SIMPSONVILLE, S.C. — Sunland Distribution has signed a 337,000-square-foot lease with Trinity Capital for space in the Trinity Commerce Center. The 610,000-square-foot property is located near the interchange of highways 276 and 385 in Simpsonville. Trinity Commerce Center is now fully occupied. Ford Borders and Grice Hunt of NAI Earle Furman represented Trinity Capital. Joyner Commercial's Greg Huff represented the tenant.
Industrial
MIDLOTHIAN, TEXAS — Kehe Food Distributors has sold a 316,031-square-foot warehouse to QuikTrip Corp. for more than $10 million. The property, located at 4200 Railport Parkway in Midlothian, contains freezer and cooler sections and has ceilings that are 72 feet tall. Lee & Associates' Trey Fricke and Reid Bassinger represented the seller. Jesse Pruitt of Somervell Commercial Realty and Chris Teesdale of Colliers International represented QuikTrip.
WHITE SETTLEMENT, TEXAS — Co-Operative Industries has acquired a 121,096-square-foot warehouse from a private party for an undisclosed amount. The property is located at 1401 S. Cherry Lane in White Settlement. NAI Robert Lynn's Todd Hubbard represented the buyer. UCR's Ryan Tinch represented the seller.
PLANO, TEXAS — Brandon Chavoya of Holliday Fenoglio Fowler has secured a $5.8 million loan for the 131,882-square-foot Jupiter Tech Center and Summit Service Center buildings. The flex properties are located at 1000 Jupiter Road and 1825-1865 Summit Ave. in Plano. ViewPoint Bank financed the 5-year, fixed-rate loan.
CITY OF INDUSTRY, CALIF. — Lee & Associates has negotiated the purchase and co-brokered the $6.59 million sale of an 81,250-square-foot industrial property located at 20465 Walnut Drive in the City of Industry. Lee’s Adam Dzierzynski and Dennis Keane represented the undisclosed buyer in the transaction, and Lee’s Jack Cline and Peter Bacci joined with Kent Stalwick of CB Richard Ellis in representing the seller, Hager Pacific Properties. Looking to purchase a warehouse to house auto-racing parts, the buyer plans to occupy the building in August after showroom build-out and substantial improvements to the office space.
CITY OF INDUSTRY, CALIF. — Binswanger/Realty Advisory Group has negotiated the nearly $4.6 million purchase of a 47,108-square-foot, Class A distribution facility located at 19535 East Walnut Drive in the City of Industry. BRAG’s Mark Repstad and Rustin Mork represented 19535 E Walnut LLC in its acquisition of the property, which was constructed in 2002 and features two-story offices, a private yard and dock-high loading capabilities.
MINNEAPOLIS — Minneapolis-based NorthMarq Capital has arranged a $27.05 million loan for a four-property, cross-collateralized portfolio of industrial properties. Totaling 517,240 square feet the properties include 9600 and 9700 West 76th Street in Eden Prairie, Minn.; 1908-2000 Innerbelt in Overland, Mo.; 2325 – 2375 Camino Vida Roble in Carlsbad, Calif.; and 20700 Denker in Torrance, Calif. Major tenants in the properties include Digital River, Build-A-Bear, Sanko Electronics America and Hanna Water Holdings. Financing terms were based on a 10-year term with a 25-year amortization schedule. NorthMarq arranged the financing for the borrowers, affiliates of First Industrial Realty Trust, through its correspondent relationship with National Life Insurance Co. NorthMarq’s Jeff Frankel, Jim Hoopes, Eric Flyckt, Jeff Chaney, David Garfinkel and Rob Hervey brokered the transaction.
FAIRLESS HILLS, PA. — CSC Sugar has signed a lease for a 161,000-square-foot industrial facility located within Fairless Hill's Keystone Industrial Port Complex. The company plans to use the facility, located on the former site of a U.S. Steel plant, as a sugar refinery. Rick Leighton of NAI Global joined with Jeff Licht, Adam Lashner and Fred Myers of local affiliate NAI Mertz to represent the landlord. The tenant signed for a 5-year term.
SAVAGE, MD. — Hanna Paper Recycling has renewed its 58,825-square-foot warehouse lease at 8840 Greenwood Place in Savage. Cassidy Turley's Michael Bosica represented Hanna Paper. Ryan Commercial's Matt Ryan and Tom Whelan represented the landlord.
GLENDALE, WIS. — General Plastics Inc. has signed a lease for 7,200 square feet of industrial space in Glendale. The property is located at 6631 and 6633 N. Sidney Place. Brian Parrish, Samuel M. Dickman Jr. and Samuel D. Dickman of The Dickman Company brokered the transaction. The landlord is Glendale Business Center LLC. Terms of the lease were not disclosed.