PORTLAND, ORE. — The Realty Associates Fund VI LP has acquired a 126,388-square-foot industrial building, which is located at 17625 N.E. Sandy Blvd. in Portland. Dutton Acquisitions LLC sold the property for $6.15 million. Kevin Shannon and Scott Schumacher of CB Richard Ellis represented the buyer; Nick Kucha and Don Ossey of Capacity Commercial Group represented the seller in the transaction.
NASHVILLE, TENN. — Alcoa Electrical & Electronic Solutions has sold a 50,700-square-foot warehouse to D&P Lights & Wiring Systems for $1.3 million. The property is located at 900 N. 63rd Ave. in Nashville. David McGahren, Doug Howard and John Ward of Colliers Turley Martin Tucker’s Nashville office represented the seller.
SABINA, OHIO — Sidney, Ohio-based Industrial Property Brokers (IPB) has completed the acquisition of a 120,000-square-foot warehouse facility, located at 853 E. Washington St. in Sabina. The property was purchased by Seed Consultants, which plans to use it as a supplemental warehouse for the company’s nearby operations. Seed Consultants plans to have the new facility ready to ship by this winter. Tim Echemann of IPB negotiated the transaction. The acquisition price was not disclosed.
LOGAN TOWNSHIP, N.J. — Steve Dobraniecki of NAI Emory Hill recently negotiates a 10-year, 20,000-square-foot lease on behalf of Brand Energy and Infrastructure, an international multicraft service company focused in the power, refinery and large commercial industry. The space is located at 740 Veterans Dr. in Logan Township. Scott Mertz at NAI Mertz Corp. co-brokered the deal with Dobraniecki.
TEMPLE, TEXAS — Philadelphia-based Binswanger has brokered the sale of 160 acres, located within Temple Industrial Park in Temple. The parcel was acquired by San Antonio-based grocery store chain H-E-B, which plans to construct a 400,000-square-foot distribution center on the site. The facility will serve the grocer’s north central Texas stores. Binswanger negotiated the sale between H-E-B and the sellers, the Temple Economic Development Corp. and the city of Temple. H-E-B currently operates 300 stores in Texas and Mexico.
HOUSTON – Goodyear Tire & Rubber Co. has leased space at Houston’s Hammerly Business Park. Goodyear leased 17,658 square feet of the facility, which is located at 1811 Brittmore Road in the city’s northwest submarket. Colliers International’s Cody Smoot represented the tenant; Gray Gilbert and Bill Rudolf of CB Richard Ellis represented the landlord, Clay Development and Construction. Goodyear is the first tenant to sign at the new 140,000-square-foot project, which contains office and distribution/warehouse space.
PORTLAND, ORE. — LG Electronics USA has leased 80,000 square feet of industrial space at Rivergate Corporate Center I in Portland. The value of the lease was not disclosed. Andrew Harnish of Jones Lang LaSalle represented the tenant; Evan Bernstein, Dave Ellis and John Fettig of Capacity Commercial Group represented the landlord, MEPT Rivergate, in the transaction.
CHESTER COUNTY, S.C. — Southeastern Petroleum and its majority stakeholder, Pesco-Beam Environmental Solutions, have broken ground on a $30 million facility in Chester County. The project has created 24 new jobs. Southeastern Petroleum manufactures environmentally friendly base oils used in lubrication production and estimates an annual output of 10 million gallons from the new property. Plans also call for a research and development center for Pesco-Beam.
ELKRIDGE, MD. — Kennedy Associates Real Estate Counsel has sold a 141,600-square-foot warehouse to Cabot Properties for $8.7 million. The property, which is fully leased, is located in the Meadowridge Business Park at 6675 Business Parkway in Elkridge. Gerry Trainor and Mark Glagola of Transwestern’s Washington, D.C., office represented the seller.
BOLINGBROOK, ILL. — Champion Realty Advisors has negotiated a lease for 101,387 square feet of industrial space in Bolingbrook on behalf of Reusable Container Co. Rich Antczak of Champion, along with Drew Wadley of Corporate Realty Advisors, arranged the lease for the tenant within 400 Crossroads Parkway, which is a 260,890-square-foot modern cross-dock warehouse/distribution facility owned by First Industrial Realty Trust. The building features 24-foot clear ceiling heights, 21 exterior loading docks and on drive-in door. Peter Roberson and John Suerth of CB Richard Ellis represented First Industrial in the transaction.