CANTON, OHIO — NAI Spring has arranged an 8,000-square-foot industrial lease for Pretec Directional Drillings in Canton. The facility will serve as the Ohio location for the Eau Claire, Wis.-based company’s pipeline drilling functions. The facility is located at 1808 Kimball Road Southeast. Bryce Custer of NAI Spring represented both the tenant and undisclosed landlord in the lease transaction.
CARTERET, N.J. — Bussel Realty has brokered the $5.1 million sale of a 55,560-square-foot industrial property located at 400 Federal Blvd. in Carteret. Leo Esses of Brussel Realty represented the unnamed buyer. 400 Federal Boulevard LLC was the seller. The property is located near Exit 12 of the New Jersey Turnpike, Port Newark/Elizabeth and Newark Liberty Airport. It features 24-foot clear heights, two drive-in doors for loading, 800 amps of electric power and 29 surface parking spaces.
WALL TOWNSHIP, N.J. — Sitar Realty Co.-TCN Worldwide has negotiated the $3.1 million sale of a 44,000-square-foot warehouse/office building located at 1325 Route 34 in Wall Township. 1325 Wall LLC was the seller and Chester Lieder was the buyer. Gregg Nowell and Doug Sitar of Sitar Realty were the brokers in the transaction.
NEW YORK CITY — Marcus & Millichap has negotiated the $12 million sale of two vacant lots and a third lot with a warehouse building totaling 12,725 square feet at 814-826 Bedford Ave. in Brooklyn. Jakub Nowak and Jason Grunberg of Marcus & Millichap’s Brooklyn office represented the seller, Prezant Auto Glass, and procured the buyer, a private developer. The site is located near the Myrtle Avenue retail corridor, the Pratt Institute and G train subway stops. The three lots include 132 feet of frontage on Bedford Avenue and 100 feet of frontage on Park Avenue, and all are zoned for mixed-use development. The buyer plans to build a synagogue with a hotel or apartments above it.
BRANFORD, CONN. — O,R&L Commercial has arranged a 31,375-square-foot industrial lease at 965 W. Main St. in Branford. Frank Hird of O,R&L represented the landlord, Branford West Main LLC. Kevin Geenty of The Geenty Group Realtors represented the new tenant, R&R Freight Services LLC, a provider of logistical services. The multi-year lease in the 200,000-square-foot facility brings the building to 100 percent occupancy.
LOS ANGELES — CenterPoint Properties has purchased 1 million square feet of contiguous transload facilities in Los Angeles. The price was undisclosed, though the company noted it purchased the asset “below replacement cost.” The property sits on 44.5 acres with easy access to a large population, nearby ports and major highways. CenterPoint plans to reposition and stabilize the asset to capture growing industrial demand.
LOS ANGELES — An e-commerce company has leased 295,267 square feet of infill logistics space at the Goodman Logistics Center in the Los Angeles submarket of Santa Fe Springs. The facility is situated less than two miles from I-5 and I-605. It is 22 miles from the ports of Los Angeles and Long Beach and 15 miles from downtown Los Angeles. The online supplier of automotive parts signed a seven-year lease on the first of three logistics facilities currently under construction. It is scheduled to take occupancy this summer. The remaining two facilities will be completed by the end of the year. The Goodman Group is developing the property.
MESA, ARIZ. — Skanska is completing construction on Phase I of Dexcom’s 145,000-square-foot build-out of an existing shell building in Mesa. The facility will be located at 232 S. Dobson Road. The first phase includes the renovation of a 60,000-square-foot industrial warehouse to medical device manufacturing space that will produce hardware- and software-compatible glucose monitors. The space includes 33,000 square feet of controlled environment room, chem prep and microbiology labs, 20,000 square feet of production machine shop and high-bay warehouse space, 42,000 square feet of equipment mezzanines, and 20,000 square feet of office, training and support space. A new 10,000-square-foot central utility building and equipment yard will also be built on-site.
DALLAS — NAI Robert Lynn has secured a new industrial headquarters for food service distributor Taxco Produce at the North Texas Food Bank Building, a 108,000-square-foot property located at 4204 Dan Morton Drive in Dallas. Taxco, which previously operated out of 1718 S. Good Latimer Expressway, will move into its new space in early 2018. Matt Elliott of NAI Robert Lynn represented Taxco in the lease negotiations.
JOLIET, ILL. — Peak Construction has broken ground on Building 14 in IDI Gazeley’s Rock Run Business Park in Joliet. The 291,728-square-foot speculative building will feature 36-foot clear heights, 38 dock doors, 234 parking spots and 88 trailer stalls. Completion is slated for this November. Peak teamed up with Sparks Architects Inc. and Jacob & Hefner Associates for civil engineering services on the project.
