LEWISVILLE, TEXAS — Lee & Associates has brokered the sale of a 24,279-square-foot industrial building sale in the Dallas/Fort Worth suburb of Lewisville. The warehouse, originally constructed in 1985, is located at 1210 Metro Park Blvd. and features clear heights of 16 feet. Mark Graybill of Lee & Associates represented the buyer, Team Taylor Investments LLC. Dan Spika of Henry S. Miller Brokerage LLC represented the seller, Britestar Group Inc.
SAN MARCOS, TEXAS — L&M Supply, a provider of erosion control products, has chosen the San Antonio suburb of San Marcos as the home of its second Texas distribution center. The new 40,000-square-foot facility, located at 126 Texas Ave., will employ more than 20 local staff. L&M is based in Willacoochie, Ga. The Greater San Marcos Partnership assisted L&M in the site selection process.
HAYWARD, CALIF. — FBA Holdings, Inc., a subsidiary of Sears Holdings Corporation, has leased 64,800 square feet inside the Hayward Business Park. The new facility is located at 30803 Santana Street in Hayward. The company will use this new space to relocate its warehouse/distribution facility, which was previously based in Richmond. The company outgrew that 27,000-square-foot warehousing space. FBA was represented by Steve Miller of SiteLink International. The landlord, PS Business Parks, was represented by Greig Lagomarsino, and Rick Keely of Colliers International’s Oakland office.
NORTHBROOK, ILL. — Marcus & Millichap has arranged the $2.5 million sale of 1828-1908 Techny Court in Northbrook, a northern suburb of Chicago. Techny Court is a three-building, multi-tenant flex/industrial complex totaling 56,219 square feet. The property is currently 79 percent occupied with 11,686 square feet available for lease and staggered lease expiration schedules. Stephen Lieberman and Paul Tesdal, investment specialists at Marcus & Millichap’s Chicago office, marketed the property on behalf of the seller.
BOSTON — Jones Lang LaSalle has arranged the $20.7 million sale of an industrial property within Devens Industrial Park in Boston. Jones Lang LaSalle represented O’Reilly Auto Parts, one of the nation’s top auto parts suppliers, in the purchase of 15 Independence Drive from Hackman Capital Partners, Oak Tree Capital and Calare Properties. The Class A warehouse property spans 370,545 square feet and includes 30-foot clear heights and 57 loading docks. Rick Schuhwerk, executive vice president, Tony Coskren, vice president and Brian Pinch, associate at Jones Lang LaSalle, have executed 605,545 square feet of transactions in the Devens Industrial Park in the past three months.
SPRING, TEXAS — Monmouth Real Estate Investment Corp. has acquired a 114,923-square-foot industrial asset in Spring, a northern suburb of Houston, for $15.3 million. The building, net leased for 10 years by FedEx Ground Package System Inc., is located at 21200 Spring Plaza Drive on approximately 17 acres. The property is in close proximity to Interstate 45 and the site of Exxon Mobil’s new headquarters. Monmouth has now acquired five properties totaling more than 1.1 million square feet in the first quarter of fiscal 2014, which runs from Oct. 1, 2013 to Sept. 30, 2014.
DALLAS — Lee & Associates has brokered the sale of a 20,471-square-foot industrial property in Dallas. The warehouse facility, located at 2605 Northaven Road, was originally constructed in 1971 and features 20-foot clear heights. Nathan Denton of Lee & Associates represented the seller, McGray Group II LLC, in the transaction. Tracy Peterson of ReMax DFW represented the buyer, remediation and compliance services provider Environmental Logistics.
PHOENIX — Mountain Vista Commerce Center in Phoenix has sold to Aspen Capital Partners for $11.3 million. The three-building, 134,713-square-foot industrial complex is located at 14647 S. 50th Street. It was built in 1999 and was 93 percent leased at the time of sale. Dan Calihan, Pat Feeney, Joe Porter and Rusty Kennedy of CBRE’s Phoenix office represented both the buyer and the seller, BSP Mountain Vista LLC, in this transaction.
FAIRFIELD, CALIF. – A 60,000-square-foot warehouse/distribution facility in Fairfield has sold to DBI Properties for an undisclosed sum. The building is located at 2449 S. Watney Way. DBI Properties is the real estate entity of DBI Beverage, Inc., a national beer distributor. The company plans to use this location for distribution. It was represented by Tim Schmid and Trevor Buck of Cassidy Turley. The seller, Watney D&S, was represented by Matt Bracco, Glen Dowling and Chris Neeb of Cushman & Wakefield’s Marin/North Bay & Walnut Creek offices.
DES PLAINES, ILL. — Brennan Investment Group LLC and DLJ Real Estate Capital Partners LLC have acquired approximately eight acres at 1780 Birchwood Ave. in Des Plaines. The partnership plans to build the Northeast O'Hare Industrial Center, a 140,000-square-foot warehouse and distribution building that will feature 32-foot clear ceiling heights, at the site. The development is located near Interstates 90 and 294 in Chicago's O'Hare Industrial submarket. Jonathan Kohn and Thomas Rodeno of Colliers International have been retained to market the property on behalf of Brennan Investment Group and DLJ Real Estate Capital Partners. The project is slated for completion in the third quarter of 2014.