DURHAM, N.C. — The Keith Corp. has sold the 309,000-square-foot Implus Building, located at 2001 T.W. Alexander Dr. in Durham, to New York-based GRC Durham for $21 million. The distribution facility is fully leased on a triple net basis. Chris Norvell and David Finger of Cassidy Turley's Raleigh, N.C., office and Rob Cochran of the Charlotte, N.C., office represented the seller in the transaction.
WESTON, FLA. — Greenfield World Trade has added an additional 16,650 square feet of distribution warehouse space to its lease to occupy an entire 61,000-square-foot building at the Meridian Business Campus, located at 3355 Enterprise Ave. in Weston. The extension was for another 30 months. Ken Morris of Plantation, Fla.-based Morris Southeast Group/CORFAC International represented the tenant in the transaction.
AURORA, ILL. — Follett Higher Education Group, a division of Follett Group, has signed a long-term lease for Butterfield 550, a 551,200-square-foot warehouse/distribution facility located in Aurora. Developed by Duke Realty in 2008, the building is situated within Butterfield Corporate Park. Follett plans to relocate to the building from River Grove, Ill., in November. David Justh and Keith Puritz of CB Richard Ellis (CBRE) represented the tenant in lease negotiations. John Suerth, Traci Buckingham and David Prell, also of CBRE, represented Duke Realty.
WEST DUNDEE, ILL. — Opus Development Corp. has disposed of Oakview Building I, a 154,475-square-foot industrial property located within Oakview Corporate Park in West Dundee. The building was 83 percent leased at the time of closing to Plastival Inc., General Technologies Inc., and MayTec Inc. It is one of three buildings Opus constructed in the park. The buyer was Boston-based real estate advisor.
PLAINFIELD, IND. — Opus Development Corp. has sold a 481,976-square-foot distribution building in Plainfield to Founders Fund I LLC for an undisclosed amount. The property is Airwest Building 9, which is located within Opus' 13-million, 6 million-square-foo Plainfield Business Center at Airwest. It was constructed in 2008 and is fully leased to Brightpoint and Sara Lee Corporation. Dave Watson of Founders Properties provided in-house representation for the buyer in the direct deal. Founders is a privately held company controlled by Opus founder Gerald Rauenhorst and Best Buy founder Richard Schulze.
WILLOWBROOK, ILL. — Romane Fragrances has purchased a 51,225-square-foot warehouse located at 7525 Quincy in Willowbrook for use as its new distribution center. Elise Couston and Les Spinner of Paine/Wetzel • ONCOR International represented the seller, Chicago Properties LLC, in the deal. Terry Grapethin of Cawley Commercial represented the buyer.
GERMANTOWN, WIS. — Topper Real Estate has purchased a 14,000-square-foot industrial building located on Bunsen Drive in Germantown from W.A. Strand Enterprises for an undisclosed amount. Bill Langhoff of Grubb & Ellis | Apex Commercial represented the buyer, and Cassidy Turley represented the seller.
MAHWAH, N.J. — The 38,500-square-foot 500 Corporate Drive, located off Route 17 in Mahwah, has been sold for $3.32 million. The industrial/flex facility offers 15,500 square feet of warehouse space, 10,500 square feet of flex/assembly space and 12,500 square feet of office space. Kenneth Lundberg of NAI James E. Hanson's Hackensack, N.J., office represented the seller, MSS Associates. Mark Siegler and Marc Hirschinger of Cassidy Turley's Teaneck, N.J., office represented the buyer, ARC Global Holdings.
POCATELLO, ID — Idaho State University has purchased a 209,000-square-foot high-tech facility, which it plans to convert into a state-of-the-art national research facility. The building, which is located in the ISU Research Park, was initially constructed in 1996 and expanded in 2000. It contains 87,000 square feet of warehouse space, 69,000 square feet of manufacturing space and 50,000 square feet of office space, among other features. Eric Dienstbach, senior vice president of Binswanger, represented the seller, Kimberly-Clark.
LAURENS COUNTY, S.C. — Roncello, Italy-based Flame Spray S.p.A. has purchased a 31,160-square-foot building, located in the Woodfield Industrial Park in Laurens County, for their first and only North American production plant, which will be a $9.2 million facility. Kevin Bentley of Lee & Associates' Greenville, S.C., office represented the buyer.
