TEMPE, ARIZ. — Roosevelt LLC, a Tucson, Ariz.-based partnership led by Arizona Restaurant Supply, has purchased an industrial facility, which is located at 3116 S. Roosevelt St. in Tempe, for $1.45 million. The seller was Phoenix-based DA-RO Investments LLC. Arizona Restaurant Supply, Stainless Concepts LLC and Scottsdale Restaurant Supply will utilize the property. Mark Detmer and Bo Mills of Cushman & Wakefield of Arizona Inc. represented the buyer; Jeff Woudenberg of Ross Brown Partners represented the seller in the transaction.
CONWAY, ARK. — Houston-based Southwestern Energy Co. will break ground on a 100,000-square-foot facility to process Fayetteville Shale early next year. The property, which will be operational by the middle of 2010, is located at TND Partners’ Village at Hendrix in Conway. Southwestern will initially employ 220 workers at the facility with an aim to increase the workforce to more than 400 people.
FREMONT, CALIF. — Overton Moore Properties (OMP), through its investment vehicle OMP Industrial III, has acquired a 506,940-square-foot industrial/research & development building in Fremont. Located at 901 Page Ave., the complex consists of manufacturing, warehouse, labs and office/work space. Additionally, the complex features 21 kVA utility service, 100 percent air-conditioned facilities, epoxy-coated ESD concrete slab floors, overhead power distribution bars in the manufacturing area, emergency power, 25 to 28-foot clear heights, fully calculated and ESFR sprinkler systems. Eric Fox of CPS CORFAC International and Peter Castleton of Voit Commercial Brokerage, a CORFAC International affiliate, represented the buyer. The seller was Hewlett-Packard Company. The value of the transaction was not disclosed.
NORCROSS, GA. — DPR Construction has completed a 45,000-square-foot manufacturing facility for Atlanta-based Suniva. Located in Norcross, the space will be used to produce solar cells and features high-purity water systems, chemical delivery systems and a chemical bunker. The property encompasses 30,000 square feet of industrial space and 15,000 square feet of office space. Rob Noma of the architecture firm Perkins+Will designed the project, which took 16 weeks to complete.
NEW LENOX, ILL. — Chicago-based HSA Commercial Real Estate has purchased an approximately 8.9-acre parcel of land located at 2501 W. Haven Ave. in New Lenox. The company plans to develop a 127,400-square-foot industrial facility, which will be named the New Lenox Commerce Center. The project will be aimed at smaller users, with units starting at 23,000 square feet. HSA will finalize development plans and begin the permit process this winter, with construction expected to begin in the spring. In the search process and acquisition negotiations, HSA was represented in-house by Tim Thompson of the company’s industrial brokerage division. Laurence Lewis of CCS Inc. represented the undisclosed seller in the transaction. The acquisition price was not disclosed.
MISHAWAKA, IND. — The Chicago downtown office of Marcus & Millichap has arranged the sale of a 78,000-square-foot industrial facility located at 520 S. Byrkit in Mishawaka. A limited liability company has sold the building to an undisclosed partnership for $2.5 million. The facility is fully leased to Actuant for a 7-year term, with a rent increase after 5 years. John Abuja and Raymond Sansonetti of Marcus & Millichap represented both the buyer and seller in the transaction.
PHOENIXVILLE, PA. — GVA Smith Mack has brokered the sale of a 35,000-square-foot industrial building located at 500 Schell Lane in Phoenixville. Neil Shupak and Justin Bell of GVA represented the seller, AWC Properties, which is run by the principals of Allied Wire & Cable, the building’s tenant for the past 6 years. Leonard Redeyoff of CB Richard Ellis represented the buyer, Innovative Print & Media Group, which will use the facility to consolidate its administration and distribution departments. The acquisition price was not disclosed.
NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has arranged the sale of a 5,000-square-foot warehouse, located at 1051 Wyckoff Ave. in the Ridgewood neighborhood of Queens, New York City, for $1.22 million. The property features 18-foot clear ceiling heights, heavy power capability and two drive-in doors. The buyer was Richard Kostelanetz, who plans to use the property as an artist’s studio for printing, publishing and storage. The buyer was represented by KDA’s Jean Cook. The seller, B.M.D. Sportswear, was represented by Dmitri Gourianov, also of KDA.
FRANKLIN, WIS. — Colliers Barry has brokered the $6.8 million sale/leaseback of a multi-tenant industrial facility located at 4659 W. Basswood Dr. in Franklin. The 126,000-square-foot facility is situated within the Franklin Business Park. CR Franklin LLC has purchased the fully-leased building from Yellow Rose Enterprises. The seller plans to invest the proceeds from the sale into its business operations. Kevin Barry of Colliers Barry represented Yellow Rose Enterprises in the transaction.
HOUSTON — Houston-based Live Oak Capital has arranged an approximately $8.5 million, fixed-rate loan for the refinancing of Central City, a 66-acre industrial park located at 5301 Polk St. in Houston. The multi-tenant property comprises 20 buildings ranging in size from 5,000 to 138,000 square feet. The park totals approximately 1 million square feet and was 92 percent occupied at the time of closing. Rob LaRue of Live Oak arranged the financing between the borrower, locally based Pelec Central City, Ltd., and the borrower, Ohio National Life Insurance Co.