FORT WAYNE, IND. — Towne Investments has acquired a vacant 60,000-square-foot industrial property in Fort Wayne. Additionally, the company has inked a long-term lease for the entire building with Stonhard, a division of RPM International. The property is located in close proximity to the Fort Wayne International Airport along the Interstate 69 Corridor. Towne Investments plans to redevelop the property to accommodate the tenant’s needs. Steve Zacher of The Zacher Company represented the undisclosed seller in the transaction. The acquisition price was not released. Towne Investments is the trade name under which Zilber Ltd. markets its commercial investment portfolio.
HOUSTON — Overseas Trading Inc. has signed a 66,000-square-foot lease renewal with the Tuffli Cos. for warehouse space in Houston. The property is located at 1800 South St. NAI Houston's Brad Marnitz represented the tenant. B. Kelley Parker, III, John Littman and Coe Parker of Cushman & Wakefield of Texas represented the landlord.
BOSTON — Boston-based Eaglebridge Capital has arranged $7.45 million in construction and permanent financing for three new industrial buildings under construction in Massachusetts. The first project is the new 20,000-square-foot headquarters for Tool Technology, which is located within Riverview Industrial Park in Middleton. The second project is a 20,000-square-foot distribution facility located within Campanelli Business Park in Middleborough. The third project is a 31,000-square-foot distribution facility located within Westover Air Park in Chicopee. Eaglebridge’s Ted Sidel and Brian Sheehan arranged the loans through three different regional banks.
SUNNYVALE, CALIF. — Cassidy Turley BT Commercial has brokered the nearly $3.23 million acquisition of an R&D building in Sunnyvale. The single-story, freestanding facility is fully leased to a biotech company. Cassidy Turley’s Andy Bogardus represented the buyer in the transaction.
EAST SPENCER, N.C. — Boral Composites will develop a manufacturing facility in East Spencer adjacent to its existing brick manufacturing warehouse. The property, which will be designed to achieve LEED certification, will house 25 workers. At the site, Boral will produce a line of exterior building products made from recycled materials.
CARSON, CALIF. — Watson Land Co. has leased a 190,000-square-foot industrial property, located at 21750 Arnold Center Road within the Watson Corporate Center in Carson, to Huffy Corp. With the 4-year, $5.8 million lease, the large bicycle company has reserved its new West Coast distribution center, which includes 31 dock-high positions. Jones Lang LaSalle’s Barry Hill represented Huffy in the transaction; Watson was represented in-house by Lance Ryan and Mike Bodlovich.
FONTANA, CALIF. — Union Developmental Financial has purchased the 90,439-square-foot First Choice Self Storage facility, located at 14750 Foothill Blvd. in Fontana, for almost $5.1 million. NAI Capital’s Stephen Grossman was the sole broker presiding over the transaction. The facility features 663 self-storage units and 84 covered RV parking spaces.
Quick Shopping has signed a 28,818-square-foot industrial lease with AMB-HTD Beacon Centre LLC for space in the 2.3-million-square-foot Beacon Centre. The property, which is now 99 percent leased, is located at 8323 NW 12 Street in Doral. Flagler Real Estate Services' Michael Torna represented the tenant in the $2.5 million lease. The firm's George Pino and Jason Tresslar represented the landlord.
PLEASANT PRAIRIE, WIS. — Rolfs Baking Co. has acquired a 56,642-square-foot industrial manufacturing building, which is located at 10100 88th Ave. within LakeView Corporate Park East in Pleasant Prairie. Built in 1995, the property features men’s and women’s locker rooms, buss ducts and air-lines throughout, and 12,730 square feet of office space. The acquisition was not released, but the property’s asking price was $3.7 million. Theresa Gleason of Paine/Wetzel represented the buyer; Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented the seller, IFA III 88th Avenue LLC, in the transaction.
HOUSTON — Arch-Con Construction has finished work on the 96,630-square-foot GET Industrial Warehouse in Houston. The property is located on West Sam Houston Parkway North. The building, which features 20-foot clear height, consists of 84,460 square feet of warehouse space and 11,900 square feet of office space.