CARROLLTON, TEXAS — Aircool AC Parts Supply has signed a 17,213-square-foot industrial lease in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 1705 Wallace Drive was completed in 2001 and totals 138,600 square feet. Corbin Blount and Baron Johnson of Lee & Associates represented the tenant in the lease negotiations. Mac Hall and Sarah Ozanne of Stream Realty Partners represented the landlord.
DALLAS — Wealth Partners Alliance has signed a 9,673-square-foot office lease renewal and expansion in North Dallas. According to LoopNet Inc., the building at 12240 Inwood Road was built in 1982 and totals 34,663 square feet. Nathan Denton of Lee & Associates represented the tenant in the lease negotiations. Sean Dalton of Younger Partners represented the landlord.
ROSEMONT, ILL. — Lee & Associates of Illinois has expanded its Chicago-area office brokerage group with the launch of a dedicated healthcare real estate division. The firm has welcomed three professionals — Principals Peter Cangialosi and Doug Pauly, and Associate Austin York — who bring more than 35 years of combined experience representing healthcare providers, investors and property owners across the Midwest. The team was most recently at Oak Brook, Ill.-based Joseph Rossi & Associates Inc. Lee & Associates of Illinois’ new healthcare division provides comprehensive brokerage and advisory services, including tenant and landlord representation, investment sales, site selection and acquisition support.
ADDISON, TEXAS — Avison Young has brokered the sale of Midway Office Park, a 53,673-square-foot office building located in the northern Dallas metro of Addison. Built on 2.7 acres in 1977 and renovated in 1998, the building was roughly 40 percent leased at the time of sale. Bruce Butler, Susan Gwin Burks and John Bowles of Avison Young represented the seller in the transaction. Taylor Stell of Lee & Associates represented the buyer, Urban Infraconstruction, which also plans to occupy a portion of the building.
MORTON GROVE, ILL. — Lee & Associates of Illinois has negotiated an industrial lease renewal for a 27,149-square-foot building located at 8250 N. Austin Ave. in Morton Grove. Brad Simousek of Lee & Associates represented the tenant, Jerry’s Fruit & Garden Center Inc. The landlord, Clear Height Properties, was self-represented.
HOUSTON — Colliers has negotiated a 45,700-square-foot industrial lease in East Houston. The tenant is Peace Global Logistics, and the space is located within the single-tenant building at 15135 Jacintoport Blvd., which according to LoopNet Inc. was built in 1980 and renovated in 2000. Judy Garza Beebe and Christopher Klein of Colliers represented the undisclosed landlord in the lease negotiations. Andrew McGuire and Mason Alsbrooks of Lee & Associates represented the tenant.
EDISON, N.J. — Lee & Associates has negotiated an 88,620-square-foot industrial lease in the Central New Jersey community of Edison. The space is located within the Raritan Center business park and features 32-foot clear ceilings, 17 loading docks and an ESFR sprinkler system. Claudia Ganas, Monica Franco and Ana Carolina DeAraujo of Lee & Associates represented the tenant, an undisclosed freight forwarding company, in the lease negotiations. Vincent Visceglia internally represented the landlord, Summit Associates.
BENSENVILLE, ILL. — Lee & Associates of Illinois has negotiated a new long-term lease for a 187,460-square-foot industrial building in the Chicago suburb of Bensenville. The property is located at 222 Sievert Court. Jeff Janda and John Cassidy of Lee & Associates represented the owner, DRA Advisors. Mark Baumhart of NAI Hiffman represented the tenant, TAFCO Corp., a manufacturer of windows, doors and related products. The transaction represents the third quarter’s second-largest lease in the O’Hare market, according to Lee & Associates.
LOS ANGELES — Lee & Associates LA North/Ventura has arranged the acquisition of a three-story office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles. S&G Properties Management LLC acquired the property from an undisclosed seller for $10.1 million. S&G Property Management plans to occupy a portion of the 62,241-square-foot building for its company, Citiguard, a security guard company in California. Additionally, the new owner will invest capital into the building to renovate the interior and exterior, as well as create onsite amenities to attract tenants. Darren Casamassima, Scott Romick and Jay Rubin of Lee & Associates LA North/Ventura represented the buyer. The team will also oversee leasing of the property moving forward.
BUFFALO, N.Y. — Lee & Associates has brokered the $33.2 million sale of a 102,000-square-foot academic building located at 75 W. Huron St. in Buffalo. The Buffalo School of Culinary Arts & Hospitality Management occupies the entirety of the seven-story building, which was originally built in the late 19th century as a horse livery and was later used as a multi-story parking garage before being transformed into a school. Dave Carswell and Ben Tapper of Lee & Associates represented the seller, locally based firm McGuire Development Co., in the transaction. Carswell also assisted the buyer, Mercer Street Partners, in securing acquisition financing for the deal.
Newer Posts