GILBERT, ARIZ. — Jackson Property Group has purchased an industrial building, which is located at 115 N. Sunway Dr. in Gilbert. The 20,193-square-foot property sold for $1.7 million. Mark Wilcke, Joe Cryan and Tysen Manuel of NAI Horizon represented the buyer; Kris Marin of Grubb & Ellis represented the seller, the estate of Scott W. Hevle, in the transaction.
GREENVILLE, ILL. — Donnewald Distributing Inc. has selected St. Louis-based The Korte Company as the design-build contractor for a new Anheuser-Busch distribution center in Greenville. The more than 146,000-square-foot facility will consolidate three operations into one building, including office and meeting/training space, a 70,000-square-foot controlled environment warehouse, a drive-thru truck loading bay and other ancillary areas. Site work is slated to begin immediately, with completion scheduled for May 2010.
LIBERTYVILLE, ILL. — McShane Development Company/MetLife Real Estate Investments industrial development alliance has leased 58,980 square feet of manufacturing/office space within Liberty Point Corporate Center to Premier Packaging Systems Inc. Premier Packaging Systems will occupy a portion of Liberty Point II, which is located at 1500 Harris St. The firm plans to utilize the space for the execution of its assembly, storage, distribution and fulfillment operations. The customized space will include 2,000 square feet of office space, 58,000 square feet of distribution and assembly space, four truck docks and one drive-in door. Tenant occupancy is slated for September. Ryan Bain, Zachary Graham, Brett Kroner and Keith Puritz of CB Richard Ellis represented the McShane/MetLife alliance; John Pikarski of JD Partners represented the tenant.
FRANKLIN PARK, ILL. — Bob Edmiston of Inland Real Estate Brokerage represented the undisclosed seller in the disposition of a 42,8835-square-foot single-tenant industrial building in Franklin Park. Tovar Snow Professional purchased the property, which is located at 9363 King Ave., for $610,000. Peter Berger of Lawton Realty Group represented the buyer.
DETROIT — Guiding Light Sober Living has purchased 13,780 square feet of industrial space, which is located at 2616 Puritan Rd. in Detroit. The acquisition price was not disclosed. Paul Feldman of Friedman Real Estate Group represented the sellers, Allen Walker and Ronald Rogers, in the transaction.
FALMOUTH AND FAIRHAVEN, MASS. — Storage Opportunity Partners (StorageOp) has acquired two self-storage facilities in Massachusetts. The first property is located on State Route 28 in Falmouth. It contains five two-story buildings with 79,495 rentable square feet, 30,000 of which are climate controlled. The second facility is located on State Route 240 in Fairhaven. It contains 41,500 rentable square feet in six single-story buildings. StorageOp plans to update the Fairhaven facility, including the renovation of one of the buildings to climate-controlled space and the addition of a Budget Truck Rental. The properties will be re-branded Storage Pros Self Storage and will be operated by Storage Pros Management LLC, a wholly owned subsidiary of StorageOp. Terms of the deal were not disclosed.
ROWLEY, MASS. — GVA Thompson Hennessey & Partners has brokered the sale of 19 Turcotte Memorial Drive in Rowley for $2.28 million. The property is a 30,600-square-foot, Class A warehouse property that is fully leased to Robert N. Karpp Co. and Black Cow Restaurants. Lowell Peabody, James Bartholomew and Connor Barnes of GVA represented the seller, Joseph Leone of Business Park Realty Trust. Ralph Leonard of Ralph Leonard Associates represented the undisclosed buyer.
SAN FRANCISCO — The South San Francisco Planning Commission has approved Centrum Properties’ SFO Logistics Center project, which is located in South Francisco. The $23 million upgrade and modernization will convert the property into a premier distribution and light industrial facility. The project will generate 1,070 permanent jobs, including 750 newly created jobs, and 224 construction and related jobs. The center is situated on 26 acres with easy access to three major freeways and the San Francisco International Airport. Construction is expected to begin in the fall with completion slated for early 2010. The developers are pursuing LEED certification for the project.
EDWARDSVILLE, ILL., AND ARDEN HILLS, MINN. — Colliers Turley Martin Tucker (CTMT) has brokered two Midwest industrial deals. In the first transaction, First Industrial Realty Trust leases 409,948 square feet of space at 21-25 Gateway Commerce Center in Edwardsville to Ozburn-Hessey Logistics Transportation. Ed Lampitt and Brandon Duncan of CTMT’s St. Louis office represented First Industrial. In the second deal, Waterton Commercial sold a 30,000-square-foot industrial property, located at 1120 Red Fox Rd. in Arden Hills, to Roberts Development Co. The transaction is valued at $1.47 million. Duane Poppe and Daniel Terry of CTMT’s Twin Cities office represented the seller.
LAKE IN THE HILLS, ILL. — Omega Industries, an importer and distributor of steel cable products, has relocated its Chicago distribution operations to an 8,750-square-foot facility in Lake In The Hills. John O’Hara of RE/Max Commercial Real Estate Services represented Omega in lease negotiations. Don Wolf and Lisa Horton of Wolf Realty represented the undisclosed landlord. Terms of the lease were also not disclosed.