MIAMI — An affiliate of Doral, Fla.-based The Easton Group has acquired two adjacent industrial buildings totaling 58,954 square feet at 3939 and 3901 N.W. 27th St. in Miami, just east of the Miami International Airport, for $2.9 million. The existing tenant, GA Telesis, signed a five-year lease as part of the transaction. GA Telesis markets, sells and leases aircraft engines. Espirito Santo Bank handled the transaction’s financing.
TAMPA, FLA. — Monument Leasing Co. has sold a 25,800-square-foot warehouse for approximately $1 million to 7902 Anderson Road Crossings LLC, which plans to occupy the building after significant renovations. The building is located in a predominately<
ROSEVILLE, MICH. — LVM Squared LLC has purchased a 16,000-square-foot industrial building at 15900 Common Road in Roseville. Ben Wilkiemeyer and Steve Gordon of Signature Associates represented the seller, Shady Lane Development Co., in the transaction.
ELIZABETH, N.J. — Continental Terminals, the largest handler of specialty coffee in the U.S., has leased a 158,735-square-foot distribution facility in Elizabeth. The facility is located at 535 Dowd Ave. The company plans to use the space for distribution of import commodities. The space features 6,080 square feet of office space, 10 interior loading docks with levelers and one drive-in door. The property is located one mile from New Jersey ports and Exit 13A on the New Jersey Turnpike. Andrew Grabis and Marc Policarpo of Binswanger represented the landlord, Seagis Property Group, in the transaction.
AUSTIN — HID Global has plans to construct a $35 million, 200,000-square-foot operations center in Austin, which will serve as the company's manufacturing and distribution headquarters. HID Global worked closely with the Austin Chamber of Commerce, State of Texas and Travis County to bring the project to fruition. The City of Austin approved a 10-year grant estimated at $920,576, Travis County approved $745,000 in tax incentives and the State of Texas approved HID Global for a $1.9 million Texas Enterprise Fund grant.
MAULDIN, S.C. — Siemens Industry Inc., a maker of mechanical and electrical drive equipment, plans a new 45,600-square-foot assembly and manufacturing facility in Mauldin. The industrial property will place the company’s products closer to machine builders and manufacturers in the Southeast. “The announcement of this plant adds to Siemens’ ability to be a single-source provider of integrated drive train solutions for the industry,” says Doug Keith, president of Siemens Drive Technologies Division.
FORT WAYNE, IND. — Hays & Sons Construction has signed a lease for 3,116 square feet of industrial space at 3819 Superior Ridge Drive in Fort Wayne. John Caffray of NAI Harding Dahm represented the landlord, F&J Enterprises, in the transaction.
HOUSTON — Houston-based Standard Equipment Co. has selected Satterfield & Pontikes Construction to build four industrial properties totaling 185,000 square feet at its corporate headquarters complex in northwest Houston. Standard Equipment awarded Satterfield & Pontikes the $13 million project, which will include a 54,000-square-foot flex building and three crane-served industrial buildings.
MCDONOUGH, FAIRBURN AND BRASELTON, GA. — An affiliate of USAA Real Estate Co. has acquired a three-building, 2.8 million-square-foot industrial portfolio in metro Atlanta. The Class A bulk distribution warehouses are fully occupied by Home Depot USA Inc., Owens Corning Insulating Systems LLC and PETCO Animal Supplies Stores Inc. Home Depot’s 1.2 million-square-foot distribution center is in McDonough, Owens Corning’s 1 million-square-foot distribution center is in Fairburn and PETCO’s 506,200-square-foot distribution center is in Braselton. “The Atlanta industrial portfolio offers a unique opportunity to acquire three premier quality distribution facilities within a core inland port market,” says Pat Duncan, chairman and CEO of USAA Real Estate Co. The buildings benefit from their proximity to the Port of Savannah.
DURHAM, N.C. — Crown Realty & Development has sold a 182,160-square-foot industrial property at 4400 Emperor Blvd. in Durham to Pizzagalli Properties for $11.5 million. The Class A facility is fully leased and situated on approximately 14.32 acres within the Imperial Center Business Park in Durham’s Research Triangle Park/I-40 submarket. Christopher Norvell, James Allaire and Catharine Spangler of Cushman & Wakefield/Thalhimer represented Crown Realty & Development in the transaction.