HOUSTON — NAI Houston has brokered the sale of a 17,440-square-foot industrial property in Houston’s downtown industrial submarket. Located at 5720 Harvey Wilson Drive, the warehouse has 13- to 20-foot clear heights and multiple loading doors. John Ferruzzo and Chris Kugle of NAI Houston represented the seller, 5720 HW LLC, in the transaction. Steelvest 5720 LLC purchased the asset.
FRISCO, TEXAS — Bradford Commercial has arranged an 18,000-square-foot lease for the new headquarters of Skinny IT Corp., a wireless technology and integration company, in Frisco. The tenant will relocate to the Class A flex space, located in Frisco Commerce Center Building B at 10570 John W. Elliott Drive, from its previous 3,000-square-foot office in Addison. The new location is within a 281,053-square-foot complex in close proximity to the Dallas North Tollway. Nick Talley represented Skinny IT in the negotiations, while Bob Hagewood of Stream Realty Partners LP represented the landlord, SeaCal Frisco LLC.
MILWAUKEE — Pro-Safety Inc. has signed a 10,000-square-foot industrial lease at 6621 W. Mill Road in Milwaukee. Anthony Huenerbein of The Dickman Co. Inc./CORFAC International represented Pro-Safety Inc., a manufacturer of chainsaw parts for the logging industry, in the transaction. Jim Larkin of Colliers International represented the landlord, 6601 Mill LLC.
HOUSTON — CBRE has brokered the sale of The Pines Business Park, a 139,330-square-foot industrial property in Houston. Constructed in 2009, the three-building, Class A complex features 20- to 24-foot clear heights and was fully leased to multiple tenants at the time of the sale. The asset, located on Budde Road, is in close proximity to Interstate 45 and the future ExxonMobil campus. Jack Fraker, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni, Tom Lynch and Paul Segreto of CBRE, along with Kevin Wyatt of Lincoln Property Co., represented the seller, a private fund advised by Crow Holdings Capital Partners LLC and Lincoln Property Co.
HOUSTON — NAI Houston has brokered the sale of a 27,160-square-foot industrial building in Houston. The warehouse/distribution facility features three grade-level doors and approximately 2,000 square feet of office and showroom space. Located at 2412 Texas Ave., the asset is in the Downtown Industrial submarket. John Ferruzzo and Chris Kugle of NAI Houston represented the seller, Tool Mart Inc. Tom Dosch and Tim Dosch of Apartment Realty Advisors represented the buyer, JLB EADO LP.
TEMPE, ARIZ. — Tempe Commerce Center, a 177,848-square-foot industrial complex in Tempe, has sold to Presson Corporation for $11.8 million. The nine-building center is located at 6105-6125 S. Ash, 124-148 W. Orion, 125 W. Gemini and 6100-6202 S. Maple. It was built in 1982. The seller was Kieckhefer Properties. The transaction was executed by Bob Buckley, Steve Lindley and Tracy Cartledge of Cassidy Turley’s Capital Markets Group.
MOODY, ALA. — Graham & Co., an industrial real estate developer, has completed a 31,200-square-foot industrial property in Moody, a suburb of Birmingham. The project is a build-to-suit development for SKF USA Inc., a Swedish-based ball bearing manufacturer. The design team includes contractor Cooper Construction and architect Designform.
DES PLAINES, ILL. — Marcus & Millichap has arranged the $1.7 million sale of 100-180 Touhy Court, an industrial complex in Des Plaines, located about 20 miles northwest of Chicago. Paul Tesdal and Stephen Lieberman, investment specialists in Marcus & Millichap’s Chicago office, marketed the property on behalf of the seller, a private investor. The buyer, a fund manager, was also secured and represented by Paul Tesdal and Stephen Lieberman. The property is comprised of two flex/industrial properties totaling 48,101 square feet, each built in 1989. The buildings were 72 percent occupied at the time of sale.
TERRELL, TEXAS — The firm of Henry S. Miller has brokered the sale of a 59,800-square-foot industrial building in Terrell, approximately 30 miles east of Dallas. The property, located at 100 FM 148, offers easy access to U.S. Highway 80. Preferred Powder Coatings, a provider of powder coating and paint services for industrial and military clients, purchased the facility and will occupy its entirety. Scott Axelrod of Henry S. Miller represented the buyer in the transaction. Terrell Economic Development Corp. sold the asset.
VERNON, CALIF. — Gramercy Property Trust has purchased two industrial buildings in Vernon for $14.7 million. They are located at 5764 Alcoa and 3311 Slauson, and total 129,720 square feet. The buildings were occupied and owned by Douglas Steel Supply Company. A triple-net leaseback was included in the transaction that will allow Douglas to occupy the spaces through 2028. Douglas was represented by Barbara Emmons, Brandon Gill, Mike Kendall and Rebecca Perlmutter of CBRE.