NEW YORK CITY — Transwestern has arranged the $14.4 million sale of a 31,000-square-foot warehouse located at 26-25 Fourth St. in the Astoria neighborhood of Queens. Goodwill Industries owns and occupies the building. Stephen Powers, Lindsay Ornstein and Jake Cinti of Transwestern represented Goodwill in the transaction. The buyer was not disclosed.
FAIRFIELD, N.J. — JLL has negotiated two full-building industrial leases totaling 81,400 square feet in the Northern New Jersey city of Fairfield. Logistics firm Best Way Trucking Service Inc. signed a lease for 48,100 square feet, and fragrance supplier Excellentia International inked a deal for 33,300 square feet. Howard Weinberg of JLL represented the respective owners, PAN Realty and Patty Brothers Properties, in both sets of lease negotiations.
AVENEL, N.J. — Illinois-based CenterPoint Properties has acquired a 29,366-square-foot industrial building in Avenel, located south of Newark. The building is situated on a 4.3-acre site at 190 Homestead Ave. near the New Jersey Turnpike and Port Elizabeth-Newark. Jordan Avanzato and Marc Duval of JLL brokered the deal. The seller and sales price were not disclosed.
LOCUST GROVE, GA. — Monmouth Real Estate Investment Corp. has purchased a 657,518-square-foot industrial building in Locust Grove for $96.7 million. The Home Depot occupies the facility and has 20 years remaining on its lease. The asset is situated at 3150 Ga. Highway 42, 35 miles southeast of Hartsfield-Jackson Atlanta International Airport and less than one mile from Interstate 75. Monmouth Real Estate notes that the property spans 130 acres and has an opportunity for future development. The seller was not disclosed.
MENOMONEE FALLS, WIS. — California-based Bascom Group and London-based Capital Trust Group have acquired a two-building headquarters property located in Woodland Prime Corporate Park in Menomonee Falls, a northwest suburb of Milwaukee. The purchase price was $100.2 million. The buildings, located on Flint Drive, are home to the naval division of Leonardo DRS. The portfolio includes a recently completed, 372,856-square-foot research and development facility as well as an adjacent 118,620-square-foot office building, which serves as the corporate headquarters for the division. Leonardo DRS is a defense technology company. Workers at the Menomonee Falls facility design, test and produce equipment for the U.S. Navy as well as commercial and international customers. Andy Hess, Bob Flood and Kemp Collings of Founders 3 Real Estate Services represented entities controlled by Weas Development in the disposition of the portfolio. Claudio Sgobba and Christopher Knight of JLL arranged the joint venture partnership and secured a $63.7 million CMBS loan through Citigroup for the acquisition.
PONTOON BEACH, ILL. — Contegra Construction Co. has completed the second warehouse at NorthPoint Development’s Gateway Tradeport in Pontoon Beach near St. Louis. Contegra built the 544,000-square-foot property six months after completing the first warehouse at the 600-acre industrial park. The new building features a clear height of 40 feet, 56 dock doors and parking for 157 trailers. JLL is handling the lease-up. Contegra also made a series of infrastructure improvements to facilitate future development at the site.
JACKSONVILLE, FLA. — Cushman & Wakefield has arranged the sale of Fanatics E-Commerce Center, a two-building distribution center in Jacksonville. The property comprises a 560,688-square-foot building leased to Fanatics, a sports apparel and memorabilia company, and a 27,579-square-foot outparcel leased to Conlan Tire. Mike Davis, Rick Colon, Rick Brugge, Karl Johnston, Dominic Montazemi, Tyler Newman, Jacob Horsley, Zachary Eicholtz, Mark Hardee and Jordan Stenholm of Cushman & Wakefield represented the seller, IP Capital Partners, in the transaction. DRA Advisors acquired the asset for an undisclosed price. The two buildings combine to offer clear heights ranging from 20 to 30 feet, 52 dock-high entrances, 447 parking spaces and 46 trailer parking spaces. The property spans 28 acres and is situated at 5245 Commonwealth Ave., three miles north of the Interstate 10-295 interchange and 16 miles south of Jacksonville International Airport.
ADDISON, TEXAS — NAI Robert Lynn has arranged the sale of Inwood Soccer Center, a 56,000-square-foot industrial and office building in the northern Dallas metro of Addison. The buyer, Cherry Coatings, will occupy the building as its new headquarters and retrofit the property to house 75 corporate employees, as well as a large warehouse with loading docks. Chad Albert of NAI Robert Lynn represented Cherry Coatings, which plans to relocate to the property from nearby Carrollton this year, in the deal. The seller was not disclosed.
WILMINGTON, ILL. — Lee & Associates has negotiated a 500,000-square-foot, full-building industrial lease at 30260 Graaskamp Blvd. in Wilmington, about 60 miles southwest of Chicago. The new building is part of the Elion Logistics Park 55 in Will County. Walter Murhpy of Lee & Associates represented the tenant, Dynamic 3PL. Jeffrey Kapcheck and Jason Lev of CBRE represented the owner and developer, Elion Logistics Partners.
INDIANAPOLIS — Sansone Group and its joint venture partner Centersquare Investment Management have sold a 424,849-square-foot industrial facility in Indianapolis for an undisclosed price. Conrad Jacobs and Matt Kiger of Newmark assisted in the lease-up of the previously vacant property. Located at 7520 Georgetown Road, the property is now fully leased to Blue Marble Productions and DXL. The buyer was not disclosed.