GAINESVILLE — The $1.2 million construction of a 21,200-square-foot manufacturing facility, located at 3601 N. Interstate 35 in Gainesville, has started. Gainesville-based IFS Coatings will occupy the property upon completion. The facility broke ground in December 2011 and is slated for a May 2012 completion. Fort Worth-based Speed Fab-Crete is the general contractor and Fort Worth-based Callahan & Freeman Architects is serving as the project architect.
LAPORTE — Port Crossing Commerce Center, a joint venture between National Property Holdings and ML Realty Partners, has signed Gulf Winds International to a 247,240-square-foot lease, located at 1842 S. 16th St. in LaPorte. The 300-acre logistics industrial park is rail-served and located between the Barbours Cut and Bayport terminals. Michael Taetz, Gary Mabray and Jason Dillee of Colliers International's Houston office represented the landlord in the lease transaction. Aron Grenader of Houston-based First Houston Properties represented the tenant.
DEKALB, ILL. — An investment group controlled by Clayco and Venture One Real Estate, has acquired 350 acres of industrial land at 88 Park in Dekalb, from Citizens First National Bank. The land acquisition was financed by First Midwest Bank. The transaction represented the largest industrial land sale in the Midwest since 2007. Park 88 already contains distribution centers for 3M and Target. The 350 acres includes five pad-ready sites that can accommodate buildings of 162,000 square feet, 171,000 square feet, 418,000 square feet, 570,000 square feet, 587,100 square feet and one shovel-ready site for a 1.7-million-square-foot building.
TOPEKA, KAN. — Tritz Pallet Repair has inked a lease for 44,220 square feet of industrial space at Forbes Industrial Park, located at 7215 S. Topeka Blvd. in Topeka. Matthew Severns of Kessinger/Hunter & Co. represented the landlord in the transaction. Paul Fogel of Karbank Real Estate represented Tritz Pallet.
HURST — Dallas/Fort Worth-based Venture Commercial has arranged the sale of a 24,463-square-foot distribution center, located at 770 W. Bedford Euless Rd. in Hurst. Chris Corbin of Venture represented the buyer, Armstrong McCall, in the transaction. Hank Gaines of Dallas-based Gaines Real Estate Co. represented the seller, FOCI Corp.
HOUSTON — The Woodlands-based BANDIER Realty Partners has brokered the sale of a 15,000-square-foot industrial building, located in the Interbelt North Business Center in Texas. Jody Czajkoski and Jason Tangen of BANDIER represented the buyer, J&J Sales, in the transaction. Mike Spears of Houston-based The National Realty Group represented the seller, Sammy Satoru Watanbe Revocable Living Trust.
FRASER, MICH. — Returnable Packaging Corp., which specializes in custom-designed packaging systems, has inked a new lease for 34,675 square feet of industrial space at 33525-33545 Groesbeck Highway in Fraser. Ben Wilkiemeyer and Paul Saad of Signature Associates represented the landlord, JF&T LLC in the transaction.
IMLAY CITY, MICH. — Rlandco has purchased a 72,500-square-foot industrial building at 611 Industrial Parwkway in Imlay City for an undisclosed amount. Joe Hamway of Signature Associates represented the seller, Windcrest Properties. He also represented Rlandco, which is expanding its operations in Michigan.
DALLAS — Dallas-based Capstone Commercial Real Estate Group has brokered the sale of a 12,228-square-foot office/warehouse property, located at 4241 Sigma Rd. in Dallas. Larry Robbins of Capstone represented the undisclosed seller in the transaction. Nathan Malka of Dallas-based Gable Realty Group represented the buyer, a local investor.
SANTA BARBARA, CALIF. — A 47,411-square-foot industrial property at 25 E. Mason Street in Santa Barbara has sold to East Mason SB, LLC for $9 million. The building is currently 67 percent occupied by Brooks Institute of Photography. Clarice Clarke and Stephen Leider of Lee & Associates’ Santa Barabara office represented both the buyer and the sellers, Rossi Trading Company, LLC. and Scanlin Family Trust, in this transaction.