NORWICH, CONN. — The Hampshire Companies has acquired One Winnenden Rd., a 76,657-square-foot industrial/warehouse facility in Norwich. Situated on more than 13 acres, the building features warehouse and manufacturing space and 15,000 square feet of office. It is currently fully leased by Gunther International. The building was purchased on behalf of The Hampshire Generational Fund. Daniel Barber of Northeast Property Group and Nick Morizio of Colliers Dow & Condon represented Hampshire in the sale. The sale price was undisclosed.
Industrial
CRANBERRY, PA. — The Silk and Stewart Development Group has purchased the Cranberry Corporate Center in Cranberry. The six-building flex office/warehouse complex is located on Executive Drive just north of Route 228 and directly west of Route 19. The sale price was undisclosed. Robert Blackmore and Richard Gasperini of CB Richard Ellis’ Pittsburgh office are the exclusive leasing agents for the center.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of Silver Star Self Storage located at 1905 E. William Cannon Dr. in Austin. A California-based investment group purchased the 68,050-square-foot, 622-unit property from an undisclosed seller. Mark Villanueva of Marcus & Millichap’s Austin office represented the seller in the transaction, for which the sale price was undisclosed.
MONTEBELLO, CALIF. — Los Angeles-based BH Properties LLC has completed the disposition of an 89,600-square-foot industrial building owned by BH Industrial LLC. Located at 1561 Chapin Rd. in Montebello, the property sold for $7 million. Peter Bacci of Lee & Associates represented the seller; David Lin of Kotai Realty represented the buyer, Chang Wei Wu, in the transaction.
PALM BEACH GARDENS, FLA. — Lake Worth, Fla.-based D&C Properties has purchased 39,916 square feet of industrial space for its headquarters at Gardens Commerce Center in Palm Beach Gardens, from West Palm Beach, Fla.-based Riverside Development, for $9 million. The property is situated on 2 acres. Jeff Kelly and Robert Smith of CB Richard Ellis’ Boca Raton, Fla., office were the sole brokers in the transaction and exclusively represented the buyer.
ELKHART, IND. — Marcus & Millichap has completed the sale of a 156,800-square-foot industrial building located in Elkhart. The single-tenant property is currently leased to Pioneer Plastics. Mike Albright and Michael Wernke of Marcus & Millichap’s Chicago office, along with John Godwin of the firm’s Detroit office, represented the seller, an Indiana-based developer. The property was acquired by a California-based private family trust completing a 1031 exchange. The property listed for $5.32 million, representing an 8.5 percent cap rate.
NEWARK, CALIF. — San Francisco-based D.R. Stephens & Co. has purchased a 65,000-square-foot industrial facility, which is located at 8455 Cabot Ct. in Newark. Golden, Colo.-based Edwards Enterprises sold the property for an undisclosed price. The property is fully occupied by San Jose, Calif.-based Sanmina-SCI Corp. Andy Zighelboim and Mike Rosendin of Colliers Investment Services Group in San Jose brokered the transaction.
CARSON, CALIF. — Sheri Messerlian of NAI Capital’s South Bay office represented both parties in the sale and acquisition of a 34,629-square-foot industrial building. Located at 21136 S. Figueroa St. in Carson, the property sold for $5.7 million. The building will be occupied by the buyer, 21136 S. Figueroa LLC, as an owner/user. The seller was not disclosed.
GREENVILLE, S.C. —Schwarz & Schwarz has acquired two warehouses in Greenville, totaling 240,000 square feet, from Greenville-based T. Walter Brashier & Associates, for $6.6 million. Caterpillar has leased the 160,000-square-foot warehouse located along Old Laurens Road, and Human Technologies has leased the 80,000-square-foot warehouse located along Welcome Road. Ford Borders and Grice Hunt of Greenville-based NAI Earle Furman and John Scott of Greenville-based Grubb & Ellis | The Furman Co. were the sole brokers in the transaction and exclusively represented the seller.
INDIANAPOLIS — Coldwell Banker Commercial Realty Services (CBC) has brokered the sale of a 61,480-square-foot industrial facility located at 1737 Massachusetts Ave. in Indianapolis. Harvey Levin and Jeffery Baumgartner of CBC represented the seller, RW Carter Corp. The undisclosed buyer was represented by Sandra Jarvis and Brian Epstein of Urban Space Commercial Properties. The acquisition price was not disclosed.