CASA GRANDE, ARIZ. – The Graham Packaging building, a 100,000-square-foot industrial property in Casa Grande, has sold to Becknell Industrial for $5,250,000. The property was built in 2004 and is fully leased to global plastic container manufacturer Graham Packaging. Bob Buckley, Steve Lindley and Tracy Cartledge with Cassidy Turley BRE Commercial’s Capital Markets Group represented both the buyer and the seller, an entity controlled by Cal Cap Advisors of California, in this transaction.
SAN DIEGO — Canyon Terrace, a 28,444-square-foot industrial property in San Diego, has sold to Prinbo, LLC for $2.9 million. Prinbo soon plans to relocate its company, Swagelok, to the flex building. The company was represented by Glenn Arnold of Cassidy Turley. Randy LaChance and Jon Danton out of Voit’s San Diego office represented the seller, LMC Camino Santa Fe.
WHITE MARSH, MD. — Cushman & Wakefield has brokered the $16.25 million sale of the 218,532-square-foot White Marsh Commerce Center, located at 10001 Franklin Square Dr. in White Marsh. Included in the sale was a 13-acre development site that can accommodate an additional building of up to 220,000 square feet. The property is fully leased to C&J Graphics, Turn Key Office Installations and Creative Touch Interiors. Cristopher Abramson, Brian Kruger, Nicholas Signor, Michael Elardo and Christoper Wright of Cushman & Wakefield's Baltimore office represented the seller, Corporate Office Properties Trust, in the transaction and procured the buyer, Industrial Income Trust.
EVANSVILLE, IND. — Skanska USA has acquired Evansville-based Industrial Contractors Inc. (ICI) and its affiliated companies for $135 million. ICI is a contractor in the commercial, industrial and energy markets of the Midwest and its affiliates include Professional Consultants Inc., Tri-State Refractories Corp. and Industrial Equipment Inc. The newly acquired company will become an operating unit of Skanska USA Civil and will be known as Industrial Contractors Skanska. The current management team of ICI will remain in place.
SAN ANTONIO — Marcus & Millichap has arranged the sale of the 40,800-square-foot Rilling Road Industrial, an industrial property located at 1303 Rilling Rd. in San Antonio. Joshua Swank of Marcus & Millichap's San Antonio office and Greg Gaynor of the firm's Austin office represented both the buyer and seller, both private investors, in the transaction.
INGLEWOOD, CALIF. — Luxury home furnishings manufacturer J. Robert Scott has signed a 78-month lease extension for a 76,675-square-foot industrial facility in Inglewood. The facility, which is located at 500 N. Oak Street within the Airport Business Park, will serve as the corporate headquarters for his company’s operations. The lease is valued at $4.3 million. Scott was represented by Doug Marshall of Klabin/CORFAC’s Los Angeles office. The landlord, Roxbury Property Management, was represented by F. Ronald Rader, also in the firm’s Los Angeles office.
ERIE, PA. — Cary, N.C.-based Lord Corp. has purchased a 1 million-square-foot manufacturing and distribution facility, located at 2455 Robinson Rd. W. in Erie, for $19 million. Lord Corp., a technology company that designs and manufactures devices to manage mechanical motion and control noise, plans to consolidate its Erie operations into the new facility. Jim Panczykowski of Binswanger's New Haven office represented the seller, Bush Industries, in the transaction.
BANGOR, PA. — The former Majestic Athletics apparel manufacturing building, located at 100 Majestic Way in Bangor, has sold for $1.5 million. BioSpectra, a biotech company, purchased the 142,000-square-foot facility to expand its operations. Joseph Baxter and Brian Coyne of Stroudsburg, Pa.- based Michael Baxter & Associates represented the owner in the deal. Daniel Perich and Ray Starner of Michael Baxter represented the buyer.
DALLAS — Atlanta-based Cousins Properties has sold the 748,831-square-foot Lakeside Ranch Building 20 and two land parcels, located in the Lakeside Ranch Business Park in Dallas. Cousins also sold a development site in Lancaster. The land and industrial building are part of a $72.2 million deal that includes the sale of King Mill Building 3 in Atlanta. Jack Fraker of CBRE's Dallas office and Chris Riley, Frank Fallon and Brian Budnick of the firm's Atlanta office represented the seller in the transaction and the buyer was self-represented.
SAN BERNARDINO, CALIF. — Grant & Bowman have signed a 36-month lease for a 141,200-square-foot industrial space at 1050 Orange Show Road in San Bernardino. The company was previously located in nearby Ontario. It was represented by Jeff Smith of Lee & Associates’ Ontario office. The landlord, Investment Building Group, was represented by Herrick Johnson of Lee & Associates’ Riverside office.