PHOENIX – A pair of warehouses that are situated just south of Phoenix Sky Harbor International Airport have sold to ViaWest Group for $6.3 million. The warehouses are located at 2950 E. Broadway Road. They contain 50,256 square feet and 44,838 square feet and are part of Broadway Crossing industrial park. Both buildings are fully leased. They were built in 2000. Matt McDougall of Lee & Associates represented both the buyer and seller, CNA Enterprises, in this transaction.
CARSON, CALIF. – AMPAM Parks Mechanical has purchased a 50,100-square-foot industrial building in Carson for $5.8 million. The facility is located at 17036 S Avalon Blvd. It served as the former headquarters of National Emblem. AMPAM plans to occupy the new facility later this year. The company was represented by Bart Pucci of Studley. National Emblem was represented by Greg Gill and Sean Lieppman of Lee & Associates – Long Beach.
IRVINE, CALIF. – A 21,463-square-foot industrial building in Irvine has sold to RH Matthews LLC for $3.8 million. The building is located at 17752 Fitch Street. Jim deRegt, Jim Snyder and Pat Lacey of Lee & Associates – Newport Beach represented both the buyer and seller, MDG Real Estate, in this transaction.
SECAUCUS, N.J. — HFF has brokered the sale of an industrial facility, formerly Daffy’s Distribution Center, in Secaucus. Situated on 20 acres on Daffy’s Way, the property features 212,000 square feet of warehouse space. Sitex Group LLC sold the property to MEPT, a real estate equity fund advised by Bentall Kennedy, for $19.5 million. HFF’s Michael Nachamkin led the firm’s investment sales team that represented the seller in the transaction.
RIVIERA BEACH, FLA. — CBRE has brokered the $5.2 million sale of a 69,071-square-foot industrial portfolio located on four acres in Riviera Beach. An affiliate of KTR Capital Partners sold Flamingo Commerce Center, located at 7655 Enterprise Drive and 7656 Byron Drive, to Denholtz Riviera LLC. The property was 75 percent leased at the time of sale. Dominic Montazemi, Scott O’Donnell, Miguel Alcivar, Jeffrey Kelly, Robert Smith, Kirk Nelson and Jason Hochman of CBRE represented the buyer in the transaction.
SAN FRANCISCO — HCP has broken ground on the first phase of The Cove at Oyster Point, a new life science development in South San Francisco. The 884,000-square-foot project will be located on Oyster Point Boulevard. The campus will contain seven buildings that range in size from 102,000 square feet to 158,000 square feet. It will also feature 5.5 acres of outdoor green space, an amenity center, and retail and hotel entitlements. The first phase will contain two buildings totaling 253,000 square feet. They are scheduled for completion in the third quarter of 2016. The Cove will be South San Francisco’s first ground-up, multi-tenant life science development in nearly a decade, according to CBRE life sciences experts Chris Jacobs and Rick Friday, who are serving as the project’s exclusive leasing agents.
PISCATAWAY, N.J. — Bussel Realty Corp. has arranged the sale of an industrial facility located at 727 South Ave. in Piscataway. Deals For Less purchased the 41,000-square-foot property for $1.8 million. The facility features 14-foot ceilings, five loading docks, one drive-in space and heavy power. The buyer plans to raise the property’s roof an additional 10 feet and use the facility for the distribution of novelty items. Gregory Irving, Stephen Nozza and John Cascio of Bussel Realty Corp. represented the seller, Kanter Properties LLC, while Isaac Neuman of Gramercy Realty Sales represented the buyer in the deal.
SAN DIEGO – Rexford Industrial has acquired a 112,500-square-foot industrial complex in the San Diego submarket of Miramar for $18.4 million. The five-building complex is located at 8902-8940 Activity Road. It is currently 92.5 percent occupied.
INKSTER, MICH. — Colliers International has arranged the sale of a 24,775-square-foot industrial building in Inkster, approximataely 21 miles southwest of Detroit. The property is located at 2830 Beech Daly Road. Jim Roberts and Christian Hill from Colliers International represented the seller, Thomas A. Depres Inc., and the buyer, Gold Wind Logistics LLC, a trucking company.
UNION, N.J. — Greiner-Maltz has arranged the sale of the former Tuscan Dairy site, located at 750 Union Ave. in Union, to Chicago-based Bridge Development Partners for an undisclosed price. Bridge Development plans to demolish the existing structures on the site and build a 263,415-square-foot distribution center. The center will have 36-foot ceilings, an ESFR sprinkler system, 50 tailboards, 116 trailer positions and parking for 150 cars. Designed to accommodate up to two tenants, the facility is slated for completion in November. Cornerstone Architects is providing architectural and structural design services and Premier Design & Build National LLC is serving as general contractor. Ray Musalo of Greiner-Maltz represented the seller, Industrial Realty Group, and the buyer in the deal.
