CENTRALIA, ILL. — Swansea, Ill.-based The BARBERMurphy Group has brokered the sale of a 434,000-square-foot industrial building located at 2400 S. Wabash Ave. in Centralia. The buyer was Compliance Coals dba American Equipment & Machine, which is a division of Murray Energy Corp. The seller was AS & AG Enterprises. BARBERMurphy represented both parties in the transaction. The acquisition price was not disclosed.
CHICAGO — CB Richard Ellis (CBRE) has completed a lease for a 44,000-square-foot warehouse located in Chicago. Constructed in 1991, the facility is located at 5565 N. Lynch Ave. It features 18-foot clear ceiling heights, three interior loading docks, two drive-in doors and 52 car parking spaces. The tenant, Cuyahoga Falls, Ohio-based Alside Windows & Doors, will occupy the building for a 5-year term. Alside was represented by Jeff Heymann of Colliers Bennett & Kahnweiler and Brian Borkan of BKB Commercial. CBRE’s Brad Weiner and Mitch Adams represented the undisclosed landlord.
HOUSTON — The Houston office of Duke Realty Corp. has leased 79,740 square feet of warehouse/distribution space in Houston to RAM Chemical & Supply. The space is located within Westland I, a 262,800-square-foot industrial facility situated within Duke’s Westland Business Park. This most recent lease brings the building to full occupancy. Jim Thompson of Grubb & Ellis represented RAM Chemical in lease negotiations; Cory Driskill provided in-house representation on behalf of Duke. Terms of the lease were not disclosed. Westland I, which is located at 8323 N. Eldridge Pkwy., features 28-foot clear ceiling heights and 84 dock doors.
ARLINGTON AND PLANO, TEXAS — Atlanta-based IDI has leased space at two of its Dallas-area industrial parks. In Arlington, Trane signed a lease for 26,676 square feet at Arlington Commerce Center Building A. The company plans to use the facility for its southwestern distribution operations and will take occupancy in September. In Plano, Enterprise Mobile signed a lease for 22,089 square feet within Plano Business Park Building E. The company is relocating its operations from Rockwall, Texas, and will take occupancy in October. Cushman & Wakefield’s Gary Collett, William Gannon and Bob Sheehy represented Trane in lease negotiations. John Leinbaugh of IDI represented Enterprise Mobile and provided in-house representation for IDI in both transactions.
PHOENIX — Baer Brake Systems has signed a 10-year lease for 60,292 square feet of industrial space at 2222 W. Peoria Ave. in Phoenix. Baer plans to relocate its headquarters to the new facility, which features office and showroom space, a fenced yard, three loading docks and air conditioning. Mitch Stravitz of Colliers International’s Scottsdale, Ariz., office represented the tenant; Tom Semancik of Commercial Properties Inc. and Jim Ryder of Capital Realty Advisors represented the landlord, Presson Equity Partners, in the transaction.
EFFINGHAM, ILL. — NAI Global has arranged a lease renewal on behalf of Sherwin-Williams for its 1.22 million-square-foot regional distribution center in Effingham. The three-building complex is located at 711 W. Wabash Ave. The lease transaction was valued at more than $20 million, and it includes tenant improvement funds and economic incentives. Thomas Lynn of Dallas-based NAI Robert Lynn and David Branding of St. Louis-based NAI DESCO represented Sherwin-Williams in lease negotiations. The landlord is a private, out-of-state investor.
BURLINGTON, KY. — The Cincinnati office of Colliers Turley Martin Tucker (CTMT) has brokered the $1.5 million sale of a 131-acre land parcel located at the intersection of Limaburg Road and Lakeland Park Drive in Burlington. The site, which is near Cincinnati/Northern Kentucky International Airport, will be the future home of Lakeland Business Park. Jeff Bender of CTMT represented the seller, Lakeland Real Estate LLC. The buyer was Lakeland Farms LLC.
JERSEY CITY, N.J. — Strategic Storage Trust (SST) has acquired a U Store It self-storage property located in Jersey City for $11.62 million. Constructed in 1985, the property is situated on 2.2 acres at 69 Mallory Ave. It contains approximately 1,090 units and approximately 91,500 rentable square feet. The seller was not disclosed.
LAKE MARY, FLA. — Greenwood Properties has acquired a 58,910-square-foot industrial property from Roosevelt and Zsuzsa Rastegar for $3.41 million. The property is located at 650 Technology Park in Lake Mary. Robin Kesler of RE/MAX represented Greenwood Properties; David Murphy and Erik Schwetje of CB Richard Ellis’ Orlando, Fla., office represented the seller.
EAST LANSING, MICH. — Chicago-based Best Food Services Inc. has acquired a 50,486-square-foot industrial building, which is located at 5615 Enterprise Dr. within Midwest Industrial Park in East Lansing. The buyer, an Asian restaurant food and supply distributor, plans to use the warehouse/distribution facility to serve its Michigan clients. Blair Moore of CB Richard Ellis|Martin represented the buyer, Kuang M. Kwok of Best Food Services; Van Martin, also of CBRE|Martin, represented the seller, GTB Properties, in the transaction. The acquisition price was not disclosed.