RICHFIELD, WIS. — Universal Metrics Inc. has purchased a 38,700-square-foot industrial facility, located at 3040 Helsan Dr. in Richfield, Wis. Universal Metrics, a Menomonee Falls, Wis.-based supplier of steel and stainless steel fabrications, will expand its capacity with the new building. Jim Young of Cassidy Turley Barry’s Milwaukee office represented Universal Metrics in the transaction. Anthony Huenerbein and Brian Parrish of The Dickman Co. represented the seller, TVT LLC in the transaction.
Industrial
ROCKAWAY, N.J. — Technology services provider Activu Corp. will relocate its headquarters from Denville, N.J. to the former Edy's Ice Cream distribution facility at 301 Roundhill Dr. in Rockaway. The company signed a 24,000-square-foot lease at the 50,000-square-foot flex facility. Ken Flynn of Jones Lang LaSalle represented Activu in the transaction. Robert Donnelly of Cushman & Wakefield's Morristown, N.J. office represented the landlord.
PLANO — Atlanta-based T5 Data Centers is partnering with Dallas-based Lincoln Property Co. to build the 150,000-square-foot T5@Dallas, a data center located in Legacy In Plano, a master-planned business park, at 5741 Legacy Dr. in Plano. The companies will deliver the property in several phases, with Phase I expected to come on line in June 2012. Lincoln will market the property, where pre-leasing is currently under way.
LEXINGTON, N.C. — Save-A-Lot has opened a new 330,000-square-foot distribution center, located in Lexington Business Center at 133 Lexington Pkwy. in Lexington. Construction on the facility began in January. The new distribution center will help support the company's growth plans in North Carolina as well as surrounding states.
CADILLAC, MICH. — HCI Limited Partnership has purchased two industrial properties leased to FedEx for an undisclosed amount. The portfolio includes a 41,093-square-foot property at 1225 Marty Paul St. in Cadillac and a 75,656-square-foot building at 7783 Chattsworth Rd. in Columbus, Ga. Brandon Brown of T.L. Properties represented HCI in the transaction. CRS Advisors represented the seller, Puget of Texas.
AUSTIN, TEXAS — Austin-based AIC Ventures has acquired two industrial buildings from Northern Stamping Inc. for an undisclosed amount. The buildings include an 85,000-square-foot facility in Valley View, Ohio and a 160,000-square-foot facility in Cuyahoga Heights, Ohio. Concurrent with the purchase, AIC Ventures entered a long-term lease with Northern Stamping, a manufacturer of structural components and welded assemblies for the global automotive market. Greg West of Colliers International represented both parties in the transaction.
HOUSTON — CyrusOne, a subsidiary of Cincinnati Bell, has acquired 175,000 square feet of data center space in Houston from owner and developer Panattoni Development Co. The acquisition includes the LEED-Silver building that CyrusOne currently occupies as well as an adjacent data center under construction. Stan Johnson Co. represented the seller in the transaction, and Dallas-based Lincoln Rackhouse represented the buyer.
NORTH CHARLESTON, S.C. — Englewood, Colo.-based Triton Real Estate Holdings has acquired a 75,000-square-foot warehouse, located at 4100 Carolina Commerce Pkwy. in North Charleston, from KST Holdings for $3.5 million. Milton Thomas of Charleston-based Anchor Commercial/CORFAC International represented the seller in the transaction. Woody Kapp from Daniel Island, S.C.-based Meyer Kapp & Associates represented the buyer.
PEWAUKEE, WIS. — Pentair Residential Filtration, which provides water solutions and technical products, has leased 23,750 square feet of flex space in the Pewaukee Commerce Center II, located at N25W23040 Paul Road in Pewaukee. Jim Larkin and Tom Shephard in the Milwaukee office of Inland Cos. represented landlord the transaction.
CARTERET, N.J. — Prism Capital Partners has acquired a 230,000-square-foot industrial building at 700 Blair Rd. in Carteret for the purpose of relocating Berjé Inc.'s headquarters to the property from its Parkway Lofts site in Bloomfield, N.J. The move represents an expansion from Berjé, a distributor of essential oils and aromatic chemicals, and paves the way for the start of construction for Parkway Lofts, a multifamily adaptive reuse project. Prism purchased the building from BASF Corp. for an undisclosed amount.