ALLENTOWN, PA. — CB Richard Ellis (CBRE) has negotiated a 92,143-square-foot lease at 7339 Industrial Blvd. in Allentown on behalf of the tenant, Inmar CLS Reverse Logistics. CBRE’s Joseph McDermott, Vincent Ranalli and Wit Truitt brokered the 5-year deal. Situated in Lehigh County, the property is a high-bay industrial facility owned by Liberty Property Trust. Located at the intersection of I-78 and Rt. 100, the building features 30-foot clear ceiling height, 16 loading docks, T5 lighting and an ESFR sprinkler system. The property is situated in an industrial park setting with many other large companies including Kraft, Millard Refrigerated Services, Kia Motors, Behr, Owens & Minor and others. The financial details of the transaction were undisclosed.
Industrial
DALLAS — ProLogis has leased 268,000 square feet of distribution space at Northgate Distribution Center, one of the REIT’s industrial parks that is located near Interstate 635 in northeast Dallas. The space, which is located within the approximately 535,000-square-foot Building 18, will be occupied by locally based logistics provider Speed FC. The company already occupies 268,000 square feet within Building 18 and will use the additional space to accommodate the growth of its business. The company has leased a total of 854,000 square feet of industrial space from ProLogis in Dallas and Columbus, Ohio. This most recent lease brings Building 18 to full occupancy. Terms of the lease were not disclosed.
SOUTHFIELD, MICH. — Colliers International’s Southfield office has brokered three transactions in Michigan. In the first transaction, John Lominack and Gary Glotzhober of Colliers International represented the Victaulic Co. in the disposition of a 16,861-square-foot industrial property, which is located at 23107 Commerce Dr. in Farmington Hills, Mich. Additionally, Lominack represented The Salvation Army in a 21,024-square-foot lease of retail space located at 1200 S. Lapeer Rd. in Oxford, Mich. Finally, Jim Chaconas of Colliers International represented the landlord, Scio Holdings Co., in the lease of 20,972 square feet of office space, which is located at 110 Parkland Plaza in Ann Arbor, Mich., to Colorbok Inc. The values of the transactions were not disclosed.
HOUSTON — Houston Realty Advisors has brokered a 15,575-square-foot industrial lease expansion on behalf of Equipchefs. The Dallas-based company will be expanding into Houston with its new space at 129922 Hempstead Hwy. Ed Ayres of Houston Realty Advisors represented the tenants. The landlord, MPI Properties, was represented by Gregg Barra and David Boyd of Boyd Commercial. Terms of the lease were not disclosed.
PHOENIX — LMI Solutions has acquired an 82,288-square-foot freestanding industrial building, which is located within Triangle Industrial park at 46 North 49th Ave. in Phoenix, for $4.32 million. The property features 3,000 square feet of office space, 12 docks, two grade-level doors and 30-foot ceiling height. Mark DiSabato of Atlantis Commercial represented the buyer; Don MacWilliam and Payson MacWilliam of Colliers International represented the seller, First Industrial Realty Trust, in the transaction.
OLDSMAR, FLA. — Grubb & Ellis | Commercial Florida has negotiated a long-term lease of 24,300-square-feet of industrial space at a facility at the intersection of Commerce Boulevard and Vollmer Avenue in Oldsmar. Michael Scott and Jan Boltres of Grubb & Ellis | Commercial Florida negotiated the transaction on behalf of the tenant, Fort Mill, S.C.-based Sunbelt Rentals. The landlord is Vollmer Corp. based in Clearwater, Fla.
LEE’S SUMMIT, MO. — Grindstone Industrial Properties has brokered the sale of a 24,300-square-foot industrial property, located at 1260-1292 NW Sloan St. in Lee’s Summit. Pat Murfey of Grindstone represented the seller, Portico Properties. Roanoke 31 Partners purchased the property for an undisclosed amount.
CLIFTON, N.J. — The Morris Companies has leased a 230,953-square-foot industrial building, located at 261 River Rd. in Clifton, to a global manufacturer. The building features 193,593 square feet of warehouse/distribution space, 32,996 square feet of corporate office space and 4,364 square feet of warehouse office space. Amenities include 36-foot clear ceiling heights, 25 cross-docked tailgates and two drive-in doors. The tenant plans to consolidate three of its existing northern New Jersey facilities into the new location. Stan Danzig, Stephen Elman, Noah Balanoff and Robert Adams of Cushman & Wakefield represented the landlord, The Morris Companies. Thomas Carragher and Dan Foley of Studley represented the tenant. Terms of the lease were not disclosed.
PHILADELPHIA — Philadelphia-based Binswanger has brokered the sale of a 33,000-square-foot industrial building in Philadelphia. Located at 10049 Sandmeyer Lane, the property features crane service, 20-foot clear ceiling heights, four tailgate truck loading docks, four overhead drive-in doors and 10,000 square feet of office space. The buyer, Dixon Shane LLC dba R&S Northeast, acquired the property for $1.75 million and plans to use the facility as its corporate headquarters. Binswanger represented the seller, Collegeville, Pa.-based Monticello Granite Ltd.
ARLINGTON, TEXAS — Jim Hazard and Brett Heinen of Henry S. Miller Brokerage recently brokered the lease of a 60,000-square-foot industrial building located at 3715 E. Avenue E in Arlington. The tenant, Alpha Furniture, LLC, will expand its current space by 20,000 square feet when it relocates to the building. Don Conlon worked on behalf of the landlord, Gillis Thomas Co., in the transaction.