BIRMINGHAM, ALA., AND VALDOSTA, GA. — Oak Brook, Ill.-based Inland Real Estate Acquisitions has purchased two 657,000-square-foot distribution centers from The Home Depot for $59 million in a sale/leaseback agreement. The Home Depot will lease the buildings for 18 years. The Rapid Deployment Centers, located in Birmingham and Valdosta, each feature 32-foot ceilings and 239 dock doors.
AURORA, ILL. — US Industrial REIT II has purchased the Cinram Distribution Center within the 660-acre Meridian Business Campus, which is located adjacent to a Burlington Northern & Santa Fe railroad line in Aurora. Canada-based Cinram Distribution LLC sold the 595,000-square-foot, state-of-the-art distribution center for an undisclosed amount. The REIT also purchased 11.7 acres of land adjacent to the building. US Industrial REIT II, which is owned by affiliates of USAA Real Estate Co. and other investors, invests in high quality bulk distribution properties located in major markets throughout the United States.
BOLINGBROOK, ILL. — Morgan/Harbour Construction has completed Crossroad Lakes Building I, a 270,000-square-foot warehouse/distribution facility located at 771 Crossroads Pkwy. in Bolingbrook. The multi-tenant facility, which is situated within Crossroad Lakes business park, was completed on behalf of Corum Real Estate. The state-of-the-art building includes 30-foot clear ceiling heights and 41 docks. Ben Warriner and Jay Mumm of Woodridge, Ill.-based Morgan/Harbour oversaw the construction of the project. Harris Architects provided design services. The estimated cost of completing the facility was not disclosed.
FRANKLIN TOWNSHIP AND ROCKAWAY, N.J. — Baker Properties has acquired a two-property, Class A industrial portfolio located in northern New Jersey. The two properties include 500 Memorial Drive, a 148,598-square-foot warehouse situated on 11.38 acres in Franklin Township; and 400 Commons Way, an 83,028-square-foot high-tech/flex building situated on 15.6 acres in Rockaway. Both properties were fully occupied at the time of closing. The portfolio was sold by RREEF, in a transaction arranged by Cushman & Wakefield of New Jersey. The acquisition price was not disclosed.
HAUPPAUGE, N.Y. — Rechler Equity Partners has leased a 104,000-square-foot industrial property, located at 85 Nicon Ct. in Hauppauge, to Global Freight Management (GFM). The new facility will be used by GFM to consolidate its Huntington, N.Y., and Hauppauge operations. Rechler Equity’s Harry Stavro represented building ownership in the lease transaction. Mario Asaro of United Realty represented GFM. Terms of the lease were not disclosed.
CHICAGO — Summit Design + Build has completed the Halsted Pershing Business Center located on a 6.6-acre site at the corner of Halsted Street and Pershing Road in Chicago’s Stockyard Industrial Park. Dayton Street Partners is the owner and developer of the 104,000-square-foot speculative industrial/manufacturing center. The single-story, steel and pre-cast building, which can house up to six tenants, includes 30-foot clear ceiling heights, four drive-in doors, eight exterior docks and parking for 75 cars. Cornerstone Architects provided design services; Michael Senner of Colliers Bennett & Kahnweiler is the marketing agent for the property. The estimated cost of completion was not disclosed.
IRVING, TEXAS — UGL Equis has brokered the sale of a 68,000-square-foot manufacturing/warehouse facility located at 6020 Colwell Blvd. in the Las Colinas submarket of Irving. The Class B property contains 24-foot clear ceiling heights, five docks and 13,868 square feet of office space. It was acquired by Xochitl, a manufacturer and distributor of snack foods, which plans to use the facility to consolidate and expand its Dallas headquarters operations. The company presently occupies approximately 2,000 square feet of office space at 17304 Preston Road in Dallas, with its manufacturing and warehousing facilities spread throughout the Dallas/Fort Worth Metroplex. Todd Phillips of UGL Equis’ Dallas office represented Xochitl. The seller, Nirtag, U.S., Inc., was represented by Bob Hagewood and Blake Kendrick of Stream Realty Partners. The acquisition price was not disclosed.
JACKSONVILLE, FLA. — Trammell Crow Co. and ING Clarion have finished construction of a 260,000-square-foot parts distribution facility for Volkswagen Group of America. The property, located in the Perimeter West Industrial Park in Jacksonville, will service 118 dealers throughout the Southeast. The warehouse features 30-foot ceiling heights, a 45,000-square-foot parts mezzanine and 10,000 square feet of office space. Volkswagen has leased the facility on a 15-year term.
ANDERSON, IND. — Tom Willey and Kurt Mathewson of Coldwell Banker Commercial Realty Services of Indianapolis have completed the sale of a 240,795-square-foot industrial facility located at 2900 Scatterfield Rd. in Anderson. The building, which is situated on an approximately 22.3-acre site, was purchased by Hy-Tech Machining Systems. Anderson Redevelopment Commission sold the property for an undisclosed amount.
BOLINGBROOK, ILL — Bannockburn, Ill.-based Principle Construction Corp. has completed the build-out of Scrip Cos. new warehouse and office facility located at 360 Veterans Pkwy. in Bolingbrook. The 140,000-square-foot building includes 30-foot clear ceiling heights and 10 loading docks. Developer Seefried Properties selected Principle Construction Corp. as the builder for the project. Interwork Architects designed the facility. The estimated cost of completing the project was not disclosed.