ORLANDO, FLA. — Southland Florida Properties has sold a 50,000-square-foot warehouse, located at 3001 Director’s Row in Orlando, to Director’s Row LLC for $3.75 million. The building, which is in the Orlando Central Park, is 100 percent occupied. Susan Ruby of Cushman & Wakefield’s Orlando office represented the seller.
YORK, PA. — Chicago-based First Industrial Realty Trust has broken ground for the development of Commerce Park in York. The 1.1 million-square-foot manufacturing plant and distribution center is being developed as a build-to-suit project for Church & Dwight Co. (C&D). The household products manufacturer will consolidate the company’s central New Jersey operations into the new location. The building is situated on 232 acres, and has expansion capability of up to 1.9 million square feet. The project is also seeking LEED certification. First Industrial, which is developing the project, also sold the site to C&D. Joseph McDermott and James Carter of CB Richard Ellis’ Wayne, Pa., office and Mindy Lissner of the company’s East Brunswick, N.J., office negotiated the build-to-suit transaction. The total project cost is expected to exceed $170 million.
MILLBURY, MASS. — Grubb & Ellis has brokered the sale of a 101,500-square-foot industrial property, located at 12 Latti Farm Rd. in Millbury, for $7 million. The property contains office, manufacturing and warehouse space. It is leased on a long-term basis to Cameron International, a manufacturer and service provider for the oil and gas industry. Bradford Spencer and Anthony Biette of Grubb & Ellis represented the seller, Latti Farm Realty LLC. The buyer was First American Realty.
FORT WORTH, TEXAS — Arlington, Texas-based Bob Moore Construction has completed two new buildings at Mercantile Center, an approximately 1,300-acre business park located in Fort Worth. Mercantile Distribution Center 16 is a 136,900-square-foot facility with 28 dock doors, and Mercantile Distribution Center 17 is a 182,400-square-foot facility with 31 dock doors. Both buildings feature 50-foot by 50-foot typical bay spacing and a 50-foot by 60-foot loading zone along the dock doors. Each building also includes skylights and ESFR sprinkler systems. The project was designed by Dallas-based Hardy McCullah/MLM Architects. Mercantile Center is owned by Fort Worth-based Mercantile Partners LP.
TORRANCE, CALIF. — Thompson National Properties LLC served as an intermediary and facilitator on behalf of TA Associates Realty and Storm Properties in the disposition and acquisition of a 13-property industrial portfolio. Located primarily in Torrance, the portfolio comprises 545,000 square feet. TA Associates acquired the portfolio for $52 million. Kevin Shannon of CB Richard Ellis introduced TA Associates to Thompson National Properties.
AUBURN HILLS, EAST LANSING AND FLINT, MICH. — Aaron Klein of Commercial Mortgage Capital Inc. has arranged more than $25 million in loans for properties throughout Michigan. Klein has arranged $15.06 million in financing for a 104,000-square-foot industrial property located in Auburn Hills. The non-recourse financing was based on a 10-year term, with a fixed rate of 6.33 percent. In East Lansing, Klein has arranged a $7.25 million loan for a student housing facility. The 10-year non-recourse loan for the 215-unit property carries a fixed rate of 6.49 percent. Additionally, Klein has arranged $2.7 million in financing for a 130-unit multifamily community in Flint. The 4-year partial-recourse loan has a fixed rate of 5.07 percent.
CARROLLTON, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has brokered the lease of 13,500 square feet of industrial space at 1225 Capital Dr. in Carrollton. Chris Armstrong of HSMC represented the tenant, AlphaSIGN Centre, which will be relocating from its old headquarters in Dallas to the new office and warehouse building. The landlord, Cabbot Properties, provided in-house representation. Terms of the lease were not disclosed.
POWAY, CALIF. — Josam Properties LLC has acquired a 21,000-square-foot industrial building in Poway. Sebco Inc. sold the property for $4.2 million. Built in 1998, the two-story, single-tenant facility was leased to Clean Air Power for 10 years in September 2007. Paul Lafrenz and Bill Dolan of CB Richard Ellis represented the seller; Mike Moser of CB Richard Ellis represented the buyer in the transaction. The property is located at 13615 Stowe Dr.
RIVERSIDE, CALIF. — Atlanta-based Oakmont Hunter Park Riverside LLC has completed the disposition of a 31,768-square-foot industrial building, which is located at the five-building Hunter Park Business Center in Riverside. Located at 1120 Citrus Ave., the property was acquired by M. Gardarian Family Trust for $3.1 million. The facility houses the West Coast distribution center of Rancho Santa Margarita, Calif.-based Qualis International Inc. Milo Lipson and Ryan Velasquez of Grubb & Ellis represented the seller; Todd Hergesall of Voit Commercial represented the buyer in the transaction. The business park totals 294,051 square feet.
ATLANTA — Parkside Partners of Atlanta has purchased a 50,000-square-foot warehouse, located at 5256 Peachtree Rd. in Atlanta, from a private party based in Albertville, Ala., for $3.25 million. The buyers plan on retrofitting the space for offices. William Johnson, Anthony Lois and Mary Sorrells of Bowers & Co. Land and Investment Group represented the seller.