HOUSTON — Coldwell Banker Commercial United Realtors has brokered the sale of a 20,050-square-foot showroom/warehouse building in Houston. The property is located at 10640 S. Sam Houston Parkway W., providing for easy access to U.S. Highway 59. Features include 18-foot clear height ceilings, a dock-high loading door and three grade-level doors. Vince Elder and Robert Capps of Coldwell Banker Commercial United Realtors represented the seller, B.O.C. LLP. Payton Indermuehle of Indermuehle & Co. represented the buyer, Shah Holdings LLC.
GARDEN GROVE, CALIF. – An affiliate of CT Realty Investorshas acquired a 210,000-square-foot industrial building in Garden Grove for $26 million. The facility is located at 12131 Western Ave. within the master-planned Garden Grove Business Center. It is fully leased to direct marketing company Money Mailer LLC. This is CT’s ninth industrial acquisition this year. The company represented itself in this transaction, while the unnamed seller was represented by Michael Hartel and Mike Bouma of Voit’s Irvine office.
AUGUSTA, GA. — Transwestern has brokered Bennett Distribution Services LLC's 237,500-square-foot lease renewal at 922 Molly Pond Road in Augusta. The tenant is an affiliate of McDonough, Ga.-based Bennett International Group LLC and operates more than 1.1 million square feet of warehouse/distribution space in Augusta. Buddy Hill of Transwestern represented the tenant in the lease deal. Scott Atkins of Meybohm Commercial Properties represented the landlord.
ROMULUS, MICH. — Signature Associates has arranged the lease of 33,440 square feet of industrial space located at 29149-29165 Airport Drive in Romulus, a southwest suburb of Detroit. Brad Viergever and Mark Hamway of Signature Associates represented the landlord, First Industrial Realty Trust. Viergever also represented the tenant, Guardian Industries Corp., a manufacturer of automotive and building glass products.
CARROLLTON, TEXAS — Myers Commercial has brokered the sale of a 54,494-square-foot industrial building in Carrollton, approximately 10 miles from DFW International Airport. Located at 1840 Hutton Drive, the facility is in close proximity to Interstate 35 and the Bush Turnpike. Colormark fully occupies the space, which features bay depths of 70 and 80 feet, grade-level rear doors and 20-foot clear height ceilings. Bob Myers of Myers Commercial represented the buyer, while seller First Industrial Property Trust was internally represented by Royal Pratt III.
HOUSTON — NAI Houston has arranged the lease of a 99,965-square-foot industrial building in northwest Houston. The warehouse facility, part of Silber Road Business Center II, is located at 1246 Silber Road. Office furniture company Jimenez Contract Services LLC will use the space as a distribution center. Jon Michael and Ed Bane of NAI represented the landlord in the negotiations. Bob Berry and Jeff Venghaus of Jones Lang LaSalle represented the tenant.
GARDEN GROVE, CALIF. – An affiliate of CT Realty Investorshas acquired a 210,000-square-foot industrial building in Garden Grove for $26 million. The facility is located at 12131 Western Ave. within the master-planned Garden Grove Business Center. It is fully leased to direct marketing company Money Mailer LLC. This is CT’s ninth industrial acquisition this year. The company represented itself in this transaction, while the unnamed seller was represented by Michael Hartel and Mike Bouma of Voit’s Irvine office.
ITASCA, ILL. — ARC Property Investment LLC has purchased a 40,134-square-foot flex building located at 150 Spring Lake Drive in Itasca, a western suburb of Chicago, for $2.3 million. Jeff Janda and Jim Planey, both principals, and Mike Plumb, senior vice president at Lee & Associates of Illinois LLC, represented the seller, Spring Lake Partners. Joe Karmin of Newmark Knight Frank Epic, represented the buyer in the transaction.
HOUSTON — Private real estate investment firm Brennan Investment Group LLC has acquired approximately 11 acres of land in northern Houston for the speculative construction of three crane-ready flex buildings totaling 110,000 square feet. The facilities are designed to meet the needs of manufacturing, assembly or distribution companies. Located near the interchange of I-45 and FM-1960, the site is in close proximity to the new ExxonMobil headquarters campus project. Brennan chairman and co-founder Michael Brennan cited 16 consecutive quarters of positive absorption and a 92.5 percent occupancy rate as the firm’s basis for moving forward with the development.
WASHINGTON, D.C. — NAI KLNB has arranged the $8.8 million sale of a 160,000-square-foot industrial building, located at 6501-5427 Chillum Place N.W. in Washington, D.C. The multi-tenanted building, constructed in 1961, is located near the intersection of Kansas Avenue and Blair Road. The property’s tenants include the United States Postal Service and Gelberg Signs. An affiliate of Spectrum Partners LLC purchased the property from 6500 Chillum Associates LP. Chris Kubler of NAI KLNB brokered the transaction.