LAS VEGAS — Danoski Clutts Building Group has recently broken ground for the construction of Spencer Street Distribution, a distribution center located near Sunset and Spencer streets in Las Vegas. The 86,000-square-foot facility will be attached to a neighboring warehouse by a roof structure. The average tilt wall panel will be 35 feet with multiple door openings and dock levers. Completion is slated for fourth quarter. TRP Inc. is providing architectural services for the project.
Industrial
WASHINGTON, D.C. — The Thomas Sommerville Companies has acquired the former A&A Hardware Building, a two-story, 40,000-square foot warehouse and office building in Washington, D.C., from Theodore Grossman for $3.5 million. The property is located at 6250 Chillum Place NW. Neil Simon and Jonathan Butts of Merrifield, Va.-based Uniwest Commercial Realty represented the seller, and Alan Coppola of KLNB’s Columbia, Md. office represented buyer. The building will continue to be used as a hardware, plumbing and electrical supply company.
WAUKEGAN, ILL. — GVA Williams has brokered the sale of an 86,000-square-foot industrial building, located at 3800-3828 Hawthorne Ct. in Waukegan, for $3.87 million. The building is situated on approximately 4 acres, and is divisible into eight units. The building features 18-foot clear ceiling heights, 8 interior docks and 128 car parking spaces. Daniel Tobin of GVA represented the buyer, Greystone Holdings. HB Properties was the seller.
BRANCHBURG, N.J. — Feist & Feist Realty Corp., an affiliate of Coldwell Banker, has completed the $4.3 million sale of an industrial property located at 47 Readington Rd. in Branchburg. The 77,000-square-foot facility was sold by Southern Wine & Spirit of America to Hampshire Global Partners. John Adams of Coldwell Banker represented the seller, and Thomas Monahan of Colliers Houston represented the buyer in the transaction.
MOOSIC, PA. — Hinerfeld Commercial Real Estate has completed the sale of 625 Rocky Glen Rd., a 42,000-square-foot warehouse facility in Moosic. Situated on 3 acres off US Route 11, the facility is in close proximity to I-81, 380, 84 and 476. Harry Rothstein of Hinerfeld represented the seller, Carl Touhey, who sold the property to J & J Snack Foods Corp./MIA. The sale price was undisclosed.
SANTA FE SPRINGS, CALIF. — Birtcher Development & Investments has partnered with an institutional investor represented by Cornerstone Real Estate Advisers LLC to acquire a 608,220-square-foot industrial property in Santa Fe Springs for $68 million. Located at 9400 Santa Fe Springs Rd., the property sits on a 22.86-acre site and serves as a warehouse/distribution center for its existing tenant. Clyde Stauff of Colliers-Seely represented the buyer and the seller, Northwestern Mutual Life Insurance Co., in the transaction.
PORTLAND, ORE. — Portland-based Harsch Investment Properties has acquired Oceanside Business Center, an 80,494-square-foot industrial building located at 4040 Oceanside Calle Platino within Rancho Del Oro Technology Park in Portland. Fenway Properties sold the property for $9.7 million. Built in 1985 with major renovations in completed in 2007, the center consists of a single-story, multi-tenant commercial office and warehouse building offering 24 units, which range in size from 1,649 to 9,826 square feet. At the time of acquisition, the property was 13 percent occupied by a variety of tenants including My Family Seasonings, San Juan Specialty Woods, Colorado Electric Supply and G. Gene LeBoeuf.
VACAVILLE AND STOCKTON, CALIF. — The Buzz Oates Group of Companies (BOGC) has acquired the former Serta facility, a 220,800-square-foot industrial property located at 2050 Cessna Dr. in Vacaville. National Bedding Company sold the property for an undisclosed price. Additionally, BOGC has purchased the former IRIS manufacturing plant in Stockton from IRIS USA for an undisclosed price. The plant includes a 150,000-square-foot facility and 15 acres of additional land for development. Steve Moreno provided in-house representation for BOGC in the Serta acquisition, while Bob Taylor provided in-house representation for BOGC in the IRIS transaction.
CRANBURY, N.J. — Aurobindo USA has signed a 103,350-square-foot lease at Matrix Development’s distribution facility located at 102 Melrich Rd. in Cranbury. The pharmaceutical company will use the space for office, general warehouse space and distribution space. Matrix was represented in-house in the transaction by Patrick Connelly, and Aurobindo was represented by Charles Fern of Jones Lang LaSalle.
ALLENTOWN, PA. — US Realty Capital has arranged $38 million in financing for the acquisition of Cedar Crest Professional Park in Allentown. Bruce Robertson, Jr., of US Realty, arranged the loan for the undisclosed borrower. The first lien mortgage was underwritten at an annual rate of LIBOR plus 200 bps. Amortization was based on a 25-year schedule, and the first 18 months of the loan were on an interest only basis.