RENO, NEV. – Light in the Box (LITB) has leased 26,000 square feet of distribution space at the Capital Commerce Center in Reno. The space is located at 4970 Joule Street. LITB is a global online retail company. The unnamed landlord was represented by Steve Kucera, Michael Nevis, J. Michael Hoeck and Dave Simonsen of the NAI Alliance Industrial Properties Group.
OAK BROOK, ILL. — CenterPoint Properties has sold a 20,300-square-foot industrial truck/bus dispatch facility in South Holland, which is located approximately 23 miles south of Chicago. Greenix LLC purchased the property at 16951 State St. for an undisclosed sales price. The building is situated on nine acres and features a 2,300-square-foot office space, 17 drive-in doors and parking for 212 cars and 215 trailers. Kip Hennelly of Patrick Commercial Real Estate represented Greenix in the sale.
TRENTON, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of R & A Storage, a 230-unit industrial self-storage building in Trenton. Land Holding LLC sold the building, located at 5620 Hoover St., to Ariganello Management LLC. Paul Feldman of Friedman represented the seller in the transaction.
DALLAS — CBRE Capital Markets has arranged the sale of Oakmont Industrial Group’s 1.3-square-foot, Class A industrial portfolio in Dallas. The portfolio includes three cross-dock warehouses located just north and south of DFW International Airport. The buildings include flexible designs, 32-foot clear heights, fire protection systems, high-density dock doors and ample trailer storage. Jack Fraker, Frank Fallon, Josh McArtor, Jonathan Bryan, Heather McClain Venegoni and Ryan Thornton of CBRE arranged the transaction on behalf of Oakmont Industrial Group.
NORTH CHARLESTON, S.C. — Norvell Real Estate Group LLC has brokered the $1.5 million sale of an 18,500-square-foot office/warehouse building, located at 3445 Buffalo Ave. in North Charleston. The property is fully leased to HD Supply. Drayton Calmes of Norvell represented the buyer, Marshall Bridge Capital LLC, in the transaction. Charlie Moore of Carolina Commercial represented the seller.
CHICAGO — NelsonHill has arranged the $2.8 million sale of a 100,000-square-foot building in Chicago’s Jefferson Park neighborhood. The Chicago Transit Authority (CTA) purchased the property located at 5353 W. Armstrong Ave. CTA will use the site to expand its area bus depot. The property features three interior docks, one exterior dock and one drive-in door. The building is situated on nearly four acres, is located in the Elston/Armstrong TIF Corridor, and is in close proximity to the I-90 and I-94 expressways. Mark Nelson and Michael Nelson of NelsonHill represented the seller, a New York-based cab company. Hugh Murphy of JLL represented the CTA.
PLYMOUTH, MINN. — Upland Real Estate Group Inc. has arranged a 48,000-square-foot industrial lease for MVP Logistics LLC at the Medicine Lake Industrial Center (MLIC) located in Plymouth. Duke Realty owns and operates the 221,579-square-foot distribution center, which is located a half mile west of U.S. Highway 169. MVP is expanding from 12,000 square feet at its current facility in Golden Valley located one mile east of MLIC. Joshua Huempfner of Upland Real Estate Group represented MVP in the transaction.
HOUSTON — Parkway Properties Inc. has signed two leases totaling 213,000 square feet in Houston with Nabors Industries and Bristow Group Inc. Nabors Industries signed a 98,000-square-foot expansion lease at One Commerce Green, located in the Greenspoint submarket of Houston, which expires on Sept. 30, 2025. The Nabors expansion will back-fill space Southwestern Energy Co. will vacate during the first quarter of 2015. Bristow Group Inc. signed a 115,000-square-foot lease at CityWestPlace, located in the Westchase submarket of Houston, which expires Jan. 31, 2025.
PHOENIX – J&K Cabinetry has leased 37,522 square feet at the Hohokam 10 Business Center in Phoenix. The 405,000-square-foot complex is located at 4445 E. Ellwood Street. The affordable cabinetmaker will use the space to store merchandise, and to sell to local homebuilders. J&K Cabinetry was represented by Thomas Knaub of Colliers International. The landlord, Arizona Department of Transportation Right of Way Group, represented itself in this transaction.
DOWNEY, CALIF. – A 26,877-square-foot industrial building in Downey has sold to MT Real Estate LLC for $3.7 million. The building is located at 11899 Woodruff Ave. The building will serve as an automotive storage warehouse. MT Real Estate was represented by Voit’s Joe Winklemann. The seller, the Prichard Family Trust, was represented by John M. Bowman of Heger Industrial and Dennis Slattery of Charles Dunn.