CLIFTON, N.J. — Conshohocken, Pa.-based Seagis Property Group has acquired a 361,000-square-foot warehouse/distribution facility located in the Meadowlands submarket of Clifton. The property was constructed in 2002 and is fully occupied. The seller's name was not released.
ORLANDO, FLA. — Denver-based DCT Industrial Trust has acquired a 50,000-square-foot, Class A distribution center in Orlando for $3 million. The building is 100 percent leased to a single tenant. John Frederick with Orlando-based Realty Capital represented the seller. The buyer was not represented.
FORT LAUDERDALE, FLA. — Indiana-based United Investment Group purchased a 24,000-square-foot warehouse in Fort Lauderdale for $2.12 million. The building contains 5,000 square feet of high-end office space and outside storage. There is also a cell tower on the property. The buyer was represented by Koreena Rivers of Fort Lauderdale-based Morris Southeast Group/CORFAC International. The seller, Gra-Mar Realty, was represented by Bruce Nathanson of Keyes Realty's Plantation, Fla., office.
JESSUP, MD. — A 42,000-square-foot industrial and warehouse building, located at 10621 Riggs Hill Rd. in Jessup, has sold for $2.8 million. Jasper Engines and Transmissions purchased the 3.2-acre building, which offers 20 foot ceilings, four loading docks and approximately 2,000 square feet of mezzanine storage space. Allan Riorda of NAI KNLB's Ellicott City, Md., office represented the buyer. The seller, the estate of Kenneth Marshall, was represented by Jonathan Green and Chris Kubler of NAI KNLB's Ellicott City office.
PHILADELPHIA — Construction is complete for the new headquarters and distribution center for Penn Jersey. The 255,336-square-foot building is located on 30 acres at 9355 Blue Grass Road in Philadelphia. A joint venture between Dermody Partners and Great Point Investors developed the project as a build-to-suit for Penn Jersey, which is leasing it for a 15-year term. The building has been submitted for LEED-Silver certification. Blue Rock Construction was the project's general contractor. The CB Richard Ellis team of Steve Marzullo, Patrick Green and Michael Mullen represent Penn Jersey in the lease arrangement.
GREENCASTLE, IND. — Crown Equipment Corp. has selected Browning Construction to construct the company's facility expansion in Greencastle. The $7 million project will include 136,110 square feet of warehouse space and 9,686 square feet of office space. Completion is scheduled for the fall.
CARLSTADT, N.J. — Total Office Planning Services has signed a sublease for 113,000 square feet of warehouse space at 333 Starke Road in Carlstadt. The company is relocating its operations from Long Island City, Queens. Stephen Elman and Robert Adams of Cushman & Wakefield's East Rutherford, N.J., office partnered with Frank Caccavo of the firm's Edison, N.J., office to represent both parties in the deal. The sublessor's name was not released.
COLTON, CALIF. — NAI Capital has arranged the $4.15 million purchase of a 290,047-square-foot industrial property located at 311 W. Citrus Ave. in Colton. The seller, Splash Properties LLC, leased back 110,000 square feet of the property for its stone-fabrication business. NAI Capital’s Nicholas Chang, Richard Lee and Francisco Camacho represented the undisclosed buyer, which will use the larger portion of the property for a food-processing facility, in the transaction. Lee & Associates represented the seller.
GLENDALE, WIS. — Weyco Group has selected the Milwaukee office of Opus Development Corp. to construct a 52,000-square-foot expansion at the company's headquarters in Glendale. The mezzanine expansion will provide additional space to accommodate the company's continued growth and expansion. Weyco, a shoe manufacturer, recently acquired The Combs Companies, the owner of Bogs and Rafters footwear brands. Completion is scheduled for July.
DEVENS, MASS. — Supply chain solutions company NFI has signed a lease for 125,000 square feet of industrial space within Devens Industrial Park in Devens. The landlord is CrossHarbor Capital Partners. The space, which is located within a 401,000-square-foot warehouse at 66 Saratoga Blvd., will be used as a distribution center. John Lashar, John Wilson, Paul Leone and James Lipscomb of Richards Barry Joyce & Partners represented the landlord in lease negotiations.