HOUSTON — Newmark Knight Frank (NKF) has negotiated a 64,000-square-foot industrial lease at 10515 Okanella St. in Houston. Reid Halverson, Fred Puskarich, Louis Pascuzzi and David Creiner of NKF represented the tenant, Morsco Supply LLC, a distributor of commercial and residential plumbing products, in the lease negotiations. Transwestern represented the landlord, San Francisco-based Prologis.
SCHERTZ, TEXAS — NAI Partners has arranged the sale of a 409,685-square-foot distribution center located at 1150 Schwab Road along the Interstate 35 corridor in the Central Texas city of Schertz. According to LoopNet Inc., the site was developed in 2008, includes 78,500 square feet of office space and houses additional land for future expansion. Carlos Marquez of NAI Partners represented the undisclosed seller in the transaction. The buyer was HPI Real Estate Services & Investments, which acquired the property vacant.
BATAVIA, ILL. — Winslyn Industries has signed a 50,651-square-foot industrial lease at 1850 Fabyan Parkway in Batavia, a western suburb of Chicago. The wholesaler of kitchen and bathroom products is expanding from a 32,000-square-foot facility in Bartlett. Winslyn’s new space is part of a 150,838-square-foot distribution center newly developed by Cratos Industrial Properties. Winslyn is scheduled to take occupancy this quarter. Jim Pietrarosso of Brown Commercial Group represented the tenant in the lease transaction. Kate Coxworth of Morken & Associates represented the developer.
DES MOINES, IOWA — NorthMarq has secured a $4.7 million loan for the refinancing of a Broadway Storage facility in Des Moines. The 728-unit property is located at 4933 E. Broadway Ave. Jason Kinnison of NorthMarq’s Omaha office arranged the loan with a life insurance company. Terms of the loan were undisclosed.
ORLANDO, FLA. — Sysco Corp., a global food distribution and marketing organization, has completed the expansion of FreshPoint Central Florida, a food processing facility located at 8801 Exchange Drive in Orlando. FreshPoint, Sysco’s specialty produce company, operates the facility. The expansion doubles the facility’s size to 150,000 square feet and includes a new culinary center for demonstrations and staging, new equipment for produce processing, LED lighting, energy-efficient coolers and a new system for collecting produce waste. FreshPoint Central Florida stocks a wide variety of locally grown products throughout the year, including tomatoes, citrus, row crop vegetables, Zellwood Triple Sweet Corn, microgreens, peaches, specialty potatoes, tropical fruits, grapes and figs.
LOMBARD, ILL. — Exeter Property Group has acquired a 193,000-square-foot industrial building located at 100 Progress Road in Lombard for an undisclosed price. The property is situated at the intersection of I-355 and North Avenue in the Central DuPage County submarket. The building offers clear heights ranging from 24 to 29 feet and is fully leased to Orora Packaging. David Bercu of Colliers International brokered the sale. A private investor sold the asset.
ADDISON, ILL. — CPG.IO has leased 144,614 square feet of industrial space at 1150 N. Swift Road in Addison. The company, which helps brands grow their e-commerce operations, previously subleased 100,000 square feet at the facility before entering into the direct lease agreement. Kelly Disser and Michael Freitag of NAI Hiffman represented CPG.IO in the seven-year lease, which commences in May. Cushman & Wakefield represented Lincoln Property Co., which manages the property on behalf of a domestic pension fund. Lincoln will upgrade the warehouse with new LED lighting and heating units and make improvements to the office space. Built in 1998 on 15 acres, the property features a clear height of 30 feet, more than 40 loading docks, four drive-in doors and 200 car parking spaces.
HOUSTON — Rhone Brittmoore Logistics LP has acquired a 111,530-square-foot complex of industrial flex and manufacturing buildings in northwest Houston. The complex spans 7.9 acres and formerly served as a campus for Nabors Drilling Technologies USA Inc. Clay Pritchett and Zane Carman of NAI Partners represented Rhone Brittmoore in the transaction. Jeff Peden, Scott Miller and David Cook of Cushman & Wakefield represented Nabors, which was both the seller and former occupant.
HOUSTON — Marcus & Millichap has brokered the sale of a 37,736-square-foot industrial building located at 7200 Wynnpark Drive in Houston. The property was built on 1.3 acres in 1971 and renovated in 1979 and 1982. Adam Abushagur and Cary Latham of Marcus & Millichap represented the seller, a private investor, in the transaction. Other terms of sale were not disclosed.
DALLAS — Holt Lunsford Commercial has negotiated a 73,580-square-foot industrial lease at 5200 E. Grand Ave in Dallas. According to LoopNet Inc., the property was built in 1952. Canon Shoults and Josh Barnes of Holt Lunsford represented the landlord, Frontier Equity, in the lease negotiations. The tenant was Regent Aerospace Corp.