NEW YORK CITY — New York City-based Terra CRG has brokered the sale of a five-story, 24,000-square-foot, loft industrial building located in Brooklyn, New York City. The property is situated at 25-27 Lexington Ave. within the borough's Clinton Hill neighborhood. The buyer, 802 LLC, plans to initially use the vacant property for an import/export business, with the possibility of converting to mixed-use or residential use in the future. The building's seller, ABP Realty LLC, had preliminary plans to convert the building into 24 apartments. The acquisition price was not disclosed.
ORLANDO, FLA. — Velocity Acquisition I has signed a 100,800-square-foot warehouse lease with RREEF in Orlando. The space is located at 3019 Mercy Drive. Mohr Partners' Trent Smith represented the tenant. Tom McFadden and William Bradford of Orlando-based Southern Commercial Real Estate Advisors represented the landlord.
SAVANNAH, GA. — Kerry Ingredients and Flavours has signed a lease for a 103,350-square-foot warehouse owned by Congress Street Investors. Located at 217 Bourne Blvd. in Savannah, the property is in the Savannah Port Authority Industrial Park. Reese and Co.'s John Reese represented the landlord in the transaction.
SOUTH BELOIT, ILL. — McCleary Inc. Trans Astro Division has acquired a 30,000-square-foot industrial property, located at 15760 Willowbrook Road in South Beloit. Highland Realty sold the property for an undisclosed price. Coldwell Banker Commercial McGuire Mears & Associates’ William Mears and Barry Badertscher represented the seller in the transaction.
CHICAGO — Roll & Roll has purchased 2310 West 58th Street in Chicago’s Englewood neighborhood for $2.9 million. The 137,688-square-foot facility features 18- to 30-foot clear ceiling heights, 6,364 square feet of office space, five interior depressed docks, 12 cranes, four drive-in doors and heavy power capability. The buyer is a family owned metal fabricator company that specializes in stainless steel products for the meat and food industries in Chicagoland. Matt Rogatz of Chicago Industrial Real Estate represented the buyer; Michael Nelson and Mark Nelson of Paine/Wetzel • ONCOR International represented the seller, Great Western Steel Co., in the transaction.
WALTON HILLS, OHIO — MMERGY has acquired a warehouse facility, which is located at 7780 Northfield Road in Walton Hills. The buyer will utilize the 40,212-square-foot facility for warehousing and storage needs for Cleveland-based Arhaus furniture. Robert Wetzel of NAI Daus represented the undisclosed seller in the transaction; the buyer was self-represented.
ORLANDO, FLA. — Coca-Cola Enterprises has signed a 70,362-square-foot warehouse lease with DCT Industrial. The property is located at 8420 Boggy Creek Road in Orlando. Morrison Commercial Real Estate's Lisa Bailey represented Coca-Cola in the transaction. Moses Salcido of Southern Commercial Real Estate Advisors represented the landlord.
MEMPHIS, TENN. — Cronheim Mortgage has secured a $10 million acquisition loan for the purchase of a 487,670-square-foot FedEx Supply Chain Services warehouse in Memphis. The property, which was built in 1994, is located at the intersection of U.S. Highway 78 and Tuggle Road. The 5-year loan carries a 6.25 percent interest rate and a 20-year amortization schedule. Cronheim's Andrew Stewart, Dev Morris and Patrick Haggerty arranged the loan.
OMAHA, NEB. — Seldin Co. has sold a 70,000-square-foot facility to Goodwill Industries for $5.9 million. Located within Benson Park Plaza in Omaha, the property will be used as the new headquarters for Goodwill Industries serving Eastern Nebraska and Southwest Iowa. The building will include a 25,000-square-foot retail store and space for educational programs. Additionally, Seldin Co. has donated 352,000 square feet of fully improved infrastructure and paved parking area to Goodwill. Other tenants at Benson Park Plaza include Baker Supermarket, The Home Depot, Hancock Fabrics and Blockbuster Video.
CAMBRIDGE, MD. — GKD-USA has purchased the 65,705-square-foot Regina USA manufacturing facility from an undisclosed party for an undisclosed price. Located at 824 Chesapeake Drive in Cambridge, the property sits on 5.64 acres of land in the Chesapeake Industrial Park. Henry Hanna and Wesley Cox of Sperry Van Ness-Miller Commercial Real Estate brokered the sale.