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.
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.
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.
DALLAS — Lee & Associates DFW has arranged the sale of an 11,700-square-foot industrial building located at 2324 Fabens Rd. in Dallas. Nathan Denton and Hanes Chatham of Lee represented the seller, Max Tech, and the buyer, Fargo Consultants. The acquisition price was not disclosed.
RENO, NEV. — Chesapeake Real Estate Investors, a fund managed by Legg Mason, has acquired Brookside Corporate Center, a 261,296-square-foot industrial complex located in Reno. Scannell Properties sold the three-building portfolio for $20.7 million. At the time of acquisition, the newly constructed property was 43 percent occupied. Aiman Noursoultanova of CB Richard Ellis represented the seller in the transaction.
CARSON, CALIF. — Brad Mahoney and Lane Schwartz of Marcus & Millichap have represented the undisclosed seller in the disposition of an industrial office warehouse property in Carson. An undisclosed buyer purchased the 18,647-square-foot property for $2.4 million. Built in 1961, the property is located at 18220 S. Broadway St.
SAN DIEGO — Sanison LLC has acquired two flex units totaling 4,630 square feet from Green Arrow LLC for $1.25 million or $270 per square foot. The units are located within the 155,000-square-foot industrial/R&D development Kearny Mesa Complex at 8975 Complex Dr., Units 4-1 and 4-4 in San Diego. Doug Works and Bill Dolan of CB Richard Ellis represented the seller; Ryan Bracker and Jon Boland of Voit Commercial represented the buyer in the transaction.
BELCAMP, MD. — Bill Pellingon of CB Richard Ellis has represented Preston Waters/Urdang Capital in leasing 538,000 square feet of space within an 800,000-square-foot distribution facility to Procter & Gamble. The 30-foot clear tilt-up distribution building, which is located at 4608 Appliance Dr. in Belcamp, sits on 46 acres. As part of the long-term lease agreement, Procter & Gamble has the option to expand to the full 800,000-square-foot facility. Procter & Gamble, which was represented by Colliers International, has leased the space in order to consolidate its regional distribution operations.
SHEPHERDSVILLE, KY. — Crossdock Development has leased 404,000 square feet of industrial space within the Cedar Grove Business Park in Shepherdsville to Alliance Entertainment. The Kentucky Economic Development Authority has granted Alliance Entertainment preliminary approval for $1.5 million in state tax incentives for up to 10 years. Alliance Entertainment’s new distribution center, which will add 365 full-time jobs to the area, will process 200 million DVDs, CDs, magazines, video games and books annually for retailers throughout the nation. Crossdock Development will add 260,000 square feet of rentable space to the $30 million bulk facility this fall.
KENOSHA, WIS. — Grubb & Ellis Co. has represented Gordon Food Service in the acquisition of two sites totaling 135 acres of industrial land located near Interstate 94 in Kenosha. Gordon Food Service will build a 480,000-square-foot freezer/cooler and dry storage distribution facility on the site. The city is providing funding to complete significant infrastructure improvements, which includes roads and utilities. Chuck King, Matt Mulvihill, Frank Griffin, Dominic Carbonari and Greg Wernisch of Grubb & Ellis represented Gordon Food Service in the transaction. The acquisition price was not disclosed.
