HOUSTON — Cadence McShane Construction Co. has completed a build-to-suit industrial property for XL Parts, a direct-to-the-installer parts supplier, at 15701 Northwest Freeway in Houston. Phase I of the project included the reconstruction and build-out of a 12,017-square-foot shell office space within XL Parts' existing 187,620-square-foot industrial center. Phase II then encompassed the construction of a 101,650-square-foot build-to-suit industrial building. XL Parts' inventory exceeds 120,000 part numbers incorporating 175 product lines.
LOS ANGELES — NorthMarq Capital has arranged $21 million in first mortgage financing for a 354,809-square-foot industrial building with special improvements located 1444 Alameda Street in downtown Los Angeles. Financing was based on a 7-year term and a 25-year amortization schedule, and was arranged for the borrower by NorthMarq’s Michael Elmore through the company’s correspondent relationship with The Prudential Insurance Co. of America.
BEDFORD PARK, ILL. — M. Block & Sons, a provider of end-to-end supply chain solutions, has leased a 341,144-square-foot industrial facility in Bedford Park. Located at 6755 W. 65th St., the property features 2,500 square feet of office space, 30-foot clear ceiling heights, 141 parking spaces with 50 trailer spaces, 36 exterior docks and three drive-in doors. Missner Construction is completing work and tenant improvements to the property, which is owned by Principal Real Estate Investors. Jeff Locascio of Newmark Knight Frank represented the tenant; Larry Much, Steve Connolly and Kelly Disser of NAI Hiffman's Industrial Services Group represented the landlord, Principal Real Estate Investors, in the transaction. Terms of the lease were not released.
BELLEVILLE, ILL. — Swansea, Ill.-based Holland Construction Services has completed the construction of an addition at ROHO Group's manufacturing facility in Belleville. The 12,000-square-foot expansion offers storage space and two receiving docks. Collinsville, Ill.-based Oates & Associates Engineering and Architecture and Belleville-based Design Six provided architectural and design services for the project.
GLENDALE, WIS. — Glendale Business Center LLC has signed 16,200 square feet of industrial/office space to Prototype Composites LLC. The space is located at 6675-6681 N. Sidney Place in Glendale. Brian Parrish of The Dickman Company represented the landlord; Brett Garceau and Curt Pitzen of NAI MLG Commercial represented the tenant in the transaction. Terms of the lease were not disclosed.
HALTOM CITY — USA Eagle Carports has acquired a 74,800-square-foot industrial building at 5700 E. Belknap St. in Haltom City, and leased 20,000 square feet back to the seller, Stevens Technology. Bradford Commercial Real Estate Services negotiated the sale of the industrial property, which is situated on 1.56 acres of land.
SANTA ANA, CALIF. — Rexford Industrial LLC has acquired the 101,187-square-foot Grand Commerce Center, a multi-tenant industrial complex located at 600 South Grand Ave. in Santa Ana, from Shook Properties for $7.8 million. The six-building, 80 percent-leased property is the first purchase for the newly formed Rexford Industrial Fund V REIT. Sperry Van Ness’ Frank Kosi represented both the buyer and the seller in the lender-mandated, short-sale transaction.
CITY OF INDUSTRY, CALIF. — Lee & Associates has negotiated the $4.7 million sale of a 37,719-square-foot office/industrial warehouse located at 18130 E. Rowland Street in City of Industry. Lee & Associates’ Patrick Bogan and Steve Coulter represented DBDK LLC, owner of the Elegant Footwear shoe brand, in the transaction; and the brokerage firm’s Chris Bonney represented the sellers, Cu Family Trust and the Lau Family trust.
CHELMSFORD, MASS. — CB Richard Ellis (CBRE)/New England has brokered the sale of a warehouse property located in Chelmsford for $2.75 million. The building is situated at 9 Alpha Road. It was constructed in 1966 and renovated in 1984. It features three 30,000-square-foot warehouse sections with 18-foot ceiling heights and loading docks. The remaining square footage is office space that contains offices, workrooms, meeting rooms, kitchenettes, bathrooms and a planning room. Mark Reardon and David Connolly of CBRE New England represented the seller, MassInnovation. The buyer was the Town of Chelmsford.
MILLBURY, MASS. — Boston-based EagleBridge Capital has arranged $3.47 million in permanent acquisition financing for a 31,340-square-foot industrial property in Millbury. The warehouse/distribution center is located on 5.8 acres at 10 Latti Farm Road. It features 26-foot ceiling heights and 19 loading docks. The borrower/buyer, Campanelli Cos., plans to redevelop the property by adding 10 loading docks and 10 parking space. The parking lot will also be resurfaced. Ted Sidel and Brian Sheehan of EagleBridge arranged the financing on behalf of Campanelli through a commercial bank. Peter Brown provided in-house representation to Campanelli in the acquisition, while the undisclosed seller was represented by Jason Madden and Michael Chapin of The Madden Group.