GLENDALE, ARIZ. — Sunbelt Rentals has leased 23,288 square feet of industrial space in Glendale. The space is located at 5714 N. 51st Ave. The equipment rental company is new to this market. It was represented by Rob Martensen of Colliers International. The landlord, ABC Contractor Supply Co., was represented by Keri Scott, Jackie Orcutt and John Grady of Cushman & Wakefield.
Industrial
DALLAS — Crow Holdings Capital Partners LLC has broken ground on Mountain Creek, a new industrial park situated along Interstate 20 & Grady Niblo Road in Dallas. The 87-acre development will include two buildings totaling 1.3 million square feet of distribution and warehouse space. Phase I of the project will include one building totaling 630,000 square feet. McFadden & Miller is the contractor and Azimuth Architecture is the architect.
COMMERCE TOWNSHIP, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 20,000-square-foot industrial building in Commerce Township, approximately seven miles north of Novi. The building is located at 2077-2089 E. St. The seller, H & K Investments Inc., sold the building to 2089 Easy Street LLC for an undisclosed sales price. Phil Konopitski of Friedman Integrated Real Estate Solutions represented the buyer and the seller in the transaction.
MCKINNEY, TEXAS — Encore Wire Corp. has announced plans for an expansion of its McKinney headquarters. The company is in its 25th year in business and will invest more than $30 million to expand its manufacturing facilities and provide more than 125 new jobs in McKinney. The company has more than 1,180 employees and is the largest taxpayer in McKinney. The expansion of its existing aluminum wire plant will add 128 new jobs and increase the size of the plant from 200,000 square feet to 450,000 square feet. The expansion is expected to be complete in December.
EL PASO — Hackman Capital Partners LLC has purchased two facilities formerly owned by a Hoover Inc. affiliate. The acquisition includes a plastic injection molding and CNC (computer numerically controlled) tool making facility in El Paso and a manufacturing building in Juarez, Mexico. The firm partnered with Industrial Assets Inc. and Maynards Industries to purchase the assets in a bulk transaction. The El Paso building contains 423,435 square feet while the Juarez building spans 274,295 square feet.
ISLIP, N.Y. — Rechler Equity Partners plans to develop three build-to-suit properties totaling 119,000 square feet of industrial/flex space within the Islip Foreign Trade Zone (FTZ). The project will include a 54,000-square-foot property at 100 Trade Zone Dr., a 24,000-square-foot building at 101 Roebling Court, and a 41,000-square-foot structure at Two Roebling Court. The new buildings join a fourth, fully constructed Rechler-owned asset at 200 Trade Zone Dr. within the FTZ. Situated on 52 acres, Islip FTZ currently offers 435,000 square feet of prime warehouse and office space.
BEAVERTON, ORE. — Oregon Metropolitan Elite Gymnastics Academy (OMEGA) has leased 20,014 square feet at the Harvest Court Industrial building in Beaverton. The building is located at 9700 SW Harvest Court. OMEGA will occupy the space Aug. 1. The academy was represented by Ken Boyko of NAI Norris, Beggs & Simpson. The landlord, Lynch Properties LLC, was represented by Scott MacLean of the same firm.
LAKE FOREST, CALIF. – A 103,000-square-foot industrial building in Lake Forest has sold to CT Realty for $13 million. The light manufacturing/warehouse building is located at 20 Icon within the Foothill Ranch Business Park. The Class A building is currently vacant.The CT Realty affiliate plans to implement a capital improvement program to improve the existing building. Gregory Ozimec of Industrial Brokers Inc. represented both the buyer and seller, a private real estate investor, in this transaction.
HIALEAH, FLA. — Easton & Associates has arranged an 80,201-square-foot industrial lease at a 485,000-square-foot warehouse/distribution facility in east Hialeah, about six blocks north of Miami International Airport. The property is a former Winn Dixie distribution center constructed in 1960. Tom Kimen and David Oladle of Easton & Associates represented the landlord, a Midwest-based investor, in the lease transaction. The tenant was Permasteelisa North American Corp., a global construction-related firm.
LANCASTER, N.Y. — Coldwell Banker Commercial Meridian has brokered the acquisition of a modern warehouse and manufacturing facility located on 28 acres in Lancaster. Winnomotive Properties, a Canadian company that manufacturers roll-up doors for emergency vehicles, purchased the property for $1.1 million. The property was formerly used as a Honda four wheeler distribution facility. Eric Tudor and Patricia Collins of Coldwell Banker Commercial Meridian represented the buyer, while Gunner Tronolone of MJ Peterson Commercial represented the seller in the transaction.