HOUSTON — HFF has brokered the sale of Interwood Business Center I and II, two industrial facilities totaling 200,086 square feet in Houston. Constructed in 1999, the properties are located at 14430-14440 John F. Kennedy Blvd. and 14469 Heathrow Forest Parkway within the Interwood Business Park, which is immediately south of the George Bush Intercontinental Airport between I-45 and U.S. Highway 59. Tenants include International Seal, Nippon Express, Goodman Distribution and Top Notch Solutions. Rusty Tamlyn and Trent Agnew of HFF represented the seller, KTR Capital Partners LLC, in the transaction. Stockbridge Real Estate Funds acquired the assets free and clear of existing debt.
Industrial
MILWAUKEE —The Dickman Co. Inc./CORFAC International has completed the sale of an 88,368-square-foot industrial building located at 7500 N. 81st St. in Milwaukee. Gordon Family LP sold the property to 7500 North 81st Street LLC. Samuel M. Dickman Jr., Samuel D. Dickman and Dave Hazenfield of The Dickman Co. Inc. arranged the sale. The purchase price was not disclosed.
KENOSHA, WIS. — Medtorque has leased a 20,600-square-foot industrial building located at 5601 95th Ave. in Kenosha, located about 38 miles south of Milwaukee. Mike Prost, Sergio Chapa and Jim Kettinger Jr. of Lee & Associates of Illinois LLC represented the building’s ownership, CenterPoint Properties, in the transaction.
HOUSTON — Clay Development has broken ground on a 120,000-square-foot industrial facility in Houston for Zimmermann & Jansen Inc., a valve manufacturer serving the steel, glass, refining and chemical industries. The property, which the tenant will use as its new headquarters, is located within Kennedy Greens Business Park in the East Aldine District. Travis Land and Michael Keegan of NAI Houston represented Zimmerman & Jansen, a subsidiary of IMI Severe Service, in the lease negotiations. The tenant will occupy the multi-crane-served, build-to-suit facility this summer.
IRVINE, CALIF. — Burke Real Estate Group has acquired a 44,800-square-foot industrial property in Irvine for an undisclosed sum. The property is located at 17392 Daimler Street. It has been vacant since Fidelity National Title left the property. Dan Vittone and Alan Pekarcik of Avison Young’s Irvine office represented both the buyer and seller, Pacific Systems, in this transaction. The pair worked alongside Sam Olmstead of Voit Real Estate Services.
TAMPA, FLA. — Atlanta-based Industrial Developments International (IDI) has signed HD Supply Facilities Maintenance Ltd., a maintenance and repairs product supplier, to a 229,308-square-foot lease. HD Supply will lease space in Madison Business Center, a Class A industrial park in Tampa. The property features 30-foot clear ceiling heights and trailer storage. The tenant will use the space as a distribution center for janitorial suppliers. Brian Rettig and Kevin Hoover of CBRE represented HD Supply in the transaction. Rick Narkiewicz, also with CBRE, represented IDI.
HOUSTON — NAI Houston has arranged a 46,250-square-foot industrial lease in Houston for KT Recovery & Storage LLC. The tilt-wall property, located at 1414 Sakowitz St., features 16-foot clear heights, four dock-high overhead doors and 4,500 square feet of office space. John Ferruzzo and Chris Kugle of NAI Houston represented the unnamed landlord in the negotiations. Greg Barra of Boyd Commercial represented the tenant.
BREA, CALIF. — Air Treatment Corp. has acquired a 45,500-square-foot industrial and manufacturing building in Brea for $5.5 million. The building is located at 640 N. Puente Street. Air Treatment will relocate its headquarters to the new building from nearby City of Industry. The space will house the firm’s corporate offices, manufacturing and distribution operations in Southern California. Air Treatment was represented by Andrew Herron of The Saywitz Company. The seller, John Higman, was represented by Seth Davenport of Voit Commercial.
WEST CHESTER, OHIO — Octal, a provider of polyethylene terephthalate (PET) resin and integrated PET sheet manufacturing, will occupy its first North American plant at 5399 East Provident Drive in West Chester. Cushman & Wakefield and Cincinnati Commercial Realtors represented Octal in the 130,720-square-foot office and warehouse lease negotiations. The site is located in an industrial park 20 miles north of Cincinnati, off interstate 75. Tenants in the park include Totes Isotoner and TradeGlobal. Dugan Financing LLC (Duke Realty) is the landlord. Mark Collins and Dean Collins of Cushman & Wakefield's Dallas-based tenant advisory group joined Josh Young and Si Pitstick of Cincinnati Commercial Realtors to broker the transaction for Octal. OCTAL’s products are used to package fresh food, beverages, pharmaceuticals, electrical goods and other consumer goods.
NORTH KANSAS CITY, MO. — Pizza Blends Inc. has leased 81,500 square feet of industrial space located at 1541 Vernon St. in North Kansas City. Ed Elder and Cameron Duff of Colliers International represented the tenant in the transaction. Joe and David LaMothe of Industrial Park Realty Co. Inc. represented the landlord, Mid-West Terminal Warehouse Co. Inc.