MAYODAN, N.C. — Firearms maker Sturm, Ruger & Co. has announced plans to build a new manufacturing facility in Mayodan, located approximately 50 miles north of the Triad area. Sturm, Ruger & Co. will finalize plans for the 220,000-square-foot facility in August. It currently operates manufacturing facilities in Newport, N.H., and Prescott, Ariz. The new plant represents the company’s first major expansion in more than 25 years.
CARSON, CALIF. — Brentwood Originals has leased a 150,000-square-foot warehousing and distribution facility at the Prologis South Bay Distribution Center in Carson. The six-year lease is valued at more than $5.6 million. The space is located at 20642 S. Fordyce Ave. The home lifestyle importer, manufacturer and retail distributor was represented by Steve Calhoun and Dave Drummond of Colliers’ South Bay office. Prologis was represented by CBRE.
BLYTHEWOOD, S.C. — Colliers International has arranged the sale of the former Lamson & Sessions building located at 1091 Carolina Pines Drive in Blythewood. Vacant since 2011, the 350,000-square-foot building was purchased by Intertape Polymer Group, which plans to relocate and expand its Columbia operations into the Class A property. Chuck Salley and Dave Mathews of Colliers represented the seller, PCO Carolina Pines LP. The purchase price was not disclosed.
CARSON, CALIF. — Brentwood Originals has leased a 150,000-square-foot warehousing and distribution facility at the Prologis South Bay Distribution Center in Carson. The six-year lease is valued at more than $5.6 million. The space is located at 20642 S. Fordyce Ave. The home lifestyle importer, manufacturer and retail distributor was represented by Steve Calhoun and Dave Drummond of Colliers’ South Bay office. Prologis was represented by CBRE.
COLUMBUS, OHIO — Privately held real estate investment firm Hackman Capital Partners LLC has acquired a 28-building industrial portfolio totaling 2.5 million square feet. The portfolio includes multi-tenant buildings throughout Ohio. Five of the properties are located in Columbus totaling 611,578 square feet, and 16 properties are located in Cleveland totaling 1.5 million square feet. The remaining seven properties are located in Cincinnati and total 394,072 square feet. Two land parcels in Columbus, totaling 23.5 acres, are also included in the portfolio. The multi-tenant buildings include 108 tenant spaces ranging from 2,400 to 219,600 square feet. As of closing, 73 percent of the space is occupied. Deutsche Bank provided first mortgage financing in connection with the transaction, and affiliates of New York-based Square Mile Capital Management LLC supplied an additional $25 million of capital. In addition to Hackman Capital’s internal team, the company has retained leasing agents for the new Ohio portfolio from Jones Lang LaSalle, CBRE, Newmark Grubb Knight Frank, RG Boll and Colliers International. Hackman Capital also retained Colliers International as property managers of the portfolio.
PERRIS, CALIF. – Sares-Regis is set to break ground on the SRG Perris Logistics Center, a 580,000-square-foot distribution in Perris. The Class A distribution building will be located at 3900 Indian Ave.near the former March Air Force Base. The $40-million project will be situated on 28.8 acres in a prime distribution corridor that contains major consumer brands and retailers, including Whirlpool, Hanesbrands Inc., Home Depot, Lowe’s and Ross.Construction will begin this summer. It should be complete by the end of the year. The center will built to LEED specifications. It is being marketed by Thomas Taylor, Steve Bellitti and Summer Colter of Colliers International. This team also represented both SRG and the land’s seller, Ridge Realty, in the land transaction.
NEW YORK CITY — Gramercy Property Trust Inc. has closed on four acquisitions in Dallas, southern New Jersey, Houston and Orlando, Fla., for approximately $82 million combined. The properties include a wholesale automotive auction facility located in Hutchins in the Dallas MSA and a cross-dock truck terminal in Houston. Gramercy purchased the auction facility for approximately $58.5 million, which includes the assumption of a $26.3 million first mortgage that is co-terminus with the lease. The property is fully leased through June 2029. Gramercy purchased the Houston terminal, which has 189 dock doors, and the Orlando terminal for a combined $12 million. The Houston terminal is leased through May 2019. Gramercy purchased the industrial freezer/cooler facility for approximately $11.8 million.
PERRIS, CALIF. – Sares-Regis is set to break ground on the SRG Perris Logistics Center, a 580,000-square-foot distribution in Perris. The Class A distribution building will be located at 3900 Indian Ave.near the former March Air Force Base. The $40-million project will be situated on 28.8 acres in a prime distribution corridor that contains major consumer brands and retailers, including Whirlpool, Hanesbrands Inc., Home Depot, Lowe’s and Ross. Construction will begin this summer. It should be complete by the end of the year. The center will built to LEED specifications. It is being marketed by Thomas Taylor, Steve Bellitti and Summer Colter of Colliers International. This team also represented both SRG and the land’s seller, Ridge Realty, in the land transaction.
SAN DIEGO – An 8,000-square-foot building in San Diego has sold to Field Ironworkers Apprenticeship & Training Program for $2.5 million. It is located at 3888 Beech Street. The buyer plans to use the property as a training facility. Field Ironworkers was represented by James Duncan of Cushman & Wakefield. The seller, iStar Busco, was represented by Linda Greenberg of Lee & Associates in this all-cash transaction.
CYPRESS, CALIF. — Hybrid Promotions LLC has signed a five-year lease for 331,376 square feet at Cypress Technology Center. The lease is valued at about $6 million. The 173,990-square-foot industrial building is located at 5757 Plaza Drive in Cypress. The new lease has brought the building to full capacity. Hybrid Promotions was represented by CBRE’s John Privett, Steve Youngand Cameron Merrill. The landlord, Deutsche Asset & Wealth Management, was represented by Rick McGeagh, Bob Goodmansonand Dave Desper, also of CBRE.