CARROLLTON AND DALLAS — Cobalt Capital Partners, through its Cobalt Industrial REIT III, has acquired a 914,209-square-foot industrial portfolio of eight properties in Carrollton and Dallas. The properties include 581,396 square feet at 1505, 1600, 1601, 1625 and 1640 Wallace Dr. in Carrollton; 209,000 square feet at 2829 Sea Harbor Rd. in Dallas; 62,893 square feet at 1620 Rafe St. in Carrollton; and 60,920 square feet at 1621 W. Crosby St. in Carrollton.
MILWAUKEE — Spanish manufacturer Sic Lazaro U.S. Inc. has purchased the former Rexcon Building in Milwaukee for $1.7 million. The company signed a short-term lease at the 138,870-square-foot plant last May to manufacture industrial counterweights. The lease deal included an option to buy the factory, which is located at 7044-7100 N. Teutonia Ave. Russ Sagmoen and Steve Sewart of Inland Co. represented the seller, Rose Industries, in the transaction.
MCCOOK, ILL. — A real estate fund managed by Morgan Stanley has purchased a storage facility in McCook for $7.2 million. The property includes 69,945-square-foot of rentable space and 698 storage units. Located at 9001 W. 47th St., the facility is about 90 percent occupied. The property will be rebranded as a Safeguard Storage. The sale marks the first non-distressed sale of a stabilized, Class A self-storage property in the Chicago area in three years.
DALLAS, ST. LOUIS, MO. —Dallas-based Cobalt Capital Partners has acquired a 1.6 million-square-foot industrial portfolio, located in the Dallas and St. Louis MSAs. The properties in the 13-building portfolio were built between 1980 and 2006. The acquisitions expand Cobalt's presence in the Dallas market to nearly 6 million square feet and double the company's presence in St. Louis to 1.4 million square feet. The purchase price was undisclosed.
GRAND PRAIRIE — Bradford Commercial Real Estate Services has arranged a lease of a 92,500-square-foot industrial building, located at 1170-80 109th St. in Grand Prairie. Michael Spain of Bradford's Grand Prairie office and Jim Ferris of the firm's Dallas office represented the landlord, GP 1170 LLC, in the lease transaction. Lissa Cooke of Dallas-based Cooke Swaney & Cooke represented the tenant, NW Sign Industries.
LAS VEGAS — RevZilla Motorsports has signed a lease for an undisclosed amount of space at the Warm Springs Crossing in Las Vegas. This is RevZilla’s first Western U.S. location. The online motorsports equipment company was represented by Bret Davis and Dean Kaufman of Jones Lang LaSalle. The landlord, KTR Capital Partners, was represented by Gabe Telles of CB Richard Ellis.
PHOENIX – About 98,000 square feet of general industrial space at 1025 and 1033 N. 71st Ave. in Phoenix has sold to Alliance Commercial Partners, LLC for $2.6 million. The property was built in 2007. The 1025 property was vacant and in shell condition. The 1033 building had about 1,400 square feet of spec office space that was built out at the time of sale. Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial’s Capital Markets Group and Steve Mardian with the firm’s Industrial Group represented both the buyer and the seller, WE Uterque Holding Corp., a company formed by JP Morgan Chase Bank.
SPARTANBURG COUNTY, S.C. -— Seattle-based Amazon.com has plans to open a new 1 million-square-foot fulfillment center in Spartanburg County, located on a site near John Dodd Road. Amazon opened its first South Carolina fulfillment center last year in Lexington County's Saxe Gotha Industrial Park. Hiring for the new fulfillment center will begin later this year and the facility is expected to be operational this fall.
PINELLAS PARK, FLA. — The Parts House has signed a 49,000-square-foot warehouse lease, located at 6868 118th Ave. N. in Pinellas Park. Scott Clendening of St. Petersburg, Fla.-based Commercial Realty Partners represented Mosk Development Group, the landlord, in the lease transaction.
BOLINGBROOK, ILL. — Tobe Enterprises, a business and accounting services company, has leased a 48,101-square-foot industrial unit at 605 Territorial Dr. in Bolingbrook, bringing the property to full occupancy. Terry Grapenthin and Joshua Hearne of Cawley Chicago Commercial Real Estate represented the landlord, KTR Capital Partners, in the transaction. Jonathon Kohn of the Chicago office of Colliers International represented the tenant.