IRVINE, CALIF. — DAUM Commercial Real Estate Services has represented BMD Investment Group LLC in its more than $2.75 million disposition of a 25,185-square-foot industrial building located at 15 Chrysler in Irvine. DAUM’s Chris Migliori represented the seller in the transaction, and CB Richard Ellis’ Gregg Haley represented the buyer.
BROADVIEW, ILL. — Jallo Equipment Co. has acquired a 9,080-square-foot industrial building in Broadview. Located at 3029 S. 26th Ave., the property features 18-foot ceiling clearance, 1,795 square feet of office space and two grade-level doors. Jallo Equipment plans to relocate to the facility. Daniel Fanelli of Darwin Realty & Development Corp. represented the buyer; Dan Chopp of Chopp Commercial Properties represented the undisclosed seller. Terms of the sale were not disclosed.
TOTOWA, N.J. — Terreno Realty Corp. has acquired a 208,000-square-foot industrial building in Totowa from High Street Equity Advisors for $16.5 million. Located at 200 Maltese Drive, the property contains light manufacturing, warehouse and distribution, and office space. It is fully leased to Precision Custom Coatings, which uses the facility for its production and distribution operations as well as its headquarters. The Cushman & Wakefield team of Gary Gabriel, Paul Torosian, Andrew Merin and David Bernhaut arranged the deal.
GENEVA, N.Y. — Hair care manufacturer Zotos International has broken ground for a $7 million wind energy project at its Geneva manufacturing plant. At full operation, the facility's two turbines are expected to generate 3.3 megaWatts of energy. Approximately 30 percent of the project cost was funded by the American Recovery and Reinvestment Act. Zotos plans to power its 670,000-square-foot facility completely with renewable energy by 2011. The wind energy project will be complete by the end of the year.
PHOENIX — NAI Horizon has negotiated the $4.6 million sale of a 45,199-square-foot industrial building located at 3433 E. Wood Street in Phoenix. NAI Horizon‘s Matt McDougall and Jeff Adams represented the seller, DKS Properties LLC, in the transaction; Commercial Properties Inc.’s Adam Hansen and Fred Buck represented the buyer, Soncell North America.
WEST BLOOMFIELD TOWNSHIP, MICH. — Southfield, Mich.-based Bernard Financial Group has arranged a $1.9 million loan for the West Bloomfield Tech Center, which is located in West Bloomfield Township. Built in 1988, the three-building property offers 81,184 square feet of single-story flex industrial/office space. Kevin Kovachevich of Bernard Financial Group originated the loan.
BROCKTON, MASS. — NorthEast Electrical Distributors (NEED) has completed its relocation to a new 190,000-square-foot facility at Brockton. The new property, which is located on Oak Street, contains more than 160,000 square feet of warehouse space, a training center and a cafeteria. The company relocated its headquarters and distribution center to the new building from Canton, Mass. The project manager was Newton, Mass.-based Diversified Project Management. The general contractor was Dacon Corp., and the project architect was Maugel Architects.
SUGAR LAND — The Sugar Land City Council has approved a tax abatement with Accredo Packaging and API Realty on new real property improvements and personal property for a 171,000-square-foot expansion to Accredo Packaging's manufacturing facility in the Sugar Land Business Park. Designed for LEED Silver certification, the expansion will add more than $9 million in real property, $22 million in personal property, $1 million in new inventory value and 100 jobs to the community. Accredo Packaging manufactures and supplies sustainable, flexible packaging to the pre-packaged foods and consumer products markets in North America.
GRAND PRAIRIE — Bank of America has sold a 103,584-square-foot industrial building, located at 2895 113th St. in Grand Prairie, to Wilkerson Properties for an undisclosed amount. Mark Graybill and Donnie Rhode of Lee & Associates represented the seller, while Michael Stanzel of NAI Robert Lynn represented the buyer.
HOUSTON — Kevin Burkhalter of Johnson Capital's Los Angeles office, along with Jason Pumpelly of the firm's Dallas office, has arranged $14 million in permanent financing secured by two 100-percent-leased industrial warehouse and distribution buildings in Houston. The terms of the 12-year loan, arranged on behalf of the property owner, a privately held entity, included 3 years of interest only payments followed by a 30-year amortization schedule at a fixed rate for the remaining term.