NAPERVILLE, ILL. — iCode, an after-school program for kids focused on coding activities and STEM education, has signed a 2,262-square-foot retail lease at 632 Amersale Drive in the Chicago suburb of Naperville. Chad Littleton of Morrow Hill represented the tenant, while Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Jones Family Naperville LLC. STEM stands for science, technology, engineering and mathematics.
GARDEN GROVE, CALIF. — Lee & Associates Orange has arranged the sale of a freestanding industrial and warehouse property in the Orange County city of Garden Grove. The asset traded for $6.8 million. Situated on 1.12 acres at 7571 Santa Rita Circle, the building features 26,000 square feet of industrial and warehouse space, as well as a large, fenced yard. Jack Haley and Greg Diab of Lee & Associates’ Orange office represented the undisclosed buyer and undisclosed seller in the deal.
VALLEY VIEW, TEXAS — Lee & Associates has negotiated the sale of a 20-acre industrial development site in Valley View, about 50 miles north of Fort Worth. The site has frontage along I-35. Jarrett Huge and Alex Wilson of Lee & Associates represented the undisclosed seller in the transaction. The buyer, which also requested anonymity, plans to develop an RV parking facility at the site.
ST. CHARLES AND WEST CHICAGO, ILL. — Lee & Associates has negotiated the sales of three industrial buildings in the Fox Valley submarket of suburban Chicago. In the first transaction, the brokerage firm’s Andrew Block and Michael Plumb represented HFI Manufacturing in its $7.3 million purchase of a 60,196-square-foot property located at 3925 Stern Ave. in St. Charles. The duo also represented HFI in the sale of its 48,130-square-foot building at 1100 Carolina Drive in West Chicago. HFI is expanding and needed a larger facility for its stainless-steel manufacturing operations. The buyer of 1100 Carolina Drive was Paclantic Naturals LLC. In the third transaction, Andrew Block and Nick Eboli of Lee & Associates represented Eaglestone in the sale of a 19,888-square-foot property located at 3705 Swenson Ave. in St. Charles. A private buyer purchased the facility for $2.1 million. Eaglestone, a manufacturer of conveyor systems for the food processing and packaging industries, has expanded its operations into a larger 85,000-square-foot building at 1560 Frontenac Road in nearby Naperville. Block and Eboli also assisted Eaglestone in securing the new location.
DALLAS — Lee & Associates has brokered the sale of a 10-acre industrial development site comprising two parcels at 4225 and 4551 Cedardale Drive in South Dallas. Alex Wilson and Jarrett Huge of Lee & Associates represented the buyer, LDSR Real Property, which plans to construct an industrial service facility on the site. The name and representative of the seller were not disclosed.
LOS ANGELES — Lee & Associates – LA North/Ventura has brokered the acquisition of an industrial property located at 10643 Glenoaks Blvd. in the Pacoima neighborhood of Los Angeles. Greater Los Angeles Vector Control District, a local government health entity, acquired the asset from Glenoaks Partners for $13.1 million. Chris McKenzie of Lee & Associates – LA North/Ventura represented the seller in the transaction. The asset features 38,063 square feet of industrial space with 13,086 square feet of office space and high-power capabilities.
RICHARDSON, TEXAS — Lee & Associates has negotiated an 8,710-square-foot lease at Arapaho Place, a 151,728-square-foot industrial flex complex located in the northeastern Dallas suburb of Richardson. Jessica Reinhardt, George Tanghongs and Ally Tanghongs of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Nathaniel Barrett of White Rock Realty represented the tenant, Indian software developer Incresol Inc.
FORT WORTH, TEXAS — Lee & Associates has negotiated a 5,500-square-foot industrial lease in South Fort Worth. According to LoopNet Inc., the newly renovated building at 9727-9733 South Freeway was built in 1978 and totals 16,060 square feet. Taylor Stell and Schaefer Amos of Lee & Associates represented the landlord, Bleecker Partners, in the lease negotiations. The name and representative of the tenant were not disclosed.
ITASCA AND ELMHURST, ILL. — Lee & Associates of Illinois has negotiated a pair of industrial lease renewals totaling 112,917 square feet in DuPage County. Jeff Janda and Mike Plumb of Lee & Associates represented tenant Atlas Wire in its lease of 54,690 square feet at 1601 Glenlake Ave. in Itasca. Building owner, Prologis, was self-represented. Janda also represented landlord DRA Advisors on a lease of 58,227 square feet at 951-953 Larch Ave. in Elmhurst. Kevin Segerson of CBRE represented the tenant, Closet Works.
SOUTH BRUNSWICK, N.J. — Lee & Associates has arranged a 255,000-square-foot industrial sublease in South Brunswick, about 50 miles south of New York City. According to LoopNet Inc., the 610,949-square-foot property at 301-321 Herrod Blvd. was built on 39.5 acres in 1998 and features a clear height of 27 feet and 119 parking spaces. Drew Maffey, Will Ziegler and Matt Esposito of Lee & Associates represented the subtenant, an undisclosed storage company, in the lease negotiations. Dave Saltzman, also with Lee & Associates, represented the sublandlord, which also requested anonymity.