HOUSTON — Houston-based Standard Equipment Co. has selected Satterfield & Pontikes Construction to build four industrial properties totaling 185,000 square feet at its corporate headquarters complex in northwest Houston. Standard Equipment awarded Satterfield & Pontikes the $13 million project, which will include a 54,000-square-foot flex building and three crane-served industrial buildings.
Industrial
MCDONOUGH, FAIRBURN AND BRASELTON, GA. — An affiliate of USAA Real Estate Co. has acquired a three-building, 2.8 million-square-foot industrial portfolio in metro Atlanta. The Class A bulk distribution warehouses are fully occupied by Home Depot USA Inc., Owens Corning Insulating Systems LLC and PETCO Animal Supplies Stores Inc. Home Depot’s 1.2 million-square-foot distribution center is in McDonough, Owens Corning’s 1 million-square-foot distribution center is in Fairburn and PETCO’s 506,200-square-foot distribution center is in Braselton. “The Atlanta industrial portfolio offers a unique opportunity to acquire three premier quality distribution facilities within a core inland port market,” says Pat Duncan, chairman and CEO of USAA Real Estate Co. The buildings benefit from their proximity to the Port of Savannah.
DURHAM, N.C. — Crown Realty & Development has sold a 182,160-square-foot industrial property at 4400 Emperor Blvd. in Durham to Pizzagalli Properties for $11.5 million. The Class A facility is fully leased and situated on approximately 14.32 acres within the Imperial Center Business Park in Durham’s Research Triangle Park/I-40 submarket. Christopher Norvell, James Allaire and Catharine Spangler of Cushman & Wakefield/Thalhimer represented Crown Realty & Development in the transaction.
MIAMI — Ameriworld Enterprises Inc., which provides furnished offices, warehouse space and back-office support services to foreign companies and their subsidiaries looking to expand into the United States, has signed a 124,000-square-foot industrial lease at 3325 N.W. 70th Ave. in Miami’s Airport West submarket. The company is expanding and relocating from its previous 65,000-square-foot space in Opa-Locka, Fla. Steven Medwin and Nick Wigoda of Jones Lang LaSalle represented Prologis, the landlord, in the transaction. Mike Waite and Jim Armstrong of Easton & Associates represented Ameriworld Enterprises Inc.
CRANBURY, N.J. — Matrix Development Group has sold 102 Melrich Road, a 103,350-square-foot distribution facility in Cranbury. In conjunction with the sale, Tris Pharma, a pharmaceutical company, has leased the property from the new owner. The single-story property is situated on eight acres, and is less than two miles from the Exit 8A interchange of the New Jersey Turnpike. The property was constructed in 1977 and expanded in 1987. David Zimmel of Zimmel and Associates represented the buyer in the transaction.
DURHAM, N.C. — Research Tri-Center North VI, located at 2223 N.E. Creek Pkwy. in Durham, has traded for $24 million. The Silverman Group sold the 422,000-square-foot Class A industrial property to Sentinel Data Centers. It is fully leased and located within the 2.4 million-square-foot Research Tri-Center industrial park, the largest industrial park in the Raleigh-Durham region. Christopher Norvell and Scot Humphrey of Cushman & Wakefield/Thalhimer represented The Silverman Group. Their colleague, James Allaire, represented Sentinel Data Centers.
SAN DIEGO – A 17,210-square-foot industrial manufacturing building in the San Diego submarket of Miramar has sold to 7505 Trade Street, LLC, dba United Auto Body, for $2.1 million. It is located at 7505 Trade Street. Arnie Friedman and Evan McDonald of Colliers International represented both the buyer and the seller, G. E. Capital, in this transaction.
LAUREL, MD. — Terreno Realty Corp., an owner and operator of industrial real estate in U.S. coastal markets, has acquired an 85,000-square-foot industrial property for approximately $7 million at 14851 Sweitzer Lane in Laurel’s Maryland I-95 Business Park. The rear-load distribution building was built in 1995 and is fully leased to one tenant. Maryland I-95 Business Park is situated adjacent to I-95 between Maryland Highways 198 and 200.
NEW YORK CITY — A 410,000-square-foot industrial property at 385 Gerard Ave. in the Bronx has sold to a storage facility operator for $28.5 million. The former manufacturing building's floor plates make it suitable for conversion to office or continued light industrial and warehouse use. The building is also located between two major Bronx arteries, the Major Deegan and Grand Concourse. Bob Knakal and David Simone of Massey Knakal represented the seller in the transaction. Newmark Grubb Knight Frank represented the buyer.
SAN DIEGO – A 17,210-square-foot industrial manufacturing building in the San Diego submarket of Miramar has sold to 7505 Trade Street, LLC, dba United Auto Body, for $2.1 million. It is located at 7505 Trade Street. Arnie Friedman and Evan McDonald of Colliers International represented both the buyer and the seller, G. E. Capital, in this transaction.