BRANFORD, CONN. — Brady Corp. has completed the disposition of an 85,000-square-foot light industrial/flex facility in Branford. Situated on 11.2 acres at 20 Thompson Road, the facility sold for $4 million. Brady Corp. plans to lease back 20,000 square feet of the building’s Class B office space. The Geenty Group and Cresa represented the seller, while The Geenty Group represented the undisclosed buyer in the transaction.
CERRITOS, CALIF. — Alere has acquired Cerritos West Industrial Park, a seven-building, 395,177-square-foot property, for $43.8 million. The park is located at 13311-13317 166th Street, 16301-16431 Carmenita Road and 16210-16448 Manning Way in Cerritos. Cerritos West is fully leased by 14 tenants, including Future Metals, Bunn-o-Matic and Maruka Machinery Co., a parent company to Maruka, USA. The park has freeway access to interstates 5, 605, 105, 710, 405 and 110, as well as state routes 91, 57 and 60. CBRE’s Darla Longo, Barbara Emmons, Rebecca Perlmutter Finkel and Laird Perkins represented both the buyer and seller, CBRE Global Investors, in this transaction.
LOS ANGELES – Keolis Transit America has renewed its lease at Skyview Center at 6053 W. Century Blvd. The facility serves as the company’s North American headquarters. The public transportation provider was represented by Sean Westgate of Cresa Los Angeles. The landlord, Los Angeles World Airports, was represented by Tom Sheets of Cushman & Wakefield.
SANTA FE SPRINGS, CALIF. – 7-Eleven has signed a seven-year lease for 146,326 square feet of warehouse and distribution space in the Los Angeles submarket of Santa Fe Springs. The space is located at 12330 Lakeland Road. It will include 35,000 square feet of new cooler space. The convenience store operator was represented by Chuck Wilson and Jon Thys of Colliers International. The landlord, Carson Companies, was represented by CBRE’s Rick McGeagh.
FREMONT, CALIF. – Bayside Technology Park, a 46,944-squre-foot industrial facility in Fremont, has sold to Crest Properties for $5.3 million. The park is located at 46107-46127 Landing Parkway. The unnamed seller was represented by Steve Kapp of Cornish & Carey Newmark Knight Frank and Jim and Craig Kovaleski of Cassidy Turley.
MOUNT PLEASANT, WIS. — Meridian Design Build has completed construction on a 132,002-square-foot speculative industrial facility in Mount Pleasant. The building, constructed for Land and Lakes Development, includes 10 loading docks, two drive-in doors and 153 parking spaces. The facility, located about one mile east of I-94, is the first to be built in Land and Lakes’ new 60-acre Mount Pleasant Business Park, which has the potential to accommodate up to 800,000 square feet of new construction. Harris Architects provided architectural services and Pinnacle Engineering Group provided civil engineering work for the project.
SOUTH BRUNSWICK, N.J. — CBRE Group has arranged a 172,249-square-foot lease for Moulton Fulfillment, a full-service order fulfillment house, at 200 Docks Corner Road in South Brunswick. Owned by Prologis, the 1.2 million-square-foot property features 36-foor ceiling heights, 40-by-50-foot column spacing, 136 docks doors, eight drive-in doors, and ample car and trailer parking stalls. Thomas Monahan, Noah Balanoff, Anastasia Lazarides and Bennett Robinson of CBRE represented the tenant, Moulton Fulfillment, in the deal. Additional terms of the transaction were not released.
BALTIMORE — St. John Properties Inc. has plans to initiate construction on three new speculative office buildings totaling approximately 90,000 square feet at Baltimore Crossroads, a master-planned, 1,200-acre mixed-use park in the White Marsh section of Baltimore County. Baltimore Crossroads is configured to support more than 5 million square feet of office, research & development/flex, warehouse, industrial, retail and hotel space. St. John Properties leased more than 100,000 square feet of office/flex space to eight Baltimore Crossroads tenants in the fourth quarter of 2014. The new tenants include Pro Transport, Social Solutions, All-Pro Team Sports, Sovereign, Evolution Physiotherapy, Performance Contracting, Skillforce, The Mallow Bar and 24-Hour Dependable Medical Supplies.
DETROIT — Friedman Integrated Real Estate Solutions has arranged the lease of a 60,000-square-foot industrial space located at 4335 W. Fort St. in Detroit. The landlord, JLK Real Estate Holdings, leased the building to Xenith LLC. The Lowell, Mass.-based company is a supplier of helmets that reduces the risk and severity of concussions and other traumatic brain injuries. Mike Koenigbauer of Friedman represented the tenant in the lease transaction.
AUBURN HILLS, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 37,920-square-foot industrial building in Auburn Hills. Although the final sale price was not disclosed, the asking price for the property was $975,000. Maple Mold Technologies purchased the property located at 2170 Walton Blvd. Maple Mold specializes in production molds, checking fixtures, small mold parts and prototypes. Garry Rogers and Jason Capitani of L. Mason Capitani represented both the buyer and seller in the transaction.
