ARLINGTON HEIGHTS AND SCHAUMBURG, ILL. — CB Richard Ellis (CBRE) has brokered the sale of two Chicagoland industrial properties totaling approximately 75,000 square feet. In Arlington Heights, Intelligent Holdings acquired a 43,370-square-foot building, located at 2461 Oakton St., from Crystal Springs. CBRE’s Ryan Bain, Keith Puritz and Brett Kroner represented the buyer; Chris Volkert of Colliers Bennett & Kahnweiler represented the seller. The acquisition price was not disclosed, but the asking price was $3.5 million. In Schaumburg, Bain, Puritz and Kroner, along with Joel Schneider of Atlas Partners, were the sole brokers in the sale of a 31,637-square-foot property located at 2095-2105 Hammond Dr. The property was acquired by Wrightwood Capital from Hammond Drive LLC in a sale/leaseback transaction. The acquisition price was not disclosed, but the property listed for $3 million.
GERMANTOWN, WIS. — Milwaukee-based Colliers Barry recently arranged the purchase of the Wisconsin Lift Truck facility, a 41,094-square-foot industrial facility located on Bunsen Drive in Germantown. Kenneth Braden of Colliers Barry represented the buyer, California-based Morse Properties, which acquired the property from Wolter Investment Co. for an undisclosed amount. James Young, also of Colliers, was the listing broker in the transaction.
BRUNSWICK COUNTY, N.C. — Philadelphia-based BPG Properties is planning The North Carolina Port Industrial Facility, a 945,000-square-foot, Class A global warehouse/distribution center at Leland Industrial Park in Brunswick County. The project cost will range from $40 to $50 million. The facility’s 75-acre site is located near Interstate 40 and I-140, 10 miles from the Port of Wilmington, N.C. CB Richard Ellis’ Raleigh, N.C., office will serve as exclusive listing agent.
SOUTH BRUNSWICK, N.J. — GMH Capital Partners has completed the $13.3 million sale of the Home Depot distribution warehouse in South Brunswick. The 212,335-square-foot facility was purchased by Cobalt Capital Partners. It was fully occupied by Home Depot at the time of the sale. Bill Tourtellotte of GMH represented the seller, Long Ridge Industrial Portfolio, in the transaction.
NEW YORK, NEW JERSEY, CONNECTICUT — M. Robert Goldman & Co. (MRG) has arranged $105 million in financing for the acquisition of 22 industrial properties in New York, New Jersey and Connecticut. The portfolio totals 1.7 million square feet. Jonathan Goldman and John Robustello of MRG arranged the financing for the borrower, an affiliate of Lighthouse Real Estate Venture. Funding was secured through the firm’s relationship with John Hancock Life Insurance Co.
CHICAGO — Bradley Associates, a Chicago-based commercial real estate and private equity firm, has completed the $488 million sale of a 32-property portfolio composed primarily of industrial product. One of the REITs sponsored by The Inland Real Estate Group of Companies acquired the portfolio, which includes three retail, six office and 23 industrial properties. JP Morgan Securities served as Bradley Associates’ financial advisor. Joe Cosenza of Inland negotiated the transaction in his capacity as president of the group’s acquisition arm.
BERKELEY, ILL. — Epic Realty Partners/TCN Worldwide has completed the acquisition of a 71,200-square-foot industrial property located at 5744 McDermott in Berkeley. Ed Brandt and Phil Rosenberg of Epic Realty negotiated the $3 million investment purchase on behalf of Cook Financial. The seller, Transparent Container, was represented by Chuck Saul and Mike Caruso of L.J. Sheridan & Co.
ORLANDO, FLA. — Vehicle Inspections Systems (VIS) has purchased a 40,362-square-foot building at Lee Vista Business Commons, a 125,000-square-foot, Class A warehouse/office complex in Orlando, from Chicago-based Higgins Development, for an undisclosed amount. VIS will relocate its North American headquarters to the facility. The Orlando office of Colliers Arnold represented the seller in the transaction.
CINCINNATI — Boston-based High Street Equity Advisors has acquired three Class A distribution facilities located in Cincinnati for $17.7 million. The properties include a 168,000-square-foot building located at 9449 Glades Dr., a 140,800-square-foot building located at 4434 Mulhauser Rd. and a 112,500-square-foot building located at 12072 Best Place. The properties are located within a 1-mile radius of each other, and are all fully leased. The Cincinnati acquisitions were part of a larger $95 million acquisition by High Street Equity Advisors that also included 11 industrial properties located in Northern New Jersey. The seller was undisclosed.
BROWARD COUNTY, FLA. — Ron Kent of Boca Raton, Fla.-based Coldwell Banker Commercial NRT has sold 28 acres of land in Broward County for approximately $6.45 million to IDI. The site will be developed into industrial leasing space. The property provides turnpike frontage as well as access to the turnpike, Interstate 95 and the Sawgrass Expressway.