VANCOUVER, WASH. — NAI Norris, Beggs & Simpson has brokered Spears Real Estate LLC’s $8.275 million purchase of the 108,625-square-foot Quad 205 Business Park in Vancouver. Built in 1983, the four-building Quad 205 complex offers easy access to Interstate 205. The buyers, who are local private investors, were represented by NAI’s Denis O’Neill and Steve Dodds.
HAZLETON, PA. — Grubb & Ellis has brokered a 168,630-square-foot industrial lease at Humboldt Industrial Park in Hazleton. Graham Packaging will occupy space within a 400,260-square-foot distribution building situated at 68 Green Mountain Rd. The facility features 32-foot clear ceiling heights and was constructed in 2006. Steve Bonge, Tim Brogan and Patrick McBride of Grubb & Ellis negotiated the deal between Graham Packaging and the landlord, Higgins Development Partners. Currently, 231,000 square feet remains for lease at the building. It is also available for sale.
HAVRE DE GRACE, MD. — In a joint venture with Baltimore-based MCB Real Estate, The Hampshire Cos. of Morristown, N.J., has purchased a 502,678-square-foot warehouse from The Sun Products Corporation for an undisclosed amount. The property is located at 1900 Clark Rd. in Havre De Grace. Sun Products, the manufacturer of Solo Cups, will remain the sole tenant in the building and plans to expand its space by 110,000 square feet.
MCDONOUGH, GA. — Fortune Group has purchased an 83,070-square-foot industrial building in McDonough from a private seller for an undisclosed price. The property is located at 2517 Highway 42 N. Jerry Buckner of Atlanta-based Buckner & Co. represented the buyer. Brent Weitnauer of CB Richard Ellis’ Atlanta office represented the seller.
ADDISON, ILL. — Ferguson Enterprises has leased 149,522 square feet of flex space at 880 S. Rohlwing Rd. in Addison. The wholesale plumbing supplier plans to take occupancy in January and utilize the property for a sales counter, warehousing and administrative offices. The company will share the 453,100-square-foot building with Brook Electric, a division of Sonopar. Justin Lerner and David Friedland of Newmark Knight Frank Epic, along with John Cash, David Haigh and Irv Malik of NAI Hiffman, represented Ferguson; Jeff Lanaghan provided in-house representation for the ownership, IDI. Terms of the lease were not disclosed.
MOORESTOWN AND CHERRY HILL, N.J. — Colliers Lanard & Axilbund (CLA) has negotiated the sale of a 52,800-square-foot industrial building located in Moorestown for $2.8 million. The building is siauted at 9 Whittendale Drive within the Moorestown Industrial Park. Starlight Productions International purchased the property and plans to use it to expand its operations, currently located in nearby Cherry Hill. Marc Isdaner of CLA represented the seller, First Industrial LP. Paul Wierzel of NAI Mertz represented Starlight. In addition, Isdaner and Ian Richman, also of CLA, represented A.F. Callan & Co. in the sale of an 8,216-square-foot flex building located at 615 Deer Rd. in Cherry Hill to Deli-on-the-Go dba Kosher Mart Foods. The property traded for $550,000.
TEXAS — Chicago-based Harrison Street Real Estate Capital has acquired a nine-property self-storage portfolio located in Texas. The portfolio totals 536,000 square feet and 5,300 units. Five of the properties are located in the Houston area, and the remaining four properties are located in Austin, Dallas, Plano and San Antonio. Harrison Street plans to rebrand each of the facilities as Morningstar Mini-Storage. They will be managed by one of the company's affiliates, Matthews, N.C.-based Morningstar Properties LLC. With this acquisition, Harrison Street increased the size of its self-storage portfolio to 74 properties in 16 states totaling 47,000 units.
ANAHEIM, CALIF. — Voit Real Estate Services has brokered Caldwell Real Estate Holdings LLC’s $3.8 million sale of a 27,796-square-foot industrial building, located at 1260 N. Fee Ana St. in Anaheim, to U.S. Union Tool Inc. Voit’s Mike Vernick and Mike Bouma represented the seller, and Tim Cronin of Lee & Associates represented the 1031-exchange buyer.
NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has brokered the sale of two industrial properties located in Brooklyn's Bushwick neighborhood for $2.9 million. The buildings consist of a 10,000-square-foot warehouse located at 102 Pilling St. and a 10,000-square-foot former food manufacturing facility located at 759 Chauncey St. The buyer, a non-profit organization, plans to convert the Pilling Street property into a medical office building. The property is zoned for an additional two stories and 20,000 square feet. The Chauncey Street property has been put back on the market for sale. Allison Chambers of KDA represented the buyer as well as the seller, Joreland Realty. KDA is also handling the re-sale of the Chauncey Street property.
COCOA, FLA. — Fort Myers, Fla.-based J.L. Wallace will soon break ground on the 53,549-square-foot Water Field Operations Center Warehouse for the City of Cocoa Utilities Division. Located in Cocoa, the facility will be divided into 46,288 square feet of warehouse space and 7,261 square feet of second-floor office space.