HASLET — Invesco Real Estate has purchased a 747,528-square-foot Kraft Distrubution Center, an industrial property located in the Alliance Business Park at 2617 Blue Mound Rd. in Haslet. The property is fully leased to Kraft Foods. Jack Fraker and Josh McArtor of CBRE's Dallas office represented the seller, USAA Real Estate, in the transaction.
Industrial
DALLAS — ValuePart has renewed and expanded its lease by 22,302 square feet, bringing the total lease to 84,567 square feet, at 9804 Chartwell in Dallas. The landlord, BRE/TX Industrial Properties, was represented by Cannon Green and Seth Koschak of Stream Realty's Dallas office in the lease transaction. Nathan Orbin and Ben Phillips of Jones Lang LaSalle's Dallas office represented the tenant.
LOUISVILLE, KY. — Louisville-based PRG Investments has negotiated the $1.2 million sale of a 37,000-square-foot industrial property, located in the Bluegrass Industrial Park in Louisville. Reed Weinberg and Fred Sutterlin of PRG Investments represented Republic Bank, the seller, in the transaction. The buyer was Wagner Mechanical.
RICHMOND, VA. — Teton Sales has purchased a 46,000-square-foot office/warehouse property, located at 3703 Carolina Ave. in Richmond, from 3703 Carolina Ave. LLC for $1.05 million. Franklin Bell of Cushman & Wakefield/Thalhimer's Richmond office represented the buyer in the transaction, and Chip Louthan of Richmond-based Grubb & Ellis/Harrison & Bates represented the seller.
LAKE ZURICH, ILL. — CB Richard Ellis has arranged the $1.89 million sale of a 57,541-square-foot warehouse, located at 340 E. Route 22 in Lake Zurich. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CBRE's Bannockburn, Ill. office represented the seller, Kavo Dental Technologies, in the transaction. The buyer was Morgan Bronze Products.
LIBERTYVILLE, ILL. — Laser Precision, a company that uses laser technology for fabrication, has leased 30,345 square feet of warehouse space at 1400 Harris Rd. in Libertyville. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented both the landlord, McShane Liberty Point, and the tenant in the transaction.
KNOXVILLE, TENN. — VERICOM Global Solutions has signed a 108,000-square-foot lease for the Woods Building, located in West Bridge Business Park at 2525 Quality Ln. in Knoxville. Bob Thornton of Knoxville-based Baker Realty Co. represented Woods Group, TN, the landlord, in the transaction. Drew Clemmons of Knoxville-based Connell Properties represented the tenant.
BRAINTREE, MASS. — NAI Hunneman has brokered the sale of a 52,200-square-foot industrial building, located at 116 Lundquist Dr. in Braintree, Mass. for $3.1 million. Catherine Minnerly and Ovar Osvold of NAI Hunneman's Boston office represented the seller, Braintree-based Resources Business Management and Properties Corp., in the transaction. They also procured the buyer, Shaughnessy & Ahern, a rigging and heavy-hauling firm based in Boston.
TUSTIN, CALIF. – A 54,000-square-foot industrial facility at 15601 Mosher Ave. in Tustin has sold to an unnamed buyer for $5,770,000. The buyer was represented by Peter Sowa of Cushman & Wakefield. The seller, Mosher Industrial, LLC, was represented by Dave Desper and Nick Spatafore of CBRE’s Newport Beach, Calif., office.
FOUNTAIN VALLEY, CALIF. – A 20,160-square-foot facility at 11535 Martens River Circle in Fountain Valley has sold to GBCNC Services for $2.5 million. Darin McDonald of Lee & Associates represented GBCNC. The sellers, Philip & Betty Wang, were represented by Nick Spatafore and Dave Desper of CBRE's Newport Beach, Calif., office.