SMYRNA, TENN. — Swanson Developments of Murfreesboro, Tenn., has purchased a 126,000-square-foot warehouse from a Japanese corporation for an undisclosed amount. The property is located across the street from a Nissan plant at 611 Enon Springs Rd. in Smyrna.
CHARLOTTE, N.C. — Irvine, Calif.-based Quality Custom Distribution Services has leased 60,000 square feet of warehouse space from an undisclosed landlord. The property is located in the Gateway Distribution Center in Charlotte. QCDS was represented by Rob Speir of Charlotte-based Keystone Partners and John Simmons of Medford, Mass.-based Corporate Realty Advisors. Charlotte-based Clarus Properties’ Lawrence Shaw represented the landlord.
ROCHESTER HILLS, MICH. — CB Richard Ellis (CBRE) has brokered a 17,235-square-foot industrial lease at 2667 Product Dr. in Rochester Hills. Active Tools USA will occupy the space and plans to use it for engineering product design and testing. Gene Agnone and Lauren Scarpace of CBRE's Detroit office represented the tenant in lease negotiations. The landlord is Product Drive Company LLC.
MADISON HEIGHTS AND WARREN, MICH. — L. Mason Capitani/CORFAC International (LMC) has negotiated two Michigan industrial leases. In the first transaction, Advanced Communications signed a lease for 13,587 square feet at 29815 John R Rd. in Madison Heights. Michael Grammatico and Garry Rogers of LMC represented the undisclosed landlord. In addition, Loadstar Removal Corp. signed a lease for an 11,200-square-foot building at 21986 Schmeman Ave. in Warren. Grammatico and Tom Jablonski, also of LMC, represented the tenant. The landlord was not disclosed.
MONROE, CONN. — Mikron Corp. has disposed of its 15,000-square-foot flex facility located in Monroe. The building is situated on 4.9 acres at 600 Pepper St. It was acquired by Fred George, who plans to consolidate the operations of his company, Accutrol Co., into the building. It will house the company's sales and service departments as well as a separate manufacturing area. Mikron Corp. will be relocating to a new facility in Monroe at 200 Main St. Bruce Wettenstein of Vidal/Wettenstein represented the buyer in the transaction. The acquisition price was not disclosed.
WILMER, TEXAS — US Industrial REIT II, an affiliate of USAA Real Estate Co., has completed a lease for 286,000 square feet at I-45 Tradeport I, a distribution facility the company owns in Wilbur. The 520,000-square-foot building is situated at 101 Sunridge Blvd.; in features cross docking, 47 dock doors, 44 trailer positions with room for expansion and 140 truck courts. Gary Collett, Dan Cook, Mark Becker and Ashley Pope of Cushman & Wakefield represented USAA in lease negotiations. The tenant and the terms of the lease were not disclosed.
ESCONDIDO, CALIF. — BMT Scientific Marine Services has signed a 24,500-square-foot warehouse lease with 955 Borra Place LLC in Escondido. The firm leased the space, which is located at 955 Borra Place, for 120 months. BMT will occupy 72 percent of the fully leased building. Greg Pieratt and Tom Blackmore of Lee & Associates’ Carlsbad, Calif., office represented the tenant.
ROMEOVILLE, ILL. — Meridian Design Build has completed construction for Bluff Point III Distribution Facility, located within Bluff Point Business Park in Romeoville. The building, which is situated at the intersection of Joliet and Bluff roads, totals 506,800 square feet. It features 30-foot clear ceiling heights, with the capability for up to 168 exterior docks and four drive-in doors. The developer of the project, as well as the rest of Bluff Point Business Park, is Land & Lakes Development Co. The project architect for Bluff Point III was Harris Architects.
ALSIP, ILL. — Labriola Baking Co. has signed a long-term lease that will expand and relocate its headquarters to Alsip. The bread maker now occupies 177,500 square feet at 3701 W. 128th Place. Its previous location, also in Alsip, was at 5324 W. 123rd Place. Larry Johnson of CB Richard Ellis represented Labriola in lease negotiations. Brad Weiner, George Maragos and Steve Livaditis, all of CB Richard Ellis, represented the landlord, Madison Partners Realty. Terms of the lease were not disclosed.
LEWISVILLE, TEXAS — PCCP LLC has acquired 121 Lakepointe Crossing, a three-building, 1.2 million-square-foot industrial property located in Lewisville, for $29.9 million. PCCP acquired the Class A asset from Opus West through the U.S. Bankruptcy Court. The property is currently 65 percent leased to four tenants. The acquisition was made on behalf of California Smart Growth Fund IV, PCCP's $746 million investment fund.