LULA, GA. — Daniel’s Charters has purchased a 77,300-square-foot facility, located at 4336 Cornelia Highway in Lula, from Mountain Valley Community Bank for $2.82 million. The buyer will house its escorted tour operation, Daniel’s Discovery Tours, in the building. Scott Clayton of Atlanta-based Lavista Associates represented the buyer.
POMPANO BEACH, FLA. — Marshall Smith of Thomas D. Wood & Co. has secured a $3 million loan for the 118,217-square-foot Pompano Merchandise Mart industrial project. The three-building property is located at 2099 and 2101 W. Atlanta Blvd. in Pompano Beach. Southern Farm Bureau Life Insurance Co. provided funding for the 5-year, non-recourse loan. The loan carries a 6.5 percent interest rate and a 25-year amortization schedule.
MINNEAPOLIS — NorthMarq Capital has arranged $3.1 million in first-mortgage financing for Mid City Industrial Buildings, located in Minneapolis. The properties total 89,280 square feet and are located at 721-731, 724-740 and 771-783 Harding St. The loan includes a 5-year term with a 30-year amortization schedule. James Hoopes with NorthMarq’s Minneapolis office originated the loan on behalf of the undisclosed borrower through a correspondent lender.
AVONDALE, ARIZ. — Crescent Avondale LLC has acquired an 11,054-square-foot industrial property, which is located at 961 Eliseo Felix Way in Avondale. Situated on 3.93 acres, the property sold for $4.1 million. Thomas Semancik of Coldwell Banker Commercial Metro Central represented the buyer; Mark Phillips of Sperry Van Ness represented the seller, VJ Avondale LLC, in the transaction.
ORLANDO, FLA. — Office Depot has renewed its lease for 252,000 square feet of industrial space with Colony Realty Partners for an undisclosed amount. Terms of the lease were not released. The warehouse is located in Orlando’s Crossroads Distribution Center at 1151 Gills Dr. Matt Sullivan and Wilson McDowell of Colliers Arnold’s Orlando office represented the landlord.
BUFFALO GROVE, ILL. — Chicago-based Bridge Development Partners and San Francisco-based McMorgan & Company have leased 196,850 square feet of space within its newly completed speculative Aptakisic Creek Corporate Park to Hyper Microsystems Inc. The lease is for space within two buildings located at 1700 and 1701 Leider Lane in Buffalo Grove. Hyper Microsystems, which is a leading distributor and manufacturer of high-performance computer storage devices, leased an entire 146,850-square-foot facility, as well as 50,000 square feet within an adjacent 188,215-square-foot building. John Hauser and Charlie DesRosiers of Cushman & Wakefield represented Bridge Development in the transaction; Eric Fischer of NAI Hiffman negotiated the lease on behalf of the tenant. The buildings feature 30-foot clear ceiling heights and 16 loading docks each.
SUDBURY, MASS. — The Boston office of NorthMarq Capital has arranged $2 million for 33 Union Avenue, a 117,000-square-foot industrial building located in Sudbury. The property comprises 87,000 square feet of distribution space and 30,000 square feet of office space. It is currently leased to Staples Contract & Commercial. NorthMarq’s Joseph Hegenbart originated the loan, which was provided by Digital Federal Credit Union. The borrower was EB Realty. Terms of the loan were not disclosed.
HOUSTON — Malvern, Pa.-based Liberty Property Trust has received the Silver level of LEED-Core & Shell certification for Central Green Building #9, a 63,600-square-foot industrial facility located at 16680 Central Green Blvd. within the company’s Central Green Business Park in Houston. Constructed by Cadence McShane Construction Co., the project includes such sustainable elements as the use of recycled construction materials, a construction waste recycling program, the incorporation of green-certified wood, low-flow water fixtures, preferred parking for fuel-efficient vehicles and water-efficient landscaping. The building, which is occupied by locally based Crane Worldwide, includes a tilt-wall panel exterior, 24-foot clear ceiling heights, 22 exterior truck docks and 133 parking spaces. The project architect was Seeberger + Associates.
FORT WORTH, TEXAS — Hillwood Properties has leased 292,500 square feet of industrial space within Alliance Global Logistics Hub in Fort Worth. The space, which is located within the 562,500-square-foot Westport 20 building, will be occupied by Alliance Brokers Inc., an affiliate of Trans-Trade. The building is located in the newly created Alliance Heavy-Load Container Area, which provides heavy-load logistics support for the adjacent BNSF Intermodal Facility. The Westport 20 building is one of five speculative buildings totaling 1.8 million square feet that were completed between 2007 and 2008. Alliance Global Logistics Hub is part of the 17,000-acre, 29 million-square-foot AllianceTexas development.
MORENO VALLEY, CALIF. — Springfield, Mo.-based O’Reilly Automotive Inc. has acquired a 408,000-square-foot distribution center, which is located at 24520 San Michele Ave. within San Michele Distribution Center in Moreno Valley. The property sold for $25 million. The buyer plans to house a state-of-the-art conveyor system in the space. Jeff Hubbard and Scott Ostlund of Lee & Associates represented the seller, Springfield-based Ozark Automotive Distributors, in the transaction.