GLENDALE, ARIZ. — Lee & Associates has arranged the $21.9 million sale of Talavi Towne Center, a 118,377-square-foot shopping center in Glendale. Jay Fincham and Patrick Dempsey of Lee & Associates arranged the transaction on behalf of the seller, Kimco Towne Center LLC, and the buyer, Talavi Bell LLC. Talavi Towne Center is home to tenants such as Wal-Mart, MOR Furniture, Dollar Tree, Leslie’s Pool Mart and Cricket Wireless.
ST. LOUIS — Lee & Associates has negotiated the sale of a 672,000-square-foot industrial property in St. Louis for an undisclosed price. The multi-tenant building is located at 4327 Gustine Ave. Herb Feldmann of Lee & Associates represented the buyer, SOA Gustine LLC. Will Mura of CBRE represented the seller, Gustine Avenue LLC.
ADDISON, ILL. — Lee & Associates has negotiated the $2 million sale of two industrial buildings in Addison, about 20 miles west of Chicago. The properties include a 13,884-square-foot building at 1236 Capitol Drive and a 15,200-square-foot building at 1770 Cortland Court. Jay Farnam represented the seller in both transactions. Neither the buyer nor the seller was disclosed.
LOMPOC, CALIF. — Lee & Associates has arranged the purchase of a two-story industrial building located at 1641 W. Central Ave. in Lompoc. An undisclosed buyer acquired the property for $3.1 million. The 56,560-square-foot property features a 300-seat auditorium, large banquet hall, kitchen space and office space, as well as 30,000 square feet of manufacturing and distribution space with three loading docks, six roll-up doors and 100 spaces available for parking. Paul Davies of Lee & Associates represented the buyer in the deal.
GRAND PRAIRIE, TEXAS — Lee & Associates has brokered the sale of a 74,100-square-foot industrial building located at 2001 110th St. in the Dallas metro of Grand Prairie. Trey Fricke and Reid Bassinger of Lee & Associates represented the seller, 2001 110th Street Grand Prairie LLC, in the transaction. Todd Hubbard of NAI Robert Lynn represented the buyer, Dealer Industries LLC, a Carrollton-based research and consulting firm.
HOUSTON — Lee & Associates has negotiated the sale of a 24,928-square-foot industrial building at 14219 Westfair W. Drive in Houston. Thomas Leger and Patrick Wolford of Lee & Associates represented the buyer, American Fire Systems, in the transaction. Richard Glass of CRC Real Estate represented the seller, Export Service International Forwarding LLC, a Houston-based freight company.
HOUSTON — Lee & Associates has negotiated a 49,000-square-foot industrial lease at 4514 Brittmoore Road in northwest Houston. Preston Yaggi and Stephen Kuper of Lee & Associates represented the landlord, Chapman & Cole, in the lease negotiations. Travis Land and Nick Peterson of NAI Partners represented the tenant, BiSN Oil Tools LLC, a provider of sealing solutions for the oil and gas business.
ELK GROVE VILLAGE, ILL. — Lee & Associates has brokered the sale of a 225,006-square-foot industrial building in Elk Grove Village for an undisclosed price. The property is located at 1501 Nicholas Blvd. Chris Nelson, Ken Franzese and John Cassidy of Lee & Associates represented the seller, Prologis. Chris Volkert and Brendan Green of Colliers International represented the buyer, GHP Group Inc., a manufacturing company that specializes in electric fireplaces and accessories, portable heating and barbecue grill products.
HUMBLE, TEXAS — Lee & Associates has negotiated a 112,021-square-foot industrial lease at 8575 Volta Road in Humble, a northern suburb of Houston. Thomas Leger, Robert McGee and Mike Spears of Lee & Associates represented the landlord, Cypressbrook Huntington Volta LLC, in the lease negotiations. Grady Tibbs of Brazos ML represented the tenant, Flexo Converters USA Inc., a manufacturer of custom-designed gift and shopping bags.
INDIANAPOLIS — Lee & Associates has brokered the sale of a 10,320-square-foot industrial building in Indianapolis for an undisclosed price. The property is located at 5311 Commerce Circle. Cindy Hoskinson of Lee & Associates represented the seller, Eiker Investments LLC. George Dury of Dury Investment Group represented the undisclosed buyer.
