MARYVILLE, TENN. — Ceramaspeed has sold a 140,260-square-foot distribution facility in Maryville to Blount County for $2.7 million. The county plans to house highway and school maintenance departments in the warehouse after Ceramaspeed moves out in April. Brian Tapp and Maribel Koella of NAI Knoxville represented the seller.
VIRGINIA BEACH, VA. — An entity of Palms Associates has sold a 45,926-square-foot industrial/flex building to the Norfolk Airport Authority for $5.6 million. The property is located adjacent to the Norfolk International Airport at 1429 Miller Store Rd. in Virginia Beach. R. Worth Remick, H. Ashton Williamson, III, and Blake Dozier of CB Richard Ellis’ Norfolk, Va., office represented the seller.
BENSENVILLE, ILL. — On behalf of developer Seefried Properties, Principle Construction Corp. has completed a 67,230-square-foot spec industrial building located at 371-375 Meyer Rd. in Bensenville. The distribution/warehouse facility, which is situated on an approximately 4.1-acre parcel, is 2 miles from the south cargo entrance of O’Hare International Airport. The precast building includes 28-foot clear ceiling heights, 26 loading docks, two drive-in doors, an ESFR sprinkler system and a parking area for 68 cars. Cornerstone Architects provided design services for the building. The estimated cost of completing the project was not disclosed.
SOUTH BRUNSWICK, N.J. — Construction is underway on a 583,376-square-foot distribution warehouse in South Brunswick, which is being built to Silver LEED specifications by an investment client of BlackRock. Environmentally friendly features include a roof made of heat-reflecting material, energy-efficient insulation, T-5 lighting, low-flow plumbing fixtures and paint with low Volatile Organic Compound content. The warehouse will include 108 dock doors and a minimum 36-foot ceiling height.
HAMILTON TOWNSHIP, N.J. — Yellow Roadway Co. has signed a 44,975-square-foot lease with Matrix Development Group for space in its warehouse at 15 Quakerbridge Dr. in Hamilton Township. The firm will use the warehouse as a truck terminal and for office space. The warehouse includes 40,000 square feet of industrial space and 4,100 square feet of office space.
PLANO, TEXAS — EaglePicher Medical Power LLC has leased 20,000 square feet of research and development space at Jupiter Service Center in East Plano. The company plans to employ 30 people, including 25 new hires for R&D and administrative positions. Located at 10009 Jupiter Rd., the property is slated to open in March. The center will include laboratories and equipment for testing and manufacturing lithium batteries. Kathy Permenter and Russ Johnson of Grubb & Ellis Co. represented the landlord, Dallas-based Kodiak Capital, in the transaction.
MOUNT HOLLY SPRINGS, PA. — Wolfe & Shearer Realtors (W&S) has completed the sale of an approximately 24,000-square-foot industrial property located at 100 Watts St. in Mount Holly Springs. The buyer, Skovira Fabrication & Machine Shop, plans to use the facility to expand its current operations. Bill Shearer and Gary Sausser of W&S represented both parties in the transaction. The seller was undisclosed.
FONTANA, CALIF. — ProLogis has leased 484,000 square feet of space at Kaiser Commerce Center in Fontana to an undisclosed third-party logistics provider. The 5.9 million-square-foot Kaiser Commerce Center is now fully occupied. A 265,000-square-foot portion of the lease will be located in a recently completed distribution building at the center. ProLogis completed a building extension in August 2008; the facility was originally constructed in 2002. Jim Koenig and Dave Consani from CB Richard Ellis represented ProLogis; Tim O’Rourke and Mike Fowler of Jones Lang LaSalle represented the tenant in the transaction.
IRVINE, CALIF. — IHOI Inc., an instant noodle and soup-base food manufacturer, has signed a 3-year lease for a 155,805-square-foot industrial building, which is located at 14524 Myford Rd. in Irvine. The tenant plans to use the facility to produce instant noodles and soup bases, and distribute the products to its local clients. Stephen Schloemer and James Min of Colliers International represented the lessee and the lessor, L&C USA, an affiliate of South Korea-based Hanwha, in the transaction.
MASCOUTAH AND BELLEVILLE, ILL. — BARBERMurphy Group has brokered the sale of a 100,000-square-foot industrial building located at 8265 State Route 4 in Mascoutah. Sunny Dale Land Trust has purchased the facility from TDW Investment Group for an undisclosed amount. BARBERMurphy Group represented both parties in the transaction. Additionally, TDW Investment Group has sold a 36-unit multifamily community located at 11-17 Kensington Heights Rd. in Belleville. The 25,200-square-foot property was acquired by Vollmer Realty Inc. for an undisclosed amount. BARBERMurphy Group represented TDW Investment Group in the disposition.
