WARREN, R.I. — Sitar Realty Co. has arranged the sale of a 451-unit, climate controlled self-storage facility located at 130 Franklin St. in Warren. The purchase price for the 63,000-square-foot property was $7.4 million. Warren is located approximately 13 miles southeast of Providence. Storage Acquisition Group purchased the property from Warren Self Storage. William Sitar Jr. and John Cranley of Sitar Realty represented the buyer in the transaction.
OCEANSIDE, CALIF. — Lee & Associates – North San Diego County has arranged the sale of an industrial building located within Rancho Del Oro Technology Park at 4039 Calle Platino in Oceanside. Rexford Industrial Realty acquired the property from San Diego-based 6th & K Ltd for $20 million. The building features 143,274 square feet of industrial space. Tim Moore of Lee & Associates represented the seller, while Adam Molnar and Greg Lewis of CBRE represented the buyer in the transaction.
KIRKLAND, WASH. — Colliers International has arranged the sale of Building A of Kirkland 405 Corporate Center in Kirkland. KOF Enterprises acquired the property, located at 11411 NE 124th St., from Claddagh Ventures for $14.8 million. At the time of sale, the property was 97 percent leased. Derek Heed and Gregg Riva of Colliers International, along with NAI Puget South Properties and NAI Hunnerman, represented the seller in the deal.
MAGNOLIA, TEXAS — The Jenkins Organization has opened Magnolia Parkway Storage, a 293-unit self-storage facility in Magnolia, a northwestern suburb of Houston. The property will feature climate- and non-climate-controlled units across 44,933 net rentable square feet and includes boat/RV storage space. The facility, which will be the company’s 23rd in the Houston area, also has the capacity to be expanded. The grand opening was Saturday, April 21.
HOUSTON — NAI Partners has arranged a 6,011-square-foot industrial lease at 495 W. 38th St. in Houston on behalf of Eagle Controls Inc., a Houston-based original equipment manufacturer (OEM). Jake Wilkinson of NAI Partners represented Eagle Controls in the lease negotiations. The name and representative of the landlord were not disclosed.
KANSAS CITY, KAN. — Marcus & Millichap has brokered the sale of a 10,000-square-foot property net leased to Fortiline Waterworks in Kansas City. The sales price was not disclosed. Fortiline is a wholesale distributor of underground water, sewer and storm utility products. The property, built in 2017 as a build-to-suit for Fortiline, is located at 330 S. 59th Lane on a four-acre lot. Patrick Doherty, Douglas Diffie, David Houston, Bruce Bentley III and Scott Ryan of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. An individual trust purchased the asset.
MERRIMACK, N.H. — CBRE has secured $17.5 million in acquisition financing on behalf of Calare Properties for 57-59 Daniel Webster Highway, a two-building industrial property in Merrimack. The two warehouses total 511,000 square feet. Kyle Juszczyszyn and Matthew Machiros of CBRE secured the financing from Harbor One Bank. Calare Properties is a real estate manager and operator. The tenant roster at the property currently includes Law Logistics, Nanocomp Technologies, Raymer’s Express and XPO Logistics.
JOLIET, ILL. — Meridian Design Build has completed construction of a 112,500-square-foot truck terminal for CenterPoint Properties in Joliet. The new facility is situated on a 46.4-acre site within the CenterPoint Business Center. The redevelopment project includes 17,930 square feet of office space, 169 loading positions and two drive-in doors. An adjacent 22,176-square-foot maintenance building features 17 fully equipped service bays. Cornerstone Architects provided architectural and structural design services, while Manhard Consulting completed civil engineering design.
IRVING, TEXAS — Liberty Property Trust will develop a 172,210-square-foot industrial facility within GSW North, an industrial park in Irving. The facility will be located near Dallas-Fort Worth (DFW) International Airport and offer convenient access to State Highways 161, 360 and 183. Construction of the facility, which is slated to begin this month and wrap in December, marks Phase III of development. Cushman & Wakefield will handle leasing of the building, completion of which will bring the total size of the park to 709,000 square feet.
LEANDER, TEXAS — Bellomy & Co. has arranged the sale of Big & Safe Self Storage, a 482-unit facility in Leander, a northwestern suburb of Austin. Built in 2004 and expanded in 2014, the property features climate- and non-climate-controlled units totaling 60,475 net rentable square feet. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Vermont-based seller in the transaction. The team also procured the buyer, Montfort Capital Partners, a Dallas-based self-storage investment firm.