PENNSYLVANIA — KBS Real Estate Investment Trust II has purchased a 1.6 million-square-foot Pennsylvania industrial portfolio for $90 million. The portfolio contains four properties located at 325 CenterPoint Blvd. in Pittston, 125 Capital Road in Pittston, 550 Oak Ridge Road in Hazleton and 14-46 Alberigi Dr. in Jessup. The first three buildings are wholly leased to Kimberly-Clark, Grupo Bimbo and Amazon.com, respectively. The final building is fully leased to four tenants. KBS Capital Advisors provided in-house representation to the REIT. Michael Hines and Michael Blunt of the Philadelphia office of CB Richard Ellis represented the undisclosed seller.
POMONA, CALIF. — On behalf of Structural Composites Industries, The Saywitz Co. has negotiated an 11-year, $11 million manufacturing and industrial lease for 173,200 square feet at 336 Enterprise Place in Pomona. Barry Saywitz of the Newport Beach, Calif.-based brokerage firm represented the tenant in the transaction; the seller, TA Realty Associates, was represented by Davis Partners.
BEDFORD HEIGHTS, OHIO — NAI Daus has brokered two lease transactions for a total of 137,400 square feet of office and warehouse space at 5111 Richmond Road in Bedford Heights. Decker Equipment Co., a supplier of used forklifts and lift trucks, has leased 61,500 square feet at the building, while Brand Castle LLC, a producer of cooking and baking kits, leased 75,900 square feet at the property. Todd Gardiner & Associates represented Decker Equipment Co., and Coven-Goldman Associates represented Brand Castle LLC. Robert Wetzel and Scott Garson of NAI Daus represented the landlord, Samson Realty Co., in the transaction. Terms of the leases were not released.
TROY, MICH. — Colliers International has negotiated the sale of an industrial facility in Troy. Located at 2568-2474 Elliot Drive, the property offers 9,600 square feet of industrial space. Peter E. Kepic and Peter J. Kepic of Colliers International represented the seller, 2568 Elliott LLC, in the transaction. The buyer and acquisition price were not released.
HACKENSACK, N.J. — The Hampshire Companies will complete construction this April for a new self-storage facility in Hackensack. Located at 260 Railroad Ave., the facility will contain 81,300 square feet in 600 units. It will be branded as Hampshire Self Storage.
CAPITOL HEIGHTS, MD. — BSV Ritchie Road LLC, an investment-partnership controlled by Broad Street Ventures, has purchased an industrial building in Capitol Heights. Located at 51 Ritchie Road, the 99,000-square-foot building is fully leased by United Sheet Metal Inc. Financing for the $6.6 million acquisition was provided by Eagle Bank. Michael Jacoby, Tom Yockey and Jeff Kelly of Broad Street Ventures lead the transaction.
HOLBROOK, N.Y. — Los Angeles-based UniNet Imaging has signed a lease for 40,300 square feet of industrial space at 721-725 Broadway Ave. in Holbrook. The manufacturer plans to relocate its East Coast distribution center to the new space. It had previously been located in nearby Bohemia. Richard Cohen and Ashley Cohen of Ashlind Properties represented the tenant in lease negotiations. Michael Schefren of Colliers International represented the landlord, Long Island Industrial Management. The tenant will take occupancy in March.
DALLAS — Holliday Fenoglio Fowler (HFF) has arranged $17.7 million financing for a five-property industrial portfolio totaling 667,702 square feet in northern Dallas. HFF worked on behalf of Crow Holdings to secure the fixed-rate loan through MetLife Real Estate Investments. The portfolio consists of multi-tenant office/warehouse and distribution facilities that are 92 percent leased to tenants including Xerox Corp., Freed's Furniture, Bunzl Distribution, Tohatsu America Corp. and All American Flooring. The properties included in the portfolio are 2005 Valley View Ln., 4650-4654 Nall Rd., 4700 Nall Rd., 4720 Simonton Rd. and 4990 Alpha Rd. in Dallas.
IRVING AND DALLAS — Illinois Mutual Life Insurance Co. has sold a 51,951-square-foot office building, located at 8615 Freeport Pkwy. in Irving, to Capital Commercial Investments. Leigh Richter of Bradford Commercial Real Estate Services represented the seller, while Roger Shipp represented Capital Commercial Investments in house. Meanwhile, Foxworth-Galbraith Lumber Co. has sold a two-story, 47,086-square-foot office building, located at 17111 Waterview Pkwy. in Dallas, to Eclipse Electronics Systems. Sharon Friedberg of Bradford Commercial Real Estate Services and Nick Rossini of UGL Services represented the buyer, while Janice Peters of Hudson Peters Commercial represented the seller.
SPARKS, NEV. — Morrissey Realty has presided over the almost $4.5 million sale of a 100,000-square-foot manufacturing facility, located at 650 Lillard Drive in Sparks. The brokerage firm’s Pat Morrissey represented the seller, 650 Lillard Partnership, and James Lowey represented the buyer, Estero Porch LLC.