, MASS. — Maggiore Cos. will soon break ground for a new 137,000-square-foot industrial project in East Taunton. The building will be located at 60 O'Connell Way within the Liberty and Union Business Center. It is the last building to built as part of the 41-acre park. CB Richard Ellis/New England will lease the building, which will be ready for tenant build-out by July.
FORT WORTH — Universal Recycling Technologies has leased the 19,800-square-foot balance of Northpoint Trade Center's Building II, located at 731 Eight Twenty Blvd. in Fort Worth. The lease makes the national recycling organization the largest tenant in the 100,500-square-foot warehouse, and the new space is contiguous to Universal Recycling's previous 20,000 square feet in the warehouse. Based in Janesville, Wis., Universal Recycling operates seven recycling facilities throughout the U.S. Tim Vogds of CB Richard Ellis (CBRE) represented Universal Recycling, while Todd Lambeth of Dallas-based Bradford Commercial Real Estate Services represented the landlord, Bel Air Industrial.
DALLAS — Nathan Denton of Lee & Associates has represented the seller in a 52,500-square-foot industrial sale at 14105 Inwood Rd. in Dallas. The seller, 14105 Inwood, LLC, sold the property to FR Warehouse Project, LLC, represented by Dave Anderson of CB Richard Ellis (CBRE).
CHINO, CALIF. — Lee & Associates has presided over the $8.5 million sale of a 189,990-square foot industrial property located at 13780 Central Ave. in Chino. Built in 1988, the single-building development is situated near the 60 and 71 freeways, as well as the Chino Airport, in the western part of San Bernardino County. Lee & Associates’ Bill Heim and Eloy Covarrubius represented buyer, DCT Industrial, in the transaction, and the brokerage firm’s Jack Cline, Patrick Bogan and Steve Coulter represented the seller, Gamm Enterprises. The buyer plans to renovate the property and lease it out.
SAN JOSE, CALIF. — Holliday Fenoglio Fowler LP has arranged $9.99 million in refinancing for a 166,600-square-foot industrial/warehouse facility located at 940 Remillard Court in south San Jose. Originally built in 1976 and situated on 7.6 acres close to Interstates 101 and 280 and the San Jose International Airport, the property was fully renovated in 2000 and 2008. On behalf of Remillard Court Holdings LLC, HFF’s Peter Smyslowski and Kevin Redford placed the 5.98 percent fixed-rate loan with Wells Fargo Bank. Retiring a maturing loan on the fully leased property, the refinancing has a 10-year term and 30-year amortization schedule.
CHARLESTON, S.C. — US Industrial REIT III, an affiliate of USAA Real Estate Co., has acquired a 1.1 million-square-foot property in Charleston. The LEED Gold-certified, cross-docked Class A bulk distribution facility is situated on 124 acres at the Rockefeller Group-MeadWestvaco Foreign Trade Zone. The sellers were a joint venture consisting of The Rockefeller Group and MeadWestvaco Corp. Andrew Merin and Stewart Calhoun of Cushman & Wakefield, along with locally based Colliers Keenan, represented the seller in the transaction. The acquisition price was not disclosed.
HOUSTON — Precision Flamecutting & Steel, Inc., has purchased 13.19 acres at Satsuma Station Industrial Park, located off U.S. Highway 290 and Highway 6 in northwest Houston. The new 105-acre, master-planned business park is a development of PinPoint Commercial LP and is currently home to FedEx Freight's 153,853-square-foot facility. Bill Rudolf and Gray Gilbert of CB Richard Ellis (CBRE) represented Precision Flamecutting & Steel, Inc., in the transaction.
RURAL HALL, N.C. — Cole Real Estate Investments has acquired Hanesbrands Distribution Center in Rural Hall for an undisclosed price. The property was acquired along with the Medtronic Office Building in San Antonio, Texas, in separate transactions totaling $64.6 million. The 930,000-square-foot Hanesbrands building is leased to Hanesbrands under a 12-year, triple-net lease with a renewal option of an additional 10 years. Boyd Messmann provided in-house representation for Cole. Fran Donato of NAI Welsh represented the seller, Capital Solutions, in the transaction. John Johannson of NAI Welsh referred the transaction to Cole.
DUBUQUE, IOWA — Thermo Fisher has completed the disposition of its industrial complex, which is located at 2555 Kerper Blvd. in Dubuque. Situated on 12 acres, the 189,981-square-foot property sold for an undisclosed price to an undisclosed buyer. Andy Doyle and Ted Rebitzer with QC Iowa Realty represented the seller in the transaction.