WILMINGTON AND MANSFIELD, MASS. — The Stubblebine Company has negotiated two industrial leases in Wilmington and Mansfield. The Wetmore Co. signed a long-term lease for 88,000 square feet of space in an industrial building located at 326 Ballardvale St. in Wilmington. The facility is owned by RREEF. In Mansfield, DGS Retail signed a long-term lease for 57,400 square feet of industrial space at 60 Maple St. The facility, which is owned by Calare Properties, is close to the intersection of I-495 and I-95. James and David Stubblebine and Matt Wolfe of Stubblebine represented DGS, and Calare was represented by Stefan Frey, Jim Thomson and Austin Smith in the transaction. James and David Stubblebine also represented Wetmore, and Tom Aitken of Grubb & Ellis and Steve James of NAI Hunneman represented RREEF, in the lease negotiations.
Industrial
EXETER AND NORTH HAMPTON, N.H. — Fantini & Gorga have arranged $7.8 million in financing for McFarland Ford in Exeter and Hampton Ford & Hyundai and the Sunbelt Rental building in North Hampton. McFarland Ford is a 28,000-square-foot property located on Route 108. Hampton Ford & Hyundai is situated on the northbound side of Route 1 on 9 useable acres. It contains two buildings totaling 67,300 square feet of space. The third property features 20,300-square-foot building set on a 3.21-acre industrially zoned parcel. The building is fully leased to Sunbelt Rentals. The borrower was undisclosed.
CHATSWORTH, CALIF. — Tim Foutz of NAI Capital’s Encino, Calif., office represented Parker Industrial Properties in the disposition of a 50,620-square-foot industrial building, which is located at 20630 Nordhoff St. in Chatsworth. 20630 Nordhoff LLC purchased the property for $6.8 million. The buyer plans to occupy the research and development building. Jesse Laikin of Lee & Associates represented the buyer in the transaction.
HOLLYWOOD, MIRAMAR AND WEST PARK, FLA. — Hollywood Warehouse Capital Partners has purchased an 80,383-square-foot warehouse portfolio, including properties in Hollywood, Miramar and West Park, from W&W Properties, for $6.4 million. The Hollywood properties are located at 5780, 5746 and 5624 Plunkett St.; 5790 and 5751 Rodman St.; and 5765 Funston St. The Miramar property is located at 3190 S. State Road 7, and 5851 S.W. 25th St. is located in West Park. Ryan Nee of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller, and Greg Zeifman of its Miami office represented the buyer.
COLUMBUS, OHIO — Hillwood has acquired three industrial buildings totaling more than 750,000 square feet from ODW Logistics in a sale/leaseback transaction. The portfolio of properties is located on Williams Road in Columbus. ODW built each of the facilities and will continue to operate them as part of an 83-acre campus totaling more than 1.5 million square feet. Hillwood was represented in-house by Chad Cook; ODW was represented by Al and Trip Leon of Leon Brothers. The acquisition price was not disclosed.
ELWOOD, ILL. — Binswanger has completed a build-to-suit agreement on behalf of Bissell Homecare for a 500,000-square-foot distribution facility located in Elwood. The facility will be developed and built by CenterPoint Properties on 35.89 acres within the developer’s CenterPoint Intermodal Center, and will serve as Bissell’s Midwest distribution center. Completion is scheduled for the end of the year. Binswanger provided site selection, as well as negotiation and transaction services on behalf of Bissell, and will provide project management services for the building’s construction.
NEW YORK CITY — Stonehill Development is currently constructing Meserole, a luxury condominium development located at 127-129 Meserole St., in the Williamsburg neighborhood of Brooklyn, New York City. The four-story condominium will feature 16 units ranging from 654-square-foot studios to 1,573-square-foot one-bedroom residences. Designed by Karl Fischer, the units will feature 9-foot ceilings, hardwood floors, gourmet kitchens and private balconies. The homes start at $420,000. The Developers Group is the exclusive sales and marketing firm for the project.
LEWISVILLE, TEXAS — Majestic Realty Co. is nearing completion on three speculative buildings that total 1.35 million square feet at Majestic Airport Center DFW in Lewisville. The Class A industrial facilities comprise Building 1, which spans 130,000 square feet; Building 2, which totals 194,000 square feet; and Building 3, which is the largest speculative industrial building to date in the Dallas/Fort Worth area at 1.02 million square feet. Majestic Airport Center DFW, a joint venture between Majestic Realty Co. and Northwestern Mutual, is a seven-building, master-planned industrial park that will offer 3 million square feet of Class A industrial space upon completion.
HOUSTON — Andrew Sowell, Clay Peeples and Bo Pettit of Houston-based Boyd Commercial have negotiated the sale of a freestanding, tiltwall, office/warehouse facility in Houston. Luber Brothers Inc. purchased the 21,500-square-foot, 2.5-acre property, which is located at 15375 Vantage Pkwy. East, from Turnkey Building & Design.
EL CAJON, CALIF. — Pacific Fletcher Parkway LP and Gloria M. Schiff Family Trust have purchased a 40,910-square-foot industrial building, which is located at 1100 N. Magnolia Ave. in El Cajon. Burer Family Investments LP sold the property for $5.8 million. Pacific Realty Advisors represented the buyer; Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the seller in the transaction.