HOUSTON — Core Laboratories LP has renewed its 119,700-square-foot lease at West by Northwest Industrial Park, located at 9830 Rosprim in Houston. The facility’s ESFR sprinkler systems, 24-foot clear height ceilings and proximity to Highway 290 and Beltway 8 continue to make a good fit for petroleum industry service provider Core.
GRAND PRAIRIE, TEXAS — Duke Realty has signed third-party logistics services provider APL Logistics Warehouse Management to a new lease totaling 209,070 square feet at the Grand Lakes I building in Grand Prairie. A state-of-the-art warehouse property, Grand Lakes I has the ability to expand the space remaining to as much as 660,792 square feet for a prospective client. Randy Wood of Duke’s Dallas office represented the landlord in the negotiations, and Nathan Lawrence of CBRE represented APL.
GLENDALE, CALIF. – A 105,848-square-foot cold-storage warehouse that is occupied by Sprouts Farmers Market’s Southwest U.S. Distribution Warehouse has sold to WAM Glendale L.P. for $9.2 million. The warehouse is located at 5445 W. Missouri Ave. Sprouts is the only tenant at the facility. The grocer had been at the facility for 10 years. It recently renewed for an additional 10-year term. Marc Bonilla of Colliers International in Greater Phoenix represented both the buyer and the seller, FBL LLC, in this transaction.
JOLIET, ILL. — First Industrial Realty Trust Inc. (NYSE: FR) has acquired a 509,000-square-foot distribution center in the Chicago area for $20.5 million. The building is located at 4100 Rock Creek Blvd. in Joliet and includes 32-foot clear ceiling heights. The building was vacant at the time of sale. The facility can accommodate a single-tenant or be subdivided for multiple tenants.
SECAUCUS AND MILLBURN, N.J. — G.S. Wilcox & Co. has arranged $15.9 million in financing for two industrial properties in Secaucus and one mixed-use property in Millburn. Great West Financial provided the two Secaucus loans totaling $6.5 million for Hartz Mountain. The loans were secured by a 61,220-square-foot warehouse located at 125 Seaview Drive and a 58,736-square-foot warehouse at 140 Seaview Drive. Genworth Financial provided the third loan for Fidelco. The $9.4 million loan was secured by a 91,722-square-foot mixed-use property located at 225 Millburn Ave. in Millburn. Gretchen Wilcox, president, and Al Raymond, principal, at G.S. Wilcox & Co. arranged the loans.
DALLAS — HFF has arranged the sale of a 14-building, 1.4 million-square-foot industrial portfolio in Dallas on behalf of Cobalt Capital Partners LP. The property, which is 96 percent leased to 28 quality tenants with an average remaining term of six years, was originally purchased by the seller between 2003 and 2007. HFF’s Randy Baird, Jud Clements and Robby Rieke represented the locally based Cobalt in the transaction.
FARMERS BRANCH, TEXAS — A Miami-area private investor has purchased Maxim Integrated Products Inc.’s fully leased, six-tenant flex building at 14540 E. Beltwood Parkway in the north Dallas suburb of Farmers Branch. The property is the fourth-to-last to be sold of the 13 buildings on 1.3 acres originally built by Maxim in 1979, before the company’s relocation north of LBJ Freeway. Cornerstone Assembly Church and North Dallas Fencers Club are among the property’s current tenants. Bradford Commercial Real Estate Services’ Leigh C. Richter represented Maxim in the deal, and Callahan Properties’ Rick Callahan represented the buyer.
GLENDALE, CALIF. – A 105,848-square-foot cold-storage warehouse that is occupied by Sprouts Farmers Market’s Southwest U.S. Distribution Warehouse has sold to WAM Glendale L.P. for $9.2 million. The warehouse is located at 5445 W. Missouri Ave. Sprouts is the only tenant at the facility. The grocer had been at the facility for 10 years. It recently renewed for an additional 10-year term. Marc Bonilla of Colliers International in Greater Phoenix represented both the buyer and the seller, FBL LLC, in this transaction.
SHAKOPEE, MINN. — Opus Development Co. LLC has acquired 50 acres of land in Shakopee to develop a 200,000-square-foot industrial warehouse and distribution facility. Construction on the speculative industrial facility will begin this fall, with completion slated for spring 2014. The property will be called Valley Park Business Center. Opus Development Co. will develop the project, Opus Design Build LLC will serve as the design-builder and Opus AE Group LLC as the architect and engineer.
BELLEVILLE, N.J. — Weichert Commercial Brokerage Inc. has arranged the sale of a 60,000-square-foot industrial building in Belleville, about five miles north of Newark. Scott Maynard, senior vice president at Weichert, represented the seller, a bank, and the buyer, Charles DeFranza, in the transaction. The industrial property is located at 335-353 Cortlandt St.