VICTORVILLE, CALIF. — Construction has commenced on a 176,800-square-foot expansion at the Southern California Logistics Centre (SCLC) in Victorville. This is a 2,500-acre industrial and commercial complex that is being expanded to accommodate the distribution needs of one of the center’s major tenants. That tenant recently signed a new 10-year lease extension at the center. Once completed, the 407,612-square-foot facility will expand to 584,412 square feet. The center is owned by Stirling Capital Investments, which was represented by CBRE’s Darla Longo, Barbara Emmons, Jay Dick and Mark Latimer in the lease transaction. The tenant was represented by Ralph Gilbertson and Erik Wanland, also of CBRE.
TEMPLE — Panda Temple Power has completed the financing for a planned, 758-megawatt power plant, located on a 250-acre site at the Synergy Industrial Park in Temple. The property, known as the Temple Generating Station, is slated to become operational by the end of 2014. The new plant is expected to contribute up to $1.6 billion in the first 10 years of operation and add about 700-800 jobs. Panda Power Funds and other financial institutions provided equity financing. Bechtel and Siemens Energy have been selected to build the generation facility.
SHREVEPORT, LA. — Accosys, the parent company of TVH Parts Co., has acquired a 60,000-square-foot distribution facility, located at 7245 W. Bert Kouns Industrial Loop in Shreveport, for $3 million. TVH will occupy the space starting in late October. Raymond Alley of Walker Alley & Associates represented the buyer in the transaction. KRH Wieland-Loop was the seller.
COMPTON, CALIF. — Forever Collectibles California has leased a 146,362-square-foot facility in Compton. The company plans to use the space, located at 1600 Anderson Ave., as a distribution center. Forever Collectibles was represented by Barry Hill of Jones Lang LaSalle. The landlord, Prologis, was represented by David Prior, Todd Taugner and Frank Schulz of The Klabin Company/CORFAC International’s Torrance office.
CAROL STREAM, ILL. — Meridian Design Build has completed the renovation of a 237,855-square-foot industrial building in Carol Stream to accommodate a new regional distribution center for Kerry Ingredients & Flavours. The project included the renovation of existing office and employee facilities and lighting upgrades. Kerry Ingredients is occupying the facility under a long-term lease with STRS Ohio. Ken Franzese, John Cassidy and Walter Murphy of Lee & Associates Commercial Real Estate Services represented the landlord in the transaction. Trevor Ragsdale of Jones Lang LaSalle represented the tenant. Bob Kolcz and Greg Suthers coordinated the project for Meridian. Harris Architects provided architectural services. The building is located at 284 Lies Road.
BOONTON, N.J. — First Environment has signed a 17,750-square-foot lease extension at 91 Fulton St. in Boonton, where the firm will continue to operate its corporate headquarters. Established in 1977, the environmental engineering firm specializes in climate change planning and greenhouse gas reduction. The single-story, industrial/flex property is located seven miles north of Morristown. Eric Witmondt and John Cunningham of Colliers International represented the tenant in the transaction. James Correll of American Properties Realty represented the landlord, Kapalua LLC.
HILLSBORO, ORE. – A pair of R&D buildings in Hillsboro has sold to WPC Tech LLC for $6.9 million. The buildings include One and Two Technology Centers, which are located at 7431 & 7451 NW Evergreen Parkway. They total 95,000 square feet situated on 8.5 acres. Keith Young of Kidder Mathews represented both the buyer and the seller, BH Two Tech LLC and Force-BH LLC, in this transaction.
CITY OF INDUSTRY, CALIF. — Railroad Handel, a 76,180-square-foot industrial building in the City of Industry, has received $3.3 million in first-mortgage refinancing. The facility is located at 18451-18467 Railroad Street. It is 80 percent leased. The 10-year loan features a 25-year amortization schedule. Financing was arranged by Michael Elmore of NorthMarq Capital’s Los Angeles office through the firm’s relationship with a national bank.
AUSTELL, GA. — KBS Real Estate Investment Trust II has sold the 261,799-square-foot Hartman II, a warehouse/distribution building located in Atlanta's Austell submarket. The property is part of the 150-acre Hartman Business Center, a master planned industrial park.
KETTERING, OHIO — IRG Kettering I has purchased a 1.1 million-square-foot industrial facility at 2000 Forrer Blvd. in Kettering. Paul Hoge of Signature Associates represented the seller, DPH-DAS, in the transaction. Norm Khourn of Cassidy Turley represented the buyer.