NORTHBOROUGH, MASS. — James Elcock, William Lynch and Timothy O’Brien of Colliers Meredith & Grew have competed the sale of an office and warehouse facility located at 102 Otis St. in Northborough. The 34,140-square-foot building sits on 8.95 acres within close proximity to routes 9 and 495. The Colliers team represented the seller, the 1986 Vincent D. Barletta Trust, and Eric O’Brien of O’Brien Commercial Properties, represented the buyer, Otis Street Properties, in the transaction. The sale price was undisclosed.
Industrial
HIALEAH, FLA. — WPS Development has purchased a 50,000-square-foot self-storage facility in Hialeah, from TKG Storage Mart, for $6 million. The building is situated on 2.8 acres near Miami International Airport. Steven Tick of Podolsky Northstar CORFAC International represented the seller, and the buyer was represented by Jose Cordera and Pete Garcia of Miami-based Gateway Realty Services.
ST. LOUIS AND O’FALLON, MO. — St. Louis-based Gateway Commercial/Cushman & Wakefield has brokered the sale of three warehouse/distribution properties for a total of $9.96 million. In St. Louis, the firm arranged the $4.25 million sale of a 165,000-square-foot building located at 6501 Hall St. In O’Fallon, the firm brokered the $2.92 million sale of a 115,200-square-foot building located at 601 Cannonball Lane. Finally, Gateway completed the sale of a 95,241-square-foot building, located at 2701 Hereford St. in St. Louis, for $2.79 million. Patrick Reilly and Geoffrey Orf of Gateway Commercial represented the undisclosed sellers in each of the transactions.
CHICAGO — Riverwoods, Ill.-based Podolsky Northstar CORFAC International has arranged the purchase of a two-building self-storage property, located at 6714 S. Cottage Grove Ave. and 7001 S. Chicago Ave. in the Hyde Park neighborhood of Chicago, for $2.3 million. Steven Tick of Podolsky Northstar represented the buyer, Columbia, Mo.-based StorageMart Partners. The seller, REO Self-Storage, was represented by Dan Hyman of Millennium Properties.
ALBUQUERQUE, N.M. — Ground has broken for SCHOTT Solar’s new 200,000-square-foot solar manufacturing site in Albuquerque. Located within Forest City Covington NM’s 12,900-acre Mesa del Sol, the facility represents a planned $500 million, long-term investment by SCHOTT and employment of approximately 1,500 people at full production.
HICKORY HILLS, ILL. — Elmhurst, Ill.-based Darwin Realty & Development Corp. has completed the sale of an 83,000-square-foot, multi-tenant industrial property located at 9901-9913 S. 87th Ave. in Hickory Hills. The building comprises six units and features 20-foot clear ceiling heights, as well as truck and grade-level capabilities. Brian Liston of Darwin represented the buyer, Value Industrial Partners. The seller was not disclosed. The acquisition price was also undisclosed, but the property listed for $4.5 million.
CHESTERFIELD, MICH. — L. Mason Capitani/TCN Worldwide (LMC) has brokered the sale of a 41,430-square-foot manufacturing facility located at 50903 E. Russell Schmidt Blvd. in Chesterfield. The property was acquired by Turri’s Italian Food, which plans to use the facility to expand its current operations located in Roseville, Mich. Thomas Jablonski of LMC represented Turri’s, as well as the undisclosed seller. The acquisition price was not disclosed, but the asking price was $1.25 million.
AVONDALE, PA. — Steve Italiano and Bert DiClemente of CB Richard Ellis (CBRE) have completed the $3.75 million sale of 380 Starr Rd., a 106,846-square-foot production facility in Avondale. Set on 11.7 acres along the Route 41 corridor, the two-story building contains office, R&D and industrial space. CBRE represented the seller, 41 Properties, and the buyer, Starr Capital Investments, in the transaction.
HILLSBORO, ORE. — KBS Realty Advisors has acquired Evergreen Park, a four-building light industrial park located on NW Evergreen Parkway in Hillsboro. The 10.56-acre property offers 172,000 square feet of space and is currently 83 percent leased to seven tenants. The acquisition price and the seller were not disclosed.
CHESTERFIELD, MO. — St. Louis-based ARCO Construction Co. is advancing construction for a $3.8 million Lamborghini dealership, located at 9 Arnage Dr. in Chesterfield. The 22,000-square-foot facility will be the 100th dealership worldwide for the Italian automaker and its first in the St. Louis area. It will feature a 2,700-square-foot showroom, a 60-foot by 10-foot raised platform to showcase up to four cars, an exotic used car inventory room, a Lamborghini boutique, two internal car washes and an automobile photo booth area. The exterior of the facility will feature a 25-foot fountain, and a motor court that connects the dealership to the existing Bentley and Maserati dealerships. The Lamborghini dealership is owned by a partnership between St. Louis Motorsports’ J.J. Mills and Graham Hill. ACI/Boland served as project architect, with ARCO providing design/build services. Completion is scheduled for this spring.