MECHANICSBURG, PA. — Seagis Property Group is nearing completion on the Dauphin Distribution Center in Mechanicsburg. Located at 35 Dauphin Dr., the cross-dock distribution center will encompass 310,050 square feet of industrial space. The facility is slated for completion in June. Joe McDermott, Vincent Ranalli and Jeffrey Watson of CB Richard Ellis have been retained as the exclusive leasing agents for the facility.
Industrial
ASHLAND, MASS — Fantini & Gorga has arranged $14.4 million in permanent financing for Ledgemere Park in Ashland. The 245,000-square-foot industrial and office park contains five contiguous one- and two-story, multi-purpose industrial and office flex buildings. The property sits on 15.4 acres at 240-290 Eliot St. The borrower was Ledgemere LLC.
HOUSTON —Holliday Fenoglio Fowler’s (HFF) Houston office has completed the sale of five industrial buildings located at 8503, 8607, 8609, 8711 and 8833 City Park Loop at the intersection of North Loop 610 and McCarty Street in Houston. INVESCO Real Estate sold the properties, which are with the industrial park City Park East, to an undisclosed pension fund advisor. The five industrial buildings total 882,232 square feet on approximately 36 acres, and are currently fully leased to Exel Logistics. Rusty Tamlyn and Mike Parker of HFF’s Houston office represented the seller in the transaction.
TOLLESON, ARIZ. — Irvine, Calif.-based LBA Realty Fund III-Company IX has purchased McShane Westside Business Park, a four-building industrial park located at 86th Avenue and Buckeye Road in Tolleson. 86th Avenue Industrial Park LLC sold the property for $73 million. Recently developed by McShane/MetLife, the Class A park consists of a 164,210-square-foot facility, two 203,372-square-foot buildings and a 535,213-square-foot facility. Toci and Ted Harrison of Cushman & Wakefield, along with Allen Lowe and Matt Hobaica of Lee & Associates Arizona Inc., negotiated the transaction.
LAS VEGAS — Danoski Clutts Building Group has recently broken ground for the construction of Spencer Street Distribution, a distribution center located near Sunset and Spencer streets in Las Vegas. The 86,000-square-foot facility will be attached to a neighboring warehouse by a roof structure. The average tilt wall panel will be 35 feet with multiple door openings and dock levers. Completion is slated for fourth quarter. TRP Inc. is providing architectural services for the project.
WASHINGTON, D.C. — The Thomas Sommerville Companies has acquired the former A&A Hardware Building, a two-story, 40,000-square foot warehouse and office building in Washington, D.C., from Theodore Grossman for $3.5 million. The property is located at 6250 Chillum Place NW. Neil Simon and Jonathan Butts of Merrifield, Va.-based Uniwest Commercial Realty represented the seller, and Alan Coppola of KLNB’s Columbia, Md. office represented buyer. The building will continue to be used as a hardware, plumbing and electrical supply company.
WAUKEGAN, ILL. — GVA Williams has brokered the sale of an 86,000-square-foot industrial building, located at 3800-3828 Hawthorne Ct. in Waukegan, for $3.87 million. The building is situated on approximately 4 acres, and is divisible into eight units. The building features 18-foot clear ceiling heights, 8 interior docks and 128 car parking spaces. Daniel Tobin of GVA represented the buyer, Greystone Holdings. HB Properties was the seller.
BRANCHBURG, N.J. — Feist & Feist Realty Corp., an affiliate of Coldwell Banker, has completed the $4.3 million sale of an industrial property located at 47 Readington Rd. in Branchburg. The 77,000-square-foot facility was sold by Southern Wine & Spirit of America to Hampshire Global Partners. John Adams of Coldwell Banker represented the seller, and Thomas Monahan of Colliers Houston represented the buyer in the transaction.
MOOSIC, PA. — Hinerfeld Commercial Real Estate has completed the sale of 625 Rocky Glen Rd., a 42,000-square-foot warehouse facility in Moosic. Situated on 3 acres off US Route 11, the facility is in close proximity to I-81, 380, 84 and 476. Harry Rothstein of Hinerfeld represented the seller, Carl Touhey, who sold the property to J & J Snack Foods Corp./MIA. The sale price was undisclosed.
SANTA FE SPRINGS, CALIF. — Birtcher Development & Investments has partnered with an institutional investor represented by Cornerstone Real Estate Advisers LLC to acquire a 608,220-square-foot industrial property in Santa Fe Springs for $68 million. Located at 9400 Santa Fe Springs Rd., the property sits on a 22.86-acre site and serves as a warehouse/distribution center for its existing tenant. Clyde Stauff of Colliers-Seely represented the buyer and the seller, Northwestern Mutual Life Insurance Co., in the transaction.