PEWAUKEE, WIS. — Milwaukee-based Colliers Barry has brokered the purchase of a 7.8-acre parcel of land located on Watertown Road in Pewaukee. David Buckley of Colliers represented the buyer, Pewaukee Industrial Building LLC, which plans to construct an 82,922-square-foot industrial building on the site. The multi-tenant facility will feature 28-foot clear ceiling heights, and will be divisible from 20,000 square feet. Site preparation will begin in the spring, with completion scheduled for the fourth quarter. Buckley and James Young are serving as marketing agents for the property. The land parcel was acquired from Thomas A. Tetting for an undisclosed amount.
PEWAUKEE, WIS. — Milwaukee-based Colliers Barry has brokered the purchase of a 7.8-acre parcel of land located on Watertown Road in Pewaukee. David Buckley of Colliers represented the buyer, Pewaukee Industrial Building LLC, which plans to construct an 82,922-square-foot industrial building on the site. The multi-tenant facility will feature 28-foot clear ceiling heights, and will be divisible from 20,000 square feet. Site preparation will begin in the spring, with completion scheduled for the fourth quarter. Buckley and James Young are serving as marketing agents for the property. The land parcel was acquired from Thomas A. Tetting for an undisclosed amount.
SANTA ANA, CALIF. — Schnioda Design Center has signed a 10-year lease for a 135,731-square-foot industrial building, which is located at 601-603 W. Dyer Rd. in Santa Ana. 601 West Dyer Road LLC leased the property for $13.5 million. Kevin Turner and Mike Hartel of Voit Commercial Brokerage’s Irvine, Calif., office represented the landlord in the lease transaction.
AURORA, ILL. — Chicago-based Wrightwood Capital has acquired a 121,000-square-foot industrial facility, located at 2300 Raddant Rd. in Aurora, in a sale/leaseback transaction. The building features 25-foot clear ceiling heights, eight interior truck docks and 6,000 square feet of office space. The property was sold by Cano Container Corp., which occupies the building along with Packaging Dimensions and United Express System. Frank Griffin and Dominic Carbonari of Grubb & Ellis represented Cano in the sale. The property was the 16th acquisition for Wrightwood Capital’s Industrial Property Fund III. The purchase price was undisclosed.
AURORA, ILL. — Chicago-based Wrightwood Capital has acquired a 121,000-square-foot industrial facility, located at 2300 Raddant Rd. in Aurora, in a sale/leaseback transaction. The building features 25-foot clear ceiling heights, eight interior truck docks and 6,000 square feet of office space. The property was sold by Cano Container Corp., which occupies the building along with Packaging Dimensions and United Express System. Frank Griffin and Dominic Carbonari of Grubb & Ellis represented Cano in the sale. The property was the 16th acquisition for Wrightwood Capital’s Industrial Property Fund III. The purchase price was undisclosed.
LAS VEGAS — Portland, Ore.-based HIC Trident LLC has acquired Trident Industrial Park, a four-building industrial campus located at 2915 Losee Rd. in Las Vegas, for $16.2 million. Built in 2001, the 130,000-square-foot park offers 15 percent office space and 85 percent warehouse space. At the time of acquisition, the property was fully occupied. Al Barbagallo of Grubb & Ellis|Las Vegas represented the seller, Trident Industrial Park LLC, in the transaction.
TEJON RANCH, CALIF. — A joint venture between Tejon Ranch Company and Rockefeller Group Development Corp. has developed a 606,000-square-foot warehouse facility at its Tejon Industrial Complex, a 1,450-acre master-planned commercial development located at the junction of Interstate 5 and Highway 99 in Tejon Ranch. Part of the 3.1 million-square-foot complex, the new building is designed for single- or multiple-tenant use. Irvine, Calif.-based HPA designed the new building, which was constructed by Fullmer. Additionally, the U.S. Department of Commerce has officially recognized the expansion of Foreign Trade Zone #202 to now include an initial 177 acres at Tejon Industrial Complex.
WEST PALM BEACH, FLA. — West Palm Beach-based Lorelle Enterprises has acquired a 92,640-square-foot office warehouse complex in West Palm Beach from, Aspen Florida Mango, for $6.2 million. The property is located at 1600 N. Florida Mango Rd. The buyer plans to convert half the building into an ice skating rink; the remaining space will be occupied by long-term lessee Goodman Distribution. Robert Smith of CB Richard Ellis’ Boca Raton, Fla., office and Kerry Jackson of its Palm Beach Gardens, Fla., office represented the seller.
AURORA, ILL. — Chicago-based HSA Commercial Real Estate has negotiated a lease for 231,880 square feet of an industrial building located at 1203 Bilter Rd. in Aurora. The HSA-developed and owned building, which is located within Aurora Distribution Center Phase II, totals 295,000 square feet, and features 30-foot clear ceiling heights, multiple docks and drive-in doors. The 5-year lease was signed by Minneapolis-based Reviva Logistics, which plans to use the facility to provide third-party warehouse and distribution services for Hankook Tire. Charles Canale and Carter Andrus of Colliers Bennett & Kahnweiler represented HSA in the lease transaction; Reviva was represented by CresaPartners.
AURORA, ILL. — Chicago-based HSA Commercial Real Estate has negotiated a lease for 231,880 square feet of an industrial building located at 1203 Bilter Rd. in Aurora. The HSA-developed and owned building, which is located within Aurora Distribution Center Phase II, totals 295,000 square feet, and features 30-foot clear ceiling heights, multiple docks and drive-in doors. The 5-year lease was signed by Minneapolis-based Reviva Logistics, which plans to use the facility to provide third-party warehouse and distribution services for Hankook Tire. Charles Canale and Carter Andrus of Colliers Bennett & Kahnweiler represented HSA in the lease transaction; Reviva was represented by CresaPartners.