CHICAGO — Summit Design + Build has been selected as design/build general contractor for Ambrosi’s 58,000-square-foot photo studio within Walnut Commerce Center located at 1918 W. Walnut St. in Chicago. Ambrosi’s new location will allow the advertising and marketing services agency to combine its Atlanta facility with its Chicago photo studio. The building will include 17 photo studios, three kitchens for photography, four make-up rooms and a 20-foot high merchandise inventory warehouse. Additionally, the studio will feature 24-foot clear-height ceilings, one interior dock, two drive-in positions and on-site parking. Robert Finigan of OKW Architects is providing architectural services for the facility.
HOUSTON — The Houston office of Cushman & Wakefield of Texas (C&W) has negotiated the sale of an 18,000-square-foot warehouse and storage yard located at 3020 Greens Rd. in Houston. B. Kelley Parker, John Littman, Jon Farris and Coe Parker of C&W represented the seller, Cargo Forwarding International. The buyer, GC Remediation, was represented by Greg Usher of Cypressbrook Co. The acquisition price was not disclosed.
PHOENIX — Tin Cup Properties LLC has acquired a 25,129-square-foot general industrial complex, which is located at 5213 W. Lamar Rd. in Phoenix, for $1.65 million. At the time of acquisition, the property, which was built in 1982, was 100 percent leased. Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the buyer and the seller, 5213 West Lamar Road Industrial Complex LLC, in the transaction.
LOUDONVILLE, OHIO — Grubb & Ellis Co. has brokered the sale of One Merillat Court in Loudonville on behalf of Masco Corp. Beachwood, Ohio-based ITL Corp. has acquired the 447,774-square-foot industrial facility for $4.65 million. Features of the building, which sits on approximately 44 acres, include 20- to 40-foot ceiling heights, 20 docks with levelers and seven drive-in doors. The seller was represented by Terry Coyne of Grubb & Ellis’ Cleveland office.
BOLINGBROOK, ILL. — Chicago based-Equibase Capital Group, a real estate investment firm, has joined Denver-based Corum Real Estate Development, a real estate development firm, to build Crossroads Lake Distribution Center. Located at Crossroads and Veterans parkways, the facility will contain 270,000 square feet of warehouse space. Equibase will finance the investment through the firm’s discretionary real estate fund.
DFW AIRPORT, TEXAS — Cushman & Wakefield of Texas (C&W) has arranged the sale of a 151,845-square-foot industrial building located on a ground lease at 1011 Royal Lane in DFW Airport. The property is currently fully occupied by a tenant roster that includes Dallas Cowboys Merchandising and Direct Logistics. Kurt Griffin, Natalie Kampen and Wilson Stafford of C&W represented the seller, Bandera Ventures Ltd. The property was acquired by Cobalt Capital Partners.
HOUSTON — NAI Houston has completed the purchase of a 25,000-square-foot industrial facility located at 4400 Campbell in Houston. John Ferruzo of NAI Houston represented the buyer, DM Campbell. Barrett Gibson of Gibson & Granello Realty Partners represented the seller, 4400 Campbell LLC. The acquisition price was not disclosed.
LOS ANGELES — Stephen Grossman of Lee & Associates-Newport Beach Inc. has brokered the sale of 210 Self Storage, a 720-unit, 60,000-square-foot rentable self-storage facility in Los Angeles. Extra Space Storage Inc. purchased the property from Morelli Brothers Enterprises LLC for $7.5 million. The building was originally an industrial warehouse and was converted to a self-storage facility by the seller.
ROCHELLE, ILL. — ProLogis has signed a build-to-suit agreement with Westchester, Ill.-based Bay Valley Foods to develop a 600,000-square-foot distribution center for the company within the 300-acre ProLogis Park in Rochelle. Bay Valley Foods will use the LEED-certified building primarily as a warehouse and distribution center. Construction of the facility, which is located approximately 75 miles west of Chicago, is scheduled to begin this summer. At full build out, ProLogis Park will comprise approximately 4 million square feet of industrial space in 10 distribution facilities.
CAROL STREAM, ILL. — On behalf of Atlanta-based Seefried Properties, Krusinski Construction Co. has completed construction of an 112,000-square-foot speculative warehouse within the Kehoe Business Center in Carol Stream. The facility, which is located on a 6.2-acre site at 250 Kehoe Blvd., features 133 parking spaces, 18 exterior docks and two drive-in doors. Michael Metz, Stephen Moeller and Jeff Lycan of Krusinski were part of the project team.