BROOKFIELD, WIS. — Colliers International has brokered the lease renewal of 87,786 square feet of office space in Brookfield. Old Republic Insurance Co. has renewed a 74,077-square-foot lease while expanding to an additional 13,709 square feet at Deer Creek Corporate Center. Lyle Landowski and Joe Lak of Colliers International brokered the deal.
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WARREN, MICH. — Signature Associates has negotiated a 6,700-square-foot industrial lease in Warren, a suburb of Detroit. The building is located at 24525-24585 Forterra Drive. Paul Saad and Ben Wilkiemeyer of Signature Associates represented the landlord, Forterra Associates LLC. Wilkiemeyer also represented the tenant, Advanced Therapeutics. The medical equipment provider is based in Clinton, Mich.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of four buildings in Brooklyn. Robert Burton and Keegan Mehlhorn of Cushman & Wakefield represented the undisclosed seller in the transactions, which totaled $27.5 million. The portfolio includes 975 Washington Avenue, a 36,732-square-foot, 44-unit multifamily property that sold for $10.5 million; 762 E. Third Street, 32,000-square-foot, 42-unit multifamily building that sold for $8.5 million; 1812 East 18th Street, a 29,500-square-foot, 34-unit multifamily property that sold for $7.6 million; and a 2,133-square-foot industrial property located at 5614 Third Ave., which sold for $850,000. The names of the buyers were not released.
Colliers Facilitates $4.2M Sale of Industrial/Office Property in Pennsauken, New Jersey
by Amy Works
PENNSAUKEN, N.J. — Colliers International has brokered the sale of an industrial and office building located at 1700 Suckle Highway in Pennsauken. Edison Lithograph and Printing acquired the property for $4.2 million. The printing company plans to expand its operations at the 114,000-square-foot facility. Situated on 7.7 acres, the building features 18-foot clear heights, tailgate and drive-in loading, abundant parking, heavy power and highway frontage on Route 130. The seller, Hill-Rom, is relocating to a renovated facility in Moorestown, N.J. Marc Isdaner of Colliers represented the seller, while Scott Mertz of NAI Mertz Corp. represented the buyer in the deal.
PHILADELPHIA — GM Global LLC has purchased a manufacturing and warehouse facility located at 9999 Global Road in Philadelphia. 9999 Global LLC sold the property for $1 million. The 22,900-square-foot facility features a two-story office area, two tailgate loading doors and one drive-in door. Sean Durkin of Roddy Inc. represented the seller in the deal.
Fischer Commercial Real Estate Brokers $1.6M Acquisition of Industrial Building in Watertown, Connecticut
by Amy Works
WATERTOWN, CONN. — Fischer Commercial Real Estate Specialists has arranged the acquisition of an industrial building located on 8.4 acres at 760 Frost Bridge Road in Watertown. 1 Frost Bridge Road Realty, a title-holding entity of Norwalk-Wilbert Vault Co., acquired the property from Frost Bridge Road LLC for $1.6 million. The buyer plans to relocate its operations from Bridgeport, Conn., to the 47,098-square-foot property once renovations and structural modifications are complete. Alan Fischer of Fischer Commercial Real Estate Inc. represented the buyer, while Nick Longo of Mathews Commercial Properties represented the seller in the deal.
NEW BRAUNFELS, TEXAS — NAI Partners has arranged the sale of a 128.5-acre site at 7965 Old Bastrop Road in New Braunfels. Schlameus Trust sold the commercially zoned site to Don Buttrom for an undisclosed price. Brett Lum of NAI Partners represented the seller, while Wayne Windle of Anders Pierce Realty represented the buyer in the deal.
ARLINGTON, TEXAS — Coldwell Banker Commercial Advisors has arranged the acquisition of a two-story office building located at 801 E. Border St. in Arlington. Bardin Square Investors Ltd. acquired the property from Snowden Family Properties LLP for an undisclosed price. Renee Efimoff of Coldwell Banker Commercial Advisors represented the buyer, while Jordan Foster of Peyco Southwest Realty represented the seller in the transaction.
TOMBALL, TEXAS — Marcus & Millichap has arranged the sale of Acadiana Courte, an office property located at 16506-16522 Avenplace/16430 A-E N. Eldridge in Tomball. A developer sold the 20,135-square-foot property for an undisclosed price. Keith Lloyd of Marcus & Millichap represented the seller. The name of the buyer was not released.
PONTIAC, ILL. — Senior Living Investment Brokerage Inc. has arranged the sale of Woodridge Supportive Living in Pontiac, north of Bloomington, for $7.5 million. The 36,610-square-foot facility sits on five acres and includes 60 units. A private partnership that develops and operates assisted living and memory care facilities was the seller. A regional operator of seniors housing in Illinois was the buyer. Ryan Saul of Senior Living Investment Brokerage arranged the transaction.