KANSAS CITY, MO. — Lenexa, Kan.-based Miller-Stauch Construction Co. has completed building Dean Machinery’s regional operations headquarters at 87th Street and Interstate 435 in Kansas City. The property houses two industrial facilities totaling more than 190,000 square feet in size. Because Dean Machinery is Kansas City’s official dealer of Caterpillar construction and mining equipment, only the most heavy-duty building materials were used during construction. The project required using 960 tons of structural and reinforcing steel, 9,300 cubic yards of 10-inch thick concrete slabs, and 39 bridge and jib cranes with a total capacity of 135 tons. Amenities at the facility include a parts warehouse, equipment repair shop, wash bay, paint booth, fueling station, fabrication and welding bay, and heavy equipment storage and test areas. Dean Machinery is scheduled to move into its new headquarters on October 10.
LA PORTE, TEXAS — The Houston office of Cushman & Wakefield of Texas (C&W) has arranged the sale of a 49.36-acre industrial development parcel located on Fairmont Parkway in La Porte. John Littman, B. Kelley Parker and Coe Parker of C&W represented the seller, NDI Fairmont Parkway Partners Ltd. The buyer, Notsuoh Development Corp., plans to use the property, which is located within Fairmont Industrial Park, for future development. Lane Guinn of Houston-based JLM Commercial Advisors provided buyer representation in the land transaction.
COOKEVILLE, TENN. — Memphis, Tenn.-based Baldor Electric Co. has sold the 671,000-square-foot CoLinx Distribution Center, located at 1536 Genesis Rd. in Cookeville, to Crossville Acquisitions for $30.69 million. Terry E. Smith of NAI Nashville brokered the transaction with the help of Fort Smith, Ark.-based Bradford & Udouj Realtors’ John Hagen.
FRANKLIN PARK AND BENSENVILLE, ILL. — Richard Daly of Darwin Realty & Development Corp. has brokered the sale of two Illinois industrial facilities. In Franklin Park, CenterPoint Realty Trust has acquired an industrial building located at 11533 Franklin Ave. The 62,000-square-foot manufacturing/warehouse facility includes a 7,285-square-foot office component and 21-foot ceiling heights. Daly represented both parties in the transaction. Additionally, Daly has represented the seller in the disposition of a 19,800-square-foot industrial facility located at 1133 Bryn Mawr in Bensenville. The building includes 1,634 square feet of office space and 16-foot ceilings. Designed Plastics has acquired the facility for the expansion of its manufacturing operation. Brian Carroll of Grubb & Ellis represented the buyer in the transaction.
LAKELAND, FLA. — Seaman Development Corp. has acquired 44 acres of industrial land, located on Airport and Gay roads in Lakeland, from a private seller for $3 million. Plans for the land include expanding Rooms To Go’s existing warehouse footprint by more than 700,000 square feet. The expansion, which will cost $16 million, will make the warehouse the largest in Polk County. No start date has been set.
MENDOTA HEIGHTS, MINN. — Minneapolis-based Welsh Cos. has completed the sale of a 48,059-square-foot industrial facility located at 2506 Northland Dr. within the Northland Drive Business Center in Mendota Heights, Minn. Anchor Fasteners has acquired the building from Northland Drive Partnership for approximately $2.39 million. Ted Carlson and Evan Molde of Welsh Cos. represented the seller in the transaction.
ELK GROVE VILLAGE, ILL. — Chicago-based Paine/Wetzel • ONCOR International has completed three industrial transactions totaling approximately 120,000 square feet in Elk Grove Village. Located at 2541-61 Allan Dr., Arrow Plastics has signed a lease for 90,000 square feet of industrial space. Arrow Plastics selected the facility because of its close proximity to the firm’s corporate headquarters, which is also located in Elk Grove Village. Elise Couston of Paine/Wetzel represented Arrow Plastics; Pat McCourt of CB Richard Ellis represented the landlord in the transaction. Additionally, Leslie Spinner and Jeffrey Girling of Paine/Wetzel have brokered the sale of an 18,720-square-foot industrial property located at 930 Lee St. The facility includes 3,400 square feet of office space, two loading docks, four drive-in doors and 16-foot clear-height ceilings. Biesterfield Properties LLC has acquired the building from an undisclosed seller. Matt Mulvihill and Sam Durkin of Grubb & Ellis represented the buyer in the transaction. In addition, Lyall Thresher & Associates has acquired an 11,010-square-foot industrial building located at 1101 Tonne Rd. Theresa Gleason of Paine/Wetzel represented the seller, Sitex Realty Group; Sean Henrick of Cushman & Wakefield represented the buyer in the transaction.
WINDSOR, CONN. — The Hartford, Conn., office of CBRE Capital Markets has arranged a $7 million loan for a 221,213-square-foot industrial building located at 550 Marshall Phelps Rd. in Windsor. Situated on approximately 29.75 acres, the building features approximately 84,000 square feet of office space, 6-inch reinforced concrete floors, and expansion capability for an additional 70,000 square feet. Michael Riccio and Christina Kubas of CBRE Capital Markets secured the loan on behalf of the borrower, 550K Marshall Phelps Road LLC, which is an affiliate of The DeMattia Companies. The lender was CIGNA Realty Investors. Terms of the financing include a 5-year term with a fixed interest rate.
ONTARIO, CALIF. — The William Warren Group has purchased Lockaway Storage-Ontario, which is located at 1372 E. 5th St. in Ontario, for $9.6 million. The facility consists of approximately 80,000 square feet of storage space, two acres of RV parking and approvals to build an additional 20,000 square feet of climate-controlled storage. The buyer will operate the property under its brand name, StorQuest Self Storage. Greg Wells represented both parties in the transaction. The seller was Lockaway Storage.
CARRBORO, N.C. — Charlotte-based Morningstar Properties, through a joint venture with Chicago-based Harrison Street Real Estate Capital, has purchased a 78,210-square-foot storage center, located on South Greensboro Street in Carrboro. Further details of the transaction were not announced. The property, which encompasses 727 units, will operate under the Morningstar Mini Storage banner and features climate-controlled units and drive-up access. The acquisition marks Morningstar’s second storage facility purchase in the Chapel Hill/Carrboro market.