ONTARIO, CALIF. – Cardenas Markets has signed a 10-year lease for 263,000 square feet in Ontario. The space is located at 2501 East Guasti Road. It is within a 420,000-square-foot, multi-tenant industrial building. The new lease will allow Cardenas to expand its headquarters and distribution operations, which currently resides in a 420,000-square-foot space in Ontario. The landlord, MK Associates LTD, was represented by Joe Miller of Voit Real Estate Services. Miller worked with Mike Leifer of Palmieri, Tyler, Wiener, Wilhelm & Waldron on land-use issues, as well as with Ruben Goodsell, Peter McWilliams and Michael McCrary of Jones Lang LaSalle on the marketing assignment.
Industrial
ATLANTA — Mailing Avenue Stageworks, an 85,000-square-foot film and television production facility, has opened on a five-acre site close to historic Grant Park in Atlanta. An investment group led by Paul Raulet, John Raulet and Tyler Edgarton acquired a former industrial building at 1144 Mailing Ave. for the film and television production facility. The stage features 31-foot ceiling heights and an 80-by-120-foot filming area. “Georgia’s attractive incentive program, as well as talented workforce, a variety of locations and accessibility give it a competitive edge over other states,” says Lee Thomas, director of the Georgia Film, Music & Digital Entertainment Office. “As a result, we continue to experience a wealth of productions choosing Georgia for their projects.” Mailing Avenue Stageworks will be available for lease in January 2013.
CHARLOTTE, N.C. — Consumer Programs Inc., a wholly owned subsidiary of portrait studio operator CPI Corp., has sold a 59,492-square-foot warehouse and office building and two land parcels in Charlotte to Worldwide Ventures Inc. for $1.6 million. The property is located at 11001 Park Charlotte Blvd. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer represented Consumer Programs, and Lawrence Shaw of Colliers International represented Worldwide Ventures.
ONTARIO, CALIF. – Cardenas Markets has signed a 10-year lease for 263,000 square feet in Ontario. The space is located at 2501 East Guasti Road. It is within a 420,000-square-foot, multi-tenant industrial building. The new lease will allow Cardenas to expand its headquarters and distribution operations, which currently resides in a 420,000-square-foot space in Ontario. The landlord, MK Associates LTD, was represented by Joe Miller of Voit Real Estate Services. Miller worked with Mike Leifer of Palmieri, Tyler, Wiener, Wilhelm & Waldron on land-use issues, as well as with Ruben Goodsell, Peter McWilliams and Michael McCrary of Jones Lang LaSalle on the marketing assignment.
GARDEN GROVE, CALIF. – A 125,000-square-foot industrial building in Garden Grove has sold to Ranger West Two, LLC for $12.7 million. It is located at 12101 Western Ave. Ranger West was represented by Peter Castleton of Voit Real Estate Services and Todd Clarke of Kidder Matthews. The seller, 12101 LLC, was represented by Tim Arguello of Lee & Associates – Newport Beach.
FONTANA, CALIF. – A 111,419-square-foot industrial building in Fontana has sold to Molto Capital, LLC for $7.8 million. The Class A building is located at 13508 Marlay Ave. It includes 4,000 square feet of office space. Molto was represented by Brad Yates, Richard Schwartz and Stefan Pastor of Colliers International. The seller, C.H. HU Corporation, an ownership entity of Organize It All, represented itself in this transaction.
ATLANTA — McDonald Development Co. has sold two Class A bulk warehouse and distribution buildings totaling 850,000 square feet within SouthPark Business Park in Atlanta’s Airport/South Atlanta submarket to LaSalle Investment Management Inc. The industrial sale includes the 400,000-square-foot SouthPark 4600, which is leased to FedEx SmartPost, a subsidiary of FedEx Corp. It also includes the 450,000- square-foot SouthPark 3100, which is leased to BrandsMart USA, a consumer electronics and appliance retailer. Stewart Calhoun, David Meline, Samir Idris, Casey Masters and Darice Fichter Rose of Cushman & Wakefield represented McDonald Development Co.
CHEEKTOWAGA, N.Y. — Summer Industries has acquired the former GT/Schwinn Bicycle office, warehouse and distribution facility in Cheektowaga for $2 million. The facility is 84,070 square feet. Summer Industries manufactures tubes, cores and canisters made from recycled paperboard. Eric Tudor and Particia Collins of Coldwell Banker Commercial represented the seller in the transaction. Peter Jaremka of JR Militello Realty represented the buyer.
GARDEN GROVE, CALIF. – A 125,000-square-foot industrial building in Garden Grove has sold to Ranger West Two, LLC for $12.7 million. It is located at 12101 Western Ave. Ranger West was represented by Peter Castleton of Voit Real Estate Services and Todd Clarke of Kidder Matthews. The seller, 12101 LLC, was represented by Tim Arguello of Lee & Associates – Newport Beach.
FONTANA, CALIF. – A 111,419-square-foot industrial building in Fontana has sold to Molto Capital, LLC for $7.8 million. The Class A building is located at 13508 Marlay Ave. It includes 4,000 square feet of office space. Molto was represented by Brad Yates, Richard Schwartz and Stefan Pastor of Colliers International. The seller, C.H. HU Corporation, an ownership entity of Organize It All, represented itself in this transaction.