GRAND PRAIRIE, TEXAS — Consumer Product Services has leased 60,005 square feet of warehouse space from Cobalt Capital Partners in Grand Prairie. The property is located at 1001 Avenue R. Lee & Associates' Conrad Madsen and Greg Nelson represented the tenant. The firm's Donnie Rohde and Mark Graybill represented the landlord.
ONTARIO, CALIF. — CB Richard Ellis has arranged the $10.7 million user sale of a 264,717-square-foot industrial building located at 1251 S. Rockefeller Avenue in Ontario. CBRE’s Walt Chenoweth, Frank Geraci, Juan Gutierrez, Patrick Wood and Will Golden represented the seller, Arrow Electronics, in the transaction. The buyer, Cels Enterprises, will expand from its current 120,000-square-foot building, also in Ontario. The shoe-sales company took advantage of SBA financing that qualified it for extra loan value based on energy-efficiency upgrades at Cels’ previous building.
LARGO, FLA. — Formulated Solutions has acquired a 142,000-square-foot industrial development in Largo from Smith & Nephew United for $8.3 million. The two-building property, which was built in 1988, is located at 11775 Starkey Road. It contains warehouse, office and lab space. John Dunphy of Colliers International represented the seller.
FRANKLIN PARK, ILL. — Hill Mechanical Group has purchased a three-building, 183,950-square-foot industrial complex in Franklin Park. Situated on 19.4 acres, the property consists of the 83,670-square-foot 11100 Belmont Avenue facility, the 71,306-square-foot 3201 Wolf Road building and the 15,450-square-foot 3205 Wolf Road property. The complex was vacated when Central Grocers relocated its operations to a build-to-suit in Cherry Hill Business Park in Joliet, Ill. Hill Mechanical will use the facility to expand its operations from its current facility, which is located adjacent to the acquired asset. Matt Mulvihill and Ryan Kehoe of Grubb & Ellis represented the seller, CGI Franklin Park LLC, in the transaction. The acquisition price was not released.
TAYLOR, MICH. — Paul Burger of Farmington Hills, Mich.-based Burger Easton & Co. has brokered the sale of a 19,000-square-foot industrial building. Located on Universal Drive in Taylor, the property sold to private buyer for an undisclosed price. Burger represented both undisclosed parties in the transaction.
HOLLYWOOD AND DANIA BEACH, FLA. — Sperry Van Ness has brokered two industrial sales in Florida totaling $4.4 million. In the first sale, SVN's Les Byron represented Bayly in the sale of the Bayly Building to 4151 Property for $2.4 million. Located at 4151 N. 29th Ave. in Hollywood, the property spans 26,800 square feet. Beachfront Realty's Dee Price represented the buyer. Steve Davis of Sperry Van Ness represented Carib in its sale of the Tile International building to RDRW Properties for $2 million. Located at 101 SW 12th Ave. in Dania Beach, the property spans 30,000 square feet. Dan Smith of Smith Moses, Morris & Associates represented the buyer.
NEW YORK CITY — Massey Knakal Realty Services has brokered the sale of an industrial property in Brooklyn for $2.7 million. The property, located at 195 Bay 19th St. in the borough's Bensonhurst neighborhood, contains two connected warehouse buildings totaling approximately 29,000 square feet. Massey Knakal's Jeffrey Shalom negotiated the deal between the two undisclosed parties.
KATY, TEXAS — Cole Real Estate Investments has purchased the 914,195-square-foot Igloo Distribution Facility from a private seller for an undisclosed amount. The Katy facility serves as Igloo's distribution and manufacturing facility, and corporate headquarters.
HUMBLE, TEXAS — Access Self Storage has sold an 85,125-square-foot facility to WEDGE Real Estate Holdings for an undisclosed amount. The property is located at 2115 FM 1960 in Humble. The property, which opened in November 2009, includes 585 storage units. Steve Mellon of Grubb & Ellis and Page Partners' Joshua Jacobs brokered the sale.
BRASELTON, GA. — TranSouth Logistics has leased 190,000 square feet of warehouse space from Atlanta Property Group in Braselton. The 455,000-square-foot property is located at 1001 Cherry Drive. Bill Buist and Price Weaver of Colliers International represented the landlord.