ROGERS, MINN. — CB Richard Ellis Realty Trust has acquired a 335,400-square-foot, Class A warehouse, located at 13201 Wilfred Lane in Rogers. The facility is currently leased to Walgreens as one of the company’s distribution centers. Constructed in 1999, the building was renovated in 2008 to accommodate Walgreens’ package conveyor system; an air conditioning system was also installed in approximately 43,000 square feet of the warehouse. Walgreens is leasing the building through 2018. The property contains expansion capability up to an additional 75,000 square feet. It is situated within Diamond Lake Park, which currently has a 94 percent occupancy rate. The acquisition price and the seller were not disclosed.
ASHBURN, VA. — Glasstech has signed a lease with Merritt Properties for 20,747 square feet of warehouse and office space in Ashburn. The property is located at 44601 Guilford Drive. Steve Shaw and Keith Wallace served as in-house representation for Merritt Properties.
BOLINGBROOK, ILL. — Morgan/Harbour Construction Co. has completed the corporate headquarters for Saratoga Food Specialists in Bolingbrook. The manufacturer of spices and food flavorings is relocating to the 150,249-square-foot space, which is located at 771 W. Crossroads Pkwy., and consolidating from several existing area locations. The project features 20,000 square feet of offices, R&D space, locker-room facilities, and a common dining and kitchen area. The warehouse component features 30-foot clear ceiling heights and 25 loading docks. The tenant space is part of Crossroads I, a 269,662-square-foot multi-tenant building developed by Corum Real Estate Group.
ADDISON, ILL. — Whit Heitman and Samuel Badger Jr. of Paine/Wetzel•ONCOR International have negotiated an industrial sale on behalf of Earth Friendly Products, which has purchased a 100,000-square-foot facility located at 111 S. Rohlwing Rd. in Addison. The buyer, which specializes in developing and producing earth-friendly cleaning supplies, acquired the property to serve as its warehouse/distribution facility. John Gazzola of Entre Commercial Realty represented the seller, Minutemen International.
SECAUCUS, N.J. — The Capital Markets Debt & Equity Group of CB Richard Ellis (CBRE) has secured $19 million for the refinancing of a 197,453-square-foot warehouse and office property located at 40 Hartz Way in Secaucus. The facility, which was originally constructed in 1973, has undergone significant renovations to accommodate its present anchor tenant, Major League Baseball’s MLB Network. The 142,000-square-foot space MLB Network occupies includes 24-foot clear ceilings, two broadcasting studios, 18 loading docks and broadcasting satellites. CBRE’s James Gunning and Donna Falzarano arranged the loan, which carries a 5-year term and a fixed interest rate. The borrower was Hartz Mountain Associates. The lender was a New England-based commercial bank.
NORTH LAS VEGAS, NEV. — RBS Investments has purchased a 14,600-square-foot industrial building, which is located at 3825 Losee Rd. in North Las Vegas. JD Las Vegas sold the property for $2.37 million. Xavier Wasiak of Grubb & Ellis represented the buyer; Dan Doherty, Patti Dillon and Ben Campbell of Colliers International – Las Vegas represented the seller in the transaction.
PHOENIX — Meridian Capital Group has arranged $7.5 million in permanent financing for an 188,000-square-foot, single-tenant industrial warehouse and manufacturing facility in Phoenix. Located at 7822 S. 46th St., the property is occupied by a company engaged in the aerospace industry. Alex Katz of Meridian Capital Group negotiated the fully non-recourse, 5.76 percent fixed-interest rate 5-year loan. The financer was American United Life Insurance Co.
HEBRON, KY. — BlueStar, a distributor of point-of-sale, wireless mobility and identification devices, has opened its new global headquarters, located in the Cincinnati suburb of Hebron. The new 150,000-square-foot facility is located at 3345 Point Pleasant Rd., 3 miles from Cincinnati/Northern Kentucky International Airport. The facility contains a large warehouse and distribution center with future expansion capability, as well as a state-of-the-art training center. The distribution center has a variety of sustainable features, including a recycling program and motion-sensor lighting.
ONTARIO, CALIF. — Hager Pacific Properties has leased a 108,703-square-foot office/industrial property, which is located at 2400 E. Francis St. in Ontario, to Kim Lighting, a division of South Carolina-based Hubbell Lighting Inc. The 5-year lease renewal was valued at $2.8 million. Kim Lighting plans to use the facility to manufacture high-performance, architecturally relevant, outdoor lighting solutions for commercial, industrial, residential and institutional clients.
MCCOOK, ILL. — Clarius Partners will break ground this month for Clarius Park McCook, a new industrial business park located at 9200 West 55th St. in McCook. The $28 million project comprises two Class A industrial facilities totaling 368,841 square feet. Building 1 will contain 201,431 square feet on a 9.4-acre site. The building includes 30-foot clear ceilings, 50-foot by 50-foot bay sizing and 60-foot speed bays. The building will be divisible to approximately 40,000 square feet. There will also be a 146-foot truck court, 20 trailer parking spaces, 24 dock positions, 2 drive-in-doors and 254 automobile parking spaces. Building 2 will be up to 167,500 square feet and will be on an 8.6-acre property. The company is marketing Building 2 on a build-to-suit basis and construction will commence upon securing a tenant. Construction for Building 1 begins this month and the project is scheduled for completion by the end of the year.