RICHARDSON, TEXAS — Dallas-based developer KDC has broken ground on a new, 260,000-square-foot office and warehouse facility in Richardson for AdvoCare International. The health and wellness company celebrates two decades in business this year and will occupy the space, located at 2800 Telecom Parkway, once it is completed in July 2014. More than 100 AdvoCare employees will work at the new facility, which will be used for light manufacturing and product assembly, while 150 employees will remain at the company’s corporate headquarters in Plano. Azimuth: Architecture is serving as project designer, and McFadden & Miller is working as general contractor. Kacy Jones of CBRE represented AdvoCare in the negotiations.
EL PASO, TEXAS — CBRE has arranged a lease of 126,000 square feet of industrial space in El Paso for Handgards Inc., a supplier of foodservice disposables such as gloves, bags and pan liners. The facility, located at 32 Celerity Wagon St., features 24-foot clear height ceilings, 30 dock-high doors and close proximity to the El Paso International Airport. Anthony Mash of CBRE El Paso represented the landlord, 1901 Bragaw LLC, while the tenant represented itself in the negotiations.
EDWARDSVILLE, KAN. — Monmouth Real Estate Investment Corp. (NYSE: MNR) has acquired a 280,000-square-foot industrial building in Edwardsville, a western suburb of Kansas City, for $18.8 million. The property, located at 2552 South 98th St., is net leased for 10 years to International Paper Co., a Memphis, Tenn.-based global provider of paper and packaging materials. The Class A distribution center is within close proximity to four major interstates — I-435, I-70, I-635 and I-35. Freehold, N.J.-based Monmouth is a publicly traded REIT, which owns 78 industrial properties and one shopping center within 27 states.
CHICAGO — Cushman & Wakefield has completed the sale of 2801 S. Western Ave., a 312,000-square-foot industrial building located in the Near South Side community of Chicago. Sally Macoicz of Cushman & Wakefield’s Chicago office represented the seller, Friedman Realty. The investment buyer was Venture One Real Estate LLC. Friedman Realty is an affiliate of Dearborn Wholesale Grocers, which had occupied the facility prior to downsizing and relocating within the market. The building was vacant at the time of sale and is being marketed for lease by Macoicz, along with Cushman & Wakefield’s Larry Goldwasser and Colin Green. The building is located off the interchange of I-55 and Damen Avenue. The purchase price was undisclosed.
IRVING, TEXAS — The firm of Lee & Associates has brokered the sale of a 30,000-square-foot flex building in Irving. Located at 8201 Tristar Drive, the facility is in close proximity to Interstate 635 and John W. Carpenter Freeway (Texas State Highway 114). The property features two dock-high doors and 22-foot ceiling clear heights. Lee & Associates marketed the building on behalf of Denkmann Associates LLC. Michelle Hudson with Hudson Peters Commercial represented the buyer, Manara Academy Inc., in the transaction.
HOUSTON — Coldwell Banker Commercial United Realtors has brokered the sale of a 20,050-square-foot showroom/warehouse building in Houston. The property is located at 10640 S. Sam Houston Parkway W., providing for easy access to U.S. Highway 59. Features include 18-foot clear height ceilings, a dock-high loading door and three grade-level doors. Vince Elder and Robert Capps of Coldwell Banker Commercial United Realtors represented the seller, B.O.C. LLP. Payton Indermuehle of Indermuehle & Co. represented the buyer, Shah Holdings LLC.
GARDEN GROVE, CALIF. – An affiliate of CT Realty Investorshas acquired a 210,000-square-foot industrial building in Garden Grove for $26 million. The facility is located at 12131 Western Ave. within the master-planned Garden Grove Business Center. It is fully leased to direct marketing company Money Mailer LLC. This is CT’s ninth industrial acquisition this year. The company represented itself in this transaction, while the unnamed seller was represented by Michael Hartel and Mike Bouma of Voit’s Irvine office.
AUGUSTA, GA. — Transwestern has brokered Bennett Distribution Services LLC's 237,500-square-foot lease renewal at 922 Molly Pond Road in Augusta. The tenant is an affiliate of McDonough, Ga.-based Bennett International Group LLC and operates more than 1.1 million square feet of warehouse/distribution space in Augusta. Buddy Hill of Transwestern represented the tenant in the lease deal. Scott Atkins of Meybohm Commercial Properties represented the landlord.
ROMULUS, MICH. — Signature Associates has arranged the lease of 33,440 square feet of industrial space located at 29149-29165 Airport Drive in Romulus, a southwest suburb of Detroit. Brad Viergever and Mark Hamway of Signature Associates represented the landlord, First Industrial Realty Trust. Viergever also represented the tenant, Guardian Industries Corp., a manufacturer of automotive and building glass products.
CARROLLTON, TEXAS — Myers Commercial has brokered the sale of a 54,494-square-foot industrial building in Carrollton, approximately 10 miles from DFW International Airport. Located at 1840 Hutton Drive, the facility is in close proximity to Interstate 35 and the Bush Turnpike. Colormark fully occupies the space, which features bay depths of 70 and 80 feet, grade-level rear doors and 20-foot clear height ceilings. Bob Myers of Myers Commercial represented the buyer, while seller First Industrial Property Trust was internally represented by Royal Pratt III.