FARMERS BRANCH, TEXAS — Lee & Associates has brokered the sale of a 31,204-square-foot industrial building located at 3320 Beltline Road in the Dallas suburb of Farmers Branch. Nathan Denton of Lee & Associates’ Dallas/Fort Worth office represented the buyer, Lina Ramey & Associates. Adam Curran with Mercer Co. represented the seller, HYJY Investments.
VALENCIA, CALIF. – IAC has broken ground on a new 1.3-million-square-foot industrial development in Valencia. The new project will be called IAC Commerce Center. It will be the largest industrial center to break ground in North Los Angeles County in 25 years, according to CBRE, which has been retained to market and lease the property. The center will be situated on 70 acres along Witherspoon Parkway, adjacent to the Valencia Commerce Center. It will be completed in three phases. The first phase will include 400,000 square feet. It is scheduled for completion in the third quarter of 2016. Land development is anticipated to take about 12 months.
AUSTIN — CBRE has brokered the sale of McNeil 1, a 246,390-square-foot industrial complex in north Austin. Glendale, Calif.-based PS Business Parks purchased the asset from Investors Warranty of America Inc. for an undisclosed price. McNeil 1 is located at 12317 Technology Blvd. in Austin and includes 140,000 square feet of space available for lease. The building is located near several companies including Flextronics, Luminex and VISA. Mark Emerick, John Barksdale and Darryl Dadon of CBRE represented the seller and retained the leasing assignment on behalf of the buyer.
BEAUMONT, TEXAS — NAI Houston represented Spring Safety in the company’s lease renewal of 10,215 square feet in Beaumont. The property is located at 3880 Washington St. Jason Whittington of NAI Houston represented the tenant, Spring Safety, a division of Spring Holdings Inc., in the transaction. Ryan Harrington of Foxworth Real Estate Co. Ltd. represented the landlord, Perth United Limited Partnership. Sprint Safety is a rental company specializing in safety, breathing air and confined space entry equipment.
CHANDLER, ARIZ. – A 46,119-square-foot industrial property in Chandler has sold to Bell Steel Inc. for $4.5 million. The asset is located at 1100 N. Hamilton Street. The sale included a 4,000-square-foot office building, a 29,319-square-foot fabrication building, a 10,800-square-foot office/warehouse building and a 2,000-square-foot storage building. Bell Steel was represented by JLL’s Steve Larsen. The seller, TW Steel, was represented by Evan Koplan and Mike Parker of CBRE’s Phoenix office.
CARLSTADT, N.J. — NAI Hanson represented landlord, Amor SGE LLC, in the lease of 33,000 square feet at its industrial building in Carlstadt. M4U Inc. will use the space, located at 50 Armor Ave., to expand its operations. The warehouse space features four loading docks, two drive-ins, 1,200 amps of power and ample parking. Jeff DeMagistris and Tom Vetter of NAI Hanson represented the owner in the transaction.
HOUSTON — NAI Houston has arranged the sale of a 27,000-square-foot spec building located on 3.3 acres at 9851 Genard Road in Houston. Chris Kugle and John Ferruzzo of NAI Houston represented the seller, Brennan Investments. John Nicholson of Cassidy Turley represented the buyer, Ferguson Enterprises Inc.
Auburn Hills, Mich. — L. Mason Capitani CORFAC International has arranged the sale of a 40,000-square-foot industrial facility in Auburn Hills. SL America Corp. purchased the facility located at 4375 Giddings Road from an undisclosed seller. The asking sale price for the property was $2.2 million. SL America, a subsidiary of South Korean-based SL Corp., has outgrown its North American Engineering Center in Sterling Heights and is expanding to this new location. The company is a supplier of exterior lighting, gear shifters, electronics, and pedal modules. Garry Rogers of L. Mason Capitani represented the buyer in the transaction.
THOMSON, GA. — Hollander Sleep Products has selected Red Rock Developments to construct its 200,000-square-foot manufacturing and warehouse facility in Thomson. The property will be Hollander’s 10th manufacturing facility in the United States. The company’s bedding products include Laura Ashley, Ralph Lauren, Beautyrest and Waverly.
UNION, N.J. — Bussel Realty Corp. has brokered the sale of 600 Green Lane, a 91,000-square-foot distribution and headquarters facility in Union. Millstein Acquisitions and D’Artagnan purchased the property for $6.6 million. Situated on 5.9 acres the property features 13,000 square feet of modern offices, 26- to 28-foot ceiling heights, 17 loading docks and 163 parking spaces. The property most recently underwent renovations in 2005. Robert Sagar and David Blitt of Bussel Realty represented the seller, while Blau & Berg represented the purchaser in the transaction.