HOUSTON — Lone Star Partners has broken ground on Katy Green Business Parkway, a 26,480-square-foot office/warehouse project located near the northwest corner of Interstate 10 and Westgreen in Houston. Jim Autenreith and Jeff Barbles of Moody Rambin will handle leasing the property, which is expected to top off by year's end.
PHOENIX — A 131,000-square-foot industrial building in Phoenix has sold to Grand Canyon University for $6.4 million. The single-story flex building is located at 5115 N. 27th Ave. Grand Canyon was represented by Todd Noel of Colliers International’s Phoenix office. The seller, Crown Realty & Development, was represented by Will Strong of Cushman & Wakefield.
ALSIP, ILL. — Shannon Investments, an Illinois-based investor, has acquired 420-4252 W. 124th Place, an 18,500-square-foot industrial property. Built in 1970, the property is one mile from I-294 & Cicero/127th Interchange. Tim Wagener, Carrie Wagener and Andrea Hauger of Owen Wagener & Co. represented the seller in the transaction.
PISCATAWAY, N.J. — KMM Telecommunications has signed a long-term sublease agreement for 195,555 square feet of warehouse space at 21 Constitution Ave. in Piscataway. KMM provides supply chain services to the communications industry. Frank Truesdell, Joel Lubin and Brian Cass of Jones Lang LaSalle represented the property's sub-landlord, Verizon New Jersey Inc. KMM was represented in-house by John Campanelli of Jones Lang LaSalle. Developed to Verizon's specifications in 2004, 21 Constitution Ave. totals 288,115 square feet.
BOSTON — Silk Screen Printing Inc. has signed a 13,500-square-foot lease at 20 Old Colony Ave. in Boston. Silk Screen is expanding and relocating from Boston's Leather District. 20 Old Colony Ave. is comprised of two connected buildings totaling 71,801 square feet. J.P. Plunkett of NAI Hunneman represented the landlord, Cole Development, in the transaction. Bonny Doorakian of NAI Hunneman represented the tenant.
HOUSTON — Levey Group has plans to develop Sam Houston Business Park, the company's first industrial/flex business park, in Houston. The park will total 206,375 square feet on a 22.7-acre lot off Beltway 8 between Highway 290 and Highway 249 in northwest Houston. Building One will be a 73,500-square-foot flex facility with 27 rear-loading docks, Building Two will be a 70,875-square-foot distribution facility with 23 rear-loading docks and Building Three will be a 62,000-square-foot bulk distribution facility with 20 side-loading docks. Each facility is being built on a speculative basis. Munson Kennedy Partnership designed the business park, which is slated to break ground in the first quarter of 2013.
PHOENIX — A 131,000-square-foot industrial building in Phoenix has sold to Grand Canyon University for $6.4 million. The single-story flex building is located at 5115 N. 27th Ave. Grand Canyon was represented by Todd Noel of Colliers International’s Phoenix office. The seller, Crown Realty & Development, was represented by Will Strong of Cushman & Wakefield.
ONTARIO, CALIF. – Cardenas Markets has signed a 10-year lease for 263,000 square feet in Ontario. The space is located at 2501 East Guasti Road. It is within a 420,000-square-foot, multi-tenant industrial building. The new lease will allow Cardenas to expand its headquarters and distribution operations, which currently resides in a 420,000-square-foot space in Ontario. The landlord, MK Associates LTD, was represented by Joe Miller of Voit Real Estate Services. Miller worked with Mike Leifer of Palmieri, Tyler, Wiener, Wilhelm & Waldron on land-use issues, as well as with Ruben Goodsell, Peter McWilliams and Michael McCrary of Jones Lang LaSalle on the marketing assignment.
ATLANTA — Mailing Avenue Stageworks, an 85,000-square-foot film and television production facility, has opened on a five-acre site close to historic Grant Park in Atlanta. An investment group led by Paul Raulet, John Raulet and Tyler Edgarton acquired a former industrial building at 1144 Mailing Ave. for the film and television production facility. The stage features 31-foot ceiling heights and an 80-by-120-foot filming area. “Georgia’s attractive incentive program, as well as talented workforce, a variety of locations and accessibility give it a competitive edge over other states,” says Lee Thomas, director of the Georgia Film, Music & Digital Entertainment Office. “As a result, we continue to experience a wealth of productions choosing Georgia for their projects.” Mailing Avenue Stageworks will be available for lease in January 2013.
CHARLOTTE, N.C. — Consumer Programs Inc., a wholly owned subsidiary of portrait studio operator CPI Corp., has sold a 59,492-square-foot warehouse and office building and two land parcels in Charlotte to Worldwide Ventures Inc. for $1.6 million. The property is located at 11001 Park Charlotte Blvd. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer represented Consumer Programs, and Lawrence Shaw of Colliers International represented Worldwide Ventures.