NEW YORK CITY — Massey Knakal Realty Services has arranged the $11 million sale of a four-story warehouse and storage facility in Brooklyn's Crown Heights. The 140,000-square-foot building is located at 1000 Dean St. The first floor includes loading docks, a storage area and several offices. The remaining three floors are used for storage and are accessible by two freight elevators and two staircases. Michael Amirkhanian and John F. Ciraulo of Massey Knakal represented the buyer and seller in the deal.
Industrial
AZUSA, CALIF. — Newmark Realty Capital has arranged $8 million for Joe Blum of Rawson, Blum & Leon to purchase the Atrium in Azusa. The Atrium is a 124,228-square-foot office and industrial complex. The 10-year loan was secured prior to the property going under contract. The firm’s Eric Von Berg, Tom Dao and Kana Yujuico received a loan commitment from one of Newmark’s correspondent lenders. The firm will also be servicing this loan.
PORTLAND, TENN. — Boston-based STAG Industrial has purchased a 414,043-square-foot warehouse and distribution center, located at 3150 Barry Dr. in Portland, for $13.1 million. The property is fully leased to RB Distribution Inc., a subsidiary of Dorman Products Inc. Approximately 6 years remain on the lease term.
WORTHINGTON, OHIO — Hudson Bearings LLC has purchased a 24,898-square-foot industrial property in Worthington for an undisclosed amount. The building is located at 7060-7064 Huntley Rd. Matt Murtha of Cassidy Turley's Columbus office represented the seller, Eglehoff-L&K Properties, in the deal.
LOS ANGELES — Barker Pacific Group and Artemis Real Estate Partners have formed a joint venture to acquire self-storage assets throughout the Southwestern U.S. Their first investment was a 112,590-square-foot King Road Self-Storage in San Jose that was purchased for $8.45 million. The facility features 1,039 storage units, as well as surface parking for boat and RV storage. King Road was lender-owned. The brokers for the seller were Chico LeClair and Nicolas Walker of Marcus & Millichap. Barker Pacific represented itself in this transaction.
WASHINGTON, D.C. — DCT Industrial Trust has signed a long-term lease with a subsidiary of a Fortune 500 company for its 179,000-square-foot Phase II at Dulles Summit, located in the Dulles Corridor submarket of Washington, D.C. The first building is slated for completion in the third quarter of 2012 and the second building will be complete in the first quarter of 2013. Rob Rakusin of Seefried Properties' Atlanta office, along with Steve Cloud of Transwestern's Vienna, Va., office represented the landlord in the lease transaction.
ONTARIO, CALIF. — Two manufacturing buildings in Ontario have been purchased by Rexford Industrial for $4.8 million. The buildings reside on 8.93 acres adjacent to Ontario International Airport. This was an off-market, sale-leaseback transaction that was executed on behalf of Rexford Industrial Fund V REIT. The seller, Plastics ResearchCorporation, has signed a 10-year lease to fully occupy the buildings at 1400 South Campus Ave. Dan Foye of Daum Commercial represented both Rexford and Plastics Research in this transaction.
NORWALK, CONN. — SalesOne LLC has purchased an industrial property at 16 Fitch St. in Norwalk for $1.5 million. SalesOne is a jewelry and accessories manufacturer and will use the facility to expand its operations. The building was previously occupied by Harco Fitch Co. Bruce Wettenstein of Vidal/Wettenstein LLC represented the buyer in the deal.
ONTARIO, CALIF. – A 102,878-square-foot, Class A distribution facility in Ontario has sold to Industrial Income Trust for $8,333,000. The facility is located at 5505 Concours Street and includes 65,572 square feet of cooler space. Clyde Stauff and Ian DeVries of Colliers International represented both the buyer and the seller, the Caldwell Company, in this transaction.
SANTA ANA, CALIF. — Edinger Business Park, a 61,923-square-foot multi-tenant industrial and office park in Santa Ana, has sold to Frome Developments Omega, LLC for $4.7 million. The three-building property was 91 percent occupied at the time of sale. The park is located at 1560, 1570 and 1580 E. Edinger Ave. Frome was represented by Dan Vittone and Alan Pekarcik of Voit’s Irvine office in this transaction.