BARTOW, FLA. — Edward Miller and Dolores Seymour of Colliers Arnold's Tampa, Fla., office have represented the seller, Wachovia Corp., dba Bartow/PTTA of Charlotte, N.C., in the $1.9 million sale of a former Winn-Dixie distribution warehouse located at 210 Century Blvd. in Bartow. IP 210 Century LLC, represented by Todd Burrows of Coldwell Banker, purchased the 54,565-square-foot facility and its 11.31-acre site.
BIRMINGHAM, ALA. — Florida-based Arcis Investments has acquired a $13 million industrial portfolio in Birmingham, totaling 391,258 square feet. Oxmoor Center is a five-building, 185,000-square-foot property, located along Oxmoor Road. The complex was 87 percent occupied at the time of sale. Oxmoor Industrial is a five-building, 141,758-square-foot office/warehouse property. The complex was 70 percent occupied at the time of sale. 2700 Republic is a one-story, 64,500-square-foot distribution warehouse. The facility was 25 percent occupied at the time of sale. Newton Square, Pa.-based GMH Capital partners represented the sellers in the transaction.
LISLE, ILL. — Chicago-based Wrightwood Capital has acquired a 101,000-square-foot distribution building located at 2100 Ogden Ave. in Lisle. The property is fully occupied by Vantage Blue, and includes 21.5-foot clear ceiling heights, eight exterior docks, four drive-in doors and 9,500 square feet of office space. The transaction was negotiated by Michael Robbins and Benjamin Cremer of NAI Hiffman. The purchase marks the 17th acquisition on behalf of Wrightwood Capital’s Industrial Property Fund III.
LISLE, ILL. — Chicago-based Wrightwood Capital has acquired a 101,000-square-foot distribution building located at 2100 Ogden Ave. in Lisle. The property is fully occupied by Vantage Blue, and includes 21.5-foot clear ceiling heights, eight exterior docks, four drive-in doors and 9,500 square feet of office space. The transaction was negotiated by Michael Robbins and Benjamin Cremer of NAI Hiffman. The purchase marks the 17th acquisition on behalf of Wrightwood Capital’s Industrial Property Fund III.
NEWINGTON, CONN. — The Hampshire Companies has acquired a 614,600-square-foot industrial/warehouse building in Newington, Conn., from Newington Business Park, LLC. The facility is located in the Newington Business Park with easy access to I-91. Hampshire plans to reposition the facility into a multi-tenant warehousing/light industrial facility and develop an additional 21 acres of excess land. The purchase was made on behalf of Hampshire Partners Fund VII, the firm’s $350 million institutional real estate investment fund.
NEWINGTON, CONN. — The Hampshire Companies has acquired a 614,600-square-foot industrial/warehouse building in Newington, Conn., from Newington Business Park, LLC. The facility is located in the Newington Business Park with easy access to I-91. Hampshire plans to reposition the facility into a multi-tenant warehousing/light industrial facility and develop an additional 21 acres of excess land. The purchase was made on behalf of Hampshire Partners Fund VII, the firm’s $350 million institutional real estate investment fund.
PHOENIX — Phoenix-based 3B Holdings LLC has purchased a 12,100-square-foot industrial building, which is located at 2352 N. Delaware Ct. in Phoenix, for $1.63 million. The company plans to relocate to the property. Matt McDougall of NAI Horizon represented the buyer; James Harper of Grubb & Ellis|BRE Commercial represented the seller, 10th Place Properties, in the transaction.
GASTONIA, N.C., AND TRENTON, S.C. — Charlotte, N.C.-based Forsite Development has acquired two industrial facilities in Gastonia and Trenton. The property in Gastonia features 169,850 square feet and includes 9,000 square feet of office space. The facility can be configured for 40,000-square-foot multi-tenant increments. John Barker of Barker Commercial Real Estate served as broker for the transaction. Forsite acquired the 101,000-square-foot property in Trenton, located near Interstate 20, from SCANA Corp. The facility is the headquarters for Menardi Industries, a subsidiary of Charlotte-based Beacon Industrial Group. Grant Miller of SouthEast Commercial Real Estate served as the broker.
RIVERSIDE, MO. — The city of Riverside has selected Block & Co. as the master developer for Horizons Business Park, a $300 million industrial development located at the interchange of Interstate 635 and Highway 9 in the Kansas City suburb of Riverside. The project, which comprises more than 400 acres, will feature up to 5.3 million square feet of industrial space, as well as retail and support services for the development. The city of Riverside sold the land to Block for development; it will also be constructing two parkways to connect the industrial park to nearby arterial roads.
LAFAYETTE, IND. — Castle Coch Development is set to break ground for the construction of a 150,000-square-foot industrial building located at 3701 Dave Howarth Dr. in the Park 350 industrial park in Lafayette. The building, which can be subdivided for up to four tenants, features 28-foot clear ceiling heights, dock-height, flow-thru loading, trailer and car parking spaces, an ESFR sprinkler system and office areas. The approximately $15 million project is also expandable up to 300,000 square feet. The project is being developed by Castle Coch, with JRA Architecture providing design services and Shiel Sexton Co. serving as general contractor. Completion is scheduled for October.