WARREN, MICH. — Grubb & Ellis has arranged the acquisition of two industrial buildings located at 22100 and 22200 Sherwood Ave. in Warren. Great Lakes Electronics Corp. has purchased the facilities, which total 95,922 square feet, for an undisclosed amount. The company is relocating to the property from Detroit. The location supports the processing of scrap metal, which is a new business endeavor for the company. Daniel Canvasser and Mike Davidson in the Industrial Group of Grubb & Ellis facilitated the transaction. The seller was not disclosed.
MUNDELEIN, ILL. — Downers Grove, Ill.-based Champion Realty Advisors has brokered the acquisition of a 41,913-square-foot multi-tenant industrial facility located at 408 Washington Blvd. in Mundelein. Collins Estate LLC has purchased the facility for an undisclosed amount, and will be relocating its business to the new location. The building, which is situated on a 4.23-acre site, includes 6,000 square feet of office space, three exterior docks, one interior dock and three drive-in doors. Rich Antczak of Champion Realty Advisors represented the buyer; Steve Sullivan of NAI Hiffman represented the seller, Journeys End Real Estate Partnership, in the transaction.
CHARLOTTE, N.C. — Burkert Contromatics Corp. of Germany has leased 38,500 square feet in the Whitehall Tech Center from FORT Properties. The lease, which expires in 2014, expands Burkert’s current warehouse space by 22,500 square feet. The 204,900-square-foot center consists of two fully leased buildings located on Whitehall Park Drive in Charlotte. Bill Wood of Charlotte-based Trinity Partners Industrial Property Services represented the owner along with FORT Properties’ Robert Alter. Trinity’s Terry Brennan represented the lessee.
CHANDLER, ARIZ. — Q10|Dwyer-Curlett has arranged a $16.25 million permanent construction loan through The Guardian Life Insurance Company of America. The loan is for a three-building, 133,122-square-foot business park, which is slated for development in Chandler. The borrower was not disclosed.
CALIFORNIA — NAI Capital’s Newport Beach, Calif., office has brokered two deals totaling more than $3.5 million in California. In the first transaction, David Knowlton of NAI Capital and David Bauman of NAI Utah represented the seller, Corporation of the Presiding Bishop of the LDS, in the sale of 4 acres of vacant land, which is located at 10635 N. Woodman Ave. in Mission Hills. Syrian Orthodox Patriarchate of Antioch purchased the property for $2.1 million. Knowlton represented the buyer. In the second transaction, Brian Childs and JR Williams of NAI Capital represented the lessor, 27611 La Paz LLC, in the lease of an 11,045-square-foot industrial building in Laguna Nigel. All Motion Hockey Training leased the property, which is located at 27612 El Lazo, Suite 100, for $1.5 million.
ATLANTA — J.M. Smucker Co., a food marketer and manufacturer based in Orrville, Ohio, has signed a lease with DCT Industrial Trust to fully occupy the company’s 557,000-square-foot Southcreek IV bulk industrial manufacturing building. The warehouse, located in Atlanta’s airport submarket, is part of the 1.8 million-square-foot Southcreek Commerce Center. The center’s location provides access to major highways and Hartsfield-Jackson Atlanta International Airport. With the Smucker transaction and DCT’s recent lease of 200,000 square feet to Toledo, Ohio-based Owens Corning Insulating Systems, the Southeast Commerce Center is now 100-percent occupied. In prepared comments, Todd Carter, vice president and regional director of leasing for DCT, said the Smucker lease further validates the property “as a strategic distribution center.” The warehouse will serve as the point place for Smucker’s Southeast operations. The company’s next closest manufacturing warehouse is located in Memphis, Tenn. Lynn Reich of Colliers International’s Rosemont, Ill., office and Mike Spears and Sean Boswell of the firm’s Atlanta office represented Smucker in the transaction. Atlanta-based NAI Brannen Goddard’s Brad Pope and Mike Chambers represented the owner. DCT Industrial currently owns and manages 7.3 million square feet
NORFOLK, VA. — CB Richard Ellis has represented an undisclosed owner in Norandex Building Materials Distributions’ 44,000-square-foot lease renewal at the Progress Road Industrial Building. Norandex has leased space in the 66,000-square-foot industrial building for 21 years. The property is located in the Norfolk Industrial Park in Norfolk. R. Worth Remick of CB Richard Ellis’ Norfolk office represented the landlord.
CINCINNATI — Strategic Storage Trust Inc. has acquired three Best Self-Storage properties located in northern Kentucky within the greater metro area of Cincinnati. The 211,000-square-foot portfolio, which was purchased for $9.9 million, houses 1,295 storage units. The three properties include: • A 72,000-square-foot, 434-unit property, which is situated on an approximately 7.5-acre site in Walton, Ky. Occupancy is currently at 81 percent. • A 57,200-square-foot, 344-unit property, which is situated on a 2.6-acre site in Crescent Springs, Ky. Occupancy is at 87 percent. • An 81,800-square-foot, 517-unit property, which is situated on approximately 7 acres in Florence, Ky. Occupancy is at 93 percent. The portfolio purchase was funded in part by two seller-financed promissory notes. The notes bear a fixed interest rate of 5 percent per annum during the initial 3 years of their 5-year terms, and 6 percent per annum during the final 2 years.
FOUNTAIN VALLEY, CALIF. — Mitsubishi Materials U.S.A. is breaking ground on a 52,840-square-foot headquarters facility, which will be located in Southpark Business Center in Fountain Valley. The company, which is currently headquartered in Irvine, Calif., has signed a 10-year lease with Southpark Business Center to occupy the building. Dave Desper and Chip Wright of CB Richard Ellis represented Mitsubishi Materials U.S.A. in the lease transaction.
REDLANDS, CALIF. — Kenco Logistic Services LLC has signed a 60-month lease for 517,346 square feet of space within Watson Commerce Center Redlands in Redlands. The lease is valued at more than $11 million. Kenco will use the LEED-certified facility as a cross-dock operation for all order fulfillment, shipping, receiving and inventory management of Ralston Foods’ Post brand cereal business. The facility is located at 26875 Pioneer Ave. Kenco is a third-party logistics solutions company. Ron Washle and Mark Kegans of Grubb & Ellis represented Kenco Logistic Services; Tom Taylor, Steve Bellitti and Josh Hayes of Commercial International represented the landlord, Watson Land Company, in the transaction.