WACO, TEXAS — Channel Control Merchants (CCM) has selected Greater Waco for the site of its first Texas distribution operation. The company has acquired a 200,000-square-foot building located at 401 Precision Drive, and will invest $1.1 million in capital improvements and hire 116 employees. CCM plans to have the facility updated, fully staffed and operational by September. The company chose Waco as its first Texas distribution location due to the city’s central location within the state. The company will also open a 38,000-square-foot retail location at 300 North Valley Mills Drive under its Dirt Cheap brand, with plans for multiple retail locations throughout Texas. Dirt Cheap is the largest retailer of customer returns and marked out-of-stock merchandise in the United States. The company, established in Hattiesburg, Miss. in 1941, has expanded across seven states in the last five years. CCM is organized into two divisions: a global wholesale business and 67 retail locations. The retail stores operate under three banners: Dirt Cheap, Treasure Hunt and Dirt Cheap Building Supplies.
SAN BERNARDINO, CALIF. — The Rockefeller Group has purchased 19 acres in San Bernardino for an undisclosed sum. The acquisition includes a 225,000-square-foot industrial building located at 1333 S. Tippecanoe Ave. The company plans to redevelop this space into a modern distribution space. Rockefeller is planning two industrial distribution buildings totaling about 415,000 square feet. The first building will be a 333,170-square-foot, cross-dock distribution facility. The second is an 81,730-square-foot, front-loading building for storage and distribution. CBRE’s Darla Longo, Barbara Emmons, Rebecca Perlmutter Finkel, Michael Kendall and Andrew Briner represented the seller, CT Realty, in this transaction.
SUNNYVALE, CALIF. — GI Partners has acquired a 75,000-square-foot data center in Sunnyvale for an undisclosed sum. The facility is located at 825 Stewart Drive. The acquisition was made through DataCore, a $500 million real estate fund GI Partners manages on behalf of the California State Teachers’ Retirement System (CalSTRS). The Class A office and R&D property was developed in 1968. It was repositioned in 2002 and 2015. The property is fully leased to a prominent technology company.
SAN DIEGO — Cross Development has purchased a 29,477-square-foot manufacturing facility in the San Diego submarket of San Marcos for $3.5 million. The facility is located at 185 Vallecitos De Oro. Caliber Collision, a collision repair provider, will occupy the property. CBRE’s Jason Reed and Jeff Drew of Retail Insite represented Cross Development. Trent France, Isaac Little, Marko Dragovic and John Perrillo of Lee & Associates – North San Diego County and Don Grant of Cushman & Wakefield represented the seller, Nelson Family Trust, in this transaction.
DALLAS — ML Realty Partners has acquired a 163,390-square-foot industrial building at Northgate Business Park in Dallas. ML Realty Partners plans to update the building’s office space to support the growing demand for industrial businesses in northeast Dallas. The distribution facility is located at 9660 Dilworth Road and will be available for lease for spaces as small as 32,584 square feet. The property provides access to I-635 and U.S. Route 75. Gordon Foster & Scott Voelkel of Foster & Co. represented the seller. Matthew Dornak and Ryan Wolcott of Stream Realty Partners represented ML Realty Partners in the acquisition and will also be responsible for leasing the building.
WEST CHESTER, OHIO — CBRE Group Inc. has arranged the $4.5 million sale of an industrial property in West Chester, approximately 25 miles north of Cincinnati. Ohio Eagle Distributing, a wholesale distributer of domestic, imported and craft beers, purchased the 136,550-square-foot building from Bakery Crafts LLC. The facility, located at 9300 Allen Road, features an office area with break room, hospitality and tasting room, private offices and a warehouse area. The building is situated on 15 acres. Robert Bunton of CBRE represented the seller in the transaction, and Rod MacEachen from SqFt Commercial represented the buyer. Ohio Eagle Distributing will relocate from its current space at 150 Lawton Ave. in Monroe after the building is retrofitted to Anheuser-Busch specifications.
WADSWORTH, OHIO — NAI Cummins has brokered the sale of a 25,600-square-foot industrial property in Wadsworth, approximately 40 miles south of Cleveland, for an undisclosed price. Koorsen Fire and Security purchased the facility at 875 Seville Road and is relocating from a smaller facility in Akron. The seller is a Massachusetts-based private entity. Bob Raskow, Scott Raskow and Jeff Davis of NAI Cummins represented both the buyer and seller in the transaction.
GARDEN GROVE, CALIF. — King Shocks has acquired a 55,576-square-foot industrial building in Garden Grove for $9.4 million. The facility is located at 12472 Edison Way. The American manufacturer of off-road automotive parts will use the space for its corporate headquarters. Isuzu formerly occupied the property. Mike Bouma, Paul Caputo and Eric Smith of Voit’s Anaheim office represented the seller, LBA RIV-COMPANY XXVII LLC, in this transaction.
PHOENIX — Strategic Storage Growth Trust has acquired an 840-unit self-storage facility in the Phoenix submarket of South Mountain Village for an undisclosed price. The facility is located at 1500 E. Baseline Road. Glacier Development designed the Class A property.
LINDEN, N.J. — Bussel Realty Corp. has brokered the sale of an industrial property located at 2365 E. Linden Ave. in Linden. New York-based 2365 Linden Corp LLC acquired the property from Edward Cantor for $2.1 million. Situated on 2.1 acres, the building features 23,000 square feet of industrial space. Jordan Metz of Bussel Realty represented the buyer and seller in the deal.