Industrial

CMB WIRELESS BUYS INDUSTRIAL BUILDING FOR $11 MILLION

by admin January 26, 2010

FARMINGDALE, N.Y. — Bohemia, N.Y.-based CMB Wireless Group has purchased a 149,300-square-foot industrial building located in Farmingdale for more than $11 million. Situated at 40 Daniel St., the building features 22-foot clear ceiling heights, four drive-in doors, 12 loading docks, 36,500 square feet of office space and roof-mounted solar panels that provide electricity to the building. Richard Cohen of Hauppauge, N.Y.-based Ashlind Properties represented CMB. Bill Greiner of Greiner-Maltz Co. represented the seller, Daniel Realty Associates.

January 26, 2010

MARCUS & MILLICHAP BROKERS SALE OF FEDEX FREIGHT FACILITY

by admin January 26, 2010

SUNNYVALE, TEXAS — Marcus & Millichap has brokered the sale of a 136,751-square-foot FedEx freight facility located in Sunnyvale. The industrial property is situated on more than 30 acres at 301 Clay Road. It features 11,761 square feet of office space, 9,640 square feet of shop space, a guard shack, a 2,000-square-foot fuel island and expansion capability up to 20,860 square feet. Alvin Mansour of Marcus & Millichap's San Diego office represented the seller, a Washington-based developer. Ben Sgambati and Alan Cafiero of Marcus & Millichap's New Jersey office represented the buyer, a New York-based investor. Will Jarnagin of Marcus & Millichap's Dallas office provided local representation.

January 26, 2010

Industrial Midwest

C&H DISTRIBUTORS RELOCATES TO PLEASANT PRAIRIE, WIS.

by admin January 25, 2010

PLEASANT PRAIRIE, WIS. — C&H Distributors has signed a lease to occupy 320,000 square feet of space at LakeView XII, which is located within LakeView Corporate Park in Pleasant Prairie. The company is relocating its operations from Milwaukee. The facility features 50 truck-loading docks, four drive-in overhead doors, 32-foot clear-ceiling heights and ample truck parking spaces. Trent Poole of CB Richard Ellis represented the tenant; Whit Heitman and Samuel Badger of Paine/Wetzel•ONCOR International represented the landlord, CenterPoint Properties. Additional terms of the lease were not disclosed.

January 25, 2010

Industrial Northeast

IDI COMPLETES 1.35 MILLION-SQUARE-FOOT INDUSTRIAL LEASE

by admin January 22, 2010

SOUTH BRUNSWICK, N.J. — IDI has completed a lease for Middlesex I, a 1.35 million-square-foot industrial center located in South Brunswick. The building will be leased by an undisclosed tenant, which plans to use it as a regional distribution center and will take occupancy in June. The property contains 36-foot clear ceiling heights, 279 dock doors, 167 trailer spaces and an ESFR sprinkler system. Frank Petkunas of IDI provided in-house representation for the developer, with assistance from Paul Torosian and Nate Demetsky of Cushman & Wakefield. Middlesex I is the first building to be completed at the Middlesex Center industrial park.

January 22, 2010

Industrial Midwest

106,000-SQUARE-FOOT INDUSTRIAL SPACE LEASED IN MINNEAPOLIS MARKET

by admin January 21, 2010

SHAKOPEE, MINN. — NFI Distribution has signed a lease for 106,000 square feet of industrial space at Continental Distribution Center, which is located at 4701 Industrial Blvd. South in Shakopee. The tenant will use the property to serve its customers in the region. The landlord is First Industrial Realty Trust. Jeff Pryztarski of CB Richard Ellis and Brian Netz and Bill Ritter of NAI Welsh Cos. negotiated the transactions. Lease details were not released.

January 21, 2010

Industrial Southeast

RALEIGH WAREHOUSE TRADES FOR $3.12 MILLION

by admin January 20, 2010

RALEIGH, N.C. — Raleigh-based Nallapiti Properties has purchased a 56,700-square-foot warehouse from Timeberlake Investments for $3.12 million. The property is located at 501 S. New Hope Church Road in Raleigh. Commercial Associates' Hunt Wyche represented Nallapiti in the transaction. Colin Brown of Brown Commercial Realty represented the seller.

January 20, 2010

Industrial Northeast

BROOKLYN INDUSTRIAL BUILDING SELLS

by admin January 20, 2010

NEW YORK CITY — New York City-based Terra CRG has brokered the sale of a five-story, 24,000-square-foot, loft industrial building located in Brooklyn, New York City. The property is situated at 25-27 Lexington Ave. within the borough's Clinton Hill neighborhood. The buyer, 802 LLC, plans to initially use the vacant property for an import/export business, with the possibility of converting to mixed-use or residential use in the future. The building's seller, ABP Realty LLC, had preliminary plans to convert the building into 24 apartments. The acquisition price was not disclosed.

January 20, 2010

Industrial Southeast

100,800 SQUARE FEET LEASED IN ORLANDO

by admin January 19, 2010

ORLANDO, FLA. — Velocity Acquisition I has signed a 100,800-square-foot warehouse lease with RREEF in Orlando. The space is located at 3019 Mercy Drive. Mohr Partners' Trent Smith represented the tenant. Tom McFadden and William Bradford of Orlando-based Southern Commercial Real Estate Advisors represented the landlord.

January 19, 2010

Industrial Southeast

FIRM LEASES 103,350-SQUARE-FOOT SAVANNAH WAREHOUSE

by admin January 18, 2010

SAVANNAH, GA. — Kerry Ingredients and Flavours has signed a lease for a 103,350-square-foot warehouse owned by Congress Street Investors. Located at 217 Bourne Blvd. in Savannah, the property is in the Savannah Port Authority Industrial Park. Reese and Co.'s John Reese represented the landlord in the transaction.

January 18, 2010

Industrial Midwest

INDUSTRIAL PROPERTY TRADES HANDS IN ILLINOIS

by admin January 18, 2010

SOUTH BELOIT, ILL. — McCleary Inc. Trans Astro Division has acquired a 30,000-square-foot industrial property, located at 15760 Willowbrook Road in South Beloit. Highland Realty sold the property for an undisclosed price. Coldwell Banker Commercial McGuire Mears & Associates’ William Mears and Barry Badertscher represented the seller in the transaction.

January 18, 2010

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