CAHOKIA, EAST ALTON AND EFFINGHAM, ILL. — The BARBERMurphy Group has brokered three commercial real estate transactions in Illinois. In the first deal, BARBERMurphy represented Momentum Church Inc. in the disposition of a 28,000-square-foot church at 93 Water St. in Cahokia to The Gateway Area Bible Fellowship for an undisclosed price. Additionally, BARBERMurphy represented Berco Construction in the acquisition of a 28,147-square-foot industrial building at 600 W. MacArthur Dr. in East Alton from Landreth Land LLC for an undisclosed price. In the final transaction, BARBERMurphy represented Donnewald Distributing in the sale of a 14,050-square-foot distribution center, located at 1408 E. Fayette Road in Effingham, to Versa Tech for an undisclosed price.
NEW YORK CITY — ALMA Realty has acquired the former Apple Tag Building in Queens' Long Island City neighborhood for $21.5 million. The buyer plans to redevelop the five-story, 230,000-square-foot industrial loft building into retail and office space. Two floors will be added to the structure. Education and exhibition space will also be constructed. Kostas Alafoyiannis and John Maltz of Greiner-Maltz represented ALMA as well as the undisclosed seller. The development timetable was not released.
POWAY, CALIF. — DCR Real Estate III Sub 1 LLC has sold an 11,768-square-foot industrial building, located at 12169 Kirkham Road in Poway, to Kevin Clark and Cindy Clark for $1.2 million. Brent Bohlken of Grubb & Ellis represented both parties in the transaction.
BOLINGBROOK, ILL. — Atlanta-based Premier Transportation has leased 164,355 square feet at Highland Corporate Center Building #2 in Bolingbrook. The fully leased, 328,709-square-foot industrial facility features 30-foot clear ceiling heights, 40 exterior docks and trailer storage. Jason West and Sean Henrick of Cushman & Wakefield brokered the transaction. The property was developed by ML Realty Partners. Terms of the lease were not disclosed.
OMAHA, NEB. — World Group Commercial Real Estate has brokered the lease of 120,000 square feet of industrial space in Omaha. Lincoln Structural Solutions, a division of Omaha-based Owen Industries, has leased the space, which is located at 110th and E Circle, for a 5-year lease with an option to buy. The company is relocating from Lincoln, Neb., and plans to open the facility in May. Trenton Magid of World Group represented the landlord, Schumacher Enterprises, in the transaction. Additional terms of the lease were not released.
CARROLLTON — Now Specialties Inc., an exterior wall system designer, fabricator and installer, has expanded its corporate headquarters, production and warehouse space at Country Club Place by signing a 45,178-square-foot lease to become the largest tenant in the three-building property. Now Specialties occupies the entire 25,000-square-foot Building 3 and 20,178 square feet of Building 2 at 2122 Country Club Pl. Brian Pafford of Bradford Commercial Real Estate Services negotiated on behalf of the landlord, Acquiport DFW.
NORTH LAS VEGAS — CB Richard Ellis has presided over the $9.75 million trade of an approximately 219,068-square-foot distribution building located at 4335 Arcata Way in North Las Vegas. CBRE’s Greg Tassi represented both the buyer, Bixby Land Co., and the seller in the transaction.
HANAHAN, S.C. — New Breed Logistics has leased 260,133 square feet of industrial space at North Pointe Industrial Park in Hanahan. Inland American Industrial Management leased the space, which is located at 7405 Magi Road, for an undisclosed price. Dan Rose of Carter & Associates and Dunston Powell of Carolina Commercial Real Estate represented the tenant; Hagood Morrison, Peter Fennelly and Simons Johnson of Colliers International represented the landlord in the transaction.
MONROE AND CRANBURY, N.J. — Cushman & Wakefield has brokered the sale of a 1.03 million-square-foot industrial portfolio located in Monroe and Cranbury. Situated within the New Jersey Turnpike Exit 8A submarket, the portfolio comprises six buildings that were combined 93 percent leased at the time of the sale. The buyer was an investment fund managed by Morgan Stanley and the seller was BlackRock. The Cushman & Wakefield team of Andrew Merin, David Bernhaut and Gary Gabriel represented the seller and procured the buyer.
HOUSTON — Val-Fit Inc. has leased a 170,017-square-foot warehouse space at 9051 Spikewood Dr. in Railwood Industrial Park in Houston. The landlord, Weingarten Realty Investors, was represented in-house by Mary Jo Giammalva, while Val-Fit was represented by John Ferruzzo, Chris Kugle and Dustin Gilloz of NAI Houston.