WINSOR, CONN. — Griffin Land has signed J.B. Hunt Transport Services Inc., a logistics management compmany, to a lease for 24,000 square feet of industrial space at 75 International Drive in Windsor. 75 International Drive is a 117,000-square-foot industrial building that includes a steel frame and 26-foot high ceilings. Chris Metcalfe and Jeffrey Sperry of CB Richard Ellis represented J.B. Hunt, and Griffin Land represented itself in the deal.
CARROLLTON, TEXAS — CBRE has brokered the sale of a 288,000-square-foot industrial property, located at 1800 Columbian Drive in Carrollton. Jack Fraker, Josh McArtor, Jonathan Bryan and Heather McClain Venegoni of CBRE represented the seller, Clarion Partners, in the transaction. The buyer was Iron Mountain, the sole tenant of the property.
SALT LAKE CITY — Westport Distribution I & II, a pair of bulk distribution buildings totaling more than 750,000 square feet in Salt Lake City, have sold to Industrial Income Trust (IIT) for $47.5 million. IIT was represented by Bryce Blanchard of NAI West. The firm’s Mike Falk and Steve Condie also represented the seller, Buzz Oates Real Estate.
MONROE TOWNSHIP, N.J. — CenterPoint Properties has purchased Barnes & Noble’s primary distribution center building for $83 million in Monroe Township. The 1.15 million-square-foot industrial property was constructed in 2005 and is located at Exit 8A of the New Jersey Turnpike. Cushman & Wakefield represented the buyer and the seller, a pension fund advisory firm. Barnes & Noble’s lease runs through 2020.
LONG ISLAND CITY, N.Y. — A 322,390-square-foot industrial building has sold for $40.7 million to two tenants-in-common entities. The three-story industrial property, which is managed by BLDG Management Co., is located at 47-25 34th St. in Long Island City, the westernmost neighborhood of New York City. Current tenants in the building include Polo Ralph Lauren, Gander and White and Eleni’s Bakery, among others. RFK Investment Sales and Advisory Services represented the seller, 4725-34 Associate LLC, and the buyer in the deal.
ENGLEWOOD, N.J. — Lee & Associates has closed the $9 million industrial sale of 330 S. Van Brunt St. in Englewood. Built in 1979, the single-tenant, net-leased facility is leased to DENTSPLY, a global manufacturer of affordable dental products. Michael Schaible of Lee & Associates represented the seller, Humphrey S. Lewis Urban Renewal Corp., Jeffrey Miller, also of Lee, represented the buyer, ITT Acquisitions LLC.
HOUSTON — Houston-based Dickson Furniture has opened a new 100,000-square-foot distribution center, located at 6000 S. Loop E. in Houston. Dickson Furniture has experienced 50 percent larger inventory with dozens of new products and is expecting even greater growth in the near future. The company will begin delivering furniture from the facility immediately.
HOUSTON — Moody Rambin has arranged the 173,000-square-foot lease of manufacturing space at 7150 Almeda Genoa Road in Houston. Jim Autenreith and Griff Jaggard of Moody Rambin represented the tenant, Applied Cryo Technologies (ACT), in the lease transaction. ACT will use the space to design and manufacture equipment for oil and gas companies. The facility is located 10 miles away from the Port of Houston.
OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.
ELKRIDGE, MD. — 6625 Selnick Drive LLC, an environmental engineering and consulting firm, has acquired a 30,000-square-foot industrial building at 6625 Selnick Drive in Elkridge for $2.3 million. The buyer will occupy a majority of the building, while leasing out the remainder. Alan Orman of Cassidy Turley represented the seller. Hayes Merkert of Cushman & Wakefield represented the seller, Bernstein Management Corp.
