CHARLESTON, S.C. — Faro Services of Ohio has signed a lease for 50,000 square feet of warehouse space. The property is located at 330 Deming Way in Charleston. Michael Ferrer and Thomas Buist of Charleston-based Grubb & Ellis|Barkley Fraser represented the undisclosed landlord.
Industrial
ORLANDO, FLA. — Dallas-based Southern Electric Supply Co., doing business as Rexel, has re-leased 75,580 square feet of warehouse space from Columbus, Ohio-based 33rd Street Properties. Located at 4658 and 4680 L.B. McLeod Rd. in Orlando, the property is part of the 33rd Street Industrial Center. Winter Park, Fla.-based York Property Co.’s Jeff York represented the tenant, and Michael Heidrich of NAI Realvest’s Maitland, Fla., office represented the owner.
ROCK ISLAND, ILL. — Davenport, Iowa-based NAI Ruhl & Ruhl Commercial Co. has completed a lease for 109,450 square feet of industrial space in Rock Island. The building is situated on a 10.59-acre site within Southwest Industrial Park. The lease includes a 10-year term with an extension option. NAI’s David Weiner and Rick Schaefer represented both undisclosed parties in lease negotiations.
GREENFIELD AND INDIANAPOLIS, IND. — Summit Realty Group has brokered two industrial sales in the greater Indianapolis area. In Greenfield, MPI Release leased 72,000 square feet of manufacturing space at 2162 N. Hastings Blvd. Summit’s Jeremy Woods represented the landlord, Vacumet. In Indianapolis, Solid Platforms purchased a 12,000-square-foot facility located at 8171 W. 10th St. Summit’s Ryan Kelly represented the buyer. Rob Lukemeyer of Baseline represented the seller, Four Square Co.
CAMANCHE, IOWA — Davenport, Iowa-based NAI Ruhl & Ruhl Commercial Co. has completed the $14.4 million sale of a Mississippi River barge and rail terminal, located in Camanche. Previously owned and operated by Determann Industries, the 317-acre site contains 15 industrial buildings, an asphalt plant, a rail spur, a deep water harbor and barge fleeting river frontage. NAI’s Chuck Ruhl was the sole broker in the transaction.
BLAIRSTOWN, IOWA — Gulf Alternative Energy Corp. (GAEC) has agreed to purchase an ethanol production plant located in Blairstown. The facility, which is presently owned by Xethanol Biofuels, has the capacity to produce up to 6 million gallons of ethanol per year. GAEC plans to convert the plant to produce ethanol from cellulosic plant materials such as corn stalks and cobs, switchgrass, and agricultural waste. The facility previously produced ethanol from food and feedstock-based materials such as corn. The acquisition is scheduled to close this fall.
BERLIN, CONN. — Colliers Dow & Condon has brokered a lease transaction for Phase I of ARGO Center, located at 550 Wilbur Cross Pkwy. in Berlin. ABC Supply has signed a long-term, approximately 65,000-square-foot lease for its wholesale distribution operations. Nicholas Morizio of Colliers Dow & Condon facilitated the transaction. Leasing has also begun for future phase of the development. Phase II consists of three retail/industrial pad sites, and Phase III will consist of an 84,000-square-foot retail building.
DALLAS — Henry S. Miller Brokerage has completed a lease for the relocation and expansion of USA Pallet & Logistics’ headquarters. Currently located in South Dallas on Bronze Way, USA Pallet & Logistics will relocate to 2829 Sea Harbor in a 233,529-square-foot, single-tenant building. Situated on 9.06 acres, the new building includes 5,000 square feet of office space and tilt-wall construction. USA Pallet & Logistics was represented by Pete Richardson and Drew Richardson of Henry S. Miller Brokerage in lease negotiations. The landlord, TA Reality Associates Fund, was represented by Jim Brice of Holt Lunsford Commercial.
FRIDLEY, MINN., AND CONCORDIA, MO. — Colliers Turley Martin Tucker (CTMT) has arranged two industrial leases totaling 318,666 square feet. First, CTMT’s Minneapolis/St. Paul office completed a lease for 244,666 square feet at River Road Industrial Center, located at 4800 E. River Rd. in Fridley. The space will be occupied by BP Wind Energy North America. The value of the lease is $2.36 million. CTMT’s Ronald Scholder, Mark Kolsrud and Matthew Klein represented the landlord, ELT Minneapolis LLC. River Road Industrial Center is the largest industrial building in the state of Minnesota, totaling more than 2 million square feet in a single building. In the second transaction, CTMT’s Kansas City office arranged a 74,000-square-foot lease at 101 Davis Rd. in Concordia. The lease is valued at $2.35 million. CTMT’s Alec Blackwell represented the tenant, Old World Spices & Seasonings. The landlord is I-70 Storage Properties LP.
KANSAS CITY, KAN. — Kansas City, Mo.-based Grindstone Industrial Properties has brokered the sale of a 10,745-square-foot industrial building, located at 22 N. Sixth St. in Kansas City. Pat Murfey of Grindstone negotiated the transaction between the buyer, Mittal Patel Properties, and the seller, Randy A. Moore Properties. The acquisition price was not disclosed. In addition, Murfey arranged a 12,386-square-foot industrial lease at 74 S. James St., also in Kansas City. The tenant is Brauer Supply Co. and the landlord is Robert S. Ehinger Trust.