ELIZABETH, N.J. — Atlanta-based IDI has signed third-party logistics provider Exel Inc. to a 130,205-square-foot lease at its NorthPoint Distribution Center, located at 699 Kapkowski Road in Elizabeth. The tenant will take occupancy in the summer and will share the building with Shipco, which will occupy 212,500 square feet beginning this month. Frank Petkunas provided in-house representation for IDI, with assistance from Paul Torosian and Nate Demetsky of Cushman & Wakefield. Frank Caccavo, also of Cushman & Wakefield, represented Exel.
WILLOWBROOK, ILL. — AVA Inc. has purchased a 20,385-square-foot industrial property in Willowbrook. Located at 7051 S. Adams St., the facility features two exterior docks, one drive-in door, 20-foot clear ceiling heights and parking for 36 vehicles. Kip Hennelly of CB Richard Ellis represented the buyer; Bill Waliewski of Westmont, Ill.-based Morgan Realty Partners represented the seller, 8-0 Real Estate LLC, in the transaction. Terms of the transaction were not disclosed.
GRAND PRAIRIE, TEXAS — Lyon Workspace Products has leased 67,000 square feet of warehouse space from CWTX 360 I CC 89. The property is located at 2725 State Highway 360 in Grand Prairie. Ryan Keiser of CB Richard Ellis represented the tenant. The firm's Steve Koldyke and John Brewer represented the landlord.
PHOENIX –– Cushman & Wakefield has negotiated philosophy Inc.’s nearly 217,000-square-foot industrial lease at Buckeye Logistics Center located at 6913 West Buckeye Rd. in Phoenix. Terms of the deal were not disclosed. Constructed by The Alter Group in 2008, Buckeye Logistics Center consists of two buildings totaling 684,235 square feet. Cushman & Wakefield’s Pat Harlan represented the tenant in the long-term transaction, and the brokerage firm’s Steve Sayre, Darren Tappen and Kyle Westfall represented the landlord, Principal Global Investors. The Phoenix-based skincare and beauty company will relocate from a 100,000-square-foot facility in Chandler.
JOLIET, ILL. — Stepan Co. has inked a build-to-suit lease deal for a 217,712-square-foot industrial building at CenterPoint Intermodal Center-Joliet in Joliet. The Northfield, Ill.-based company is a producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation related products. The property is being developed by CenterPoint Properties.
FRANKLIN, MASS. — Healthcare supplies company Owens & Minor has expanded the lease at its Franklin distribution facility. The company previously occupied 47,459 square feet within the high-bay warehouse building but renewed and expanded its lease to occupy the entire 147,578-square-foot building. John Lashar, Paul Leone and Samantha Hallowell of Richards Barry Joyce & Partners represented the landlord, TA Associations Realty, in lease negotiations. Jackson & Cooksey represented the tenant.
ROSEVILLE, CALIF. — Solar Power Inc. will open a new 100,000-square-foot headquarters and manufacturing facility at McClellan Business Park in the Sacramento area. The property is projected to have an annual production capacity of 50 megawatts of high-performance solar panels. Founded in 2005, Solar Power anticipates construction beginning on the new facility in July with completion scheduled for early 2011.
ORLANDO, FLA. — Pelliconi Group of Italy has leased 86,413 square feet from Duke Realty Corp. in Parksouth Distribution Center, eight-building, 990,091-square-foot business park. The property is located near the Florida Turnpike in Orlando. Pelliconi will move into the space in mid-April and has predicted that they will staff 24 jobs during the next 3 years. NAI Realvest Partners' Rob Blackwell represented the tenant. Tim Perry served as in-house representation for Duke Realty.
HARTLAND, WIS. — HM Investment Partners LLC has acquired a 44,860-square-foot industrial property in Hartland. The property, which is located at 581 S. Industrial Dr., sold for an undisclosed price. Stephen Provancher of NAI MLG Commercial represented the seller, DRE Investments LLC, in the transaction.
GARLAND, TEXAS — Goodman Distribution has signed a 29,955-square-foot lease with Northwestern Mutual Life Insurance Co. for industrial space in the Gateway East Business Center. The property, the 294,940-square-foot Building II, is located at 4009 Distribution Drive in Garland. The tenant will move into the new space in early May. Stream Realty Partners' Damian Rivera, Seth Koschak and Blake Kendrick represented the tenant. Chris Stout and Susan Singer of Bradford Commercial Real Estate Services represented the landlord.