EULESS, TEXAS — SkyWalker Property Partners has acquired a 70,111-square-foot flex property in the Dallas/Fort Worth suburb of Euless. Located on more than four acres at 1101 Pamela Drive, the single-story facility was 37 percent leased at the time of the sale to tenants including Curry Printing Inc. and Modern Tektronix Assembly Inc. SkyWalker, which purchased the asset on behalf of Hangover Opportunity Fund LLC, will invest in capital improvements including new air conditioning and power systems, as well as a 7,500-square-foot speculative suite. Theron Bryant of Coldwell Banker Commercial Alliance DFW represented the buyer in the transaction. Allen Gump of Colliers International represented the seller, Massachusetts-based Invensys Inc., which acquired the building in 2005.
Industrial
RENTON, WASH. — Oakesdale Commerce Center, a 43,000-square-foot distribution facility in Renton, has sold to Industrial Property Trust Inc. for $4 million. The facility is fully leased to two tenants.
LOS ANGELES – A 40,428-square-foot industrial/office building in the Los Angeles submarket of Thousand Oaks has sold to International Church of Foursquare Gospel for $5.2 million. The building is located at 3353 Old Conejo Road. The seller, Dorothea Phelan and Ardean Calvin Trusts, was represented by Jack Dwyer of NAI Capital’s Westlake Village office.
CARLSBAD, CALIF. – A 106,311-square-foot industrial building in Carlsbad has sold to 2270 Camino LP for $9.5 million. The building is located at 2270 Camino Vida Roble. The buyer is an entity of Lincoln Property Company. Aric Starck of Cassidy Turley represented both the buyer and the seller, 2270 Camino Vida Roble LLC, an entity of the Gilbert J. Martin Foundation, in this transaction.
INDIANAPOLIS — Cassidy Turley has arranged the sale of a nine-building, multi-tenant industrial portfolio in Indianapolis to Chicago-based CrossLake Partners.The buildings are located in the Park 100 Business Park in the Northwest industrial submarket of Indianapolis. The portfolio totals 439,194 square feet and was 97 percent occupied at the time of the sale. Jeff Castell of Cassidy Turley represented the seller, Duke Realty Corp., in the transaction.Cassidy Turley will lease and manage the portfolio.
HOUSTON — Q10 | Kinghorn, Driver, Hough & Co. (Q10 | KDH) has arranged a $17.7 million loan for the construction of Apache Industrial Services’ new Houston facilities. The complex will consist of several structures totaling more than 300,000 square feet on a 123-acre site. The project, the first phase of which commenced this quarter, will include the construction of a training center, administrative offices and multiple production buildings. Portions of the complex are slated for completion as early as this summer. Matt Franke and Larry Peters of Q10 | KDH originated the loan on behalf of the borrower through the Mutual Bank of Omaha.
STAFFORD, TEXAS — Marcus & Millichap has brokered the sale of a 30,000-square-foot industrial property in the southwest Houston suburb of Stafford. Located at 12910 and 12914 Mula Lane, the two-building facility is in proximity to the interchange of the Sam Houston Tollway and I-69. Gus Lagos and Nik Kapetanakis of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company.
PASADENA, TEXAS — NAI Houston has arranged a 67,950-square-foot industrial lease for Elliott Electric Supply in the Houston suburb of Pasadena. The tenant, a distributor of electrical parts, will occupy space within the Carson Commerce Center development, which is located at 3700 Highway 225. Travis Land and Michael Keegan of NAI Houston represented Elliot Electric Supply in the lease negotiations, while Dan Zoch of The Carson Companies represented the landlord.
DALLAS — Henry S. Miller Brokerage has arranged the sale of a 16,000-square-foot industrial property in Dallas. The facility is located at 11551 Chairman Drive, in proximity to I-635. Henry S. Miller Brokerage represented the unnamed seller in the transaction. Nathan Denton of Lee & Associates represented the buyer, Trident Commercial Properties.
TOPEKA, KAN. — McCarthy Building Cos. Inc. has completed construction on a new 500,000-square-foot plant for Mars Chocolate North America in Topeka. The new facility will produce Snickers chocolate bars and M&M’s chocolate candies. The $270 million project includes $195 million in construction costs. McCarthy built the project in conjunction with MC Industrial Inc. Construction of the plant, located in the Kanza Fire Commerce Park on U.S. Highway 75 began in September 2011. The plant is the first new Mars Chocolate North America site in the country during the last 35 years and is McCarthy’s first completion of a Kansas project since 1991.