PHOENIX — Valley Pallet has leased a 42,000-square-foot building inside the Buckeye Industrial Center II in Phoenix. The center is located at 5707 W. Buckeye Road. The pallet manufacturing and recycling company was represented by Greg Dodge of Cassidy Turley Arizona’s Industrial Group. The landlord, DF Properties, was represented by Andy Cloud of the same group.
GLENDORA, CALIF. – A 41,000-square-foot industrial building in Glendora has sold to R & H Investments for $4.2 million. It is located at 1332 S. Lone Hill Ave. The seller, Levine JA Spousal Access Trust, was represented by Rusty Williams and Chris Roth of Lee & Associates-North San Diego County and Chris Bonney of Lee & Associates-City of Industry.
MORRISVILLE, N.C. — CEVA, a logistics company, has signed a lease for 102,381-square-foot of space at Globe Center, a Class A industrial park in Morrisville. Globe Center is a master-planned park composed of eight uniformly designed buildings, located adjacent to the Raleigh-Durham International Airport and I-540. Ann Stewart Patterson and Butch Miller of CBRE|Raleigh and Deborah Royale and Daniela Neukam of CBRE represented the tenant in the transaction. Craig Davis Properties represented the landlord.
NEW YORK CITY — Hudson Realty Capital LLC has funded a $17 million first mortgage loan secured by a three-story, vacant industrial loft building in the DUMBO (Down Under the Manhattan Bridge Overpass) section of Brooklyn. In addition to utilizing loan proceeds to acquire the 81,805-square-foot building and establish reserves, the undisclosed borrower has also secured a $2.5 million upsize option from Hudson, contingent upon obtaining certain NYC Landmarks Preservation Commission approvals. The borrower plans to convert and reposition the former factory, built in 1913, for multifamily use. The borrower is seeking landmark approvals to alter the façade and add additional floors. Located on Water Street, between Jay Street and Bridge, the building is situated within the historic Brooklyn waterfront district.
PHOENIX — Valley Pallet has leased a 42,000-square-foot building inside the Buckeye Industrial Center II in Phoenix. The center is located at 5707 W. Buckeye Road. The pallet manufacturing and recycling company was represented by Greg Dodge of Cassidy Turley Arizona’s Industrial Group. The landlord, DF Properties, was represented by Andy Cloud of the same group.
GLENDORA, CALIF. – A 41,000-square-foot industrial building in Glendora has sold to R & H Investments for $4.2 million. It is located at 1332 S. Lone Hill Ave. The seller, Levine JA Spousal Access Trust, was represented by Rusty Williams and Chris Roth of Lee & Associates-North San Diego County and Chris Bonney of Lee & Associates-City of Industry.
FORT LAUDERDALE, FLA. — Berlin Packaging, a North American packaging supplier, has signed a 40,000-square-foot lease at a new spec distribution building located at 9682-9689 Premier Parkway in Fort Lauderdale. The new lease at the 87,540-square-foot property brings the building to full occupancy, just one month after Sunbeam Properties brought the spec building to market. The remainder of the building is occupied by a manufacturing company. Steven Medwin, Chris Watts and Nick Wigoda of Jones Lang LaSalle represented the tenant in the transaction.
GARLAND, TEXAS AND EAST BRUNSWICK, N.J. — New York City-based Gramercy Capital Corp. has closed on two industrial acquisitions in Garland and East Brunswick totaling $22.4 million. The Garland property spans 342,000 square feet and is fully leased to a single tenant through 2032. The property sold for approximately $10.7 million. The East Brunswick property is a 101-dock door truck terminal on a 16.25-acre site. The terminal is fully leased to a single tenant through 2019 and sold for approximately $11.7 million.
HOUSTON — General contractor Arch-Con Construction has broken ground on DCT Airtex Industrial Center, a 267,000-square-foot cross-dock distribution center located in Houston. DCT Industrial Trust is the project's developer and Long Beach, Calif.-based Carlile Coatsworth Architects is the project's architect. Arch-Con is slated to complete construction in the third quarter of 2013.
LIVERMORE, CALIF. — The former JE Higgins Lumber facility in Livermore has sold to Mission Trading Company for $5.1 million. The71,680-square-foot facility is located at 6951 Southfront Road. Mission Trading Company was represented by Mike Smith of Lee & Associates. The seller, Douglas P. Wilson Company, acted as the court-approved receiver and was represented by Michael Donnelly, Michael Carrigg and Michael Lloyd of Colliers International.