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Industrial

10300-W-Buckeye-Tolleson-AZ
AcquisitionsArizonaIndustrialWestern

Stos Partners Enters Metro Phoenix Market with 227,000 SF Industrial Acquisition

by Amy Works

TOLLESON, ARIZ. — Stos Partners has purchased a single-tenant industrial property located at 10300 W. Buckeye in Tolleson. A private seller sold the asset for $16.3 million in an off-market transaction. The acquisition marks Stos Partners’ entrance to the metro Phoenix market. Built in two phases in 2005 and 2016, the 227,000-square-foot property features 32-foot clear heights and dock-high loading doors. At the time of sale, an undisclosed tenant fully occupied the building. Bob Broyles of Colliers International and Jeff Hays of Commercial Properties represented the buyer and seller in the deal.

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8767-Rochester-Ave-Rancho-Cucamonga-CA
AcquisitionsCaliforniaIndustrialWestern

Avison Young Brokers Sale of 45,702 SF Single-Tenant Industrial Property in Rancho Cucamonga

by Amy Works

RANCHO CUCAMONGA, CALIF. — Avison Young has arranged the acquisition of a single-tenant industrial building, located at 8767 Rochester Ave. in Rancho Cucamonga. An Orange County-based private investor purchased the asset from a local private owner for an undisclosed price. Built in 1989 on nearly two acres, the 45,702-square-foot building features 24-foot clear heights, eight dock-high loading doors and a partial second-floor office. Alan Pekarcik and Chris Smith of Avison Young represented the buyer, while Ryan Velasquez and Milo Lipson of Cushman & Wakefield represented the seller in the transaction.

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IndustrialLeasing ActivityNew JerseyNortheast

National Tree Signs 608,442 SF Industrial Lease in East Windsor, New Jersey

by Taylor Williams

EAST WINDSOR, N.J. — National Tree Co., a New Jersey-based provider of decorative Christmas items, has signed a 608,442-square-foot industrial lease in East Windsor, a suburb of Trenton. The tenant will occupy the entirety of the building at 150 Milford Road, which is owned by Nevada-based Dermody Properties, for the next seven years. Andrew Warren with Atlantic Real Estate Services represented National Tree Co. in the lease negotiations. Mindy Lissner of CBRE represented the landlord.

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Garelick-Farms-Lynn-Massachusetts
AcquisitionsIndustrialMassachusettsNortheast

A.W. Perry, Novaya Real Estate Acquire 250,000 SF Industrial Facility in Metro Boston

by Taylor Williams

LYNN, MASS. — A partnership between Boston-based investment firm A.W. Perry and Novaya Real Estate Ventures has acquired a 250,000-square-foot industrial facility located in the northern Boston suburb of Lynn. The sale included an adjacent 10-acre parcel, an assemblage that formerly housed a manufacturing operation for dairy producer Garelick Farms. Now called Lynnway Park, the facility houses 60,000 square feet of cold storage space and can also support light industrial and biomanufacturing uses. Cushman & Wakefield represented the seller, Dean Foods, and procured the buyer in the transaction.

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AcquisitionsIndustrialSouth CarolinaSoutheast

Keith Corp., Singerman Real Estate Sell Industrial Facility in Metro Charleston for $55M

by Alex Tostado

SUMMERVILLE, S.C. — The Keith Corp. and Singerman Real Estate have sold a 448,765-square-foot industrial facility in Summerville for $55 million. The manufacturing and distribution facility is located at 479 Trade Center Parkway within Charleston Trade Center, an industrial park situated along Interstate 26 about 27 miles northwest of the Port of Charleston. The rear-load building features 32-foot clear heights, ESFR sprinklers, LED lighting with motion sensors, surface parking and office space. The Keith Corp. is a Charlotte-based real estate developer, and Singerman is a privately based real estate investment firm based in Chicago. Automotive parts supplier IFA Rotorion — North America, a subsidiary of Germany-based IFA Group, fully leases the facility. The asset was originally delivered in 2018 and in July 2020, The Keith Corp. and Singerman Real Estate expanded the facility by 211,000 square feet. Pete Pittroff and Patrick Nally of JLL represented the sellers in the transaction. Solid Rock Group represented the buyer, an undisclosed family office.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Arranges Sale of 577-Unit Self-Storage Facility in Houston

by Taylor Williams

HOUSTON — Marcus & Millichap has arranged the sale of Strack Road Storage, a 577-unit facility located on the city’s northwest side. The property spans 198,005 square feet. Dave Knobler of Marcus & Millichap represented the seller, a locally based partnership, in the transaction. Knobler also secured the buyer, New York-based Merit Hill Capital.

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IndustrialLeasing ActivityTexas

Bioworld Merchandising Signs 123,844 SF Industrial Lease in Irving

by Taylor Williams

IRVING, TEXAS — Bioworld Merchandising, a global manufacturer and distributor of licensed apparel and accessories, has signed a 123,844-square-foot industrial lease at TCC Passport Park in Irving. John Fulton, Clayton Johnson, Nora Hogan and Jordan Wade of Transwestern represented the tenant in the lease negotiations. Steve Trese and Steve Koldyke of CBRE represented the landlord, Trammell Crow Co.

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IndustrialLeasing ActivityMichiganMidwest

MollerTech Leases Newly Constructed Industrial Building in Macomb Township, Michigan

by Kristin Harlow

MACOMB TOWNSHIP, MICH. — MollerTech LLC has leased 51280 Regency Center Drive, a newly constructed industrial and office building spanning 65,106 square feet in Macomb Township. MollerTech’s luxury automotive leather assembly division will occupy the space. MollerTech expects to move into the new space in March and create more than 75 skilled labor jobs. Joe DePonio and Jason Capitani of L. Mason Capitani CORFAC International represented both the tenant and undisclosed landlord in the lease transaction.

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AcquisitionsIndustrialNew JerseyNortheast

JLL Negotiates Sale of 55,000 SF Industrial Property in Boonton, New Jersey

by Taylor Williams

BOONTON, N.J. — JLL has negotiated the sale of a 55,000-square-foot light industrial property located at 95 Fulton St. in Boonton, about 30 miles west of New York City. The property is situated on 14.2 acres and features 24- to 40-foot clear heights, 112 parking spaces and 11,000 square feet of office space. Howard Weinberg of JLL represented the seller, steel manufacturer Erasteel Inc., in the transaction. Jeffrey Fulton and Jason Levy of Team Resources Inc. represented the buyer, J. Supor & Son Trucking & Rigging.

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AcquisitionsIndustrialNAINew JerseyNortheast

NAI Hanson Brokers Sale of 45,670 SF Industrial Building in Clifton, New Jersey

by Taylor Williams

CLIFTON, N.J. — NAI James E. Hanson has brokered the sale of a 45,670-square-foot industrial building located at 9 Bridewell Place in the Northern New Jersey city of Clifton. Building features include 23-foot clear heights and 11,102 square feet of office space. Ken Lundberg, Darren Lizzack, Randy Horning, Pat Lennon and Lorenzo Lambiase of NAI Hanson represented the seller, Challenge Partners LLC, in the transaction. The buyer was beverage producer and distributor 3 V Co. Inc.

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