CIRCLEVILLE, OHIO — NAI Bergman has brokered the sale of the former Thompson Manufacturing facility in Circleville. The 226-acre property contains 167,500 square feet of warehouse space and 10,000 square feet of freestanding office space. The buyer, Circleville Pickaway LLC, plans to re-tenant the existing buildings, as well develop the remaining acreage of the property. Joel Shomaeker of NAI Bergman represented the buyer; Tom Sugar of Continental Real Estate represented the seller, Thomas Consumer Electronics. The acquisition price was not disclosed.
SAN DIEGO — Public Storage has purchased Miramar Place Self Storage, a 100,638-square-foot self-storage property located at 6200 Miramar Rd. in San Diego. Granite Investment Group sold the property for an undisclosed price. Constructed in 2006 and situated on a 4.02-acre lot, the property offers 100 RV parking spaces. At the time of acquisition, the facility was 100 percent occupied. Greg Wells, Steve Rowland and Michael Roberts of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
PHOENIX — Costa Mesa, Calif.-based T&C Development Inc. et al has purchased a 40,542-square-foot industrial property, which is located at 3255-3305 E. Osborn Rd. in Phoenix for $2.2 million. Brian Thompson of RT Management Group represented the buyer; Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the seller, California-based Phoenix Osborn Ventures LLC, in the transaction.
JACKSONVILLE, FLA. — Georgia-based Oakmont Real Estate has acquired the development rights for New Berlin Commerce Park, a 75-acre parcel zoned for industrial use in Jacksonville, from Farmington Hills, Mich.-based Schafer Development. Oakmont will build a 386,000-square-foot LEED-certified facility on the property, which is slated for completion this year.
CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has arranged the sale of a 155,000-square-foot industrial building located at 1120 E. 89th St. in Chicago. Michael Nelson of Paine/Wetzel represented the buyer, 1120 E. 89th St. LLC; the seller, Amalgamated Bank, utilized in-house representation. Nelson also represented the Chicago Transit Authority (CTA) in the subsequent leasing of 80,000 square feet within the facility. The CTA plans to use the space as a training and bus repair facility.
DALLAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has secured $117.65 million in financing for ING Clarion Partners for two industrial portfolios totaling approximately 2.7 million square feet in Arizona, California, New Jersey and Washington. On behalf of the borrower, John Rose of HFF arranged two separate 5-year refinancings through Northwestern Mutual. A $70 million, fixed-rate loan was provided for the Arizona, New Jersey and Washington portfolio, while a $47.65 million, fixed-rate loan was arranged for the California portfolio. The portfolios include 11 industrial properties, which are 100 percent occupied. Notable tenants include Payless Shoe Source Distribution Inc., Complete Logistics Company Inc. and Prime-Line Products Company.
SANTEE, CALIF. — Quality Controlled Manufacturing has purchased a 51,000-square-foot industrial building in Santee. Located at 9429 Abraham Wy., the property sold for $6.5 million. The buyer plans to operate a machine shop in the building. Glenn Arnold, Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the buyer; Ruppert and Schimpf also represented the seller, Bardon Cabinets, in the transaction.
PHOENIX — Los Angeles-based Maximum Management Corp. has purchased a 20,400-square-foot industrial property, which is located at 3127 W. Virginia Ave. in Phoenix. Phoenix-based 15230 N. 75th Street LLC sold the property for $1.26 million. Paul Boyle and Rick Danis of Grubb & Ellis|BRE Commercial represented the buyer; Todd Hamilton and Rod Crotty of Cutler Commercial represented the seller in the transaction.
ROMEOVILLE, ILL. — Meridian Design Build has been selected to provide design/build general contracting services for the construction of Bluff Point III Distribution Facility, a 506,800-square-foot industrial building located within Bluff Point Business Park in Romeoville. The multi-tenant building will feature cross-docking, 30-foot clear ceiling heights, four drive-in doors and space for future trailer parking stalls. Construction is scheduled to begin this spring, with completion in the fourth quarter. Bluff Point Business Park is being developed by Land and Lakes Development Co. The project’s design team includes Harris Architects and Jacob & Hefner Associates. Jeff Kapcheck and Lynn Reich of Colliers Bennett & Kahnweiler are providing leasing services.
SALT LAKE CITY — Rockefeller Group Development Corp., through its regional office in Irvine, Calif., has purchased approximately 57 acres of zoned industrial land in Salt Lake City. The company plans to develop a 930,000-square-foot six-building industrial park on the site, which is located between Interstate 80 and SR 201. Seeking Foreign Trade Zone designation, the property will consist of four 190,000-square-foot buildings and two smaller buildings ranging in size from 32,500 to 80,000 square feet. Construction is slated to begin in July, with completion scheduled for late 2010. Greg Hunter and Nancy Edwards of Commerce CRG, an alliance member of Cushman & Wakefield, represented The Rockefeller Group in the transaction.