ROCK HILL, S.C. — Cleveland-based Weston has sold a 120,000-square-foot warehouse to Guy M. Turner Inc. for $1.8 million. The property is located at 2724 Commerce Drive in Rock Hill's Weston Commerce Center. Piedmont Properties/CORFAC International's Lester Osborn and A. Scott Hensley represented Weston in the transaction. CB Richard Ellis' Frank Larsen and Steve Lowe represented the buyer.
GRAND RAPIDS, MICH. — Colliers International has completed the disposition of 563,262 square feet of commercial space in Grand Rapids. In the first transaction, 3703 Patterson LLC acquired 529,202 square feet of commercial space at 3701 Patterson Ave. in Grand Rapids. Chip Bowling and Bill Bowling of Colliers represented the buyer; Duke Suwyn, Colin Kraay and John Kuiper of Colliers represented the seller, Elston Richards LLC, in the transaction. Terms of the sale were not released. Additionally, 3695-44th Street LLC has purchased a 34,060-square-foot commercial property in Grand Rapids. Tool Ventures International sold the property for an undisclosed price. Matt Abraham of Colliers represented the buyer; Ned Quinn of Gable Ventures represented the seller in the transaction.
PLAINVIEW, N.Y. — Grace Industries has acquired a 17,500-square-foot flex building located at 11 Commercial St. within Plainview Industrial Park in Plainview. The buyer plans to relocate its operations to the building from a leased facility in Whitestone, N.Y. The Newmark Knight Frank team of Scott Berfas, Chuck Tabone and Dan Gazzola represented the seller, 11 Commercial Street LLC. Jack O'Connor, also of Newmark Knight Frank, represented the buyer.
PONTIAC AND ROYAL OAK, MICH. — Colliers International has completed the sale of two industrial properties in Michigan. In the first transaction, Highwood Enterprises sold a 90,315-square-foot industrial facility located at 1500 E. Highwood in Pontiac for an undisclosed price. John Lominack of Colliers International represented the undisclosed buyer; Peter E. Kepic and Peter J. Kepic of Colliers represented the seller. In the second transaction, Lominack and Gary Glotzhober, also of Colliers, represented Granfam Properties in the disposition of 4850 Coolidge Highway, a 107,000-square-foot industrial property in Royal Oak. Additional details of the transaction were not released.
AUSTIN — Medwing,com has leased 29,600 square feet of warehouse space from the co-development team of Lowe Enterprises and McShane Development Co. The space is located in the 72,000-square-foot Tuscany Center 7 in Austin's Tuscany Center at Walnut Creek development. Skyles Baynes Co.'s Chris Skyles represented the tenant in the 6-year lease. Stream Realty's Will Nichols and Daniel Farrar represented the landlords.
SAN BERNARDINO, CALIF. — A joint venture has acquired the 1.4 million-square-foot Cajon Distribution Center located at 7010 and 7140 North Cajon Blvd. in San Bernardino. Terms of the transaction were not disclosed. Built in 2008, the Class A industrial center is a two-building, cross-dock property located on a 63-acre site in Southern California’s Inland Empire market. CB Richard Ellis’ Darla Longo and Peter McWilliams and Jones Lang LaSalle’s Mike McCrary represented the unnamed institutional seller in the transaction. The joint venture consists of San Diego-based Westcore Properties, Aliso Viejo, Calif.-based CT Realty Investors, PCCP LLC and Behringer Harvard.
FOUNTAIN INN, S.C. —SAATI Americas Corp. has purchased a 260,000-square-foot warehouse from Kemet Electronics for an undisclosed amount. Located at 201 Fairview St. Ext. in Fountain Inn, the property will house SAATI's U.S. Composites and Protection division. The company expects to hire 80 employees in the next few years.
GREEN BAY, WIS. — The Milwaukee office of Grandbridge Real Estate Capital has originated and closed a $16.95 million loan for the refinancing of a 633,150-square-foot industrial property in Green Bay. Green Bay Converting Inc. owns and occupies the facility, which features 24,000 square feet of office space. Pat Dempsey and Jeff Schmidt of Grandbridge arranged the financing on behalf of the property owner-occupant. Funding for the transaction was provided by Portland, Maine-based UNUM Group through Kim White. The 13-year term loan was made for 70 percent loan-to-value with a fixed interest rate of 6.70 percent.
MILFORD, MASS. — R.W. Holmes Realty Co. has completed the sale of a 53,400-square-foot industrial facility in Milford for $2.65 million. The building, which is located at 49 Maple St., contains R&D and light manufacturing space. The buyer, Milford LLC, plans to use the building for its operations. Arthur Amadei and John Eysenbach of R.W. Holmes represented the buyer. Jeff Hamilton of CB Richard Ellis / New England represented the undisclosed seller.
TOLLESON, ARIZ. — Cole Real Estate Investments has acquired the 466,694-square-foot Home Depot Distribution Center, located within Tolleson Commerce Park in Tolleson, from USAA Real Estate Co. for $30.4 million. Constructed in 2010, the warehouse/distribution facility is NNN leased with 20 years remaining on the initial lease term. CB Richard Ellis’ Jack Fraker represented the seller in the all-cash transaction; Cole was represented in-house by Boyd Messmann.