CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has completed a 15,000-square-foot building and 17-acre land lease to Schneider National, which represents the largest land lease in Chicago to date this year. Schneider National is relocating from the suburbs to 3600 S. Kostner Ave. The 17-acre lot will serve as truck and trailer parking. Additional features of the building include 5,000 square feet of finished office product, 10 repair bays within the building and 19-foot clear-height ceilings. Rodger Chenore, Terence Lynch and Jeffrey Girling of Paine/Wetzel represented the landlord, Maersk INC; Mitch Adams and Sal Vitale of CB Richard Ellis represented the tenant in negotiations.
EL SEGUNDO, CALIF. — Los Angeles-based 2355 Utah Capital LLC has acquired a 41,617-square-foot industrial building in El Segundo for an undisclosed price. The property, which is located at 2355 Utah Ave., was 100 percent leased at the time of acquisition. The seller was Redlands, Calif.-based Copeland Properties. Sean O’Donnell and Jeff Smart of Grubb & Ellis’s LA South Bay office represented both parties in the transaction.
YUBA CITY, CALIF. — Matt Cologna, Bryce MacDonald and Kye Huff of Grubb & Ellis’ Sacramento, Calif., office represented the Sacramento-based Ahrens Family Trust in the disposition of a 16,000-square-foot industrial building in Yuba City. Yuba Sutter Gleaners Food Bank purchased the property for $1.1 million. The food bank is slated to occupy the property, which is located at 760 Stafford Way. Westside Realtor represented the buyer in the transaction.
HUNTINGTON BEACH, CALIF. — Unison, an electrical contracting company, has purchased a 6,030-square-foot industrial property for approximately $1.3 million in Huntington Beach. Located at 16632 Gemini Ln., the property offers excellent access to the 405 Freeway. Mike Barreiro of DAUM Commercial Real Estate Services represented the buyer; Fred Spitzkeit of Ashwill Associates represented the seller, Gothard Business Center LLC, in the transaction.
IRVINE, CALIF. — Lifted Research Group Inc., a men’s urban clothing company, has signed a 5-year lease for a 90,975-square-foot industrial property in Irvine. The property is located within the Irvine Spectrum at 9600 Toledo Way. The transaction was valued at $3.9 million. Michael Hartel and Kevin Turner of Voit Commercial Brokerage represented the lessor, CWV Commercial Properties, in the transaction; Ryan Harman of Lee & Associates represented the lessee.
COLUMBIA, S.C. — Keith Moore and Ben Brantley of CB Richard Ellis’ Columbia office have brokered Dovetail Development’s purchase of 132 acres from an undisclosed seller for $2.88 million. The acreage, located on Shop Road in Columbia, will be the site of Shop Grove Commerce Park. The 75-acre initial phase of the industrial facility will break ground early next year.
PLAINFIELD, IND. — Lauth has closed on the Tax Increment Financing Bonds to begin Phase I infrastructure work at Westpoint Business Park, which will be located at Interstate 70 and State Road 39 in the Plainfield submarket of Indianapolis. Upon completion, the business park will feature up to ten Class A distribution buildings totaling more than 7 million square feet, ranking as one of the largest distribution/logistics parks in Indiana. Situated on 555 acres, buildings will range in size from 500,000 square feet to 1.4 million square feet. Next month, Lauth will begin on approximately $5 million in infrastructure improvements at the Westpoint Business Park site. Work will include construction of new roads, mitigation of wetlands and installation of utilities, while the Hendricks County Regional Sewer District will install a sanitary sewer connection to the Monrovia Treatment Plant and begin construction of a lift station to service the area. Infrastructure improvements are expected to be complete by the end of this year.
JACKSON TOWNSHIP, PA. — First Industrial Realty Trust has acquired 232 acres of industrial land, located at the intersection of Commerce Drive and Hidden Lane in Jackson Township, for $15 million. The company plans to develop a 1.1 million-square-foot manufacturing and distribution center for Church & Dwight Co. on the property. Construction is scheduled to begin this month, with completion expected by the end of 2009. First Industrial, which was represented by CB Richard Ellis, acquired the property from Jackson Holdings LLC, which was represented by ROCK Commercial Real Estate.
FORT VALLEY, GA. — Art Barry of Macon, Ga.-based Coldwell Banker Commercial Eberhardt & Barry has brokered JFS Properties’ sale of the 350,000-square-foot former Dan River Textile facility to Fort Valley-based Blue Bird Body Co. for $1.56 million. Located on Highway 341 in Fort Valley, the facility will house Bluebird’s school bus parts fabrication operation, creating several hundred new jobs. The company plans on improving the buildings, with an expected production date of next January.
HIALEAH, FLA. — Hauppauge, N.Y.-based Innovative Stone, a global supplier of natural stone for commercial and residential uses, has leased a 103,000-square-foot warehouse, located at 725 S.E. 9th Ct. in Hialeah, from Boston-based AEW. Americas Realty represented the landlord, and Edward Redlich, Christopher Spear and Gian Carlo Alonso of ComReal Miami represented Innovative Stone. Further terms of the loan were not announced.