SALT LAKE CITY — The Sun Products Corporation has signed a lease for 1 million square feet of space at Freeport West Landmark Industrial Park in Salt Lake City. This is the largest lease signed so far in Utah in 2012. Sun Products will be consolidating six of its warehouses into two main distribution centers. Sun was represented by Zach Anderson, Bryce Blanchard, Kyle Roberts and Mike Falk of NAI West. Freeport West was represented in-house by Brad Ross.
CHINO, CALIF. – A 65,837-square-foot industrial property in Chino has sold to SBC Enterprise LLC for $5.2 million. It is located at 13900 Sycamore Way. SBC was represented by Richard Schwartz, Brad Yates and Stefan Pastor of Colliers International. The seller, Feldhron Trust, was represented by Mark Kegans of Grubb Newmark Knight Frank.
ATLANTA — Maxwell Chase Technologies LLC has renewed its 49,888-square-foot industrial lease at Atlanta’s Westlake Business Park at 125 Westlake Pkwy. S.W. Matt DiLeo and Nicolai Schwarzkopf of Stream Realty Partners LP represented the landlord, DRA Advisors LLC. Stream Realty Partners assumed leasing and management responsibilities of the 1 million-square-foot Atlanta industrial portfolio owned by a fund managed by DRA Advisors in May. David Payne of ICON Commercial represented Maxwell Chase Technologies in the industrial lease renewal.
HAUPPAUGE, N.Y. — GSE Dynamics has purchased a 56,877-square-foot industrial facility at 110 Oser Ave. in Hauppauge for $3.3 million. GSE engineers and manufactures high-tech components for aerospace and defense equipment. The new building features ample power, 16-foot ceiling heights and is ideally suited for high-tech manufacturing. Ben Levy of Sperry Van Ness represented the seller, Anwar Chitayat, in the transaction.
CONROE — BANDIER Realty Partners has arranged the sale of the 29,000-square-foot Hilltop Business Park, a four-building industrial park located at 3702 and 3704 Hilltop Drive in Conroe. The property is currently 74 percent leased. Jason Tangen of BANDIER represented the seller, Chrisman Properties, in the transaction. Bill D'Amico of D7 Properties represented the buyers, Hilltop I Rentals and Hilltop II Rentals.
WILMINGTON ISLAND, GA., AND MYRTLE BEACH, S.C. – Strategic Storage Trust, Inc. (SSTI), a publicly registered non-traded REIT investing in self storage, has acquired two properties in Georgia and South Carolina consisting of approximately 1,050 self storage units for a total of $11.4 million. The sites add approximately 142,690 square feet to SSTI’s rental storage space and will be rebranded under the SmartStop Self Storage name. The acquisitions are Phase II of a three-phase acquisition of a 16-property portfolio that contains more than 1.1 million square feet and approximately 8,560 self storage units in South Carolina, Florida and Georgia. These two properties include 570 units at 4777 Highway 80 in East Wilmington Island and 480 units at 3015 Ricks Industrial Park Dr. in Myrtle Beach.
MONTGOMERY, ALA. – An 843,715-square-foot industrial building on 78 acres in Montgomery’s Westport Industrial Park has sold to HRE Montgomery 2, LLC, which will redevelop and offer space for lease in the property. Located at 4919 Westport Blvd., it is situated just off U.S. Highway 80 between Interstate 65 and the Montgomery Regional Airport. David Barber and Dan Stubbs of Binswanger’s Atlanta office represented the seller, KBT AL LLC.
OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.
TROY, OHIO — Crown Equipment Corp. has purchased the 165,000-square-foot Stillwater Technologies building at 1040 S. Dorset Road in Troy. Stillwater, a contract manufacturer, will continue to occupy its current space in the building, while Crown Equipment — a producer of material-handling equipment — will move into a space formerly occupied by robotics manufacturer Motoman. The building features 20,000 square feet of office space, 24-foot clear ceiling heights and heavy power. Tim Echemann of Industrial Property Brokers and Norm Khoury of Cassidy Turley represented the sellers in the transaction.
OCEANSIDE, CALIF. – A 45,000-square-foot industrial property in Oceanside has sold to Precision One Ventures for $3.9 million. The property is located at 3923 Oceanic Drive. Precision One will occupy about 70 percent of the building. A new tenant signed a lease for the balance of the property during the transaction. Precision One was represented by Greg Pieratt and David Howard of Lee & Associates’ North San Diego County office.