RANTOUL, ILL. — Easton-Bell Sports Inc. has started construction of a new 800,000-square-foot distribution and assembly center in Rantoul. The sports equipment and accessory maker plans to consolidate its current operations into one facility. The center is scheduled for completion in late 2013. The building will handle products under the company's Bell, Blackburn, Easton Cycling, Giro and Riddell brands.
FAIRFIELD, OHIO — P&R Honeymoon has purchased a 226,000-square-foot manufacturing and distribution building at 7100 Dixie Highway in Fairfield for $2.7 million. The food service packaging company plans to use the facility to manufacture packaging materials. The facility features 15,500 square feet of office space, 24 truck docks and a five-ton bridge crane. Rob Gemerchak and Jim Medbery of Binswanger represented the seller, Pella Corp., in the transaction.
SABINA, OHIO — Fenner Dulop Conveyor Systems and Services has signed a 32,200-square-foot lease at a warehouse facility at 277 Kenyon Drive in Sabina. Fenner Dunlop supplies conveyor belts to mines and rock quarries across the globe. More than 25 employees will move to the new facility. Tim Echemann of Industrial Property Brokers represented both parties in the transaction.
MILWAUKEE — Manesis Transportation, a company that specializes in equipment and large product transportation, has purchased a 20,604-square-foot industrial building at 4600 West Mitchell St. in Milwaukee. The company plans to use the facility to store equipment and products for its customers. Maximilian Yokosh of Cassidy Turley represented the buyer in the transaction. Rand Wolf of CBRE Group represented the seller, Hennes Services.
HOPKINTON, MASS. — Construction is under way on a $45 million apartment community in Hopkinton, known as Alta Legacy Farms. The 240-unit development is part of the Legacy Farms project, a 730-acre suburban community consisting of 700 single-family homes. One-bedroom units will range from 722 to 1,000 square feet, while two-bedroom units will measure 1,200 square feet. Amenities will include a billiard room, coffee bar, theater and fitness center. The project team includes Wood Partners, the developer; Legacy, the general contractor; and Cube3 Studios, the project architect.
NEW YORK CITY — United American Land has acquired 160-08 Jamaica Ave., a retail development site in Queens, for $14 million. The property contains 156,000 buildable square feet and is the largest retail development site on Jamaica Avenue. The property had been vacant for 20 years. United American Land plans to renovate the property and lease it to a major big-box retailer within the next six months. Yosef Katz of GFI Realty Services represented the seller, Petra Capital Management, in the transaction. He also represented the buyer.
MEDIA, PA. — Beech Street Capital has arranged a $9.9 million HUD 232/223 (a)(7) loan to refinance Sterling Healthcare and Rehabilitation Center, a 164-bed skilled nursing facility in Media. Joshua Rosen of Beech Street originated the 31-year loan. The center was build in the 1950s and has continually been upgraded by the owner. The property is 93 percent occupied.
NEW YORK CITY — NYC Department of Hospital Employees Local #420 has purchased a 7,766-square-foot office condominium at 70 West 36th St. in New York City for $4.1 million. The NYC Department of Hospital Employees is the largest public employee union in New York City, and the new office space will serve as the organization's headquarters. Brandon Medeiros of Time Equities represented the seller in the transaction. Jonathan Cohen of JTK Cohen and Co. represented the buyer.
PLANO — A public-private partnership between Franklin, Tenn.-based Southern Land Co., Chicago-based NXT Capital and the City of Plano have plans to develop a $30 million mixed-use development in downtown Plano. The transit-oriented development will feature 279 multifamily units and 9,000 square feet of retail space, including an urban 7-Eleven store. Residents of the development will have access to a fitness facility, swimming pool and be within walking distance of Historic Downtown Plano. The project is slated for a spring 2014 completion.
GARLAND — Westmount Realty Capital has purchased Garland Business Park, a 1.13 million-square-foot distribution and warehouse center located at 2600 McCree Road in Garland, near Dallas. The dry storage and freezer/cooler center is situated on a 66-acre, rail-served site. Westmount plans to rebrand the center as Garland Logistics Park and spend approximately $12 million in improvements during the next three years. The center is currently 70 percent leased to national and regional tenants. David Sours, Kevin Kelly and Jack Fraker of CBRE Group represented the seller in the transaction, and Sours and Kelly will be the new leasing brokers for the project.