CEDAR PARK, TEXAS — TIG Real Estate Services has selected Cadence McShane Construction Co. to build Scottsdale Crossing Building One in Cedar Park. The facility is a light office/flex building totaling 27,500 square feet. The property is located at 5900 Highway 183A in TIG's Scottsdale Crossing Commerce Park in Cedar Park. Cadence McShane is slated to deliver the building in July. TIG Real Estate is handling the property's leasing and Studio 8 Architects is providing architectural services.
MONTEREY, CALIF. – A 22,912-square-foot R&D/flex building in Monterey has sold to 21 Lower Ragsdale Partners, LLC for $3 million. The property is located at 21 Lower Ragsdale. It contains 16,628 square feet of office and 6,285 square feet of warehouse space. The building was 65 percent occupied at the time of sale. The seller, Salinas Valley Memorial Healthcare System, was represented by Wylie Mitchell and Greg Findley of Cassidy Turley.
NORTH PORT, FLA. — North Port Innovation has acquired 14 bank-owned industrial condominiums, totaling 17,650 square feet, in the North Port Park of Commerce, located at 1050-1090 Innovation Ave. Gary Tasman and Shawn Stoneburner of Cushman & Wakefield, Commercial Property Southwest Florida LLC represented both parties in the transaction.
SHAKOPEE, MINN. — Milestone AV Technologies has signed a lease for 106,000 square feet of industrial space at 804 Valley Park Drive in Shakopee, a southwest suburb of Minneapolis. Milestone AV Technologies, a provider of mounting and display solutions for audiovisual technologies, will take occupancy in September and use the space for distribution. Clothing distribution company SanMar is the current tenant. Cushman & Wakefield/NorthMarq represented the landlord, Virginia Retirement Systems, in the deal.
NEW YORK CITY — A 19,721-square-foot industrial property, located at 133 Sutton St. in Brooklyn, has sold for $3.3 million. Jakub Nowak of Marcus & Millichap represented the seller, a private investor and the buyer, a limited liability company, in the deal.
BEDFORD, MASS. — State Electric Corp. has purchased an 18,000-square-foot flex building for $1.2 million in Bedford. The property, which is located near Route 3 and I-95, is a single-story industrial building with office space on a 2.6-acre site. The Stubblebine Co./CORFAC International represented State Electric Corp. and the seller, Bill Callahan, in the deal. State Electric Corp. is a full-service electrical construction company that provides electrical construction services throughout Eastern New England.
ROBBINSVILLE, N.J.— Matrix Development Group, has plans to develop a 350,000-square-foot, build-to-suit facility for McKesson Corp, in Robbinsville. The facility will be located within Matrix Business Park, some 40 miles northwest of Philadelphia. The building will include 317,585 square feet of climate-controlled warehouse space, 32,445 square feet of office space, 25 loading docks and parking for 220 cars. The facility is slated for completion in April. McKesson is a national U.S. pharmaceutical distributor and healthcare information technology company.
MUHLENBERG TOWNSHIP, PA. — Pratt Corrugated Holdings Inc. has signed a 10-year lease for 115,000 square feet of industrial space in Muhlenberg Township, located about 60 miles northwest off Philadelphia. The industrial building is situated within the Route 61 Distribution Center owned by Brasler Properties. Pratt is a national recycled paper and packaging company.
DORAL, FLA. — SeaFreight Agencies Inc., a cargo and shipping solutions company, has signed a 148,750-square-foot industrial lease at the International CorporatePark, located at 9950 NW 17th St. in Doral. The deal makes SeaFreight the sole tenant in the Class A building, which includes 16,000 square feet of office space. Walter Byrd, Ben Eisenberg, Thomas Kresse and Carlos Gaviria of Transwestern represented the tenant in the transaction. Steve Medwin and Nick Wigoda of Jones Lang LaSalle represented the landlord, IndCor Properties.
BLYTHEWOOD, S.C. — Pinchal & Co. LLC has named Binswanger the exclusive agent for the sale of a 350,000-square-foot industrial building on 23.5 acres at 1091 Carolina Pines Drive in Blythewood. Constructed in 1999, the building includes reinforced concrete floors, 31- to 35-foot clear ceiling heights, 70 dock doors and 8,280 square feet of office space. The property overlooks I-77 and is located eight miles from I-20.
