SHELTON, CONN. — Bruce Wettenstein of Vidal/Wettenstein has completed the $3.8 million sale of 6 Waterview Dr. in Shelton. The 45,000-square-foot industrial facility sits on 5 acres. Wettenstein represented the seller, Doran Manufacturing, and Joel Hausman represented the buyer, Alpha-Core, in the transaction.
Industrial
DALLAS — Vaquero Holdings has purchased multiple adjacent sites totaling 4 acres at Southwell Road and Shady Trail in Dallas. The company, which bought the properties from Southwell Investments, plans to develop the land for a new material supply distribution yard. Tom Grunnah and Lily Chang of Henry S. Miller Commercial represented both the buyer and seller in the transaction. The sale price was undisclosed.
CARROLLTON, TEXAS — Grubb & Ellis, a real estate services firm, has brokered the lease of an industrial site in Carrollton on behalf of Panolam Industries International Inc. The company, a melamine and laminate services provider, has leased the property from Holt Lundsford Commercial. Gary Lindsey of Grubb & Ellis represented Panolam Industries International Inc. in the transaction. Terms of the lease were undisclosed.
GAINESVILLE, VA. —Bristow Industrial Park, a 550,000-square-foot, $45 million project in Gainesville, will break ground in spring 2008. The industrial park is owned by BIP LLC, and Weber Ghadban & Associates will serve as project manager and listing broker. The project will have build-to-suit and buy or lease options.
PLAINFIELD, IND. — Rosemont, Ill.-based McShane Corp. has completed a 248,336-square-foot industrial building at MetroAir Business Park, located adjacent to Indianapolis International Airport in Plainfield. Situated on 13.32 acres at the intersection of Stafford Road and Ronald Reagan Parkway, Building Three is able to accommodate single or multiple users. It features a precast panel exterior, 28-foot clear ceiling heights, 30 exterior docks, six drive-in doors, 50-foot by 50-foot bay spacing, a 140-foot truck court and is divisible from 25,000 square feet. McShane provided construction services for the project, with JRA Architecture providing design services. Patrick Lindley of Colliers Turley Martin Tucker is acting as exclusive leasing agent for the property. Building Three represents the second phase of development of MetroAir Business Park, a 56-acre, master-planned business park that is being developed by Horn Properties and McShane.
ALEXANDRIA, MINN. — Boston-based STAG Capital Partners has acquired a 172,170-square-foot industrial facility located at 4750 County Road 13 NE in a sale/leaseback transaction. The property contains manufacturing, warehousing and office space, and is currently leased to Brenton Engineering, a division of Pro Mach. Brad Sweeney and Josh Plosker of STAG, along with Tom Wagener of Wagener Commercial Realty, represented STAG in the transaction. Pollina Corporate Real Estate represented Pro Mach. The acquisition price was not disclosed.
WACO, TEXAS — Tractor Supply Co. has broken ground on the $10.2 million expansion of its distribution center located at 2801 Corporation Pkwy. on Interstate 35 in Waco. The project will increase the size of the facility, which was built in 2003, from 305,000 square feet to a 654,221-square-foot space. The center currently services 135 stores in Texas, Oklahoma and Arkansas, and will soon increase to include stores in Louisiana, Mississippi and New Mexico. The distribution center for the company, which operates more than 750 stores in 43 states, has been located in Waco for 10 years.
FONTANA, CALIF. — Ryko Products has completed the $10 million sale-leaseback of its 139,630-square-foot industrial property, which is located at 12903 Jurupa Ave. in Fontana. Ryko Products, a custom profile plastic extruders, currently occupies the building, which serves as the company’s headquarters, manufacturing and distribution hub. Clyde Stauff and Stephen Calhoun of Colliers International’s Commerce, Calif., and Michael McCrary of Colliers’ Ontario, Calif., office represented the seller and the buyer, a private investor, in the transaction.
CORONA, CALIF. — Enclosed Tow LLC has purchased a 50,909-square-foot industrial building located at 1771 Delilah St. in Corona. BA & CR Investments Inc. sold the property for $5.6 million. The seller is currently building a 125,000-square-foot manufacturing facility, and will lease back the Delilah Street property until the new building is complete. Chris Hauso of NAI Capital’s Ontario, Calif., office represented the seller; Scott Seal of Lee & Associates represented the buyer in the transaction.
CHICAGO — Cushman & Wakefield has brokered the sale of a 660,000-square-foot industrial portfolio of Chicagoland properties for $46 million. The portfolio consists of 10 properties: four are located in Bensenville, three are located in Buffalo Grove, two are located in Wood Dale, and on is located in Elmhurst. The portfolio is 92 percent leased. Ken Szady, Jim Carpenter and Joe Voet of Cushman & Wakefield’s Chicago office marketed and disposed of the property on behalf of the undisclosed seller. The portfolio was acquired by TA Realty Associates.