MESQUITE, TEXAS — NAI Robert Lynn has arranged a 189,492-square-foot lease of office/warehouse space for Senox Corp. in the western Dallas suburb of Mesquite. The tenant, a manufacturer of roof accessories such as gutters, will occupy the entire facility, which is located at 227 S. Town East Blvd. Stephen Cooper and Mark Miller of NAI Robert Lynn represented the tenant in the negotiations, while David Lachoff of Newmark Grubb Knight Frank represented the landlord.
Industrial
IRVING, TEXAS — The Richland Companies has leased 34,056 square feet of flex space in Irving to Flowserve Corp., a manufacturer of pumps, valves and seals for the energy and chemical industries. The facility, located at 4343 W. Royal Lane in the Las Colinas submarket, serves multiple tenants with a total footprint of 80,500 square feet. Jon Altschuler of Altschuler & Co. represented the landlord, The Richland Companies. Kelly Kackley of Jones Lang LaSalle represented the tenant.
SUNNVALE, SANTA CLARA, CALIF. — Invesco Real Estate has acquired the Central Silicon Valley Industrial Portfolio for an undisclosed sum. The portfolio contains four Class A warehouse and manufacturing buildings totaling 312,110 square feet in Sunnyvale and Santa Clara. The acquisition includes 2940-2990 Mead Ave., 2855-2865 Uranium Drive and 3000-3008 Kifer Road in Santa Clara, as well as 123-127 Uranium Drive in Sunnyvale. The two multi-suite manufacturing buildings and two distribution warehouse buildings are situated on the border of Santa Clara and Sunnyvale. They are located one block from Bowers Avenue near the Lawrence Expressway. All four fully leased buildings have direct access to US Highway 101, the Central Expressway and Interstate 280. The seller, AEW Capital Management, was represented by CBRE’s Joseph Moriarty, Russell Ingrum, Sean Sullivan, Tyler Meyerdirk, Darla Longo, Barbara Emmons, Rebecca Perlmutter and Brian Matteoni. AEW sold the property on behalf of an institutional client.
SAN MARCOS, TEXAS — Automotive thermoform supplier Corvac Composites LLC has leased a 100,000-square-foot industrial building in the San Antonio suburb of San Marcos for its new manufacturing facility. The property, previously the home of American Tire, is located at 2350 Clovis Barker Road. Corvac, which is headquartered in Byron Center, Mich., will begin retrofitting the building in January 2014 and will create more than 30 jobs with the March opening of this new location. The Greater San Marcos Partnership, the City of San Marcos and Hays County worked together to provide the company with an incentive package totaling $189,000.
GARLAND, TEXAS — Henry S. Miller Brokerage has arranged the sale of a 17,000-square-foot industrial building in the northeast Dallas suburb of Garland. Located at 1410 N. First St., the facility is in close proximity to the Bush Turnpike and Lavon Drive. Dan Spika of Henry S. Miller represented the seller, Altronic LLC, a manufacturer of ignition and control systems for industrial engines. Chris Stout of Jones Lang LaSalle represented the buyer, A-1 Powder Coat. The painting, powdering and sandblasting company will occupy the property by the end of the year and operate it as its Dallas headquarters.
RALEIGH, N.C. — Meridian Development Group, in a joint venture with Singerman Realty Estate LLC, acquired a 235,404-square-foot industrial property at 3401 Gresham Lake Road in north Raleigh. The new ownership plans to extensively renovate the property into a Class facility known as North 540 Distribution Center. Chris Norvell and Jackson Rives of Cushman & Wakefield | Thalhimer are handling the property’s marketing and leasing responsibilities.
KANSAS CITY, MO. — ThyssenKrupp Materials NA Inc. has signed a 52,862-square-foot lease renewal in Kansas City. The Southfield, Mich.-based provider of production materials will occupy space at an industrial building located at 6100 Stilwell Ave. Tom Haverty of Colliers International represented ThyssenKrupp Materials in the transaction. Zach Hubbard of Block Real Estate Services represented the landlord, CRP-3 6100 Stillwell LLC.
FORT WORTH, TEXAS — SkyWalker Property Partners has acquired a 138,000-square-foot, two-building office/warehouse complex in Fort Worth on behalf of Hangover Opportunity Fund LLC. May Group International, a manufacturer of aluminum gasoline price signs, holds a triple-net lease on the facilities, which are located at 1200 Forum Way S. in Carter Industrial Park. RR May Landholdings LLC sold the asset. Theron Bryant of SCM Real Estate Services brokered the transaction.
GRAND PRAIRIE, TEXAS — Bradford Commercial has brokered the sale of a 92,500-square-foot warehouse in the northeast Dallas suburb of Grand Prairie. The fully occupied facility, located in the Great Southwest industrial district at 1170 109th St., was renovated in 2009. Michael Spain and Jim Ferris of Bradford previously arranged a long-term lease of the building to Northwest Sign Industries. The pair also represented the seller, a California-based limited liability company, in the sale of the property. Lissa Cooke of Cooke Swaney & Cooke represented the buyer, an out-of-state partnership.
SANFORD, FLA. — NAI Realvest has arranged the $3 million sale of a 242,000-square-foot warehouse and distribution facility at 1201 Cornwall Road in Sanford. George Livingston, Christie Alexander, Drew Saphos and Paul Vera of NAI Realvest represented the seller, Columbus, Ohio-based Lake Mary Industrial Partners LLC. Colliers International represented the buyer, 1201 Cornwall LLC.