HOUSTON — Marcus & Millichap has arranged the sale of the 36,000-square-foot Gardendale Warehouses, an industrial property located at 5707 Gardendale Drive in Houston. Andrew Jewett of Marcus & Millichap's Houston office represented the seller, a Texas partnership, in the transaction and secured the buyer, a private investor.
PLEASANT PRAIRIE, WIS. —The Missner Group has completed a build-out for Catalyst Exhibits' 145,000-square-foot warehouse, office and production facility in Pleasant Prairie. The company recently relocated its headquarters from Crystal Lake, Ill. to southeast Wisconsin. The 22,000-square-foot project included the addition of corporate offices, design studios, conference rooms and a cafe space with a full-kitchen and espresso bar. Catalyst Exhibits is a designer and fabricator of trade show displays. The property is located at 7809 100th St.
DALLAS — Chicago-based Consolidated Distribution Corp. has opened a 50,000-square-foot distribution center, located in Dallas. The new distribution center will serve the Unified Foodservice Purchasing Co-op, which manages the Yum! Brands Inc. and its restaurant systems, including KFC, Pizza Hut, Taco Bell, A&W and Long John Silver's.
BRISBANE, CALIF. — A 132,000-square-foot warehouse facility in Brisbane has sold to William Spencer for $16 million. William Spencer is considered both an owner/user and an investor in this transaction. The facility is located at 325 Valley Drive. The buyer was represented by Marshall Hydorn of Cassidy Turley. The seller was IAC 325 Valley Drive, LLC.
SAN JOSE, CALIF. — Relectric Supply Company has leased a 76,972-square-foot industrial building in North San Jose that is located at 2390 Zanker Road. Relectric is relocating from a 26,000-square-foot facility it had leased on nearby Rogers Avenue. The new space will provide Relectric with warehouse/manufacturing and office space. The company was represented by Steve Horton and Kelly Yoder with Cassidy Turley. The building is owned by RREEF.
DES MOINES — A partnership between The Toro Co. and Ryan Cos. has broken ground on a 450,000-square-foot distribution center near Des Moines. Toro will lease the facility from Ryan Cos. once construction is completed later this year. Toro plans to move its distribution operations from its current facilities in Lakeville, Minn. and Beatrice, Neb. to the new Des Moines facility. The facility will employ about 20 people. The Toro Co. manufactures lawn care products such as mowers and irrigation systems.
ANDOVER, MASS. — Physical Sciences Inc., a research and development firm, has signed a 65,000-square-foot lease renewal at the New England Business Center in Andover. Physical Sciences fully occupies Building 20, which includes 49,000 square feet of office space and 16,000 square feet of laboratory space. Michael Dalton of Cassidy Turley FHO's Boston office represented the tenant in the transaction. Kerry Hawkins and Andrew Majewski of CBRE's Boston office represented the landlord, New Boston Fund Inc.
BIRMINGHAM, ALA. — Graham & Co. has negotiated the $2.45 million sale of a 45,000-square-foot industrial property, located at 350 Industrial Dr. in Birmingham. Ogden Deaton of Graham & Co.'s Birmingham office represented Prime Properties of Alabama, the buyer, in the transaction. SCP 350 Industrial LLC was the seller.
COLUMBUS, OHIO — Morris, Smith & Fehy (MS&F) Inc. has arranged a $4.5 million first mortgage loan for a 63,744-square-foot industrial building in Ohio. The property is fully leased to Ferro Corp., a producer of specialty materials and chemicals, which are sold to a range of manufacturers. The 15-year loan has a 15-year amortization schedule. Jeff Morris of MS&F's Columbus office originated the loan on behalf of Davis Development Group.
BOSTON — Suffolk Construction has been selected to build a $21.5 million bioprocessing center at the University of Massachusetts Dartmouth. Located on a four-acre site 10 miles off campus, the 38,000-square-foot facility will serve as an incubator space for small life science companies in Fall River's SouthCoast BioPark. Companies can test their biomanufacturing processes in the facility while paying a monthly rent that is lower than traditional lab space. The facility will include a variety of laboratories such as research, development, training and quality control. The project will also include a warehouse area, lecture rooms and office space. Construction is expected to begin this April. The project is slated for completion in 2013.
