GLENDALE, WIS. — General Plastics Inc. has signed a lease for 7,200 square feet of industrial space in Glendale. The property is located at 6631 and 6633 N. Sidney Place. Brian Parrish, Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company brokered the transaction. The landlord is Glendale Business Center LLC. Terms of the lease were not disclosed.
Industrial
IRVING, TEXAS — KBS Real Estate Investment Trust II has purchased the 400,123-square-foot Dallas Cowboys Distribution Facility from a private seller for an undisclosed price. Located at 2500 Regent Blvd. in Irving, the 1-year-old property is fully occupied by Dallas Cowboys merchandising firms. CB Richard Ellis' Jack Fraker and Josh McArtor represented the seller, and KBS was represented internally.
RICHMOND, VA. — Bigge Crane & Rigging has purchased a 20,000-square-foot warehouse from Speight for $1.7 million. The property is located at 2350 and 2400 Maury St. in Richmond. Bigge will use the property as its new East Coast headquarters. Thalhimer's Franklin Bell brokered the sale.
LAKELAND, FLA. — An undisclosed national bank has sold the 59,102-square-foot Highlands Storage to a private party for $1.25 million in an REO sale. The property is located at 4733 Exploration Ave. in Lakeland. Michael Mele of Marcus & Millichap's Tampa, Fla., office brokered the sale.
MILWAUKEE — Brian Parrish of The Dickman Company has completed two sales totaling 24,330 square feet in Milwaukee. In the first transaction, 13TH4828 LLC acquired a 12,830-square-foot industrial property, which is located at 4828 S. 13th St. in Milwaukee. Hartmann Properties sold the building for $475,000. Parrish represented both parties in the transaction. In the second deal, Parrish represented Seeds of Health in the acquisition of an 11,500-square-foot office building, located at 131-141 S. 1st St. in Milwaukee. The buyer plans to convert the property into a virtual school, which will be ready for occupancy in this fall. JRB VII LLC sold the property for an undisclosed price. Marianne Burish of Siegel-Gallagher represented the seller in the transaction.
SARASOTA, FLA. — MyUS.com has leased 60,000 square feet of warehouse space from Meridian Development Group in the firm's 1 million-square-foot Meridian Distribution Center. The tenant's space at the Sarasota property allows it to occupy 40,000 additional square feet. The move, which is a consolidation of two existing locations, brings 60 new jobs to the county. Ian Black Real Estate's Steve Horn represented MyUS.com. Cushman & Wakefield's Tim Callahan represented the landlord.
ORANGE, CALIF. — Grubb & Ellis has arranged the $22.2 million sale of a 246,732-square-foot headquarters/distribution building located at 2164 N. Batavia St. in Orange. The building features nearly 36,000 square feet of Class A office space and approximately 210,000 square feet of state-of-the-art warehouse space. Grubb & Ellis’ Jeff Read and Greg Osborne represented PPF Orchard Industrial 2164 Batavia LLC in its sale of the office/warehouse property to Frick Family Properties LLC, which was represented by Cresa Partners’ Brian Bennett. FFP LLC, doing business as Paper Mart, purchased the property for its corporate headquarters and the storage/distribution of packaging-supply products.
GRAND PRAIRIE, TEXAS — Consumer Product Services has leased 60,005 square feet of warehouse space from Cobalt Capital Partners in Grand Prairie. The property is located at 1001 Avenue R. Lee & Associates' Conrad Madsen and Greg Nelson represented the tenant. The firm's Donnie Rohde and Mark Graybill represented the landlord.
ONTARIO, CALIF. — CB Richard Ellis has arranged the $10.7 million user sale of a 264,717-square-foot industrial building located at 1251 S. Rockefeller Avenue in Ontario. CBRE’s Walt Chenoweth, Frank Geraci, Juan Gutierrez, Patrick Wood and Will Golden represented the seller, Arrow Electronics, in the transaction. The buyer, Cels Enterprises, will expand from its current 120,000-square-foot building, also in Ontario. The shoe-sales company took advantage of SBA financing that qualified it for extra loan value based on energy-efficiency upgrades at Cels’ previous building.
LARGO, FLA. — Formulated Solutions has acquired a 142,000-square-foot industrial development in Largo from Smith & Nephew United for $8.3 million. The two-building property, which was built in 1988, is located at 11775 Starkey Road. It contains warehouse, office and lab space. John Dunphy of Colliers International represented the seller.