Industrial

RIDGEWOOD, NJ-Heritage Capital teams up with its two investment partners to buy three distribution center properties from KB Toys.

DEER VALLEY, AZ-The company buys five buildings, totaling 81,477 sf or half of the first phase of Alameda Business Park. The extra space will be ready to occupy in early 2008.

TEMECULA, CA-The locally based Garret Group will develop the headquarters and distribution facility for Professional Hospital Supply.

ITASCA, IL-ML Realty Partners LLC acquired the 1.9-million-sf portfolio earlier this year for $122 million from CenterPoint Properties.

It's a good time for corporate America to make commitments in the Garden State.

HARRISON TOWNSHIP, MI-The company gets the military's nod to lead the development of multifamily, office, hotel and industrial facilities at the Selfridge base.

MINOOKA, IL-Opus North Corp. is starting construction on Minooka Ridge Building Two after selling the company's first spec building in the business park.

DALLAS-The good news is Dallas/Fort Worth's absorption is keeping pace with completions. The question is will it continue since there is roughly 16 million sf still rising.