TROY, MICH. — Forbes/Frankel Troy Ventures recently acquired the former Kmart headquarters in Troy. Situated on 40 acres at the corner of Big Beaver and Coolidge Highway, the property offers approximately 906,000 square feet of space. Robert Mahoney and David Long of CB Richard Ellis represented the seller, Diamond Troy JV, in the transaction. The acquisition price was not disclosed.
Industrial
TROY, MICH. — Forbes/Frankel Troy Ventures recently acquired the former Kmart headquarters in Troy. Situated on 40 acres at the corner of Big Beaver and Coolidge Highway, the property offers approximately 906,000 square feet of space. Robert Mahoney and David Long of CB Richard Ellis represented the seller, Diamond Troy JV, in the transaction. The acquisition price was not disclosed.
CHICAGO — Metal fabricator 4800 S. Hoyne Corp. has purchased a 137,688-square-foot crane facility in Chicago. Located at 2310 W. 58th St., the property sold for an undisclosed price. Matt Rogatz of Chicago Industrial Real Estate represented the buyer; Mark Nelson, Mike Nelson and Ed Wabick of Paine/Wetzel • ONCOR International represented the seller, Great Western Realty, in the transaction. The acquisition price was not disclosed.
CHICAGO — Metal fabricator 4800 S. Hoyne Corp. has purchased a 137,688-square-foot crane facility in Chicago. Located at 2310 W. 58th St., the property sold for an undisclosed price. Matt Rogatz of Chicago Industrial Real Estate represented the buyer; Mark Nelson, Mike Nelson and Ed Wabick of Paine/Wetzel • ONCOR International represented the seller, Great Western Realty, in the transaction. The acquisition price was not disclosed.
ST. LOUIS — Net Lease Holdings has acquired an industrial space in St. Louis in a $2.72 million sale-leaseback transaction. STL Craigshire sold the 36,561-square-foot industrial space, which is located at 1940 Craigshire Road. Vernon Martens and Faith Martens of Grubb & Ellis|Gundaker Commercial, along with Colliers Turley Martin Tucker, represented the seller in the transaction.
ST. LOUIS — Net Lease Holdings has acquired an industrial space in St. Louis in a $2.72 million sale-leaseback transaction. STL Craigshire sold the 36,561-square-foot industrial space, which is located at 1940 Craigshire Road. Vernon Martens and Faith Martens of Grubb & Ellis|Gundaker Commercial, along with Colliers Turley Martin Tucker, represented the seller in the transaction.
PORT WENTWORTH, GA. — Savannah, Ga.-based developer Wrenn Blalock has sold a 400,000-square-foot distribution building to Duke Realty Corp. for an undisclosed amount. The property is located near the Port of Savannah at 602 Expansion Blvd. in Port Wentworth. NLS Real Estate Holdings fully leases the space.
TALLMADGE, OHIO — Wave Lighting has leased a 34,000-square-foot industrial space in Tallmadge. The company plans to use the facility, which is located at 235 Northeast Ave., for offices, warehousing and light assembly. Jeff Davis and Tom Fox of NAI Cummins brokered the transaction of behalf of both parties.
SHELBY TOWNSHIP, MICH. — Hi-Tech Furnace, a manufacturer in the aerospace industry, has purchased a 10,464-square-foot building, which is located at 13179 W. Star in Shelby Township. Joe DePonio and Jason Capitani of L. Mason Capitani represented the seller, UPS Capital, in the transaction.
MACON, GA. — HD Supply Plumbing f/k/a Hughes Plumbing & Supply LTD has sold its plumbing materials warehouse to Macon Area Habitat for Humanity for an undisclosed amount. The 53,686-square-foot property is located on 4.5 acres at 690 Holt Ave. in Macon. Art Barry of Coldwell Banker Commercial Eberhardt & Barry in Macon and Rick Vaughn of the Atlanta office of Colliers Spectrum represented the seller.