PHILADELPHIA — Advanced Recycling Corporation of America (ARCA) has doubled the square footage of its headquarters at 4301 N. Delaware Ave. in Philadelphia. The company now occupies 95,000 square feet. Sidney Gable and Steven Gable of Sidney E. Gable Associates Inc. represented the owner, Delaware Ave., in the lease transaction. They also represented the tenant. ARCA will use the space for its Green Salvage Operation of refrigerators, washers and dryers.
Industrial
COSTA MESA, CALIF. — A 23,920-square-foot industrial property in Costa Mesa has sold to Jerry Palanjia for $2.85 million. The property contains two buildings located at 2960 and 2968 Randolph Ave. Palanjia was represented by Joel Burnstine of Burnstine and Kahele Real Estate. The seller, Raze Investments, LLC, was represented by Gregory Velastegui and Stephen Lane of Voit’s Irvine office.
INDIANAPOLIS — Carrier Corp. has renewed a 436,343-square-foot lease for its distribution facility at 710 S. Girls School Rd. in Indianapolis. Carrier is a heating and air conditioning products distributor for the building systems industries. Randy Rome, Andrew Morris and Jeremy Woods of Cushman & Wakefield's Indianapolis office, along with Andrea Hopper of Summit Realty Group's Indianapolis office, represented the tenant in the deal. The landlord is Transpacific Development Co.
ROCHESTER, N.H. — 41 Old Dover Rd. LLC has purchased a 16,650-square-foot industrial building in Rochester for $325,000. The building is located at 41 Old Dover Rd. and the new owners plan to construct an 18,700-square-foot addition to the existing building. David Choate of Grubb & Ellis/Northern New England's Portsmouth office represented the seller, the DiGovanni Family Trust, in the deal. He also procured the buyer.
ARLINGTON — W.W. Grainger has acquired a 60,500-square-foot showroom/warehouse, located at 2251 E. Division St. in Arlington. Renee Efimoff of Arlington-based SCM Real Estate Services represented the seller in the transaction. The buyer was self-represented.
WHITEHALL, PA. — FL Smidth, an equipment and services provider for the cement and mineral industries, has signed a 15,575-square-foot lease at Riverside Business Center in Whitehall. The company will use the space to manufacture materials used in making turbine blades. John Crampsie of NAI Summit's Allentown, Pa. office represented the both the building owner and tenant in the deal.
ROSENBERG — Hi Tec Power has purchased a 20,000-square-foot industrial building, located at 25707 SW Freeway in Rosenberg. Taylor Schmidt and Neil Martin of Houston-based Finial Group represented both the buyer and the undisclosed seller in the transaction.
NORTH HOLLYWOOD, CALIF. – A 42,862-square-foot, multi-tenant industrial building in North Hollywood has sold to Ratner Property Management for $3.9 million. It is located at 10835 Vanowen Street. The building is about 95 percent occupied by 20 tenants, most of which are entertainment and industrial users. Ratner was represented by David Harding of CBRE’s Los Angeles North office. The seller was 10835 Vanowen Property, LLC.
OLIVE BRANCH, MISS. — IDI has broken ground on three industrial buildings in Crossroads Distribution Center, located in Olive Branch, which will total 1.75 million square feet. The 267,843-square-foot Building B is slated for completion in September, and the 869,892-square-foot Building G is slated for completion in October. Both buildings are speculative. The company has also broken ground on the 615,305-square-foot Building E, a build-to-suit for Milwaukee Electric Tool, which is also scheduled for completion in October.
SAN ANTONIO — San Antonio-based 4M Realty Co. has arranged the sale of a 163,000-square-foot industrial building, located on a 9-acre lot at 6351 Rittiman Road in San Antonio. Michael Weiss and Nick Prater of 4M Realty Co. represented the seller, City Bank Texas, in the transaction. Todd Hess of Keller Williams Commercial Realty's San Antonio office represented the buyer, Daily Bread Ministries.