MIAMI LAKES, FLA. — A joint venture between The Easton Group and Marcus Capital Partners Fund I has sold eight buildings in the Miami Lakes Research & Industrial Park, located at 14400-14560 NW 60th Ave. in Miami Lakes, to The Graham Companies for $14.3 million. The remaining three buildings in the park sold last year to Fonga for $4.6 million. The 11 buildings total 394,000 square feet, and the campus is 50 percent leased to HeartWare.
Industrial
SHREVEPORT, LA. — Lexington Realty Trust has purchased a 258,000-square-foot, build-to-suit industrial facility, located in Shreveport, for $13 million. The newly constructed building is net-leased to The Tire Rack.
NORCROSS, GA. — A 55,000-square-foot industrial and showroom building, located at 430 Technology Parkway in Norcross, has sold for $4.5 million. The building is fully leased to Simmons Bedding Co. through 2018 and serves as the company's flagship location. Tom Shafer, John Hinson and CJ Kelly of Atlanta-based Resource Real Estate Partners represented Healey Investments, the seller, in the transaction. 430 Tech Realty LP. was the buyer.
NEW YORK CITY — A 58,500-square-foot former warehouse, located at 71 Laight St. in Manhattan's Tribeca neighborhood, has sold to Taconic Investment Partners for $65 million. The building will be repositioned into a 34-unit, loft-style condominium building. Inbal Himelblau and Alan Miller of Eastern Consolidated represented the seller, a Spanish partnership former by developer Grupo Arranz Acinas, industrial company Grupo Antolin and savings bank Caja de Burgos. Peter Hauspurg, also of Eastern Consolidated, represented the buyer.
HOUSTON — Satterfield & Pontikes Construction has been awarded a $1.2 million expansion project for a testing laboratory in Houston. The 9,200-square-foot project includes a 4,600-square-foot addition along with renovations to the existing 4,600-square-foot laboratory, which belongs to Goodman Manufacturing Co. The construction will include upgrading HVAC systems, improving electrical systems, plumbing upgrades, thermal protection, fire suppression and window/door glazing.
POINT RICHMOND, CALIF. – Nutiva is relocating its corporate headquarters from Oxnard to 213 West Cutting Blvd. in Point Richmond. The company has subleased about 100,000 square feet inside a 237,000-square-foot warehouse/distribution building. Nutiva was represented by Adam Peterson and Justin Grilli with Cassidy Turley BT Commercial in Pleasanton. The landlord was represented by Todd Severson, Greig Lagomarsinoand Sean Sabarese of Colliers International in Oakland.
REDLANDS, CALIF. — Continental Tire North America has signed a 24-month lease renewal for 497,714 square feet of industrial space in Redlands. The facility is located at 27223 Pioneer Ave. Continental Tire has fully occupied this site since 2009. The company was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood of Voit Real Estate Services’ Inland Empire office. The landlord, Prologis, represented itself in this lease transaction.
MOORPARK, CALIF. – A 21,505-square-foot industrial property in Moorpark has sold to Cosaro and Tagliati Trusts for $3 million. The property is located at 5245 Maureen Lane. It was constructed within a master-planned business park built in the 1990s. The trusts were represented by Timothy Foutz of NAI Capital’s Encino office. The seller was F&B Industrial Investments, and LLC.
SACRAMENTO, CALIF. — Ridge Capital has purchased 290 acres at the Southport Business Park in West Sacramento. The firm plans to sell entitled parcels within the site that range in size from three acres to 116 acres. Ridge Capital will also consider build-to-suit developments. The sites can accommodate buildings from 20,000 square feet to 2 million square feet. Ridge Capital was represented by Matt Lofrano, Bill Niethammer, Mark Demetre and Mike Zimmerman of Jones Lang LaSalle’s Sacramento office. The team will also advise the firm on its future sales and development of the land. Ridge Capital was also advised by investment managers Carlo Mormorunni and Mike Diepenbrock.
FORT LAUDERDALE, FLA. — Marcus & Millichap has brokered the $2.73 million sale of the 42,365-square-foot American Changer Corp. distribution facility, located at 1400 NW 65th Place in Fort Lauderdale. Douglas Mandel of Marcus & Millichap represented the seller, a limited liability company from Boca Raton, Fla., in the transaction. Mandel also represented Boston-based Cabot Properties, the buyer. The property is fully leased to American Changer.