DANVILLE, ILL. — NorthPoint Capital has arranged an approximately $14.21 million loan for a 200,000-square-foot industrial building, located in Danville. The building was leased to Sygma Network, Inc., which has 14 years remaining on its primary lease. The loan carries a 14-year term with a 14-year amortization schedule. The interest rate is in the mid-6 percent range and the loan-to-value ratio is 82 percent. The financing was placed with an undisclosed correspondent lender. Paul Walschlager of NorthPoint Capital arranged the financing.
Industrial
ATTLEBORO, MASS. — An affiliate of First American Realty has acquired Building 12 and Building 5 in the Attleboro Corporate Campus in Attleboro for $5.27 million. Building 12 is a 213,000-square-foot facility and Building 5 totals 5,650 square feet. The buildings were purchased from Preferred Unlimited, Inc. Building 12 is a state-of-the-art three-story manufacturing building that serves as Sensata Technologies’s global manufacturing headquarters and is leased in its entirety to Sensata Technologies on a long-term basis. Building 5 is also leased on a long-term basis to The BOC Group, Inc. The Attleboro Corporate Campus is a 300-acre mixed-use office and industrial campus located just off Interstate 95.
FORT WORTH, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged the sale of an 8,600-square-foot flex building, located at 3312-3320 Dooling St. in Fort Worth. The building features office and warehouse space, and is situated on approximately 2 acres. The buyer, Superior Fuels & Lubricants, will be relocating its headquarters from its previous facility at 3200 North Sylvania, also in Fort Worth. Todd Hawpe of HSMB represented the buyer and the seller, RLM Real Estate. The acquisition price was not disclosed.
GREER, S.C. — Weil Brothers-Cotton has sold the 200,000-square-foot C&W warehouses to KIDCO for an undisclosed amount. The property is located at 560 Gilliam Rd. in Greer. Bentley Commercial/CORFAC International’s Laurens Nicholson and Richard Barrett represented the buyer. Brett Chambless of Chambless Partners represented the seller.
MIAMI — Quartin Limited Partnership has sold the 119,071-square-foot Tropical Paperbox warehouse to DAHRO for $6.4 million. DAHRO will use a portion of the property, located at 7000 N.W. 25th St. in Miami, as warehouse space and will lease the remainder. Jay Ziv of Colliers Abood Wood-Fay brokered the transaction.
CANTON, OHIO — NAI Cummins has arranged a lease for 47,260 square feet of industrial space, located at Prospect Business Center in Canton. NAI’s Bob Raskow, Harry Stewart and Tom Franjesh represented the landlord, Canton Ashcroft. The tenant, Profile Plastics, was represented by Don Bester of Tom Jackson Realty. The tenant is expanding from its previous location in Hartville, Ohio, and should be moved in by the end of the summer.
CENTRAL ISLIP, N.Y. — A 526,000-square-foot industrial building located at 199 Lowell Ave., in Central Islip has been sold. The building is a former grocery distribution center that is situated on approximately 45 acres. It had previously been occupied by Ocean Logistics before the company closed the location in a consolidation effort. Bob Gibson and Ed Jarosz of CB Richard Ellis/New England, along with Phil Heilpern, Martin Lomazow and David Zelinski of CB Richard Ellis’ Long Island, N.Y., office, represented Ocean Logistics in the termination of its lease agreement with San Francisco-based 10 Boulevard LLC, the seller of the property. The Silver Group represented 10 Boulevard LLC in the sale of the facility to Sysco Corp. The acquisition price was not disclosed.
HAYWARD, CALIF. — Jay Hagglund and Eddie Shuai from NAI BT Commercial Oakland along with Ted Carpenter of Carpenter Associates have represented Barbaria Commercial Properties LLC in the sale of a 65,287-square-foot light industrial/warehouse building. Located at 30680 Huntwood Ave. in Hayward., the property went for $3.5 million and the building was completely vacant at the time of the sale. The buyer, Jason Kim, dba Pinnacle Printing, will use the facility as its new printing headquarters.
MILWAUKEE — Milwaukee-based NAI MLG Commercial has completed four Wisconsin industrial sales. In the first transaction, David Stock sold a 12,000-square-foot property, located at 3206 Menasha Ave. in Manitowoc, to Factory Ride Off Road. NAI’s Brett Garceau and Curt Pitzen represented both parties. In Delafield, Creekside Builders sold a 11,490-square-foot property, located at 350 Austin Circle, to 5 Alarm Fire & Safety Equipment. NAI’s Stephen Provancher represented both parties. In Fond du Lac, K&S Acquisitions sold a 9,216-square-foot property, located at 62 N. Meadows Dr., to FQ Wholesale. NAI’s Ross Fuller represented the seller. Finally, Claudia and David Gehl sold a 6,400-square-foot property, located at 8634 W. Kaul Ave. in Milwaukee, to Four-Way LLC. Pitzen and Collin Schaible, also of NAI, represented both parties. The acquisition prices were not disclosed.
MILWAUKEE — The dedication has been held for a new urban park at The Brewery, local developer Joseph Zilber’s redevelopment of Milwaukee’s historic Pabst Brewery. The park is the first park designed specifically for an industrial neighborhood in the city. It will feature a 7-foot tall bronze statue of Joseph and Vera Zilber. Other features include a Gabion wall made of recycled steel; fractured granite boulders and crushed granite walking surfaces; and water and lighting fixtures that create a waterfall in the summer and an ice sculpture in the winter. A stormwater retention basin is located underneath the park, which was designed by landscape architecture firm D.I.R.T. studio.