SAN DIEGO – A 17,210-square-foot industrial manufacturing building in the San Diego submarket of Miramar has sold to 7505 Trade Street, LLC, dba United Auto Body, for $2.1 million. It is located at 7505 Trade Street. Arnie Friedman and Evan McDonald of Colliers International represented both the buyer and the seller, G. E. Capital, in this transaction.
ROCK HILL, S.C. — A 315,000-square-foot high bay distribution facility, located at 2751-2805 Commerce Dr. in Rock Hill, has sold for $5.1 million to a Midwestern life insurance company in partnership with <
CAMBRIDGE, MD. — A 157,000-square-foot light manufacturing facility located at 807 Woods Rd. in Cambridge has traded. The industrial property is situated on 10 acres and was originally known as Airpax. Henry Hanna of Sperry Van Ness – Miller Commercial Real Estate represented both the seller, Sensata Technologies, and the buyer, JPJ807 Co. Sean Lynch of Jones Lang LaSalle also represented the seller. The buyer plans to redevelop and lease the property to businesses seeking manufacturing space and office space.
CANTON, OHIO — Michigan Best Land has acquired a 176,731-square-foot industrial facility in Canton. The property is located at 40500 Van Born Road. Steve Gordon, Brad Viergever and Mark Hamway of Signature Associates represented the seller, American Equity.
HARRISON, N.J. — Advance Realty has broken ground on a 45,000-square-foot technology center for Panasonic Corp. in Harrison. The build-to-suit facility will house the company's engineering office, a lab and various testing facilities. The property will be adjacent to Red Bull Arena and occupancy is slated for the summer of 2013. The building is also less than a mile from Panasonic's future headquarters in Newark.
SOUTH HACKENSACK, N.J. — High Quality Custom Design, which specializes in custom installations and offers automotive accessories, has signed a lease for 19,720 square feet of industrial space at 275 Huyler St. in South Hackensack. The property features 4,000 square feet of office space, one drive-in loading dock and ample parking. Jeffrey DeMagistris and Thomas Vetter of NAI Hanson represented the landlord in the transaction.
DEARBORN, MICH. — Severstal Dearborn, a Michigan-based steel maker, has renewed its lease for 62,203 square feet of industrial space in Dearborn. The facility is located at 14661 Rotunda Drive. John Boyd and Grant Bruce of Signature Associates represented the tenant in the transaction.
CHARLOTTE, N.C. — Forward Air Solutions Inc. (FAS), a national distribution network and logistics services provider, leased the entire 150,000-square-foot industrial building at 2301 Nevada Blvd. in Charlotte. FAS, which specializes in customized store delivery for retailers, healthcare distributors, publishers, the hospitality industry and other companies, is relocating its Charlotte operations from Ridge Creek Distribution Center. Boston-based TA Associates Realty owns the industrial building on Nevada Boulevard. Bill Wood of Trinity Partners, which handles leasing and property management for the property, represented TA Associates Realty in the lease transaction and Mike Bauer of Dallas-based Fischer & Co. represented FAS.
SHARON, MASS. — Cintas Corp. has signed a lease for 27,750 square feet of industrial space at 1150 Providence Highway in Sharon. Cintas, which will occupy the entire building, is a publicly traded company that provides services to businesses such as promotional products, carpet cleaning and document management. The property is located at the junction of I-95 and Route 1. Catherine Minnerly and Ovar Osvold of NAI Hunneman represented the property owner, LL Sharon DC LLC, in the transaction. CBRE Group represented the tenant.
HOUSTON — Houston-based American Spectrum Realty has sold the 389,000-square-foot Beltway Industrial Park, a 23-building industrial complex located in northwest Houston off of Beltway 8 and West Little York. American Spectrum expects to gain approximately $5.5 million before income tax expenses.