VERNON, CALIF. — Voit Real Estate Services has negotiated Intimo’s $3 million acquisition of a 44,460-square-foot warehouse, located at 3251 Leonis Blvd. in Vernon. The garment manufacturing company creates branded products carried in approximately 1,500 department and specialty stores worldwide. Voit’s Brian McLoughlin and David Fults represented the buyer in the transaction, and Peter Bacci of Lee & Associates represented the seller, Fortune Fashions.
HAGERSTOWN, MD. — Denver-based Industrial Income Trust has purchased an 824,298-square-foot Class A warehouse and distribution facility in Hagerstown. Located at 16500 Hunters Green Parkway, the property is 100 percent occupied by The Home Depot. Built in 2000, the property features 42-foot ceiling heights and docks on all four sides of the facility. Boston-based New Boston Fund sold the property for an undisclosed price. Bo Cashman, Jonathan Beard, Michael Hines and Michael Blunt of CB Richard Ellis represented the seller in the transaction.
LITHIA SPRINGS, GA. — KTR Capital Partners has acquired two warehouse facilities in Lithia Springs. Located with the Westford Business Park at 1500 and 1575 Distribution Court, the facilities, which total 321,400 square feet, feature 24- and 26-foot clear ceiling heights, 44 exterior docks and three ramp-in doors. KTR plans to upgrade and reposition the properties. Terms of the acquisition were not released.
LAKE ZURICH, ILL. — Parkview Acquisitions has completed the disposition of a high-end manufacturing building in Lake Zurich. The 136,715-square-foot property is situated on 8.5 acres at 1275 Ensell Road. The asking price was $6.95 million. JBS Lake Zurich acquired the property. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented the seller; Paul Cawthon and Angelo Labriola of Sperry Van Ness represented the buyer in the transaction.
O'FALLON, MO. — Pinkerton Properties has purchased a 61,120-square-foot industrial building. The property is located at 801 and 823 Texas Court in O'Fallon. Louisville Realty Corp. sold the property for an undisclosed price. William Barnes of Coldwell Banker Commercial represented the buyer; Gateway Commercial represented the seller in the transaction.
ST. LOUIS — Executive Express, a parcel delivery company, has leased 95,000 square feet of industrial space at 5485 Brown Ave. in St. Louis. The 148,000-square-foot facility features 35 dock doors and 25 trailer spots. Gary Parker, Dan Merlo and Dan Dokovic of Principal Commercial Real Estate Co. represented the landlord, Panattoni Development Co., in the transaction. Terms of the lease were not released.
ALCOA, TENN. — Second Harvest Food Bank of East Tennessee has acquired a 77,540-square-foot office, showroom and distribution center property in Alcoa. Walker Supply Company sold the property, which is located at 136 Torijack Landing Dr., for $4 million. Maribel Koella and Brian Tapp of NAI Knoxville represented the buyer; Mike Price and Jerry Holloway of Oliver Smith Realty represented the seller in the transaction.
HARRISBURG, PA. — Marcus & Millichap has completed the sale of a 36,303-square-foot flex property in Harrisburg for $2.21 million. The Class B property comprises two office/warehouse buildings occupied by JST Manufacturing Co. and R.E. Michael Co. The deal equates to a 10.86 percent capitalization rate. The Marcus & Millichap team of Derrick Dougherty, Jeffrey Algatt and Benjamin Appel represented the seller, Natale Realty Co., and procured the buyer, a limited liability company formed by two investors based out of northern New Jersey and New York City.
RUTHERFORD, N.J. — NAI James E. Hanson has brokered the sale of a 22,100-square-foot flex property in Rutherford. Situated on 1.36 acres at 255 Highland Cross, the property contains three loading docks and 48 car parking spaces. Tenants at the fully leased property include Siegfried's Basment and Columbia Filters. NAI's Scott Perkins represented the seller, PGK Holding Corp., and Brian Scheuer of Chaus Realty represented the buyer, Sitex Group.
REDONDO BEACH, CALIF. — KTR Capital Partners has acquired a vacant 111,000-square-foot corporate headquarters/industrial building, located at 3690 Redondo Beach Blvd., from Baron Real Estate. Terms of the deal were not disclosed. Harvey Beesen, Luke Staubitz and Andrew Dilfer of The Klabin Co./CORFAC brokered the transaction. The buyer plans to substantially upgrade the concrete tilt-up building, which features two-story office space, abundant truck-high loading, two drive-in doors and more than 150 parking spaces.