RICHMOND, VA. — Porter Realty Company has brokered the sale of 1101 East Laburnum Avenue, an industrial facility in Richmond. PSR 1101 LLC purchased the 59,800-square-foot property for $1.7 million. Richard Porter of Porter Realty represented the buyer; Kevin Cox, also of Porter Realty, represented the seller, Sovereign Holdings, in the transaction.
MT. PLEASANT, ILL. — Naples, Italy-based SEDA International Packaging Group S.p.A. has selected to open its North American manufacturing operations at Park 94 at Mt. Pleasant, an 84-acre business park developed by HSA Commercial. SEDA plans to occupy Building 1, a 323,610-square-foot LEED Silver-certified warehouse and manufacturing facility located at 12501 Globe Dr. The facility, which is expandable to 664,610 square feet, offers 30-foot clear-height ceilings, 40 docks, four drive-in doors and a 151-car and 80-trailer expandable parking area. The company is expected to make a $76 million investment in local operations and create approximately 200 jobs. James Babiasz and Patrick Dedering of The Boerke Company represented SEDA; David Bercu, David Liebman and Brendan Green of Colliers International represented the developer/owner, HSA Commercial Real Estate, in the transaction.
MELROSE PARK, ILL. — Meridian Design Build has completed a facility expansion for Kerry Ingredients & Flavours. The new 84,000-square-foot facility is located at 3141 W. North Ave. in Melrose Park. The design redevelopment project included the demolition of an outdated two-story, 100,000-square-foot facility. The facility includes five truck docks, silo pads, and a material unloading area with security initiatives, including card readers, security cameras, fencing and motor-operated sliding gates. Harris Architects provided architectural services for the project, while Jacob & Hefner Associates served as civil engineer.
EASTON, PA. — ProLogis has signed a 645,000-square-foot industrial lease with Walgreens at ProLogis Park 33 in Easton. Walgreens will move into 510,000 square feet of space within Building One at the industrial park this quarter. In addition, ProLogis will develop a 135,000-square-foot expansion, which Walgreens will move into upon its completion next spring.
BREA, CALIF. — Voit Real Estate Services has brokered the $4.95 million purchase of a 51,567-square-foot industrial property located at 660 North Puente in Brea. Voit’s Robert Socci and Joseph Miller represented the buyer, Data Technology Printed Circuits, in the transaction; the seller was Kilroy Realty Corp.
RIPON, CALIF. — Grubb & Ellis has negotiated Neenah Paper’s $9 million sale of a 332,400-square-foot industrial facility, located at 924 S. Stockton Ave. in Ripon, to Diamond Pet Food Products. Featuring two active Union Pacific Railroad spurs, the property consists of a 200,000-square-foot manufacturing building, a 100,000-square-foot distribution center and two storage sheds totaling 32,400 square feet. Grubb & Ellis’ Bryce MacDonald represented the seller in the transaction, and John McManus of Cushman & Wakefield represented the buyer.
AUSTIN — Gila, a company offering outsourced collections, payment processing and call center services to government entities, financial and higher education institutions nationwide, has leased 54,865 square feet in McShane Development Co.'s Tuscany Technology Center Building 4 in Austin. The business park is situated on U.S. Highway 290, 3 miles from Interstate 35. Chad Barrett, Robert Shore and Bart Matheney of Aquila Commercial represented McShane, while John Bundy of Development 2000 represented Gila.
HONOLULU — Holliday Fenoglio Fowler LP has secured $17 million for the refinancing of the 261,038-square-foot Bamboo Commerce Center, an industrial complex situated on 11.4 acres close to the Honolulu International Airport and Honolulu Harbor at 2312 Kamehameha Hwy. On behalf of Fowler Property Acquisitions, HFF’s Tucker Knight placed the 4-year, fixed-rate loan with FundCore Finance. Loan proceeds are refinancing an existing loan encumbering the six-building property, which was completed in 1979 and extensively renovated in 2007.
POMPANO BEACH, FLA. — DRM Partners has acquired a 24,450-square-foot industrial property, which is located at 1831 Blount Road in Pompano Beach. Meli Inc. sold the property for $2.49 million or $101 per square foot. The new owners plan to occupy part of the building with the remaining portion occupied by a credit-tenant on a long-term lease. DRM Partners intends to use the space for the expanded operations of Exotech Inc., a metal processing and recycling operation. Harry Tangalakis, Tom O'Loughlin and Lindsay Dekker of CB Richard Ellis represented the seller in the transaction.
WINDSOR, CALIF. — Cassidy Turley BT Commercial has brokered the $12.5 million sale of a 65,000-square-foot industrial facility located within the 98-acre, master-planned Shiloh Oaks Commercial Center on the west side of Highway 101 in Windsor. Situated north of Santa Rosa in Sonoma County, the freestanding building is fully net-leased to FedEx Ground. Cassidy Turley’s Chris Sheldon, Andrew Bogardus and Douglas Longyear represented both parties in the transaction.