GREENVILLE, S.C. — ProLogis has signed leases with Total Warehousing Services and Innovative Food Technology for Greenville warehouse space totaling 90,000 square feet. Total Warehousing will occupy 60,000 square feet of space in the Augusta Distribution Center, located at the intersection of White Horse Road and Augusta Road. The warehouse will serve as the company’s regional packaging and distribution center. Innovative Food has signed a 30,000-square-foot lease at the White Horse Industrial Park near the intersection of White Horse Road and Interstate 85. Further details about the leases were not disclosed.
MIDDLEBURG HEIGHTS, OHIO — Harold Belkin, a West Coast-based entrepreneur, has acquired nine industrial facilities located at 6909 Engle Rd. and 17820-17830 Englewood Rd. in Middleburg Heights, Ohio. The properties, which are situated on two campuses, total approximately 300,000 square feet. The buildings were constructed between 1980 and 1996, and are currently 94 percent occupied. Elrad-Hadley Associates and Best Metals Properties sold the property for an undisclosed amount.
WEST LOS ANGELES, CALIF. — Mel Moss of NAI Capital represented a private charitable foundation in the acquisition of a 173,000-square-foot industrial facility located on approximately 10 acres in Southern California. The sale-leaseback transaction was valued at approximately $15 million.
CARLSBAD, CALIF. — Sunroad Enterprises, dba Sunroad Otay Partners LP, has purchased a 67,000-square-foot, fully improved research and development (R&D) facility in Carlsbad. Located at 5858 Dryden Pl., the property sold for $8.65 million. The building is currently occupied by Callaway Golf. The facility features 100-percent HVAC-served, above-standard power and a 3 to 1,000 parking ratio. Tucker Hohenstein and Greg Lewis of Cushman & Wakefield represented the buyer and the seller, IDS Real Estate, in the transaction.
COMMERCE, CALIF. — Mesa West Capital has provided The Magellan Group with a $25.6 million first mortgage loan for the recapitalization of Grace Place Industrial, a 500,795-square-foot industrial complex in Commerce. The fully leased facility features 30-foot clear heights and ample turning radius. The Magellan Group also received $5.75 million of subordinate mezzanine debt from Penwood Select Industrial Partners II LP, for a total debt of $31.35 million. Mesa West Capital and Penwood closed the transaction in 30 days. Brian Halpern and Ben Wagner of CB Richard Ellis Capital Markets arranged the financing.
TEMPE, ARIZ. — Roosevelt LLC, a Tucson, Ariz.-based partnership led by Arizona Restaurant Supply, has purchased an industrial facility, which is located at 3116 S. Roosevelt St. in Tempe, for $1.45 million. The seller was Phoenix-based DA-RO Investments LLC. Arizona Restaurant Supply, Stainless Concepts LLC and Scottsdale Restaurant Supply will utilize the property. Mark Detmer and Bo Mills of Cushman & Wakefield of Arizona Inc. represented the buyer; Jeff Woudenberg of Ross Brown Partners represented the seller in the transaction.
CONWAY, ARK. — Houston-based Southwestern Energy Co. will break ground on a 100,000-square-foot facility to process Fayetteville Shale early next year. The property, which will be operational by the middle of 2010, is located at TND Partners’ Village at Hendrix in Conway. Southwestern will initially employ 220 workers at the facility with an aim to increase the workforce to more than 400 people.
FREMONT, CALIF. — Overton Moore Properties (OMP), through its investment vehicle OMP Industrial III, has acquired a 506,940-square-foot industrial/research & development building in Fremont. Located at 901 Page Ave., the complex consists of manufacturing, warehouse, labs and office/work space. Additionally, the complex features 21 kVA utility service, 100 percent air-conditioned facilities, epoxy-coated ESD concrete slab floors, overhead power distribution bars in the manufacturing area, emergency power, 25 to 28-foot clear heights, fully calculated and ESFR sprinkler systems. Eric Fox of CPS CORFAC International and Peter Castleton of Voit Commercial Brokerage, a CORFAC International affiliate, represented the buyer. The seller was Hewlett-Packard Company. The value of the transaction was not disclosed.
NORCROSS, GA. — DPR Construction has completed a 45,000-square-foot manufacturing facility for Atlanta-based Suniva. Located in Norcross, the space will be used to produce solar cells and features high-purity water systems, chemical delivery systems and a chemical bunker. The property encompasses 30,000 square feet of industrial space and 15,000 square feet of office space. Rob Noma of the architecture firm Perkins+Will designed the project, which took 16 weeks to complete.
NEW LENOX, ILL. — Chicago-based HSA Commercial Real Estate has purchased an approximately 8.9-acre parcel of land located at 2501 W. Haven Ave. in New Lenox. The company plans to develop a 127,400-square-foot industrial facility, which will be named the New Lenox Commerce Center. The project will be aimed at smaller users, with units starting at 23,000 square feet. HSA will finalize development plans and begin the permit process this winter, with construction expected to begin in the spring. In the search process and acquisition negotiations, HSA was represented in-house by Tim Thompson of the company’s industrial brokerage division. Laurence Lewis of CCS Inc. represented the undisclosed seller in the transaction. The acquisition price was not disclosed.