ST. LOUIS – Missouri-based Duke Realty Corporation has leased 182,483 square feet of industrial space to Fiserv, a provider of business critical communications, marketing services and plastic card production services. The space is at Duke’s Lindbergh Distribution Center in Hazelwood, Mo., which is northwest of St. Louis. The center, which opened in 2007, has 32-foot clear height ceilings, dock and drive-in loading, and abundant parking. The property is located at the corner of James S. McDonnell Boulevard and North Lindbergh Boulevard.
Industrial
HAMMOND, IND. – Jacobs Engineering, which recently won a contract to work on the expansion of an Indiana BP Amoco refinery, has leased 66,000 square feet in a deal orchestrated by Chicago-based Paine/Wetzel. Jacobs will occupy the entire industrial building at 3232 Calumet Ave. in Hammond, which is located near both Interstate 90 and the BP Amoco refinery.
HONOLULU — A local partnership, which includes owners of Ba-Le Restaurants and Island Flooring Company Inc., has acquired 900 N. Nimitz Highway in Honolulu for $20 million. The buyers will utilize portions of the property for their respective businesses. The two-story property is situated on four acres of fee-simple industrial mixed-use zoned land at the corner of Nimitz Highway and Alakawa Street in Honolulu’s Iwilei area. Scott Mitchell and Guy Kidder of Colliers Monroe Friedlander represented the seller, Weyerhaeuser, in the transaction.
LAS VEGAS — EastGroup Properties has purchased Arville Distribution Center in Las Vegas for $11 million. Constructed in 1997, the two-building business distribution complex offers 142,000 square feet of space. At the time of acquisition, the center was 77 percent occupied by eight tenants. The acquisition marks the company’s entry into Las Vegas. Additional details regarding the transaction were not released.
CHARLOTTE, N.C. — Albert’s Organics has signed a 43,290-square-foot lease for space in Dallas-based Westmount Realty Capital’s Logistics Pointe industrial center. The 1.1 million-square-foot development is located near the Charlotte/Douglas International Airport at 11922 General Dr. in Charlotte. Logistics Pointe is currently 86 percent leased, and additional tenants include Precision Framing Systems, which occupies 226,642 square feet. The Charlotte office of Colliers Pinkard represented Westmount in the lease.
SHOREVIEW, MINN. — Welsh Capital has secured a $4.35 million loan for a flex industrial property located in the Twin Cities suburb of Shoreview. The single-tenant building contains 70,826 square feet of office and warehouse space, and is located at 707 W. County Rd. The borrower received a new first and second mortgage for the property. Terms of the deal were not disclosed.
CARROLLTON AND LEWISVILLE, TEXAS — The Dallas/Fort Worth office of Lee & Associates has brokered two industrial transactions. In the first deal, Commander Properties disposed of a 17,088-square-foot property located at 3218 Commander Dr. in Carrollton. Adam Strittmatter and Nathan Denton of Lee & Associates represented the seller. The buyer, William L. Bryan & Associates, was represented by Matt Thompson of Colliers International. In the second deal, Broadtech Inc. signed a lease for 62,847 square feet of industrial space at 1401 Lakeway Drive, located in Lewisville. Ken Wesson and Greg Nelson of Lee & Associates represented the landlord, Cabot Properties. The tenant was represented by Grant Laughlin of Laughlin Commercial.
PLACENTIA, CALIF. — M&M Acquisitions has acquired a 26,285-square-foot industrial building for $3.9 million. The property is located at 1700 Barcelona in Placentia. Paul Gingrich of DAUM Commercial Real Estate Services represented the buyer; Chris Migliori, also of DAUM, represented the seller, Weise Living Trust, in the transaction.
LEOMINSTER, MASS. — The Stubbledine Company/CORFAC International has completed the sale of a 152,000-square-foot industrial building, located at 163 Pioneer Dr. in Leominster. The building is a single-story, rail-served manufacturing facility that is situated on 13.3 acres. It is fully leased to three tenants. The Stubbledine Company represented the buyer, Framingham, Mass.-based AIS Development, as well as the seller, AP Realty. The acquisition price was not disclosed.
BRIDGEWATER, N.J. — United Parcel Services (UPS) has renewed its lease for 26,000 square feet at Bridgewater Business Park, located in Bridgewater. The park comprises 19 flex buildings totaling approximately 423,000 square feet and is owned by New Jersey-based Denholtz Associates. Terms of the lease were not disclosed.