ROMEOVILLE, ILL. — J.D. Salazar of Downers Grove, Ill.-based Champion Realty Advisors, along with Randy Wolcott of ProVenture Commercial Real Estate, recently arranged a 230,007-square-foot lease in Romeoville on behalf of the tenant, Ozburn-Hessey Logistics. The Nashville, Tenn.-based logistics company leased the space, which is within a 562,624-square-foot industrial building at 99 N. Pinnacle Dr., to expand its operations. The cross-dock facility includes 2,500 square feet of office space, 28 exterior docks, 23 trailer stalls and parking for 75 cars. Ozburn-Hessey will also have the opportunity to expand into the remaining space of the building. Kirk Armour of CB Richard Ellis represented the developer, The Pizzuti Companies, in the transaction.
Industrial
MT. CARMEL, ILL., AND BEAVERTON, MICH. — CB Richard Ellis’ Sale Leaseback Group (CBRE) has completed the $7.3 million sale/leaseback of a two-building industrial portfolio. The first property is a 128,636-square-foot building located at 714 Walnut St. in Mt. Carmel. The second property comprises a 142,770-square-foot freestanding industrial building, as well as three outlot buildings totaling 8,940 square feet, and is located at 330 N. Ross St. in Beaverton. Both properties are occupied by Pacific Production Technologies, a portfolio company of Madison Capital Partners. Robert Brennan, Andrew Sandquist and Jonathan Wolfe of CBRE represented the seller, a partnership between Madison Capital Partners, Edgewater Funds and Rocky Mountain Bank. The deal also included the sale/leaseback of two additional properties located in Texas and Wyoming.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
SAN BERNARDINO, CALIF. — Hillwood, a Perot Company, is developing the Southgate section of AllianceCalifornia in San Bernardino. Located on the east side of Tippecanoe Avenue, the more than 2.6 million-square-foot project is designed for five buildings ranging in size from 39,000 to more than 1 million square feet. Infrastructure work, including the extension of Central Avenue, has already begun with construction of the first building slated to commence in early summer. Designed for LEED certification, the buildings will feature 30 to 32 feet minimum ceiling clearance, ESFR fire sprinkler systems, large secured truck courts, cross-dock and single-sided loading, 2 to 3 percent skylights and extra trailer storage capacity.
CHARLOTTE, N.C. — Westcore Charlotte, a subsidiary of Westcore Properties, has acquired a 455,750-square-foot manufacturing building in Charlotte, from Flextronics International, for $25 million. The facility is situated on 51 acres at 6800 Solectron Dr. Dan Hollingsworth and Steve Pace of CPS/CORFAC International represented both the buyer and seller in the transaction. Flextronics will continue to occupy the building.
CHARLOTTE, N.C. — Westcore Charlotte, a subsidiary of Westcore Properties, has acquired a 455,750-square-foot manufacturing building in Charlotte, from Flextronics International, for $25 million. The facility is situated on 51 acres at 6800 Solectron Dr. Dan Hollingsworth and Steve Pace of CPS/CORFAC International represented both the buyer and seller in the transaction. Flextronics will continue to occupy the building.
HOUSTON — CB Richard Ellis Sale Leaseback Group has finalized the sale of a 174,139-square-foot industrial property located at 1601 Vallen Dr. in Houston. The building, which is situated on 13.8 acres and houses the headquarters for PGI International, sold for approximately $12.98 million to an undisclosed buyer. The building was part of a four-property sale that also included sites in Illinois, Michigan and Wyoming. Robert Brennan, Andrew Sandquist and Jonathan Wolfe of CB Richard Ellis Sale Leaseback Group represented Madison Capital Partners, Edgewater Funds and Rocky Mountain Bank in the transaction.
CAROL STREAM, ILL. — Skokie, Ill.-based The Missner Group has completed a 92,217-square-foot speculative industrial facility located at 417-419 Village Dr. in Carol Stream. Situated on 4.67 acres, the building features 28-foot clear ceiling heights, 10 exterior docks, two drive-in doors and is divisible for up to two tenants. The Missner Group served as developer and general contractor, with Heitman Architects providing design services. David Bercu and Carter Andrus of Colliers Bennett & Kahnweiler are serving as marketing agents for the property.
CAROL STREAM, ILL. — Skokie, Ill.-based The Missner Group has completed a 92,217-square-foot speculative industrial facility located at 417-419 Village Dr. in Carol Stream. Situated on 4.67 acres, the building features 28-foot clear ceiling heights, 10 exterior docks, two drive-in doors and is divisible for up to two tenants. The Missner Group served as developer and general contractor, with Heitman Architects providing design services. David Bercu and Carter Andrus of Colliers Bennett & Kahnweiler are serving as marketing agents for the property.