LAWRENCEVILLE, N.J. — Segal LaBate Commercial Real Estate has arranged the sale of an office building located at 133 Franklin Corner Road in Lawrenceville. Atrium at Lawrenceville, an affiliate of Howco Management, purchased the 33,000-square-foot property, known as The Atrium, for an undisclosed price. Constructed in 1984, the property had been family owned and operated until the sale. Anne LaBate of Segal LaBate Commercial brokered the transaction.
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NORTH CANTON, OHIO — Combi Packaging Systems LLC has signed a 156,000-square-foot lease at 6299 Dressler Road N.W. in North Canton, about 20 miles south of Akron. The facility will serve as Combi’s new corporate office and house its manufacturing, engineering and management departments. A joint venture company with 3M Packaging Systems Division and the MJ Maillis Group, Combi is a manufacturer of end-of-line packaging equipment. Herb Verderber of CBRE represented the tenant in the lease transaction. Sean Sanford of CBRE represented the landlord, One Whipple Co. LLC.
DEXTER, MICH. — Redline Athletics has signed a 10,581-square-foot retail lease in Dexter, about 10 miles northwest of Ann Arbor. The youth athletic training center for ages 8-18 will occupy the currently vacant space at 7007-7093 Dexter Ann Arbor Road. This will be the second metro Detroit location for the company, following Farmington Hills. Ben Hubert and Benji Rosenzweig of Colliers International represented the tenant in the lease transaction. The landlord was not disclosed.
INDIANAPOLIS — Lee & Associates has brokered the sale of a 10,320-square-foot industrial building in Indianapolis for an undisclosed price. The property is located at 5311 Commerce Circle. Cindy Hoskinson of Lee & Associates represented the seller, Eiker Investments LLC. George Dury of Dury Investment Group represented the undisclosed buyer.
SANTA ANA, CALIF. — A joint venture between Pacshore Partners and Canyon Partners Real Estate LLC has purchased Harbor Corporate Park in Santa Ana for an undisclosed sum. The park is situated on Harbor Boulevard near the central corridor in the SOCO office market. Harbor Corporate Park contains four two-story buildings set on 8.93 acres with 574 parking spaces. A capital improvement plan will include upgrades to enhance the aesthetic of the property, and a spec suite will be built to market to prospective tenants.
NEW YORK CITY — Ariel Property Advisors has brokered the sale of an industrial property located at 4510 White Plains Road in the Wakefield neighborhood of the Bronx. An undisclosed buyer acquired the two-story building sold for $3.7 million. The 29,029-square-foot building features four curb cuts and entrances. Additionally, the property is zoned M1-1, which allows for manufacturing use. Marko Agbaba, Jason Gold, Victor Sozio and David Khukhashvilli of Ariel Property Advisors represented the undisclosed seller and secured the buyer in the deal.
Global Transport Logistics Leases 253,575 SF of Industrial Space in Piscataway, New Jersey
by Amy Works
PISCATAWAY, N.J. — Global Transport Logistics has leased 253,575 square feet of newly constructed warehouse and distribution space at 276 Old New Brunswick Road in Piscataway. The licensed air, ground and ocean freight forwarding company is relocating from Fair Lawn, New Jersey. The move will nearly double the third-party logistics company’s regional warehouse footprint. Noah Balanoff, Chuck Littell and Gregory Healy of Colliers International represented Global Transport, while JLL represented the landlord, Industrial Property Trust, in the transaction.
NEW YORK CITY — A joint venture between Keystone Equities and Normandy Real Estate Partners has acquired an industrial building located at 25-11 49th Ave. in the Long Island City neighborhood of Queens. Howard Weinstein and Scott Weinstein, owners of Candid Litho printing, sold the property for $39.1 million. The 109,200-square-foot property is zoned M1-4, which allows for a range of community facility, commercial and light manufacturing uses. The buyer plans to convert the property and utilize the air rights to expand the building to 11 stories spanning 238,000 square feet of creative office space. Jonathan Eshaghian and Jakub Now of Marcus & Millichap represented the seller and procured the buyer in the deal.
NEW YORK CITY — Cushman & Wakefield has brokered the sale of an apartment building located at 210 E. 95th St. in Manhattan’s Upper East Side. An undisclosed buyer acquired the 9,892-square-foot building for $12.1 million. Hall Oster, Tom Gammino, Teddy Galligan, Brett Weisblum and Tim O’Brien of Cushman & Wakefield represented the undisclosed seller in the deal. The property features two two-bedroom units, 12 three-bedroom units and one four-bedroom apartment. The free-market apartments feature in-unit washers and dryers and a gas-fired boiler.
NEW YORK CITY — Eastern Consolidated has arranged the sales of two retail properties totaling $10.5 million. In the first transaction, an owner-user purchased a 6,624-square-foot mixed-used building with ground-floor retail space, located at 27 E. 20th St. in Manhattan’s Flatiron District, for $7.2 million. The buyer plans to open a restaurant in the ground-floor retail space. Adelaide Polsinelli and Mitchell Goldstick of Eastern Consolidated represented the buyer, while Jonathan Schwartz, also of Eastern Consolidated, represented the seller, Silvershore Properties, in the transaction. In the second deal, Polsinelli represented the seller, 68 Thomas Street Associates LLC, in the sale of a 3,732-square-foot retail condominium at 68 Thomas St. in Manhattan’s Tribeca. Studio 68 LLC purchased the property for $3.2 million. Prime Manhattan Realty represented the buyer in the transaction.