HOUSTON — NAI Houston has brokered the sale of a 37,500-square-foot warehouse at 8200 Telephone Road in Houston. The property is located on a 2.7-acre lot in the South Highway 35 industrial submarket. NAI’s John Ferruzzo and Clay Pritchett represented the seller, Eastpark Partners Limited, while Doyle Toups of Moody Rambin Interests represented the buyer, DSDY Real Estate LLC.
ELIZABETH, N.J. — Duro Standard Products Co. Inc. has signed a 70,000-square-foot lease for industrial space at 1000 Jefferson Ave. in Elizabeth, located about seven miles south of Newark. The tenant, which is a division of Duro, one of the largest paper bag manufacturers in the world, is relocating from another property in Elizabeth. Barry Cohorsky and Russell Verducci of NAI James E Hanson represented Duro Standard Products Co. in the transaction. Owned by Templer Associates, the two-story, Class C manufacturing building is located in the Union industrial cluster. Built in 1948, the building has a total of 190,000 rentable square feet on 9.7 acres.
EAST BRUNSWICK, N.J. — Excel Trading has signed a lease for the entire 68,200-square-foot distribution facility at 40A Cotters Lane in East Brunswick, located about seven miles south of Edison. The property features 22-foot clear ceiling heights, 12 loading docks, two drive-in doors and 25 parking spaces. The property provides direct access to Exit 9 of the New Jersey Turnpike. Excel Trading LLC buys and sells goods from many of the largest retailers, as well as many wholesale companies. Stephen Nozza and John Cascio of Bussel Realty Corp. represented Excel Trading in the transaction.
WAUKEGAN, ILL. — HSA Commercial Inc. has partnered with Boston-based Great Point Investors to develop a 218,500-square-foot speculative warehouse facility at Delany and Blanchard roads in Waukegan, a northern suburb of Chicago. The partnership broke ground this month on the new industrial building, which will be divisible to 25,000-square-foot suites. The suites will offer 30-foot clear heights, 28 truck docks, four drive-in doors, 300 parking spaces and access to Highway 41 and Interstate 94. Michael Caprile, vice chairman, and Steve Roth, executive vice president, of CBRE secured Great Point Investors for the joint venture with HSA. Birmingham, Ala.-based Regions Bank is providing construction financing for the project, and Premier Design + Build will serve as the general contractor.
SULLIVAN, WIS. — Breakout Investments LLC has purchased a 20,000-square-foot industrial building and three self storage buildings totaling 18,000 square feet in Sullivan. Hotchkiss LLC and Sullivan Self Storage LLC were the sellers of the properties, which are located at W2355 Highway 18, about 40 miles west of Milwaukee. Zach Noble of Dickman Co. Inc./CORFAC International was the broker in the transaction.
SAN ANTONIO — Stream Realty Partners has signed Friedrich Air Conditioning Co. to a lease of 17,600 square feet in building two of the Isom Business Center, an industrial property in the Northeast submarket of San Antonio. Friedrich, a manufacturer of residential and commercial air conditioning and refrigeration products, will use the space as a research and development facility. In total, Isom Business Center comprises 175,200 square feet in three buildings. Stream’s Jason Schnittger represented landlord DRA Advisors in the deal, while Chuck King of Travis Commercial Real Estate Services Ltd. represented the tenant.
SAN DIMAS, CALIF. — TP-Link USA Corporation has signed a 38-month lease at a 52,000-square-foot industrial warehouse in San Dimas. The company will be relocating from its current 15,000-square-foot space in City of Industry. The new facility is located at 975 Overland Court. TP-Link was represented by CBRE’s Jason Chao. The landlord, , PEER Properties-2 and RDS Investment Holdings, was represented by Lynn Knox and Kent Stalwick, also of CBRE.
PHOENIX – A 9.4-acre plot of land in Deer Valley has sold to the Mack Company for $2.6 million. The company plans to build a 169,000-square-foot, Class A industrial development on the site, which is located near the southwest corner of Pinnacle Peak Road and 7th Street in north Phoenix. It is scheduled for completion in May 2014. Mack was represented by Steve Sayre, Pat Harlan, Kyle Westfall, Mark Detmer and Bo Mills of Jones Lang LaSalle. The seller, 7th Street & Airport Drive II, LLC, was represented by Luke Lewis of Luke Land Realty.
ADDISON, ILL. — The Key Group and Val-Matic Valve have purchased a 64,755-square-foot industrial building, located at 303 S. Rohlwing Road in Addison, about 25 miles west of Chicago. The purchase price was undisclosed. Situated on 3.17 acres, the property features 28-foot clear ceiling height, 8,100 square feet of remodeled office space, six cranes, five drive-in doors and eight trailer level docks, as well as a gated area for trucks/trailers and parking for 65 cars. Theresa Gleason of Paine/Wetzel/TCN Worldwide represented The Key Group and Val-Matic Valve in the transaction. Dan Cantacessi of @properties represented the seller, Porter Pipe & Supply.
FORT WORTH, TEXAS — Kubota Tractor Corp. has signed a lease for 44,000 square feet at Fort Worth’s CentrePort Business Park 3, bringing the 200,848-square-foot office/industrial complex to 100 percent occupancy. Bradford Commercial Real Estate Services’ Michael Spain and Joe Santaularia represented landlord Valwood 501 (c)(25) Inc. in the negotiations. CentrePort Business Park 3, located at 4300 Diplomacy Road in the Upper Great Southwest Industrial submarket, is only a quarter-mile from Kubota’s primary distribution center on FAA Boulevard.