DETROIT AND MADISON HEIGHTS, MICH. — Colliers International has brokered two Michigan industrial sales totaling more than 100,000 square feet. In Detroit, Colliers International has arranged the sale of a 120,000-square-foot industrial facility located at 6555 E. Davison. Peter E. Kepic and Peter J. Kepic of Colliers International represented the seller, ThyssenKrupp Materials, in the transaction. Additionally, the company has brokered the acquisition of a 15,000-square-foot industrial building located at 1645 Avis Dr. in Madison Heights. Peter E. Kepic, Peter J. Kepic and Larry Balone of Colliers International represented the buyer, QMI Properties, in the transaction. The acquisition price of both properties was not disclosed.
SKOKIE, ILL. — ML Realty has acquired a 486,884-square-foot industrial building located at 7300 Linder Ave. in Skokie. The building, which has access to Interstate-94 via a four-way interchange, is 100 percent leased. Jeffrey Kahn, Steven Disse and Jeffrey Devine of Colliers Bennett & Kahnweiler represented the undisclosed seller in the transaction. The acquisition price was not disclosed.
PETALUMA, CALIF. — Stephens & Stephens LLC has acquired two industrial buildings in Petaluma for approximately $18 million or $98 per square foot. Located at 755-775 Southpoint Blvd., the properties total 183,406 square feet. At the time of sale, the properties were approximately 95 percent occupied. Trevor Buck of NAI BT Commercial’s North Bay office represented the buyer in the transaction. The seller was Pine Creek Properties.
CALEDONIA AND GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has brokered two Michigan industrial transactions. Duke Suwyn and Tom DeBoer of Grubb & Ellis|Paramount Commerce have represented Franklin Southbelt LLC in selling its 35,000-square-foot industrial facility, which is located at 6940 Southbelt Dr. in Caledonia. The buyer, Alticor, actually signed a 10-year lease, with an option to purchase after 12 months. Additionally, Randy Bronkema of Grubb & Ellis|Paramount Commerce has brokered the sale of a 4,000-square-foot industrial building located at 705 Crofton St. SE in Grand Rapids. Becker & Sanders Properties acquired the facility from Mercantile Bank Mortgage Co. for an undisclosed amount. Bernie Merkle of CB Woodland Schmidt represented the buyer in the transaction.
NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has arranged the sale of a 30,000-square-foot manufacturing building, located at 27-02 Skillman Ave. in the Long Island City neighborhood of Queens, New York City, for $7 million. The two-story property features a freight elevator, heavy power capacity, multiple loading docks and 20,000 square feet of air rights. The buyer, United Air Conditioning, plans to use the ground floor of the facility for manufacturing and the second floor for offices. Dmitri Gourianov of KDA represented the United Air Conditioning. The seller, Dallek Inc., was represented by Joshua Zellner of Zellner Realty.
PATTERSON, CALIF. — McShane Corp. and MetLife Real Estate Investments are nearing completion of the co-developers first speculative distribution facility, which is being built within KeyStone West Business Park in Patterson. Upon completion, the master-planned, 122-acre industrial distribution center will include three buildings totaling 2.1 million square feet. The project has been specifically designed to serve the urban core of the San Francisco region. The first building, which is scheduled to be shell complete in October, will measure 529,970 square feet in size. Kevin Dal Porto of CB Richard Ellis is the listing agent for the property.
MIAMI — Doris Parham and Leonard Perlman of Coldwell Banker Commercial NRT’s Coral Gables, Fla., office negotiated two transactions involving Romar Distribution totaling $8.3 million. Alrich Inc. purchased Romar’s 24,706-square-foot distribution warehouse, located at 8100 N.W. 68th St. in Miami, for $2.7 million. Romar also has purchased a 63,000-square-foot warehouse, located at 3550 N.W. 112th St. in Miami, from Archer Daniels Midland Co. for $5.6 million.
INVER GROVE HEIGHTS AND ROSEMOUNT, MINN. — NAI Welsh has brokered two Minnesota industrial sales totaling more than $8.9 million. Ted Carlson of NAI Welsh represented Capri Capital Advisors in selling the 174,267-square-foot Carmen Distribution Center, which is located in Inver Grove Heights. Boston-based TA Associates Realty acquired the facility for $6.46 million. Brad Bohlman and Eric Riemer, also of NAI Welsh, represented the buyer in the transaction. Additionally, Carlson represented Independent School District 196 in its purchase of a 25,900-square-foot office building located at 15290 Carrousel Way S. in Rosemount. The building was acquired from an undisclosed seller for $2.45 million.
LOMBARD AND CAROL STREAM, ILL. — Pat McCourt, Michael Sedjo and Chris Zubel of CB Richard Ellis have completed three industrial transactions totaling more than 290,998 square feet in Northern DuPage County, Ill. McCourt, Sedjo and Zubel represented both parties in the sale of a 178,567-square-foot warehouse/distribution facility located at 1100 Lombard Rd. in Lombard. AMB Property Corp. acquired the building from Illinois Industrial Properties Inc. for an undisclosed amount. The building, which is currently vacant, includes 40-foot clear ceiling heights, 44 exterior docks, 4 drive-in doors and parking for 121 cars. Additionally, McCourt, Sedjo and Zubel have represented ownership for two industrial leases in Carol Stream. ConAgra Foods has leased 58,922 square feet of space within ProLogis’ 249,576-square-foot industrial building, which is located at 158 Alexandra Way. The space contains 30-foot clear ceiling heights and 14 exterior docks. ConAgra was represented by The Staubach Company in the transaction. TJ Higgins has leased 53,474 square feet of industrial space located within the same building in Carol Stream. The space includes 3,300 square feet of office and 14 exterior docks. TJ Higgins, which is relocating from Glendale Heights, Ill., was represented by Andy Corken of CB Richard Ellis; ProLogis was represented …
HURON TOWNSHIP, MICH. — Lee & Associates of Michigan has completed an 85,000-square-foot manufacturing headquarters facility located at 17275 Huron River Dr. in Huron Township. Jim Roberts of Lee & Associates represented Quality Pipe Products in the site selection, the purchasing of the land, as well as the site plan approval and bidding process for the company’s new building. Roberts obtained a 12-year real property tax abatement for the company from Huron Township. D&G Building Co. acted as general contractor for the project, which broke ground in July. The new headquarters allows Quality Pipe Products to merge three of its existing operations, as well as provide them the space necessary to accommodate the company’s expanding business.