NASHVILLE, TENN. — 3258 Ezell Partners has sold 150,000 square feet of industrial space to FR/CAL Ezell Pike for $3.8 million. The space is located at 3258 Ezell Pike in Nashville. Colliers Turley Martin Tucker — Nashville’s David McGahren, Doug Howard and John Ward represented the seller.
Industrial
BOLINGBROOK, ILL. — Principle Construction Corp. has completed the build-out for a 130,000-square-foot industrial facility located at 380 Veterans Pkwy. in Bolingbrook. The building, which was developed by Seefried Properties, includes 34-foot ceilings, 18 loading docks and a 23,789-square-foot office component. Orbus Inc., which has relocated to the facility from Chicago, is using the building for manufacturing and streamlined distribution. As part of the custom build-out, power distribution for process work and large bump doors were installed in the building. Interwork Architects provided design services for the project. The cost of completion was not disclosed.
MINNEAPOLIS — Colliers Turley Martin Tucker has arranged the sale of 48,025 square feet of industrial space located at 101000 Crosstown Circle in Minneapolis. Edina Couriers Inc. has acquired the space from Stone Fabrics Inc. for an undisclosed amount. Ronald Scholder in the Minneapolis office of Colliers Turley Martin Tucker represented the seller in the transaction.
WEST WARREN, MASS. — CB Richard Ellis – New England (CBRE) has brokered the sale of a 15-building, 600,000-square-foot industrial property located in West Warren for $2.2 million. The complex is situated on approximately 105 acres at 85 South St. The property was constructed in the late 1800s and has served as the headquarters for Wrights Inc. for the past 50 years. CBRE’s Mark Reardon and David Corkery represented Wrights in the sale. The buyer, New Hampshire-based MDP Development, was represented by Carl Burwick of Katz Real Estate.
HOUSTON — CB Richard Ellis (CBRE) has completed the sale of a 13,500-square-foot industrial property located at 2701 Appelt Dr. in Houston. Glynn Mireles and Billy Gold of CBRE represented the seller, Rolling Creek Ltd., while Michael Palmer and John Simons, also of CBRE, represented the buyer, STL Interest. The acquisition price was not disclosed.
LA MIRADA, CALIF. — Voit Commercial Brokerage has completed three transactions totaling $14.7 million in La Mirada. In the first transaction, Faro Services signed a 5-year lease for a 210,300-square-foot industrial building. The property is located at 15910 Valley View Ave. Cameron Driscoll and Luke McDaniel of Voit’s Anaheim, Calif., office represented the lessee in the $5.9 million transaction. The landlord, Warehouse Investment Partners, was self-represented. In the second transaction, DAUM Commercial Real Estate Services represented George Yao in the $5.5 million acquisition of a 59,000-square-foot building located at 15905 Canary. Peter Castleton of Voit’s Anaheim office represented the seller, RGB Partners. In the final transaction, Champion Exposition Services Inc. signed a 5-year lease for a 76,244-square-foot industrial building, which is located at 14701 Industry Circle. The transaction was valued at $3.3 million. Driscoll and McDaniel represented the lessee; Steve Sprenger and Shawn Kelter of Grubb & Ellis represented the landlord, Berns & Sanderson LP, in the transaction.
CHICAGO — Oakbrook, Ill.-based NAI Hiffman has been hired by Mirvac Industrial Trust to manage and lease the Sydney, Australia-based REIT’s Chicago area portfolio. The 68-building portfolio comprises 14.2 million square feet of warehouse and flex office space located in and around the O’Hare market, the Interstate 55 Corridor, the Northern Cook market, the DuPage market and the Kane County market. Additional properties in the portfolio are located in Milwaukee; Grand Rapids, Mich.; and Northwest Indiana. NAI Hiffman assumed responsibility of the assignment on February 10th. The portfolio houses more than 100 tenants, including True Value Co., APL Logistics, Nexus and Prairie Packaging. With the addition of the Mirvac Industrial Trust properties, NAI Hiffman manages 41.2 million square feet of third-part owned assets.
ONTARIO, CALIF. — Aspen Distribution has leased a 102,878-square-foot industrial building, which is located at 5505 Concours within Crossroads Business Park in Ontario, for $3.5 million. The facility features 65,572 square feet of 45-degree refrigerated space and 34,204 square feet of dry storage space. Aspen Distribution is a third-party logistics company that does contract warehousing for the medical, grocery, industrial, retail and paper industries. Don Kazanjian of Lee & Associates represented the tenant; Clyde Stauff and Michael McCrary of Colliers International’s Ontario office represented the landlord, The Caldwell Company, in the transaction.
PAPILLION, NEB. — Omaha-based Darland Construction Co. is acting as construction manager for a 63,000-square-foot, Tier IV data center located in Papillion. Midlands Data Center, which is being completed on behalf of a joint venture between Alegent Health and CoSentry, will be situated on Alegent Health’s Midlands Hospital campus. Each 25,000-square-foot level of the two-story building will include two 5,000-square-foot raised floor data suites. Additionally, the facility will house approximately 13,000 square feet of office space, as well as a secured equipment yard and dual functioning loading docks. Midlands Data Center will store Alegent Health’s electronic medical records, digital imaging for cardiology and radiology, and the data and equipment of other CoSentry clients. The facility was designed by Altus Architectural Studios to withstand 250 mph winds. Construction of the project began in January.
CORONA, CALIF. — Peter and Thelma Karagines have purchased an 8,128-square-foot industrial property, which is located at 2047 Cecilia Circle in Corona. Golden West Enterprises LLC sold the property for $1.2 million. Walter Frome and Bill Livesay of Voit Commercial Brokerage, a member of CORFAC International, represented the seller in the transaction.