PHOENIX — Meridian Capital Group has arranged $7.5 million in permanent financing for an 188,000-square-foot, single-tenant industrial warehouse and manufacturing facility in Phoenix. Located at 7822 S. 46th St., the property is occupied by a company engaged in the aerospace industry. Alex Katz of Meridian Capital Group negotiated the fully non-recourse, 5.76 percent fixed-interest rate 5-year loan. The financer was American United Life Insurance Co.
HEBRON, KY. — BlueStar, a distributor of point-of-sale, wireless mobility and identification devices, has opened its new global headquarters, located in the Cincinnati suburb of Hebron. The new 150,000-square-foot facility is located at 3345 Point Pleasant Rd., 3 miles from Cincinnati/Northern Kentucky International Airport. The facility contains a large warehouse and distribution center with future expansion capability, as well as a state-of-the-art training center. The distribution center has a variety of sustainable features, including a recycling program and motion-sensor lighting.
ONTARIO, CALIF. — Hager Pacific Properties has leased a 108,703-square-foot office/industrial property, which is located at 2400 E. Francis St. in Ontario, to Kim Lighting, a division of South Carolina-based Hubbell Lighting Inc. The 5-year lease renewal was valued at $2.8 million. Kim Lighting plans to use the facility to manufacture high-performance, architecturally relevant, outdoor lighting solutions for commercial, industrial, residential and institutional clients.
MCCOOK, ILL. — Clarius Partners will break ground this month for Clarius Park McCook, a new industrial business park located at 9200 West 55th St. in McCook. The $28 million project comprises two Class A industrial facilities totaling 368,841 square feet. Building 1 will contain 201,431 square feet on a 9.4-acre site. The building includes 30-foot clear ceilings, 50-foot by 50-foot bay sizing and 60-foot speed bays. The building will be divisible to approximately 40,000 square feet. There will also be a 146-foot truck court, 20 trailer parking spaces, 24 dock positions, 2 drive-in-doors and 254 automobile parking spaces. Building 2 will be up to 167,500 square feet and will be on an 8.6-acre property. The company is marketing Building 2 on a build-to-suit basis and construction will commence upon securing a tenant. Construction for Building 1 begins this month and the project is scheduled for completion by the end of the year.
DANVILLE, ILL. — NorthPoint Capital has arranged an approximately $14.21 million loan for a 200,000-square-foot industrial building, located in Danville. The building was leased to Sygma Network, Inc., which has 14 years remaining on its primary lease. The loan carries a 14-year term with a 14-year amortization schedule. The interest rate is in the mid-6 percent range and the loan-to-value ratio is 82 percent. The financing was placed with an undisclosed correspondent lender. Paul Walschlager of NorthPoint Capital arranged the financing.
ATTLEBORO, MASS. — An affiliate of First American Realty has acquired Building 12 and Building 5 in the Attleboro Corporate Campus in Attleboro for $5.27 million. Building 12 is a 213,000-square-foot facility and Building 5 totals 5,650 square feet. The buildings were purchased from Preferred Unlimited, Inc. Building 12 is a state-of-the-art three-story manufacturing building that serves as Sensata Technologies’s global manufacturing headquarters and is leased in its entirety to Sensata Technologies on a long-term basis. Building 5 is also leased on a long-term basis to The BOC Group, Inc. The Attleboro Corporate Campus is a 300-acre mixed-use office and industrial campus located just off Interstate 95.
FORT WORTH, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged the sale of an 8,600-square-foot flex building, located at 3312-3320 Dooling St. in Fort Worth. The building features office and warehouse space, and is situated on approximately 2 acres. The buyer, Superior Fuels & Lubricants, will be relocating its headquarters from its previous facility at 3200 North Sylvania, also in Fort Worth. Todd Hawpe of HSMB represented the buyer and the seller, RLM Real Estate. The acquisition price was not disclosed.
GREER, S.C. — Weil Brothers-Cotton has sold the 200,000-square-foot C&W warehouses to KIDCO for an undisclosed amount. The property is located at 560 Gilliam Rd. in Greer. Bentley Commercial/CORFAC International’s Laurens Nicholson and Richard Barrett represented the buyer. Brett Chambless of Chambless Partners represented the seller.
MIAMI — Quartin Limited Partnership has sold the 119,071-square-foot Tropical Paperbox warehouse to DAHRO for $6.4 million. DAHRO will use a portion of the property, located at 7000 N.W. 25th St. in Miami, as warehouse space and will lease the remainder. Jay Ziv of Colliers Abood Wood-Fay brokered the transaction.
CANTON, OHIO — NAI Cummins has arranged a lease for 47,260 square feet of industrial space, located at Prospect Business Center in Canton. NAI’s Bob Raskow, Harry Stewart and Tom Franjesh represented the landlord, Canton Ashcroft. The tenant, Profile Plastics, was represented by Don Bester of Tom Jackson Realty. The tenant is expanding from its previous location in Hartville, Ohio, and should be moved in by the end of the summer.