SAN ANTONIO — Dallas/Fort Worth-based Venture Commercial Real Estate has brokered the sale of a 42,887-square-foot industrial property, located at 501-505 S. Comal St. in San Antonio's Westside community. David Schnitzer of Venture Commercial represented the seller, 1114 West Commerce Associates, in the transaction. Patrick Shearer and Brad Hardy of San Antonio-based Peloton Commercial represented the buyer, the San Antonio City Public Service Board.
ISELIN, N.J. — Iselin-based Sperry Van Ness has arranged the sale of three industrial properties for a combined $7.5 million. In the first deal, Schott NYC, a leather jacket manufacturer, purchased a 58,683-square-foot property at 735 Rahway Ave. in Union, N.J. The company plans to use the building as its headquarters for manufacturing and distribution. Doug Richter and Ian Grusd of Sperry Van Ness represented the tenant in the transaction. David Fisher of Weichert Commercial represented the seller, Gelb Estate. Richter also represented Whitman, an engineering consulting firm, in its $1.8 million purchase of a 23,000-square-foot facility at 7-9 Pleasant Hill Rd. in Cranbury, N.J. Mary Ryan of Franzwa Real Estate Advisors represented the seller, Jaffar Inc. In the third deal, Sitex Group acquired a 40,000-square-foot distribution facility at 22 Cragwood Rd. in Avenel, N.J., for $2.5 million. Richter and Ian Grusd of Sperry Van Ness represented the seller, HLP Associates LP in the deal. George Molloy of Grubb & Ellis represented the buyer.
DAYTON, N.J. — Medicia Holdings, a soap, shampoo and body wash manufacturer, has renewed its lease at 2351 Route 130 S. in Dayton. The long-term lease is for 250,000 square feet of industrial space. Brian Cass, Blake Chroman, Rob Kossar and Joel Lubin of Jones Lang LaSalle represented the tenant in the transaction. Paul Torosian and Nate Demetsky of Cushman & Wakefield represented the landlord, Clarion Partners.
SALISBURY, MD. — A 49,000-square-foot industrial property, located at 618 Beam St. in Salisbury, has sold for $2.3 million. The warehouse/manufacturing facility is leased to Delmarva Media Group. John McClellan of Sperry Van Ness — Miller Commercial Real Estate's Salisbury office represented the seller, Beam Street, in the transaction. Henry Hann, also of the firm's Salisbury office, represented the buyer, Pennsylvania-based 618 Beam St., LLC.
ABERDEEN, MD. — Brick, N.J.-based Tryko Partners has purchased the 184-unit Perrywood Garden, located at 301 Mayberry Dr. in Aberdeen, for $10 million from Perrywood Garden Associates. The property has a project-based Housing Assistance Payment Contract in place for 100 of its units. Ridge MacLaren, Andrew Townsend and Clarke Talone of Marcus & Millichap's Philadelphia office represented the seller in the transaction.
CHICAGO — Richwell Enterprises, which specializes in distribution warehousing for the food service industry, signed a lease for 142,000 square feet at the Midway Business Center in Chicago. The property is located at 5363 S. Archer and will serve as a distribution center for one of Richwell's food customers. Matt Rogatz of Chicago Industrial Real Estate represented the tenant in the transaction. Mike Nelson and Mark Nelson of NelsonHill represented the owner.
DENVER — Enterprise Park, a three-building industrial park in Denver, has received $23 million in financing. The industrial park totals 458,397 square feet and was constructed in 2008. Financing was provided by Steve Bye and Dan Lucchesi of NorthMarq Capital’s Denver office for the borrower, an affiliate of Etkin Johnson Group.
GAINESVILLE — The $1.2 million construction of a 21,200-square-foot manufacturing facility, located at 3601 N. Interstate 35 in Gainesville, has started. Gainesville-based IFS Coatings will occupy the property upon completion. The facility broke ground in December 2011 and is slated for a May 2012 completion. Fort Worth-based Speed Fab-Crete is the general contractor and Fort Worth-based Callahan & Freeman Architects is serving as the project architect.
LAPORTE — Port Crossing Commerce Center, a joint venture between National Property Holdings and ML Realty Partners, has signed Gulf Winds International to a 247,240-square-foot lease, located at 1842 S. 16th St. in LaPorte. The 300-acre logistics industrial park is rail-served and located between the Barbours Cut and Bayport terminals. Michael Taetz, Gary Mabray and Jason Dillee of Colliers International's Houston office represented the landlord in the lease transaction. Aron Grenader of Houston-based First Houston Properties represented the tenant.
DEKALB, ILL. — An investment group controlled by Clayco and Venture One Real Estate, has acquired 350 acres of industrial land at 88 Park in Dekalb, from Citizens First National Bank. The land acquisition was financed by First Midwest Bank. The transaction represented the largest industrial land sale in the Midwest since 2007. Park 88 already contains distribution centers for 3M and Target. The 350 acres includes five pad-ready sites that can accommodate buildings of 162,000 square feet, 171,000 square feet, 418,000 square feet, 570,000 square feet, 587,100 square feet and one shovel-ready site for a 1.7-million-square-foot building.
