NORTH LAS VEGAS — CB Richard Ellis has presided over the $9.75 million trade of an approximately 219,068-square-foot distribution building located at 4335 Arcata Way in North Las Vegas. CBRE’s Greg Tassi represented both the buyer, Bixby Land Co., and the seller in the transaction.
HANAHAN, S.C. — New Breed Logistics has leased 260,133 square feet of industrial space at North Pointe Industrial Park in Hanahan. Inland American Industrial Management leased the space, which is located at 7405 Magi Road, for an undisclosed price. Dan Rose of Carter & Associates and Dunston Powell of Carolina Commercial Real Estate represented the tenant; Hagood Morrison, Peter Fennelly and Simons Johnson of Colliers International represented the landlord in the transaction.
MONROE AND CRANBURY, N.J. — Cushman & Wakefield has brokered the sale of a 1.03 million-square-foot industrial portfolio located in Monroe and Cranbury. Situated within the New Jersey Turnpike Exit 8A submarket, the portfolio comprises six buildings that were combined 93 percent leased at the time of the sale. The buyer was an investment fund managed by Morgan Stanley and the seller was BlackRock. The Cushman & Wakefield team of Andrew Merin, David Bernhaut and Gary Gabriel represented the seller and procured the buyer.
HOUSTON — Val-Fit Inc. has leased a 170,017-square-foot warehouse space at 9051 Spikewood Dr. in Railwood Industrial Park in Houston. The landlord, Weingarten Realty Investors, was represented in-house by Mary Jo Giammalva, while Val-Fit was represented by John Ferruzzo, Chris Kugle and Dustin Gilloz of NAI Houston.
HOUSTON — Max Movers Inc. has renewed its lease for 103,800 square feet of space at 1205 N. Post Oak Rd. in Houston. Andre' Granello, Barrett Gibson and Jeffery Peltier of Gibson & Granello Realty Partners represented Max Movers, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire and Marine Insurance Co.
COMPTON, CALIF. — Grubb & Ellis has brokered the $5.3 million purchase of a 71,360-square-foot warehouse facility, located at 18747 S. Laurel Park Road in Compton. The brokerage firm’s Sean O’Donnell represented the buyer, C&W Investment Group, in the transaction, and The Klabin Co.’s Frank Schultz represented the seller, TA Realty Associates. C&W plans to renovate and add loading doors to the building, which was originally constructed in 1973.
FOUNTAIN VALLEY, CALIF. — Voit Real Estate Services has managed the more than $2.36 million trade of a 20,360-square-foot industrial property located at 17371 Mount Wynne Circle in Fountain Valley. Voit’s Greg Velastegui represented both the buyer, KB Sheetmetal, and the seller, 24-7 Internet, in the transaction. Situated near the 405 freeway, the free-standing, owner-user manufacturing facility will be used by KB as its new headquarters.
FORT WORTH — Cadence McShane Construction Co. has completed a 328,828-square-foot tenant improvement assignment within Building 700 of Fort Worth's RiverPark Business Center for Pratt Industries Inc., a vertically integrated paper, packaging and resource recovery company. Pratt Industries occupies the entire facility that includes 318,416 square feet for manufacturing purposes and 10,412 square feet for office space. Cadence McShane originally constructed the building as a speculative industrial site for developer Seefried Properties Inc. Alliance Architects provided the architectural services for the tenant improvement assignment for Pratt Industries.
GADSDEN, ALA. — Ontario, Canada-based The Narmco Group has purchased the former Ridge Building System facility in Gadsden. Houston-based Ridge Building Systems sold the property for $3.3 million. Situated on 25 acres, the 240,000-square-foot industrial facility is 100 percent under crane. John Coleman and Sonny Culp of Birmingham, Ala.-based Graham & Company represented the seller in the transaction.
HENRICO COUNTY, VA. — Slurry Pavers Inc. has acquired a 42,300-square-foot property, which is located at 3617 Nine Mile Road in Henrico County. Virginia Truck Center of Richmond, Va., sold the property, which is situated on 11.4 acres, for $1.1 million. Virginia Truck Center plans to continue to operate its business at the property. Jeffrey Cooke and L. Birck Turnbull of Cushman & Wakefield | Thalhimer brokered the transaction.