BUFFALO GROVE, ILL. — J&T Enterprise has acquired a 34,216-square-foot industrial property located at 1225 Busch Parkway in Buffalo Grove. Situated on 3.12 acres, the Class B property features three interior loading docks and 16-foot ceiling heights. Bill Novelli, Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented the buyer; Terry O'Hara and Paul Tesdal of Lee & Associates represented the seller, 1225 Busch Parkway, in the transaction.
HEBRON, KY. — ProLogis has signed a third-party logistics provider to its ProLogis Park 275 property in Hebron. The company will lease 70,000 square feet at Building Four, which is approximately 10 miles south of Cincinnati. The tenant signed a third-quarter lease for 30,000 square feet, followed by a fourth-quarter lease of 40,000 square feet. Additional terms of the transaction were not released.
YAPHANK, N.Y. — Global Tissue Group has signed a lease for a 232,135-square-foot industrial facility located at 19 Nicholas Drive in Yaphank. The manufacturer already occupied the adjacent building as its headquarters and manufacturing plant. The new building is situated on 29 acres and was formerly occupied by Estee Lauder subsidiary Whitman Packaging, which vacated at the end of last year. The building contains 22-foot ceilings, 19 loading docks and 795 parking spaces. Richard Cohen and Ashley Cohen of Ashlind Properties represented the tenant in lease negotiations. The landlord, Melville, N.Y.-based Rechler Equities, provided in-house representation.
HOLLISTON, MASS. — Fresno, Calif.-based Electronics Recyclers International (ERI) has signed a 5-year lease for 100,000 square feet at 89 Cross St. in Holliston. The industrial space, formerly an Avery Dennison distribution facility, will be used by the company as recycling space to serve its New England customer base. The NAI Hunneman team of Cathy Minnerly, Mike DiGiano, David Gilkie, Michael McCarthy and Neil Sogard represented ERI in lease negotiations. Chris Tosti of CB Richard Ellis represented the landlord, Dennison Manufacturing Co.
GRAND PRAIRIE — Evolution Packaging, a fulfillment and packaging services company, has signed a 51,200-square-foot lease in the Trinity West Business Park located at 2450 and 2550 114th St. in Grand Prairie. The 140,900-square-foot industrial park offers close proximity to DFW International Airport and access to State Highway 360. Mark Hull and Brett Heinen of Henry S. Miller Brokerage represented Evolution Packaging, while Jim Ferris and Michael Spain of Bradford Co. represented the landlord.
ALSIP, ILL. — FutureMark Paper Co. has renewed its lease at 13040 S. Pulaski in Alsip. The environmentally-friendly paper manufacturer leases 81,468 square feet of industrial space at the property. Ryan Hanley and Chris Gary of Darwin Realty & Development Corp. represented the tenant in the transaction. The landlord is Australia-based Mirvac Property Trust. Terms of the transaction were not released.
CRANSTON, R.I. — Fantini & Gorga has arranged $2.37 million in permanent financing for a flex property located in Cranston. The property, a 53,570-square-foot flex industrial building, is situated on 3.96 acres at 28 Kenney Drive. The borrower was NEREEF Cranston LLP, which is an affiliate of Calare Properties. The lender was an undisclosed insurance company.
ARLINGTON — Assured Self Storage has acquired 4.49 acres of land at the northeast corner of U.S. Highway 287 and Turner Warnell Road in Arlington for the construction of a third Assured Self Storage in Arlington. Shawn Valk of Assured Realty represented the self storage company in the acquisition, and Pete Richardson and Andrew Richardson of Henry S. Miller Brokerage represented the seller, Bill Rose of Rose Investments. It will be Assured Self Storage's 23rd location in the Dallas-Fort Worth metroplex.
NORTH WILKESBORO, N.C. — Colliers International has brokered the sale of an industrial property in North Wilkesboro. Shepard Real Estate purchased the 376,000-square-foot industrial building, located at 1101 D St., for an undisclosed price. Brent Beshears of Colliers International represented the buyer and the seller, La-Z-Boy, in the transaction.
BRANCHBURG, N.J. — CB Richard Ellis (CBRE) has arranged a long-term lease for 78,343 square feet of industrial space at 47 Readington Road in Branchburg. The tenant for the single-story warehouse is Branchburg Sports Complex, which plans to create an indoor sports facility that will include an indoor lacrosse field and batting cages. Thomas Monahan and Stacey Weinberg, both of CBRE, represented the tenant as well as the landlord, The Hampshire Companies.