HOUSTON — NAI Houston has arranged a 29,306-square-foot warehouse lease in Houston’s South Inner Loop submarket for Rud and Pickarts Marketing Co. Located at 6006 Griggs Road, the facility is in close proximity to the interchange of I-610 and I-45. The tenant is a provider of marketing services for manufacturers of industrial, retail and food packaging and food service and janitorial supplies. Darren O’Conor of NAI Houston represented Rud and Pickarts in the negotiations. Matteson Hamilton and Jeremy Lumbreras of Stream Realty Partners represented the unnamed landlord.
Industrial
ONTARIO, CALIF. – A major pet foods company has signed a 15-year lease for a 108,703-square-foot manufacturing and distribution building in Ontario. The lease is valued at $5.8 million. It is located at 2400 E. Francis Street next to Ontario International Airport. The pet foods company was represented by John Pomer of Newmark Grubb Knight & Frank. The landlord, Hager Pacific Properties, was represented by Mark Zorn and Tal Siglar of Colliers’ Ontario office.
LANDOVER, MD. — Capital Advisors has arranged $23.4 million in acquisition financing for The Library of Congress Annex, a 216,000-square-foot specialized industrial facility located at 1701 Brightseat Road in Landover, just outside Washington, D.C. The Library of Congress uses the facility to store rare books, valuable historical documents and archival records. Cooper Willis of Capital Advisors’ Charlotte, N.C., office arranged the 10-year loan with a 30-year amortization schedule through a CMBS lender. The loan features 24 months of interest-only payments.
WEST PALM BEACH, FLA. — Avison Young has arranged the sale of a 34,500-square-foot industrial property, located at 1711 Upland Road in West Palm Beach. Flagler Systems Management Inc. purchased the asset for $2.1 million. The property is located blocks away from Palm Beach International Airport. Michael Walters of Avison Young represented the seller, Claire Harrington, in the transaction.
ALPHARETTA, GA. — KBS REIT has signed Toyota Motor Sales U.S.A. Inc. to a 33,224-square-foot lease renewal at Great Oaks Center, part of a 157,902-square-foot office park in Alpharetta, a northern suburb of Atlanta. Jeff Keppen and Elliott Grand of CBRE represented KBS REIT in the transaction. Gary Waddell and Laura Stephens of Cushman & Wakefield represented Toyota Motor Sales. Lexus, a division of Toyota Motor Sales, will occupy the space.
EDISON, N.J. — Sitar Realty Co. has arranged the $22.4 million sale of a 332,000-square-foot industrial building in Edison. NJND Brunswick Avenue LLC sold the property, located at 45 Brunswick Ave., to 45 Brunswick Ave LLC. Thomas Monte and William Sitar of Sitar Realty Co. represented the buyer in the transaction.
NORTH QUINCY, MASS. — G-Force Shipping has signed a 17,500-square-foot lease at Heritage Landing in Quincy, a southern suburb of Boston. The third-party logistics company plans to move into the new space by May 1. Heritage Landing is a Class A office complex including two buildings totaling 358,000 square feet. Campanelli has now signed almost 40,000 square feet of new leases since purchasing Heritage Landing in June 2013. In collaboration with Peter Brown of Campanelli, the Cushman & Wakefield team of Mike Frisoli, Matt Morgan, Dave Martel and Jason Roth serve as the leasing agents for the property.
KNIGHTSTOWN, IND. — The Indianapolis office of CBRE has arranged the sale of the former 56,640-square-foot Spectra Premium facility in Knightstown, located about 38 miles east of Indianapolis. The free-standing facility is situated on a five-acre site and features immediate access to I-70. Mark Writt and Tom Cooler of CBRE represented the seller, Spectra Premium, in the transaction. The buyer, Hay-Flex, is currently located in New Castle, Ind., and purchased the facility to expand its operations in Central Indiana. The warehouse is located at 8774 S. State Road 109.
ELGIN AND SOUTH HOLLAND, ILL. — Midwest Industrial Funds has purchased 182,000 square feet of industrial space in suburban Chicago. The first transaction involved a two-building portfolio that was 90 percent leased to three tenants located at 1355 W. McLean and 1485-1495 Davis Road in Elgin. Vern Schultz and Brian Kling of Colliers International represented the seller in the transaction. The second transaction featured a 95,000-square-foot, two-tenant building located at 17005-17045 S. Wallace in South Holland. Walter Murphy of Lee & Associates represented the seller in the transaction.
FONTANA, CALIF. — Intsel Steel West, LLC, has purchased a 50,000-square-foot distribution facility in Fontana. The purchase price was not disclosed. The facility is located at 13338 Napa Street. Intsel will use the facility to warehouse, store, and distribute structural steel purchased in bulk to redistribute to fabricators and end-users. This will be the company’s first distribution facility in California, though Intsel did have an office in Lake Forest. Intsel is a wholly owned subsidiary of Triple-S Steel Holdings, Inc.