PHOENIX — Phoenix-based Forever Neutraceutical LLC has purchased a 69,120-square-foot industrial building, which is located in Maricopa Freeway Center at 4114 E. Wood St. in Phoenix. The property sold for $2.8 million. The seller was Los Angeles-based 228-32 West 42nd Street Realty Corp. Ron Walker of Scottsdale, Ariz.-based Walker Commercial Realty Inc. represented the buyer; Kevin Cosca, Pete Wentis and Pat Collins of CB Richard Ellis represented the seller in the transaction.
SAN DIEGO — Treviso LP has completed the disposition of a two-story, 34,000-square-foot industrial building, which is located at 4153-4183 Market St. in San Diego. Center For Employment Training, a private, 501(c)(3) non-profit organization, purchased the property for $3.35 million. The buyer plans to use the property for its training programs and administrative functions. Tim Mills and Travis Ahern of Cushman & Wakefield represented both parties in the transaction.
MONROE TOWNSHIP, N.J. — The Cranbury, N.J., office of Matrix Development Group has acquired Mid-Atlantic Corporate Center, an 80-acre business park located in Monroe Township. The property, which was renamed Matrix Corporate Campus, comprises 13 buildings totaling more than 342,000 square feet of office, laboratory and flex space. Prominent tenants include Innophos Inc., a phosphate producer that operates its 48,000-square-foot worldwide headquarters out of the campus. The seller, was Pennsylvania-based Preferred Unlimited. Negotiating the transaction were Newmark Knight Frank and Fennelly & Associates. The acquisition price was not disclosed.
HARTFORD, CONN. — The Hartford office of CB Richard Ellis (CBRE) has secured $12 million in permanent construction financing for a new industrial project in Hartford. Known as 100 International Drive, the project will consist of a 304,200-square-foot, build-to-suit facility for TireRack Inc. with the ability to expand by an additional 148,800 square feet. It will be situated on a 58-acre site within the New England Tradeport, a 600-acre business park located between the townships of Windsor and East Granby. Mike Riccio of CBRE’s Capital Markets Debt & Equity Finance division originated the non-recourse loan, which includes an initial 12-month term with a rate based on LIBOR, followed by a fixed rate. The lender was Berkshire Bank and the borrower was Griffin Land.
WASHINGTON TOWNSHIP, N.J. — Sheldon Gross Realty has arranged a 125,580-square-foot lease at 4012 Cabot Dr. in Washington Township. The tenant, Connecticut-based Eastern Bag & Paper Co., previously occupied a 50,000-square-foot distribution center located in South Brunswick, N.J. The company’s new facility, which is located within a 600,600-square-foot building within I-195 Business Park, is owned by AEW Capital Management. Terms of the lease were not disclosed.
DALLAS — Dallas-based TIG Real Estate Services has brokered a long-term lease for a 419,626-square-foot industrial building located at 8901 Forney Rd. in Dallas. The building features 28-foot clear ceiling heights, rail access and dock-high loading. It is located within the approximately 200-acre Eastpoint Business Park. TIG’s Tom Smolik and Michael Grant represented the landlord, Easpoint Business Center. The tenant, Shippers Warehouse, was represented by Al Leon and Trip Leon of Leon Brothers Real Estate. Shippers Warehouse will use the facility as its headquarters.
GURNEE, ILL. — Chicago-based Paine/Wetzel•ONCOR International has arranged three commercial buildings sales across the Chicagoland. In Gurnee, Whit Heitman and Samuel Badger Jr. of Paine/Wetzel represented Levy Organization in the disposition of a 76,000-square-foot industrial building located at 4012 Morrison Dr. Midwest Exchange, which is a recycling firm, acquired the property in order to relocate from its prior headquarters in Franklin Park, Ill. Jason Lev of CB Richard Ellis represented Midwest Exchange in the transaction. Paine/Wetzel’s Theresa Gleason has represented both buyer and seller in the sale of an 8,001-square-foot office building located at 221 Lively Blvd. in Elk Grove Village. Benchmark Imaging & Display acquired the facility from an undisclosed seller. Also in Elk Grove Village, Gleason negotiated the sale of a 5,000-square-foot office building at 125 Randall Rd. on behalf of the seller, LSS Limited Partnership, and the buyer, Dyros Electric.
HOUSTON — The Houston office of CB Richard Ellis (CBRE) has brokered a build-to-suit lease agreement in Houston. A.E.N. Farrell LP dba TNRG has agreed to construct an approximately 98,850-square-foot flex warehouse facility at the northwest corner of Aldone Westfield and Farrell roads for Chicago-based LKW Best Automotive Corp. CBRE’s Bill Rudolf represented the tenant; Steve Adkisson and Jim Nelson of TNRG provided in-house representation for the landlord. The construction timetable was not released.
HOUSTON — Houston-based Transwestern has leased 65,371 square feet of industrial space at Park 288 in Houston. Sharps Compliance Corp. will occupy 65,371 square feet of industrial space at the center, a two-phase, 567,675-square-foot industrial complex located at the intersection of Reed Road and Highway 288. Phase I of Park 288, which was developed by Transwestern, comprises three warehouse/office buildings that total 268,425 square feet. Transwestern is currently marketing land for the second phase of construction. Park 288 totals approximately 50 acres.
CHARLESTON, S.C. — Indianapolis-based Lauth has completed construction of the 390,180-square-foot North Pointe Building Four in Charleston’s North Pointe Industrial Park. The Class A warehouse is located 4 miles from the Port of Charleston and 5 miles from Interstate 26. Building amenities include 32-foot ceilings and 100 dock doors. North Pointe Four is the first of two new warehouses under construction in the park.
