HOUSTON — Henry S. Miller Brokerage has arranged the sale of 317 Allen Genoa, a 20,000-square-foot office/warehouse located in southeast Houston. Doug Bates of Henry S. Miller represented the seller, CJ Holdings, in the transaction. John Littman of Cushman & Wakefield Texas represented the buyer, Houston Refining, an entity of Lyondellbasell.
HOUSTON — Coldwell Banker Commercial United, Realtors has secured the sale of 10707 Sharmon, a 10,500-square-foot industrial property located off Sam Houston Parkway in north Houston. Marvin Gerber of Coldwell Banker represented the seller in the transaction. Patrick Wolford of The National Realty Group represented the buyer.
COSTA MESA, CALIF. — A 112,296-square-foot, single-tenant distribution center in Costa Mesa has received $17.7 million in first-lien financing. The building is located at 1650 Sunflower Ave. It was renovated in 2008 and is fully leased to Federal Express Corporation. The 10-year, 4.65 percent fixed-rate loan was arranged by HFF’s John Chun on behalf of Daymark Realty Advisors through Allstate Investments, LLC.
TEMPE, ARIZ. – The Elliot Business Park in Tempe is completing its final phase, which includes 316,000 square feet of investment-grade warehouse distribution space. The park will contain 1 million square feet once it’s completed at the end of 2012. The two buildings are the first speculative industrial projects the Southeast Valley has seen since the first quarter of 2008, according to CBRE’s Phoenix office, which is handling the project’s leasing. One of the buildings has been preleased to Clear Energy Systems. The other 158,000-square-foot building, which is also under construction, is the only available space at the business park. The new buildings were designed by Euthenics Architecture and are being built by DL Withers Constructions. The park is owned by Tempe Marketplace Commerce Associates LLP and its affiliate, Transpacific Development Southwest. CBRE’s Jerry McCormick, John Werstler and Cooper Fratt head up the park’s leasing efforts.
RIALTO, CALIF. – Hillwood Investment Properties and Brookfield Asset Management have received a $12-million acquisition loan for the South Rialto Logistics Center. The 328,691-square-foot industrial building is located at 3700 S. Riverside Ave. It also includes 8.8 acres of developable land and 2,100 square feet of office space. The short-term, first-mortgage debt was provided by Steve Fried of Mesa West. The partnership purchased the property from California Public Employees' Retirement System (CalPERS) in early 2012 in an all-cash transaction. It was the first property acquired by the partnership, which plans to invest up to $1 billion in industrial properties over the next three years.
HOLLYWOOD AND DANIA BEACH, FLA. — KTR Capital Partners has purchased a 13-building industrial flex/warehouse portfolio totaling 520,000 square feet, located in Hollywood and Dania Beach. The properties range in size from 24,000 square feet to 64,000 square feet. The portfolio is 95 percent leased. The company plans to invest additional capital to reposition the assets.
VINELAND, N.J. — Townsend Farms has purchased a 215,508-square-foot manufacturing and cross-dock warehouse building at 3501 South East Blvd. in Vineland for $2.1 million. Townsend Farms plans to use the facility for processing and freezing berries from local growers. General Mills leases a portion of the building and will remain as a tenant. Marc Policarpo of Binswanger represented the seller, Vineland Development Corp., in the transaction.
HOUSTON — HFF has secured the sale of a 13-property, 1 million-square-foot industrial portfolio located in the Greater Houston area. The portfolio is 98 percent occupied by 46 tenants. The properties include 12603 and 12613 Executive in Stafford; 505 and 525 Julie Rivers Road and 12505 Reed Road in Sugar Land; 4000 Greenbriar, 1240-1270 Silber, 7215 Wynnwood, 7240 Wynnpark, 8280 and 8270 Willow Place North, 13161-13175 Misty Willow Drive and 9305-9323 Millsview Road in Houston. Rusty Tamlyn and Trent Agnew of HFF represented the seller, DCT Industrial Trust, in the transaction. The buyer was Mayfield Properties.
CARROLLTON — Colliers International has arranged the sale of a 119,620-square-foot industrial property, located at 2615 Belt Line in Carrollton. Noel Hutcheson of Colliers' Dallas/Fort Worth office represented the buyer, Milestone Distributors, in the transaction. David Little Real Estate represented the seller, 2615 Belt Line LLC.
HOUSTON — Holt Lunsford Commercial brokered a 167,731-square-foot industrial lease, located at 8609 City Park Loop in Houston. John Kruse of Holt Lunsford Commercial represented the landlord, TA Associates Realty, in the lease transaction. Sam Brown of Sam H. Brown Inc. represented the tenant, Exel Inc.