Industrial

MORENO VALLEY, CALIF. — Fisker Automotive and Technology Group LLC has signed a long-term lease to occupy a 555,670-square-foot industrial building in Moreno Valley. The company plans to manufacture its ultra-luxury, plug-in electric hybrid Karma sports car at the facility. The new space is located at 17100 Perris Blvd. It is situated near Amazon’s and Procter & Gamble’s facilities. This new agreement will make Fisker the first automaker to operate an assembly plant in Southern California since 1992 when General Motors closed its Van Nuys plant, according to Colliers International, which executed the transaction. Ian DeVries and Chris DeVries of Colliers represented Fisker. Kevin McKenna and Ian DeVries of the same firm represented the landlord, First Industrial Realty.

FacebookTwitterLinkedinEmail
blue-llama

SAN ANTONIO — Marcus & Millichap has arranged the sale of Blue Llama Storage Alamo Ranch, a 77,950-square-foot self-storage facility located in San Antonio. Chico LeClaire of Marcus & Millichap’s Denver office, along with Dave Knobler of the firm’s Houston office, marketed the property on behalf of the seller, a limited liability company. Knobler and LeClaire also secured the buyer, a limited liability company. Blue Llama Storage Alamo Ranch is located at 6826 Alamo Parkway.

FacebookTwitterLinkedinEmail

TROY, MICH. — Signature Associates has brokered the sale of a 38,000-square-foot industrial building located at 1731 Thorncroft Drive in Troy, a northern Detroit suburb. Terms of the transaction were not disclosed. The building is located off West Maple Road with several automotive tenants nearby, including Midas, Belle Tire and Troy Auto Glass. Joe Banyai of Signature Associates represented the buyer, Troy Industrial Properties LLC, and the seller, First Industrial LP.

FacebookTwitterLinkedinEmail

GRAND RAPIDS — NAI Wisinski of West Michigan has brokered a 14,400-square-foot industrial lease for MBL Tool & Die LLC in Grand Rapids. The property is located at 3650 Broadmoor Ave in a very industrialized area of Southeast Grand Rapids and is part of a 43,200-square-foot flex building. The lease is for a term of five years. The property features seven dock doors and 10 overhead doors. Jeremy Veenstra represented the tenant in the transaction.

FacebookTwitterLinkedinEmail
10203-Wallisville

HOUSTON — Dalfen America Corp. (DAC) has acquired Lockwood International’s corporate headquarters and distribution facilities in Houston in a sale-leaseback transaction. Lockwood International is a privately held supplier of valves and valve automation. The three-building portfolio includes two warehouses and one office building totaling 201,000 square feet. The properties were built in 1998, 2002 and 2004 as a build-to-suit project for Lockwood. Located two miles from Union Pacific’s Englewood and Settagast intermodal terminals, the property is also about 15 miles from downtown Houston. Joseph Smith of CBRE represented Lockwood International in the sale-leaseback transaction to DAC.

FacebookTwitterLinkedinEmail

FORT WORTH, TEXAS — Monmouth Real Estate Investment Corp. has acquired a 304,608-square-foot industrial building located in the Fort Worth Alliance Airport at 2701 Texas Longhorn Way in Fort Worth for $35.3 million. The property is net leased for 15 years to FedEx Ground Package System. The building is situated on 44.2 acres. Monmouth was founded in 1968 and specializes in net leased industrial properties.

FacebookTwitterLinkedinEmail

HOUSTON — NAI Partners represented Customform Transportation Systems in the renewal of a 27,000-square-foot industrial lease at the Post Oak Industrial Park located at 1217 N. Post Oak Blvd. in Houston. Clay Pritchett of NAI Partners and Robin Weber of Weber Commercial represented Customform in the renewal, while Jude Filippone of Transwestern Commercial Services represented the landlord, St. Paul Marine Insurance Co.

FacebookTwitterLinkedinEmail
827 Degurse Ave. in Marine City, Mich.

MARINE CITY, MICH. — Friedman Integrated Real Estate Solutions has negotiated the sale of an 11,940-square-foot industrial building located at 827 Degurse Ave. in Marine City, approximately 50 miles northeast of Detroit. Terms of the transaction were not disclosed. VJ Industries Inc., a computer numeric controlled (CNC) machining company based in Port Huron, Mich., acquired the property from Degurse LLC. VJ Industries specializes in the aerospace, automotive and heavy equipment industries. Bob Dabrowsk of Friedman Integrated Real Estate Solutions represented both the buyer and seller in this transaction.

FacebookTwitterLinkedinEmail

SAN ANTONIO — American Freight Furniture and Mattress has opened its first location in Texas. The 45,000-square-foot store is located at 639 Lanark Drive in San Antonio, an industrial area commonly known as the Alamo Industrial Center. American Freight Furniture and Mattress is a discount furniture warehouse open to the public. Home furnishings and furniture are received from manufacturers due to factory closeouts, liquidations, dealer cancellations and retail chain buyouts. American Freight orders directly from the product manufacturer and utilizes warehouses rather than showrooms. Furniture brands sold at American Freight include Simmons, Serta and NordicRest.

FacebookTwitterLinkedinEmail