COMPTON, CALIF. – FedEx has signed a seven-year lease extension for its nearly 158,000-square-foot warehouse/distribution building in Compton. The 62,250-square-foot space is located at 201 W. Manville Street. FedEx was represented by Jeff Kernochan of Fischer & Company. The landlord, 201 W. Manville LLC, was represented by Maury Gentile and Sean O’Donnell of Grubb & Ellis.
JACKSONVILLE, FLA. — Global Income Trust, a real estate investment trust, has acquired an 817,632-square-foot distribution center in Jacksonville for $42.5 million. The Class A industrial building is located within the 1,500-acre Imeson International Industrial Park. It is fully leased to Samsonite LLC, a subsidiary of Samsonite International S.A., the world’s largest travel luggage company, and serves as the primary North American distribution center for Samsonite.
COLUMBIA, S.C. — CMC Construction Services Warehouse, located at 500 Huger St. in Columbia, has sold to Arnold Realty Co., completing an assemblage of properties to be redeveloped for the University of South Carolina. The industrial property adds 1.6 acres to the University development, which will be constructed as a state-of-the-art student housing project that will serve as a gateway to the University’s campus at Blossom and Huger streets. The complete development site totals four acres. Keith Moore of CBRE/Columbia represented Arnold Realty Co.
MIAMI — An affiliate of Doral, Fla.-based The Easton Group has acquired two adjacent industrial buildings totaling 58,954 square feet at 3939 and 3901 N.W. 27th St. in Miami, just east of the Miami International Airport, for $2.9 million. The existing tenant, GA Telesis, signed a five-year lease as part of the transaction. GA Telesis markets, sells and leases aircraft engines. Espirito Santo Bank handled the transaction’s financing.
TAMPA, FLA. — Monument Leasing Co. has sold a 25,800-square-foot warehouse for approximately $1 million to 7902 Anderson Road Crossings LLC, which plans to occupy the building after significant renovations. The building is located in a predominately<
ROSEVILLE, MICH. — LVM Squared LLC has purchased a 16,000-square-foot industrial building at 15900 Common Road in Roseville. Ben Wilkiemeyer and Steve Gordon of Signature Associates represented the seller, Shady Lane Development Co., in the transaction.
ELIZABETH, N.J. — Continental Terminals, the largest handler of specialty coffee in the U.S., has leased a 158,735-square-foot distribution facility in Elizabeth. The facility is located at 535 Dowd Ave. The company plans to use the space for distribution of import commodities. The space features 6,080 square feet of office space, 10 interior loading docks with levelers and one drive-in door. The property is located one mile from New Jersey ports and Exit 13A on the New Jersey Turnpike. Andrew Grabis and Marc Policarpo of Binswanger represented the landlord, Seagis Property Group, in the transaction.
AUSTIN — HID Global has plans to construct a $35 million, 200,000-square-foot operations center in Austin, which will serve as the company's manufacturing and distribution headquarters. HID Global worked closely with the Austin Chamber of Commerce, State of Texas and Travis County to bring the project to fruition. The City of Austin approved a 10-year grant estimated at $920,576, Travis County approved $745,000 in tax incentives and the State of Texas approved HID Global for a $1.9 million Texas Enterprise Fund grant.
MAULDIN, S.C. — Siemens Industry Inc., a maker of mechanical and electrical drive equipment, plans a new 45,600-square-foot assembly and manufacturing facility in Mauldin. The industrial property will place the company’s products closer to machine builders and manufacturers in the Southeast. “The announcement of this plant adds to Siemens’ ability to be a single-source provider of integrated drive train solutions for the industry,” says Doug Keith, president of Siemens Drive Technologies Division.
FORT WAYNE, IND. — Hays & Sons Construction has signed a lease for 3,116 square feet of industrial space at 3819 Superior Ridge Drive in Fort Wayne. John Caffray of NAI Harding Dahm represented the landlord, F&J Enterprises, in the transaction.