SKOKIE, ILL. — Georgia Nut Co., a manufacturer of nuts and candy, has renewed its 123,000-square-foot industrial lease at 7500 Linder Ave. in Skokie. The industrial food processing facility features eight docks, 9,000 square feet of office space, a retail store and a clear height of 23 feet. Ned Frank and Pat Hake of Colliers International represented the owner, LINK. The lease enables Georgia Nut to receive tenant improvements for its operations.
OMAHA, NEB. — Marcus & Millichap has arranged the sale of a 129-room La Quinta hotel in Omaha for an undisclosed price. Built in 1981, the two-story property is located at 3330 N. 104th Ave. Ebrahim Valliani, Allan Miller and Chris Gomes of Marcus & Millichap marketed the hotel on behalf of the seller, a private investor. The team also secured and represented the buyer, a private investor.
FAIRLESS HILLS, PA. — A partnership between Pennsylvania-based Endurance Real Estate Group and Texas-based Thackeray Partners has sold Penn Logistics at Bucks, a 240,358-square-foot industrial complex in Fairless Hills, located in between Philadelphia and Trenton. The sales price was $18 million. The four-building property was built between 1968 and 1970 and features 24-foot clear heights, 42 dock doors and proximity to Interstates 295 and 95. Michael Hines, Brad Ruppel, Brian Fiumara and Lauren Dawicki of CBRE represented the seller and procured the undisclosed buyer in the transaction.
BRIDGEWATER, N.J. — Brother International Corp., a provider of home office and business products, has signed a 101,724-square-foot office lease extension at 200 Bridgewater Crossing on the western outskirts of New York City. Atlanta-based Piedmont Office Realty Trust owns the 299,000-square-foot building, which was built in 2002 and offers a café, fitness center, conference center and an onsite helipad. Andrew Zezas, Scott Lesh and Brian Davidson of JLL represented Brother International in the lease negotiations. William McCaffrey of Avison Young represented the landlord.
NEW YORK CITY — Elijah Equities has begun leasing The Warehouse, a 98,000-square-foot office building located at 520 W. 20th St. in Manhattan’s Chelsea neighborhood. The four-story property is a redevelopment of a former textile mill and features floor-to-ceiling windows, central heating and cooling on each floor and 18,000 square feet of outdoor terraces. Newmark Knight Frank is the exclusive leasing agent for the building.
JERSEY CITY, N.J. — CBRE has negotiated a 95,808-square-foot industrial lease at 79 Thomas McGovern Drive in Jersey City, a western suburb of New York City. The property sits on five acres and offers 36-foot clear heights, 87 parking spaces, 2,000 square feet of office space and an ESFR sprinkler system. Thomas Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Hageman, Gerard Monahan and Brian Fiumara of CBRE represented the landlord, California-based CT Realty, in the lease negotiations. The tenant, an undisclosed international e-commerce firm, will occupy the entirety of the building.
KEYPORT, N.J. — Pennsylvania-based automotive parts supplier Best Line Equipment has acquired a 73,468-square-foot industrial complex in Keyport, located in coastal New Jersey, for $5 million. The property spans 14 acres and offers proximity to the Garden State Parkway and Newark Liberty International Airport. The seller was Fragrance Resources Inc.
SALEM, ORE. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 190-unit seniors housing campus in Salem. The community features 94 independent living apartments, 22 cottages and 72 assisted living units. At the time it was put on the market, the property generated a 30 percent profit margin and was still 94 percent occupied despite the pandemic, according to Blueprint. The seller was an ownership group finalizing its exit from seniors housing. The buyer was a local owner-operator with two other communities within a mile of the property. The price was not disclosed.
LOS ANGELES — Western Studio Services has completed the disposition of its creative office and industrial campus at 4561 Colorado Blvd. in Los Angeles. A joint venture between Captiva Partners, Avalon Investment Co. and a private investor acquired the asset for an undisclosed price. The front 146,000-square-foot building has a mid-century modern design with two-story offices, ample warehouse space and a third-level upper deck and community room. The rear 43,000-square-foot facility features an open, clear-span footprint with high ceiling clearance. The seller formerly occupied the property. Matt Dierckman, David Harding, Greg Geraci and Billy Walk of CBRE represented the buyer and seller in the deal.
SAN DIEGO — Cushman & Wakefield has arranged the sale of Morena Storage, a self-storage facility located in central San Diego’s Morena District. Sherman Street Ventures, the original developer of the property, sold the asset to Invesco Real Estate, in partnership with Baranof Holdings, for an undisclosed price. The buyers plan to maintain the property’s name, Morena Storage. Located adjacent to interstates 5 and 8, the 108,700-square-foot Morena Storage features 1,640 self-storage units. At the time of sale, the property was 90 percent occupied. Greg Wells of Cushman & Wakefield’s Self Storage Advisory Group, along with Bryce Aberg, Zachary Harman and Brant Aberg of the firm’s Industrial/Capital Markets Group, represented the seller in the deal.
