MESA, ARIZ. — Colliers International–Greater Phoenix has negotiated the $6.4 million acquisition of approximately 22.65 acres at the northwest corner of West Broadway Road and South Brooks Road in Mesa. The buyer, Crescent Crown Distributing, plans to develop a new 69,230-square-foot corporate headquarters, a 260,696-square-foot distribution facility and a 10,446-square-foot repair shop on the site. Colliers International’s Eric Bell and Mike Ciosek represented the buyer, which ranks as the fifth largest beer wholesaler in the nation. Represented by Randall Blum of locally based REB Ltd., the seller is three entities owned by Craig Berge of Mesa: Broadway Brooks LLC, Mesa Leasing Corp., and Broadway 20 LLC. Crescent Crown expects to break ground on the new facilities in February, with completion slated for 2012.
BURR RIDGE, ILL. — Woodridge, Ill.-based Morgan/Harbour Construction has completed a 32,065-square-foot warehouse expansion for Dik Drug Co. Located at 160 Tower Dr. in Burr Ridge, the expansion includes five exterior docks, one drive-in door and 28-foot clear ceiling heights. Cornerstone Architects provided architectural services and Jacob & Hefner served as civil engineer for the project.
MELROSE PARK, ILL. — Darwin Realty & Development Corp. has completed the sale of an industrial building in Melrose Park. Power Plant Services Corp. purchased the 31,360-square-foot building, which is located at 3201 Soffel Ave., for an undisclosed price. The property features 18-foot ceiling clearance, three interior docks and 4,500 square feet of office space. Daniel Fanelli and Anthony Leeds of Darwin Realty represented the undisclosed seller and buyer in the transaction.
ATTLEBORO, MASS. — the former Kilmartin Industries/Roger Williams Mint has traded for an undisclosed amount. The 128,000-square-foot manufacturing facility is located within Northwest Attleboro Industrial Park at 79 Walton St. in Attleboro. The buyer is a realty company that plans to lease the property to Stergis Window & Doors Manufacturing. David Stubbledine and Donald Hampton of The Stubbledine Company represented the buyer. Gerry Surprenant of MG Commercial represented the undisclosed seller.
DALLAS — Loren Sign Co., a California-based company, has sold an 8,085-square-foot warehouse and distribution center located at 1393 Round Table in west Dallas, between Highway 183 and Interstate 35, to a local user. John Bielamowicz of Henry S. Miller Brokerage's Dallas-Fort Worth office represented Loren Sign Co., while Jackie Carter, an independent licensed sales professional, represented the buyer.
POMPANO BEACH, FLA. — Michael Feingold, owner of Wristband Specialty Products, has acquired the Barr Wholesale Building at 1650 N.W. 33rd St. in Pompano Beach. The 19,095-square-foot industrial facility sold for $1.1 million. Richard Reicher of Uniweb Commercial represented the buyer; Jeffrey Scott of Brenner Real Estate Group represented the seller, Jeff and Lisa Barack of the Barack Family Real Estate Holding Group, in the transaction.
AUBURN HILLS, MICH. — Montaplast of North America has acquired a 24,016-square-foot hi-tech/flex building in Auburn Hills. Servco Inc. sold the property, which is located at 1849 Pond Run, for an undisclosed price. Montaplast is an international company specializing in the production of plastic precision parts and systems for the automobile industry. Mitchell Lipton of Friedman Real Estate Group represented the seller in the transaction.
MONTGOMERY, ILL. — Peoria, Ill.-based General Pump and Machinery has purchased an approximately 10,000-square-foot warehouse building in Montgomery for $585,000. Situated on 2 acres near Route 31, the property features one dock, one drive-in door, 1,800 square feet of office space and 18-foot clear ceiling heights. Brian Dolan of Dolan & Murphy represented the buyer; Steve Chrastka of JCF Real Estate represented the undisclosed seller in the transaction.
PISCATAWAY AND LOPATCONG, N.J. — A joint venture between Boston-based STAG Capital Partners and California-based GI Partners has purchased an industrial portfolio in New Jersey from Captive Realty Co. The two buildings are located at 251 Circle Drive North in Piscataway and 190 Strykers Road in Lopatcong. Both are rail served. They contain approximately 315,500 square feet of manufacturing and distribution space, and are fully leased to Captive Plastics, a subsidiary of Berry Plastics Corp. Jeffrey Dunne, Kevin Walsh and Brian Shultz of CB Richard Ellis' New York Institutional Group partnered with Samuel Buckley of the firm's Saddle Brook, N.J., office to represent the seller. The team also procured the buyer.
LINDEN, N.J. — Two tenants have signed on to take all of the space at 55 Wildcat Way, a newly built, 385,000-square-foot distribution center located in Linden. Asian food distributor JFC International will occupy 203,000 square feet, and third-party logistics provider Horizon Logistics will occupy the remaining 182,000 square feet. Cushman & Wakefield's Stephen Elman partnered with former Cushman brokers Noah Balanoff to represented the landlord, The Morris Companies. The CB Richard Ellis team of Bill Waxman, Mindy Lissner and Masahiro Tanaka represented JFC International, and Chris Hile of Jones Lang LaSalle represented Horizon Logistics.