NORTH CHARLESTON, S.C. — Charlotte, N.C.-based Beacon Partners has purchased North Rhett Commerce Center, a 511,891-square-foot industrial warehouse on 34 acres at 5801 North Rhett Ave. in North Charleston, for an undisclosed price. The facility houses tenants Husqvarna Professional Products and Integris Logistics. Beacon plans significant renovations and improvements during upcoming months to enhance the property’s functionality, energy efficiency and appearance. Beacon represented itself in the industrial transaction and Hagood Morrison of Colliers International represented the unlisted seller.
JESSUP, MD. — Boston-based TA Associates Realty has purchased a 205,000-square-foot industrial warehouse at 8125 Stayton Dr. in Jessup for $13.7 million. It is fully leased to Capitol Express & Warehousing through 2018. Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, Stayton Associates.
POMONA, CALIF. — A 355,162-square-foot distribution center in Pomona has sold to CMC Dragon, LP for $28.4 million. It is located at 1388 W. Holt Ave. The furniture manufacturer and importer will be relocating from nearby Fontana. The facility will serve as CMC’s West Coast distribution center. The company will occupy 80 percent of the building. The remaining space will be leased to Nina Footwear, an existing tenant at the building. CMC was represented by Brian McLoughlin and David Fults of Voit’s Greater Los Angeles office. The seller, CH Realty III, was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood ofVoit’s Inland Empire office.
POMONA, CALIF. — A 355,162-square-foot distribution center in Pomona has sold to CMC Dragon, LP for $28.4 million. It is located at 1388 W. Holt Ave. The furniture manufacturer and importer will be relocating from nearby Fontana. The facility will serve as CMC’s West Coast distribution center. The company will occupy 80 percent of the building. The remaining space will be leased to Nina Footwear, an existing tenant at the building. CMC was represented by Brian McLoughlin and David Fults of Voit’s Greater Los Angeles office. The seller, CH Realty III, was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood of Voit’s Inland Empire office.
LEWISVILLE, TEXAS — IDI has closed a 50/50 joint venture with IIT for the development of Valley Parkway Distribution Center, a 529,155-square-foot cross-dock industrial property located in Lewisville. The property will be located in the Dallas-Fort Worth International Airport submarket. Construction is slated for an August 2013 completion.
PARIS, TEXAS — Binswanger has arranged the sale of a single-story, 311,000-square-foot manufacturing and distribution center, located at 2320 Loop Highway 286 NW in Paris. The buyer, We Pack Logistics LP, is a full-service third-party logistics firm. Kipp Collins of Binswanger's Dallas office represented the seller, General Foam Plastics Corp., in the transaction.
PICO RIVERA, CALIF. – An industrial property in Pico Rivera that contains 9,840 square feet of office space and 57,635 square feet of dock area has sold to Beverly Pico, LLC for $11.5 million. It is located at 9933 Beverly Blvd. The seller, NRC Realty & Capital Advisors, LLC, worked in cooperation with brokers from Burr & Temkin and Grubb & Ellis on this transaction.
CHICAGO — The Chicago office of Duke Realty Corp. has renewed industrial leases at four properties totaling 664,680 square feet. With these renewals, Duke Realty’s Chicago industrial portfolio is 99 percent leased. The properties include: the 145,00-square-foot TCG Packaging building in Bolingbrook with the Development Corp. representing TCG; the 187,000-square-foot Harmon industrial building in Bolingbrook with Colliers International representing Harmon; the 354,000-square-foot Innotrac building in Bolingbrook with CBRE representing Innotrac; the 304,634-square-foot Sysco Guest Supply building in Carol Stream with CBRE representing Sysco.
MONROE, N.J. — IDI is constructing Middlesex Center 2, a 751,450-square-foot warehouse building at Exit 8A of the New Jersey Turnpike. The building is expected to be complete in July 2013. Located in the 206-acre Middlesex Center, the property will feature customizable warehouse lighting, dock equipment and office space. The park also includes Middlesex Center 1, a 1.3 million-square-foot building. Additionally, plans call for the 450,000-square-foot Middlesex Center 3 building, which will be constructed in 2013.
PICO RIVERA, CALIF. – An industrial property in Pico Rivera that contains 9,840 square feet of office space and 57,635 square feet of dock area has sold to Beverly Pico, LLC for $11.5 million. It is located at 9933 Beverly Blvd. The seller, NRC Realty & Capital Advisors, LLC, worked in cooperation with brokers from Burr & Temkin and Grubb & Ellis on this transaction.