BARTLETT, ILL. — FCL Builders has completed the new 85,760-square-foot distribution center for Get Fresh Produce at 1441 Brewster Creek Blvd. in Bartlett. The facility will be used for the distribution of produce and dairy products. It features six coolers totaling 21,600 square feet, an 18,600-square-foot cold storage dock, a 5,400-square-foot freezer, 14,905 square feet of office space and a 2,400-square-foot maintenance office. In addition, the building provides 17,000 square feet for additional expansion. The project has received LEED certification and is the first building in Bartlett to receive the designation. Sustainable features include low-flow water fixtures, a reflective roof, increased natural light with the building, drought-resistant landscaping, and the use of locally sourced and recycled construction materials. The project architect was Capital Design Ltd.
Industrial
PISCATAWAY, N.J. — Woodbridge, N.J.-based The Schultz Organization has brokered the sale of an 87,701-square-foot warehouse located at 239 Old New Brunswick Rd. in Piscataway. Situated on approximately 5 acres, the building features 24-foot clear ceiling heights, one drive-in bay, seven loading docks, two floors of office space that total 15,584 square feet and a new roof. Steven Schultz and Tony Georgiev of The Schultz Organization represented the undisclosed seller. The buyer and the acquisition price were also not disclosed.
DUNCAN, S.C. — Entertainment Publications a/k/a Sally Foster has renewed its 197,200-square-foot industrial lease with Malvern, Pa.-based Liberty Property Trust. The warehouse is located at 285 Parkway East in Duncan. Terms of the deal were not released. Liberty was represented by Bob Shaw of Columbia, S.C.-based Colliers Keenan, and Bob Barrineau of CB Richard Ellis’ Charleston, S.C., office represented the tenant.
CHICAGO AND SOUTH HOLLAND, ILL. — Chicago-based Paine/Wetzel • ONCOR International has brokered two Chicagoland industrial sales totaling 135,900 square feet. In the first transaction the firm completed the sale of a 121,000-square-foot industrial building, located at 2180 South Racine in Chicago, for more than $5 million. The building is partially leased and is situated on a 167,000-square-foot site, with room for expansion. Edward Wabick of Paine/Wetzel represented the buyer, ASB Acquisitions, which plans to redevelop the building into smaller spaces targeting users from 5,000 to 20,000 square feet. Paine/Wetzel’s Rodger Chenore, Albert Schulman and Jeffrey Girling represented the seller, 2180 S. Racine LLC. Additionally, Paine/Wetzel brokered the sale of a 14,900-square-foot flex building located at 16910 S. Westview Ave. in South Holland. The property includes 2,000 square feet of office space, 16-foot clear ceiling heights, an enclosed dock, an exterior dock, a drive-in door and a 50-space parking lot. The property was acquired by Thornton Township for $1.5 million; the township plans to use the building as its headquarters. Paine/Wetzel’s Lou DeSanto represented the seller, Frain Group. The buyer was represented by Ted Lagestee of Lagestee-Mulder Co.
JOHNSTON, R.I. — Marcus & Millichap has completed the $15 million sale of a 144,187-square-foot distribution center in Johnston. Located at Lakeside Commerce Center, directly off Interstate 295, the facility was built-to-suit for FedEx Ground in 2008. Situated on 22+ acres, the facility can be expanded up to 27,720 square feet. Glen Kunofsky and Jason Kauffman of Marcus & Millichap’s Manhattan office represented both the buyer and seller in the transaction. Steve Witten of Marcus & Millichap assisted locally. The property’s double-net lease commenced on June 1, 2008 and has a 10-year term that is set to expire in May 2018. FedEx has the option of extended the lease with two 5-year renewal options. The closing cap rate for the sale was 7.5 percent.
MALVERN, PA. — Liberty Property Trust has closed six mortgages totaling $317 million for various properties. Five mortgages were secured for industrial properties and one for office properties. Approximately one-half of the mortgage proceeds are through 3-year floating rate loans, each of which has two 1-year renewal options. The other half of the mortgage proceeds are through fixed rate, 7-year loans. The weighted average interest rate is approximately 7.1 percent. The financing was secured through several major life insurance companies.
MIAMI — Link Construction Group of South Florida has completed the 150,936-square-foot Building N in the 2.5 million-square-foot Ave Aviation and Commerce Center. The $8 million warehouse is the first property in the park, which is located on 178 acres near the Opa-locka Executive Airport in Miami. Building N was designed by Boca Raton, Fla.-based RLC Architects.
NEW YORK CITY — Massey Knakal Realty Services has completed two sales in New York City. First, the company negotiated the $1.35 million sale of a one-story, 8,315-square-foot industrial property located at 855 Humboldt St. in Brooklyn. The property is fully occupied by Calyer Street Metal, G.W. Works and Gate Master Corp. Massey Knakal’s Mark Lively represented the undisclosed seller. Massey Knakal also negotiated the $1.02 million sale of two six-unit apartment buildings located at 3520 and 3522 102nd St. in Corona, Queens. The units had been recently renovated. Massey Knakal’s Swain Weiner represented the undisclosed seller.
CARLSBAD, CALIF. — Aric Starck, Dennis Visser and Andy Melzer of Grubb & Ellis|BRE Commercial represented RREEF in the lease of 46,353 square feet of research and development space to Medtronic Inc. Ablation Frontiers, a division of Medtronics, will occupy the space, which is located at 2210 Faraday Ave., Suite 200, within Research Center Pointe in Carlsbad. Starck also represented Medtronic in the transaction. Further details of the lease were not disclosed.
MACON, GA. — John W. Rooker & Associates and the Macon-Bibb County Industrial Authority have completed a 100,000-square-foot warehouse in Macon. The multi-tenant property is located in the Ocmulgee Industrial Park at 538 Joe Tamplin Industrial Blvd. The development is the first in a planned multi-phase partnership between John W. Rooker & Associates and Macon-Bibb County. Bilijack R. Bell of Atlanta-based Wilson, Hull & Neal represented John W. Rooker in the transaction.