ELWOOD, ILL. — Binswanger has completed a build-to-suit agreement on behalf of Bissell Homecare for a 500,000-square-foot distribution facility located in Elwood. The facility will be developed and built by CenterPoint Properties on 35.89 acres within the developer’s CenterPoint Intermodal Center, and will serve as Bissell’s Midwest distribution center. Completion is scheduled for the end of the year. Binswanger provided site selection, as well as negotiation and transaction services on behalf of Bissell, and will provide project management services for the building’s construction.
Industrial
NEW YORK CITY — Stonehill Development is currently constructing Meserole, a luxury condominium development located at 127-129 Meserole St., in the Williamsburg neighborhood of Brooklyn, New York City. The four-story condominium will feature 16 units ranging from 654-square-foot studios to 1,573-square-foot one-bedroom residences. Designed by Karl Fischer, the units will feature 9-foot ceilings, hardwood floors, gourmet kitchens and private balconies. The homes start at $420,000. The Developers Group is the exclusive sales and marketing firm for the project.
LEWISVILLE, TEXAS — Majestic Realty Co. is nearing completion on three speculative buildings that total 1.35 million square feet at Majestic Airport Center DFW in Lewisville. The Class A industrial facilities comprise Building 1, which spans 130,000 square feet; Building 2, which totals 194,000 square feet; and Building 3, which is the largest speculative industrial building to date in the Dallas/Fort Worth area at 1.02 million square feet. Majestic Airport Center DFW, a joint venture between Majestic Realty Co. and Northwestern Mutual, is a seven-building, master-planned industrial park that will offer 3 million square feet of Class A industrial space upon completion.
HOUSTON — Andrew Sowell, Clay Peeples and Bo Pettit of Houston-based Boyd Commercial have negotiated the sale of a freestanding, tiltwall, office/warehouse facility in Houston. Luber Brothers Inc. purchased the 21,500-square-foot, 2.5-acre property, which is located at 15375 Vantage Pkwy. East, from Turnkey Building & Design.
EL CAJON, CALIF. — Pacific Fletcher Parkway LP and Gloria M. Schiff Family Trust have purchased a 40,910-square-foot industrial building, which is located at 1100 N. Magnolia Ave. in El Cajon. Burer Family Investments LP sold the property for $5.8 million. Pacific Realty Advisors represented the buyer; Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
LAS VEGAS — Rexallen1 Series LLC has acquired Post Industrial Park in Las Vegas for $3.08 million. Located on West Post Road, the property offers 15,936 square feet of industrial space. Brian Riffel of Colliers International – Las Vegas represented the seller, Post Industrial Park, in the transaction. Additionally, Riffel represented Hayman Properties LLC in the acquisition of 8,745 square feet of industrial space at Arville Teco Industrial Park in Las Vegas. Ned Stephenson Trust sold the property for $1.58 million. Brian Houser of Albright Callister represented the seller in the transaction.
SANFORD, FLA. — Miami-based Storesafe Sanford has acquired a 2.3-acre land parcel for the future development of a climate-controlled self-storage facility in Sanford, from Orlando, Fla.-based Flagship Development, for $1.5 million. The property is located at 1811 Rinehart Rd. Mark Cooney of GVA Advantis’ Tampa, Fla., office represented the buyer, and the seller was represented in-house.
RICHMOND, VA. — Flagstop Carwash has acquired a 1.7-acre property in Richmond, from Royal Oldsmobile Co., for $1.3 million. The company will build its second Flagstop Express Wash on the site, which was formerly a truck center. The property is located in the West End at 9820 E. Parham Road. Millard Jones of Thalhimer | Cushman & Wakefield’s Richmond office negotiated the sales transaction on behalf of the buyer and the seller.
NEW BRAUNFELS, TEXAS — Greg Marberry of CB Richard Ellis (CBRE) has represented Cleveland, Ohio-based Weston Inc. in the purchase of the Moll Building in New Braunfels. The facility, which is located at 710 FM 306, spans 102,940 square feet. Weston has leased the property to EH Systems.
HOUSTON — Doug Bates of Henry S. Miller Commercial has represented Louisiana-based investor Robert Leavines in the sale of 2.47 acres at the 12900 block of FM 529 in Houston. A local commercial real estate developer, 12926 FM 529 LLC, purchased the site. The buyer plans to develop a single-tenant or multi-tenant office/warehouse building on the tract. Steve Kuper and Mark Ward of National Realty Group represented the buyer.