GARLAND, TEXAS — Multipackaging Solutions Dallas, a provider of packaging services for the healthcare, cosmetics and electronics industries, has signed a 69,000-square-foot industrial lease at 2755-2975 Miller Park N. in the northeastern Dallas suburb of Garland. The property was built in 19887 and is zoned for warehouse uses, according to LoopNet Inc. Josh Barnes and Ben Wallace of Holt Lunsford Commercial represented the landlord, TA Realty. Nathan Lawrence of CBRE represented the tenant.
CAROL STREAM AND ELGIN, ILL. — Colliers International has brokered the sale of two warehouses in Carol Stream and Elgin. The asking price was $7 million, but the final sales price was not disclosed. The Carol Stream property spans 45,746 square feet and includes five loading docks. The building is fully leased to two tenants. The Elgin property spans 35,756 square feet and includes three loading docks. Kelly Joyce of Colliers represented the undisclosed buyer. Jeff Devine and Steve Disse of Colliers represented the seller, Bristol Group.
COMMERCE, GA. — Southeast Toyota Distributors will break ground on a $90 million, 350,000-square-foot plant in Commerce on Dec. 11. The new facility will be situated across Ga. Highway 334 from the distributor’s current plant, which employs 236 full-time associates. The new plant will feature amenities for workers, such as a health and wellness center, nature trail, fitness center, meeting area and an expanded café. The company distributes vehicles, parts and accessories to 177 Toyota dealerships in Alabama, Florida, Georgia, North Carolina and South Carolina. The new facility will include six rail spurs capable of accommodating 90 rail cars at once. The campus is expected to be complete in April 2020.
PEMBROKE PARK, FLA. — Best Buy has leased 27,256 square feet of industrial space and Ryder has renewed its lease for 70,861 square feet at Seneca Industrial Park in Pembroke Park. The combined 98,117 square feet brings the 885,000-square-foot industrial park to full capacity. Thomas Kresse, Ben Eisenberg, Walter Byrd and Carlos Gaviria of Transwestern represented the landlord, TH Real Estate, the investment arm of TIAA. Craig Fetherston of The Shopping Center Group represented Best Buy, a multinational consumer electronics retailer. Tom O’Loughlin of CBRE represented Ryder, a nationwide company specializing in fleet management solutions, supply chain management and logistics.
SCRANTON, PA. — Trammell Crow Co. has acquired a 90-acre site at the Valley View Business Park in Scranton. The company plans to build a 1 million square-foot speculative distribution facility on the site. The sales price was undisclosed. The building is scheduled for completion in the third quarter of 2019 and will feature 40-foot clear heights, 311 trailer parking spots, 277 car parking spots, 159 dock positions and ESFR fire protection. Trammell Crow purchased the site from the Scranton Lackawanna Industrial Building Co., the industrial development affiliate of the Greater Scranton Chamber of Commerce. CBRE Allentown was given the leasing assignment for the project.
NEW YORK CITY — Cushman & Wakefield has brokered the $1.9 million sale of a two-story warehouse in the South Bronx. Located at 585 Jackson Ave., the 10,020-square-foot property includes two garage doors, gas heat and 50 feet of street frontage. Jonathan Squires and Michael Fioravanti of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was also undisclosed.
BROWNSVILLE, TEXAS — San Diego-based investment firm PacVentures has acquired a portfolio of 10 industrial properties totaling 811,092 square feet in the South Texas city of Brownsville. The portfolio was 96 percent leased at the time of sale to multiple tenants, including windshield wiper provider Trico and its affiliate, Carter Fuel Systems. Steve Rowland of Transwestern and Joe Simmons of AQUILA Commercial represented PacVentures in the transaction. The seller was regional investment firm Sealy & Co.
CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 298,653-square-foot industrial lease renewal at 2115 E. Belt Line Road in the northern Dallas suburb of Carrollton. Jim Brice and Andrew Gilbert of Holt Lunsford represented the landlord, Lexington Realty Trust. Jeff Mercer of The Mercer Co. represented the tenant, Teasdale Foods Inc., a producer of canned and packaged foods including beans, hominy and sauces.
HOUSTON — NAI Partners has brokered the sale of a 71,566-square-foot industrial building located at 4545 Langfield Road in northwest Houston. According to LoopNet Inc., the property features 26-foot ceiling heights, 15 dock-high doors and 13,920 square feet of office space. Randy Wilhelm and John Ferruzzo of NAI Partners represented the buyer in the transaction. Bill Rudolf of CBRE represented the seller. Both parties requested anonymity.
NEWBURGH, IND. — Marcus & Millichap has brokered the sale of a 560-unit self-storage facility in Newburgh in southwestern Indiana. The sales price was not disclosed. The facility, located at 6998 Loehr Road, spans 74,562 square feet. The property includes 88 climate-controlled units, 411 drive-up units and 61 parking spaces. Jeffrey Herrmann, Sean Delaney and Michael Mele of Marcus & Millichap marketed the property on behalf of the undisclosed sellers. The team also secured and represented the buyer, Iron Gurad Storage.
