BELOIT, WIS. — Coldwell Banker Commercial (CBC) McGuire Mears & Associates has brokered the sale of an approximately 6,500-square-foot industrial property, located at 1611 and 1621 Gale Dr. in Beloit. CBC’s Barry Badertscher represented the seller, locally based Beloit Sign/Design Inc.; Dave McGrath of McGrath Realty represented the buyer, Jakin Enterprises. Terms of the deal were not released.
KANSAS CITY, MO. — Advanced Logistics & Fulfillment (ALF) has expanded its lease at SubTropolis, a subterranean industrial park located in Kansas City. ALF will increase its footprint at the park from 89,440 square feet to 129,575 square feet. Terms of the lease were not disclosed. SubTropolis totals approximately 5 million square feet and is the world’s largest underground business complex. It is owned by locally based Hunt Midwest.
ELGIN AND BENSENVILLE, ILL. — Lee & Associates of Illinois has brokered a lease renewal for 25,702 square feet of warehouse space at 1370 Gateway Dr. in Elgin. The tenant is ADMO. Steve Bass of Lee and Jason Talanian of Lowenbaum REP represented the landlord, Knebl Real Estate. In addition, Chris Nelson, also of Lee, represented Helix USA in the renewal of 25,703 square feet of warehouse space at 1161 Ellis St. in Bensenville. Kevin Segerson of CB Richard Ellis represented the landlord, Invesco Real Estate. Terms of both leases were undisclosed.
GRAND PRAIRIE, TEXAS — Henry S. Miller Brokerage (HSMB) has arranged a lease for 10,000 square feet of industrial space at 1171-1175 109th St., located in Grand Prairie. Situated on 2.38 acres, the multi-tenant building is located adjacent to the Union Pacific Railroad. With this most recent lease, the building is fully occupied. HSMB’s Jim Hazard represented the landlord, Gardner Properties. The tenant, Xtra Lite Lighting/Environment Lighting Service, was represented by Michael Stanzel of NAI Robert Lynn. Terms of the lease were not disclosed.
FONTANA, CALIF. — Bally Development has acquired Phelan Logistics Center, a 290,650-square-foot Class A industrial building located at 15889 Slover Ave. in Fontana. Bally plans to use the 12-acre property as its primary West Coast distribution center for Maxzone Auto Parts. The financial terms of the transaction were not disclosed. Joe Lin and Jeff Smith of Lee & Associates’ Ontario, Calif., office represented the buyer; Bill Heim and Eloy Covarrubias, also of Lee & Associates, represented the seller, Catawba JP/DF, in the deal.
DORAVILLE, GA. — S&P Investment, also known as Central Pipe and Supply, has signed a lease expansion and renewal with ProLogis for 90,317 square feet of warehouse space. The property is located at 4164 Northeast Expressway in Doraville. The company originally leased 20,000 square feet in the warehouse in 2001. Ed Riggins of CresaPartners’ Atlanta office represented the tenant. Jeff Lucas served as in-house representation for ProLogis.
BEDFORD PARK, ILL. — Chicago-based Ridge Property Trust has leased 200,000 square feet of industrial space at Bedford Park Corporate Center, a 50-acre business park located in Bedford Park, to distribution company M. Block & Sons. The tenant plans to take occupancy in the fall. Jeff Locascio of Epic Realty Partners represented M. Block & Sons in lease negotiations. Ridge Property Trust was represented by Sally Macoicz of Cushman & Wakefield. Bedford Park Corporate Center consists of three buildings totaling more than 1 million square feet of industrial and office space.
OCONTO FALLS, WEST ALLIS AND GERMANTOWN, WIS. — NAI MLG Commercial has brokered three Wisconsin industrial deals. In Oconto Falls, North Shore Bank sold a 6,000-square-foot industrial property, located at 221 Jackson St., to JCV Investments. Patrick Connor of NAI represented both parties. In West Allis, Northern Brewer leased 11,000 square feet of space, located at 1306 S. 108th St., from 1330 LLC. NAI’s Scott Satula represented both parties. In Germantown, Price Transport leased 8,000 square feet of space, located at N114 W19049 Clinton Dr., from Smart Associates. NAI’s Barry Chavin represented the tenant, and Stephan Stewart and Lyle Lewandowski of Inland Cos. represented the landlord.
ALLENTOWN, PA. — CB Richard Ellis (CBRE) has negotiated a 92,143-square-foot lease at 7339 Industrial Blvd. in Allentown on behalf of the tenant, Inmar CLS Reverse Logistics. CBRE’s Joseph McDermott, Vincent Ranalli and Wit Truitt brokered the 5-year deal. Situated in Lehigh County, the property is a high-bay industrial facility owned by Liberty Property Trust. Located at the intersection of I-78 and Rt. 100, the building features 30-foot clear ceiling height, 16 loading docks, T5 lighting and an ESFR sprinkler system. The property is situated in an industrial park setting with many other large companies including Kraft, Millard Refrigerated Services, Kia Motors, Behr, Owens & Minor and others. The financial details of the transaction were undisclosed.
DALLAS — ProLogis has leased 268,000 square feet of distribution space at Northgate Distribution Center, one of the REIT’s industrial parks that is located near Interstate 635 in northeast Dallas. The space, which is located within the approximately 535,000-square-foot Building 18, will be occupied by locally based logistics provider Speed FC. The company already occupies 268,000 square feet within Building 18 and will use the additional space to accommodate the growth of its business. The company has leased a total of 854,000 square feet of industrial space from ProLogis in Dallas and Columbus, Ohio. This most recent lease brings Building 18 to full occupancy. Terms of the lease were not disclosed.