NORTH CHARLESTON, S.C. — CBS Productions has leased 200,000 square feet of industrial space at 45000 Goer Drive in North Charleston. The tenant will use the facility for the production of the new television drama series “Reckless.” Hagood Morrison of Colliers represented the undisclosed landlord in the transaction. Brent Case of Coldwell Banker Commercial represented CBS.
HIDALGO, TEXAS — Los Angeles-based BH Properties LLC has purchased the 313,120-square-foot Tres Puentes Distribution Center for $8.6 million. The property is located at 1501 International Blvd. in Hidalgo. The purchase falls in line with BH Properties' focus on acquiring industrial properties near the Mexican border. The company plans on adding border facilities in Texas, Arizona and California in the next two years.
KETTLEMAN CITY, CALIF. – An 89,880-square-foot freight terminal in Kettleman City that is triple-net leased to FedEx Corporation has sold to a buyer that was completing a 1031 Exchange for $21.4 million. The freestanding terminal is located at 33104 25th Ave. about halfway between Los Angeles and San Francisco. The facility was completed earlier this year. It carries a 29-year absolute triple-net lease that is guaranteed by FedEx. The unnamed seller was represented by John Glass of Marcus & Millichap’s San Francisco office.
CITY OF INDUSTRY, CALIF. – A 7.7-acre infill redevelopment site in the City of Industry has sold to CT Realty Investors for $6.2 million. The site is located at 13110 Louden Lane. A 121,000-square-foot, vacant manufacturing facility currently resides on the site, though it will soon be demolished. CT plans to replace it with a 168,000-square-foot, Class A warehouse/distribution building. C.E.G. Construction Co. will oversee construction. CT was represented by Denis Keane of Voit Real Estate Services’ Ontario office. The seller, McConnell Cabinets, was represented by Barbara Emmons and Cameron Merrill of CBRE Los Angeles.
CITY OF INDUSTRY, CALIF. – A 7.7-acre infill redevelopment site in the City of Industry has sold to CT Realty Investors for $6.2 million. The site is located at 13110 Louden Lane. A 121,000-square-foot, vacant manufacturing facility currently resides on the site, though it will soon be demolished. CT plans to replace it with a 168,000-square-foot, Class A warehouse/distribution building. C.E.G. Construction Co. will oversee construction. CT was represented by Denis Keane of Voit Real Estate Services’ Ontario office. The seller, McConnell Cabinets, was represented by Barbara Emmons and Cameron Merrill of CBRE Los Angeles.
GARDEN GROVE, CALIF. – A 40,274-square-foot industrial building in Garden Grove has sold to ProPlas Technologies for $4.1 million. The building is located at 14321 Corporate Drive. The new owner plans to execute a major renovation at the building before it relocates from nearby Gardena. The plastic injection molding and contract manufacturing company was represented by Brandon Carrillo, Greg Gill and Dylan Espley of Lee & Associate’s Long Beach office. The seller, Serella Revocable Trust, was represented by Mike Bouma and Paul Caputo of Voit.
GRAPEVINE, TEXAS — Rick Medinis of NAI Robert Lynn’s Industrial Division partnered with CBRE to represent Prologis in the sale of its 787,591-square-foot Northfield Distribution Center to EastGroup Properties. The complex is located in Grapevine, 20 minutes outside of Dallas, and consists of eight buildings leased to 31 tenants. In the first quarter of 2013, NAI Robert Lynn arranged a 64,000-square-foot lease to Smart Start, 48,000 square feet to RIM Logistics and 16,000 square feet to Team Worldwide, all at the Northfield Distribution Center. The transactions totaled 128,000 square feet, bringing the property from 84 to 100 percent occupied. EastGroup has decided to keep Medinis as the leasing agent for the property, which Seefried Properties initially developed.
GARDEN GROVE, CALIF. – A 40,274-square-foot industrial building in Garden Grove has sold to ProPlas Technologies for $4.1 million. The building is located at 14321 Corporate Drive. The new owner plans to execute a major renovation at the building before it relocates from nearby Gardena. The plastic injection molding and contract manufacturing company was represented by Brandon Carrillo, Greg Gill and Dylan Espley of Lee & Associate’s Long Beach office. The seller, Serella Revocable Trust, was represented by Mike Bouma and Paul Caputo of Voit.
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.