SWEDESBORO, N.J. — Locally based investment firm Alterra IOS (industrial outdoor storage) has purchased a 4.9-acre facility located outside of Philadelphia in Swedesboro. The site at 223 Paulsboro Road is located 20 miles from Philadelphia International Airport and 30 miles from the Port of Philadelphia and was fully leased at the time of sale to equipment rental company Sunbelt Rentals. Scott Mertz of NAI Mertz brokered the deal. The seller was not disclosed.
COLUMBUS, OHIO — BGO and Crawford Hoying have sold a LEED Gold-certified cold storage facility in Columbus for $75.7 million. The 179,000-square-foot speculative development was completed in January. The project features refrigeration and storage technology to support modern food distribution. Contegra Construction was the general contractor, and CBRE was the leasing agent. The buyer was undisclosed.
OHIO, MICHIGAN AND WISCONSIN — MAG Capital Partners has purchased a 352,625-square-foot industrial portfolio in a sale-leaseback with Robbins Sports Surfaces, a Cincinnati-based manufacturer of high-performance flooring systems. The properties are located in Ohio, Michigan and Wisconsin and comprise manufacturing, warehouse, lumber processing, milling, finishing, assembly and office space across more than 111 acres. Phil DiGennaro and Joe DiGennaro of STREAM Capital Partners represented the seller.
ROSELLE, ILL. — Industrial Outdoor Ventures (IOV) has acquired an industrial outdoor storage (IOS) property located at 160 N. Garden Ave. in Roselle. The 5.7-acre property features a 28,964-square-foot maintenance building and a 1,350-square-foot standalone office. The maintenance building features 13 drive-thru service bays and four additional drive-in doors. IOV plans to make improvements to the facility as part of a leasing initiative. With this acquisition, IOV owns seven Chicago-area assets totaling 90 acres with approximately 158,500 square feet of buildings for storage, maintenance and complementary uses. Matt Garland of Cawley represented the seller, a regional cell tower construction and maintenance company. Garland and Andrew Maletich of Cawley have been named the leasing agents for the property.
CHANDLER, ARIZ. — Unbound Development of Phoenix has acquired a freestanding industrial building in Chandler from Rogers Corp. for $14 million. Located at 165 S. Price Road, the 100,000-square-foot property was vacant at the time of sale. Built in 1982 and renovated in 2005, the building features 8,400 amps of power, expandable to 150 megawatts, an oversized lot and Loop 101 freeway frontage. The single-tenant property is situated on 16.7 acres. Unbound Development plans to upgrade the property to meet the needs of today’s users. Joshua Wyss and Steven Mardian of Cushman & Wakefield represented the seller, while Michael Kitlica of Cushman & Wakefield represented the buyer in the transaction.
WESTLAND, MICH. — Marcus & Millichap has arranged the sale of Five Star Store It, a 1,103-unit self-storage property in the Detroit suburb of Westland. The sales price was undisclosed. The facility sits on 22 acres at 5235 S. Merriman Road and features 30 climate-controlled units, 774 non-climate-controlled units and 229 parking spaces totaling 115,707 net rentable square feet. A retail component on the property will be converted into climate-controlled storage. Brett Hatcher, Gabriel Coe and Nathan Coe of Marcus & Millichap represented the private regional seller and procured the buyer, MyPlace Storage.
CAROL STREAM, ILL. — Lee & Associates of Illinois has negotiated a 188,142-square-foot industrial lease at 815 Kimberly Drive in the Chicago suburb of Carol Stream. The 406,000-square-foot property is now fully leased. Kenneth Franzese, John Cassidy and Jay Farnam of Lee & Associates represented the landlord, Prologis. NAI Hiffman represented the tenant, Bulldog Cartage, which is undergoing an expansion from its primary location in Addison, Ill.
HUNTLEY, ILL. — Amsco Distributing has signed a 15,000-square-foot industrial lease at 11419 Smith Drive in the Chicago suburb of Huntley. Kevin Kaplan of Entre Commercial Realty negotiated the lease. The tenant will utilize the facility for its third-party logistics operations. The multi-tenant building is also home to Pound for Pound Fitness.
GARLAND, TEXAS — Marcus & Millichap has brokered the sale of Storage Fit, a 140-unit self-storage facility in Garland, a northeastern suburb of Dallas. The facility is located at 3701 Dividend Drive and features 47,539 net rentable square feet. A West Coast-based 1031 exchange investor sold the property to a private, locally based investment group for an undisclosed price. Danny Cunningham and Brandon Karr of Marcus & Millichap brokered the deal.
DALLAS — Holt Lunsford Commercial has negotiated a 46,000-square-foot industrial lease at 904 Regal Row in northwest Dallas. Sam Crain, Harrison Davis and Oliver Day of Holt Lunsford represented the tenant, Fresh from Texas LLC, in the lease negotiations. Kevin Griffiths and Michael Haggar with JLL represented the undisclosed landlord. Information on the property was not available via LoopNet.