MEQUON AND MILWAUKEE, WIS. — Milwaukee-based Inland Cos. has been awarded three Milwaukee-area construction contracts. In Mequon, Inland has been selected for the expansion of the Gateway Plastics warehouse facility, located at 5650 W. County Line Rd. in Mequon. The project totals 163,780 square feet and is scheduled for completion in December. In Milwaukee, Inland will be completing the office build-out for The Milwaukee Business Journal. The project totals 10,725 square feet and is located at 825 N. Jefferson St. Completion is scheduled for August. Finally, Inland will be completing a 7,972-square-foot office expansion for M&I Equipment Finance. The facility is located at 250 E. Wisconsin Ave. Completion is also scheduled for August.
Industrial
NEW GALILEE, PA. — Grubb & Ellis Company has negotiated a 120,800-square-foot, long-term lease at Turnpike Distribution Center located at 1750 Shenango Rd. in New Galilee. The space was leased by YRC Logistics. The building features concrete panel construction, ESFR sprinkler system and fire-rated demising walls. Louis Oliva, of Grubb & Ellis’ Global Logistics Group, facilitated the transaction on behalf of the lessor, Turnpike Distribution LP. Turnpike Distribution LP is a joint venture of Pittsburgh-based developer Castlebrook Development, Cincinnati-based general contractor Al Neyer Inc. and Pittsburgh-based The Erect Fund, an investment fund that invests on behalf of local pension funds.
TULIA, TEXAS — Grubb & Ellis has brokered the sale of a 3,060-square-foot industrial building, located at 426 N. Highway 87 in Tulia. Chris Wright and Blake Anderson of Grubb & Ellis’ Dallas office represented the seller, Walco International. The property was acquired by Rocky Wilhelm for an undisclosed amount.
COMPTON, CALIF. — Forming Specialties Inc. has acquired a 40,041-square-foot industrial building, which is located at 1309 N. Walnut Parkway in Compton. Situated on 79,274 square feet of land, the property sold for $3.36 million. Forming Specialties is a sheet metal forming company, which has occupied the property for 20 years, and will continue to use the facility as owner/tenant. The seller was Edison LLC. Warren Noack, Kimberly Noack and Craig Summers of NAI Capital office represented both parties in the transaction.
COLUMBUS, GA. — West Point, Ga.-based Batson-Cook has completed a 101,800-square-foot expansion to the Cessna Aircraft Co.’s facility in Columbus. The property features 90,000 square feet of warehouse space reserved for manufacturing airplane parts. Also included is 11,000 square feet of office space, which features three offices, a reception area, three conference rooms and a kitchen.
ST. ROSE, LA. — Salt Lake City-based Ostler International has signed a long-term lease with Lightstone Group for 27,752 square feet of warehouse space at Sealy Business Center I. The property is located in the James Business Park on James Drive East in St. Rose. Jennifer A. Lee of Shreveport, La.-based Sealy & Co. represented the landlord.
KANSAS CITY, KAN. — Brokers from Grubb & Ellis |Winbury Group and Karbank & Company has joined together to broker the sale of a 120,000-square-foot warehouse and distribution building located at 4600 Kansas in Kansas City. Douglas Hedrick and John Delzer of Grubb & Ellis, along with Paul Fogel and Olen Monsees of Karbank, represented the seller, 4600 Kansas LLC. Brandon Heck of JDC Brokerage Services negotiated on behalf of the buyer, Sports Associated Inc. The facility was originally listed at $5.05 million, and was reduced to a listing price of $4.3 million before the buyer contracted to acquire it.
MENOMONEE FALLS, WIS. — Adam Matson and Stephen Provancher of NAI MLG have represented Oldcastle Glass Inc. in its disposition of a 29,000-square-foot industrial building located at N48 W 13334 Hampton Rd. in Menomonee Falls. ADE Electronics made an offer for the property within 3 days of it being listed and acquired the building in order to relocate its contract electronics manufacturing business into a new space.
MELROSE PARK, ILL. — Darwin Realty & Development Corp. has negotiated two industrial leases in the village of Melrose Park just west of downtown Chicago. At 150 N. 25th Ave., Daniel Fanelli and George Cibula of Darwin represented the lessor in leasing 76,790 square feet of space to Smart Box Inc. The tenant, which will utilize the space for the warehousing and distribution of paper goods and related products, was represented by Matt Baumann of Special Assets Realty. The building features 24-foot clear ceiling heights and exterior docks. Fanelli, Cibula and Anthony Leeds of Darwin have represented the lessor in a lease of 40,388 square feet of warehouse and distribution space at 2680 W. Lake St. in Melrose Park. John Suerth and Jason Lev of CB Richard Ellis represented the tenant, Spirit Distribution.
RIVERVIEW, MICH. — Southfield, Mich.-based Lee & Associates of Michigan has brokered the sale of a 9,260-square-foot industrial property, located at 11881 Longsdorf St. in Riverview. The property was purchased by DNA Holdings from A Properties & Investments. Jim Roberts, Scott Lyons, Christian Hill of Lee & Associates represented both parties in the transaction. The acquisition price was undisclosed.