RESEDA, CALIF. — Todd Schwartz of Hanes Investment Realty represented the undisclosed buyer in the acquisition of Sherman Way Apartments. Located at 19505 Sherman Way in Reseda, the 15-unit property sold for $1.62 million. Warren Berzack of Investment Real Estate Associates represented the seller, MG Ventures, in the transaction.
BATON ROUGE, LA. — Shreveport, La.-based Sealy BRNO Properties has sold its 42,378-square-foot Baton Rouge 2 building to Harvey, La.-based Rathborne Properties for $2.3 million. The 10-year-old property is located on Industriplex Boulevard in Baton Rouge. The sale was part of Sealy’s disposition of its Louisiana properties. Daniel Poulin of Sealy & Co. represented the seller.
BALTIMORE — Pacorini Metals USA has leased 219,615 square feet of warehouse space in South Highland Avenue Marine’s 890,000-square-foot Highland Avenue Marine Terminal. The property is located at 1655 A&B Highland Ave. in Baltimore. Blue & Obrecht Realty’s Paul F. Obrecht, III, represented both parties in the transaction.
MADISON COUNTY, ILL. — Earth City, Mo.-based Contegra Construction Co. has completed the $22 million expansion of Proctor & Gamble’s distribution center, located within Gateway Commerce Center in Madison County. Known as Westway III, the building was expanded from 580,000 square feet to approximately 1.14 million square feet. It features 32-foot clear ceiling heights and 20,000 square feet of office space. Proctor & Gamble will use the expanded facility to consolidate its St. Louis-area operations. Gateway Commerce Center is a 2,300-acre distribution park situated at the interchange of Interstate 270 and Highway 255. Other tenants at the park include The Dial Corporation, Hershey Foods Corp., Unilever and OHL.
ELK GROVE VILLAGE, ILL. — Lee & Associates has arranged a lease for a 105,000-square-foot industrial building located at 2600 Elmhurst Rd. in Elk Grove Village. The lease carries a 10-year term and a total cost of $6.3 million. The tenant, Moss Inc., plans to consolidate several of its locations in the O’Hare submarket into the new facility. Chris Nelson of Lee’s Chicago office represented the landlord, Mirvac Industrial Trust, in lease negotiations. The tenant was represented by Taurus Realty Partners.
CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has brokered a 66,661-square-foot industrial lease in Chicago. Calumet Meat Co. is expanding its presence within the refrigerated warehouse building, which is located at 4100 W. 40th St. Paine/Wetzel’s William Kerrins, James Pater and David Zirngibl represented the landlord, a private investment group. Calumet Meat Co. was represented by Vern Schultz of Colliers Bennett & Kahnweiler. Terms of the lease were not disclosed.
YONKERS, N.Y. — The Yonkers Industrial Development Agency (YIDA) has finalized incentive packages for two development projects in the city. The first project consists of the renovation of the former Tyco building, a 50,000-square-foot industrial property located at 78 Fernbrook St. Upon completion, the building will house the manufacturing and warehousing operations of Hudson Scenic Studio, a stage production and design company that is currently located at 130 Fernbrook St. The project is expected to cost $2.66 million. Financial assistance from the city included bond issuance, a sales and usage tax exemption for construction materials and equipment, and a structured property tax agreement. The second project is the $47 million first phase of the renovation of Grant Park Apartments. The affordable housing project is situated on a 12-acre site that formerly contained the Mulford Gardens public housing development. Phase I of the project will include the construction of 100 units in a mix of one-, two-, and three-bedroom apartments and townhomes. Additional construction will include several pocket parks and two community buildings. Ultimately, the project will contain 240 units and is expected to cost approximately $109 million. The project is being undertaken by Richman Group Development Corp. and Landex Development …
HOUSTON AND HUMBLE, TEXAS — CB Richard Ellis (CBRE) has completed three leases in the Houston metro area. First, Houston-based Greenstar Recycling signed a lease for 18,900 square feet of warehouse space at 4789 Eastpark Dr., located in northeast Houston. Patrick Rollins of CBRE represented the tenant. The landlord, First Industrial Realty Trust, was represented by Blake Gibson of Colliers International. In addition, Stoneland Global Logistics signed a lease for 10,140 square feet of warehouse space within Kenswick Airfreight & Logistics Centre, located at 19051 Kenswick Dr. in the northern suburb of Humble. Rollins represented the landlord, LIT Industrial Texas LP. Tiffany Sebastian of ReMax NW represented the tenant. Finally, LandAmerica Charter Title Co. renewed its lease for 17,579 square feet of office space at the Whitney Bank Building, located at 4265 San Felipe St. in Houston’s Post Oak Park submarket. CBRE’s Kristen Rabel, Steve Rocher and Louann Orlando represented the landlord, BMS Management.
HAYWARD, CALIF. — Wig America has purchased two 36,000-square-foot distribution buildings in Hayward. Located at 27317 and 27279 Industrial Blvd., the properties sold for $5.5 million. This transaction marks the largest owner/user sale to date this year in Hayward. Jesse Lucas of Lee & Associates Commercial Real Estate’s Oakland, Calif., office represented the buyer; Bt Commercial represented the seller, LRF Properties, in the transaction.
ESCONDIDO, CALIF. — The Carlsbad, Calif., office of Lee & Associates-North San Diego County has brokered the sales of two industrial properties in Escondido for a combined consideration of approximately $3.22 million. In the first transaction, Isaac Little and Randy Dalby of Lee & Associates represented The Gary D Vest Revocable Trust in the disposition of a 7,020-square-foot industrial building, which is located at 1134 Industrial Ave. Joe Crotty of Coldwell Banker Commercial represented the buyer, Bennet Glass, in the $1.02 million acquisition. In the second transaction, 1011 Andreasen LLC purchased an 18,830-square-foot industrial building located at 501 S. Andreasen Dr. for $2.2 million. Adam Robinson, Tom Blackmore and Tim Arguello of Lee & Associates represented the buyer and the seller, Paul Ostrowiecki, in the transaction.