FORSYTH COUNTY, GA. — Two companies have signed leases totaling more than 120,000 square feet in the 240,000-square-foot Shiloh 400 Business Center, developed by a joint venture between Charlotte, N.C.-based Crescent Resources and Dallas-based Cobalt Capital Partners. The three-building property is located on McFarland Road in Forsyth County. Atlanta-based Sciele Pharma has leased 84,704 square feet in Building 300, and Skyline Southeast will occupy 36,220 square feet in Building 200. Bucky Winfield and George Smeltzer of Atlanta-based Richard Bowers represented Skyline. Wit Truitt and Chip Watson of CB Richard Ellis’s Atlanta office represented Sciele, and the firm’s Pat Murphy represented the owners.
BROADVIEW, ILL. — Darwin Realty & Development Corp. has brokered the sale of a 12,800-square-foot industrial building located at 1814 Beach St. in Broadview. Construction Products Services acquired the facility from an undisclosed land trust, and will be relocating its operation from Villa Park, Ill. The building features a 2,100-square-foot office component, one dock and one drive-in door. Daniel Fanelli of Darwin represented the seller; Brian Gedvilas and Rollo Dace, also of Darwin, represented the buyer in the transaction. The acquisition price was not disclosed.
KEARNY, N.J. — Russo Development has acquired a 190,000-square-foot vacant warehouse, located at the intersection of Schuyler and Bergen avenues in Kearny. The 7.5-acre site will be redeveloped into Schuyler Crossing, a multifamily project that will contain 232 apartment units and 20,000 square feet of retail space. The structure has been demolished and site improvements are already under way. Vertical construction is scheduled to begin in mid-2009. The seller, as well as the sale price, was not disclosed.
HOUSTON — NAI Houston has brokered the sale of a 10,000-square-foot industrial building located at 1724 Townhurst Dr. in Houston. NAI’s Travis Land and Michael Keegan represented both parties. The property was acquired by Hilpert Realty LLC from an undisclosed party. The acquisition price also was not released.
MENLO PARK, CALIF. — Jim Chesler of NAI BT Commercial San Francisco represented Campbell Menlo LLC in the acquisition of a 54,000-square-foot industrial/R&D property, which is located at 4085 Campbell Ave. in Menlo Park. At the time of acquisition, the property was 40 percent leased by Fitness 101. The seller, Joe Chritchfield, Clarence Ferrari Jr., et. al., sold the property for $8.6 million or $159 per square foot.
NILES, ILL. — Don Trossman in the Chicago office of Cohen Financial has arranged $3.4 million in financing for a four-tenant warehouse/distribution center located at 6333 Howard St. in Niles. The borrower for the 78,091-square-foot facility was commercial real estate entity 6333 Howard LLC. The fixed-rate, 75 percent loan-to-value financing was based on a 5-year term with a 5-year renewal option and a 30-year amortization schedule. Oxford Bank of Oak Brook, Ill., provided the loan, which closed in the fourth quarter of 2008.
WARREN, MICH. — Grubb & Ellis has arranged the acquisition of two industrial buildings located at 22100 and 22200 Sherwood Ave. in Warren. Great Lakes Electronics Corp. has purchased the facilities, which total 95,922 square feet, for an undisclosed amount. The company is relocating to the property from Detroit. The location supports the processing of scrap metal, which is a new business endeavor for the company. Daniel Canvasser and Mike Davidson in the Industrial Group of Grubb & Ellis facilitated the transaction. The seller was not disclosed.
MUNDELEIN, ILL. — Downers Grove, Ill.-based Champion Realty Advisors has brokered the acquisition of a 41,913-square-foot multi-tenant industrial facility located at 408 Washington Blvd. in Mundelein. Collins Estate LLC has purchased the facility for an undisclosed amount, and will be relocating its business to the new location. The building, which is situated on a 4.23-acre site, includes 6,000 square feet of office space, three exterior docks, one interior dock and three drive-in doors. Rich Antczak of Champion Realty Advisors represented the buyer; Steve Sullivan of NAI Hiffman represented the seller, Journeys End Real Estate Partnership, in the transaction.
CHARLOTTE, N.C. — Burkert Contromatics Corp. of Germany has leased 38,500 square feet in the Whitehall Tech Center from FORT Properties. The lease, which expires in 2014, expands Burkert’s current warehouse space by 22,500 square feet. The 204,900-square-foot center consists of two fully leased buildings located on Whitehall Park Drive in Charlotte. Bill Wood of Charlotte-based Trinity Partners Industrial Property Services represented the owner along with FORT Properties’ Robert Alter. Trinity’s Terry Brennan represented the lessee.
CHANDLER, ARIZ. — Q10|Dwyer-Curlett has arranged a $16.25 million permanent construction loan through The Guardian Life Insurance Company of America. The loan is for a three-building, 133,122-square-foot business park, which is slated for development in Chandler. The borrower was not disclosed.