CITY OF INDUSTRY, CALIF. — Voit Real Estate Services has negotiated the $5.7 million acquisition of an 85,053-square-foot industrial property located at 900 Ajax Ave. in the City of Industry. Voit’s Mike Boomer, Joe Miller and Stan Kwak represented the buyer, SH Trading Inc., in the transaction, and Lee & Associates’ Anthony Brent represented the seller, 900 Ajax Properties LLC.
MADISON HEIGHTS, MICH. — Investments Real Estate LLC has completed the disposition of a 43,000-square-foot industrial facility in Madison Heights. Located at 29330-29350 Stephenson Highway, the property is the last of the industrial holdings owned by the seller. Michael Grammatico and Garry Rogers of L. Mason Capitani/CORFAC International represented the seller in the transaction. The buyer and acquisition price were not released.
MONROE, OHIO — Appleton Papers has signed 219,648 square feet at Monroe Logistics Center Building A, which is located at 1025 Logistics Way in Monroe. The carbonless, thermal and security paper manufacturer plans to occupy the industrial property in October. The building features skylights, 36-foot clear ceiling heights, 60-foot bays, employee and trailer parking, and ESFR sprinklers. Si Pitstick of Cincinnati Commercial Realtors represented the tenant; Doug Armbruster provided in-house representation for the ownership, IDI. Terms of the lease were not released.
PHILADELPHIA — Binswanger has brokered the sale of a Philadelphia industrial property. The building contains 170,105 square feet of warehouse and distribution space, and it is located at 4518 Tacony St. The buyer was BDDW, and the seller was a subsidiary of Glenn Distributors Corp. Frank Cullen of Binswanger negotiated the transaction. The acquisition price was undisclosed.
JERSEY CITY, N.J. — Greiner-Maltz has arranged the $3.5 million sale of a Jersey City industrial building. The 45,000-square-foot, rail-served distribution facility is located at 107 Industrial Drive. The buyer, Starr Snacks, currently occupies the adjacent property, which it uses as a manufacturing facility. Raymond Musalo of Greiner-Maltz represented the buyer in the deal. William Waxman and Nicholas Nitti of CB Richard Ellis represented the undisclosed seller.
LEXINGTON, N.C. — United Furniture Industries has purchased a 362,595-square-foot Stanley Furniture distribution facility from an undisclosed party for $1.14 million. The property is located at 2 Hackney St. in Lexington. Doug Faris of Binswanger's Charlotte, N.C., office brokered the sale.
MOUNT PLEASANT, WIS. — Racine, Wis.-based Treasures Media Inc. has acquired a 209,166-square-foot manufacturing facility, which is located at 2745 Chicory Road in Mount Pleasant, for an undisclosed price. The wholesale book distributor plans to use the facility to accommodate its expansion. Gerry Norton of Binswanger’s Minneapolis office represented the seller, Paoli, Pa.-based Ametek Inc., in the transaction.
NEW BERLIN, WIS. — 1535 LLC has purchased 16333 West Rodgers Drive in New Berlin. The property offers 56,884 square feet of industrial space. James L. Coffey sold the property for an undisclosed price. Kevin Barry of Cassidy Turley Barry represented the buyer; Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company Inc./CORFAC International represented the seller in the transaction.
SANTA FE SPRINGS, CALIF. — Colliers International has negotiated the 7-year, more than $7 million lease of a 155,484-square-foot industrial building located at 12825 Leffingwell in Santa Fe Springs. Built in 2000, the facility is part of the 5.4 million-square-foot Golden Springs Business Center. Colliers’ Clyde Stauff and Stephen Calhoun represented the landlord, Santa Fe Springs-based Golden Springs Development Co., in the transaction, and Paul Sablock and Greg Matter of Jones Lang La Salle represented the tenant, Michigan-based Alticor/Access Business Group, a third-party manufacturer of consumer goods and subsidiary of Amway Corp.
OAK CREEK, WIS. — CenterPoint Properties Trust has acquired Oakwood Crossings Business Center I, a 139,726-square-foot industrial building located in Oak Creek. The newly constructed property sold for $8.7 million. Designed by Opus Architects & Engineers, the property features 26-foot clean heights, an ESFR sprinkler system, two drive-in doors and 14 fully equipped truck docks. Jed Degnan and Chad Vande Zande provided in-house representation for CenterPoint; Dave Everson provided in-house representation for the seller/developer, Rosemont, Ill.-based Opus North Corp.