DALLAS — Colliers International has closed the sale of a 337-acre industrial site in south Dallas' Inland Port area. The purchase includes the site as well as two rail easements. Tom Pearson, Chris Teesdale and Ward Richmond of Colliers represented the seller, Sherman-based American Bank of Texas, in the transaction.
DENVER – A 77,210-square-foot lot in Denver that contains three industrial buildings has sold to WalBlake, LLC for $3.3 million. This was the highest price per square foot paid for land in the RINO district, according to Sam Leger and Tim Finholm of Unique Properties, LLC – TCN Worldwide. The pair represented the sellers, Gregory Land Co. and Gregory Companies, in this transaction. The property is located at 3601-3655 and 3707 Walnut Street.
KANSAS CITY, MO. — Smith Electric Vehicles US Corp. has renewed its lease for 80,000 square feet of industrial space at 9200 NW 112th St., Building 2 in Kansas City. The company produces zero emission commercial electric vehicles. David Hinchman, Mike Mitchelson, Joe Orscheln, Brian Staton and Nicki Garret of CBRE Group represented the tenant in the transaction. The landlord is the Kansas City Aviation Department.
LOGAN TOWNSHIP, N.J. — Multi-Employer Property Trust (MEPT) has acquired the Kimberly-Clark Corp. Distribution Center, located at 1150 Commerce Blvd. in Logan Township for $36.1 million. The Class A property is situated within the LogistiCenter at Logan industrial park. Completed in 2009, the 566,500-square-foot property features 32-foot clear ceiling heights, expansive column spacing and 267 permanent trailer positions. Michael Hines, Michael Blunt, Brian Fiumara and Brad Ruppel of CBRE Group represented the seller, Northwestern Mutual. Bentall Kennedy advised MEPT on the sale.
SAN ANTONIO — NAI REOC has arranged Sygma Network's lease renewal and expansion of 257,250 square feet of industrial space at Rittiman Industrial Park, a 1.18 million-square-foot industrial property located in San Antonio. John Turcotte of NAI REOC represented the landlord, Delaware-based DCT Rittiman, in the lease transaction.
ORLANDO, FLA. — A 15,000-square-foot industrial property at 6101 Anno Ave. in Orlando has traded. The property was built in 1962 and includes two commercial buildings on 1.5 acres. Richard Matricaria of Marcus & Millichap’s Orlando office represented the unlisted seller and Joe LaFleur also of the firm’s Orlando office secured the buyer, a private investor. The industrial property is located six miles south of downtown Orlando.
ALLENTOWN, PA. — Marcus & Millichap has arranged the $5.3 million sale of the Pepsi Distribution Center, a 71,500-square-foot net-leased property in Allentown. Glen Kunofsky, Preet Sabharwal, Judson Kauffman and Zachary Weiss of Marcus & Millichap represented the seller, a private investor. Kunofsky secured the buyer.
KATY — EastGroup Properties is going to begin the first phase of Ten West Crossing, a 40-acre business park located on Merchants Way near Interstate 10 and Mason Road in Katy. The first stage of development will include a 45,000-square-foot flex facility and a 67,000-square-foot light industrial property. On full build-out, Ten West Crossing will span 552,000 square feet. EastGroup and its leasing partner InSite Realty worked closely with the Katy Area EDC on the development.
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WIXOM, MICH. — R2 Energy Inc. has signed a lease for 21,500 square feet of industrial space at 30110 Wixom Road in Wixom. R2 Energy specializes in alternative energy solutions, such as wind, solar and waste conversion. Jim Montgomery and David Giltner of Signature Associates represented the landlord, International Wixom, in the transaction.