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.
Industrial
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.
BRANFORD, CONN. — Branford,-based The Geenty Group, Realtors, has brokered the sale of a 10,000-square-foot warehouse located at 140 N. Branford Road in Branford for $800,000. Kristin Geenty and Kevin Geenty of The Geenty Group represented the buyer, Vigliotti Construction Co., as well as the seller, GHM, Inc. The buyer plans to renovate the facility and relocate its corporate offices to it.
MIRA LOMA, CALIF. — Marcus & Millichap has brokered the $4.2 million sale of Freeway Commerce Center, an 11-unit industrial park located in Mira Loma. Built in 2009 to condominium specifications, the property was vacant at the time of sale with nine built-out units and two other units in shell condition. Marcus & Millichap’s Michael Lawrence and Stewart Weston represented the seller, a financial institution, in the REO transaction, and Lawrence also represented the buyer, an Orange County-based limited partnership.
DELRAY BEACH, FLA. — SIKON Construction of Deerfield Beach, Fla., will soon start work on a 13,800-square-foot distribution center for Blue Bell Creameries. The property will be located at the interchange of West Atlantic Avenue and U.S. 441 in Delray Beach. Birmingham, Ala.-based Gresham, Smith and Partners designed the facility. Delivery is expected at the end of 2010.
CHESTERFIELD, MO. — The Painters Union District Council has purchased a 78,000-square-foot manufacturing building in Chesterfield for an undisclosed price. Situated on 10.24 acres at 18036 Eads, the property features 20-foot clear ceiling heights, 12 docks and four drive-in doors. The buyer plans to use the property as a training facility. John Langa of Jones Lang LaSalle and Heather Evans of Reisch Haley co-listed the property. Block Hawley represented the buyer. The seller was Findlay Industries.
CLEVELAND — Ardent Products Corp. has acquired a 23,524-square-foot warehouse facility, which is located at 6401 MidTown Commerce Park Dr. in Cleveland. The 2.17-acre property sold for an undisclosed price. Tom Gustafson and Kevin Riley of Colliers represented the buyer; Scott Garson of NAI Daus represented the seller, Hill Floral Products, in the transaction.
DENVER — Through its Cobalt Industrial REIT II affiliate, Cobalt Capital Partners L.P. has acquired a 500,000-square-foot, three-building portfolio in Denver. Located within the city’s airport submarket and 100 percent leased to 12 tenants, the buildings are infill, light-industrial properties built between 1978 and 1996. CB Richard Ellis’ James Bolt represented the undisclosed seller in the transaction.