NEW JERSEY, NEW YORK AND CONNECTICUT Lighthouse Real Estate Ventures has acquired the 25-asset Baker industrial portfolio for $209 million. The 1.98 million-square-foot warehouse/flex portfolio consists of five properties in Morris Plains, N.J.; 10 facilities situated in corporate parks in Elmsford and Port Chester, N.Y.; and 10 properties in Fairfield and New Haven counties in Connecticut. The portfolio also includes a 2- and 5-acre site for future development. Jeffrey Dunne, Steven Bardsley, Jeffrey Oram, David Gavin, William Cuddy, Sean Cahill, Matthew O Hare and Tom Mallaney of CB Richard Ellis represented the seller, Baker Properties and procured the buyer in the transaction, which was a 1031 exchange sale. At the time of the sale the portfolio was 93 percent leased.
Industrial
LOWELL, MASS. David Gilkie of NAI Hunneman has completed the $930,000 sale of an industrial facility in Lowell. The two-story, 16,709-square-foot light industrial facility is located at 585-607 Middlesex St. on a 0.52-acre lot. Gilkie represented the seller, Flauto Realty, in the transaction. The buyer, Nobis Engineering represented itself in the sale.
HOUSTON — CB Richard Ellis has finalized the sale of a 31,137-square-foot office/industrial building located at 6040 Rookin St. in the Highway 59/Highway 90 industrial submarket of Houston. Fugro Properties purchased the property from Price Toole Co. for an undisclosed amount. Lee Jeane of CB Richard Ellis represented the buyer in the transaction, while Kyle Roberts of NAI Utah Commercial Real Estate represented the seller.
FORT WORTH, TEXAS — NAI Huff Partners has finalized the sale of an industrial facility located at 4015 W. Vickery Blvd. in Fort Worth. Durango Doors purchased the 24,200-square-foot building from a private party for an undisclosed amount. Frank Jester of NAI Huff Partners represented the buyer in the transaction, and Ryan Matthews of The Staubach Company represented the seller.
BARTOW, FLA. — Realvest Development, a division of Realvest Holdings, has purchased a 40-acre land parcel for the future development of Bartow CommerCenter, from Lakeland, Fla.-based Overkill Hill Farms, for $2.3 million. The site is located at 91 Mine Rd. George Livingston, Drew Saphos and Christie Alexander of Orlando-based NAI Realvest negotiated the sale. Bartow CommerCenter will feature 400,000 square feet of industrial space.
VOLUSIA COUNTY, FLA. — Wyotech has developed a 90,000-square-foot motorcycle and marine repair training school in Volusia County, located 15 miles northwest of Daytona Beach. The building features 12 classrooms, three motorcycle laboratories, a marine motor laboratory, a library and student lounges. Orlando, Fla.-based HuntonBrady Architects designed the facility.
BRADENTON, FLA. — A Bradenton-based investor has purchased All U Can Storage I and II, a two-building self-storage portfolio in Bradenton, for $2.1 million. The facilities, totaling 38,200 square feet of net rentable space and 2.8 acres, are located separately. Mike Mele, Scott Rutherford and Will Gendron of Tampa-based The Mele Group of Marcus & Millichap were the sole brokers in the transaction.
PORT WASHINGTON, WIS. — The construction division of Inland Cos. has been selected as general contractor for the development of the Molded Dimensions Production Facility, a 24,200-square-foot manufacturing and office facility located at 701 Sunset Rd. in Port Washington. Groundbreaking is scheduled for April, with completion expected in November.
UNION, N.J. — David Simson, Ward Greer, Lori Zuck and Marvin Rosenberg of GVA Williams have completed the sale of a 176,600-square-foot warehouse and office facility in Union. The building, which is located at 700 Liberty Ave., was purchased by Bed Bath & Beyond for an undisclosed price from Breeze-Eastern Corp. The buyer plans to convert the warehouse facility into corporate offices for its headquarters. Simson and Greer represented the buyer and Zuck and Rosenberg represented the seller in the disposition.
FORT WORTH, TEXAS — NAI Huff Partners has finalized the sale of an industrial facility located at 1400 E. Devitt St. in Fort Worth. Krest Steel purchased the 20,980-square-foot building from 1400 Berry Co. for an undisclosed amount. Frank Jester of NAI Huff Partners represented the seller in the transaction, and Bryan Gee of Keller Williams Realty represented the buyer.