BURLESON, TEXAS — Bob Moore Construction has completed an 89,581-square-foot cold storage distribution center in Burleson, 11 miles southwest of Fort Worth. The distribution center is part of the new HighPoint Business Park and will serve Chicken Express, a Texas-based fried chicken restaurant chain founded in 1988. The building features tilt-up construction on three sides, with insulated metal panels for the fourth wall, and four interior partitions of the freezer and cold dock area. Chicken Express has 200 locations in Texas, Oklahoma, Georgia, Arkansas and Louisiana.
Industrial
OAK CREEK, WIS. — The Dickman Co. Inc./CORFAC International has arranged the lease of a 45,000-square-foot industrial building in Oak Creek, a suburb approximately 12 miles south of Milwaukee. Amiran Technologies will occupy space at 7221 S. 10th St. Samuel M. Dickman Jr. and Samuel D. Dickman of the Dickman Co. represented the landlord, Murphy Real Estate LLC. Travis Tiede and Adam Matson of NAI MLG Commercial represented the tenant.
KENNESAW AND ACWORTH, GA. — Lee & Associates has brokered two industrial leases totaling 207,000 square feet in the Northwest Atlanta submarket. Tommy Hiles and Billy Snowden of Lee & Associates represented the landlord of 2850 Barrett Lakes Blvd. in Kennesaw in the leasing of 150,000 square feet. Jack Haden and Mike Chambers of NAI Brannen Goddard represented the tenant, Atlanta Bonded Warehouse Corp. Hiles and Snowden also represented PrologicITS in the leasing of 57,000 square feet at 106 Northpoint Parkway in Acworth. The landlord, Majestic Realty Co., was represented internally by Will Lombard.
CLINTON TOWNSHIP, MICH. — Bernard Financial Group has arranged a $1.2 million loan for Icon Industrial, a 91,620-square-foot light industrial park consisting of 10 one-story buildings in Clinton Township. The property is situated on the west side of Groesbeck Highway, south of Hall Road. Neil Gorosh of Bernard Financial Group arranged the loan for the borrower, Icon Industrial Park Group LLC. The lender, Ameritas Life Insurance Corp., is a correspondent of Bernard Financial Group.
FORT LAUDERDALE, FLA. — CBRE has arranged the sale of Prospect Park IV, a 68,500-square-foot manufacturing and distribution facility located at 3600 N.W. 54th St. in Fort Lauderdale. KTR Capital Partners purchased the asset for an undisclosed price. Prospect Park IV features 16,171 square feet of corporate offices and a showroom, 26-foot ceiling heights, two dock-high doors, four grade-level doors, two van-high doors, a 110-foot truck court and fire sprinklers. Larry Genet, Harry Tangalakis and Tom O’Loughlin of CBRE represented KTR Capital Partners in the transaction.
ARLINGTON, TEXAS — Lee & Associates represented Surface Preparation Texas in a 13,334-square-foot industrial lease at 1200-1208 Ave. H in Arlington. Mark Graybill with Lee & Associates’ Dallas/Fort Worth office represented Surface Preparation Texas, a distributor of surface finishing materials. CB Richard Ellis represented the landlord, First Industrial Realty Trust.
INKSTER, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 16,145-square-foot industrial building in Inkster, approximately 20 miles southwest of Detroit. The property is located at 27016 Princeton St. Gable Properties sold the building to PLC Holdings LLC for an undisclosed sales price. Robert Frank of Friedman represented the seller in the transaction.
ROMEO, MICH. — L. Mason Capitani CORFAC International has arranged the lease of a 20,200-square-foot building in Romeo, approximately 40 miles north of Detroit. Takata Holdings Inc., an international research development corporation of safety technologies, has signed a three-year lease for the facility located at 111 Peyerk Court in the Romeo Business Park. Takata is expanding from its Armada engineering and testing facility. Joe DePonio and Jason Capitani of L. Mason Capitani represented the landlord, Kemp & Peyerk – Sterling LLC, in the transaction.
RIALTO, CALIF. — CapRock Partners has acquired two fully entitled land parcels in Rialto. The parcels are called CapRock Distribution Center I and II. The first parcel is located at the northeast corner of North Locust and West Bohnert. The second is located at the northwest corner of North Linden Avenue and West Casmalia Street. CapRock plans to build more than one million square feet of industrial space on the two sites this fall. The project will have direct access to the 210 Freeway. It’s also near the 10/15 Freeway interchange. CapRock also received $50 million in debt and equity financing that was facilitated by Chris Bramel and Paul Conzelman of Bridgeport Investments.
ALEDO, TEXAS — Marcus & Millichap has arranged the sale of a 6,000-square-foot, net-leased property occupied by Dr. Pepper – Snapple in Aledo, 20 miles west of Fort Worth. Chris Gainey and Philip Levy with Marcus & Millichap marketed the property on behalf of the seller, a private investor. Levy and Gainey also secured the buyer. The industrial building is located at 700 Bear Cat Road. The lease is a five-year, double-net lease with a corporate guarantee from American Bottling Co., a subsidiary of Dr. Pepper Snapple Bottling Group.