WOODSTOCK, ILL. — Chicago-based Paine/Wetzel • ONCOR International has completed the sale of a 15,000-square-foot industrial building in Woodstock. The property is situated on a 1.2-acre site at 1991 Duncan Place. The buyer, Ortho Molecular Products, plans to convert the facility into a corporate office building. As part of the transaction, Ortho has the option to purchase an adjoining 1.2-acre site. G. Pat Ryan of Paine/Wetzel represented the seller, RK LLC. Mike Adams of Colliers Bennett & Kahnweiler represented Ortho.
RIVERWOODS, ILL. — Podolsky Northstar / CORFAC International has brokered the acquisition of a truck terminal in Riverwoods on behalf of Quincy, Ill.-based Gully Truck Leasing. The terminal includes a 7,823-square-foot truck terminal situated on approximately 3 acres as well as a 4.5-acre undeveloped land parcel for future expansion. Gully plans to use the facility to expand its operations into the Chicago metro area. It currently has terminals in Quincy, St. Louis and Kansas City. Corey Chase of Podolsky Northstar represented Gully. Rick Daly of Darwin Realty & Development Corp. represented the seller, BMW Venture LLC.
WEST DEPTFORD, N.J. — Jackson Cross Partners / ONCOR International (JCP) has completed the acquisition of a 107,200-square-foot industrial property located at 1230 Forest Ave. in West Deptford. The buyer, Englewood Tire Distributors, plans to renovate the facility before using it as a distribution center for the Southern New Jersey, Eastern Pennsylvania and Delaware markets. JCP's Harry McKenna, Jim Young and Lou Battagliese represented Englewood Tire Distributors in the transaction. The seller was Goya Foods.
OKLAHOMA CITY — Oklahoma City-based Sperry Van Ness – William T. Strange & Associates (SVN) has completed the sale of the AT&T Warehouse located in Oklahoma City for $3.7 million. Located at 607 N. Miller Blvd., the warehouse totals 125,000 square feet and has been occupied solely by AT&T for more than 12 years. Brett Price and Tim Strange of SVN negotiated the deal between the buyer, a California-based investment group, and the seller, locally based Bell Investments.
JOLIET, ILL. — Atlanta-based IDI has leased 202,356 square feet of industrial space within Rock Run Business Park in Joliet to Menlo Worldwide Logistics. Menlo will use the space, located within Building 8, on behalf of Caterpillar. John Suerth of CB Richard Ellis and Steve Shields of Transportation Property Co. represented Menlo in lease negotiations. Rock Run Business Park is situated approximately 1 mile from the intersection of interstates 55 and 80. It totals 387 acres and contains 12 buildings with 3.5 million square feet of industrial space. Other tenants at the park include Mack Trucks, PETCO Animal Supplies, Tyco Healthcare, Unisource and Madison Warehouse Corp.
ADDISON AND HANOVER PARK, ILL. — Elmhurst, Ill.-based Darwin Realty & Development Corp. has completed two Chicagoland industrial deals. In the first transaction, Darwin brokered the sale of a 17,000-square-foot building located at 230 Lombard Rd. in Addison. The property features 18-foot clear ceiling heights, three exterior docks and approximately 1,700 square feet of office space. Darwin’s Noel Liston represented the seller, Panattoni Development Co. Sean Henrick of Cushman & Wakefield represented the buyer, Gourmet Express. In the second transaction. Liston and Matt Lewandowski, also of Darwin, represented the landlord in the leasing of 64,000 square feet at 4150 Chandler Dr. in Hanover Park. The tenant, Clarke Packing & Crating Co., was represented by George Pappas of Hartford Associates. The landlord was CenterPoint Properties. The building is situated within Mallard Lakes Business Park. It features 24-foot clear ceiling heights, four interior docks, one drive-in door and 4,700 square feet of office space.
TAUNTON AND WOOSTER, MASS. — Salt Lake City-based SilverLeaf Financial has purchased two commercial loans with a value of $3 million. The first loan totals $2.3 million and is secured by a 452,000-square-foot office and industrial flex building situated on approximately 40 acres in Taunton. The second loan totals $700,000 and is secured by an approximately 40,000-square-foot flex property located in Wooster. Details of the transactions were not disclosed.
ARLINGTON, TEXAS — Henry S. Miller Brokerage (HSMB) has negotiated the sale of a 20,000-square-foot flex building located in Arlington. Situated at 610 Magic Mile, the Class B property contains 10,000 square feet of warehouse space and 10,000 square feet of office and production space. Jim Hazard and Brett Heinen of HSMB represented the seller, New York-based Blumberg Excelsior. The buyer was North Richland Hills, Texas-based Pharmacy Concepts. The purchase price was not released.
HOUSTON — NAI Houston has arranged two leases in Houston. In the first transaction, First Call Field Service signed a lease for a 20,000-square-foot industrial building located within Northwest Green Business Park at 5123 Hiltonview Rd. The tenant was represented by Travis Land of NAI Houston. John Ferruzzo, also of NAI, represented the landlord, Capital Commercial Investments. In the second transaction, Dynamic Offshore Resources subleased 49,314 square feet of office space at 1301 McKinney St. from StatoilHydro. Josh Cheatham and Dan Boyles of NAI Houston represented the subtenant. Joe Peddie and Kevin Snodgrass of Cushman & Wakefield represented the sublessor.
CYPRESS, CALIF. — Secaucus, N.J.-based Empire Warehouse & Distribution has signed a 5-year lease for 235,000 square feet of industrial space at 6550 Katella Ave. in Cypress. The company plans to occupy the facility in October. The lease is valued at more than $6 million. David Bales and Don Smith of Lee & Associates represented the tenant; Cushman & Wakefield represented the landlord, Colony Partners, in the transaction.