HOUSTON — United Equities Inc. has arranged a 15,680-square-foot industrial lease in Houston for Flow Solutions Holdings Inc., a valve solutions provider refining, petrochemical and energy industries. The tenant will occupy the warehouse located at 14710 Vickery Drive, which is located in proximity to Beltway 8, Houston’s outer loop. The facility features 1,800 square feet of office space and 28-foot eave heights. Doug Freedman of United Equities represented the landlord, Vickery-Aldine Bender LLC. Billy Gold of CBRE represented Flow Solutions.
Industrial
HOUSTON — Moody Rambin has arranged a lease renewal and expansion totaling 14,536 square feet of office space in Houston for Flexpipe, a division of ShawCor Ltd. that specializes in the production of flexible composite piping. The growing tenant occupies space at the Ashford 6 building, located at 1155 Dairy Ashford Road within the Ashford Place Office Park. Bob Cromwell and Kevin Nolan of Moody Rambin represented the landlord and property owner, Delaware-based BRI 1851 ASHFORD LLC, in the negotiations.
SAN DIEGO — HFF has arranged a $6 million loan for the acquisition and renovation of Morena Business Center, a three-building flex/industrial park in San Diego. The structures, located at 2620, 2640 and 2645 Financial Court, total 62,814 square feet. The park’s six-acre site is located east of I-5 in the Morena submarket. Tenants include Destination Concepts, American Geotechnical, Solar West Electric and Envision. Zach Koucos and Aldon Cole led the HFF team that worked on behalf of SR Commercial, a privately held, full-service commercial real estate investment company, to arrange the fixed-rate, non-recourse loan.
GRAND PRAIRIE, TEXAS — Lee & Associates has arranged a 76,913-square-foot industrial lease in Grand Prairie for NAWF Co. Inc., a producer of distribution solutions for the food industry. The tenant will occupy space within the facility located at 1213 W.N. Carrier Parkway, which is part of Oakridge Business Park. Mark Graybill and Scott Giordano of Lee & Associates represented the landlord, IndCor Properties Inc., in the negotiations. Tim Vogds of CBRE represented NAWF Co. Inc.
ELGIN, ILL. — Arthur J. Rogers & Co. has arranged the lease of four properties in Elgin, located approximately 45 miles northwest of Chicago. The properties are located within the Rogers Business Parke-Elgin, a development consisting of four buildings totaling 232,000 square feet. The leases include a 9,890-square-foot property at 2521 Technology Drive for Precision Dormer LLC, a manufacturer and seller of high-speed steel and carbide round tools; a 4,500-square-foot property at 2531 Technology Drive for Intellisource Inc., a graphic production and promotional company; a 3,900-square-foot property at 2541 Technology Drive for Winegard Co., a manufacturer of television reception products; and a 1,690 square-foot property at 2521 Technology Drive for ONSITE Woodwork, a family-owned premier woodworking company. Chris Zannis of Arthur J. Rogers & Co. negotiated the leases. Facilities at Rogers Business Parke-Elgin offer both 100 percent office suites and mixed-use office/warehouse space, with units ranging from 2,000 to 58,000 square feet.
BOLINGBROOK, ILL. — Lee & Associates has arranged the lease of 42,680 square feet in Bolingbrook. LMI Solutions, a manufacturer and distributor of replacement toner cartridges, will occupy space at 606 Territorial Drive. Tim McCahill and Brian Vanosky of Lee & Associates represented the tenant. Jason West and Sean Henrick of Cushman & Wakefield represented the landlord, TA Associates Realty, in the transaction.
JERSEY CITY, N.J. — NAI James E. Hanson has brokered the sale of 106 Harbor Drive, a single-tenant warehouse facility in Jersey City. CenterPoint Harbor LLC acquired the 54,000-square-foot property for $4.6 million. Additionally, the new owners executed a 10-year lease for the property with Iron Mountain Information Management. Tom Ryan and Barry Cohorsky of NAI James E. Hanson represented the seller, a family investor, in the sale. Ryan and Cohorsky also represented the new owner in the lease transaction.
PLANO, TEXAS — Lee & Associates has arranged an 18,094-square-foot industrial lease in Plano for Circuit Design Specialties, a manufacturer of circuit board products. The tenant will occupy space within a facility located at 3301 E. Plano Parkway, which features 24-foot clear heights, seven exterior loading docks and one drive-in door. George Tanghongs and Brett Lewis of Lee & Associates represented the landlord, First Guardian Group, in the negotiations. Swearingen Realty Group represented Circuit Design Specialties.
LOUISVILLE, KY. — Dermody Properties has commenced construction on LogistiCenter Louisville, a 315,147-square-foot distribution facility in the Renaissance South Business Park near Louisville International Airport. The property will feature 32-foot clear heights, 60 dock doors, four drive-in doors, parking for 336 cars and 73 trailer stalls. Dermody Properties will develop the project in partnership with PCCP LLC. Construction is expected to wrap up in September.
FOREST PARK AND CARTERSVILLE, GA. — Lee & Associates has brokered the sale of two industrial properties in Georgia for a combined purchase price of approximately $7.3 million. The two projects included 13-16 Overmeyer Way in Forest Park, a 242,000-square-foot, four-building industrial complex; and a 55,000-square-foot flex property at 774 GA Highway 320 in Cartersville. Rick Tumlin of Lee & Associates, along with Tom Ellis of Atlanta South Commercial Properties, represented the seller, Charlotte, N.C.-based Columbus Nova, in the Forest Park transaction. Mike Sutter of Lee & Associates represented the buyer, Sealy & Co., which has retained Sutter and Tumlin to market the property. Tumlin and Sutter also represented the buyer of the Cartersville facility, Road Tested Parts. Tom Sims of Ackerman & Co. represented the seller.