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.
PORT ALLEN, LA. — The Dow Chemical Co. has signed a 103,900-square-foot lease at 1870 Grand Terre Blvd. in the Baton Rouge West Distribution Center in Port Allen. Midland, Mich.-based Dow, an international manufacturer of chemicals and components used for consumer products, took occupancy on March 1. The new facility will enable Dow to save on shipping costs by streamlining distribution from its manufacturing plants elsewhere in Louisiana, according to Chicago-based HSA Commercial Real Estate, which developed the Baton Rouge West Distribution Center in 2008. The building features 30-foot clear ceiling heights, 80 exterior truck docks and 50-inch column bay spacing.
STERLING HEIGHTS, MICH. — Nitto Seiko America has signed a lease for 9,558 square feet of hi-tech space located at 44425 Phoenix Drive in Sterling Heights, about 25 miles north of Detroit. Clint Confer of Signature Associates represented Nitto Seiko in the deal. Nitto Seiko manufactures and sells industrial fasteners and tools and industrial and precision machinery.
GRAND PRAIRIE, TEXAS — Stream Realty Partners has negotiated a 50,000-square-foot lease renewal of industrial space, located at 2510 W. Main St. in Grand Prairie. Cannon Green and Matt Dornak of Stream Realty represented the landlord in the transaction. Patrick Johnson, also of Stream Realty, represented the tenant, Complete Line Glass.
DALLAS — Colliers International has won the exclusive marketing representation rights for the 300-acre Ridge Logistics Center, a 4.9 million-square-foot industrial park located in South Dallas. The owner, Chicago-based Ridge Property Trust, selected Colliers to market the distribution facilities and adjoining land parcels. The industrial park is located at Dallas Avenue and Telephone Road. Chris Teesdale, Tom Pearson and Ward Richmond of Colliers International's Supply Chain Real Estate Advisors in Dallas will lead all marketing efforts for the center.
CHICAGO — Jones Lang LaSalle was named the new leasing agent for a 142,000-square-foot industrial facility located at 1400 Harris Road. New Jersey-based real estate investment firm The Silverman Group owns the building. The building is one of two buildings in the Liberty Point Corporate Center and has 110,427 square feet of available space. Tenants include Culligan International Co., Tire Centers LLC and Laser Precision. The building was constructed in 2007 and includes 11 dock doors, ESFR sprinklers, parking for 218 cars and 26-foot ceiling clears.
ROCHELLE, ILL. — Del Monte has signed a lease for 312,750 square feet of industrial property in Rochelle, located about 80 miles west of Chicago.Del Monte has expanded their current lease by 104,008 square feet. Jim Planey and Jeff Janda of Lee & Associates represented Del Monte and the landlord, PAR Industrial, in the deal. Del Monte is a manufacturer and marketer of processed foods sold to a variety of food retailers.
DALLAS — Richardson-based Hill & Wilkinson General Contractors has begun construction on a new 187,810-square-foot sales and service facility, located in the Mountain Creek Business Park in Dallas. The new building will sit on a 20-acre site and provide repair and maintenance services for diesel and natural gas engines and power generation equipment made by Cummins Inc. The tenant is Arlington-based Cummins Southern Plains LLC. The new facility will employ more than 150 people, mostly technicians, distribution associates and administrative personnel. Hill & Wilkinson is providing design/build services for the project and Dallas-based Merriman Associates/Architects Inc. is providing architectural services. The facility is slated for a December 2013 delivery. Additionally, the City of Dallas is providing a seven-year property tax abatement toward 50 percent of the improved value of the property.
CHINO, CALIF. – Sares Regis Group (SRG) has sold about 2.1 million square feet worth of land and planned distribution buildings at the Chino South Logistics Center to Invesco Ltd for a reported $160 million. The four warehouse and distribution buildings are scheduled for completion in the second quarter of 2014. The 125-acre Chino South Logistics Center is the largest speculative industrial development in the Inland Empire. The recently sold land resides at the northeast corner of Euclid and Pine avenues in Chino. SRG and Invesco were both represented by Darla Longo, Barbara Emmons and Rebecca Perlmutter-Finkel in CBRE’s Los Angeles office, and Tom Taylor and Steve Bellitti in Colliers Seeley’s Inland Empire office.
POMPANO BEACH, FLA. — Southland Container Co. has leased 12,300 square feet of industrial space at 2680 Gateway Drive in Pompano Beach. Helen Weissman of Brenner Real Estate Group represented the landlord, ABC Pompano Beach Real Estate, in the transaction. Brian Smith of Florida Equities Group represented the tenant.