CHICAGO — Cleveland-based Euro USA has purchased 4430 South Tripp in Chicago from Protein Solutions for an undisclosed amount. Situated on a 1.4-acre lot, the 35,748-square-foot, Class A food processing facility was renovated in 2004. The facility is USDA and FDA compliant and features three external loading docks. Steve Livaditis of CB Richard Ellis represented both parties in the transaction.
HARTFORD, CONN. — Colliers International has completed the sale of a 119,790-square-foot industrial building located at 231 Weston St. in Hartford. Summit Development purchased the property from NTAA LP for $1.1 million. Nicholas Morizio of Colliers represented both parties in the deal.
HOUSTON — NorthMarq has arranged first mortgage financing of $12.5 million for Corporate Centre Shepherd, a 235,579-square-foot Class A flex industrial project located at 707-767 N. Shepherd in Houston. Major tenants include Harris County, Time Warner Telecom, Tommie Vaughn Motors and Discover Gymnastics. Financing was based on a 10-year term and a 30-year amortization schedule and was arranged for Warehouse Associates Corporate Centre Shepherd, Ltd., through NorthMarq's correspondent relationship with Aetna.
ORLANDO, FLA. — The 83,712-square-foot, Class A industrial building Cypress Lake V, located at 1611 Cypress Lake Dr. in Orlando, was sold to FAAST Leasing of Florida for $1.4 million. The undisclosed seller was represented by Drew Saphos, Paul Vera, Michael Heidrich, Christie Alexander and George Livingston, of Maitland, Fla.-based NAI Realvest negotiated the transaction. The buyer was represented by Nick Sands of Pizzuti's Orlando, Fla., office.
SANTA ANA, CALIF. — Lee & Associates has managed the $3.2 million trade of a 46,417-square-foot industrial building located at 1039/1045 4th St. in Santa Ana. David Williams of Lee & Associates Commercial Real Estate Services – Orange represented the seller, Premier Commercial Bank, in the transaction, and Dylan Gormly of Lee & Associates-Irvine represented the buyer, Manser Family Trust.
BIRMINGHAM, ALA. — Downtown Storage of Birmingham, a 75,897-square-foot, 627 storage unit self-storage facility has sold for $2.5 million to Ala.-based Metro Mini Storage. The seller, a financial institution out of California, was represented by Michael A. Mele of Marcus & Millichap's National Self-Storage Group and Nicholas Walker of Marcus & Millichap's Ontario, Ca., office. The buyer was represented by Edwin Greenhalgh of Marcus & Millichap's Birmingham office.
KANSAS CITY, KAN. — Gershon Investments has acquired 1333 Washington in Kansas City. Edwin E Hollandsworth sold the 32,752-square-foot industrial property sold for an undisclosed price. Paul Neal of Grindstone Industrial Properties negotiated the transaction.
KANSAS CITY, KAN. — Freight Concepts has leased 49,137 square feet of industrial space at 30 Osage in Kansas City. Terms of the 4-year lease were not disclosed. The landlord is Premier Investments. Paul Neal of Grindstone Industrial Properties brokered the transaction.
LOS ANGELES — Newmark Knight Frank has brokered the $9.3 million sale of a 57,000-square-foot warehouse building, located two blocks from Los Angeles International Airport at 5651 West 96th Street. China Airlines Ltd. acquired the facility to accommodate an increase in cargo shipments. Newmark Knight Frank’s Ron Burkhardt, Steve Kolsky, Michael Arnold and Jeff Bhathal represented the seller, Avila 8 LLC, in the transaction, and Michael Tsaparian of Lee & Associates represented the buyer.
NASHVILLE, TENN. — DCT Industrial Trust leased 390,620 square feet to an undisclosed products manufacturer for an undisclosed price. The cross-dock distribution building, which is a joint venture between DCT Industrial and IDI, totals 556,000 square feet and features a 32-foot clear height, an ESFR sprinkler system and a 180-foot secured truck court. Don Kent and Clinton Gilbreath of the CB Richard Ellis' Nashville office represented the tenant, and Steve Preston of the CB Richard Ellis' Nashville office and Douglas Johnson of the CB Richard Ellis' Chicago office represented the landlords.