WOODRIDGE, ILL. — Chicago-based HSA Commercial Real Estate has leased more than 72,000 square feet of industrial space within its recently developed Park 355 facility, which is located at 2145 Internationale Pkwy. in Woodridge. Trenton, N.J.-based Highway Distribution Systems has leased 57,525 square feet of space for warehousing and distribution. The tenant was represented by Ben Cremer and Michael Robbins of NAI Hiffman. Additionally, The Village of Woodridge has taken 14,480 square feet, which will be used as a warehouse for village equipment and maintenance operations. J.D. Salazar of Champion Realty Advisors represented the village in lease negotiations. The 254,000-square-foot building, which is now 80 percent occupied, is the first phase of the Park 355 development. Situated on a 33-acre site, the park will include another spec building or build-to-suit facility that will measure as much as 350,000 square feet in size. Chuck Canale of Colliers Bennett & Kahnweiler is the project’s leasing agent, and worked with Tim Thompson of HSA in negotiating the terms of the two leases.
NAUGATUCK, CONN. — R. Calabrese Agency (RCA) and Matthews Commercial Properties have arranged the sale of a 35,600-square-foot warehouse building, located at 91 Great Hill Rd. in Naugatuck, for $1.27 million. RCA’s Ralph Calabrese represented the seller, S.P. Skinner Co. The facility was previously occupied by Portmeirion USA. The company had expanded to a new facility in neighboring Waterbury in September, in a lease negotiated by RCA. S.P. Skinner then selected RCA to market the Great Hill Road facility for sale. The property was acquired by Pomeroy Enterprises, which was represented by Gerry Matthews of Matthews Commercial Properties. The buyer plans to undertake minor improvements before putting the property back on the market for sale. Matthews will represent the new owners in marketing the property.
HOUSTON — NAI Houston has brokered the sale of a 15,130-square-foot, speculative warehouse property located at 4549 Aldine Bender, within Interwood Business Park in Houston. John Ferruzzo and Travis Land of NAI Houston represented the seller, BRG Cornerstone Development & Construction. The property was acquired by 4549 Aldine Bender LLC. The acquisition price was not disclosed.
SAN JOSE, CALIF. — Equity Office Properties has completed the disposition of a 143,000-square-foot industrial facility, which is located at 350 E. Plumeria Dr. in San Jose. Newport Beach, Calif.-based KBS REIT II purchased the property for $35.7 million or $250 per square foot. Constructed in 1986, the 8-acre property underwent a $6 million renovation in 2008. At the time of acquisition, the property was 100 percent leased to NetGear Inc.
Las Vegas — LM Construction Company has completed the shell construction on Building #21 in Arrowhead Commerce Center in Las Vegas. Located at the southwest corner of Sandhill and Post roads, the 148,000-square-foot building features 61-foot truck aprons, 9- by 10-foot dock doors, grade-level ramps and cross-dock capabilities. Additionally, the new building is divisible to 15,681 square feet. The 110-acre Arrowhead Commerce Center now totals more than one million square feet. The center is being developed by Los Angeles-based EJM Development. RGA Architects provided architectural services for the project.
GREENVILLE, S.C. — ProLogis has signed leases with Total Warehousing Services and Innovative Food Technology for Greenville warehouse space totaling 90,000 square feet. Total Warehousing will occupy 60,000 square feet of space in the Augusta Distribution Center, located at the intersection of White Horse Road and Augusta Road. The warehouse will serve as the company’s regional packaging and distribution center. Innovative Food has signed a 30,000-square-foot lease at the White Horse Industrial Park near the intersection of White Horse Road and Interstate 85. Further details about the leases were not disclosed.
MIDDLEBURG HEIGHTS, OHIO — Harold Belkin, a West Coast-based entrepreneur, has acquired nine industrial facilities located at 6909 Engle Rd. and 17820-17830 Englewood Rd. in Middleburg Heights, Ohio. The properties, which are situated on two campuses, total approximately 300,000 square feet. The buildings were constructed between 1980 and 1996, and are currently 94 percent occupied. Elrad-Hadley Associates and Best Metals Properties sold the property for an undisclosed amount.
WEST LOS ANGELES, CALIF. — Mel Moss of NAI Capital represented a private charitable foundation in the acquisition of a 173,000-square-foot industrial facility located on approximately 10 acres in Southern California. The sale-leaseback transaction was valued at approximately $15 million.
CARLSBAD, CALIF. — Sunroad Enterprises, dba Sunroad Otay Partners LP, has purchased a 67,000-square-foot, fully improved research and development (R&D) facility in Carlsbad. Located at 5858 Dryden Pl., the property sold for $8.65 million. The building is currently occupied by Callaway Golf. The facility features 100-percent HVAC-served, above-standard power and a 3 to 1,000 parking ratio. Tucker Hohenstein and Greg Lewis of Cushman & Wakefield represented the buyer and the seller, IDS Real Estate, in the transaction.
COMMERCE, CALIF. — Mesa West Capital has provided The Magellan Group with a $25.6 million first mortgage loan for the recapitalization of Grace Place Industrial, a 500,795-square-foot industrial complex in Commerce. The fully leased facility features 30-foot clear heights and ample turning radius. The Magellan Group also received $5.75 million of subordinate mezzanine debt from Penwood Select Industrial Partners II LP, for a total debt of $31.35 million. Mesa West Capital and Penwood closed the transaction in 30 days. Brian Halpern and Ben Wagner of CB Richard Ellis Capital Markets arranged the financing.