DALLAS — Loren Sign Co., a California-based company, has sold an 8,085-square-foot warehouse and distribution center located at 1393 Round Table in west Dallas, between Highway 183 and Interstate 35, to a local user. John Bielamowicz of Henry S. Miller Brokerage's Dallas-Fort Worth office represented Loren Sign Co., while Jackie Carter, an independent licensed sales professional, represented the buyer.
POMPANO BEACH, FLA. — Michael Feingold, owner of Wristband Specialty Products, has acquired the Barr Wholesale Building at 1650 N.W. 33rd St. in Pompano Beach. The 19,095-square-foot industrial facility sold for $1.1 million. Richard Reicher of Uniweb Commercial represented the buyer; Jeffrey Scott of Brenner Real Estate Group represented the seller, Jeff and Lisa Barack of the Barack Family Real Estate Holding Group, in the transaction.
AUBURN HILLS, MICH. — Montaplast of North America has acquired a 24,016-square-foot hi-tech/flex building in Auburn Hills. Servco Inc. sold the property, which is located at 1849 Pond Run, for an undisclosed price. Montaplast is an international company specializing in the production of plastic precision parts and systems for the automobile industry. Mitchell Lipton of Friedman Real Estate Group represented the seller in the transaction.
MONTGOMERY, ILL. — Peoria, Ill.-based General Pump and Machinery has purchased an approximately 10,000-square-foot warehouse building in Montgomery for $585,000. Situated on 2 acres near Route 31, the property features one dock, one drive-in door, 1,800 square feet of office space and 18-foot clear ceiling heights. Brian Dolan of Dolan & Murphy represented the buyer; Steve Chrastka of JCF Real Estate represented the undisclosed seller in the transaction.
PISCATAWAY AND LOPATCONG, N.J. — A joint venture between Boston-based STAG Capital Partners and California-based GI Partners has purchased an industrial portfolio in New Jersey from Captive Realty Co. The two buildings are located at 251 Circle Drive North in Piscataway and 190 Strykers Road in Lopatcong. Both are rail served. They contain approximately 315,500 square feet of manufacturing and distribution space, and are fully leased to Captive Plastics, a subsidiary of Berry Plastics Corp. Jeffrey Dunne, Kevin Walsh and Brian Shultz of CB Richard Ellis' New York Institutional Group partnered with Samuel Buckley of the firm's Saddle Brook, N.J., office to represent the seller. The team also procured the buyer.
LINDEN, N.J. — Two tenants have signed on to take all of the space at 55 Wildcat Way, a newly built, 385,000-square-foot distribution center located in Linden. Asian food distributor JFC International will occupy 203,000 square feet, and third-party logistics provider Horizon Logistics will occupy the remaining 182,000 square feet. Cushman & Wakefield's Stephen Elman partnered with former Cushman brokers Noah Balanoff to represented the landlord, The Morris Companies. The CB Richard Ellis team of Bill Waxman, Mindy Lissner and Masahiro Tanaka represented JFC International, and Chris Hile of Jones Lang LaSalle represented Horizon Logistics.
IRVINE, CALIF. — Todd E. Schiffman has sold a 42,000-square-foot industrial property, located at 16902 Von Karman Ave. in Irvine, for $4.2 million. Voit Real Estate Services’ John Griffin represented both the buyer, Bellis Investments, and the seller in the transaction.
HANOVER PARK AND CHICAGO, ILL. — Krusinski Construction C. has completed two tenant improvement projects in Illinois. In Hanover Park, the company completed a 20,000-square-foot freezer and cooler vestibule for JFC International, a distributor of Asian food products. The project included new access and egress for employees though the expanded parking lot. California-based Gene Cipparone Architects provided design services for the project. In Chicago, Krusinski renovated a 17,000-square-foot facility to include an 8,000-square-foot freezer, a cooler area and a production line area for Diana's Bananas, a producer and distributor of chocolate-dipped frozen bananas. Chicago-based Archideas provided architectural services for the facility, which is located on Harrison Street.
CENTRALIA, ILL. — Donnewald Distributing has completed the disposition of a warehouse facility in Centralia. Located at 115 Harting Dr., the property offers 37,730 square feet of industrial space. Wire Basket Tray acquired the facility for an undisclosed price. The BARBERMurphy Group brokered the transaction.
EDISON, N.J. — Italian food distributor Colavita USA has acquired an Edison industrial facility for its new headquarters. The 179,680-square-foot facility is located on 10.96 acres at One Runyons Lane. It features 27-foot ceilings, 40-foot by 35-foot column spacing, 14 truck doors, two drive-in bays and 36,205 square feet of office space. Colavita will be relocating to the property from Linden, N.J. Gary Capetta of Pantheon Properties represented Colavita in the deal. The Jones Lang LaSalle team of Joel Lubin and Chuck Fern represented the seller, GUND, a toy manufacturer. The acquisition price was not disclosed.