LITTLETON, MASS. — The Stubbledine Company and CB Richard Ellis have completed a lease for 60,000 square feet of industrial space at Littleton Distribution Center, located in Littleton. The space will be occupied by Curtis-Straus, a Bureau Veritas company. Micah Stubbledine and David Stubbledine of The Stubbledine Company represented the tenant. Jeff Hamilton and Bob Gibson of CB Richard Ellis – New England represented the landlord, PR Littleton Expansion LLC. Terms of the lease were not released.
Industrial
MUSKEGON, MICH. — Grubb & Ellis|Paramount Commerce has represented both parties in the sale of a 239,659-square-foot industrial facility located at 1450 E. Laketon in Muskegon. Laketon Ave12 LLC has purchased the building from HRE Muskegon LLC for an undisclosed amount. The facility was part of a five-building portfolio owned by Hilco. Kurt Suidinski of Grubb & Ellis|Paramount Commerce represented the buyer; Randy Bronkema and Steve Wilson, also of Grubb & Ellis|Paramount Commerce represented the seller in the transaction.
BENSENVILLE, ILL. — Atlanta-based MailExpress has opened its new Customer Processing Center in Bensenville. The 40,000-square-foot building is more than twice the size of the company’s previous facility, which was also located in suburban Chicago. With a capacity to process more than 1.5 million packages per week, the new facility will serve much of the upper Midwest region. In addition to the Midwest regional facility, MailExpress is preparing to open its 18th distribution center this month in Salt Lake City.
FORT WORTH, TEXAS — The grand opening has been held for the corporate headquarters of Peregrine Point, located at 13537 Heritage Pkwy. in Fort Worth. Situated within the AllianceTexas industrial development at the southeastern edge of Fort Worth Alliance Airport, the facility will comprise 10,000 square feet of offices in front of two connected aircraft hangars. Peregrine Point, a startup aviation company, operates passenger and cargo flights. It presently owns two planes, a Gulfstream 450 and a Boeing 737-700C. The headquarters was designed by Roanoke, Texas-based RGA Architects and Oklahoma City-based FSB Aviation.
HOUSTON — NAI Houston has brokered the lease of a 30,000-square-foot industrial building located at 2510 Beltway 8 in Houston. John Clark and Darren O’Conor of NAI represented the tenant, Global Tech Motors, in the transaction. The landlord, 2510 Sam Houston Parkway LLC, was represented by Greg Williams of Pasadena, Texas-based Qualified Properties. Terms of the lease were not disclosed.
ORLANDO, FLA. — Orlando-based Keene Construction Co. has completed Higgins Development Partners’125,000-square-foot Centergate at Lee Vista. Located at the intersection of McCoy Road and TPC Boulevard in Orlando, the $7 million warehouse property encompasses three buildings and features 24-foot clearance. Tampa, Fla.-based Horton, Harley and Carter provided design services.
ORLANDO, FLA. — Ocala, Fla.-based Edwards Construction Services has completed a 19,400-square-foot interior build-out for Paychex at the company’s Florida Fulfillment Center. Located at 6870 Shadowridge Dr. in Orlando, the $2 million project features heating, ventilating and air conditioning systems and a closed-circuit television system. Orlando-based Abbott True Electric provided electrical work on the facility.
SCHAUMBURG, ILL. — Grubb & Ellis has brokered the sale of a 110,000-square-foot multi-tenant industrial building located at 2401 Palmer Dr. in Schaumburg. American Asset Management Services purchased the facility from Waterton Associates for $6 million. Tenants at the building include Cricket Communications, Sun Cap and DG Printing. Mike Wilson and Erik Foster of Grubb & Ellis’ Capital Markets Group facilitated the transaction.
ORLAND PARK AND WHEELING, ILL. — Marcus & Millichap has represented both parties in the sale of an industrial office/warehouse property located at 11535 West 183rd Place in Orland Park. The 43,910-square-foot Orland Park Business Center, which was 92 percent occupied at the time of the sale, was acquired by an undisclosed limited liability company. The corporate park commanded a sales price of $3.8 million. John Abuja in Marcus & Millichap’s Chicago Downtown office represented both parties in the transaction. In Wheeling, Abuja has also arranged the sale of 60,845 square feet of flex office space located at 5110-6360 Capitol Dr. The transaction includes four buildings situated on an approximately 5.4-acre land parcel. Both the buyer and seller were not disclosed. The office property was acquired for $6.2 million.
MENOMONEE FALLS, WIS. — NAI MLG Commercial has arranged the sale of a 27,300-square-foot industrial facility located at N60 W14630 Kaul Ave. in Menomonee Falls. Product Miniature Co. has purchased the building from Power Test Inc., which is relocating to a 65,000-square-foot facility in Sussex, Wis. Product Miniature Co. is relocating its plastic mold division from West Allis, Wis., to the new building. The purchase price was $1.35 million. Stephen Provancher and Adam Matson of NAI MLG Commercial represented the seller; Tom Haska, also of NAI MLG Commercial, represented the buyer in the transaction.