Property Type

MWD LOGISTICS RENEWS 90,624 SF LEASE IN CHICAGO

by admin August 29, 2012

CHICAGO — MWD Logistics has renewed its lease for 90,624 square feet at 1500 East 97th St. in Chicago. The space is part of Calumet Business Center, a 2 million-square-foot industrial complex made up of 12 buildings south of downtown Chicago. The site is served by rail and is within one-quarter mile of I-94. The Chicago Tribune, Del Monte, MeadWestvaco and Cargil anchor the development. Chris Gary of NAI Hiffman represented the landlord, Ashley Capital, in the transaction. Adam Haefner of Darwin Realty represented the tenant.

August 29, 2012

INVESTOR ACQUIRES MICHIGAN APPLEBEE'S BUILDING FOR $2.3M

by admin August 29, 2012

UTICA, MICH. — Marcus & Millichap has arranged the $2.3 million sale of a 5,538-square-foot Applebee's property in Utica. The restaurant is located at 45211 Park Ave. and Applebee's has 16 years remaining on its lease. The property is situated next to a La Quinta Inn & Suites. Ray Turchi and Christopher Travis of Marcus & Millichap represented the buyer, a private investor in the transaction.

August 29, 2012

Industrial Midwest

UPS SUPPLY TO OCCUPY MORE THAN HALF OF OPUS I AT BIG RUN

by admin August 29, 2012

URBANCREST, OHIO — UPS Supply Chain Solutions has signed a long-term lease for 248,145 square feet at Opus I at Big Run in Urbancrest, bringing the building to full occupancy. UPS Supply will occupy just over 50 percent of the space in the 491,000-square-foot facility, which is owned by an affiliate of The Opus Group. The balance of the building is occupied by McKesson. The industrial building is located at I-270 and Route 62. Mike Hurd, Rick Trott and Kevin McGrath of Cassidy Turley represented the building owners in the transaction.

August 29, 2012

Midwest Retail

USED AUTO PARTS RETAILER BUYS LOCATION IN MIDDLETOWN

by admin August 29, 2012

MIDDLETOWN, OHIO — RZ Auto Parts has purchased a 7,600-square-foot industrial property situated on 3 acres at 2410 Oxford State Road in Middletown. The new location will support existing automobile-related operations at adjacent facilities and will repair and sell used auto parts. Craig Hughes of Industrial Property Brokers represented both parties in the transaction.

August 29, 2012

Industrial Northeast

DOLLAR GENERAL BUYS 110 ACRES OF INDUSTRIAL LAND IN BETHEL

by admin August 29, 2012

BETHEL, PA. — Dollar General has purchased 110 acres of indusrial land at Berks Park in Bethel. The land will be developed for a distribution center. Jack Shepley of NAI CIR and Joe Howell of NAI Global Corporate Solutions represented Dollar General in the transaction. Jeff Williams of Cushman & Wakefield represented the seller, Berks County Industrial Development Authority.

August 29, 2012

Mixed-Use Northeast

MIDTOWN WEST MIXED-USE BUILDING NETS $9.4M

by admin August 29, 2012

NEW YORK CITY — GFI Realty Services has arranged the $9.4 million sale of 750 10th Ave., a mixed-use building in Manhattan built in the early 1900s. The sale translates to $600 per square foot. The five-story building contains 20 apartments and four stores totaling 15,506 square feet. Barak Jacobov and Shulem Paneth of GFI Realty Services represented the seller in the transaction. Ohad Babo, also of GIF Realty Services, represented the buyer, a local investor.

August 29, 2012

Northeast Retail

VERIZON RENEWS LEASE ON WALL STREET

by admin August 29, 2012

NEW YORK CITY — Verizon Wireless has renewed its lease at 100 Wall St. The retailer will continue to occupy 2,360 square feet on the basement and ground floors for a five-year term. The landlord, Savanna, was self-represented by Todd Korren. Robert Gibson of Cushman & Wakefield represented the tenant.

August 29, 2012

Multifamily Northeast

GEBROE-HAMMER ARRANGES 12 SALES TOTALING $19M IN LAST THREE WEEKS

by admin August 29, 2012

LIVINGSTON, N.J. — Gebroe-Hammer Associates has arranged 12 multifamily trades totaling $19.5 million in the last three weeks. In Hudson County, Gebroe-Hammer arranged four transactions involving 117 units in Jersey City, N.J., Union City, N.J., and West New York. In Elizabeth, N.J. and East Orange, N.J., the firm represented clients in three sales netting $5.3 million for 76 apartment rental units and seven ground-floor units. In Patterson, Gebroe-Hammer closed three sales, two of which were short sales totaling 33 units for $725,000; a note sale in Irvington, N.J. involving 32 units for $500,000; and the trade of 28 units in Montclair, N.J.

August 29, 2012

Office Texas

REGIONS BANK SELLS WESTGROVE AIR PLAZA

by admin August 29, 2012

ADDISION — Regions Bank has sold the 79,481-square-foot Westgrove Air Plaza, a two-story office building located on land leased to Addison Airport at 4570 Westgrove Road in Addison. The property is 50 percent occupied by 15 tenants. Dallas-based Bradford Commercial Real Estate Services represented the buyer, North Texas-based Guardian Texas Management, in the all-cash transaction.

August 29, 2012

Retail Texas

SPEC’S LIQUOR STORE IN DALLAS SELLS

by admin August 29, 2012

DALLAS — A California investment group led by Michael Day of Embarcadero Advisors has purchased the 45,000-square-foot Spec’s Wines, Spirits & Finer Foods, located on the southeast corner of North Central Expressway and Walnut Hill Lane in Dallas. Rick Ikeler and Brad Gibbs of SRS Real Estate Partners represented the buyer in the transaction. The seller is Glenn Lake Partners LP.

August 29, 2012

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