JEFFERSONVILLE, IND. — Louisville, Ky.-based Crossdock Development Inc. has plans to construct an approximately 1 million-square-foot spec building within the River Ridge Commerce Center in Jeffersonville. The Class A industrial facility, which will be located on a 122-acre site, will be the largest ever to be constructed in the Louisville MSA. Plans for the project include an energy efficient TPO roof, approximately 225 dock positions and 200-foot truck courts. The estimated cost of completion was not disclosed.
STAFFORD, TEXAS — NAI Houston has negotiated the purchase of a 23,850-square-foot industrial property located on 8.5 acres of land at 13913 Greenland Ct. in Stafford. Chris Caudill and Joel Michael of NAI Houston represented the buyer, Stahlman Lumber Co., in the transaction. The seller, 84 Lumber Co. provided in-house representation. The purchase price was not disclosed.
GARDENA, CALIF. — Roland Products, a distributor of European cookware, bedding and appliances, has purchased a 40,032-square-foot industrial building in Gardena. The company plans to use 27,786 square feet of the building for warehousing and housing its sales force; the balance will be occupied by Clover Specialists. The property is located at 1700-1702 El Segundo Blvd. Joshua May of Grubb & Ellis’ South Bay office represented the buyer; Rudy Lara of Daum Commercial represented the seller, Gardena-based David Yi, in the $5.5 million transaction.
BOLINGBROOK, ILL. — Summit Design + Build has completed construction of the Crossroads Corporate Center located at 1000 Crossroads Pkwy. in Bolingbrook. Chicago-based PEAK Development is the owner and developer of the project. The 71,904-square-foot speculative warehouse/office condo development is divisible to 3,900 square feet. Features of the building include 21-foot clear-height ceilings, one private drive-in door for each unit, two common interior truck docks, one overhead door to a common corridor for truck access and 135 parking stalls. For the project, Julie Stoehr and Jesse Macias of Summit Design + Build acted as project manager and superintendent, respectively. Architectural services were provided by Randall Bees Architects; Jim Estus of Colliers Bennett & Kahnweiler is the marketing agent for the facility.
PASADENA, CALIF. — Rexford Industrial LLC has acquired RIF IV – San Gabriel LLC, a 31,546-square-foot, multi-tenant light industrial property located at 89-91 N. San Gabriel Blvd., 2670-2674 Walnut St. and 2675 Nina St. in Pasadena. The property consists of five single-story buildings and one two-story facility and offers 10 to 18-foot clear heights, four ground-level loading doors and a loading dock with two loading positions. The facility is currently 30 percent occupied by Schlanser Glass and The Plant Peddler. Eugene Sun of Region One Realty represented the buyer and the seller, Tsan Kuenn U.S.A. Inc., in the $4.7 million transaction.
GRIFFIN, GA. — As part of a move from its current headquarters in Norcross, Ga., Norcom has purchased the 200,000-square-foot Cooper-Standard building from an undisclosed party for $4 million. The company had leased the Cooper-Standard building, located in the Griffin-Spalding Industrial Park in Griffin, for the past few months and decided to purchase the property with the help of the Griffin-Spalding Development Authority. The move is expected to create 285 new jobs.
DOVER, OHIO — Cleveland-based Olympic Steel has acquired a two-building industrial complex totaling 95,091 square feet in Dover. The property, which has frontage on Interstate 77, was acquired from a private seller for $3.48 million. The facility is equipped with truck maintenance bays, executive offices and docks, as well as a 20-ton crane situated within the building. Matthew Beesley and Rico Pietro of Cleveland-based CRESCO Real Estate represented the seller in the transaction.
SOUTH HACKENSACK, SOMERSET AND NEW PROVIDENCE, N.J. — Morristown, N.J.-based The Hampshire Companies has acquired three New Jersey properties on behalf of Hampshire Partners Fund VII, the company’s institutional real estate investment fund. In South Hackensack, Hampshire acquired a 107,730-square-foot industrial building located at 490 Huyler St. The seller was Huyler Realty. Stuart Alpert of Keller Realty represented Hampshire in the transaction. In Somerset, Hampshire acquired an 85,000-square-foot office building located at 19 Schoolhouse Rd. The sellers were Provident Partners and Provident Sunnyside NJ. Finally, in New Providence, Hampshire acquired a 51,000-square-foot industrial building in a joint venture with Tulfra Realty Co. The property is situated on more than 2 acres at 705 Central Ave. The seller was the borough of New Providence. The acquisition prices in all three transactions were undisclosed.
NEWPORT BEACH, CALIF. — GE Real Estate has provided a $63 million, 3-year loan to Koll/PER, a partnership between Newport Beach-based The Koll Company and the Public Employee Retirement System of Idaho. The financing will be used to refinance a nine-property Class B office and industrial portfolio in Arizona, California and Texas. Properties in the 744,851-square-foot portfolio are located in Houston, Dallas, Phoenix, Los Angeles and Orange County, Calif. CS Capital Management Inc. serves as advisor to the Public Employee Retirement System of Idaho.
PHOENIX — HD Supply Facilities Maintenance Inc. has signed a lease for warehouse/industrial space at Buckeye Logistics Center, which is located at 6825 W. Buckeye Rd. in Phoenix. The company will lease 174,769 square feet of a 380,740-square-foot building, which is part of the two-building industrial complex. The company plans to relocate from its current facility in January 2009. Greg White of CB Richard Ellis represented the tenant; Pat Harlan, Steve Sayre and Katy Boyd of Cushman & Wakefield of Arizona Inc. represented the landlord, Des Moines, Iowa-based Principal Global Investors, in the transaction. The value of the transaction was not released.