MANSFIELD, MASS. — The Lacerta Group, a custom thermoformed packaging maker, has acquired a 75,000-square-foot industrial building at 240 Forbes Blvd. in Mansfield for $4.3 million. The building is located in the Cabot Business Park and is situated on six acres. Catherine Minnerly and Ovar Osvold of NAI Hunneman represented the seller, Yale Appliances, in the transaction. They also procured the buyer.
Industrial
HOUSTON — Liberty Property Trust has commenced the development of Central Green 11, a 181,000-square-foot industrial property, located at 16200 Central Green Blvd. in the Central Green Business Park in the north Houston submarket. The build-to-suit project is leased to GAC Energy & Marine Services LLC. The development team for the project includes Ken Chang of Liberty Trust; Seeberger Architect; Getz & Associates; and Cadence McShane. The development team is designing the facility to achieve LEED certification. Bob Bandos, CEO of GAC Energy & Marine Services, along with Derrick Jones, represented the buyer in the transaction.
MIAMI — The 203,567-square-foot Aventura Business Park has sold for $17.3 million. Douglas Mandel of Marcus & Millichap’s Fort Lauderdale, Fla., office represented both the unlisted seller and the buyer, Bristol Group Inc. The three-building property was completed in 1989 and is located off Interstate 95 and Ives Dairy Road.
HAMMOND, IND. — Insulation Fabricators Inc. has signed a lease for 40,000 square feet of industrial space at 3200 Sheffield Ave. in Hammond. The space is part of Long-Middendorf Corp.'s 600,000-square-foot facility, located 20 miles south of Chicago. The property features 24-hour building maintenance staff and security and immediate access to I-90. Chris Gary of NAI Hiffman represented both parties in the transaction.
TRACY, CALIF. – Amazon has announced it will open a 1-million-square-foot fulfillment center in Tracy. This will be the online retailer’s third fulfillment center in California. The first one opened in San Bernardino this past October. Another is set to open this summer in Patterson. The new Tracy facility will be built by Prologis.
CHANDLER, ARIZ. – An eight-property industrial portfolio in Arizona has sold to CJV, LLC for $4.7 million. It includes three freestanding buildings at Westech 10 Corporate Center in Chandler and five industrial condominiums located at 1920 E. University Drive in Tempe. CJV was represented by Chuck Noble of Lee & Associates. The sellers, CC Prop, LLC and University & Perry, LLC, were represented by Jerry Marrell and Nate Bubeck of Lee & Associates Arizona.
ABILENE, TEXAS — Silver Oak Commercial Realty has brokered the sale of a 40,000-square-foot warehouse, located at 226 E. 7th St. in Abilene. Russ Webb of Silver Oak represented the seller, 7th Street Abilene Partners LLC, in the transaction. Tom Niblo of Senter Realtors represented the buyer, an investor.
TRACY, CALIF. – Amazon has announced it will open a 1-million-square-foot fulfillment center in Tracy. This will be the online retailer’s third fulfillment center in California. The first one opened in San Bernardino this past October. Another is set to open this summer in Patterson. The new Tracy facility will be built by Prologis.
CHANDLER, ARIZ. – An eight-property industrial portfolio in Arizona has sold to CJV, LLC for $4.7 million. It includes three freestanding buildings at Westech 10 Corporate Center in Chandler and five industrial condominiums located at 1920 E. University Drive in Tempe. CJV was represented by Chuck Noble of Lee & Associates. The sellers, CC Prop, LLC and University & Perry, LLC, were represented by Jerry Marrell and Nate Bubeck of Lee & Associates Arizona.
BUFFALO, GROVE, ILL. — CBRE has arranged the lease of a 15,000-square-foot industrial space in Buffalo Grove, located about 30 miles north of Chicago. Zach Graham, Keith Puritz, Brett Kroner and Ryan Bain of CBRE assisted The Shamrock Cos. in its five-year lease of the industrial property, located at 1367-1407 Barclay Blvd. Adam Heffner and Dan Prendergast of Darwin Realty represented the landlord, TA Associates Realty, in the deal. Shamrock is a multichannel marketing company headquartered in Westlake, Ohio, with sales and distribution offices located across the country.