SAGINAW, TEXAS — Cadence McShane Construction Co. will soon start construction on the 185,221-square-foot CTI Foods headquarters at 504 Sansom Blvd. in Saginaw. The property will encompass 23,968 square feet of office space and a 104,226-square-foot production area. The firm is also building 57,027 square feet of refrigerated storage. Pross Design Group provided architectural services for the project.
ANAHEIM, CALIF. — Ashwill Associates has negotiated Advantage Mailing Inc.’s nearly $11.2 million acquisition of a 154,225-square-foot industrial property located at 1600 N. Kraemer Blvd. in Anaheim. Ashwill’s Steve Brackmann and Shaun Kearney represented the buyer in the transaction, and CB Richard Ellis’ Ben Seybold, Ian Britton, Rick McGeagh and Darren Kim represented the seller, Crossroads Investors LP.
GILROY, CALIF. — Libitzky Property Cos. has purchased a 125,000-square-foot warehouse and manufacturing facility, located at 8190 Murray Ave. in Gilroy, for $5.5 million. Lee & Associates’ Drew Fischer and Jesse Lucas represented the buyer in the sale-leaseback transaction, and Marcella Harrison of GVA Whitney represented the seller, Angelica Corp.
MARIETTA, S.C. — Sage Automotive Interiors will invest $10 million in its Gayley plant in Marietta during the next 5 years. The expansion initiative will include adding 80 new employees to the plant, which currently houses 200 workers. Sage creates parts for Chrysler, Jeep, Dodge and Hyundai. The Greenville Area Development Corporation assisted in the initiative. Physical improvements are ongoing, and the company may start hiring by the end of the year.
BEDFORD PARK, ILL. — GRM has acquired a 300,000-square-foot industrial property, which is located at 7123 W. 65th St. in Bedford Park. The facility sold for $8.15 million. GRM, an information management services provider, plans to use the property to accommodate its growing presence in the Chicago market. Jeanne Rogers of Arthur J. Rogers & Co. represented the buyer; Mitch Adam and Mike Caprille of CB Richard Ellis represented the undisclosed seller in the transaction.
WILLIAMSTOWN, VT. — Redstone has completed the sale of he former Lacillade Lumber site in Williamstown for $690,000. Located on 35.3 acres at 258 Meadow St., the property consists of three buildings totaling 53,666 square feet. Peter Yee and Ross Montgomery of Redstone represented the seller, Lacillade Lumber Co., and procured the buyer, Osprey Holdings LLC/Poulin Lumber Inc.
CITY OF INDUSTRY, CALIF. — Lee & Associates has negotiated Sun Hing Foods’ almost $10 million purchase of an 111,794-square-foot industrial property located at 14841 Don Julian Road in the City of Industry. Constructed in 2002, the distribution facility includes 12,104 square feet of modern office space and 21 dock-high truck-loading positions. Lee’s Adam Dzierzynski and Dennis Keane represented the buyer, a food wholesaler and distributor, in the transaction, and Colliers International’s Patrick Remolacio represented the seller, Bechler Corp.
BRIDGEWATER, N.J. — Coldwell Banker Commercial | Feist & Feist has brokered the sale of a flex warehouse property in Bridgewater for $2.7 million. The property totals 24,000 square feet and is situated on approximately 4 acres at 125 Foothills Road. Peter Wisniewski of Feist & Feist was the sole broker in the deal between seller Peterson Industries and the undisclosed buyer.
SCHERTZ, TEXAS — Sysco Corp. has purchased 50 acres of land from San Antonio One L.P. in order to build a 635,000-square-foot distribution facility. The land is located on Schwab Road in Schertz. Sysco will consolidate two existing facilities in San Antonio and Round Rock into the new property, which is expected to be operational by this summer. Houston Commercial Real Estate's Bill McDade represented Sysco in the transaction. Kit Corbin of Grubb & Ellis represented the seller.
CORPUS CHRISTI, TEXAS — Corpus Christi-based Beecroft Construction will break ground next month on a 150,000-square-foot facility in Corpus Christi for L&F Distributors. The property will be located on State Highway 44 between Clarkwood and Bockholt roads. L&F Distributors' new space will be twice as big as its current Corpus Christi location; the company will employ 175 workers in the new building. St. Louis-based S.M. Wilson and Co. is also helping oversee the project. NAI Cravey Real Estate Services brokered the original land sale.
