AURORA, ILL. — Reviva Logistics has expanded its space by 62,860 square feet within one of HSA Commercial Real Estate’s buildings in Distribution Center Phase II, which is located at 1203 Bilter Rd. in Aurora. Reviva Logistics, which originally signed a 5-year lease for 231,880 square feet of warehousing and distribution space within the facility, has taken over the remainder of the building. The building includes 30-foot clear ceilings, as well as multiple docks and drive-in doors. Mark Montana of CRESA Partners represented Reviva Logistics; Charles Canale and Carter Andrus of Colliers Bennett Kahnweiler represented HSA Commercial Real Estate in the transaction. Reviva is expected to expand into its new space in August.
RAMSEY, N.J. — Monmouth Real Estate Investment Corp. has sold a 44,719-square-foot industrial property, located at 565 E. Crescent Ave. in Ramsey, for approximately $4 million. The building is presently occupied by Bogen Imaging. The property was acquired by a partnership that includes Delaware-based HSM Acquisition Partners. Monmouth first acquired the property nearly 40 years ago.
HAWTHORNE, CALIF. — MS Kearny Northrop Avenue LLC, a partnership led by Kearny Real Estate Capital and Morgan Stanley Real Estate Fund V, has completed the construction of a 21-building industrial complex, totaling more than 203,000 square feet, located within Kearny’s Century Business Center in Hawthorne. The $45 million project comprises 21 buildings, which range in size from 5,700 to 20,700 square feet, featuring 24-foot clear ceiling heights, ground-level loading, individual fenced yards and office build-outs up to 2,000 square feet. Additionally, all the buildings are located within a 24-hour security, gated complex. Jeff Kernochan of Fischer Corporate Real Estate Services has been retained to market the property.
RICHMOND, VA. — French Acquisition Co. recently purchased a 42,000-square-foot industrial property, located at 2910 West Clay St. in Richmond, from Jackan LC for $2.1 million. The site was purchased as an investment and will be redeveloped as a mixed-use property. John Myers of Thalhimer’s Richmond office handled the sale negotiations.
BOLINGBROOK, ILL. — On behalf of Corum Real Estate, Woodridge, Ill.-based Morgan/Harbour Construction has been selected to build a 270,000-square-foot, multi-tenant distribution/warehouse facility within Crossroad Lakes in Bolingbrook. Crossroad Lakes Lot I is currently underway, with completion expected this winter. The new building, which is located at 775 Crossroads Pkwy., will feature 30-foot clear ceilings and 41 docks. Ben Warriner and Jay Mumm of Morgan/Harbour are overseeing construction of the project; Harris Architects is providing architectural services for the development. The estimated cost of completion was not disclosed.
ANN ARBOR AND NOVI, MICH. — Wixom, Mich.-based Schonsheck Inc. has been selected to build two Michigan industrial facilities. Schonsheck has signed a contract with IMRA America Inc. to build a new 23,000-square-foot research and development facility in Ann Arbor. The project is slated for completion in February 2009. In Novi, Schonsheck is preparing to break ground on a 42,900-square-foot addition for Corrigan World Wide Moving Systems. Schonsheck constructed Corrigan’s original 106,000-square-foot facility in 1999. The addition is scheduled for completion in January 2009.
HOUSTON — Trammell Crow Co. has completed construction of International Air CargoCentre II, a 61,484-square-foot cargo handling facility located within IAH CargoCenter at George Bush Intercontinental Airport in Houston. The facility features 6-inch thick concrete slab floors, 100-foot clear span, 24-foot clear ceiling heights and 52-foot by 50-foot truck dock bay spacing. The facility also boasts direct airplane ramp access, and is located adjacent to the airport’s new Federal Inspection Services center. Additionally, 2,850 square feet of first-floor office space and 2,875 square feet of mezzanine space has been built out.
IRVING, TEXAS — Sperry Van Ness (SVN) has brokered the sale of Highview Business Center, a 40,608-square-foot industrial flex building located at 1925-1939 Westridge Circle in Irving. Situated on 2.93 acres, the facility is occupied by a tenant roster that includes Abbott Laboratories, Data Return, ACS and U.S. Remodelers. Steve Fithian of the Fort Worth, Texas, office of SVN / Visions Commercial represented the buyer, Arlington, Texas-based S&D Family Partners, as well as the seller, Southlake, Texas-based Mansfield Debbie Lane and Keller Bear Creek 377. The acquisition price was not disclosed.
SYLMAR, CALIF. — Newport Beach, Calif.-based Voit Development Co. has completed the disposition of an industrial building at North Valley Commerce Center in Sylmar. Tutor-Saliba Builders purchased the 33,717-square-foot property for an undisclosed price. David Harding, Greg Geraci, Matt Dierckman and Billy Walk of CB Richard Ellis represented Voit Development Co. in the transaction; the buyer had in-house representation.
RENO, NEV. — Los Angeles-based A-American Storage Management has purchased Green Acres Self Storage, an 86,000-square-foot self-storage facility in Reno. Located at 95 Green Acres Dr., the property was 85 percent occupied at the time of acquisition. Total consideration was $6.3 million. The seller was not disclosed. Greg Wells of Grubb & Ellis|BRE Commercial, along with John Pinjuv of Grubb & Ellis|NCG in Reno, represented the buyer in the transaction.