MADISON, WIS. — US Oil Co. has leased 121,000 square feet of warehouse/distribution space in Madison. Located at 4722 Helgesen Dr., the upgraded and renovated high-bay warehouse is situated in close proximity to the Beltline Highway and interstates 90 and 94. Chase Brieman of CB Richard Ellis represented the lessor, True North Investments, in the transaction. Terms of the transaction were not disclosed.
DETROIT — Fuji Property LLC has purchased 9,945 square feet of industrial space at 1515-1527 Division St. in Detroit. C and M Young LTD sold the property for an undisclosed price. Fuji Property is affiliated with Fuji Japanese Buffet in Madison Heights, Mich., and plans to use the building for warehouse space. Robert Frank of Friedman Real Estate Group represented the seller in the transaction. The sales price was not disclosed.
WARREN, N.J. — The Hampshire Companies has acquired Somerset Technology Center from Archon Group. The two-building, 129,000-square-foot complex is situated on 15.7 acres at 150 Mount Bethel Road in Warren. Prior to the sale, Archon had received approvals to redevelop and expand the site up to 172,000 square feet, but Hampshire's future plans for the property were not disclosed. Cushman & Wakefield's Metropolitan Area Capital Markets Group arranged the deal. The team's members include David Bernhaut, Andrew Merin, Gary Gabriel and Robert Donnelly, Jr.
FRASER, MICH. — Clinton Township, Mich.-based Complete Prototype Systems has purchased 18,000 square feet of space at 33710 Riviera in Fraser. The company is expanding its presence to accommodate the recent increase in automotive production. This site is the company’s fourth location. Joe DePonio and Jason Capitani of L. Mason Capitani CORFAC International represented the undisclosed seller in the transaction. Terms of the transaction were not released.
HAUPPAUGE, N.Y. — LNK International has acquired a 93,000-square-foot industrial building located at 55 Arkay Drive in Hauppauge for approximately $8 million. The vacant facility was formerly leased to Corwood Laboratories, which ceased business in December following a Chapter 7 bankruptcy filing. LNK plans to use the building to expand its manufacturing and warehousing operations. The property features 40,000 square feet of air-conditioned manufacturing space, 3,000 square feet of office space, ceiling heights that range from 20 to 40 feet and five loading docks. Richard Cohen of Ashlind Properties represented LNK as well as the seller, Lori-Lynn Realty LLC, which is affiliated with Corwood.
PEARLAND, TEXAS — Brask Inc., Neela is constructing a new fabrication facility on 9.45 acres within Pearland's Industrial Park in Pearland. The facility will feature welding, machining and assembly departments as well as a clean room for high-alloy welding. Completion is slated for the third quarter of 2011. Brask received a package of property tax abatements, job creation grants and bond financing to help fund the project. The estimated cost of the project is $6 million.
GRAND PRAIRIE, TEXAS — National Distribution Centers (NDC) has renewed its lease for 242,980 square feet of warehouse space at Regency I in Grand Prairie. The now-fully leased building contains 406,110 square feet and is located at 1029 Post & Paddock Road. As part of the new lease, the building's landlord, Teachers State Retirement Systems of Ohio, will install new levelers on four of NDC's 27 dock doors. Spain Santaularia and Kevin Santalauria of Bradford Commercial Real Estate Services represented the landlord in lease negotiations. Jean Russo of Cushman & Wakefield of Texas represented the tenant.
CARSON, CALIF. — MV Transportation Inc. has a 10-year lease for a 5.5-acre site at 21222 S. Wilmington Ave. in Carson. The lease is valued at $5.5 million. MV Transportation plans to use the property, which includes a 22,000-square-foot maintenance and office building and a 5-acre secured, lit and paved yard, to service the Los Angeles Metropolitan Transit Authority contract for the South Los Angeles region beginning in October. Newport Beach, Calif.-based Hager Pacific Properties and SoCal Industrial Partners own the property. Frank Hillebrand and John Lassiter of Lee & Associates represented Hager Pacific in the transaction; Jeff Smart, Kyle Degener and the Reitz-Biondi-Kim team of Grubb & Ellis represented MV Transportation.
HAZELWOOD, MO. — St. Louis-based Luxco, a producer, bottler, importer and marketer of beverage alcohol products, has inked a deal to lease space at Park 370, a 450-acre industrial park located in Hazelwood. The company will occupy 213,558 square feet of distribution space at 1619 Park 370 Blvd. Luxco plans to relocate a portion of its warehousing operations to the new facility from its main production facility, which is located at 5050 Kemper Ave. in southwest St. Louis. The company is expected to take occupancy in July. Chicago-based HSA Commercial Real Estate developed 1619 Park 370 Boulevard and a 340,000-square-foot distribution center on an adjacent lot following its acquisition of a 30-acre vacant site from TRiSTAR Properties in 2001.
DALLAS — Future Foam has leased 100,000 square feet of warehouse space from CRP-2 Ambassador LP in Dallas. The property is located at 8611 Ambassador Row. CB Richard Ellis' Corbin Crews represented the landlord.