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.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 60,141-square-foot industrial lease at 15000 Grand River Road in Fort Worth, directly south of Dallas-Fort Worth (DFW) International Airport. Tom Walrich and Reed Parker of Lee & Associates represented the landlord, FRAPAG Riverpark DFW LLC, in the lease negotiations. Michael Swaldi and Craig Phelps of JLL represented the tenant, Pratt Corrugated Holdings Inc., an affiliate of packaging manufacturer Pratt Industries.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 68,645-square-foot industrial lease at 4300 Diplomacy Road in Fort Worth, just south of the Dallas-Fort Worth (DFW) International Airport. Reed Parker of Lee & Associates represented the tenant, environmental consulting firm Green Planet 21. Gil Stroube of Lincoln Property Co. represented the landlord, Denali Texas Diplomacy Industrial.
GARLAND, TEXAS — Lee & Associates has negotiated a 40,000-square-foot industrial lease at 850 S. Jupiter Road in the northeastern Dallas metro of Garland. Brett Lewis and Corbin Blount of Lee & Associates represented the tenant, supply chain management firm Galaxy Global Logistics. Michael Peinado of Lincoln Property Co. represented the undisclosed landlord.
INDIANAPOLIS — Lee & Associates has negotiated the sale of a 30,375-square-foot office building in Indianapolis for an undisclosed price. The property is located at 3530 S. Keystone Ave. Teresa Harwood and Matt Broderick of Lee & Associates represented the seller, Keystone Business Property LLC. Alex Cantu and Alex Davenport of Colliers International represented the undisclosed buyer.
IRVING, TEXAS — Lee & Associates has brokered the sale of a 20,864-square-foot industrial property located at 1624 W. Walnut Lane in Irving. Corbin Blount and Adam Graham of Lee & Associates represented the seller, communications firm Solaris Technologies. Trace Fielding and Greg Nelson of Paladin Partners represented the buyer, Mar-Lan Industries, a manufacturer of wire harness and electrical panels.
ARLINGTON, TEXAS — Lee & Associates has negotiated a 49,280-square-foot industrial lease at 2023 Exchange Drive in Arlington. Mark Graybill and Colton Rhodes of Lee & Associates represented the landlord, GLP, a provider of global logistics solutions, in the lease negotiations. Conrad Madsen and Greg Nelson of Paladin Partners represented the tenant, Prestige Autotech Corp. a California-based provider of automotive wheels.
COPPELL, TEXAS — Lee & Associates Dallas/Fort Worth has completed a lease extension and expansion totaling 445,695 square feet located at 777 Freeport Parkway in Coppell, about 22 miles northwest of Dallas. Bob Gibson of CBRE represented the tenant, C&S Wholesale Grocers Inc., a wholesale grocery supplier and leading supply chain company for the food industry. Ken Wesson and Mark Graybill of Lee & Associates represented the landlord, GLP, a developer of logistics facilities based in Baltimore.
PHOENIX — Lee & Associates has arranged the $11 million sale of Pueblo Point Shopping Center, a 54,430-square-foot retail center in Phoenix. Jan Fincham, Patrick Dempsey and Andrew Lundahl of Lee & Associates arranged the transaction on behalf of the seller, Arneil Pueblo LLC, and the buyer, Paradise Valley Ventures LLC. Pueblo Point Shopping Center is home to Smart & Final Extra, Domino’s Pizza, The UPS Store and an Ace Hardware store, which was not included in the sale.
DALLAS — Lee & Associated has arranged the sale of a 34,101-square-foot auto dealership space located at 13615 N. Central Expressway in Dallas. Nathan Denton of Lee & Associates represented the buyer, Sonic Development, a division of automotive retailer Sonic Automotive. Ryan Johnson of SRS Realty represented the seller, Algonquin Realty LP. Sonic Automotive is a Fortune 500 company that also offers vehicle maintenance, collision repair, insurance and financing services.