ELK GROVE VILLAGE, ILL. — CenterPoint Properties has purchased the RR Donnelly building in Elk Grove Village. Located at 2075 Busse Road, the property features 181,000 square feet of industrial warehouse space. Mark Baumhart of Arthur J. Rogers & Co. represented the buyer and seller, National Terminsal LLC, in the transaction. The acquisition was valued at $6.56 million.
LANCASTER, PA. — MBJA Partners has purchased a 136,542-square-foot industrial property located at 180 Greenfield Road in Lancaster from Union National Community Bank for $3.7 million. Thomas McDermott of NAI Commercial Partners represented the seller, and James Wentz of High Associates represented the buyer. In addition, Groff Page LP has acquired the former Faulkner Suzuki dealership in Lancaster from Judith S. Faulkner for $1.08 million. The 31,282-square-foot property is located on 1.6 acres at 1208 Harrisburg Pike. McDermott represented the buyer, and William Boben III of High Associates represented the seller.
GRAND BLANC, MICH. — Grand Blanc Machinery Center has acquired a 330,000-square-foot industrial plant in Grand Blanc. Cadence Innovation sold the property, which is located at 10230 N. Holly Road, for an undisclosed price, although the asking price was $1.97 million. Joe DePonio and Jason Capitani of L. Mason Capitani brokered the transaction.
MARQUETTE, WIS. — Cole Real Estate Investments has purchased a 30,040-square-foot facility in Marquette. The property, which is located at 3725 U.S. Highway 41 West, was sold by Club House Michigan LLC for an undisclosed price. Peter Nisbet of Marcus & Millichap represented the seller; Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The acquisition price was not released.
KENOSHA, WIS. — Towne Investments has purchased a 22,763-square-foot truck terminal and office building at Kenosha Industrial Park in Kenosha. The company plans to expand the property by 7,200 square feet and complete building renovations. Steve Anderson of NAI MLG Commercial represented the undisclosed seller in the transaction. Riley Construction Co. and Partners in Design Architects will provide construction and design services for the property expansion and renovation. The acquisition price was not released.
BINGHAMTON AND SYRACUSE, N.Y. — CB Richard Ellis (CBRE) / Syracuse has completed two leases in Upstate N.Y. In the first deal, L-3 Communications Corp. renewed its lease for 428,000 square feet of commercial space at 265 Industrial Park Drive in Binghamton. Bill Anninos of CBRE/Syracuse partnered with Mark Sprague of CBRE's Los Angeles office to represent the tenant. The landlord is Broome County Industrial Development Agency. In the second deal, G&C Food Distributors signed a lease for 273,225 square feet of industrial space at 3407 Walters Road in Syracuse. CBRE's Peter Finn and Mark Rupprecht represented the landlord, National Industrial Portfolio.
HOUSTON – Suhm Spring Works, a manufacturer serving the oil and gas, petrochemical, heavy equipment, nuclear, aerospace and defense industries, has purchased 12.5 acres in the 486-acre Interwood Business Park, located at Beltway 8 and John F. Kennedy Boulevard in Houston. Suhm will consolidate its Houston operations on the site, including its headquarters operation. The company plans a 117,000-square-foot headquarters as well as a primary manufacturing and distribution center on the property, located at the intersection of Heathrow Forest Parkway and FM 525. Construction is set to begin late this year with completion slated for 2012. Phil Arnett of Phil Arnett Commercial Real Estate Services represented Suhm in the transaction. Wolff Cos. sold the land.
GASTONIA, N.C. — Forsite Development has acquired a 211,000-square-foot former textile mill in Gastonia. The property, which is located at 1925 W. Poplar St., has been leased to WIX Filters and Republic Textile Equipment Co. Terms of the acquisition were not released. Additionally, Forsite has leased its 165,000-square-foot facility, which is located at 1224 Isley Road, to Stanley, N.C.-based US Leisure.
GREENVILLE, S.C. — Returnable Packaging Resource Inc. (RPR) has purchased a 25,500-square-foot industrial building in Greenville. The customized packaging company plans to expand into the new facility, which is located at 34 Pelham Davis Circle. Laurens Nicholson of Bentley Commercial represented buyer, Laffler Properties LLC; Cindy See of Joseph Wardlaw Realty represented the seller, Synco LLC., in the transaction. The acquisition price was not disclosed.
FISHERS, IND. — Meritex Enterprises has acquired a three-building, 307,000-square-foot office/warehouse portfolio in Fishers. The Class A, multi-tenant properties range in size from 98,000 to 107,000 square feet. The portfolio is currently 79 percent occupied with seven tenants. RORI Property Holdings sold the asset for an undisclosed price. The properties will be managed by Jill Evans and Melissa Brickner of Meritex. Brian Seitz and Brian Buschuk of Jones Lang LaSalle's Indianapolis office will serve as leasing agents for the properties.