DENVER – Halliburton has committed to creating a major sand terminal that will accommodate more than 500 of the company’s employees inside the Great Western Industrial Park in the Denver-Julesburg (DJ) Basin. This new project will serve energy production demand in the DJ Basin and Niobrara Formation. The sand storage facilities will be built on a 54-acre site within the park. Construction will commence this quarter, while operations will begin in the second quarter. The Great Western Industrial Park was developed by The Broe Group.
TAMARAC AND FORT LAUDERDALE, FLA. —A four-property industrial portfolio, located in Tamarac and Fort Lauderdale, has sold for $18.9 million. The properties include the 125,000-square-foot Tamarac Business Center, located at 6701 Nob Hill Rd. in Tamarac; the 49,100-square-foot Tamarac Commerce Center, located at 6501 Nob Hill Rd. in Tamarac; the 10,000-square-foot Sunny Morning Foods, located at 5330 NW 35th Ave. in Fort Lauderdale; and the 24,490-square-foot Sun Sentinel Building, located at 3585 Nw 54th St. in Fort Lauderdale. Malcolm Butters of Coconut Creek, Fla.-based Butters Realty & Management, along with Douglas Mandel of Marcus & Millichap's Fort Lauderdale office, represented the seller, an affiliate of the Butters family, in the transaction. The buyer was Denver-based Industrial Income Trust.
NEW YORK CITY — Ariel Property Advisors has closed the $1.2 million sale of a Brooklyn industrial property, located at 79-85 Georgia Ave. The 15,000-square-foot property is currently being used as a garage. Jonathan Berman and Jesse Deutch of Ariel represented the seller in the transaction. The buyer was a building tenant.
GRAND PRAIRIE — Lee & Associates has secured a 154,330-square-foot industrial lease, located at 701-721 S. Parkway Dr. in Grand Prairie. Mark Graybill and Donnie Rohde of Lee & Associates' Fort Worth office represented the landlord, First Industrial, in the lease transaction. Noel Hutcheson of Colliers International's Dallas office represented the tenant, Amalgamated Sugar Co.
NORCROSS, GA. — An affiliate of BPG Properties, Ltd., has recently signed leases totaling 44,276 square feet at one of its 57,844-square-foot buildings at Atlantic Industrial Park, located at 3004-3028 Adriatic Ct. in Norcross. Georgia Trading Post renewed its 30,593-square-foot lease, Ratrix leased 6,240 square feet and A&H Wholesales leased 7,623 square feet. Lee Cardwell of Colliers International's Atlanta office represented Ratrix in its lease transaction. Matt DiLeo and Wendy Tomich of Stream Realty Partners' Atlanta office are the leasing agents for the property.
ATLANTA — Atlanta-based IDI has plans to begin construction on the 650,000-square-foot Building A, a speculative industrial property located at Riverside Business Center in Atlanta. The building will be built to LEED certification. Completion is slated for the third quarter of 2012. When complete, Riverside Business Center will include 1.2 million square feet of warehouse and industrial space. In addition, there are two commercial sites on the property totaling 20 acres, which will be used for retail and commercial uses.
SADDLEBROOK, N.J. — JA Cosmetics, which manufactures the e.l.f. line of beauty products, is moving from its Patterson, N.J. facility to a 132,000-square-foot industrial site at 45 Mayhill St. in Saddlebrook. The new unit includes an 18-foot ceiling height and 116-car parking. Jeffrey DeMagistris and Thomas Vetter of NAI Hanson represented the landlord, Jos Muscarelle, in the transaction.
LA MIRADA, CALIF. — Ahern Rentals has signed a 10-year lease for a 125,000-square-foot industrial space in La Mirada. The facility is located at 16930 Valley View Ave. The equipment rental company plans to use the facility for its construction equipment rental business. Ahern Rentals was represented by Chris Koceman of Delta Mobility. Jeff Hubbard of Lee & Associates’ Los Angeles-Central office represented the landlord, 16930, LLC, in this transaction.
ODENTON, MD. — The ground lease for a 4,000-square-foot, single tenant, net-leased M&T Bank property, located at Annapolis Road and Blair Drive in Odenton, has sold for $4.02 million. Michael Shover, Tom Gorman and Matthew Gorman of Marcus & Millichap's Philadelphia office represented the seller, a Baltimore-based developer, in the transaction. The all-cash buyer is based in Manhattan.
PINEVILLE, N.C. — MPE USA has purchased a 70,340-square-foot warehouse, located at 10424 Rodney St. in Pineville, for $1.69 million. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer's Charlotte, N.C., office represented First Industrial B&L, the seller, in the transaction. Ian Bertolina of Charlotte-based Bertolina Commercial Real Estate represented the buyer.