GARDEN GROVE, CALIF. – A 46,180-square-foot industrial building in Garden Grove has sold to Hager Pacific Propertiesfor more than $3 million. The property was located at 12300 Industry Street. Mike Bouma and Paul Caputo of VOIT Commercial represented both Hager Pacific and the seller, Farmers & Merchants Bank. The duo will also market the property.
Industrial
COMPTON, CALIF. – FedEx has signed a seven-year lease extension for its nearly 158,000-square-foot warehouse/distribution building in Compton. The 62,250-square-foot space is located at 201 W. Manville Street. FedEx was represented by Jeff Kernochan of Fischer & Company. The landlord, 201 W. Manville LLC, was represented by Maury Gentile and Sean O’Donnell of Grubb & Ellis.
HOUSTON — Liberty Property Trust has selected Cadence McShane Construction Co. to build the 163,600-square-foot Liberty 10 at Central Green, a warehouse/distribution center located at 16330 Central Green Blvd. in Central Green Business Park in Houston. The property is LEED Core and Shell certified and will include 3,000 square feet of office space. Seeberger + Associates will provide architectural services for the assignment. The project is slated for a February 2013 completion.
GARDEN GROVE, CALIF. – A 46,180-square-foot industrial building in Garden Grove has sold to Hager Pacific Properties for more than $3 million. The property was located at 12300 Industry Street. Mike Bouma and Paul Caputo of VOIT Commercial represented both Hager Pacific and the seller, Farmers & Merchants Bank. The duo will also market the property.
COMPTON, CALIF. – FedEx has signed a seven-year lease extension for its nearly 158,000-square-foot warehouse/distribution building in Compton. The 62,250-square-foot space is located at 201 W. Manville Street. FedEx was represented by Jeff Kernochan of Fischer & Company. The landlord, 201 W. Manville LLC, was represented by Maury Gentile and Sean O’Donnell of Grubb & Ellis.
JACKSONVILLE, FLA. — Global Income Trust, a real estate investment trust, has acquired an 817,632-square-foot distribution center in Jacksonville for $42.5 million. The Class A industrial building is located within the 1,500-acre Imeson International Industrial Park. It is fully leased to Samsonite LLC, a subsidiary of Samsonite International S.A., the world’s largest travel luggage company, and serves as the primary North American distribution center for Samsonite.
COLUMBIA, S.C. — CMC Construction Services Warehouse, located at 500 Huger St. in Columbia, has sold to Arnold Realty Co., completing an assemblage of properties to be redeveloped for the University of South Carolina. The industrial property adds 1.6 acres to the University development, which will be constructed as a state-of-the-art student housing project that will serve as a gateway to the University’s campus at Blossom and Huger streets. The complete development site totals four acres. Keith Moore of CBRE/Columbia represented Arnold Realty Co.
MIAMI — An affiliate of Doral, Fla.-based The Easton Group has acquired two adjacent industrial buildings totaling 58,954 square feet at 3939 and 3901 N.W. 27th St. in Miami, just east of the Miami International Airport, for $2.9 million. The existing tenant, GA Telesis, signed a five-year lease as part of the transaction. GA Telesis markets, sells and leases aircraft engines. Espirito Santo Bank handled the transaction’s financing.
TAMPA, FLA. — Monument Leasing Co. has sold a 25,800-square-foot warehouse for approximately $1 million to 7902 Anderson Road Crossings LLC, which plans to occupy the building after significant renovations. The building is located in a predominately<
ROSEVILLE, MICH. — LVM Squared LLC has purchased a 16,000-square-foot industrial building at 15900 Common Road in Roseville. Ben Wilkiemeyer and Steve Gordon of Signature Associates represented the seller, Shady Lane Development Co., in the transaction.