HOUSTON — Global Chemliquidation has leased two freestanding industrial buildings totaling 28,838 square feet in Houston. The buildings sit on 1.8 acres at 198 Hirsch Rd. Clay Pritchett of Holt Lunsford Commercial, Inc. represented the landlord, 1114, Ltd., in the transaction.
INDIANAPOLIS — Chicago-based Pearlmark Real Estate Partners has closed on a $6.5 million mezzanine loan for the 1.1 million-square-foot PepsiCo Distribution Center in Indianapolis. The property is leased to Quaker Sales and Distribution, a division of PepsiCo. Michael Girimonti and Mark Witt of Pearlmark arranged the financing.
IMPERIAL, MO. — Holland Construction Services has completed the $1.8 million renovation and expansion of the 55,647-square-foot H.W. Herrell Distributing Co. warehouse in Imperial. The project involved the rebuild of 11,000 square feet of the facility and the addition of 3,000 square feet of space.
NEWARK, N.J. — Forem Facility Management is developing a $65 million warehouse and distribution facility at 52-62 Cornella St. in Newark for Keasbey, N.J.-based Wakefern Food Corp. The 180,000-square-foot facility is slated to be delivered within 12 months and will serve ShopRite stores in New Jersey, New York and Pennsylvania. The project will bring 120 permanent jobs and approximately 175 construction jobs to Newark. The State Economic Development Agency has provided approval for Urban Transit Hub Credit for $45 million on a $65 million capital expenditure project. TD Bank has provided a leverage loan for approximately $27 million. Also, The Reinvestment Fund has provided a $2 million loan and Newark’s city government has provided a tax abatement. Brick City Development Corp. was involved with structuring the project financings and the entitlement process.
NORTON, MASS. — STAG Industrial, Inc. has acquired an $11 million, 194,975-square-foot warehouse and distribution facility in Norton. The facility is 100 percent leased to Plantation Products with more than 9 years remaining on the lease. The facility sits on 15.7 acres at 202 Washington St.
PHOENIX – Cincinnati Bell, a data center and telecommunications provider, plans to build a 1-million-square-foot data center near Phoenix, according to CFO Gary Wojtaszek, who made the announcement during a company conference call. Wojtaszek mentioned that Cincinnati was already in negotiations for a 40-acre parcel just outside Phoenix. He noted construction would begin in 2012, and that Phase I, which will likely consist of 40,000 square feet, would hopefully come online in 2013.
SUGAR GROVE, ILL. — Schaumburg, Ill.-based Entre Commercial Realty has negotiated the $1.9 million sale of a 40,105-square-foot industrial property, located at 1960 Bucktail Ln. in Sugar Grove, for an undisclosed price. The facility features 3,775 square feet of office space, 28- to 32-foot clear ceilings, an active rail spur and expansion land. Brian Bocci, John Gazzola and Nick Walby with Entre represented Marriott Drywall Materials, the seller, and Jace Murray of St. Charles, Ill.-based Murray Properties represented the buyer, Producers Chemical Co.
OAK CREEK, WIS. — American Tire Distributors has signed a leased for 120,000 square feet of industrial space in a facility currently under construction at 340 Mahn Ct. in Oak Creek. Samuel Dickman, Sr., and Samuel Dickman, Jr., of Milwaukee-based The Dickman Co./CORFAC International represented the tenant in the transaction. The landlord for the property is Mahn Court ATD.
CHEEKTOWAGA, N.Y. — Colliers International has secured $38 million in refinancing for AppleTree Business Park at 2875 Union Rd. in Cheektowaga. AppleTree’s four buildings span 426,950 square feet. Tenants include AT&T Mobility, TimeWarner NY Cable and Empire State College. Goldman Sachs Commercial Mortgage Capital provided the 10-year, fixed rate loan for AmCap, Inc., the borrower. Kevin Phelan and Jeffrey Black of Collier’s Boston office represented AmCap in the transaction.
DALLAS — Lee & Associates has arranged the sale of a 20,250-square-foot industrial building in Dallas. Kurian Holdings has purchased the site located at 10847 Sanden Dr. George Tanghongs and Brett Lewis of Lee & Associates represented the seller, Sanden Box Properties, and Debi Carter of Hudson Peters Commercial represented Kurian.
