MT. PROSPECT, ILL. — Brennan Investment Group has acquired a 217,000-square-foot industrial facility in Mt. Prospect. Situated on 8 acres at 1900-2000 S. Carboy Road, the two-building property is partially leased. An affiliate of Principal Global Investors sold the property for an undisclosed price. Grubb & Ellis provided representation for the seller. Brennan has engaged CB Richard Ellis to market and lease the remaining space in the facility.
FARMERS BRANCH, TEXAS — Furniture company Weir's Furniture Village has acquired a 416,000-square-foot industrial property in the Dallas suburb of Farmers Branch that will serve as its new headquarters. The building is located on 16.11 acres at 4800 Spring Valley Road. It will house Weir's headquarters offices, distribution center and retail outlet store. The company will be relocating its current distribution center, which is located near the interchange of Stemmons Freeway and Mockingbird Lane in Dallas, to the new building. Tom Pearson and Chris Teesdale of Colliers International represented Weir's in the deal. Steve Berger and Dave Anderson of CB Richard Ellis represented the seller, Worldcolor, which was also the building's former occupant.
FONTANA, CALIF. — Lee & Associates has negotiated Allied West Paper Corp.’s 10-year, $20.5 million lease of the Midway Distribution Center, a 611,968-square-foot industrial property located at 11101 Etiwanda Ave. in Fontana. Lee & Associates’ Jeff Smith and Jeff Huberman represented the tenant in the transaction. Beginning a phased occupancy on Dec. 15, Allied West also has plans to add 100,000 square feet of manufacturing space and 15,000 square feet of office space to the 4-year old building, which will be used as the company’s corporate headquarters.
RIVERWOODS, ILL. — Podolsky Northstar CORFAC International has brokered the disposition of Southpoint I, a 100,415-square-foot industrial property located in Tinley Crossings Corporate Center in Riverwoods. KVH Industries acquired the property, which is located at 8400 W. 185th St., from Jefferson Pilot Investments, a subsidiary of Lincoln Financial Group. Built in 1998, the property features 28-foot clear ceilings, 17 exterior docks, two drive-in-doors, an ESFR sprinklers and parking for 112 cars. Adam Tarantur and Randy Podolsky of Podolsky Northstar represented Jefferson Pilot; Larry Johnson of CB Richard Ellis represented KVH in the transaction. Dan Minor of Vorys, Sater Seymour & Pease LLP provided legal services for the seller, while Jay Gitles of Seyfarth Shaw provided legal services for the buyer.
CHICAGO — ProLogis has signed a third-quarter lease agreement for approximately 105,000 square feet of industrial space in Chicago. A third-party logistics company will occupy the space at ProLogis Park O'Hare Building One, a 258,000-square-foot distribution facility in Chicago. Terms of the lease were not released.
IRVINE, CALIF. — DAUM Commercial Real Estate Services has represented BMD Investment Group LLC in its more than $2.75 million disposition of a 25,185-square-foot industrial building located at 15 Chrysler in Irvine. DAUM’s Chris Migliori represented the seller in the transaction, and CB Richard Ellis’ Gregg Haley represented the buyer.
BROADVIEW, ILL. — Jallo Equipment Co. has acquired a 9,080-square-foot industrial building in Broadview. Located at 3029 S. 26th Ave., the property features 18-foot ceiling clearance, 1,795 square feet of office space and two grade-level doors. Jallo Equipment plans to relocate to the facility. Daniel Fanelli of Darwin Realty & Development Corp. represented the buyer; Dan Chopp of Chopp Commercial Properties represented the undisclosed seller. Terms of the sale were not disclosed.
TOTOWA, N.J. — Terreno Realty Corp. has acquired a 208,000-square-foot industrial building in Totowa from High Street Equity Advisors for $16.5 million. Located at 200 Maltese Drive, the property contains light manufacturing, warehouse and distribution, and office space. It is fully leased to Precision Custom Coatings, which uses the facility for its production and distribution operations as well as its headquarters. The Cushman & Wakefield team of Gary Gabriel, Paul Torosian, Andrew Merin and David Bernhaut arranged the deal.
GENEVA, N.Y. — Hair care manufacturer Zotos International has broken ground for a $7 million wind energy project at its Geneva manufacturing plant. At full operation, the facility's two turbines are expected to generate 3.3 megaWatts of energy. Approximately 30 percent of the project cost was funded by the American Recovery and Reinvestment Act. Zotos plans to power its 670,000-square-foot facility completely with renewable energy by 2011. The wind energy project will be complete by the end of the year.
PHOENIX — NAI Horizon has negotiated the $4.6 million sale of a 45,199-square-foot industrial building located at 3433 E. Wood Street in Phoenix. NAI Horizon‘s Matt McDougall and Jeff Adams represented the seller, DKS Properties LLC, in the transaction; Commercial Properties Inc.’s Adam Hansen and Fred Buck represented the buyer, Soncell North America.