SANTA ANA, CALIF. — NAI Capital has brokered the more than $4.1 million sale of a 49,506-square-foot industrial building located at 2249 Yale Street in Santa Ana. The brokerage firm’s J.R. Williamson and Chip Dever represented the seller, a private family trust, in the transaction, and Prestige Realty Group’s Joseph Muljana represented the buyer, JP California Property Management LLC.
BREA, CALIF. — Lee & Associates has brokered the $3.3 million purchase of a 32,842-square-foot industrial building located at 1545 Moonstone Street in Brea. The brokerage firm’s Luke Hudson and Scott Seal represented the buyer, Nail Harmony, in the transaction, and CB Richard Ellis’ Tom Dorman and Ian Britton represented the seller, Cohen Asset Management.
BRECKSVILLE, OHIO — Cleveland-based Ray Fogg Building Methods has completed a sustainable renovation of an existing 28,000-square-foot building in Brecksville for Rambus Lighting Technologies. Constructed in 1991, the office/warehouse building will be used as Rambus' R&D facility. The more than $2.5 million renovation included the addition of LED lighting and specialty ceiling systems, including suspended wood ceilings in the common areas and the lab/production work areas.
CARROLLTON — A two-story, 34,015-square-foot office/warehouse property, 1330 Capital Parkway, has sold in Carrollton. A Dallas-based bank and financial institution sold the property to a Carrollton-based limited liability company. Ron Hebert of Marcus & Millichap's Dallas office represented both parties.
STAFFORD — An 8,286-square-foot office/warehouse building, located at 13011 Mula Ln. in Stafford, has traded. Larry Indermuehle and Jane Holloway of Indermuehle & Co. represented the seller, while Fred Ash of Commercial Realty Co. represented the buyer, JC Stonewall Construction.
HARFORD COUNTY, MD. — St. John Properties has completed nine office and R&D buildings at The Government and Technology Enterprise (The GATE) project, a 416-acre business community located within Aberdeen Proving Ground in Harford County. The buildings, which were designed to meet LEED SIlver certification, offer a total of more than 526,000 square feet of space. Current tenants at the business park include CACI International Inc., L-3 Communications, Raytheon Company and Science Applications International Corp.
DETROIT AND NEW BALTIMORE, MICH. — NAI Farbman has brokered two industrial sales totaling 157,175 square feet in Michigan. In the first transaction, NAI Farbman's Brian Crawford represented buyer, Grand Papa's, and the seller, Focus Hope, in the sale of a 134,000-square-foot industrial facility at 6500 E. Davison in Detroit. In the second transaction, Jeffrey Cavazos and Paul DeBono of NAI Farbman represented Comerica Bank in the disposition of a 23,175-square-foot facility, located at 51513 Industrial Dr. in New Baltimore, to Tipro Properties LLC. The acquisition prices for the transactions were not released.
SHELBY TOWNSHIP, MICH. — Future Die Cast & Engineering Inc. has purchased a 20,016-square-foot industrial facility at 50450 Wing Dr. in Shelby Township. The property was acquired for expansion purposes. Wedco LLC sold the facility for an undisclosed price. Headquartered in Shelby Township, Future Die Cast produces tooling and machined castings for high pressure die cast prototypes for low to medium volume production. Joe DePonio and Jason Capitani of L. Mason Capitani represented both parties in the transaction. The acquisition price was not released.
JACKSON, WIS. — Platinum Enterprises LLC has completed the disposition of an industrial property located at W208 N16975 Center St. in Jackson. Lange Realty LLC purchased the 7,200-square-foot building for an undisclosed price. Brian Parrish of The Dickman Company/CORFAC International represented the seller; Jim Young of Cassidy Turley represented the buyer in the transaction.
BRISTOL, PA. — Lexington Realty Trust has signed a 15-year lease with an undisclosed tenant for 241,977 square feet of industrial flex space at 250 Rittenhouse Circle in Bristol. The tenant will use the property, located within Keystone Park, for light assembly, warehouse/distribution and office space. The Binswanger team of Frank Cullen and Chris Pennington represented Lexington in lease negotiations. The CB Richard Ellis team of Michael Mullen and Pat Green represented the tenant.