NEWPORT NEWS, VA. — Andon has purchased the 20,000-square-foot Hearth & Home warehouse from James River Associates for $1.5 million. The buyer will occupy a portion of the property, which is located at 11848 and 11850 Canon Blvd. in Newport News. Dawn Griggs and Kenneth Penrose of Thalhimer’s Newport News office brokered the sale.
FRASER, MICH. — Troy, Mich.-based L. Mason Capitani has brokered the sale of three industrial buildings totaling 62,364 square feet. The properties are located at 17300, 17350 and 17400 Malyn Blvd. in Fraser. The buyer, NOVA Industries, plans to expand its plastic injection molding operations into all three buildings. Jason Capitani and Joe DePonio of L. Mason Capitani represented both parties in the transaction. The seller’s name was not released. L. Mason Capitani is an affiliate of CORFAC International.
LEMONT AND WEST CHICAGO, ILL. — Lee & Associates of Illinois has arranged two Chicago-area industrial leases totaling 124,194 square feet. In Lemont, Sweet Holdings LLC leased 67,928 square feet of space at 19W661 101st St. Jim Planey and Jeff Janda of Lee & Associates represented the tenant. The landlord, First Industrial Realty Trust, was represented by Jim Estus of Colliers Bennett & Kahnweiler. In addition, Norix leased 56,266 square feet of warehouse space at 1800 Hawthorne in West Chicago. Planey and Janda represented the landlord, LaGrou Distribution, in the lease negotiations. Michael Marconi of Epic Realty Partners represented the tenant. Terms of both leases were not disclosed.
PLANO, TEXAS — UGL Equis has arranged a 30,985-square-foot lease at 801 Klein Rd. in Plano. The tenant, Underwriters Laboratories, is relocating its HVAC product testing facility to the new space from its previous location at 2805 Plano Pkwy., also in Plano. The warehouse and office facility will be fully operational within a year. Stuart Smith of UGL Equis’ Dallas office represented the tenant. The landlord, Weingarten Realty Investors, was represented in-house by Matt Smith.
ROGERS, MINN. — CB Richard Ellis Realty Trust has acquired a 335,400-square-foot, Class A warehouse, located at 13201 Wilfred Lane in Rogers. The facility is currently leased to Walgreens as one of the company’s distribution centers. Constructed in 1999, the building was renovated in 2008 to accommodate Walgreens’ package conveyor system; an air conditioning system was also installed in approximately 43,000 square feet of the warehouse. Walgreens is leasing the building through 2018. The property contains expansion capability up to an additional 75,000 square feet. It is situated within Diamond Lake Park, which currently has a 94 percent occupancy rate. The acquisition price and the seller were not disclosed.
ASHBURN, VA. — Glasstech has signed a lease with Merritt Properties for 20,747 square feet of warehouse and office space in Ashburn. The property is located at 44601 Guilford Drive. Steve Shaw and Keith Wallace served as in-house representation for Merritt Properties.
BOLINGBROOK, ILL. — Morgan/Harbour Construction Co. has completed the corporate headquarters for Saratoga Food Specialists in Bolingbrook. The manufacturer of spices and food flavorings is relocating to the 150,249-square-foot space, which is located at 771 W. Crossroads Pkwy., and consolidating from several existing area locations. The project features 20,000 square feet of offices, R&D space, locker-room facilities, and a common dining and kitchen area. The warehouse component features 30-foot clear ceiling heights and 25 loading docks. The tenant space is part of Crossroads I, a 269,662-square-foot multi-tenant building developed by Corum Real Estate Group.
ADDISON, ILL. — Whit Heitman and Samuel Badger Jr. of Paine/Wetzel•ONCOR International have negotiated an industrial sale on behalf of Earth Friendly Products, which has purchased a 100,000-square-foot facility located at 111 S. Rohlwing Rd. in Addison. The buyer, which specializes in developing and producing earth-friendly cleaning supplies, acquired the property to serve as its warehouse/distribution facility. John Gazzola of Entre Commercial Realty represented the seller, Minutemen International.
SECAUCUS, N.J. — The Capital Markets Debt & Equity Group of CB Richard Ellis (CBRE) has secured $19 million for the refinancing of a 197,453-square-foot warehouse and office property located at 40 Hartz Way in Secaucus. The facility, which was originally constructed in 1973, has undergone significant renovations to accommodate its present anchor tenant, Major League Baseball’s MLB Network. The 142,000-square-foot space MLB Network occupies includes 24-foot clear ceilings, two broadcasting studios, 18 loading docks and broadcasting satellites. CBRE’s James Gunning and Donna Falzarano arranged the loan, which carries a 5-year term and a fixed interest rate. The borrower was Hartz Mountain Associates. The lender was a New England-based commercial bank.
NORTH LAS VEGAS, NEV. — RBS Investments has purchased a 14,600-square-foot industrial building, which is located at 3825 Losee Rd. in North Las Vegas. JD Las Vegas sold the property for $2.37 million. Xavier Wasiak of Grubb & Ellis represented the buyer; Dan Doherty, Patti Dillon and Ben Campbell of Colliers International – Las Vegas represented the seller in the transaction.