SOUTH HAVEN, MICH. — L. Mason Capitani has brokered the acquisition of a 125,960-square-foot industrial facility located at 1600 Stieve in South Haven. East Jordan Plastics Inc. has purchased the new building for an undisclosed amount. The property was previously occupied by Noble International. Craig Mercier of L. Mason Capitani represented the buyer in the transaction.
BRIDGEPORT, N.J. — King of Prussia, Pa.-based Jackson Cross Partners – ONCOR International has arranged the sale of a 55,000-square-foot industrial building located in Bridgeport. The property is situated on 19 acres within the Pureland Industrial Complex. It features 6,400 square feet of two-story office space, 40-foot by 40-foot column spacing, tailgate and drive-in loading, 4,000 AMP electrical service, five cranes with 5-ton lift capacities and 125 car parking spaces. Lou Battagliese, Harry McKenna and Jim Young of Jackson Cross Partners represented the seller, Southco. Fran Mahoney of the Philadelphia office of Cushman & Wakefield represented the buyer, Philadelphia-based George Young Co.; the acquisition price was not disclosed.
HOUSTON — Denver-based ProLogis has leased approximately 147,000 square feet of distribution space in Houston to third-party logistics provider OHL. The Tennessee-based company will occupy space within a recently completed building at ProLogis NorthPark, a four-building, approximately 500,000-square-foot distribution park located along Interstate 45, north of Beltway 8. This lease marks OHL’s 11th transaction with ProLogis, with OHL now occupying approximately 2.8 million square feet of distribution space nationwide within ProLogis-owned parks. Additional tenants at ProLogis NorthPark include Anna’s Linens, Proinlosa Energy Corp., Cyclone Enterprises and Labrada Bodybuilding Nutrition. Terms of the lease were not disclosed.
HAWTHORNE, CALIF. — Vought Aircraft Industries Inc. has signed a 5-year extension on its 1.39 million-square-foot lease at Kearny Real Estate Company’s Century Business Center in Hawthorne. Kearny acquired the center, which formerly served as a manufacturing facility for Vought, in 2005 with Vought leasing back 1.39 million square feet. The Dallas-based company manufactures commercial and military aero structures.
PATTERSON, CALIF. — Rhode Island-based CVS Pharmacy Inc. has leased approximately 80,600 square feet in Patterson. The space is a portion of the 529,970-square-foot building at Keystone West Business Park. Patterson Industrial Center LLC, a partnership of McShane Development and MetLife, owns the property. John McManus and Chuck Belden of Cushman & Wakefield represented the tenant; Kevin DalPorto of CB Richard Ellis represented the landlord in the transaction.
BIRMINGHAM, ALA., AND VALDOSTA, GA. — Oak Brook, Ill.-based Inland Real Estate Acquisitions has purchased two 657,000-square-foot distribution centers from The Home Depot for $59 million in a sale/leaseback agreement. The Home Depot will lease the buildings for 18 years. The Rapid Deployment Centers, located in Birmingham and Valdosta, each feature 32-foot ceilings and 239 dock doors.
AURORA, ILL. — US Industrial REIT II has purchased the Cinram Distribution Center within the 660-acre Meridian Business Campus, which is located adjacent to a Burlington Northern & Santa Fe railroad line in Aurora. Canada-based Cinram Distribution LLC sold the 595,000-square-foot, state-of-the-art distribution center for an undisclosed amount. The REIT also purchased 11.7 acres of land adjacent to the building. US Industrial REIT II, which is owned by affiliates of USAA Real Estate Co. and other investors, invests in high quality bulk distribution properties located in major markets throughout the United States.
BOLINGBROOK, ILL. — Morgan/Harbour Construction has completed Crossroad Lakes Building I, a 270,000-square-foot warehouse/distribution facility located at 771 Crossroads Pkwy. in Bolingbrook. The multi-tenant facility, which is situated within Crossroad Lakes business park, was completed on behalf of Corum Real Estate. The state-of-the-art building includes 30-foot clear ceiling heights and 41 docks. Ben Warriner and Jay Mumm of Woodridge, Ill.-based Morgan/Harbour oversaw the construction of the project. Harris Architects provided design services. The estimated cost of completing the facility was not disclosed.
FRANKLIN TOWNSHIP AND ROCKAWAY, N.J. — Baker Properties has acquired a two-property, Class A industrial portfolio located in northern New Jersey. The two properties include 500 Memorial Drive, a 148,598-square-foot warehouse situated on 11.38 acres in Franklin Township; and 400 Commons Way, an 83,028-square-foot high-tech/flex building situated on 15.6 acres in Rockaway. Both properties were fully occupied at the time of closing. The portfolio was sold by RREEF, in a transaction arranged by Cushman & Wakefield of New Jersey. The acquisition price was not disclosed.
HAUPPAUGE, N.Y. — Rechler Equity Partners has leased a 104,000-square-foot industrial property, located at 85 Nicon Ct. in Hauppauge, to Global Freight Management (GFM). The new facility will be used by GFM to consolidate its Huntington, N.Y., and Hauppauge operations. Rechler Equity’s Harry Stavro represented building ownership in the lease transaction. Mario Asaro of United Realty represented GFM. Terms of the lease were not disclosed.