DORAVILLE, GA. — Reliable Tire Co. has leased an additional 56,000 square feet of warehouse space from Sealy Button Gwinnett. The property is located at 2351 Button Gwinnett Dr. in Doraville. John Crawford and Ray Dankberg of Grubb & Ellis’ Atlanta office represented the tenant.
Industrial
CONYERS, GA. — The flooring product manufacturer Amtico International has leased a 60,000-square-foot warehouse from Ranwal Properties for an undisclosed amount. The space, located at 2000 Sarasota Parkway in the Sarasota Business Park in Conyers, will be used as a customizing and finishing facility. The warehouse features 54,000 square feet of warehouse space and 6,000 square feet of office space. Atlanta-based Lavista Associates’ Bobby Mayson represented the landlord.
FRASER, MICH. — Lee & Associates of Michigan has completed two industrial leases in Fraser totaling 40,000 square feet. First, Car Guys Auto Sales leased 15,360 square feet at 32639 Groesbeck Highway. Jeffrey Buckler of Lee & Associates represented the landlord, Supply Den. Buckler also represented the undisclosed tenant in the leasing of 24,960 square feet of space at 6501 Sims Dr. The landlord was not disclosed.
NORWOOD, MASS. — Boston-based EagleBridge Capital has secured a $1.5 million mortgage for a 65,240-square-foot warehouse. The property is located at 340-346 Vanderbilt Ave. in Norwood’s Park Place Industrial Park. The warehouse is 100 percent occupied by Atlantic Technology, Prize Possessions, Tricrop Amusements, Hill-Rolm, Crown Clothing and Takara Belmont. EagleBridge’s Ted M. Sidel and Brian D. Sheehan arranged the loan.
HOUSTON — Geodis Wilson Projects USA Inc. has leased 61,780 square feet of industrial space at Port North One, a 158,940-square-foot warehouse/distribution building in Point North Cargo Park in Houston. Geodis Wilson is Duke Realty Corp.’s first tenant in the building. The company will occupy 39 percent of the space and utilize two acres of outside land for storage and freight consolidation and deconsolidation. Patrick Rollins of CB Richard Ellis represented Geodis Wilson in the transaction; Cory Driskill provided Duke’s in-house representation.
CHICAGO — Michael Nelson and Mark Nelson of Paine/Wetzel • ONCOR International have brokered two industrial transactions in Chicago. At 3715-3717 S. St. Louis Ave., the team, along with Paine/Wetzel’s Jeff Blake, represented the seller, Hei Yeng Kwok, in the disposition of a 110,000-square-foot industrial building. The Building Commission of Chicago, which was represented by Albert Schulman of Paine/Wetzel, acquired the property and plans to demolish the existing facility and redevelop the site for the Chicago public school system. Nelson and Nelson also negotiated the sale of a 36,684-square-foot building located at 11235 S. Cottage Grove in Chicago on behalf of the seller, Cook Financial. Recycle Tech Solutions purchased the facility, which features 23-foot clear ceiling heights and heavy power capacity. Frank Melchert and David Drew of Grubb & Ellis represented the buyer.
BROADVIEW, ILL. — Elmhurst, Ill.-based Darwin Realty & Development Corp. has brokered the sale of an 18,000-square-foot industrial building in Broadview. Darwin’s Daniel Fanelli represented the undisclosed seller in the transaction; Eileen Curry of Cibco Realty Corp. negotiated the transaction on behalf of the buyer, Harrison & Company. The distribution facility is located at 2421 S. 25th Ave., and features 3,000 square feet of office space, two interior docks and heavy power capacity.
CLINTON, S.C. — Griffin Capital has borrowed a $13 million loan for its 560,000-square-foot warehouse, located at 1702 Springdale Dr. in Clinton. Renfro Corp., a sock manufacturer, occupies the building. The 67 percent loan-to-value loan carries a 3-year term and was funded by a regional bank. Adam Levinson of Cohen Financial’s Skokie, Ill., office secured the loan.
IOWA CITY, IOWA — Two CORFAC International firms have joined together to represent a tenant in a 192,500-square-foot industrial lease in Iowa City. Alliance Display, a division of paper board manufacturer Rock-Tenn Co., leased the space, which is located at 2651 Industrial Park Rd. in the Scott Six Industrial Park. The business park is owned by Russell A. Gerdin Revocable Trust UWA. Kevin Crowley and Jason Lozano of Iowa Commercial/CORFAC International teamed up with Jeff Graham of King Industrial Realty of Florida/CORFAC International to represent Alliance Display and serve as the sole brokers in the deal. The tenant will use the space for the packaging of consumer goods in displaces made at the company’s main factory Winston-Salem, N.C. The lease is valued at more than $3.6 million.
WAUKEGAN, ILL. — Darwin Realty & Development Corp. has arranged three industrial leases in various buildings along Sunset Avenue in Waukegan. At 3731 Sunset Avenue, Patrick Shannon and Chris Gary of Darwin represented the tenant, Trifinity Partners, in a 130,000-square-foot lease. The distribution space features 30-foot clear ceiling heights, 14 exterior docks and two drive-in doors. Darwin also represented the landlord, ProLogis, in leasing 50,400 square feet of industrial space at 3800 Sunset Avenue to United Plastics. Shannon and Matthew Lewandowski negotiated the transaction on behalf of ProLogis. At 3830 Sunset Avenue, Shannon and Lewandowski brokered another 50,400-square-foot lease. The Darwin team represented both the landlord, ProLogis, and the tenant, Shogren Performance Marine.