SAN DIEGO — CapRock Partners has purchased two industrial buildings in San Diego that total 36,826 square feet. The properties were acquired through an all-cash transaction via an auction process at a courthouse in San Diego County. The purchase price was not disclosed. The adjacent buildings are located at 9225 and 9245 Brown Deer Road in the Sorrento Mesa/Miramar submarket. They were constructed in 1989. The firm plans to renovate the space before selling to individual owner-users. Mickey Morera and James Duncan of Cushman & Wakefield will market the properties.
Industrial
LAS VEGAS — Cheyenne Technology Center, a 172,328-square-foot industrial business park in North Las Vegas, has sold to Voit Real Estate Services for $11.9 million. The property, formerly known as the North Port Business Center, contains six office/flex/industrial buildings. It was 52 percent leased at the time of sale. Voit plans to invest $700,000 in upgrades to the property. Financing for the acquisition was provided by Wells Fargo Bank. Garrett Toft, Eric Larkin and Zac Zaher of Voit’s Las Vegas office will be the exclusive leasing agents for the property.
ST. LOUIS — McCarthy Building Cos. has started construction of a $10 million renovation for ELANTAS PDG, a specialty polymer supplier. The 32,000-square-foot ELANTAS complex is located on Second Street in St. Louis. The building was constructed in the 1930s and the project includes a full gut and remodel of the space. Crews will also add 4,000 square feet to house mechanical systems. St. Louis-based Burns & McDonnell designed the project, which is expected to be complete by August 2013.
SAN DIEGO — Layfield Environmental Systems Corporation has signed a seven-year lease for 67,344 square feet of industrial space in the East County submarket of Spring Valley. It is located at 2500 Sweetwater Springs Blvd. Layfield will be expanding and relocating from El Cajon. This was the largest industrial lease signed in East County in the past five years, according to Cassidy Turley San Diego, which represented Layfield. Kerry Schimpf and Cameron Czubernat led the Cassidy Turley team. The landlord, Rancho San Diego Industrial Center LLC, was represented by CBRE’s Ron Bement.
BOSTON — HKS Capital Partners has arranged $18.7 million in permanent mortgage financing for two self-storage facilities. The properties are located in Boston and Washington, D.C. Chad Johnson of HKS Capital Partners arranged the 10-year loan.
TEXAS CITY — HDA Architects has finished a 165,000-square-foot distribution center for Del Papa Distributing, located in Texas City. The facility features an atrium space with a linear skylight and custom wood casework throughout the main corridors.
HOUSTON — NAI Houston has arranged the sale of a 10,000-square-foot industrial property, located at 14230 Interdrive E. in Houston. Travis Land and John Ferruzzo of NAI Houston represented the sellers, Gary and Vickie Long, in the transaction. The buyer was Realrona, Inc.
SEAFORD, DEL. — Flow Smart, a polymer product company, has purchased 213 Nesbit Drive in Seaford for $1.7 million. The 60,000-square-foot industrial building was formerly occupied by Century Window Fashions before slipping into foreclosure in late 2011. Rodney Joyner and Tom Knopp of Sperry Van Ness — Miller Commercial Real Estate represented the seller, WSFS Bank, in the transaction. Rob Harman, also of Sperry Van Ness, represented the buyer.
UNION CITY, CALIF. – A 60,000-square-foot warehouse facility in Union City has sold to Coastal Tropical for $5 million. The facility is located at 2975 Volpey Way. The seller, Golden Apple, plans to relocate to a 38,800-square-foot warehouse one block away. Coastal Tropical was represented by CBRE’s Bob Ferraro and David Black. Golden Apple was represented by Jesse Lucas and Craig Hagglund of Lee & Associates’ Oakland office.
AUSTIN — Dungan Storage Warehouse, a 14,000-square-foot, 18-unit self storage facility located at 1706 Dungan Lane in Austin, has sold. The purchase also includes undeveloped land that is currently being used for commercial and recreational parking. Joe Linsalata of Linsalata Realty Services represented the seller in the transaction. The buyer, Kenan Hemingway Investment Corp., was self-represented by Gregg Hemingway.