PHOENIX — Valley Pallet has leased a 42,000-square-foot building inside the Buckeye Industrial Center II in Phoenix. The center is located at 5707 W. Buckeye Road. The pallet manufacturing and recycling company was represented by Greg Dodge of Cassidy Turley Arizona’s Industrial Group. The landlord, DF Properties, was represented by Andy Cloud of the same group.
GLENDORA, CALIF. – A 41,000-square-foot industrial building in Glendora has sold to R & H Investments for $4.2 million. It is located at 1332 S. Lone Hill Ave. The seller, Levine JA Spousal Access Trust, was represented by Rusty Williams and Chris Roth of Lee & Associates-North San Diego County and Chris Bonney of Lee & Associates-City of Industry.
FORT LAUDERDALE, FLA. — Berlin Packaging, a North American packaging supplier, has signed a 40,000-square-foot lease at a new spec distribution building located at 9682-9689 Premier Parkway in Fort Lauderdale. The new lease at the 87,540-square-foot property brings the building to full occupancy, just one month after Sunbeam Properties brought the spec building to market. The remainder of the building is occupied by a manufacturing company. Steven Medwin, Chris Watts and Nick Wigoda of Jones Lang LaSalle represented the tenant in the transaction.
GARLAND, TEXAS AND EAST BRUNSWICK, N.J. — New York City-based Gramercy Capital Corp. has closed on two industrial acquisitions in Garland and East Brunswick totaling $22.4 million. The Garland property spans 342,000 square feet and is fully leased to a single tenant through 2032. The property sold for approximately $10.7 million. The East Brunswick property is a 101-dock door truck terminal on a 16.25-acre site. The terminal is fully leased to a single tenant through 2019 and sold for approximately $11.7 million.
HOUSTON — General contractor Arch-Con Construction has broken ground on DCT Airtex Industrial Center, a 267,000-square-foot cross-dock distribution center located in Houston. DCT Industrial Trust is the project's developer and Long Beach, Calif.-based Carlile Coatsworth Architects is the project's architect. Arch-Con is slated to complete construction in the third quarter of 2013.
LIVERMORE, CALIF. — The former JE Higgins Lumber facility in Livermore has sold to Mission Trading Company for $5.1 million. The71,680-square-foot facility is located at 6951 Southfront Road. Mission Trading Company was represented by Mike Smith of Lee & Associates. The seller, Douglas P. Wilson Company, acted as the court-approved receiver and was represented by Michael Donnelly, Michael Carrigg and Michael Lloyd of Colliers International.
ATLANTA — Central Pipe & Supply has acquired a 195,000-square-foot industrial building at 4335 Wendell Drive in west Atlanta. The company will relocate its Doraville, Ga., headquarters to the new facility. The two-story property, formerly the headquarters of Printpack, features more than 140,000 square feet of warehouse space and 55,000 square feet of office space. Denton Shamburger of Lincoln Property Co. Southeast represented the seller, Printpack, in the transaction. Ed Riggins of Cresa Atlanta represented the buyer.
LIVERMORE, CALIF. — The former JE Higgins Lumber facility in Livermore has sold to Mission Trading Company for $5.1 million. The71,680-square-foot facility is located at 6951 Southfront Road. Mission Trading Company was represented by Mike Smith of Lee & Associates. The seller, Douglas P. Wilson Company, acted as the court-approved receiver and was represented by Michael Donnelly, Michael Carrigg and Michael Lloyd of Colliers International.
SAN FRANCISCO – Prologis has closed on Prologis European Logistics Partners Sarl (PELP), a $3.1-billionjoint venture withNorges Bank Investment Management(NBIM), manager of the Norwegian Government Pension Fund Global. The venture acquired 195 Class A logistics facilities that were wholly owned byPrologis and totaled 49 million square feet. PELP is a 50-50 partnership with an equity commitment of €2.4 billion, which includes a $1.55 billionco-investment by both NBIM andPrologis.
RICHMOND, VA. — Patricio Enterprises has signed a lease for 427,115 square feet of industrial space at 2705 Commerce Road in Richmond. The site is located just north of the intersection of Commerce and Bells roads. Rob Dirom and Joseph Marchetti of CBRE | Richmond represented the landlord, Alleghany Warehouse Co., in the transaction.