EDISON, N.J. — The Goldstein Group has brokered the sale of the former Entenmann's bakery and distribution facility in Edison for $2.77 million. The buyer, Edison Equities LLC, plans to redevelop the site, which is located at 2120 Lincoln Hwy., into a retail strip center. It will lease a portion of the center to Entenmann's for a retail bakery store. The Goldstein Group team of Chuck Lanyard, Lew Finkelstein and C.J. Hutler brokered the deal. The seller was Orograin Bakeries Sales.
SAN LEANDRO, CALIF. — American Packaging Co. has renewed its more than 72,000-square-foot industrial lease in San Leandro for an additional 5 years. Represented by Craig Hagglund of Lee & Associates, the locally based tenant has called the concrete tilt-up warehouse home for the past 7 years. JP Morgan, the landlord, was represented in-house.
NASHVILLE, TENN. — Bernard Financial Group has arranged a $2.9 million loan for the United States Postal Service. The loan is secured by a 217,808-square-foot industrial/warehouse facility in Nashville. The borrower is USP Nashville LLC. Dennis Bernard and Kevin Kovachevich of Bernard Financial Group originated the loan, which was provided by Symetra Life Insurance Co.
MIAMI — Moduslink Corp. has signed a lease for 114,000 square feet of industrial space at Medley Distribution Center, which is located at 11000 N.W. 92nd Terrace in Miami. The 250,000-square-foot, Class A building is located within Flagler Station Business Park. The transaction is a long-term renewal of 57,000 square feet and an expansion of 57,000 square feet. Steve Medwin, Harry Wardell and Nick Wigoda of Jones Lang LaSalle represented the landlord, Chicago-based Columbia Florida 92nd Industrial, in the transaction. Terms of the lease were not released.
CHICAGO — Romualdo Camarena LLC has acquired a distribution facility located at 3355 W. 48th Place in Chicago. The company plans to use the 25,000-square-foot facility to launch its new tequila import distribution business. Mark Nelson and Mike Nelson of NelsonHill represented the buyer; Matt Rogatz of Chicago Industrial Real Estate represented the seller, OK Real Estate Partners, in the transaction. The acquisition price was not disclosed.
LINDEN, N.J. — Cronheim Mortgage has arranged $5 million in permanent financing for two adjacent industrial buildings located in Linden. The buildings total 267,446 square feet and are fully occupied, though none of the current leases extend past 3 years. The loan carries a 10-year term with a 4.95 percent interest rate and a 25-year amortization schedule. The Croheim team of David Turley, Anna Westhoff and Janet Proscia secured the loan on behalf of the undisclosed borrower through an insurance company.
SANTA FE SPRINGS, CALIF. — Cushman & Wakefield has managed a long-term, 240,000-square-foot industrial lease transaction at 11130 Bloomfield Ave. in Santa Fe Springs. Terms of the deal were not disclosed. Cushman & Wakefield’s Britt Casey, Rooney Daschbach and Eric Daschbach represented the tenant, Americana Activewear, in the transaction, and the brokerage firm’s John McMillan, Jeff Sanita and Tim Wallace represented the landlord, Alere Property Group. The infill Class A property features easy expressway access, modern accommodations with 30-foot clear ceilings, ample cross-docked loading capabilities and an office fit-out.
BALTIMORE — Crossroads Eastern Avenue LLC has acquired a two-parcel property totaling 4.48 acres at 6801 Eastern Ave. in Baltimore. The asset includes a 99,841-square-foot rentable warehouse building, located in Baltimore, and an adjacent parking area, which is located in Baltimore County, Md. 6801 Eastern Avenue LLC sold the property for $3.25 million. Owen Rouse Jr., Liz Tarren-Jones and Joe Bradley of Manekin LLC represented the seller in the transaction.
HAM LAKE, MINN. — Winchester, Va.-based American Woodmark Corp. has completed the disposition of an 89,098-square-foot industrial complex, which is located at 16430 Highway 65 N.E. in Ham Lake. Minnesota-based cabinetry manufacturer Fleetwoods acquired the 15.36-acre property for an undisclosed price. Dan Friedner, Jay Chmieleski and Aaron Sillanpa of NAI Welsh represented the seller in the transaction.
LITTLETON, MASS. — Sunny Delight Beverages has sold its Littleton manufacturing facility in a $15 million sale-leaseback deal. The drink maker will lease back the entire 290,000-square-foot plant, which is located at 20 Harvard Road, for a 15-year term. The buyer was a private equity firm. Robert Cronin of Colliers International represented both parties.