LIBERTY, MO., AND STRONGSVILLE, OHIO — Trident Capital Group has acquired two Class A warehouses in Missouri and Ohio for an undisclosed price. In Liberty, Mo., Trident acquired Heartland Meadows Commerce Center, which totals 181,321 square feet. The asset was fully occupied by two tenants at the time of sale and marks Trident’s first investment in the Kansas City market. Separately, Trident expanded its presence in Ohio with the acquisition of a 185,210-square-foot building located within the Mills Business Park in Strongsville, a suburb of Cleveland. The facility was fully leased to three tenants at the time of sale. Trident worked with CBRE on the acquisitions. Sellers were not provided.
ELK GROVE VILLAGE, ILL. — Logisteed America Inc., a provider of transportation and logistics services, has renewed its 106,100-square-foot industrial lease at 2551-2561 Allan Drive in the Chicago suburb of Elk Grove Village. Kenneth Franzese and John Cassidy of Lee & Associates represented the tenant. Jonathan Kohn and Chris Volkert of Colliers represented the landlord, LaSalle Investment Management.
CHICAGO — MonoSol has signed a 35,021-square-foot lease for a new innovation and technical center located within Fulton Labs in Chicago’s Fulton Market. Headquartered in Northwest Indiana, MonoSol is a sustainable material science company that is a division of Tokyo-based Kuraray Group. The company is best known for its water-soluble, biodegradable films that are used to make laundry and dishwashing detergent packets for many household brands. When open in mid-2024, MonoSol’s innovation center will occupy the last full floor at 1375 West Fulton. The deal brings the 300,000-square-foot life sciences building to about 98 percent leased. Dan Lyne and Kelsey Scheive of CBRE represented ownership, Trammell Crow Co. Andrew Urban and David Burden of Colliers represented the tenant.
SHOREWOOD, ILL. — Quantum Real Estate Advisors Inc. has brokered the $1.8 million sale of a 15,507-square-foot retail center in Shorewood, about 45 miles southwest of Chicago. Built in the mid-2000s and located on Brook Forest Avenue, the property was 85 percent leased at the time of sale and is shadow anchored by Jewel-Osco. Chad Firsel and Dan Waszak of Quantum represented the seller, an investor based in California. An Indiana-based private investor was the buyer.
ROCKPORT, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of Paradise Self Storage, a 113-unit facility in Rockport, located outside of Corpus Christi in South Texas. The facility was built in 1994 and spans 23,800 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Iowa-based Elkhorn River Investments LLC, in the transaction. The team also procured the buyer, Corpus Christi-based Preis Investments Inc.
ROUND ROCK, TEXAS — Newmark has secured a 44,648-square-foot industrial lease at Green Hill Business Park in the northern Austin suburb of Round Rock. Richard Hoyt, Chip Wiser and Brian Cheek of Newmark represented the tenant, packaging and crating services provider TransPak Inc., in the lease negotiations. Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.
HOUSTON — Invacor Solutions, which provides pipeline services to the energy industry, has signed a 33,525-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant property at 6230 Bingle Road was built in 1979 and features 20-foot clear heights, four loading docks, 34 parking spaces and 8,190 square feet of office space. Michael Keegan and Andrew Laycock of Partners Real Estate represented the landlord, ValvTechnologies Inc., in the lease negotiations. Sarah Teel with MSL Investments represented the tenant.
SAN DIEGO — Decron Properties has acquired Margo at The Society, an apartment property located at 201 Del Sol Drive in San Diego, for $125.5 million. The name of the seller was not released. The acquisition was fueled through a 1031 exchange, with Decron selling two properties in Thousand Oaks — Los Robles Apartments for $102.5 million and Retreat at Thousand Oaks for $69 million — and reinvesting a portion of those funds into Margo at The Society. Part of a mixed-use development that includes four multifamily communities, Margo at The Society features 240 one-, two and three-bedroom apartments with quartz countertops, stainless steel appliances, designer backsplashes, soft-close cabinets and drawers, keyless entry and Nest thermostat systems. Community amenities include a resort-style pool area, fitness center and common area lounge and meeting rooms.
FAIRFIELD, CALIF. — Trammell Crow Co. (TCC) and its joint venture partner Clarion Partners have completed the construction of the first phase of development at Fairfield Industrial Center in Northern California. Located at 2725 Low Court in Fairfield, the first phase includes a Class A, 205,223-square-foot industrial facility, which is currently available for lease by a single user or multiple smaller tenants. Situated on 11 acres, the property features 36-foot clear heights; 56-foot by 47.5-foot column spacing; a 4,000-square-foot turnkey office space; 32 dock doors including 16 docks equipped with 40,000-pound levelers and seals; two grade-level doors; ESFR sprinklers; and 156 auto parking stalls and 44 trailer parking spaces. Additional features at the facility include enhanced exterior glass entries, canopies, façade accents and a landscaped site highlighting water-efficient planting. The joint venture has secured municipal approval for the second phase of development at the project, which will be located at 300 Chadbourne Road and include two Class A industrial buildings totaling 328,553 square feet. Construction for the second phase is expected to begin next year. Kevin Hatcher of CBRE, along with Brooks Pedder and Tony Binswanger of Cushman & Wakefield, are handling leasing for the property.
MOUNT SINAI, N.Y. — CBRE has negotiated the sale of Sutton Landing at Mount Sinai, a 225-unit active adult property located in the Long Island community of Mount Sinai. Built in 2021 by Long Island-based B2K Development, Sutton Landing at Mount Sinai features apartments and single-family rentals for residents age 55 and over. Amenities include a pool, pickleball courts, putting greens, fitness center with yoga and Pilates studios, massage room, game room, a lounge area with a sports bar, catering kitchen and outdoor grilling and dining stations. Aron Will, John Sweeny and Scott Bray of CBRE represented B2K Development and its partner, Chicago-based Harrison Street, in the transaction and procured the buyer, New York-based Fairfield Properties. A CBRE team of Shawn Rosenthal, Jason Gaccione, Jake Salkovitz, Aron Will, Matthew Kuronen and Michael Cregan arranged Freddie Mac acquisition financing for the deal.