KNOXVILLE, TENN. — Los Angeles-based NatKnox has acquired the 37,210-square-foot former Keebler Cookie Distribution Center in Knoxville. Located at 427 Park Village Road, the property offers desirable ceiling heights, multiple loading docks and modern efficient office space. The buyer plans to use the property for warehousing, distribution, and commercial and office requirements along with its existing property at Cedar Bluff Road and Interstate 40/75. Bob Thornton of Baker Realty Co. brokered the sale. The acquisition price was not released.
WAUKESHA, WIS. — FJF Investments I LLC has acquired a 14,000-square-foot industrial property in Waukesha. The property is situated on 2.65 acres at 1505 Arcadian Ave. Albert Kropp Revocable Trust sold the property for an undisclosed price. Adam Matson of NAI MLG Commercial represented the buyer; Brian Parrish of The Dickman Company/CORFAC International represented the seller in the transaction.
BELLWOOD, ILL. — AGD Limestone and Steel Company has purchased a 40,000-square-foot land parcel in Bellwood. The industrial site is located at 2209 Railroad Ave. The buyer plans to use the site for material storage. Trinity Scurto of Brown Commercial represented the buyer; Daniel Fanelli and Anthony Leeds of Darwin Realty & Development Corp. represented the undisclosed seller in the transaction. The sales price was not released.
PASADENA — East Belt Business Park, a four-building, 350,000-square-foot, Class A warehouse and distribution center, is completely leased. The development was constructed in two phases and completed in 2008 near the Port of Houston along the East Sam Houston Parkway South in Pasadena. Trammell Crow Co. and Morgan Stanley Prime Property Fund own the property. Faron Wiley of CB Richard Ellis assisted Trammell Crow in the following deals to complete its lease ups: Wrist USA for 68,833 square feet in Building 4; Doerle Food Service for 44,800 square feet in Building 2; Axion Logistics for 14,265 square feet in Building 1; and Airgas Southwest for 4,880 square feet in Building 1.
MESA, ARIZ. — CB Richard Ellis has negotiated Alpine Valley Bread Co.’s $3 million acquisition of a 61,157-square-foot industrial building located at 300 W. Southern Ave. in Mesa. The manufacturer and distributor of natural and whole-grain bakery products will expand from its current 17,000-square-foot operations when it occupies the new building in early 2011. CBRE’s Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy represented the buyer, in the transaction, and Diamond Pacific Investments’ Rick Mineweaser represented the seller, Paradise Valley, Ariz.-based Ol-Lonely Enterprises.
EDWARDSVILLE, MO. — Scott Credit Union has purchased a 15.10-acre land parcel at the southeast corner of Illinois Route 143 and Staunton Road in Edwardsville. Florists’ Mutual Insurance Co. dba Hortica sold the property, which is located within Edwardsville Corporate Centre, for $1.39 million or $2.13 per square foot. BarberMurphy Group represented the buyer; Rudy Stinnett, Paul Nagel and Andrew Bagy of Grubb & Ellis|Gundaker Commercial represented the seller in the transaction.
WALLINGFORD, CONN. — Servpro has acquired an 11,780-square-foot industrial building located at 1254 Broad St. in Wallingford for an undisclosed amount. The company will relocate to the new facility from a property in nearby Meriden. Peter Shiue of the New Haven, Conn., office of Colliers Dow & Condon was the sole broker in the deal. The seller's name was not released.
MEMPHIS, TENN. — US Industrial REIT III, an affiliate of USAA Real Estate Company, has acquired two Class A bulk industrial facilities in southeast Memphis. The 1.37 million-square-foot portfolio includes the 829,464-square-foot 6100 East Holmes Road facility, which is occupied by Flextronics Logistics USA and MVP Group International, and the 540,000-square-foot 6000 Freeport Avenue building, which is occupied by Memphis-based Creative Co-Op Inc. Located within Chickasaw Distribution Center, the facilities feature ESFR sprinklers and retrofitted T-5 lighting. Terms of the transaction were not disclosed.
COLUMBIA, S.C. — A private investor has purchased a 48,0750-square-foot industrial building, which is located at 161 Windhill Dr. within the Ponderosa Industrial Park in Columbia. The property sold for $2.45 million. Current tenants include Safelite Auto Glass, Sherwin Williams and Parts Plus. Chuck Salley, Dave Mathews and JP Scurry of Colliers International brokered the transaction. The seller was not released.
MINNEAPOLIS — Minnesota-based KleinBank has chosen LFC Group of Companies to auction off its more than 80 REO properties located throughout the Minneapolis and St. Paul metro region. The properties, which range from residential lots in Northfield and Shakopee to large commercial buildings in Minneapolis, have a combined suggested value of more than $10 million. The online auction is believed to be the first of its kind in the Twin Cities area. Assets up for bidding include Washington Place, a large industrial/office warehouse in Minneapolis with a minimum bid of $499,000; a 2,200-square-foot retail/office facility in the Union Park area of St. Paul with a minimum bid of $39,000; 1,536-square-foot office condominiums within North Meadow Office Complex in Chaska; and a historic office building in downtown Shakopee. The online auction is currently under way with a scheduled bid deadline of September 30, 2010.