SAN ANTONIO — Stream Realty Partners has brokered two industrial leases totaling more than 21,000 square feet in Interwest Business Park, an industrial campus located at 6800 Alamo Downs Parkway in northwest San Antonio. Jason Schnittger of Stream Realty represented the landlord, DRA Advisors Inc., in both transactions. RecoverCare, represented by Briane Ritchie of Pointline Inc., signed a new lease for 11,620 square feet, and Family Endeavors renewed an existing lease at the property for 9,800 square feet. Stream Realty was awarded leasing and management of the business park by DRA Advisors in June 2012.
SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draegerof Colliers International.
MIAMI GARDENS, FLA. — Miami Dade Printing Co. has purchased a 73,500-square-foot warehouse in Miami Gardens for $3.6 million. The property is located on 3.76 acres within Sunshine State Industrial Park at 16111 NW 13th Ave. Constructed in 1965, the building features a 22-foot ceiling height, dock-height doors, street-level doors, truck wells and additional land for parking or building expansion. Miami Dade Printing plans to relocate to the property in October. Mike Silver of CB Richard Ellis represented the seller, Norman Shapiro, trustee. Elsa Heredia and Doug Whitten, also of CB Richard Ellis, represented the buyer.
LIVONIA, MICH. — Los Angeles-based firms Hackman Capital Partners LLC and Oak Pass Capital Management have purchased two industrial properties in Livonia totaling 285,306 square feet. The properties were acquired through Auction.com from LNR. The purchase price was not disclosed. The buildings, located at 38220 and 38150 Plymouth Road, are fully occupied. Tenants at the properties include Helm Inc. and McKesson.
CARROLLTON, TEXAS — Duro-Last Inc., a Michigan-based roofing systems manufacturer, has opened a new 89,430-square-foot distribution center in Carrollton to serve its central U.S. clients. The new center is located at 2940 Eisenhower St. in the Frankford Distribution Center I, a 153,200-square-foot campus owned by Duke Realty Corp. Duke Realty was self-represented by Matt Hyman. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant in the long-term lease deal.
SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draeger of Colliers International.
JACKSONVILLE, FLA. — Newmark Grubb Phoenix Realty Group (NGP) has brokered the sale of a Jacksonville flex industrial building for $5.2 million. Situated near the interchange of Interstate 95 and Baymeadows Road at 8813 Western Way, the property contains 168,125 square feet of office and warehouse space. Bobby Gatling and Bryan Bartlett of NGP represented the seller, COFE Properties Fund 1 – Western Way LLC. Bruce Jackson of CB Richard Ellis represented the undisclosed buyer.
READINGTON, N.J.— Weichert Commercial Brokerage Inc. has been hired to serve as exclusive marketing agent for two industrial buildings located at 61 County Line Road in Readington, about 30 miles west of Edison. Mark Calabro, senior vice president, and Philip MacLaren, vice president, of Weichert Commercial Brokerage are handling the marketing of the property. The two buildings total approximately 31,600 square feet. The main building on the 10-acre site includes 13 drive-in doors with drive-thru capabilities.
NORTH EAST, MD. — Cushman & Wakefield has completed the sale of a 345,600-square-foot industrial property in North East. The building is located on 36 acres near Interstate 95 at 4 Center Drive. It is fully leased to the General Services Administration and Herr Foods. Cushman & Wakefield’s Christopher Abramson, Brian Kruger, Nicholas Signor and Jonathon Chalkey represented the undisclosed seller. The buyer is SK Realty Management.
SHEPHERDSVILLE, KY. — Dermody Properties has acquired approximately 36 acres in Shepherdsville for a new speculative industrial project. Dermody is partnering with Granite REIT to construct a 624,000-square-foot industrial building within Settlers Point Business Park at the interchange of Interstate 65 and Highway 44. The building will feature 36-foot clear ceiling heights and 60 docks doors with cross docking capability and expansion capability up to 117 docks. Dermody expects to break ground for the project in June and complete it by the fourth quarter of 2014. Summit Construction is serving as general contractor, and Kovert Hawkins Architects is the designing the building. Tom Sims of CB Richard Ellis’s Louisville office is marketing the project for lease.