EL SEGUNDO, CALIF. – A 39,306-square-foot industrial warehouse in El Segundo has sold to 291 Coral Circle Partners LLC for $7.3 million. The building is located at 291 Coral Circle. The LLC plans to convert the building into afood assembly and packaging plant for its company, Chef'd. The buyer was represented by Cardinal Investments.The seller, Hoffman Associates, was represented by JLL’s Luke Staubitz, Harvey Beesen and Andrew Dilfer.
Industrial
FORT WORTH — Streamline Packaging Solutions LP has renewed its lease of a a 92,098-square-foot building in the SCG River Park Business Center in the Upper Great Southwest Industrial District. The 500,728-square-foot business center is 95 percent leased. Streamline has been a tenant for five years in Building B, which is fully leased. Blake Anderson and David Eseke of Cassidy Turley represented the tenant.
DORAL, FLA. — Miller Construction Co. is building a $10.9 million, 218,000-square-foot complex at 8301-8303 N.W. 27th St. in Doral, a suburb of Miami. The industrial property, known as the Transal Logistic Center, will feature 30-foot clear heights, T5 lighting and a central 180-foot truck court. The property will be comprised of a 110,600-square-foot building A and a 107,400-square-foot building B, which will both wrap around the central truck court. The developer, KVRG Developers, is expected to deliver the property in the fourth quarter of this year. The project team includes architect RLC Architects and leasing agent Fairchild Partners.
HOUSTON — Levey Group and TriStar Glass Products have executed an earnest money contract for a design-build facility on more than five acres of land inside IAH Business Park. The development will include a 66,000-square-foot facility featuring a 4,000 amp electrical service, drive-through site plan configuration and additional land for future expansion. The property is adjacent to Bush Intercontinental Airport along Aldine Westfield Road. Nick Peterson and John Ferruzzo of NAI Houston represented Levey Group in the transaction. Blake Anderson and David Eseke of Cassidy Turley’s Dallas office represented TriStar.
LA PORTE, TEXAS — Marcus & Millichap has arranged the sale of La Porte Office Warehouse, an 18,000-square-foot industrial property in La Porte. Alex Bouchard of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, a private investor. La Porte Office Warehouse is located at 930 S. 14th St. in La Porte.
SUFFERN, N.Y. — Meridian Capital Group has arranged a $65 million loan for the purchase of an industrial property in Suffern. The borrower is Raymour & Flanigan, a premier furniture and home design store. Located at 30 Dunnigan Dr., the industrial warehouse totals 871,600 square feet. Raymour & Flanigan and Par Pharmaceutical occupy the property. The 10-year loan, which was provided by CMBS lender, features a 4.57 percent fixed-rate and a 25-year amortization schedule. Ari Adlerstein and Ari Dobkin of Meridian Capital’s New York City headquarters negotiated the transaction.
OTSEGO, MINN. — Duke Realty has arranged a long-term lease with Blu Dot for the development of a 150,064-square-foot, build-to-suit bulk warehouse in Otsego. The designer and distributor of modern home furnishings will occupy space on nearly eight acres in the Gateway North Business Center. Neil Kolatkar and Dan Swartz of CBRE represented Blu Dot in the transaction. Josh Budish of Duke Realty’s Minneapolis-St. Paul office represented the firm.
HOUSTON — JLM Commercial Advisors Inc. has arranged the sale of a 140,110-square-foot office/warehouse building on 25 acres at 5750 Brittmoore Road in Houston. Lane Guinn of JLM represented the seller, Goya Foods Inc. The buyer was CHI Tanner LP. Goya Foods formerly used the property as a plant and distribution facility. Plans for future use of the building were not released.
MILWAUKEE — The Dickman Company, Inc./CORFAC International has arranged the sale of an 8,186-square-foot industrial building in Milwaukee. The property is located at 1036-1038 W. National Ave. Palko Energies LLC purchased the building from the city of Milwaukee. Zach Noble of the Dickman Co. represented the seller and the buyer in the transaction.
MUNSTER, IND. — Paine/Wetzel TCN Worldwide has arranged the lease of a 56,800-square-foot space at 9200 Calumet Ave. in Munster. AM Manufacturing Co. will occupy space in the Munster Lake Business Center. AM Manufacturing makes equipment for the pizza, tortilla, bagel and baking industries. The company is expanding its facilities and relocating from Dolton, Ill. Ed Wabick of Paine/Wetzel TCN Worldwide arranged the lease for the landlord, Munster Development LLC.