ATLANTA — Roswell-based designer Randall-Paulson Architects has recently completed the 109,845-square-foot Building 100, the first phase of the 327,000-square-foot industrial project, Hartsfield East, located on Wilson Road near Hartsfield-Jackson Atlanta International Airport. Building 100 is 80 percent leased to global integrated logistics manager UTi. Construction on the 108,475-square-foot Building 200 will commence in the fall with the 109,000-square-foot Building 300 to follow.
ST. LOUIS — Ashley Furniture Home Store is relocating its headquarters to a 118,800-square-foot distribution and office facility currently under construction within Green Park Commerce Center in South St. Louis County. ARCO Construction Co. is building the $7.6 million structure, which is slated for completion this winter. Situated on a 5.5-acre site, the single-story, steel-framed building will feature a 100,800-square-foot warehouse zone, as well as 18,000 square feet of office space. The warehouse will have 38-foot clear-height ceilings, 19 dock doors, a covered customer pick-up zone and energy efficient lighting. Parking will be available for 118 vehicles.
WHEELING, ILL. — David Tropp, Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis have represented Pactiv Corp. in the sale of an industrial building located at 1500 S. Wolf Rd. in Wheeling. The 219,732-square-foot facility was acquired by CenterPoint Properties, and features approximately 15,500 square feet of office space and 24-foot clear-height ceilings. This fall, CenterPoint Properties will begin a general renovation of the one-story building. The asking price was $9.5 million.
LIVONIA, MICH. — Lee & Associates of Michigan has brokered the sale of a 60,800-square-foot industrial facility located at 35455 Veronica St. in Livonia. Celani Family LP sold the building for an undisclosed amount. Jon Savoy and Jim Roberts of Lee & Associates represented the buyer, Henrob Corp., in the transaction.
SAN FRANCISCO — San Francisco-based Shorenstein Properties LLC has partnered with San Francisco-based SKS Investments to purchase Oyster Point Business Park and Oyster Cove Marina, a six-building flex/industrial property with adjacent 235-berth marina in South San Francisco. Currently 88 percent leased, the business park consists of six single-story buildings totaling 404,215 square feet. The 34.34-acre property is located on Oyster Point Boulevard and is 1 mile east of Highway 101 and 1.5 miles north of San Francisco International Airport. Shorenstein Properties made the acquisition on behalf of its ninth investment fund, Shorenstein Realty Investors Nine LP, a $2.062 billion private commingled fund formed in spring 2007. NAI BT Commercial Investment Services Group represented the seller, Shelton Corp., in the transaction. Terms of the transaction were not disclosed.
RANCHO DOMINGUEZ, CALIF. — First Industrial Realty Trust Inc. has leased its First Dominguez Gateway Center, a 214,000-square-foot distribution center in Rancho Dominguez, to DHL Excel Supply Chain, a major international third-party logistics provider and subsidiary of Deutsche Post. Located at 3015 E. Ana, the property offers several features that are unique to the South Bay submarket, such as a secured yard for trailer storage and two rail spurs. Ryan McClean and Jackie Baker led the First Industrial team on the lease transaction. Todd Taugner, Frank Schulz and David Bales of The Klabin Company also assisted with the transaction.
DUNCAN, S.C. — Plymouth Meeting, Pa.-based Exeter Property Group has purchased a 96,000-square-foot industrial building, located at 260 Parkway East in Duncan, from Two Sixty Properties for an undisclosed amount. The seller was represented by Brian Young, a member of the Industrial Group in Grubb & Ellis|The Furhman Co.’s Greenville office.
LOWELL, KALAMAZOO AND ALLEGAN, MICH. — Michigan Governor Jennifer Granholm has announced that three West Michigan companies will invest $39.3 million to expand their operations in the state as a result of the Michigan Economic Development Corp. Attwood Corp., a marine parts and accessories supplier, will consolidate its Lancaster, Texas, manufacturing operations into its existing facility located in Lowell. The $1.8 million project is expected to create 87 new jobs in the community. The company has received a $452,000 state tax credit over 7 years, and the city of Lowell has approved a 12-year property tax abatement worth more than $1 million to support the expansion. In Kalamazoo, Graphic Packaging International Inc. has announced plans to invest $27 million to expand its existing folding carton plant. The project, which is expected to create 377 new jobs, will receive a $2.96 million state tax credit over 12 years. To support the expansion, the city of Kalamazoo is also recommending 12-year real and personal property abatements worth approximately $1.5 million. Additionally, Michigan-based Perrigo Co. has plans to invest $10.5 million in operating and training facilities at its global headquarters in Allegan. The project, which is expected to create 1,039 new jobs, has …
LOMBARD, ILL. — Cushman & Wakefield’s Industrial Services Group has arranged the sale of a 48,192-square-foot warehouse located at 1051 N. Main St. in Lombard. Sitex Realty Group has acquired the $3.2 million property, which features 24-foot clear ceilings, four interior docks and 13 drive-in doors. Jason West, Sean Henrick and Michael Hawryluk of Cushman & Wakefield represented the seller, Gerardi & Sons Development, in the transaction.
CENTRALIA, ILL. — BARBERMurphy Group has brokered the sale of a 76,680-square-foot industrial/distribution facility located at 1 Cahill Dr. in Centralia. Minneapolis-based Hawkins Inc. has acquired the building from Mainsource Bank Trustee for an undisclosed amount. Hawkins Inc. will use the facility for its expansion, and the Water Treatment Group of Hawkins will use the facility as a branch office for its operations. The facility, which is situated on a 9.75-acre site, will be fully operational in the summer of 2009. Wayne Barber and Steve Zuber of BARBERMurphy Group represented both parties in the transaction.