HOUSTON — United Refrigeration has renewed its lease for 10,330 square feet of warehouse space with Cobalt Industrial REIT II. The property is located at 7801 N. Shepherd Drive in Houston. NAI Houston's Jon Michael represented the landlord. Peyton Indermuehle and Jerry Lumbreras of Indermuehle & Co. represented the tenant.
ST. PETERSBURG, FLA. — DDC Logistic Services has purchased a 131,800-square-foot warehouse from Hunter Douglas Fabrication for $7.15 million. The property is located at 3001 Gateway Centre Parkway in St. Petersburg. Vector Commercial Real Estate Services' Ned Willis represented the buyer. Paula Smith of Osprey Real Estate Services represented Hunter Douglas Fabrication.
LAKE IN THE HILLS, ILL. — Omega Industries, an international importer and distributor of steel cable products, has relocated its Northwest Chicago distribution center to Lake in the Hills. The company will occupy a 9,000-square-foot industrial facility at 9180 Trinity Dr. John O’Hara and Lucas Condill of RE/MAX Commercial Real Estate Services represented Omega; Don Wolf and Lisa Horton of Crystal Lake, Ill.-based Wolf Realty represented the landlord in the lease transaction. Additional details of the transaction were not disclosed.
CENTRAL ISLIP, N.Y. — Hauppauge, N.Y.-based Ashlind Properties has brokered the sale of a 248,000-square-foot distribution center located in Central Islip. The buyer, Raymour & Flannigan, had previously leased the property, located at 111 Windsor Place, and exercised its option to purchase it. Amenities of the building include 40-foot clear ceiling heights, 40 loading docks, a racking system and 11,000 square feet of office space. Richard Cohen of Ashlind represented both sides in the transaction, with assistance provided by Ashlind's Michael Landsman. The seller was Islip U-slip LLC. The acquisition price was not disclosed, but the original purchase option in the lease was in excess of $21 million.
LEOMINSTER, MASS. — Marcus & Millichap has negotiated the sale of Leominster Business Center in Leominster for $2.02 million. The property is situated at 34 Central St.; it consists of the 1,017-unit Easy In Self Storage as well as 68,000 square feet of multi-tenant office and commercial space. Harvey Miller and Mike Mele of Marcus & Millichap's Self Storage Group, along with Robert Horvath and Todd Tremblay of the firm's Boston office, represented the seller, Phillip Rahaim of Leominster Business Center Inc., at the property's bankruptcy auction. Mele and Miller also procured the buyer, Sanford, Maine-based Arenhall Corp.
DENVER — Bank of the West has sold a 43,000-square-foot industrial building, located at 5055 E. 48th Ave. in Denver, to Premier RE Holdings for an undisclosed price. Grubb & Ellis’ Steve Poole and Steve Fletcher and Acquire Real Estate’s Paige Coker-Heiman represented the seller in the transaction, and Doug Viseur of CB Richard Ellis represented the buyer.
CAROL STREAM, ILL. — Ryland Corp. has acquired a 35,664-square-foot industrial property in Carol Stream for an undisclosed price. Kamflex sold the property, which offers 7,650 square feet of office space and 18- to 20-foot clear ceiling heights. Hank Teague and Larry Schlomann of Thomson Referral Network represented the buyer; Joe Bronson and Richard Daly of Darwin Realty & Development Corp. represented the seller in the transaction. The acquisition price was not disclosed.
ELK GROVE VILLAGE, ILL. — Temperature Services has purchased a 12,200-square-foot manufacturing/warehouse facility in Elk Grove Village for an undisclosed price. Located at 360 Bonnie Lane, the property features 5,000 square feet of office space and 15-foot clear ceiling heights. Richard Daly of Darwin Realty & Development Corp. represented the undisclosed seller in the transaction.
HOUSTON — Ozburn Hessey Logistics has signed a 75,000 square-foot lease with Panattoni Development Co. for space in its 486,720-square-foot Airtex Industrial Center. The property is located at 14810 North Freeway in Houston. Ryan Fuselier and John Talhelm of Jones Lang LaSalle represented the tenant. Panattoni was represented by Walker Barnett and Gary Mabray of Colliers International. Barnett and Mabray also represented Panattoni in its 54,000-square-foot lease to Velocity Express. Stephen Hemphill of Dallas-based Mohr Partners represented Velocity.
TOOELE COUNTY, UTAH — USAA Real Estate Co. has sold the 574,106-square-foot Reckitt Benckiser Distribution Center in Tooele County to American Realty Capital (ARC) for an undisclosed price. Located in Phase One of Miller Motorsports Business Park, a 900-acre newly developed industrial and commercial-use site only a short commute from Salt Lake City, the warehouse facility was occupied by Reckitt Benckiser in October 2009. USAA and co-developer Greenfield Builders Inc. acquired 37 acres of land in Tooele County in April 2009 for development of the distribution center. John Sedar of the Sacramento-based Palmer Team represented USAA in the sale to ARC, a New York-based real estate advisory firm.