BURBANK, CALIF. — Buddy’s All Stars, a sport uniform screening and embroidery company, has acquired a 16,350-square-foot industrial building in Burbank. Located at 3216 W. Valhalla Dr., the property sold for $3 million. Mike LaRocque and Brendan Dell of DAUM Commercial Real Estate Services represented the buyer; Dale Pederson represented the seller, The Karalis Family Trust, in the transaction.
WINDSOR, VA. — Minneapolis, Minn.-based Ryan Companies US will develop a 300,000-square-foot distribution center for New Hope, Minn.-based Safco Products, allowing the company to better serve customers along the eastern seaboard. The building, located in the Shirley T. Holland Commerce Park at 25400 Old Mill Rd. in Windsor, will serve as Safco’s new East Coast import facility. The project begins Phase II at the Holland development and should be complete by December.
ELK GROVE VILLAGE, ILL. — ML Realty Partners has acquired a 251,076-square-foot industrial facility located at 2801 Busse Road in Elk Grove Village. The Class A, multi-tenant building, which is situated near Chicago’s interstate highway system, features 30-foot clear heights, 32 exterior docks and two drive-in doors. ML Realty Partners also owns the 251,076-square-foot building next to 2801 Busse Road. The acquisition price was not disclosed.
JOLIET, MOLINE AND PEORIA, ILL. — Beacon Realty Capital has closed a $13.5 million refinancing transaction for nine Murphy’s U-Store-It self-storage properties located in Joliet, Moline and Peoria. Beacon completed the financing through an undisclosed bank. The transaction features a $12.5 million fixed-rate loan, with a 25-year amortization schedule. Additionally, financing includes a $1 million variable rate component, which will be funded subsequent to the closing. Peoria-based U-Store-It will now be able to use the portfolio’s real estate equity for property expansions and facility improvements.
JOLIET, ILL. — Central Grocers has broken ground on its new 934,490-square-foot headquarters building located within Northern Builders’ Cherry Hill business park in Joliet. The state-of-the-art distribution facility will feature approximately 45,000 square feet of office space, 340,000 square feet of freezer/cooler space and 550,000 square feet of ambient warehouse. The building is expected to be operational in the first half of 2009. Matt Mulvihill and Ryan Kehoe of Grubb & Ellis are representing Central Grocers in the disposition of the two Franklin Park sites, from which the company is relocating to its new facility. These sites, which are currently under contract with Ridge Property Trust, total approximately 43 acres.
NOBLESVILLE, IND. — Sacramento, Calif.-based Panattoni Construction has broken ground on a 796,330-square-foot manufacturing and distribution center located at the intersection of 149th Street and Cumberland Road in Noblesville. The facility, which is slated for completion in May 2009, will be the new SMC North American headquarters. The single-level, pre-cast building will include manufacturing, distribution and warehouse capabilities, testing facilities, research and development laboratories, and a multi-level office component. JRA Architecture designed the facility. The contract to develop the property is in excess of $31 million.
KANSAS CITY, MO. — Livonia, Mich.-based TransGlobal LLC has signed a 3-year lease agreement to occupy space within Hunt Midwest Real Estate Development’s SubTropolis, which is located at 8300 NE Underground Dr. in Kansas City. The TransGlobal facility, which began operations in mid-June, will provide manufacturing and assembly services in support of Ford Motor Co.’s Kansas City Assembly Plant. Included in the lease agreement were a 110,000-square-foot production facility, a newly constructed 97,000-square-foot interior staging area and a 136,000-square-foot exterior parking area. The state of Missouri has approved TransGlobal for $270,862 in enhanced enterprise zone tax credits over 5 years for the creation of at least 70 new jobs, and new investment of $4.1 million at the location. As the world’s largest underground business complex, SubTropolis was created through the mining of a 270 million year-old limestone deposit.
TEMPE, ARIZ. — Bill Bayless, Andrew Brigham and Don Mitchell of CB Richard Ellis (CBRE) represented San Diego-based Wax Properties Ltd. in the sale-leaseback of a 47,000-square-foot industrial building in Tempe. Redondo Beach, Calif.-based Santa Ana #164 acquired the property, which is located at 2810 S. Roosevelt St., for $4.65 million. The seller has signed a 16-month lease for Waxie Sanitary Supply, which is the property’s sole tenant. Tom Louer of Lee & Associates represented the buyer. Exact financial terms of the lease transaction were not disclosed.
FORT MYERS, FLA. — Fort Myers-based J.L. Wallace Inc. has finished construction of the 47,360-square-foot Country Lakes Business Center, an industrial property located at 5701 Country Lakes Dr. in Fort Myers. The two tilt-wall buildings separately house flex office and warehouse space and the Southwest Florida home of Miami-based construction firm HJ Foundation Inc. J.L. Wallace’s Fred Barry served as senior project manager of Country Lakes.
ORLANDO, FLA. — Noah’s Ark Self Storage has opened an 83,000-square-foot complex at 5753 Hoffner Ave. in Orlando. Designed and built by San Antonio, Texas-based NDS Construction, the facility houses 567 units, including 328 climate-controlled spaces, which range in size from 25 to 300 square feet. Building amenities include 24-hour computerized gate access, movement-sensitive lighting and easy-glide unit doors.