MACOMB, MICH. — L. Mason Capitani/TCN Worldwide (LMC) has brokered the sale of a 32,454-square-foot industrial facility located at 51483 Quadrate in Macomb. The property was acquired by Flood Solutions, which is expanding and relocating its existing facilities. Joe DePonio of LMC represented Flood Solutions, as well as the undisclosed seller.
BOSTON — Abbey Road Back Bay has acquired two buildings for approximately $10 million in the Back Bay retail district in Boston. The firm purchased 131 Newbury St. for $6.2 million and 569 Boylston St. for $3.8 million. Tim Breda of Goedecke & Co. arranged financing from TD Banknorth for the acquisition. The seller was undisclosed.
SAUK VILLAGE, ILL. — Reno, Nev.-based DP Partners has completed its third speculative building at LogistiCenter at Sauk Village, a 325-acre business park located in Sauk Village. Building A is a 496,260-square-foot, rail-served distribution center situated on a 26.5-acre site fronting Jason Rasmussen Drive. It features 32-foot clear ceiling heights, 50-foot by 50-foot typical bays with 60-foot deep staging bays, up to 120 truck docks, two drive-in doors, and parking for 189 cars and 59 trailers. The facility also features the ability to cross-dock and/or rail-serve the rear of the building and expansion capability up to 1.2 million square feet. The project was built by Deerfield, Ill.-based Meridian Design Build, with Palatine, Ill.-based Harris Architects serving as project architect. George Maragos, Brad Weiner of the Chicago office of CB Richard Ellis are providing leasing services for LogistiCenter at Sauk Village.
LEBANON, IND. — United States Cold Storage will build a new $38 million Midwest storage and distribution center at Lebanon Business Park in Lebanon. The facility will total 300,000 square feet, and will feature refrigerated space and rail access. Completion is scheduled for June 2009.
LATHROP, CALIF. — FR/CAL Beta Northwest LLC, a joint venture between First Industrial and CalSTRS, has completed the sale-leaseback disposition of a 440,538-square-foot single-tenant distribution center located within Crossroads Commercial Center at 700 D’Arcy Pkwy. in Lathrop. 700 D’Arcy Parkway Investors LLC, a client advised by UBS Global Real Estate – US, purchased the property for an undisclosed price. Situated on a 28-acre site, the property is 100 percent occupied by JC Penney. Built in 1998, the property was redeveloped for the tenant in 2007 and offers 2 percent office space, 32-foot clear ceiling heights and on-site parking for up to 200 trailers. Andrew Sandquist, Robert Brennan, Jonathan Wolfe and Dave Haggerty of CB Richard Ellis brokered the transaction.
TOLLESON, ARIZ. — Cincinnati-based Victory Medals has acquired a 25,500-square-foot industrial facility, which is located at 525 S. 83rd Ave. in Tolleson, for $2.9 million. The buyer plans to use the property for a metal fabrication unit. Built in 1975, the property features a fully fenced yard with three overhead cranes. Mike Parker of Colliers International represented the buyer; Mark Phillips of Sperry Van Ness’ Phoenix office represented the seller, Irvine, Calif.-based Kerrigan Industries, in the transaction.
SHENANDOAH COUNTY, VA. — Solaris Paper has signed a 10-year build-to-suit lease for 406,000 square feet at the North Shenandoah Industrial Park in Shenandoah County. BPG Development will oversee the development and construction of the 29-acre project on behalf of the landlord, BPG Investment Partnership VIII and VIII A. Construction will begin this month, and the project is scheduled to complete fourth quarter. The site has been designed and approved for up to 100,000 additional square feet. John Lesinski and Joshua Gurland of Winchester, Va.-based Leland Group Commercial Real Estate were the sole brokers and exclusively represented the landlord. The property is located near the intersection of Interstate 81 and I-66.
ORLANDO, FLA. — Kuehne + Nagel has leased 141,000 square feet at AMB Palmetto Distribution Center in Orlando, located near Interstate 4 and Highway 27. The tenant will utilize the space as its dedicated distribution and warehousing activities to support the Flordia operations of an entertainment customer. Bayne Porter and David Murphy of CB Richard Ellis’ Atlanta office represented the lessee, and the landlord was represented by Kevin Hoover of CB Richard Ellis’ Orlando office.
BARTLETT, ILL. — Meridian Design Build has been selected to serve as design build general contractor for the construction of a 103,585-square-foot build-to-suit project for Auto Truck Group. The new facility will be situated on a 16.26-acre site within Brewster Creek Business Park in Bartlett, and will provide the company with office, showroom and manufacturing space. It will include 12,600 square feet of office space, as well as a 5,700-square-foot vehicle showroom. Meridian will also coordinate improvements within the shop space to accommodate welding stations, interior overhead cranes and paint booths. Auto Truck Group will relocate from its existing facility located on Ellis Avenue in Bensenville, Ill. Construction is scheduled to begin in late spring, with completion in the fourth quarter. Ware Malcomb is serving as the project architect.
EAST HARTFORD, CONN. — The Urban Strategy America Fund, a New Boston real estate investment fund, has acquired a seven-building industrial portfolio from BKM Enterprises for an undisclosed price. Totaling 389,876 square feet, the portfolio is located within three locations in East Hartford. Located within Founders Plaza, 300 E. River Dr. is a single-story flex building, and 60 and 71 Meadow Rd. is a contemporary manufacturing building. A fourth manufacturing building is located at 71 George St., and two warehouse/distribution high-bay buildings are located at 33 and 47 Leggett Rd. The final two shallow-bay flex buildings are located at 59 Leggett Rd. and 22 Rumsey Rd. in an established industrial area. BKM Enterprises will lease back six of the buildings on 10-year terms. Sean Duffy of Cushman & Wakefield represented BKM Enterprises in the transaction.