NAPLES, FLA. — Morris Southeast Group/CORFAC International has arranged the sale of a 110,000-square-foot industrial manufacturing facility within the Creekside Business Park in Naples. Arthrex of Naples has acquired the building, which is located at 1250 Creekside Parkway West, from United Kingdom-based Hellermann Tyton Corp. for $9.5 million. Situated on a 6.3-acre site, the building is the largest industrial manufacturing facility in Naples. Ken Morris of Morris Southeast Group/CORFAC International and James Southey of United Kingdom-based King Sturge — CORFAC International’s European strategic alliance partner — brokered the transaction.
BALTIMORE — Kenneth Gentzel of NorthMarq Capital’s Washington, D.C., office and Joseph Burke of the company’s Baltimore office have arranged $5.35 million in first mortgage financing for the acquisition of a 100,000-square-foot flex facility in Baltimore. Financing for the property, which is located at 5601 Metro Dr., was based on a 10-year term, with a 30-year amortization schedule. The loan was arranged by NorthMarq through its relationship with Woodmen of the World Life Insurance Society. The borrower was not disclosed.
JOLIET, ILL. — On behalf of J.B.B.R.E. Holdings, Gerald Sullivan, Edward Wabick and J. Louis DeSanto of Paine/Wetzel • ONCOR International have arranged the sale of 263 acres of land located at Route 6 and Houbolt Road in Joliet. The buyer, First Industrial Realty Trust, has plans to develop an industrial park at the site, which is expected to be ready for development this fall. First Park Joliet will include buildings measuring 100,000 to more than 1 million square feet in size, which will be available for sale or lease. First Industrial Realty Trust was represented in-house by Marty Edmondson of the company’s Chicago office.
LANCASTER, PA. — Marcus & Millichap has brokered the sale of a 70,724-square-foot industrial building located in Lancaster for $5.65 million. Situated on 18 acres at 1811 Rohrerstown Rd., the property contains manufacturing space with room for future expansion. David Thurston of Marcus & Millichap’s New Jersey office represented the buyer, a New Jersey-based limited liability corporation. The seller was not disclosed. The property traded at a capitalization rate of 7.4 percent.
DALLAS — Trammell Crow Co. has begun construction of Trade Center IV at International Commerce, a 243,500-square-foot industrial facility located near Dallas – Fort Worth International Airport in Dallas. Situated on 16 acres near the north entrance of the airport, the building features 30-foot minimum clear ceiling heights, 50-foot by 50-foot column spacing, a 60-foot staging bay, a 140-foot truck court with 50 feet of trailer storage, an ESFR sprinkler system, and Foreign Trade Zone and Triple Freeport Zone status. The project, which is being developed by Trammell Crow, is owned by Kennedy Associates Real Estate Counsel. Steve Trese of CB Richard Ellis’ Dallas office is handling marketing and leasing of the property. Valeo Compressor North America has already signed a long-term lease for 88,200 square feet of the building.
CARROLLTON, TEXAS — Cobalt Capital Partners has acquired a two-property industrial portfolio located in Carrollton. The portfolio includes a 100,000-square-foot office/warehouse facility located at 1135 W. Trinity Mills Rd., as well as a 91,000-square building located at 2425 Carter Dr. The former property contains 46,000 square feet of vacant space, while the latter is fully leased to two tenants. Cobalt acquired the portfolio from Commonfund Realty of Connecticut for an undisclosed amount. Tom Smolik of TIG Real Estate Services negotiated the transaction. TIG also will handle leasing and management of both properties.
MORRIS, ILL. — Chicago-based Higgins Development Partners has acquired HDPark Morris, a planned 158-acre industrial business park located on the Interstate 80 corridor — near the future Brisbin Road interchange — in Morris. HDPark Morris will include three warehouse and distribution facilities totaling more than 2.8 million square feet in size. Each facility is expected to be available this year on a build-to-suit basis, with LEED-certification available in the park. The 454,950-square-foot Building One is scheduled to be built on a 22.19-acre site. Amenities include heavy trailer parking, 342-foot building depth and 48 expandable docks. Building Two, which features 570-foot building depth and 139 expandable docks, will measure approximately 1.1 million square feet in size and is situated on a 50.53-acre site. The third approximately 1.3 million-square-foot facility will be positioned on a 58.95-acre site. Amenities include 570-foot building depth and 170 expandable docks. Michael Svoboda, David Prioletti and Kip Hennelly of CB Richard Ellis represented Higgins Development Partners; Bill Myre of Caton Commercial represented the seller in the transaction. The acquisition price was not disclosed.
COOK COUNTY, ILL. — On behalf of DP Partners, Meridian Design Build has completed a 496,000-square-foot speculative industrial facility within DP Partners’ LogistiCenter at Sauk Village in Cook County. The building, which is located 20 miles south of Chicago, sits on a 26.5-acre site. Features of the facility include 32-foot clear heights, 50-by-50-foot warehouse bays with 60 feet deep staging bays, two drive-in doors, and parking for 189 cars and 59 trailers. The design of the front-loaded facility provides the option to cross-dock and/or rail-serve the rear of the building, and allows for 1.2 million square feet of expansion. Joe Blanchard and Tim Jones handled the project for Meridian Design Build; Palatine, Ill.-based Harris Architects provided architectural services for the project.
FAIRFIELD, N.J. — Teaneck, N.J.-based Colliers Houston & Co. has brokered the sale of a 33,280-square-foot flex industrial building located at 161 Dwight Place in Fairfield. Situated near Interstate 80 and Route 46, the building features 8,000 square feet of office space on two floors, as well as three loading docks. Frank Kobola and James Costanzo of Colliers represented the seller, Kobrun Investments. The buyer, Fabbian USA Corp., plans to occupy the building as its headquarters. It was represented by Gene Baldechhi of Lerman Sanders. The acquisition price was not disclosed.
EDWARDSVILLE, ILL. — Lindsey Stieve and Terry Stieve of Colliers Turley Martin Tucker have represented Procter & Gamble in the $24.3 million lease of 1.1 million square feet of industrial space in Edwardsville. The newly constructed one-story facility, which is located at 3101 Westway Dr., was leased from Multi-Employer Property Trust for a 5-year term. Procter & Gamble, which will use the building as a warehouse and distribution center for home care products, will take immediate occupancy.