Industrial

WEST AMERICA COMMERCE CENTER BUILDING ONE COMPLETED

by admin January 21, 2009

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.

January 21, 2009

NAI HIFFMAN BROKERS SALE OF 21,333-SQUARE-FOOT INDUSTRIAL BUILDING

by admin January 20, 2009

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.

January 20, 2009

Industrial Northeast

NORTHMARQ ARRANGES $2.92 MILLION IN JV FINANCING

by admin January 20, 2009

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.

January 20, 2009

Industrial Western

133,125-SQUARE-FOOT INDUSTRIAL BUILDING SELLS FOR $15 MILLION

by admin January 20, 2009

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.

January 20, 2009

Industrial Western

VOIT COMMERCIAL COMPLETES SEVEN SALE TRANSACTION TOTALING $11.1 MILLION

by admin January 20, 2009

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 …

January 20, 2009

Industrial Western

TWO INDUSTRIAL BUILDINGS SELL FOR $10.5 MILLION

by admin January 20, 2009

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.

January 20, 2009

Industrial Northeast

HAMPSHIRE ACQUIRES FOOD PROCESSING FACILITY

by admin January 19, 2009

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.

January 19, 2009

Industrial Texas

NORTHMARQ CAPITAL ARRANGES $3 MILLION INDUSTRIAL LOAN

by admin January 19, 2009

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.

January 19, 2009

Industrial Southeast

CONSTRUCTION UNDERWAY ON 176,400-SQUARE-FOOT WAREHOUSE

by admin January 16, 2009

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.

January 16, 2009

Industrial Midwest

DARWIN REALTY & DEVELOPMENT BROKERS TWO INDUSTRIAL DEALS

by admin January 16, 2009

CHICAGO AND PORTAGE, IND. — Wind City Warehouse & Distribution has signed a lease for 96,600 square feet of industrial space within the 12-building Calumet Business Center, which is located along Interstate 94 in Chicago. New York-based Ashley Capital has leased the rail-served space. The tenant’s new space is part of a 209,000-square-foot building served by the Norfolk Southern Railroad. The company expects to take occupancy at the facility by the end of February. Chris Gary, George Cibula and Ryan Hanley of Darwin represented Ashley Capital; Jeff Gilbert of Wagener Equities represented Windy City Warehouse & Distribution in the transaction. Terms of the lease were not disclosed. Additionally, Gary, Cibula and Hanley of Darwin have brokered the sale of a 175,100-square-foot crane building located at 1000 Boundary Rd. in Portage. Leeco Steel has purchased the industrial property from Arcelor Mittal for an undisclosed amount. The buyer is relocating to the facility from Chicago. The building, which is situated within the Port of Burns Harbor, includes multiple cranes and interior rail service. Kirk Grant of Colliers Ostendorf-Morris and Howard Cyrus of Cyrus Realtors represented the seller in the transaction.

January 16, 2009

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