HOUSTON — NAI Houston has brokered the purchase of a newly constructed, 50,740-square-foot industrial building located at 8550 Telephone Rd. in Houston. NAI’s Chris Caudill and Joel Michael represented the buyer, Metal Works Properties. The seller, Cerda Corp., was represented by Stuart Rosen of Greater Houston Commercial Properties. The acquisition price was not disclosed.
JESSUP, MD. — Vienna, Va.-based Feld Entertainment has leased 74,430 square feet of space and renewed its lease of 142,098 square feet in two Jessup warehouses. The firm, which produces entertainment such as Disney on Ice and Disney Live!, now occupies 8230 and 8241 Sandy Court. The two properties will house Feld’s distribution and merchandise storage operations. Paul Schweitzer and Stuart Diamond of Studley’s McLean, Va., office represented the tenant in the transaction.
MOUNT PLEASANT, TEXAS — Philadelphia-based Binswanger has brokered the sale of a 162,290-square-foot industrial building, located at 1106 Industrial Blvd. in Mount Pleasant. The facility includes up to 27-foot clear ceiling heights, truck loading capability and rail access. Binswanger represented the seller, Mastercraft. The buyer, Pace Shave, plans to use the facility as a regional distribution center. The acquisition price was not disclosed.
COMMERCE, CALIF. — ACCO Engineering Systems has purchased a 150,000-square-foot industrial property, which is located at 6446 E. Washington Blvd. in Commerce. Joseph T. Ryerson & Son Inc. sold the property for $15 million. Paul Sablock, Greg Matter, Barry Hill and Zac Sakowski of Jones Lang LaSalle represented the buyer; Jack Whalen of McKinney Travers represented the seller in the transaction.
NEW YORK CITY — Kalmon Dolgin Affiliates (KDA) has completed the $1.2 million sale of 180-02 Eastgate Plaza, a one-story, 7,000-square-foot commercial property located in the Springfield Gardens neighborhood of Queens, New York City. The facility includes 4,000 square feet of office space, 3,000 square feet of warehouse space, along with a drive-in door and an additional 3,500 square feet of parking. Dmitri Gourianov of KDA represented both the buyer, TNT Construction, and the seller, Eastgate Plaza LLC, in the transaction. Financing for the acquisition was provided by Community National Bank through an SBA loan.
CHELMSFORD, MASS. — Klemmer Associates has completed the $2.2 million sale of a 51,709-square-foot building in Chelmsford. Klemmer represented the seller, Whitewater Realty Trust in the sale. The facility, which is situated on 4.2 acres at 275 Billerica Rd., was purchased by Shaimas, LLC. O'Brien Commercial Real Estate represented the buyer in the transaction.
CHATTANOOGA, TENN. — Graycor Construction Co. will break ground on $63 million worth of buildings for Volkswagen’s new $1 billion Chattanooga facility at the end of April. Graycor will build the assembly and body shops, the technical center and a social area for Volkswagen. More than 60 percent of the job will be sourced to local contractors, and 11 percent will be sourced to minority-owned suppliers.
ELWOOD, ILL. ¬— Morgan/Harbour Construction Co. has completed the fast-track construction of a 500,000-square-foot Midwest headquarters and distribution facility for Grand Rapids, Mich.-based BISSEL Homecare Inc. The build-to-suit warehouse is located on 35.89 acres at Route 53 and Walter Strawn Road within the CenterPoint Intermodal Center in Elwood. The building is expandable up to an additional 250,000 square feet, and features 32-foot clear ceiling heights, 120 cross docks and four drive-in doors. BISSEL is relocating to its new facility from Joliet, Ill. Morgan/Harbour was selected to build the project by CenterPoint Intermodal Center developer CenterPoint Properties.
CHICAGO — Albert Schulman of Paine/Wetzel • ONCOR International has brokered three industrial transactions in Chicago. At 1300 Exchange Ave., Schulman has negotiated the sale of a 95,000-square-foot building. Amenities include an enterprise zone, an empowerment zone and TIF district. An investment company that owned the property for more than 40 years sold it to 1300 Exchange Trust. Schulman also represented Sign-O-Rama in its acquisition of a 3,000-square-foot building located at 4443-4445 W. Oakton St. in Skokie, Ill. The facility was formerly occupied by Sherwin Williams. The seller, an out-of-town investors, was represented by Ross Goldstein of Hallmark Johnson Realty. Along with Paine/Wetzel’s Michael Nelson, Schulman has negotiated an 8,448-square-foot lease at 1454 W. Willow St. in Chicago on behalf of the landlord, Elston Industrial Lofts. The space has been leased by Orion’s Mind LLC, which negotiated the lease in-house, will use the space within the newly remodeled building as its new corporate office.
EASTON, PA. — Denver-based ProLogis has leased 420,000 square feet of distribution space within ProLogis Park 33, located in Easton, to B Foods Inc. The dry-food manufacturer and distributor will be consolidating logistics operations from two of its existing facilities into the new location. ProLogis Park 33 is a two-building distribution park that contains 1.8 million square feet of space. The largest tenant at the park is BMW, which occupies 870,000 square feet of Building II, a facility that was built-to-suit in December 2008. Terms of B Foods’ lease were not disclosed.