ST. CHARLES, ILL. — Colliers Bennett & Kahnweiler (CBK) has brokered the sale of two industrial buildings within The Legacy Business Center, a master-planned industrial park being developed in St. Charles. Carter Andrus and Brian Kling of CBK represented the developer, Paul Hemmer Cos., in the disposition of both properties. The first property is a 27,900-square-foot building located at 902 Equity Dr. It features 24-foot clear ceiling heights, two exterior docks and one drive-in door. The property was acquired by Corrosion Monitoring Services. The second property is a 15,626-square-foot building located at 882 Equity Dr. It features 18-foot clear ceiling heights, one exterior dock and one drive-in door. The property was acquired by Turbo Jet Partners, which was also represented by Andrus and Kling. Three of the four buildings developed in the initial phase of The Legacy Business Center have now been sold. Phase II construction is currently underway, consisting of two new speculative buildings totaling 18,000 and 22,000 square feet. The business park will ultimately contain 13 buildings.
ALLENDALE, FRANKLIN TOWNSHIP AND EDISON, N.J. — Cushman & Wakefield have brokered the sale of an 11-building industrial portfolio in Allendale, Franklin Township and Edison. The portfolio includes seven buildings totaling 368,863 square feet in Allendale, two buildings totaling 176,459 square feet in Franklin Township and one building in Edison totaling 204,440 square feet. The portfolio was purchased by High Street Equity Advisors for an undisclosed price from an undisclosed seller.
HURST, TEXAS — Marcus & Millichap has completed the sale of E-Z-Go Textron Industrial Building located at 745 W. Hurst Blvd. in Hurst. A private, out-of-state buyer purchased the property from a Bakersfield, Calif.-based investor for an undisclosed amount. The building, which was constructed in 1975, is situated on approximately 9 acres. Preston Shatto of Marcus & Millichap’s Houston office represented the buyer in the transaction.
ORLANDO, FLA. — Taurus Industrial Development, a subsidiary of Boston-based Taurus Investment Holdings, is building a 942,000-square-foot, 74-acre Class A master-planned industrial park in Orlando, located east of Orlando International Airport along State Road 417. The first phase will include a 378,000-square-foot cross-dock facility and two rear-load buildings featuring 141,000 and 145,000 square feet, respectively. The project was financed by Bank of America.
CHARLESTON, S.C. — Lauth is developing two Class A bulk distribution buildings at North Pointe Industrial Park in Charleston, located 4 miles from the Port of Charleston and 5 miles from Interstate 26 and I-526. Construction of the 390,180-square-foot North Pointe Building Four will commence in June, with initial occupancy projected for the first quarter. Construction of North Pointe Building Five, which will feature 399,732 square feet, is slated to begin after Building Four is completed. Hagood Morrison, Peter Fennelly and Simons Johnson of Colliers Keenan are marketing the property.
CLEVELAND — The Geis Companies has sold a 10-property industrial portfolio to Harbor Group International for approximately $51 million. The properties total 815,315 square feet and are located throughout the greater Cleveland area. John Huguenard and Angela Wethington of the Indianapolis office of Colliers Turley Martin Tucker, along with Terence Coyne of the Cleveland office of Grubb & Ellis, represented The Geis Companies in the transaction.
HOUSTON — NAI Houston has completed the sale of a warehouse building located at 500 W. 23rd St. in Houston. Alen USA sold the 29,200-Square-Foot industrial facility to an undisclosed seller. Kent Willis and John Ferruzzo of NAI Houston represented the buyer in the transaction, while Michael Palmer of CB Richard Ellis represented the seller.
POWAY, CALIF. — Strategic Capital Partners through its fund, Strategic Partners Value Enhancement Fund I, has joined with a partnership sponsored by Vancouver, Canada-based Emri Group to acquire a 144,000-square-foot research and development building in Poway. The Class A property sold for $25.29 million. The seller, ResMed Inc., will lease the entire building until June 2009.
SYLMAR, CALIF. — Anderon Holdings LLC has purchased a 41,536-square-foot industrial building, which is located at 12840 Bradley Ave. in Sylmar, for $5.3 million. Previously, the recently renovated property served as West Coast headquarters for Vibra Finish Company. Chad Gahr and David Young of Capital Commercial represented the buyer; Mike LaRocque of DAUM Commercial Real Estate represented the seller, Vibra Finish Company, in the transaction.
INDIANAPOLIS The Indianapolis office of Colliers Turley Martin Tucker (CTMT) has brokered the sale of a two-building 343,200-square-foot industrial portfolio for more than $15 million. The facilities are located at 8219 and 8227 Northwest Blvd. in Indianapolis, and were sold by Chicago-based First Industrial Realty Trust to Bianco Properties. John Huguenard, Angela Wethington and Kimberly Estes of CTMT represented First Industrial in the transaction.