ORLANDO, FLA. — McKesson Medical-Surgical has renewed its lease with Orlando Warehouse Portfolio for the 216,478-square-foot warehouse at 401 Gills Drive in Orlando. The deal will keep McKesson in the property for the next 36 months. Erik Schwetje of CB Richard Ellis' Orlando office represented the landlord. The firm's Ray Romano represented the tenant.
HUMBLE, TEXAS — NAI Houston has brokered the acquisition of an 18,180-square-foot industrial building located at 8541 N. Sam Houston Parkway in Humble. Chris Caudill and Joel Michael of NAI represented the buyer, Electro Technical Industries. Howard Sims of Workplace Solutions represented the seller, Carrier Air Systems. In addition, Electro Technical Industries purchased 3.65 acres of land at the corner of East North Belt and North Park drives, also in Humble. Caudill and Michael also represented Electro in this transaction. Ryan Wasaff and Brad Berry of GSL represented the seller, GSL Constructors.
ST. PETERSBURG, FLA. — Upper Saddle River, N.J.-based Hunter Douglas Fabrication Co. has sold a 131,800-square-foot warehouse to Oettinger Davidoff Group for $7.15 million. The buyer will use the property, which is located on 5.5 acres at 3001 Gateway Center Parkway in St. Petersburg, as its new U.S. headquarters. Paula Clair Smith of St. Petersburg-based Osprey Real Estate Services represented the seller.
ATTLEBORO, MASS. — Framingham, Mass.-based Parsons Commercial Group has arranged the sale of a 202,683-square-foot industrial building located in Attleboro for $12.5 million. The property was built in 1979 and is located at 505 Collins St. It has undergone a recent expansion and contains 18 loading docks, two drive-in doors and 18-foot clear ceiling heights. Victor Galvani of Parsons represented the buyer, a private investor satisfying a 1033 exchange. Peter Joseph of Eastdil Secured represented the seller, AMB Property Corp.
BOSTON, MASS. — Wells Fargo has provided $51.41 million in permanent, non-recourse financing for a 17-property, 1.8 million-square-foot industrial portfolio recently acquired by Cabot Properties. Doug Novitch and Kimberly Dail of Wells Fargo's Boston office originated the loan. March Bechard and Justin Harvey provided in-house representation on behalf of Cabot. Terms of the loan were not disclosed.
COPLAY, PA. — NAI Summit has arranged the acquisition of a 10,500-square-foot flex industrial building located in Coplay for $650,000. The building, which is located at 3241 Levans Road, will be used by the buyer, Loikits Industrial Services, as the second location for its HVAC and refrigeration repair operations. Its first location is in Whitehall, Pa. Jay Haines of NAI Summit represented the buyer. The seller was undisclosed.
HARTLAND, WIS. — CCR Acquisitions has signed a lease with Myra Properties for a 21,172-square-foot building formerly occupied by Badger Wholesale. The property, located at 520 Progress Drive in Hartland, will be used as a silk screening and distribution facility. James Young of Colliers Barry brokered the lease.
CHELMSFORD, MASS. — Jones Lang LaSalle (JLL) has completed the sale of an 84,000-square-foot industrial flex building located at 10 Industrial Ave. in Chelmsford. The single-story building is leased to the U.S. Department of Veterans Affairs, which recently expanded to occupy the entire building. JLL's Scott Jamieson, Michael Smith and Rob Borden represented the seller, New Boston Fund, and procured the buyer, RAM Management Co. The acquisition price was not disclosed.
BREINIGSVILLE, PA. — CB Richard Ellis Capital Markets (CBRE) has arranged $4.3 million in permanent financing for the acquisition of Allentown Crossings III, an approximately 119,900-square-foot industrial building located in Breinigsville. Situated on 17 acres, the Class A facility features 28-foot clear ceiling heights, 12 loading docks and 10 trailer stalls. It is leased on a long-term basis to Olympus Corporation of the Americas. Mike Riccio and Christine Kubas of CBRE's Hartford, Conn., office secured the loan, which carries a 10-year term, a 6.5 percent interest rate and a 25-year amortization schedule. The borrower was Griffin Land & Nurseries, and the lender was NewAlliance Bank.
HOUSTON — Yancey-Hausman Interests has disposed of Fallbrook Business Center, a speculative warehouse facility located at 8726 Fallbrook Drive in Houston. The 40,450-square-foot property features 26-foot clear ceiling heights, two truck courts and six 14-foot tall overhead doors. The buyer, Master Flo, plans to use the building for its valve repair and maintenance operations. Yancey-Hausman Vice President Forbes Henderson represented the seller, YH Development LP, which is an investment group set up by Yancey-Hausman. Stephen George Inc. represented the buyer. The acquisition price was not disclosed.