BATON ROUGE, LA. — Houston Wire and Cable has signed a 22,200-square-foot lease for space in the Baton Rouge 6 building in New York-based Lightstone Group’s Industriplex Business Park, located in Baton Rouge. Jennifer Lee of Shreveport, La.-based Sealy & Co. represented Lightstone Group in the lease. Sealy & Co. has currently leased 93.3 percent of Lightstone’s South Louisiana portfolio.
EDEN PRAIRIE AND PLYMOUH, MINN. — Minneapolis-based Welsh Capital has arranged $5.95 million in funding for a multi-tenant industrial portfolio located in Eden Prairie and Plymouth. The non-recourse, fixed-rate refinancing was secured at a rate below 5 percent on a 25-year amortization schedule. The funding was provided by an undisclosed bank.
HOUSTON — NAI Houston has brokered the acquisition of a 21,000-square-foot industrial facility located within Cutten Road Business Park in Houston. NAI’s John Ferruzzo and Joel Michael represented the buyer, Adams Valves Inc. Charlie Christ provided in-house representation for the owner and developer of the facility, locally based Clay Development & Construction. The acquisition price was not disclosed.
WOOD DALE, ILL. — American Procurement & Logistics, a subsidiary of Eden Prairie, Minn.-based SuperValu Inc., has renewed its 440,000-square-foot warehouse lease in the O’Hare market of Wood Dale. The property, which is owned by AMB Property Corp., includes 30-foot clear ceiling heights and 76 docks. SuperValu has been a tenant of the building since it was developed as a spec facility in 1998. Steven Podolsky and Jonathan Stein of Podolsky Northstar CORFAC International represented SuperValu in negotiations; AMB Property Corp. was represented in-house by Carter Andrus. Dan Halprin of Bloomfield Hills, Mich.-based Dawda, Mann, Mulcahy & Sadler PLC provided legal representation to AMB Property Corp. SuperValu was represented in-house on the legal side by Joel Guth. Additional terms of the lease were not disclosed.
CHICAGO — Lawrence Much, Stephen Connolly and Irv Malik of NAI Hiffman’s industrial services group have represented KTR Capital Partners, a New York City-based private equity fund manager and operating company, in leasing 175,000 square feet of build-to-suit warehouse space in Chicago to Preferred Freezer. The lease is for space within KTR’s recently acquired LEED-certified freezer/cooler property, formerly a Dominick’s distribution facility, located on West Ann Lurie Place along Interstate 55. The warehouse features 60-foot clear ceiling heights, 18 dock doors and 30 trailer parking spaces.
CHICAGO — Locally based Matanky Realty Group has brokered the sale of a 6,044-square-foot, single-story warehouse building located at 2920 North Elston Ave. in Chicago. Both the buyer and seller were not disclosed. The property was listed at $700,000. Malik Elliot and Terri Cox of Matanky Realty Group represented the seller; Kathleen Cordes of Prudential Preferred Properties represented the buyer in the transaction.
CARROLLTON, TEXAS — The Dallas/Fort Worth office of Lee & Associates has brokered the sale of a 91,257-square-foot industrial building located at 1432 Macarthur Blvd. in Carrollton. Lee & Associates’ Greg Nelson and Ken Wesson represented the seller, Fastenal Co.; the buyer, RTC Properties, was represented by Brian Pafford and Kevin Santaularia of Dallas-based Bradford Cos. The acquisition price was not disclosed.
BOLINGBROOK, ILL. — Saratoga Food Specialties has signed a lease for 150,249 square feet of industrial space located at 771 W. Crossroads Parkway in Bolingbrook. Corum Real Estate Group owns the 269,662-square-foot facility that was recently completed within the Crossroads Lakes Business Park. The transaction was valued at approximately $7 million. The pre-cast building features 30-foot clear ceiling heights, an ESFR sprinkler system and eight exterior docks. Saratoga Food Specialties’ space includes a 15,000-square-foot office component and a 20,000-square-foot production/lab area. The company, which is relocating from its former facility in Elmhurst, Ill., is expected to take occupancy at the building this spring. David Bercu in the Industrial Services Group of Colliers Bennett & Kahnweiler represented Corum Real Estate Group; John Schwarze of Epic/Savage Realty Partners represented Saratoga Specialties in negotiations. Additional terms of the lease were not disclosed.
SAN DIEGO — SBDG Investments LLC, which specializes in hospitality textile solutions, has purchased a 9,510-square-foot industrial building. The property is located at 4787 Cardin St. in the Kearny Mesa submarket of San Diego. Hanover Investment Group Limited Partnership sold the property for $1.9 million. Bryce Aberg, Brant Aberg and Sam Wasserstein of Grubb & Ellis|BRE Commercial represented the buyer; Glen Volk and Randy LaChance of Voit Commercial Brokerage represented the seller in the transaction.
BALTIMORE — Atlanta-based ARCO Design/Build has commenced construction on a 155,000-square-foot office and cold storage distribution center for Merchants Terminal Corp. The property is located in Baltimore adjacent to the city’s port. Delivery is expected this summer. Roswell, Ga.-based Randall-Paulson Architects designed the property.