STAFFORD, TEXAS — NAI Partners has arranged the sale of a 58,000-square-foot industrial building in Stafford. The property is located on six acres at 10905 Cash Road. Chris Caudill of NAI Partners represented the buyer, OHK LLC. Marc Drumwright of Southwest Realty Advisors represented the seller, Satake USA Inc.
CHARLOTTE, N.C. — Crescent Communities has broken ground on Air Park West Three, a 209,000-square-foot industrial building in the AirPark West industrial facility in northwest Charlotte. Merriman Schmitt Architects designed the property to achieve LEED certification and feature 32-foot clear heights, an ESFR sprinkler system, 60 mil TPO roof, 46 insulated overhead doors and two drive-in doors. The Class A front-loading building will be 200 feet deep. General contractor Myers & Chapman expects to complete the facility in September. AirPark West is located at I-85 and Sam Wilson Road and offers close proximity to I-485, Charlotte Douglas International Airport and the Charlotte Regional Intermodal Facility. The park features two fully leased industrial buildings, also developed by Crescent, that total 276,000 square feet.
MERIDEN, CONN. — Binswanger has brokered the sale of a manufacturing/warehouse facility located at 119 Empire Ave. in Meriden. 119 Empire Avenue LLC purchased the 166,330-square-foot property for an undisclosed price from Atlas Container LLC. Situated on 12.42 acres, the property features an open layout, 26.8-foot clear ceiling heights, heavy power and an active railroad spur. The buyer plans to take occupancy this spring. Jim Panczykowski of Binswanger’s New Haven, Conn., office arranged the transaction.
BREA, CALIF. – Intercontinental Real Estate has acquired the 101,420-square-foot corporate headquarters of PennySaver USA Publishing in Brea for an undisclosed sum. The space is located at 2830 Orbiter Street. The facility is adjacent to Imperial Highway, less than 30 miles from Downtown Los Angeles. It contains 52,069 square feet of office space throughout two floors, as well as 49,351 square feet of industrial manufacturing, assembly and distribution space. The facility houses the operations for the weekly PennySaver pamphlet, web-based advertising systems and salesforce. The seller, a joint venture between Cohen Asset Management and American National Insurance Company, was represented by HFF’s Anthony Brent and Ryan Martin.
CHINO, CALIF. – An 86,204-square-foot industrial building in Chino has sold to Emare for $9.7 million. The building is located at 4850 Eucalyptus Ave. Emare is a local company that distributes cell phone cases and accessories. It was represented by Stephen Shatafian of Lee & Associates. The unnamed seller was represented by Henry Hong of the same firm.
LOGAN TOWNSHIP, N.J., AND CARLISLE, PA. — Reno, Nev.-based Dermody Partners has broken ground on the development of two industrial facilities in New Jersey and Pennsylvania. In New Jersey, Dermody and its capital partner, Great Point Investors, have broken ground for the construction of a multi-tenant facility at 1110 Commerce Blvd. in Logan Township. Situated within LogistiCenter Logan, the 171,600-square-foot facility is slated to be complete in June. The property will feature 32 feet of clear heights, 106-car parking spaces and 39-trailer parking spaces. In Pennsylvania, Dermody and Pacific Coast Capital Partners have broken ground on construction for a 602,250-square-foot facility at One Ames Dr. within LogistiCenter Carlisle industrial park in Carlisle. The facility will feature 36 feet of structural clear height, 142 loading docks, 187-car parking spaces and 93-trailer parking spaces. The facility is slated for completion in September.
CLIFTON, N.J. — Tulfra Real Estate has partnered with Hampshire Cos. to acquire a distribution facility located at 65 Industrial St. South in Clifton for an undisclosed price. The former Glaxo SmithKline building, features 202,000 square feet of space, including 28,000 square feet of office space, as well as 16 loading docks and 200 on-site parking spaces. The buyers have launched a major repositioning program for the former manufacturing plant to convert the property to a single-tenant use and increase the ceiling height to 27 feet. Additional renovations include a new ESFR sprinkler system, new exterior skin, T5 lighting, epoxy floors and new electrical and mechanical systems, as well as 22,000 square feet of space for lab and/or office use. The name of the seller was not released.
BELLEVILLE, ILL. — IMPACT Strategies has completed a $1.1 million expansion project for Chelar Tool & Die Inc., a Belleville-based tool manufacturer. Construction of the 12,000-square-foot addition began in October 2014 and completed in March. IMPACT Strategies built a single-story, pre-engineered metal building. The facility is equipped for making metal stamping dies, metal stampings, specialty precision machinery and Blanchard grinding. IMPACT Strategies collaborated on the project with architect EWR Associates Inc. of Fairview Heights.
SOUTHFIELD, MICH. — Friedman Integrated Real Estate Solutions has brokered the sale of two industrial buildings in Southfield. The properties include a 19,350-square-foot building and a 21,500-square-foot building. The properties are located within the Southfield Research Park at 21644 Melrose Ave. and 21666 Melrose Ave. The seller, RREF KB-MI STRI LLC, sold the building to Nexcess, which provides web-hosting solutions. Dan Verderbar and Rick Tabbi of Friedman represented the seller and the buyer in this transaction.
LAS VEGAS — Construction has commenced on LogistiCenter Cheyenne, a 381,804-square-foot distribution facility in North Las Vegas. The facility is located at 4025 East Cheyenne Ave. The 20-acre property is situated in the Interstate 15 corridor. Key West Coast markets like Los Angeles, Phoenix and Utah are within a one-day drive of the center. The project is being developed by Dermody Properties. It is scheduled for completion this October. The facility will feature a 32-foot clear height, 80 trailer stalls and 248-car parking stalls. Hillwood Investment Properties is the strategic financial partner on the project. United Construction Company will act as the general contractor. The property is being marketed by Susan Borst and Dan Doherty of Colliers Las Vegas.