WIXOM, MICH. — Signature Associates has brokered the $3.7 million sale of a 76,000-square-foot industrial property, located at 30893 Century Dr. in Wixom. Jim Montgomery, David Giltner and Steve Gordon of Signature Associate's Southfield, Mich., office represented the seller, Harmon Highway Co., in the transaction. Montgomery and Gordon also represented the buyer, Mans.
ORLAND, IND. — CTA Acoustics has signed a 93,200-square-foot lease at a manufacturing facility, located at 9670 Maple St. in Orland. Casey Cupp and Bill Cupp of Fort Wayne, Ind.-based CB Richard Ellis — Sturges represented the tenant in the lease negotiations. The landlord is Orland Acquisitions.
FALL RIVER, MASS. — Rhode Island Novelty, a Cumberland, R.I.-based toy importer and distributor, has purchased a 500,000-square-foot warehouse/distribution center at 350 Commerce Dr. in Fall River. The property sits on 27.5 acres and features concrete slab floors, insulated metal panel walls, rubber membrane over insulation and a steel deck roof, 32 to 47 feet high ceilings, 83 dock doors, one drive-in door, four compactor doors, 510 parking spaces and approximately 20,500 square feet of office space. Binswanger represented the seller, TJX Cos., in the transaction.
LINDEN, N.J. — Marcus & Millichap Real Estate Investment Services has brokered the $4.8 million sale of a 36,000-square-foot industrial building in Linden. The building is fully occupied and features a new roof, parking lot, facade and interior. Marcus & Millichap's Ben Sgambati and Alan Cafiero represented the seller, a local investor, and secured the buyer, an investor.
MIAMI — Costex Corp. has purchased a 180,000-square-foot industrial building, located at 7901-8187 NW 71st St. in Miami, for $10.3 million from Seagis Property Group. Devin White, David Albert and Ronald Marrero of CB Richard Ellis' Miami office represented the buyer in the transaction. Jim Armstrong and Michael Waite of Miami-based The Easton Group represented the seller.
ST. PETERSBURG, FLA. — Clearwater, Fla.-based The Ross Realty Group has negotiated the $1.65 million purchase of a 32,604-square-foot industrial property, located at 11880 28th St. in St. Petersburg. Elliott Ross of The Ross Realty Group represented the buyer, Kazarian Realty, in the transaction. PHP 5 was the seller.
DUNCAN, S.C. — Fehrer Automotive has signed a 93,971-square-foot industrial lease at 1825 E. Main St. in Duncan. Grice Hunt and Ford Borders of Greenville, S.C.-based NAI Earle Furman represented the tenant in the lease negotiations. CB Richard Ellis represented the landlord.
SAUK VILLAGE, ILL. — Principle Construction has started construction on a new 267,000-square-foot industrial facility for Winpak Portion Packaging, located at 1111 Winpak Way in Sauk Village. The property is located in Dermody Properties/DP Partners' 325-acre LogistiCenter at Sauk Village. Completion is slated for March 2012.
WAUSAU, WIS. — Packaging Corp. of America has signed a 51,376-square-foot lease, located at 8200 Highland Dr. in Wausau, with CAG Industrial. Scott Furmanski, Trent Poole and Roger Seigel with CB Richard Ellis' Milwaukee office represented the tenant in the lease negotiations.
CARLISLE, PA. — Malvern, Pa.-based Liberty Property Trust has broken ground on a 972,000-square-foot single-story Class A speculative warehouse and distribution center at the Carlisle Distribution Center in Carlisle. Liberty is investing approximately $45 million into the new facility. The warehouse has been designed to achieve LEED Core and Shell certification with features like wall insulation, roof insulation and high output lighting.