RIALTO, CALIF. – Hillwood Investment Properties and Brookfield Asset Management have received a $12-million acquisition loan for the South Rialto Logistics Center. The 328,691-square-foot industrial building is located at 3700 S. Riverside Ave. It also includes 8.8 acres of developable land and 2,100 square feet of office space. The short-term, first-mortgage debt was provided by Steve Fried of Mesa West. The partnership purchased the property from California Public Employees' Retirement System (CalPERS) in early 2012 in an all-cash transaction. It was the first property acquired by the partnership, which plans to invest up to $1 billion in industrial properties over the next three years.
HOLLYWOOD AND DANIA BEACH, FLA. — KTR Capital Partners has purchased a 13-building industrial flex/warehouse portfolio totaling 520,000 square feet, located in Hollywood and Dania Beach. The properties range in size from 24,000 square feet to 64,000 square feet. The portfolio is 95 percent leased. The company plans to invest additional capital to reposition the assets.
VINELAND, N.J. — Townsend Farms has purchased a 215,508-square-foot manufacturing and cross-dock warehouse building at 3501 South East Blvd. in Vineland for $2.1 million. Townsend Farms plans to use the facility for processing and freezing berries from local growers. General Mills leases a portion of the building and will remain as a tenant. Marc Policarpo of Binswanger represented the seller, Vineland Development Corp., in the transaction.
HOUSTON — HFF has secured the sale of a 13-property, 1 million-square-foot industrial portfolio located in the Greater Houston area. The portfolio is 98 percent occupied by 46 tenants. The properties include 12603 and 12613 Executive in Stafford; 505 and 525 Julie Rivers Road and 12505 Reed Road in Sugar Land; 4000 Greenbriar, 1240-1270 Silber, 7215 Wynnwood, 7240 Wynnpark, 8280 and 8270 Willow Place North, 13161-13175 Misty Willow Drive and 9305-9323 Millsview Road in Houston. Rusty Tamlyn and Trent Agnew of HFF represented the seller, DCT Industrial Trust, in the transaction. The buyer was Mayfield Properties.
CARROLLTON — Colliers International has arranged the sale of a 119,620-square-foot industrial property, located at 2615 Belt Line in Carrollton. Noel Hutcheson of Colliers' Dallas/Fort Worth office represented the buyer, Milestone Distributors, in the transaction. David Little Real Estate represented the seller, 2615 Belt Line LLC.
HOUSTON — Holt Lunsford Commercial brokered a 167,731-square-foot industrial lease, located at 8609 City Park Loop in Houston. John Kruse of Holt Lunsford Commercial represented the landlord, TA Associates Realty, in the lease transaction. Sam Brown of Sam H. Brown Inc. represented the tenant, Exel Inc.
MCDONOUGH, GA. — Nexus Distribution Corp. has signed a 75,000-square-foot industrial lease, located in a 300,000-square-foot building at 120 Declaration Drive in McDonough. Brett Chambless and Dave Pals of Lee & Associates represented the tenant in the lease transaction. Wes Hardy of Duke Realty Corp. represented the landlord.
BLOOMINGTON, ILL. — The Boulder Group has arranged the $16.3 million sale of single-tenant General Services Administration (GSA) property at 1201 N. Mitsubishi Motorway in Bloomington. The 133,512-square-foot facility is fully occupied by the Internal Revenue Service and was developed in 2008. The IRS National Distribution Center serves customers of the IRS. The GSA consolidated three other national IRS distribution centers to the facility in 2008. The GSA has 11 years remaining on its lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private partnership in Colorado. The buyer was self-represented and purchased the property to fullfill a 1031 tax-deferred exchange.
BROCKPORT, N.Y. — Silagi Development & Management has purchased a 328,000-square-foot industrial building in Brockport from PetSmart. The property is situated on 32 acres at 1989 Transit Way and includes 280,000 square feet of distribution space and 48,000 square feet of office space. The new owner plans to upgrade and sell or lease the building. Built in 1989, the facility features 6-inch concrete floors and 26-foot ceiling heights in the warehouse. The office includes private offices, a full-service cafeteria and two back-up generators. Jim Panczykowski of Binswanger represented both parties in the transaction.
DALLAS — Stream Realty has arranged the sale of a 69,000-square-foot warehouse, located at 8939 Premier Row in the Brook Hollow submarket of Dallas. Jason Moser of Stream represented the buyer, Shiva Exports, in the transaction.