RENO, NEV. — Sierra Western Properties LLC has purchased an approximately 66,240-square-foot industrial property located at 305 Western Road in Reno. NAI Alliance’s Paul Perkins, Dave Simonsen, J. Michael Hoeck and Dan Oster represented Standard Motor Products, the seller of the stand-alone building.
Industrial
PLANO — Telect has signed a 100,000-square-foot lease with KTR DAL I for warehouse space in Plano. The property is located at 1801 10th St. CB Richard Ellis' Scott Hobbs and Jeff Ellerman represented the tenant.
CHESAPEAKE, VA. — First Potomac Realty Trust has leased 141,500 square feet of industrial space to Total Transportation Services in the 712,894-square-foot Diamond Hill Distribution Center. The property is located on Diamond Hill Road in Chesapeake. Total transportation is relocating from a 44,900-square-foot space.
ROMEOVILLE, ILL. — Midwest Air Technologies, an affiliate of MAT Holdings Inc., has acquired 821 Bluff Road in Romeoville. Land and Lakes Development sold the 506,777-square-foot industrial building for an undisclosed price. Completed in 2009, the facility is situated on 28.54 acres and offers 80 exterior docks and 32-foot ceiling heights. Midwest Air Technologies plans to take occupancy of the building this fall. Keith Puritz and Brett Kroner of CB Richard Ellis represented the buyer; Lynn Reich and Jeffrey Kapcheck of Colliers International represented the seller, Land and Lakes Development, in the transaction. US Asia Group served as a consultant for Midwest Air Technologies.
EMPORIA, KAN. — Griffin Capital Corp., on behalf of The GC Net Lease REIT, which is sponsored by Griffin Capital, has acquired a 320,800-square-foot manufacturing property in Emporia. Situated on a 16.6-acre site, the property site can accommodate an additional 107,000-square-foot expansion. The property is currently home to Hopkins Manufacturing Corp.’s national headquarters office, domestic production plant and principal distribution facility. Hopkins is a manufacturer and distributor of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarkets, including automotive winter care products, fluid handling, storage and amp organization and auto cleaning accessories. Terms of the acquisition were not released.
WHITE PLAINS, N.Y. — NAI Friedland has brokered the sale of a White Plains industrial building for $3 million. The single-story, 63,000-square-foot property is located at 179 Westmoreland Ave. The buyer, Westy's Self Storage, plans to demolish the building and construct a new self-storage facility. Andy Grossman of NAI Friedland represented Westy's as well as the seller, Westmoreland LLC.
LONDONBERRY, N.H. — Tinkham Realty has brokered the trade of two development sites in Londonberry. The buyer in both deals was Concord, N.H.-based Pillsbury Realty Development. The first site totals 9 acres and is located at 2 Ash St. It is zoned for industrial development. The second site totals 38 acres and is located at 34 Hovey Road. It is currently zoned for agricultural/residential use, but Pillsbury plans to develop it in conjunction with the first site. The combined purchase price for the two sites is approximately $2.1 million. Judy Tinkham of Tinkham Realty represented Pillsbury and procured the sellers, both of which were family partnerships.
NEW YORK CITY — Hudson Realty Capital has secured $2.8 million in first-mortgage financing for an 8.9-acre industrial park located in Staten Island. The loan will be used to assist in the acquisition of the property's existing first mortgage. The property contains five three-story warehouse buildings totaling 165,150 square feet. The borrower and lender were not disclosed.
HOUSTON — Christopher Hunter of Marcus & Millichap has represented a limited liability company in the purchase of a Houston distribution warehouse from a private party for an undisclosed amount. The 36,675-square-foot property is located at 1210 Shotwell St. The building includes 1,500 square feet of office space.
SANTA FE SPRINGS, CALIF. — Colliers International has negotiated Cerritos, Calif.-based GHI Group LLC’s more than $3.45 million acquisition of a 32,006-square-foot industrial building, located at 13021 Arctic Circle in Santa Fe Springs. Constructed in 2004, the property features dock-high and ground-level loading and a 24-foot clear height. Colliers’ Chris Sheehan and Adam Deierling represented the buyer, a manufacturer of computer components, in the transaction; and VOIT Real Estate Services’ Dan Berkenfield represented the private-investor seller, Dodson LTD.