HOUSTON — One Todd VHJT LLC has acquired a 21,724-square-foot industrial property located at 11505 Todd St. in Houston. The property features manufacturing and warehouse space, and it also contains crane service and approximately 1 acre of outdoor storage space. The buyer made the purchase as an investment. Kent Willis of Newmark Knight Frank represented the buyer, and Jearald Dyer of Grubb & Ellis represented the undisclosed seller.
COLUMBIA, S.C. — IDI has completed a 465,000-square-foot rapid deployment center for a national retailer in Columbia. The property, located in the Lexington County Industrial Park, is now open for business. The tenant currently is undergoing an upgrade of up to 25 properties in its national supply chain. IDI will construct more than 1.1 million square feet of space nationwide for the retailer in early 2010.
HARFORD COUNTY, MD. — The defense firm Raytheon Co. has signed a 75,000-square-foot lease with St. John Properties for a new building in the Government and Technology Enterprise (GATE) project in Harford County's Aberdeen Proving Ground. The tenant will consolidate 300 workers from two locations into the new space next fall. Raytheon's building is being constructed to LEED Silver standards and will feature sustainable fixtures, low VOC paints and a thermoplastic polyolefin roof.
PLYMOUTH, MICH. — Fedor Enterprises has completed the sale/leaseback of 13,500 square feet of industrial space, which is located at 47808 Galleon Dr. in Plymouth. The property was sold to Ma & Pa Associates for an undisclosed price. Robert Frank of Friedman Real Estate Group represented the seller in the transaction.
CHICAGO — The Los Angeles and Chicago offices of Holliday Fenoglio Fowler (HFF) has secured a $9.9 million loan for the refinancing of 9201 Belmont Avenue, located in Chicago’s Franklin Park area. The fully occupied property offers 536,800 square feet of industrial space. Todd Sugimoto and Kenneth Glomb of HFF arranged the loan on behalf of the borrower, Guggenheim Real Estate. American National Insurance Co. funded the fixed-rate loan.
PITTSBURGH — Strategic Storage Trust (SST) has purchased two Pittsburgh self-storage facilities for a total of $5.7 million. The first property contains 470 units and is located on Landings Drive near the interchange of Interstate 76 and State Route 28. The second property contains 820 units and is located on Lebanon Road near Allegheny County Airport. The seller, Sovran Acquisition LP, was represented by Locke Acquisition Group. Since SST's launch in 2008, the non-traded REIT has acquired 26 self-storage properties in 14 states.
GRAND PRAIRIE, TEXAS — The Dallas office of Grubb & Ellis has completed the sale of a 12,800-square-foot industrial property located at 1701 E. Main St. in Grand Prairie. Gary Lindsey of Grubb & Ellis represented the buyer, Smith Lawler Properties, and the seller, United Rentals Realty. The acquisition price was not disclosed.
FREDERICKSBURG, VA. — CVA Howells has sold a 51,000-square-foot flex warehouse to Blue Onyx Properties and Delmarva Contracting for $7.07 million. The property sits on 9.57 acres of land at 2529 Celebrate Virginia Parkway in Fredericksburg. Virgil Nelson and Berkley Mitchell of Thalhimer represented CVA Howells in the transaction.
WILLOWBROOK, ILL. — Pirrello Digital Imaging has purchased a 49,122-square-foot industrial property, which is located within Madison Business Park at 7350 S. Madison in Willowbrook. The buyer is relocating its corporate headquarters and studio to the new facility. Bill Waliewski of Morgan Realty Partners represented the buyer; Brett Kroner and Traci Buckingham of CB Richard Ellis represented the seller, Lab Source. The acquisition price was not disclosed.
SOUTHFIELD, MICH. — Friedman Real Estate Group has negotiated the sale of 20,973 square feet of industrial space at 21500 W. 8 Mile Road in Southfield. CCPZ Investments acquired the property for an undisclosed price. The buyer plans to use the property for its granite business. Friedman’s Todd Hawley and Paul Feldman represented the seller, LR Properties, in the transaction.