PEARLAND, TEXAS — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 124,000-square-foot warehouse in the Houston suburb of Pearland. Located at 3702 Knapp Road, the property features 24-foot clear heights and 6,000 square feet of finished office space. David Hummel and Vince Elder of CBCUR represented the seller, GP Assets Inc., in the transaction. Kenneth Li of Century 21 Southwest represented the buyer, Houston Z & L Holding Inc.
CLINTON, CONN. — 30 Old Post LLC has purchased an 11.2-acre industrially zoned site in Clinton for an undisclosed price. Located at 30 Old Post Rd., the site offers active rail freight service and was previously used by Cheeseborough Ponds Company/Unilever. The buyer intends to remove the existing building, which collapsed in 2013. Kevin Geenty and Kristin Geenty of The Geenty Group brokered the transaction for the buyer and seller, Old Post Road Associates LLC. Robert Harrington III of Branford, Conn., and Alan Askinazi of New Jersey provided legal representation for the buyer, while Timothy Yolen of New Haven, Conn., provided legal services for the seller.
OKLAHOMA CITY — Full-service real estate company Binswanger has brokered the sale of a six-building industrial complex totaling 215,290 square feet in Oklahoma City. The structures, located on approximately 15 acres at 3810 N. Tulsa Ave., feature reinforced concrete floors, 23 total loading doors, fluorescent lighting and 38,338 square feet of air-conditioned office space. Situated on the northwest side of the city, the assets are in proximity to I-44, I-40, I-35, I-235, Northwest Expressway and Lake Hefner Parkway, in addition to Will Rogers World Airport. Kipp Collins of Binswanger represented the seller, Franklin Electric Co. Inc., in the transaction. The buyer, Orton Development Inc., plans to market the property for sale or lease to a variety of users.
KANSAS CITY, MO. — Hufft Projects, an architecture and design firm, has purchased a 60,000-square-foot industrial and manufacturing warehouse. MidFirst Bank sold the property, which is located at 3612 Karnes Blvd. in Kansas City, for an undisclosed price. Hufft has made about $1.4 million in improvements in the space with plans for additional improvements to the building and surrounding area. Ben Boyd and Russell Pearson of Lee & Associates Kansas City represented the seller. Roxanne Elliott of Lane4 Property Group Inc. represented the buyer in the transaction.
SOUTH BRUNSWICK, N.J. — L’Occitane en Provence has signed a long-term lease for a Class A warehouse and distribution facility located at 120 Herrod Blvd. in South Brunswick. Forsgate Industrial Partners LP owns the 176,783-square-foot property. Constructed in 1986, the property offers 11,104 square feet of office space, 26-foot ceilings, 16 loading docks and 198 parking spaces. David Knee and Blake Chroman of Jones Lang LaSalle represented the tenant; Catherine Argenio represented the owner in-house.
PORTLAND, ORE. — Clarion Partners, LLC has purchased a 134,000-square-foot distribution warehouse in Portland for an undisclosed sum. The Class A warehouse is located in the Airport Way industrial submarket. It is fully leased.
DALLAS — Developer Billingsley Co. has broken ground on a new 340,000-square-foot warehouse within the Mercer Business Park in Dallas. Designed as a distribution center, the structure will offer highway frontage and excellent visibility. The speculative building will be the first at the development, which is situated at the northwest corner of the interchange of Interstate 635 and Interstate 35 and stretches northward into the adjacent city of Farmers Branch. Billingsley is also planning build-to-suit structures for the 225-acre site.
CHICAGO — Dallas-based Westmount Realty Capital has acquired the Premier Chicago Industrial Portfolio, which is located near O’Hare International Airport in Chicago. The 1.5 million-square-foot portfolio consists of eight infill industrial properties, which are occupied by Hearthside Food Solutions, Jewel-Osco, Halls Rental Service, Revolution Dancewear and Gold Eagle.
AUBURN HILLS, MICH. — Knight Global has purchased 173,000 square feet of industrial space for an undisclosed price. The space is located at the United Solar Ovonic building at 2705 Commerce Parkway in Auburn Hills. John Lominack and Robert Hanzl of Colliers International represented the buyer in the transaction. The seller was not disclosed.
MALVERN, PA. — Malvern-based Liberty Property Trust has completed the sale of 48 properties, totaling 2.6 million square feet and 19 acres, for $329.6 million. The recent closing consists of 2.1 million square feet of office space and 468,000 square feet of flex properties, including 1.37 million square feet across 23 properties in Maryland, 1.89 million square feet across 24 properties in New Jersey and a 36,718-square-foot property in Fort Washington, Pa. The sale is part of a previously announced transaction consisting of a total of 97 properties. The first closing, which occurred in December 2013, consisted of 49 properties for $367.7 million.