OAK FOREST, ILL. — E. Formella & Sons, a global condiment manufacturing company, has sold its 32,880-square-foot facility at 411 E. Plainfield Road in Countryside, Ill. The company has since purchased a 45,594-square-foot property at 16425 S. Kilbourn Ave. in Oak Forest. Sales prices were not provided. Terri Alexander of Transwestern represented E. Formella in the sale of its former property. Alexander, along with colleague Alex Genova, represented E. Formella in its site selection and purchase of the new facility. Chet Evans and Kiefer Price of Hilco Real Estate represented American Blue Ribbon Holdings LLC, which was the seller of the Oak Forest property. Countryside KC LLC purchased the Countryside facility.
GRAPEVINE, TEXAS — CBRE has negotiated the sale of a 202,140-square-foot industrial property located near Dallas-Fort Worth (DFW) International Airport in Grapevine. DFW North Logistics Center consists of two buildings that were constructed in 2008 and feature 21- to 30-foot clear heights and parking space for up to 100 trailers. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of CBRE represented the seller, an affiliate of Olympus Ventures, in the transaction. Boston-based STAG Industrial purchased the asset, which was fully leased at the time of sale, for an undisclosed price.
NEWCASTLE, OKLA. — Marcus & Millichap has brokered the sale of Riverside Boat & RV Storage, a 492-unit facility in Newcastle, a southern suburb of Oklahoma City. The property spans 161,316 net rentable square feet of space. Bryan Quaschnick, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a private owner who developed the facility, and procured the buyer in the transaction. Both parties requested anonymity.
YORK, PA. — A joint venture between ASB Real Estate Investments and Endurance Real Estate Group has acquired York Business Center, a 1.5 million-square-foot industrial facility located in the central part of the state, for approximately $91 million. The three-building property, which was 94 percent leased at the time of sale, sits on a 119-acre site near the intersection of Interstate 83 and State Route 30. Tenants include Harley-Davidson, which operates a preassembly facility that supports the nearby manufacturing plant, as well as printing company LSC Communications and nonprofit healthcare provider WellSpan. Building features include clear heights of up to 32 feet and parking for roughly 1,600 cars and 400 trailers. The seller was not disclosed.
OKLAHOMA CITY — Marcus & Millichap has brokered the sale of Apublix Self Storage, a 563-unit facility in Oklahoma City. The property encompasses 83,960 net rentable square feet of climate- and non-climate-controlled space. Bryan Quaschnick, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
AURORA, ILL. AND WHITESTOWN, IND. — Industrial Outdoor Ventures (IOV) has acquired a 39,450-square-foot property at 1401 N. Farnsworth Ave. in Aurora as well as a 22,500-square-foot facility at 4212 Perry Blvd. in Whitestown. The seller and purchase price were undisclosed. IOV owns properties in the outdoor storage facility space. Both of these properties are designed for truck maintenance and repair and are fully occupied by MacQueen, an environmental and emergency service and products provider. Kate Coxworth, Dominic Carbonari and Frank Griffin of JLL represented IOV in the acquisition.
CARROLLTON, TEXAS — Packaging firm Western Industries Corp. has signed a 97,446-square-foot industrial lease at 1200 W. Crosby Road in the northern Dallas suburb of Carrollton. Andrew Gilbert and Keaton Brice represented the landlord, Holt Lunsford Commercial Investments, in the lease negotiations on an internal basis. Mark Miller with NAI Robert Lynn represented the tenant.
WEST WAREHAM, MASS. — Commercial architectural millwork and cabinetry firm Master Millwork will open a new, 67,000-square-foot headquarters facility in West Wareham, located in the southern part of the state. The company will relocate form a 25,000-square-foot space in the same market. Master Millwork intends to hire 30 additional employees to work at the new facility, which is under construction and expected to be complete in January. Rockland Trust provided the company with a $6 million loan to fund construction of the new facility and acquire key pieces of equipment.
MANALAPAN, N.J. — Locally based brokerage firm Sheldon Gross Realty has arranged the $4.9 million sale of a 66,500-square-foot industrial property in Manalapan, about 50 miles south of New York City. The two-building complex sits on a five-acre site and was close to 100 percent leased at the time of sale. Matthew Leonelli of Sheldon Gross Realty brokered the deal. The buyer and seller were not disclosed.
EAST RUTHERFORD, N.J. — Brookaire Co., a supplier of HVAC parts and systems, has signed a 50,358-square-foot industrial lease at 46 Whelan Road in the Northern New Jersey community of East Rutherford. San Francisco-based Terreno Realty Corp. owns the building, which was constructed in 2006 and features a clear height of 30 feet. Kevin Dudley and Nick Klacik of CBRE represented the tenant in the lease negotiations.