SAN MARCOS — NAI REOC Austin has brokered the sale of a 64,733-square-foot industrial property, located at 1000 Civic Center Loop in San Marcos. Jerry Heare of NAI REOC Austin, along with Garrett Gibson of Houston-based Gibson & Granello, represented the buyer, Houston-based DCV Development, in the transaction. The seller was SH Leggitt Co.
HOUSTON — Jones Lang LaSalle has arranged the lease of 21,688 square feet of industrial space, located at 2030 W. Sam Houston Pkwy. N. in Houston. Jarret Venghaus of Jones Lang LaSalle's Houston office represented the tenant, EIS Office Solutions, in the lease transaction. Ed Bane of Holt Lunsford Commercial's Houston office represented the landlord, Real Associates Fund VI.
CERRITOS, CALIF. — A 27,985-square-foot industrial building in Cerritos has sold to a buyer in the automotive industry for $2,966,410. The building was constructed in 1969 and includes 4,500 square feet of office space. Christopher Sheehan and Adam Deierling of Colliers’ South Bay office represented both the buyer, which will act as an owner-user, and the seller, a private investor.
BESSEMER, ALA. — Birmingham, Ala.-based Southpace Properties has arranged the $2.6 million sale of the 72,600-square-foot Academy Business Park, a four-property industrial park located on Powder Plant Road in Bessemer. Rich Vanchina of Southpace Properties represented the seller, 2226 Academy, in the transaction. Michael Randman, also of Southpace Properties, represented the buyer, an investor.
TETERBORO, N.J. — Chicago-based Sitex Realty Group has acquired 125 and 200 Central Ave., a 210,009-square-foot industrial complex in Teterboro. The facility at 125 Central Ave. includes 104,213-square-foot of space and 200 Central Ave. is a 105,796-square-foot facility. Gary Sauerborn, Jeffrey DeMagistris and Thomas Vetter of NAI Hanson represented the seller, John Landers of the Marschall Warehouse Co. in the transaction. Sitex plans to lease and renovate the space, including a new office build-out.
CARROLLTON — Dallas-based CASE Commercial Real Estate Partners has brokered the sale of a 6,000-square-foot industrial property, located at 1800 Trinity Valley in Carrollton. The buyer, BKTN Development plans to use half the facility for its offices and the other half for storage. David Tuttle of CASE's Fort Worth office represented the buyer in the transaction. Joe Longest with Dallas-based Joe Longest Co. represented the seller, Metroplex General Assembly Hall.
CASA GRANDE, ARIZ. – The Graham Packaging building, a 100,000-square-foot industrial property in Casa Grande, has sold to Becknell Industrial for $5,250,000. The property was built in 2004 and is fully leased to global plastic container manufacturer Graham Packaging. Bob Buckley, Steve Lindley and Tracy Cartledge with Cassidy Turley BRE Commercial’s Capital Markets Group represented both the buyer and the seller, an entity controlled by Cal Cap Advisors of California, in this transaction.
SAN DIEGO — Canyon Terrace, a 28,444-square-foot industrial property in San Diego, has sold to Prinbo, LLC for $2.9 million. Prinbo soon plans to relocate its company, Swagelok, to the flex building. The company was represented by Glenn Arnold of Cassidy Turley. Randy LaChance and Jon Danton out of Voit’s San Diego office represented the seller, LMC Camino Santa Fe.
WHITE MARSH, MD. — Cushman & Wakefield has brokered the $16.25 million sale of the 218,532-square-foot White Marsh Commerce Center, located at 10001 Franklin Square Dr. in White Marsh. Included in the sale was a 13-acre development site that can accommodate an additional building of up to 220,000 square feet. The property is fully leased to C&J Graphics, Turn Key Office Installations and Creative Touch Interiors. Cristopher Abramson, Brian Kruger, Nicholas Signor, Michael Elardo and Christoper Wright of Cushman & Wakefield's Baltimore office represented the seller, Corporate Office Properties Trust, in the transaction and procured the buyer, Industrial Income Trust.
EVANSVILLE, IND. — Skanska USA has acquired Evansville-based Industrial Contractors Inc. (ICI) and its affiliated companies for $135 million. ICI is a contractor in the commercial, industrial and energy markets of the Midwest and its affiliates include Professional Consultants Inc., Tri-State Refractories Corp. and Industrial Equipment Inc. The newly acquired company will become an operating unit of Skanska USA Civil and will be known as Industrial Contractors Skanska. The current management team of ICI will remain in place.