FREMONT, CALIF. — Seagate Technology has announced plans to build a $180-million research and development complex at the former 411,618-square-foot Solyndra plant in Fremont. The company purchased the Class A facility in February for $90.2 million after Solyndra filed for bankruptcy. The building is located at 47488 Kato Road. The disk drive company plans to occupy the facility. Seagate was represented by Donald Reimann, Sean Toomey and Gregg Von Thaden of Colliers International. Solyndra was represented by Bart Lammersen, Greg Matter and Jason Ovadia of Jones Lang LaSalle in the all-cash sale.
LAWRENCEVILLE, GA. — RACO General Contractors has selected Lavista Associates to lease 25 distribution buildings totaling 2.4 million square feet at Gwinnett316 in Lawrenceville. Gwinnett316 is part of a 424-acre industrial development located off GA 316, and a few minutes from I-85. The properties, built sequentially from 1986 to 2001, house national and international tenants such as Lund International, Ryder Logistics and Sherwin-Williams Co. The park has distribution spaces available for lease from 7,800 square feet to 157,000 square feet, along with sites available for build-to-suit projects. Charlie Fiveash, Will Grogan, David Pope and Tom Hunter of LaVista will market the properties.
WEST COLUMBIA, S.C. — Columbia Industrial has sold the 273,280-square-foot UTi Integrated Logistics facility, located at 185 McQueen St. in West Columbia, for $9.6 million. The facility is leased by UTi, which specializes in supply chain services. Dail Longaker of NAI Avant represented the seller in the transaction.
DES PLAINES, ILL. — Midland Paper Co. has renewed and expanded its lease to 155,568 square feet of industrial space at 363 N. Third Ave. in Des Plaines. Kurt Sarbaugh, Robin Stolberg and Kris Bjorson of Jones Lang LaSalle represented Midland Paper in the deal. Midland Paper is an independently owned fine paper, packaging and supply systems distributor.
FREMONT, CALIF. — Seagate Technology has announced plans to build a $180-million research and development complex at the former 411,618-square-foot Solyndra plant in Fremont. The company purchased the Class A facility in February for $90.2 million after Solyndra filed for bankruptcy. The building is located at 47488 Kato Road. The disk drive company plans to occupy the facility. Seagate was represented by Donald Reimann, Sean Toomey and Gregg Von Thaden of Colliers International. Solyndra was represented by Bart Lammersen, Greg Matter and Jason Ovadia of Jones Lang LaSalle in the all-cash sale.
PHOENIX – An 82,742-square-foot building inside the master-planned Cotton Center industrial park in Phoenix has sold to Wells Family Partnership for $9 million. The building is located at 5150 S. 48th Street. The buyer was represented by Scott Smith and Rick Robertson of Lee & Associates Arizona. The seller, JFBB Enterprises, was represented by Steven Schnitzer of Steven J. Schnitzer, LTD.
SAN DIEGO — Square Peg Packaging and Printing, LLC has subleased 72,220 square feet of industrial warehouse space in San Diego. The space is located at 5260 Anna Ave. The four-year, nine-month sublease is valued at $2.2 million. Square Peg was represented by Glenn Arnold and Kevin Meissner of Cassidy Turley. The sub-lessor, Hajoca Corporation, was represented by Derek Applbaum and Derek Hulse of Colliers International and Joe Oliaro of Copaken & Brooks.
NORTH WALES, PA. — Geissele Automatics has purchased a 70,000-square-foot industrial property for $1.8 million in North Wales, located about 20 miles northwest of Philadelphia. The property is situated on 13 acres at 800 E. Walnut St. Geissele currently operates its production facility out of Norristown, a site which has housed the renowned defense contractor and rifle trigger manufacturing company for the past four years. The company is moving because it needs more space. Nick Adams of Jackson Cross Partners represented Geissele in the deal.
PEARLAND, TEXAS — Coldwell Banker Commercial United, Realtors has arranged the sale of a 5,922-square-foot industrial property, located at 2233 Garden Road in Pearland. Mike Chance of Coldwell Banker represented both the seller, Crane Technologies Inc., and the buyer, Oakland Land & Development, in the transaction.
PHOENIX – An 82,742-square-foot building inside the master-planned Cotton Center industrial park in Phoenix has sold to Wells Family Partnership for $9 million. The building is located at 5150 S. 48th Street. The buyer was represented by Scott Smith and Rick Robertson of Lee & Associates Arizona. The seller, JFBB Enterprises, was represented by Steven Schnitzer of Steven J. Schnitzer, LTD.