GERMANTOWN, WIS. — Petersen Global LLC has purchased 6.5 acres of land within the approximately 200-acre Germantown Business Park, which is located near Highway 41 in Germantown. Petersen Global is building a new 43,000-square-foot manufacturing facility on behalf of Krenz & Co. at the site. Trent Poole, Scott Furmanski and Roger Siegel in the Milwaukee office of CB Richard Ellis represented the buyer; MLG Commercial represented the seller, Village of Germantown, in the transaction. The acquisition price of the property was not disclosed.
CARROLLTON, TEXAS — The Dallas-Fort Worth office of Lee & Associates has completed a 5-year, 10,596-square-foot industrial lease at 2105 Luna Rd. in Carrollton. Nathan Denton and Hanes Chatham of Lee represented the tenant, the Lone Star Chapter of the National Multiple Sclerosis Society. The landlord was LIT Industrial Texas Partnership.
PIEDMONT, S.C. — The Greenville Area Development Corporation and Ortec have completed a $7.2 million phased expansion to the company’s Piedmont facility. The recently-completed second phase consisted of a 2,600-square-foot Class 100,000 clean room. The first phase of the project added 2,200 square feet of manufacturing space to the property. With the expansions complete, Ortec will boost its workforce by 30 employees.
DELAND, FLA. — Edwards Construction Services of Ocala, Fla., has completed a 62,870-square-foot manufacturing facility for Intellitec Corp. The $5.2 million property, located in DeLand, encompasses 6,415 square feet of office space, six loading docks and 19,010 square feet of space reserved for future expansion. Edwards also completed infrastructure construction for the project. The 8-acre property was designed by Tampa, Fla.-based Horton Harley Carter.
POMPANO BEACH, FLA. — NRW Soulard has purchased a 12,000-square-foot warehouse from Entegra Roof Tile Corporation–Pompano for $2.2 million. The property sits on 1.98 acres of land at 1201 N.W. 18th St. in Pompano Beach. NRW Soulard will house an aluminum fabrication operation in the building. Randy A. Rauch of NAI Rauch, Weaver, Norfleet, Kurtz & Co. brokered the sale, and Uniweb Commercial represented the buyer.
VISALIA, CALIF. — Honolulu-based A&B Properties, the real estate subsidiary of Alexander & Baldwin, has acquired Midstate 99 Warehouse Portfolio, a 790,370-square-foot warehouse facility located in Visalia, for an undisclosed price. The four-building property is currently 94 percent leased to a mix of retail and wholesale tenants. The property is located within a 480-acre master-planned logistics park.
OPELIKA, ALA. — The Korean manufacturer Mando America Corp. recently broke ground on a 431,000-square-foot distribution facility in Opelika, which is set to deliver in July. Plans for the facility include 28,000 square feet of office space and a 403,000-square-foot auto parts distribution center. Mando currently operates 325,000 square feet of warehouse space in the area. Roswell, Ga.-based Randall-Paulson Architects designed the building to include an Asian-influenced steel canopy over the front entrance.
CHESTERFIELD COUNTY, VA. — HNI Corp. has sold 375,811 square feet of warehouse space, located at 11200 and 11300 Old Stage Rd. in Chesterfield County, to Manakin Holdings for $5.3 million. Virginia T’s takes up 208,000 square feet of space in the property, and Jacobson Cos. occupies 51,840 square feet of space. Richmond, Va.-based Grubb & Ellis|Harrison & Bates’ Stuart Cary and Greg Creswell represented the seller, with Bill Mattox and Lewis Little of Harrison & Bates representing the buyer.
CHICAGO — West Oak Partners has arranged an $800,000 bridge loan for a multi-unit industrial facility located within the North Elston Avenue corridor of Chicago. West Oak Partners is the only Midwest correspondent for a private lending fund that is positioned as an alternative to traditional commercial lenders. Financing was arranged by Jeff Sondgeroth of West Oak Partners and Benjamin Kadish of Maverick Commercial Mortgage on behalf of an undisclosed Midwest-based commercial real estate investor. Additional terms of the loan were not disclosed.
THOROFARE, N.J. — Philadelphia-based The Flynn Company has brokered the sale of a 179,785-square-foot industrial facility, located at 1370 Imperial Way in Thorofare, for $8.27 million. The property is situated on 9.91 acres within MidAtlantic Corporate Center. David Ricci of Flynn represented the seller, Cobalt Industrial Partners LP, which is a private real estate investment trust operated by Dallas-based Cobalt Capital Partners. Ricci also represented the buyers, 1370 Imperial Way Associates LLC and GAMIJE 1370 Associates LLC. The facility has subsequently been leased to Camden International Commodities Terminal.