HOUSTON — NAI Houston has arranged the sale of a 22,000-square-foot industrial building located at 10531 Fisher Road in Houston’s Northwest submarket. The building is situated on 3.3 acres of land. Chris Caudill of NAI Houston represented the buyer, Greystone Alloys. Jim Copper of Cypressbrook Co. represented the seller, JKM Fisher Properties Ltd., in the sale of the property.
Industrial
ONTARIO, CALIF. — Rexford Industrial Realty has acquired Dupont Business Center, a 110,890-square-foot industrial complex in Ontario, for $10.2 million. The two-building facility is situated on 5.7 acres within a Foreign Trade Zone near Ontario Airport in the Inland Empire West submarket. This region boasts 250.8 million square feet of industrial space. Dupont is fully occupied by five tenants. Rexford plans to divide the larger space over time to accommodate more tenants. The transaction was executed by JLL’s Bo Mills, Mark Detmer, Peter McWilliams, Mike McCrary, Ruben Goodsell, Jeff Bellitti and Nicole Welch.
TALLASSEE, ALA. — Westwood Net Lease Advisor represented Buckingham Properties REIT, a private trust based in Rochester, N.Y., in its $7.4 million purchase of an automotive parts manufacturing facility in Tallassee. Jason Benton, a local business owner, sold the 100,000-square-foot property, which is located at 50 Hanil Drive. The facility is currently leased to Hanil USA Inc., a brake, fuel and power steering tube supplier. Vince Vatterott of Westwood Net Lease Advisor represented Buckingham Properties REIT in the transaction.
POMPANO BEACH, FLA. — TM Windows LLC has leased an entire 124,894-square-foot industrial facility in Pompano Beach for warehouse, manufacturing and showroom space. The property is located at 1543 N. Powerline Road in the three-building Superior Commerce Park development. Michael Crissy of Stiles Realty represented the aluminum window and door manufacturer in its 10-year lease transaction. Michael Scarpino and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the unnamed landlord.
SHELBY TOWNSHIP, MICH. — Colliers International has arranged the lease of a 10,000-square-foot industrial building in Shelby Township, a suburb of Troy. The property is located at 14125 Industrial Center Drive. Dun Right/Quality Control Production Coatings Inc. will use the space for its day-to-day operation of metal refinishing and treatment of powder coat. Barry Landau of Colliers International represented the tenant in the transaction. The landlord was undisclosed.
SEGUIN, TEXAS — Rockspring Capital has acquired a 121-acre industrial site in Seguin, a submarket of San Antonio. The parcel is situated between a Caterpillar engine plant and supplier facility, and is located off I-10 E, east of San Antonio and south of New Braunfels. The purchase was Rockspring’s third of 2014, following the acquisition of a 7.6-acre site in San Antonio and a 22.5-acre property in Austin.
SAN DIEGO — Solana Enterprises has acquired an 83,335-square-foot industrial building in San Diego for $7.9 million. The building is located at 7455-7465 Carroll Road. It is fully leased to Rhino Linings and Westside Building Supplies. Bryce Aberg, Brant Aberg and Ryan Spradling of Cassidy Turley’s San Diego office represented both the buyer and seller, Drake West LLC, in this transaction.
FOREST PARK, GA. — A joint venture between Dallas-based Sealy & Co. and AEW Capital Management has purchased a 242,000-square-foot industrial park in metro Atlanta. The asset is located in Forest Park in the Airport/North Clayton submarket, Atlanta’s largest industrial submarket. AEW Capital Management previously owned the property on behalf of AEW Partners VII LP.
EL PASO, TEXAS — CBRE has sold the 10/375 Industrial Portfolio, which totals nearly 1.1 million square feet. IndCor Properties purchased the assets for an undisclosed sum. The CBRE National Partners team of Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni, along with Anthony Mash of CBRE in El Paso, represented an institutional seller. The 10/375 Industrial Portfolio includes seven Class A bulk distribution buildings that are 83 percent occupied. Tenants include ProTrans International Inc., Electrical Components International and Handgards Inc. CBRE retains the leasing and property management assignments for the assets.
FREMONT, CALIF. — Toyota Tsusho America (TAI) has signed a five-year lease for 64,396 square feet in Fremont. The industrial property is located at 41470-41490 Boyce Road. TAI is currently located at the Tesla Motors production facility. The vehicle development, production systems and engineering services provider needed to relocate due to Tesla’s expansion of its Model X and Model E production lines. TAI was represented by Craig Leiker and James Viso of Kidder Mathews. The landlord is Prologis.