ELGIN, ILL. — Grubb & Ellis has represented Shorewood Properties in the completion of its four-building, 160,000-square-foot industrial development located on Scottsdale Court, off of Tollgate Road, in Elgin. Bruce Granger of Grubb & Ellis’ industrial group has secured interest from Northgate Technology Inc. for a 34,000-square-foot build-to-suit facility, which will be constructed at the park. Northgate is expected to take occupancy at the new facility this year. In 2000, Shorewood acquired the 17-acre site from Flender Corp., which is now part of Siemens Energy and Automation. With the final addition, the park will house four industrial buildings, including a 50,000-square-foot multi-tenant building; a 38,000-square-foot multi-tenant building; a 38,000-square-foot single-tenant building; and a 34,000-square-foot single-tenant building, which will be occupied by Northgate Technology. Additional tenants within the park include Owens Corning, Park Supply, ID Graphics, MPR Precision Molding Specialists and Argos Technologies Inc.
STOREY COUNTY, NEV. — Development Arts LLC has completed the construction of Building One of the 103-acre West America Commerce Center, which is located at 700 Milan Dr. in the Tahoe-Reno Industrial Center in Storey County. The 632,130-square-foot, cross-docked property features white TPO roofing, 30-foot clear ceiling heights, T5 lighting, 2 percent skylights, white-painted interior walls, 50-foot by 52-foot column spacing, 60-foot speed bays, 125 dock doors, parking for 314 cars and 207 trailers, and an ESFR fire-suppression system. The building can accommodate one to eight tenants. Additionally, the building is a LEED-registered project, with LEED-CS Silver Certification currently pending review.
BENSENVILLE, ILL. — The Victaulic Company has sold a 21,333-square-foot industrial facility located at 730 Thomas Dr. in the O’Hare submarket of Besenville. Bob’s Business has purchased the building for an undisclosed amount, and will use the new location for its distribution needs. The facility includes two loading docks and an extra .75 acres of land for possible expansion. Brian Colson and Eric Fischer of NAI Hiffman’s industrial services group represented the seller; Mike Goolsby of Jones Lang LaSalle represented the buyer in the transaction.
BILLERICA, MASS. — NorthMarq Capital has arranged $2.92 million in joint venture capital for the acquisition of two office/flex buildings located in Billerica. The properties are located at 261-267 Boston Rd.; they total 94,605 square feet and were constructed in 1985. Steve Bye of NorthMarq’s Denver regional office originated the financing on behalf of Hall Royce Investments.
POWAY, CALIF. — DEI LLC has acquired a 133,125-square-foot industrial building and 2.9 acres of land at 1400 Stowe Dr. in Poway. Hunter Douglas Inc. sold the property for $15 million. Barry Hendler, Matty Sundberg and Todd Murphy of Grubb & Ellis|BRE Commercial represented the buyer; Russ Sande and John Brady of CresaPartners represented the seller in the transaction. Additionally, the entire building has been leased to Cycle Express LLC, dba National Powersport Auctions. In the $6.6 million lease transaction, Hendler and Sundberg represented the landlord; Hendler, Murphy, Glenn Arnold and Bryce Aberg of Grubb & Ellis|BRE Commercial represented the lessee.
ORANGE COUNTY, CALIF. — Voit Commercial Brokerage has completed seven industrial sale transactions totaling $11.1 million in Orange County. Details of the transactions are as follows: • 1007 Bristol LLC acquired a 16,559-square-foot industrial property, located at 1007 Bristol Dr. in Costa Mesa, Calif., from Marni Meyers for $2.8 million. • Gergen Homes Inc. sold 19052 Goldenwest St., a 6,430-square-foot property in Huntington Beach, Calif., to Tung Family Trust for $1.7 million. • 1500 Lewis LLC purchased an 8,918-square-foot property, located at 1500 S. Lewis St. in Anaheim, Calif., from Joan Hill for $1.6 million. • LP Properties sold a 7,938-square-foot facility, located at 2160 E. Winston Rd. in Anaheim, Calif., to Jason Cho for $1.5 million. • Hedley San Clemente I LLC sold a 6,297-square-foot property, located at 216 Avenida Fabricante, Suite 106 in San Clemente, Calif., to J&D RE Investments 106 LLC, for $1.4 million. • Stacy and Jane Morgan purchased a 6,923-square-foot property, located at 1030 Ortega Way, Unit A in Placentia, Calif., for $1.1 million from Gam Duong. • Monty Blaeholder sold a 6,400-square-foot property, located at 10655 to 10661 Stanford in Garden Grove, Calif., for $1 million to Steven Howieson. Brokers participating in the transactions …
RIVERSIDE, CALIF. — Grubb & Ellis’ Riverside office has completed the sale of two industrial buildings in Riverside totaling 100,260 square feet. In the first transaction, Iglesia de Cristo Elim Riverside Inc. has acquired a 58,516-square-foot building, which is located at 115 La Cadena Dr., from SJ Burkhardt Inc. for $6.5 million. The buyer will use the property to house a church. Ryan Velasquez, Milo Lipson and Eric Hutchins of Grubb & Ellis’ Riverside office represented the seller; Jose Lemus represented the buyer in the transaction. In the second transaction, DOE & Ingalls Management LLC acquired a 41,644-square-foot industrial building at 1060 Citrus Ave. in Hunter Park Business Center. Oakmont Industrial Group sold the property for $4 million. Velasquez and Lipson represented the seller in the transaction.
PHILADELPHIA — Morristown, N.J.-based The Hampshire Companies has acquired a 39,702-square-foot industrial facility located at 8401 Escort St. in Philadelphia. The single-story, food-processing facility is currently leased to Sky Chefs, an airline catering company. The property features 5,700 square feet of office space and is situated adjacent to Philadelphia International Airport. The acquisition was made by Hampshire on behalf of the Hampshire Generational Fund, one of the company’s private equity real estate investment funds. The seller and the acquisition price were undisclosed.
DALLAS — NorthMarq Capital has arranged $3 million in first-mortgage financing for the Unitron Building, a 40,000-square-foot, owner-occupied industrial property located in Dallas. The loan carries a 5-year term and a 20-year amortization schedule. Paul Brighton of NorthMarq’s Dallas regional office originated the loan on behalf of the undisclosed borrower through a local bank.
COLUMBIA, S.C. — The Miller-Valentine Group has broken ground on the 176,400-square-foot Midway Logistics warehouse. The property sits in the Lexington County Industrial Park, located at the intersection of Interstates 26 and 77 in Columbia. The facility’s anchor, JanPak, will occupy 50,400 square feet of space. Facility amenities include energy-efficient T-5 lighting, an ESFR sprinkler system and a clear height of 28 feet.