IRWINDALE, CALIF. — Superior Communications has renewed its lease for 225,030 square feet at 5027 Irwindale Avenue in Irwindale. The property serves as the company’s corporate headquarters and distribution facility. The lease is valued at $14 million. Superior was represented by Studley’s Joshua Gorin and Marcus Arredondo. The building is owned by Clarion Partners, who was represented by Phil Lombardo of Cushman & Wakefield.
Industrial
KNOXVILLE, TENN. — NAI Knoxville has brokered the $1.07 million sale of a 61,000-square-foot industrial building, located at 5049 S. National Dr. in Knoxville. Scott Recycling purchased the building from Clayton Bank & Trust. NAI Knoxville represented both parties in the transaction.
PLAINFIELD AND GREENFIELD, IND. — CB Richard Ellis has arranged a $24.42 million loan on behalf of Welsh Property Trust for the acquisition of two industrial buildings in Plainfield and Greenfield totaling 1.37 million square feet. Joel Torborg of CB Richard Ellis' Minneapolis office arranged the 10-year loan with a 30-year amortization schedule through Allianz Life Insurance Co.
SUMNER, IOWA — Binswanger has negotiated the sale of a 150,444-square-foot warehouse facility, located at 1021 W. First St. in Sumner, for an undisclosed price. Gerry Norton of Binswanger's Minneapolis office represented First Industrial Realty Trust, the seller, in the transaction. Life Line Emergency Vehicles was the buyer.
HOUSTON — Exel has leased 191,537 square feet of industrial space at 8705 City Park Loop in Houston. Edward Bane of Houston-based Holt Lunsford Commercial represented the landlord, TA Associates Realty, and Sam Brown of Sam H. Brown, Inc., represented the tenant.
DALLAS — Hutton Communications has renewed its lease for 76,220 square feet of industrial space at 2007 Royal Ln. in Dallas. Ken Wesson and Adam Graham of Lee & Associates' Dallas/Fort Worth office represented the landlord, Cabot Properties and Roy Reis of Mohr Partners represented the tenant.
REDONDO BEACH, CALIF. — Internap Network Services Corporation has leased a 136,000-square-foot building in Los Angeles’ South Bay submarket. Internap was represented by the Jones Lang LaSalle Critical Solutions teams of Michael Siteman, Mike Dolan and Darren Eades. The landlord, KTR South Bay, was represented by Luke Staubitz, Harvey Beesen and Andrew Dilfer in the Los Angeles office of the Klabin Company/CORFAC International.
SAN JOSE, CALIF. — DHL Solutions (USA) has renewed its lease at two warehouse facilities in the Prologis Trimble Park in San Jose. The total amount of space the company is leasing here totals 82,800 square feet. The first warehouse/distribution building is 49,733 square feet and located at 450 Trimble Road. The second facility is 33,067 square feet and located at 470 Trimble Road. Greig Lagomarsino of Colliers International’s Oakland office represented DHL Solutions. Prologis is the landlord.
BREA, CALIF. — Harmony Properties, LLC has purchased a 45,560-square-foot industrial property at 1425 Moonstone Street in Brea for at $4.055 million. Harmony was represented by Luke Hudson of Lee & Associates in Orange, Calif. The seller, PSIP CAM Brea LLC, an affiliate entity of Los Angeles-based Cohen Asset Management, was represented by Ian Britton and John Long, both based in Colliers’ Orange County office, along with Tom Dorman of CBRE
TIMONIUM, MD. — Cassidy Turley has brokered the $4.15 million sale of the 40,151-square-foot Deereco I, a flex building located at 9474 Deereco Rd. in Timonium. Jon Carpenter and Jay Wellschlager of Cassidy Turley's Baltimore office represented the seller, Deereco I, LLC, in the transaction. Abrams Development Group was the buyer.