Industrial

290,650-SQUARE-FOOT PHELAN LOGISTICS CENTER SELLS

by admin August 13, 2009

FONTANA, CALIF. — Bally Development has acquired Phelan Logistics Center, a 290,650-square-foot Class A industrial building located at 15889 Slover Ave. in Fontana. Bally plans to use the 12-acre property as its primary West Coast distribution center for Maxzone Auto Parts. The financial terms of the transaction were not disclosed. Joe Lin and Jeff Smith of Lee & Associates’ Ontario, Calif., office represented the buyer; Bill Heim and Eloy Covarrubias, also of Lee & Associates, represented the seller, Catawba JP/DF, in the deal.

August 13, 2009

CENTRAL PIPE AND SUPPLY SIGNS LEASE EXPANSION AND RENEWAL

by admin August 12, 2009

DORAVILLE, GA. — S&P Investment, also known as Central Pipe and Supply, has signed a lease expansion and renewal with ProLogis for 90,317 square feet of warehouse space. The property is located at 4164 Northeast Expressway in Doraville. The company originally leased 20,000 square feet in the warehouse in 2001. Ed Riggins of CresaPartners’ Atlanta office represented the tenant. Jeff Lucas served as in-house representation for ProLogis.

August 12, 2009

Industrial Midwest

RIDGE PROPERTY TRUST LEASES 200,000 SQUARE FEET OF DISTRIBUTION SPACE

by admin August 12, 2009

BEDFORD PARK, ILL. — Chicago-based Ridge Property Trust has leased 200,000 square feet of industrial space at Bedford Park Corporate Center, a 50-acre business park located in Bedford Park, to distribution company M. Block & Sons. The tenant plans to take occupancy in the fall. Jeff Locascio of Epic Realty Partners represented M. Block & Sons in lease negotiations. Ridge Property Trust was represented by Sally Macoicz of Cushman & Wakefield. Bedford Park Corporate Center consists of three buildings totaling more than 1 million square feet of industrial and office space.

August 12, 2009

Industrial Midwest

NAI MLG BROKERS THREE INDUSTRIAL DEALS

by admin August 12, 2009

OCONTO FALLS, WEST ALLIS AND GERMANTOWN, WIS. — NAI MLG Commercial has brokered three Wisconsin industrial deals. In Oconto Falls, North Shore Bank sold a 6,000-square-foot industrial property, located at 221 Jackson St., to JCV Investments. Patrick Connor of NAI represented both parties. In West Allis, Northern Brewer leased 11,000 square feet of space, located at 1306 S. 108th St., from 1330 LLC. NAI’s Scott Satula represented both parties. In Germantown, Price Transport leased 8,000 square feet of space, located at N114 W19049 Clinton Dr., from Smart Associates. NAI’s Barry Chavin represented the tenant, and Stephan Stewart and Lyle Lewandowski of Inland Cos. represented the landlord.

August 12, 2009

Industrial Northeast

CBRE NEGOTIATES 92,143-SQUARE-FOOT LEASE

by admin August 12, 2009

ALLENTOWN, PA. — CB Richard Ellis (CBRE) has negotiated a 92,143-square-foot lease at 7339 Industrial Blvd. in Allentown on behalf of the tenant, Inmar CLS Reverse Logistics. CBRE’s Joseph McDermott, Vincent Ranalli and Wit Truitt brokered the 5-year deal. Situated in Lehigh County, the property is a high-bay industrial facility owned by Liberty Property Trust. Located at the intersection of I-78 and Rt. 100, the building features 30-foot clear ceiling height, 16 loading docks, T5 lighting and an ESFR sprinkler system. The property is situated in an industrial park setting with many other large companies including Kraft, Millard Refrigerated Services, Kia Motors, Behr, Owens & Minor and others. The financial details of the transaction were undisclosed.

August 12, 2009

Industrial Texas

PROLOGIS LEASES 268,000 SQUARE FEET OF DISTRIBUTION SPACE TO SPEEDFC

by admin August 12, 2009

DALLAS — ProLogis has leased 268,000 square feet of distribution space at Northgate Distribution Center, one of the REIT’s industrial parks that is located near Interstate 635 in northeast Dallas. The space, which is located within the approximately 535,000-square-foot Building 18, will be occupied by locally based logistics provider Speed FC. The company already occupies 268,000 square feet within Building 18 and will use the additional space to accommodate the growth of its business. The company has leased a total of 854,000 square feet of industrial space from ProLogis in Dallas and Columbus, Ohio. This most recent lease brings Building 18 to full occupancy. Terms of the lease were not disclosed.

August 12, 2009

Industrial Midwest

COLLIERS INTERNATIONAL BROKERS THREE TRANSACTIONS

by admin August 11, 2009

SOUTHFIELD, MICH. — Colliers International’s Southfield office has brokered three transactions in Michigan. In the first transaction, John Lominack and Gary Glotzhober of Colliers International represented the Victaulic Co. in the disposition of a 16,861-square-foot industrial property, which is located at 23107 Commerce Dr. in Farmington Hills, Mich. Additionally, Lominack represented The Salvation Army in a 21,024-square-foot lease of retail space located at 1200 S. Lapeer Rd. in Oxford, Mich. Finally, Jim Chaconas of Colliers International represented the landlord, Scio Holdings Co., in the lease of 20,972 square feet of office space, which is located at 110 Parkland Plaza in Ann Arbor, Mich., to Colorbok Inc. The values of the transactions were not disclosed.

August 11, 2009

Industrial Texas

HOUSTON REALTY ADVISORS BROKERS INDUSTRIAL LEASE EXPANSION

by admin August 11, 2009

HOUSTON — Houston Realty Advisors has brokered a 15,575-square-foot industrial lease expansion on behalf of Equipchefs. The Dallas-based company will be expanding into Houston with its new space at 129922 Hempstead Hwy. Ed Ayres of Houston Realty Advisors represented the tenants. The landlord, MPI Properties, was represented by Gregg Barra and David Boyd of Boyd Commercial. Terms of the lease were not disclosed.

August 11, 2009

Industrial Western

82,288-SQUARE-FOOT INDUSTRIAL BUILDING SELLS FOR $4.32 MILLION

by admin August 11, 2009

PHOENIX — LMI Solutions has acquired an 82,288-square-foot freestanding industrial building, which is located within Triangle Industrial park at 46 North 49th Ave. in Phoenix, for $4.32 million. The property features 3,000 square feet of office space, 12 docks, two grade-level doors and 30-foot ceiling height. Mark DiSabato of Atlantis Commercial represented the buyer; Don MacWilliam and Payson MacWilliam of Colliers International represented the seller, First Industrial Realty Trust, in the transaction.

August 11, 2009

Industrial Southeast

GRUBB & ELLIS LEASES 24,300-SQUARE-FOOT INDUSTRIAL SPACE

by admin August 10, 2009

OLDSMAR, FLA. — Grubb & Ellis | Commercial Florida has negotiated a long-term lease of 24,300-square-feet of industrial space at a facility at the intersection of Commerce Boulevard and Vollmer Avenue in Oldsmar. Michael Scott and Jan Boltres of Grubb & Ellis | Commercial Florida negotiated the transaction on behalf of the tenant, Fort Mill, S.C.-based Sunbelt Rentals. The landlord is Vollmer Corp. based in Clearwater, Fla.

August 10, 2009

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