SHERMAN, TEXAS — As part of a company-wide reorganization, The J.M. Smucker Co. will close its coffee plant in Sherman. Smucker's $190 million restructuring includes $90 million in non-cash changes. The plan also includes $150 million in capital investment in a new Orrville, Ohio, facility and upgrades to its Ripon, Wis., plant. A fruit spread plant in Memphis, Tenn., and a coffee plant in Kansas City will also be shuttered.
Industrial
HOUSTON — DI Distribution has signed a 7,500-square-foot warehouse lease with BCO North Freeway in Houston. The property is located at 6831 Fulton St. Insite Realty Partners' Steve Hazel represented the landlord in the lease. Darren O'Connor of NAI Houston represented the tenant.
DALLAS — Hilite Industries Automotive has leased 10,915 square feet from Alexander Plastics in Dallas. The industrial property is located at 12013 Denton Drive. Nathan Denton and Hanes Chatham of Lee & Associates represented the tenant. NAI Robert Lynn's James Collins represented the landlord.
RENO, NEV. — Innotrac Corp. has renewed a more than 208,000-square-foot industrial lease at 4910 Longley Lane in Reno. Sue Smith of Argent Commercial Real Estate Services and Scotland Wright of Scotland Wright Associates represented the Duluth, Georgia-based tenant in the transaction, and NAI Alliance’s Paul Perkins, Dave Simonsen and J. Michael Hoeck represented the landlord.
GARDEN GROVE, CALIF. — Colliers International has negotiated the more than $4 million sale of a 50,625-square-foot industrial building, located at 7472 Chapman Ave. in Garden Grove, to Aero Dynamic Machining. Built in 1978, the single-story property is situated within the Garden Grove Industrial Park. Colliers’ Clyde Stauff represented the sellers, private investors David and Faith Grant, in the transaction, and Jackie Nguyen of Union Pacific Realty represented the buyer.
YORBA LINDA, CALIF. — DAUM Commercial Real Estate Services has represented LSPS Properties LLC in its $3 million sale of a 26,334-square-foot industrial building located at 23700 & 23720 Via Del Rio in Yorba Linda. DAUM’s Chris Migliori represented the seller in the transaction, and Associated Commercial Brokers represented the buyer, Wildfun Investments LLC.
DORAL, FLA. — PS Business Parks has completed vertical construction of a 75,000-square-foot warehouse in Doral. The Class A property is located in the Miami International Commerce Center at 8216 NW 14th St. The building is divisible into units ranging from 3,000 square feet to 7,000 square feet.
CHICAGO — Diana’s Bananas, a chocolate-covered frozen bananas producer, has acquired a 30,529-square-foot industrial property, which is located at 2733 W. Harrison St. in Chicago. Tomahawk Packaging sold the property for $1.17 million. Situated on a 38,116-square-foot land parcel, the property features three interior loading docks, one drive-in door, a 6,000-square-foot parking lot, 400 amp power capability, 18-foot clear ceiling height and office space. The buyer plans to build-out the facility with a high-end freezer/cooler system for its manufacturing operations. Michael Nelson and Mark Nelson of Chicago-based Paine/Wetzel•ONCOR International represented the buyer; Nick Saraceno of Camins Tomasz Kritt represented the seller in the transaction.
GRAPEVINE, TEXAS — Honolulu-based A&B Properties has leased 70,000 square feet of space in its Heritage Business Park II building to Insight Merchandising. The property, which is part of the 1.3-million-square-foot Heritage Business Park, is located at 1000 S. Nolen Drive in Grapevine. Michael Spain and Todd Lambeth of Bradford Commercial Real Estate Services represented A&B Properties. Lee & Associates' Ken Wesson and Donnie Rohde represented the tenant.
CARROLLTON, TEXAS — Tenent HealthSystem Medical has renewed its 81,644-square-foot warehouse lease with Acquiport DFWIP in Carrollton. The space is located at 1150 Hayden Drive. Jones Lang LaSalle's Rob Kingsbury and Steve Thelen represented the tenant. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord in the 5-year lease renewal.