FREMONT, CALIF. — Seagate Technology has announced plans to build a $180-million research and development complex at the former 411,618-square-foot Solyndra plant in Fremont. The company purchased the Class A facility in February for $90.2 million after Solyndra filed for bankruptcy. The building is located at 47488 Kato Road. The disk drive company plans to occupy the facility. Seagate was represented by Donald Reimann, Sean Toomey and Gregg Von Thaden of Colliers International. Solyndra was represented by Bart Lammersen, Greg Matter and Jason Ovadia of Jones Lang LaSalle in the all-cash sale.
PHOENIX – An 82,742-square-foot building inside the master-planned Cotton Center industrial park in Phoenix has sold to Wells Family Partnership for $9 million. The building is located at 5150 S. 48th Street. The buyer was represented by Scott Smith and Rick Robertson of Lee & Associates Arizona. The seller, JFBB Enterprises, was represented by Steven Schnitzer of Steven J. Schnitzer, LTD.
SAN DIEGO — Square Peg Packaging and Printing, LLC has subleased 72,220 square feet of industrial warehouse space in San Diego. The space is located at 5260 Anna Ave. The four-year, nine-month sublease is valued at $2.2 million. Square Peg was represented by Glenn Arnold and Kevin Meissner of Cassidy Turley. The sub-lessor, Hajoca Corporation, was represented by Derek Applbaum and Derek Hulse of Colliers International and Joe Oliaro of Copaken & Brooks.
NORTH WALES, PA. — Geissele Automatics has purchased a 70,000-square-foot industrial property for $1.8 million in North Wales, located about 20 miles northwest of Philadelphia. The property is situated on 13 acres at 800 E. Walnut St. Geissele currently operates its production facility out of Norristown, a site which has housed the renowned defense contractor and rifle trigger manufacturing company for the past four years. The company is moving because it needs more space. Nick Adams of Jackson Cross Partners represented Geissele in the deal.
PEARLAND, TEXAS — Coldwell Banker Commercial United, Realtors has arranged the sale of a 5,922-square-foot industrial property, located at 2233 Garden Road in Pearland. Mike Chance of Coldwell Banker represented both the seller, Crane Technologies Inc., and the buyer, Oakland Land & Development, in the transaction.
PHOENIX – An 82,742-square-foot building inside the master-planned Cotton Center industrial park in Phoenix has sold to Wells Family Partnership for $9 million. The building is located at 5150 S. 48th Street. The buyer was represented by Scott Smith and Rick Robertson of Lee & Associates Arizona. The seller, JFBB Enterprises, was represented by Steven Schnitzer of Steven J. Schnitzer, LTD.
SAN DIEGO — Square Peg Packaging and Printing, LLC has subleased 72,220 square feet of industrial warehouse space in San Diego. The space is located at 5260 Anna Ave. The four-year, nine-month sublease is valued at $2.2 million. Square Peg was represented by Glenn Arnold and Kevin Meissner of Cassidy Turley. The sub-lessor, Hajoca Corporation, was represented by Derek Applbaum and Derek Hulse of Colliers International and Joe Oliaro of Copaken & Brooks.
PORT ALLEN, LA. — The Dow Chemical Co. has signed a 103,900-square-foot lease at 1870 Grand Terre Blvd. in the Baton Rouge West Distribution Center in Port Allen. Midland, Mich.-based Dow, an international manufacturer of chemicals and components used for consumer products, took occupancy on March 1. The new facility will enable Dow to save on shipping costs by streamlining distribution from its manufacturing plants elsewhere in Louisiana, according to Chicago-based HSA Commercial Real Estate, which developed the Baton Rouge West Distribution Center in 2008. The building features 30-foot clear ceiling heights, 80 exterior truck docks and 50-inch column bay spacing.
STERLING HEIGHTS, MICH. — Nitto Seiko America has signed a lease for 9,558 square feet of hi-tech space located at 44425 Phoenix Drive in Sterling Heights, about 25 miles north of Detroit. Clint Confer of Signature Associates represented Nitto Seiko in the deal. Nitto Seiko manufactures and sells industrial fasteners and tools and industrial and precision machinery.
GRAND PRAIRIE, TEXAS — Stream Realty Partners has negotiated a 50,000-square-foot lease renewal of industrial space, located at 2510 W. Main St. in Grand Prairie. Cannon Green and Matt Dornak of Stream Realty represented the landlord in the transaction. Patrick Johnson, also of Stream Realty, represented the tenant, Complete Line Glass.