CARROLLTON, TEXAS — Lee & Associates has arranged an 11,200-square-foot lease for Dallas Label & Packaging in Carrollton, situated about 20 miles north of Dallas. The lease is for industrial space located at 2502-2510 Camp Avenue, which is in close proximity to the interchange of President George Bush Turnpike and Interstate 35. Nathan Denton of Lee & Associates represented the landlord, Marks Property Management, while Rosana Shekman of Dallas Prestige Realty represented the tenant.
COMMERCE, CALIF. — KTR Capital Partners has purchased a four-property industrial portfolio in Commerce for an undisclosed sum. The 254,000-square-foot portfolio is located along 61st and Randolph streets. The buildings are 85 percent leased to six tenants. The disposition was handled by Mike Sidney, Mike Foley, John McMillan, Jeff Sanita, Jeff Chiate and Jeff Cole of Cushman & Wakefield. The seller was Erwin & Essie Appel Trust.
SUWANEE, GA. — Dallas-based Lincoln Property Co. Southeast has closed on the sale of a two-building office/warehouse complex totaling 16,740 square feet in Suwanee, a suburb east of Atlanta. The property is located at 390 Brogdon Road. Lincoln Property was the court-appointed receiver for the property. Home South Communities, a residential home builder, purchased the property for $825,000. Denton Shamburger of Lincoln Property represented the owner and lender in the sale. The property was built in 2000 and includes private offices, two docks with oversized doors, conference rooms, break room and large work areas.
GREEN BAY, WIS. AND ROCHESTER, MINN. — Monmouth Real Estate Investment Corp. has acquired two industrial buildings in Green Bay, Wis., and Rochester, Minn., in separate transactions for a combined total of $11.9 million. The 99,102-square-foot industrial building at 3383 Spirit Way in Green Bay was purchased for $6.6 million. The 60,398-square-foot industrial building located at Schumann Drive in Rochester was acquired for $5.3 million. Both properties are net-leased for 10 years to FedEx Ground Package System Inc.
HOUSTON — Cushman & Wakefield has arranged leases for Cameron International Corp. and Produced Water Absorbents Inc. (PWA) at Northwest Place Industrial Park, located in Houston’s Northwest submarket. Cameron will occupy the 22,942-square-foot flex building located at 6511 West Little York Road, and PWA will occupy the 18,000-square-foot flex building at 6795 Bingle Road. The complex, a project of full-service real estate company Levey Group, comprises five buildings: the two just leased, one previously leased and two that are still being constructed.
COMMERCE, CALIF. — KTR Capital Partners has purchased a four-property industrial portfolio in Commerce for an undisclosed sum. The 254,000-square-foot portfolio is located along 61st and Randolph streets. The buildings are 85 percent leased to six tenants. The disposition was handled by Mike Sidney, Mike Foley, John McMillan, Jeff Sanita, Jeff Chiate and Jeff Cole of Cushman & Wakefield. The seller was Erwin & Essie Appel Trust.
NASHVILLE, TENN. — Cushman & Wakefield | Cornerstone's capital markets group has arranged the $6 million sale of three distribution centers in Nashville. Atlanta-based Johnson Hailey Investments purchased the facilities from ProLogis-Nashville. The properties total 174,600 square feet and are located at 1416 and 1418 Antioch Pike and 1914-1919 Elm Tree Drive.
FRANKLIN, MASS. — Richards Barry Joyce & Partners LLC (RBJ&P) has brokered the sale of two industrial buildings in Franklin, located about 40 miles south of Boston. Novaya Real Estate Ventures purchased the two buildings, which are fully leased and located at 176 Grove St. and 130 Constitution Blvd. Williams-Sonoma Direct and Spirit Delivery & Distribution Services occupy the 169,968–square-foot building at 176 Grove St. Clark Cutler McDermott occupies the 59,970-square-foot building at 130 Constitution Blvd. John Lashar, partner, and Chris Skeffington, senior vice president at RBJ&P, represented the seller and procured the buyer in the transaction. RBJ&P has been retained as exclusive leasing agent for both buildings.
HALTOM CITY, TEXAS — Lee & Associates has arranged a 79,950-square-foot industrial lease for Woods Distribution Solutions LLC in Haltom City, a suburb 8 miles north of Fort Worth. The property is a freestanding warehouse facility located at 4233 Janada St. Becky Thompson of Lee & Associates represented the tenant in the negotiations. Bob Kent of Structure Commercial represented the landlord, Talley Rents LLC.
ATLANTA — Dallas-based Westmount Realty Capital has purchased eight industrial assets in and around Atlanta, totaling nearly 900,000 square feet. The properties are located near I-285 and vary in type, from flex to distribution. The properties are located at 2600/2650 Pleasantdale Road; 4300 Bankers Circle; 2732/2750 S. Cobb Industrial Blvd.; 4490/4492 Commerce Circle; 650 Selig Drive; 3495 Donald Lee Hollowell Parkway; and 3770 and 3735 Zip Industrial Blvd. The properties are around 90 percent leased, according to Westmount. Wilson, Hull & Neal has been retained to lease the properties, and Westmount will provide property management services.