BROADVIEW, ILL. — Darwin Realty & Development Corp. has brokered the sale of a 12,800-square-foot industrial building located at 1814 Beach St. in Broadview. Construction Products Services acquired the facility from an undisclosed land trust, and will be relocating its operation from Villa Park, Ill. The building features a 2,100-square-foot office component, one dock and one drive-in door. Daniel Fanelli of Darwin represented the seller; Brian Gedvilas and Rollo Dace, also of Darwin, represented the buyer in the transaction. The acquisition price was not disclosed.
KEARNY, N.J. — Russo Development has acquired a 190,000-square-foot vacant warehouse, located at the intersection of Schuyler and Bergen avenues in Kearny. The 7.5-acre site will be redeveloped into Schuyler Crossing, a multifamily project that will contain 232 apartment units and 20,000 square feet of retail space. The structure has been demolished and site improvements are already under way. Vertical construction is scheduled to begin in mid-2009. The seller, as well as the sale price, was not disclosed.
HOUSTON — NAI Houston has brokered the sale of a 10,000-square-foot industrial building located at 1724 Townhurst Dr. in Houston. NAI’s Travis Land and Michael Keegan represented both parties. The property was acquired by Hilpert Realty LLC from an undisclosed party. The acquisition price also was not released.
MENLO PARK, CALIF. — Jim Chesler of NAI BT Commercial San Francisco represented Campbell Menlo LLC in the acquisition of a 54,000-square-foot industrial/R&D property, which is located at 4085 Campbell Ave. in Menlo Park. At the time of acquisition, the property was 40 percent leased by Fitness 101. The seller, Joe Chritchfield, Clarence Ferrari Jr., et. al., sold the property for $8.6 million or $159 per square foot.
NILES, ILL. — Don Trossman in the Chicago office of Cohen Financial has arranged $3.4 million in financing for a four-tenant warehouse/distribution center located at 6333 Howard St. in Niles. The borrower for the 78,091-square-foot facility was commercial real estate entity 6333 Howard LLC. The fixed-rate, 75 percent loan-to-value financing was based on a 5-year term with a 5-year renewal option and a 30-year amortization schedule. Oxford Bank of Oak Brook, Ill., provided the loan, which closed in the fourth quarter of 2008.
WARREN, MICH. — Grubb & Ellis has arranged the acquisition of two industrial buildings located at 22100 and 22200 Sherwood Ave. in Warren. Great Lakes Electronics Corp. has purchased the facilities, which total 95,922 square feet, for an undisclosed amount. The company is relocating to the property from Detroit. The location supports the processing of scrap metal, which is a new business endeavor for the company. Daniel Canvasser and Mike Davidson in the Industrial Group of Grubb & Ellis facilitated the transaction. The seller was not disclosed.
MUNDELEIN, ILL. — Downers Grove, Ill.-based Champion Realty Advisors has brokered the acquisition of a 41,913-square-foot multi-tenant industrial facility located at 408 Washington Blvd. in Mundelein. Collins Estate LLC has purchased the facility for an undisclosed amount, and will be relocating its business to the new location. The building, which is situated on a 4.23-acre site, includes 6,000 square feet of office space, three exterior docks, one interior dock and three drive-in doors. Rich Antczak of Champion Realty Advisors represented the buyer; Steve Sullivan of NAI Hiffman represented the seller, Journeys End Real Estate Partnership, in the transaction.
CHARLOTTE, N.C. — Burkert Contromatics Corp. of Germany has leased 38,500 square feet in the Whitehall Tech Center from FORT Properties. The lease, which expires in 2014, expands Burkert’s current warehouse space by 22,500 square feet. The 204,900-square-foot center consists of two fully leased buildings located on Whitehall Park Drive in Charlotte. Bill Wood of Charlotte-based Trinity Partners Industrial Property Services represented the owner along with FORT Properties’ Robert Alter. Trinity’s Terry Brennan represented the lessee.
CHANDLER, ARIZ. — Q10|Dwyer-Curlett has arranged a $16.25 million permanent construction loan through The Guardian Life Insurance Company of America. The loan is for a three-building, 133,122-square-foot business park, which is slated for development in Chandler. The borrower was not disclosed.
CALIFORNIA — NAI Capital’s Newport Beach, Calif., office has brokered two deals totaling more than $3.5 million in California. In the first transaction, David Knowlton of NAI Capital and David Bauman of NAI Utah represented the seller, Corporation of the Presiding Bishop of the LDS, in the sale of 4 acres of vacant land, which is located at 10635 N. Woodman Ave. in Mission Hills. Syrian Orthodox Patriarchate of Antioch purchased the property for $2.1 million. Knowlton represented the buyer. In the second transaction, Brian Childs and JR Williams of NAI Capital represented the lessor, 27611 La Paz LLC, in the lease of an 11,045-square-foot industrial building in Laguna Nigel. All Motion Hockey Training leased the property, which is located at 27612 El Lazo, Suite 100, for $1.5 million.