JACKSONVILLE, FLA. — Jax BTS#1, principals of which include Beechwood Partners and an affiliate of Weeks – Robinson, is developing a 240,000-square-foot distribution center. The property, which will be complete this summer, is located on 12 acres in Jacksonville's Westlake Industrial Park. PenserSC will occupy the building. Cushman & Wakefield of Florida's Mark Scott, Tyler Newman and Jim Patrick represented Beechwood Partners in the lease transaction. An item that ran on a sale transaction of this property in yesterday's newsletter was inaccurate due to errant information provided by Cushman & Wakefield of Florida. The property is under development and has not been sold.
NAPERVILLE, ILL. — Anchor Bolt & Screw Co. has completed the disposition of an 85,600-square-foot manufacturing/warehouse facility in Naperville. Primavesta purchased the property, which is located at 1560 N. Frontenac, for an undisclosed price. The facility offers 11,000 square feet of office space and 22-foot clear ceiling heights. Richard Daly and Cory Ramey of Darwin Realty & Development Corp. represented the seller; Sam Adam of Charles Rutenberg Realty represented the buyer in the transaction.
PORTAGE, IND. — BP Products North America, as part of the Whiting Refinery Modernization Project, has signed a lease to occupy the Midpoint USA distribution facility in Portage. Located within the AmeriPlex at the Port, the facility, which encompasses 54 acres, offers 574,249 square feet of industrial space. TCB Development/Tobin Development LLC developed the complex, which came online last year. Brian Vanosky and Justin Fierz of Lee & Associates of Illinois represented the developer/owner; Jen Wrinkle of Jones Lang LaSalle represented the tenant in the transaction. New Vista Investment Group, on behalf of Workers Realty Trust II, also had a hand in the transaction. Additional details of the transaction were not released.
ORLANDO, FLA. — Tom McFadden and William Bradford of Southern Commercial Real Estate Advisors have brokered two industrial leases in Florida. McFadden and Bradford represented the landlord, RREEF, in its 18,975-square-foot lease to Iberia Foods Corp. The tenant will occupy the space, which is located at 7580 Exchange Drive in Orlando, for the next 7 years. The Southern Commercial team also represented McDonald Ventures XXVI in its 6,100-square-foot lease to Atlantic Fasteners and Supply Co. The property is located at 3830 Enterprise Way in Sanford. Atlantic Fasteners will lease the space for the next 8 years.
HOUSTON — United Refrigeration has renewed its lease for 10,330 square feet of warehouse space with Cobalt Industrial REIT II. The property is located at 7801 N. Shepherd Drive in Houston. NAI Houston's Jon Michael represented the landlord. Peyton Indermuehle and Jerry Lumbreras of Indermuehle & Co. represented the tenant.
ST. PETERSBURG, FLA. — DDC Logistic Services has purchased a 131,800-square-foot warehouse from Hunter Douglas Fabrication for $7.15 million. The property is located at 3001 Gateway Centre Parkway in St. Petersburg. Vector Commercial Real Estate Services' Ned Willis represented the buyer. Paula Smith of Osprey Real Estate Services represented Hunter Douglas Fabrication.
LAKE IN THE HILLS, ILL. — Omega Industries, an international importer and distributor of steel cable products, has relocated its Northwest Chicago distribution center to Lake in the Hills. The company will occupy a 9,000-square-foot industrial facility at 9180 Trinity Dr. John O’Hara and Lucas Condill of RE/MAX Commercial Real Estate Services represented Omega; Don Wolf and Lisa Horton of Crystal Lake, Ill.-based Wolf Realty represented the landlord in the lease transaction. Additional details of the transaction were not disclosed.
CENTRAL ISLIP, N.Y. — Hauppauge, N.Y.-based Ashlind Properties has brokered the sale of a 248,000-square-foot distribution center located in Central Islip. The buyer, Raymour & Flannigan, had previously leased the property, located at 111 Windsor Place, and exercised its option to purchase it. Amenities of the building include 40-foot clear ceiling heights, 40 loading docks, a racking system and 11,000 square feet of office space. Richard Cohen of Ashlind represented both sides in the transaction, with assistance provided by Ashlind's Michael Landsman. The seller was Islip U-slip LLC. The acquisition price was not disclosed, but the original purchase option in the lease was in excess of $21 million.
LEOMINSTER, MASS. — Marcus & Millichap has negotiated the sale of Leominster Business Center in Leominster for $2.02 million. The property is situated at 34 Central St.; it consists of the 1,017-unit Easy In Self Storage as well as 68,000 square feet of multi-tenant office and commercial space. Harvey Miller and Mike Mele of Marcus & Millichap's Self Storage Group, along with Robert Horvath and Todd Tremblay of the firm's Boston office, represented the seller, Phillip Rahaim of Leominster Business Center Inc., at the property's bankruptcy auction. Mele and Miller also procured the buyer, Sanford, Maine-based Arenhall Corp.
DENVER — Bank of the West has sold a 43,000-square-foot industrial building, located at 5055 E. 48th Ave. in Denver, to Premier RE Holdings for an undisclosed price. Grubb & Ellis’ Steve Poole and Steve Fletcher and Acquire Real Estate’s Paige Coker-Heiman represented the seller in the transaction, and Doug Viseur of CB Richard Ellis represented the buyer.