CHATSWORTH, CALIF. – Rexford Industrial Realty has purchased a 153,984-square-foot distribution building in Chatsworth for $14.1 million. The building is located at 9401 De Soto Ave. It was built in 1983. The building was the former corporate headquarters, manufacturing and distribution center for Topco Sales. David Young and Chad Gahr of NAI Capital’s Encino office represented both the buyer and seller, 9401 De Soto LLC, in this transaction.
FREDERICK, MD. — Transwestern has brokered the sale of two industrial properties in Frederick totaling $23.9 million on behalf of the seller, Ruppert Properties. Cabot Properties purchased Stanford Trading Center, a four-building, 175,380-square-foot industrial campus, for $15.9 million. Flying Dog Brewery purchased The Brewery Building, a 46,200-square-foot asset located at 4607 Wedgewood Blvd., for $8 million. Flying Dog is the sole occupant of The Brewery Building. Transwestern’s Mark Glagola and Robert Filley, who is now with Marcus & Millichap, brokered the transaction. Bill Meissner of Ruppert Properties worked with the Transwestern team to facilitate the transaction.
HOUSTON — NAI Partners has arranged the sale of a 15,000-square-foot office/warehouse space at 16130 Hollister Road in Houston. Donald C. Smith purchased the property. Darren O’Conor of NAI Partners represented Donald C. Smith, while Robert McGee, Thomas Leger and Chase Cribbs of TNRG represented the seller, Hightower Investments Ltd., in the transaction.
HOPKINTON, MASS. — R.W. Holmes has negotiated the sale of a multi-tenanted flex building, located at 227-233 South St. in Hopkinton. 227-229 South Street LLC purchased the 43,000-square-foot property for $5.35 million from Mar S. Maple Realty Trust. Precision Digital Corp. will renovate and occupy 21,000 square feet of the property. Craig Johnston of R.W. Holmes procured and represented the buyer, while John Eysenbach, also of R.W. Holmes, represented the seller in the transaction.
AURORA, COLO. – The 38,970-square-foot Hancock Park Office Building in Aurora has sold to an unnamed buyer for $2.6 million. The building is located at 15200 East Girard Ave. The seller was represented by Rob Edwards and Tom Ethington of Pinnacle Real Estate Advisors.
MESA, ARIZ. – Addictive Desert Designs has signed a three-year lease for two warehouse buildings in Mesa. The property is located at 308 S. Extension Road. It contains a 44,004-square-foot building and a 22,706-square-foot building. The off road truck and SUV design and parts manufacturer will be expanding from its nearby 40,000-square-foot warehouse. Matt McDougall and Matt Fredrick of Lee & Associates represented both Addictive Desert and the landlord, Presson Corp., in this transaction.
EL PASO, TEXAS — CBRE has arranged sale of a four-building, 245,745-square-foot industrial portfolio in El Paso, on behalf of New York-based Sullivan Crosby Trust. Phoenix-based ViaWest Group purchased the portfolio in an off-market transaction for an undisclosed price. Christian Perez Giese, William Caparis, Anthony Mash and Arturo De la Mora of CBRE’s El Paso office represented the seller. The buildings are 50 percent occupied, with short-term tenants bringing it to 75 percent occupancy. According to CBRE Research, the central El Paso submarket is approximately 94.7 percent occupied as of the fourth quarter of 2014. This is the first El Paso-area acquisition for ViaWest Group. A host of rehabilitation projects are slated for the properties, including new roofs, landscaping, fencing and equipment replacement.
HOUSTON — Levey Group has arranged an 11,200-square-foot, 10-year lease with PCI Promatec at its Sam Houston Business Park in Houston. PCI Promatec will occupy space located at 8846 N. Sam Houston Pkwy. W. The company specializes in fire stops, penetration seals, fire wrap and rigid fire barriers developed for nuclear, power and chemical processing, as well as heavy industrial applications. Sam Houston Business Park is a Class A, industrial flex, office and distribution business park. The business park includes three tilt wall facilities featuring storefront entrances, generous clear heights and column spacing and dock-high and grade-level loading docks. A fourth 56,000-square-foot building is under construction. Other park tenants include Flotek, Ringers Technologies, Tyndale USA, NDLI Logistics, Westermann BG and Doorscapes Inc. Joseph Smith of CBRE represented Levey Group, and Chris Caudill of NAI Partners represented Promatec in the transaction. With Promatec’s lease, phase I of the development is now fully percent leased.
MARLTON, N.J. — NAI Mertz has arranged the sale of a multi-tenant industrial building located at 4 East Stow Road in Marlton. Plymouth Industrial REIT Inc. purchased the 156,280-square-foot facility for an undisclosed price. The property is currently 97 percent leased to a variety of tenants, including Cherry Hill Photo, RiverTech Solutions and MBO America. Situated on 14.54 acres, the property features 22-foot ceiling heights, 22 tailgate loading doors and eight drive-in loading doors. Jonathan Klear and Fred Meyer of NAI Mertz negotiated the transaction. The name of the seller was not released.
CONCORD, N.C. — Griffin Capital Essential Asset REIT II Inc., a non-traded REIT sponsored by Griffin Capital Corp., has purchased the Owens Corning Building in Concord, part of Charlotte’s Northeast industrial submarket. The 61,200-square-foot, Class A industrial property is under a long-term lease agreement with Owens Corning. Patrick Gildea, Anne Johnson and Bryan Crutcher of CBRE represented the undisclosed seller in the transaction.
