Industrial

HALTOM CITY, TEXAS — Bradford Commercial Real Estate Services has brokered the sale of a 56,666-square-foot flex property and an adjacent 6.9-acre tract in the Fort Worth suburb of Haltom City. The building, the former headquarters of Progressive Concepts Inc., includes 24,000 square feet of office space, 3,000 square feet of retail/showroom space and approximately 30,000 square feet of warehouse space. Features include one acre of paved parking and two generators. The structure is located at 5718 Airport Freeway, and the undeveloped land is located at 5722 Airport Freeway, both in close proximity to Loop 820, Interstate 35 and the Fort Worth CBD. Nick Talley of Bradford marketed the property, while Leland Prowse and Alex Bryant of Transwestern represented the buyer, Blackmon Mooring, a property restoration company which will use the property as its new headquarters.

DALLAS — ElmTree Net Lease Fund II has acquired two industrial buildings in Dallas for a combined purchase price of $26.5 million. The first asset is a 150,975-square-foot facility located at 2717 S. Main St. within the Dallas-Fort Worth International Airport and leased by Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. Five years remain on the tenant’s original 10-year lease, and under terms of the acquisition, Sikorsky may expand the facility by 150,000 square feet. The second asset is a 72,056-square-foot building, also within the airport, occupied by Hitachi High Technologies America. Nine years remain on the tenant’s original 10-year lease. The property, used for the manufacturing and development of microchips, features clean rooms, a product demonstration room and a designated Foreign Trade Zone area in the warehouse portion of the building. ElmTree Net Lease Fund II is a private equity fund sponsored by ElmTree Funds LLC.

HEMPSTEAD, TEXAS — Marcus & Millichap has brokered the sale of a 108,000-square-foot industrial building in the far northwest Houston suburb of Hempstead. Constructed in 2009 and expanded in 2013, the tilt-wall facility features crane-ready space and includes climate-controlled labs and finished office space. Logan Industries International Corp, a provider of hydraulic repair, field and design services for the offshore oilfield industry, holds an extended triple-net lease for the property. Located at 1000 Blasingame Road, the asset is in proximity to a Southern Pacific rail line near the intersection of U.S. Highway 290 and State Highway 6. Christopher Jones of Marcus & Millichap represented the seller, a private investor, in the transaction. Charlie Hampton, also with Marcus & Millichap, represented the buyer, a limited liability company.