MILLBURY, MASS. — Boston-based EagleBridge Capital has arranged $3.47 million in permanent acquisition financing for a 31,340-square-foot industrial property in Millbury. The warehouse/distribution center is located on 5.8 acres at 10 Latti Farm Road. It features 26-foot ceiling heights and 19 loading docks. The borrower/buyer, Campanelli Cos., plans to redevelop the property by adding 10 loading docks and 10 parking space. The parking lot will also be resurfaced. Ted Sidel and Brian Sheehan of EagleBridge arranged the financing on behalf of Campanelli through a commercial bank. Peter Brown provided in-house representation to Campanelli in the acquisition, while the undisclosed seller was represented by Jason Madden and Michael Chapin of The Madden Group.
Industrial
WALLER — White Star Pump Co. has purchased a 21,000-square-foot industrial building situated on 15 acres at 41499 Cyrus Rd. in Waller. Sable Land Group sold the property. Travis Land and Michael Keegan of NAI Houston represented the buyer, while Brian Corriston of Caldwell Cos. represented the seller.
SPARKS, NEV. — Morrissey Realty presided over the nearly $6.65 million sale of a trucking facility located at 1050 Coney Island Dr. in Sparks. FedEx Freight acquired the 17,578-square-foot building, which was constructed on 10.12 acres in 1980. The buyer will expand company operations from its adjacent, existing facility. Morrissey Realty’s Pat Morrissey and James Lowey were the sole brokers in the transaction.
HINESBURG, VT. — Redstone has acquired the former Saputo Cheese facility in Hinesburg for $526,500. Situated on 15.4 acres off of Route 116, the 88,000-square-foot facility contains production and storage space, including refrigerated storage space, as well as office space. The owner plans to redevelop the property. Among the discussed uses are housing, a restaurant/brewpub and food-related businesses. Yves Bradley of Pomerlau Real Estate represented the seller, Saputo Cheese USA, Inc.
MISSOURI CITY – LT Foods USA, an importer and distributor of food products, has purchased the 38,337-square-foot Building I within Lakeview Business Park in Missouri City. The company will operate as Kusha, the leading distributor of Basmati Rice and Jasmine Rice. Lakeview Business Park is a 157-acre development of Trammell Crow Co. and Crow Holdings Realty Partners IV, LP located near the Sam Houston Parkway, U.S. Highway 90-A and the Fort Bend Parkway.
CITY OF INDUSTRY, CALIF. — Lee & Associates has negotiated the $5.66 million sale of a 53,918-square-foot industrial property, located at 19907 E. Walnut Dr. South in City of Industry. Built in 2000, the property offers freeway frontage and six dock-high doors with a 24-foot ceiling clearance. Lee & Associates’ Marc DiGennaro represented the buyer, Zoe LW Enterprises LLC, in the transaction, and the brokerage firm’s Jeff Bethel represented the Walnut, Calif.-based real estate investment seller, Catesgarb Holdings.
CARROLLTON – A 67,245-square-foot industrial building has sold at 1711 Briercroft Ct. in Carrollton for an undisclosed amount. Nathan Denton of Lee & Associates represented the seller, CW Capital, and Mark Hull of Lee & Associates represented the buyer, Walter Floyd.
CHICAGO — SkinnyCorp LLC, the parent company of Threadless, has signed a lease for a 45,000-square-foot warehouse property in Chicago. SkinnyCorp plans to use the property for executive offices and distribution of apparel for Threadless, an Internet-based seller of custom-designed t-shirts. Daniel McCarthy of Jones Lang LaSalle represented the tenant; Wayne Shulman and Tim Thompson of HSA Commercial Real Estate represented the landlord, Chicago-based JRG Capital Partners, in the transaction. Details of the long-term lease were not released.
GOODYEAR, ARIZ. — CB Richard Ellis (CBRE) has negotiated the sale of a 440,168-square-foot distribution building, located at 4295 S. Cotton Lane in Goodyear, to Sub-Zero. The Madison, Wisc.-based manufacturer of luxury refrigerators, freezers and wine storage units will spend more than $68 million on the acquisition, building improvements and the purchase of new equipment at the cross-dock facility at Palm Valley 303. Included in the building sale is an option on an adjacent 30-acre parcel. CBRE’s Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy represented the seller, Sunbelt Holdings of Scottsdale, in the transaction, and Cassidy Turley BRE’s John Pompay and Tony Lydon represented Sub-Zero, which will benefit from the Foreign Trade Zone status granted to Palm Valley 303 in fourth quarter 2010. The Goodyear facility will produce two products previously built in Wisconsin.
MACON, GA. — North Coast Logistics has leased 77,000 square feet of industrial space at I-16/Ocmuglee East Industrial Park in Macon. The 100,000-square-foot park is a joint venture between Rooker and Macon-Bibb County Industrial Development Authority. Situated on 10 acres, the facility offers 28-foot clear ceiling heights and an ESFR sprinkler system. Todd Barton and Greg Haynes of CB Richard Ellis represented the tenant; Bilijack Bell of Wilson, Hull & Neal represented the landlord, Rooker, in the transaction. Terms of the lease were not disclosed.