JERICHO, N.Y. — The Long Island office of CB Richard Ellis (CBRE) has brokered the sale of a 172,000-square-foot industrial property, located at 200 Robbins Lane in Jericho, for $18 million. The single-story, multi-tenant property features 20-foot clear ceiling heights, drive-in loading docks and 11.76 acres of parking. Philip Heilpern, Richard Karson, Martin Lomazow and David Zelinski of CBRE represented the seller, 200 Rob LLC. The buyer, 200 Robbins Lane LLC, utilized in-house representation.
STEAD, NEV. — DP Partners is developing SL 546, a $15 million industrial facility located in Stead. Designed by BJG|Architecture + Engineering, the 546,000-square-foot property will feature a unique blend of various materials and shapes, including innovative concrete design. Completion is slated for this fall.
JACKSONVILLE, FLA. — Bryan Bartlett of Grubb and Ellis| Phoenix Realty Group has represented the owner in the sale of a 315,000-square-foot industrial building to Amalfi Capital Group for $6.65 million. The property is located at 1507 Industrial Blvd. in Jacksonville.
ARLINGTON HEIGHTS, ILL. — Chicago-based NAI Hiffman has brokered the sale of a flex building located at 545 Algonquin in Arlington Heights. The 111,355-square-foot facility was 80 percent leased at the time of closing, which reflected a recent expansion by anchor tenant Intertek. A private Chicago/Minneapolis-based investor has acquired the industrial property from ACG Management for an undisclosed amount. Art Burrows and John Bullen of NAI Hiffman’s Investment Services Group represented the seller in the transaction. The buyer negotiated the acquisition in-house.
MEMPHIS, TENN. — HSA Commercial Real Estate has acquired a 344,400-square-foot warehouse, located at 5321 Shelby Dr. in Memphis, from Crews Inc. in a sale-leaseback transaction. Since the building’s completion in 1986, Crews Inc. has occupied the property and will continue to operate from the facility. The seller was represented by NAI Saig Co.’s Hank Martin.
ORLANDO AND APOPKA, FLA. — San Antonio-based Noah’s Ark Development has commenced construction of two Noah’s Ark Self Storage stores totaling more than 170,000 square feet. Slated for completion in spring 2009, the 645-unit Noah’s Ark Balboa, located at the intersection of Apopka-Vineland Road and Balboa Drive in Orlando, will span 94,000 square feet. The 556-unit Noah’s Ark Rock Springs, located at 837 N. Park Ave. near Rock Springs Road in Apopka, encompasses more than 79,000 square feet and will deliver in early summer 2009. Both stores will feature climate-controlled units, digital video surveillance and glide roll-up doors.
OSCEOLA COUNTY, FLA. — Realvest Development has completed three buildings — one totaling 49,920 square feet and two smaller ones at 13,600 square feet and 11,600 square feet — at Poinciana CommerCenter West. The facility, located at U.S. 17-92 and Poinciana Parkway in Osceola County, features 20-foot ceilings, energy-efficient lighting and solar windows.
ST. PETERSBURG, FLA. — H.I.P. Paving has purchased a 31,796-square-foot two-building portfolio, located at 800 31st St. S and 650 34th St. S in St. Petersburg, from Cox Lumber Co. for $1.1 million. Scott Clendening of St. Petersburg-based Commercial Partners Realty represented the buyer.
KALAMAZOO AND KENTWOOD, MICH. — Grubb & Ellis|Paramount Commerce has brokered two Michigan industrial transactions totaling more than 187,000 square feet. In Kalamazoo, the brokerage firm arranged the sale of a 164,152-square-foot industrial facility located at 3303 E. Cork. The property, which formerly housed the Fabri-Kal Corp., was acquired by Lewis C. Howard Inc. for an undisclosed amount. Larry Norris of Michigan Real Estate Services represented the buyer; Jodi Milks and Jon Dilworth of Grubb & Ellis|Paramount Commerce represented the seller, Franklin Partners LLC, in the transaction. Additionally, the company’s Duke Suwyn and Steve Marcusse represented Custer Properties in the disposition of a 22,932-square-foot industrial facility located at 3676 Patterson Ave. SE in Kentwood. VanderWeide Properties LLC acquired the facility, which formerly housed Custer Office Environments. The acquisition price was not disclosed.
BLACKWOOD, N.J. — Marcus & Millichap has arranged the sale of South Jersey Storage, a 104-unit self-storage property located in Blackwood. Robert Gentile and Scott Lukash of the firm’s Philadelphia listed the property on behalf of the seller and procured the buyer. The property was more than 95 percent occupied at the time of closing. It traded at a price of $640,000.