RARITAN, N.J. — Energy Battery Group, a national battery distributor, has signed a long-term lease for 72,937 square feet at 1200 Route 523 in Raritan. The space comprises 64,044 square feet of industrial space and 8,893 square feet of office space. With this lease, the 851,000-square-foot building is 90 percent occupied. Joe Nitti of Colliers International represented the landlord, Equity Industrial Flemington LLC, in the transaction. Jason Adams of Coldwell Banker Commercial Feist & Feist Realty Corp represented the tenant.
Industrial
SALEM, N.H. — Foxx Life Sciences has leased space at 6 Delaware Drive Crossing, a 20,700-square-foot industrial/flex building in Salem. The company will occupy 18,302 square feet at the property, which will allow it to relocate and expand its headquarters and operations. Foxx Life Sciences previously occupied space at 8E Industrial Way Suite 1 in Salem. Chris Healy of CBRE/New England represented the tenant in the transaction.
PLANO, TEXAS — Auto manufacturer Toyota will relocate its North American headquarters to a new campus in Plano. The new facility is estimated to total 1 million to 1.5 million square feet in the Legacy business park near the interchange of the Dallas North Tollway and State Highway 121. Several Toyota facilities nationwide — including the Toyota Motor Sales USA Inc. operation in Torrance, Calif., and the Toyota Engineering & Manufacturing North America Inc. in Erlanger, Ky. — will be consolidated at the new complex. A total of approximately 4,000 employees will be relocated, including those at Torrance-based Toyota Financial Services and certain employees at Toyota Motor North America in New York City, by the time the new campus is completed in late 2016 or early 2017. An expansion of the York Township, Mich.-based Toyota Technical Center and opening of the new Toyota Motor Manufacturing Kentucky in Georgetown, Ky., are also part of the transition. Paul Whitman, Brad Selner, Meredith O’Connor and Michael Sessa of JLL represented Toyota in the McKinney transaction.
HOUSTON — First Industrial Realty Trust Inc. has broken ground on the new 350,820-square-foot First Northwest Commerce Center in Houston’s Northwest submarket. The distribution facility, to be located on a 24-acre site off Beltway 8 at 4800 W. Greens Road, will be designed for either single- or multi-tenant use. The building will feature 32-foot clear heights, 130-foot truck courts, excess trailer storage and ESFR sprinklers. Construction is slated for completion as early as the fourth quarter of this year. The development team includes development consultant Davis Commercial Development LLC, general contractor Cadence McShane and architect Munson Kennedy Partnership. Billy Gold and David Adame of CBRE will lease the property.
ROUND ROCK, TEXAS — HFF has brokered the sale of a three-building, 275,499-square-foot industrial portfolio in the Austin suburb of Round Rock. The properties include 110, 116 and 120 E. Old Settlers Blvd., all located off I-35. Thermo Fisher Scientific, Total Site Solutions and Toshiba each fully occupy one of the facilities. HFF marketed the portfolio on behalf of the seller, a Boston-based institutional investor. Stoltz Cos., an owner/operator real estate investment company, purchased the assets free and clear of existing debt.
McKINNEY, TEXAS — Hisun Motors Corp., a China-based manufacturer of utility-terrain and all-terrain vehicles, will open its North American headquarters at a 163,502-square-foot facility in the Dallas/Fort Worth suburb of McKinney. The property, located at 310 E. University Drive, previously served as the regional headquarters of Emerson Process Management Regulator Technologies. McKinney Economic Development Corp. acquired the site in 2013 when Emerson opened its global corporate headquarters elsewhere in McKinney. Hisun, which is expected to bring 80 new jobs to McKinney, worked with the McKinney Economic Development Corp. for more than one year in finding a location.
POMONA, CALIF. – A 134,500-square-foot industrial facility in Pomona that is fully occupied by Hamilton Sundstrand has sold to a private investor from Orange County for $16 million. The facility is located at 2771 N. Garey Ave. The aerospace and defense contractor has owned and occupied the building since it was constructed in 1962. Hamilton Sundstrand is now a part of UTC Aerospace Systems, a division of United Technologies Corporation. The buyer was represented by Clyde Stauff of Colliers and Mike Hartel and Mike Bouma of Voit. A joint venture between Lincoln Property Company and Morgan Stanley Real Estate Fund was also represented by Colliers.
SAN DIEGO – A 36,936-square-foot industrial building in the Lusk Business Park in San Diego has sold to Western State Technologies for $6.3 million. The building is located at 10540 Heater Court. The seller, Moxie Partners LLC, was represented by Bryce and Brant Aberg of Cassidy Turley San Diego.
WARREN, MICH. — Colliers International has arranged the sale of a 25,156-square-foot industrial building in Warren. The property is located at 26067 Groesbeck Highway. The buyer is a supplier of water-based adhesives, coatings and solvents. Jack Williams of Colliers International represented the seller, Holman Holdings Inc., in the transaction.
SCHAUMBURG, ILL. — Lee & Associates has arranged the lease of a 76,097-square-foot manufacturing space in Schaumburg for Hi-Grade Welding & Manufacturing. The manufacturer of weldments and custom sheet fabrications will occupy space at 140 Commerce Drive. John Cassidy and Ken Franzese of Lee & Associates represented Hi-Grade Welding & Manufacturing in the transaction. Britt Casey and Chris Lydon of Cushman & Wakefield represented the landlord, IndCor Properties.