TEMPE, ARIZ. — Agua Del Sol, a manufacturer and distributor of thermal solar-powered products and equipment, has signed a three-year lease for 23,124 square feet at 602 W. 22nd Street in Tempe. After acquiring the assets, distribution network and product lines that were previously held by Integrated Solar, Agua Del Sol plans to combine and relocate their Deer Valley and Stafford locations to the Tempe facility. DPR Realty’s Lisa Hoffman represented Agua Del Sol. Marc Tuite and Kris Martin of Cassidy Turley BRE Commercial’s Industrial Services Group represented the landlord, Spectrum Investments 602, LLC.
Industrial
BEAUMONT, CALIF. — CT Realty Investors has acquired the Dowling Orchard Business Park in Beaumont. Dowling includes two new industrial warehouse buildings totaling 572,143 square feet. In addition to the business park, CT also acquired 30 acres of land entitled for a 611,000-square-foot building, which should begin construction in 2012. The industrial park and land were acquired from Oakmont Dowling Orchard, LLC for an undisclosed sum. The all-cash sale was facilitated by Bill Heim and Eloy Covarrubias of Lee & Associates Ontario.
NASHVILLE, TENN. — A joint venture between Mississippi-based StateStreet Group and Tennessee-based Mathews Co. has acquired the 41,000-square-foot Buchanan Station, located at 1650 Elm Hill Pike in Nashville, from First Industrial Realty Trust for $2.32 million. The multi-tenant flex property is currently 94 percent leased. David McGahren of Cassidy Turley's Brentwood, Tenn., office represented the seller.
CHARLOTTE, N.C. — Rooms to Go has signed a 180,000-square-foot lease at Chemway Industrial Park, located at 1531 Tarheel Rd. in Charlotte. The company will relocate to the new space from its previous 160,000-square-foot facility in Ft. Mill, S.C. Warren Snowdon of Cushman & Wakefield — Thalhimer's Charlotte office represented the tenant in the lease transaction.
LAVERGNE, TENN. — Charlotte, N.C.-based TPT has sold an 8,990-square-foot, single-tenant industrial building, located at 140 Charter Pl. in LaVergne, to Charter Place Partners for $1.2 million. J.P. Lowe of Nashville, Tenn.-based Chas. Hawkins Co./CORFAC International and Scott Hensley of Charlotte-based Piedmont Properties/CORFAC International represented the seller in the transaction.
TWINSBURG, OHIO — Grubb & Ellis has negotiated the $2.1 million sale of a 98,000-square-foot warehouse facility, located at 2200 E. Highland Rd. in Twinsburg. Terry Coyne of the Grubb & Ellis' Cleveland office represented the seller, 2200 Highland, LLC, and Jeff Kennedy, also of the firm's Cleveland office, represented Refined & Reclined dba Crossroads Furniture & Cleveland Syrup, the buyer, in the transaction.
CARSON, CALIF. — AZ West, the Western arm of third-party logistics firm AZ Container Freight Station, has leased a 300,000-square-foot industrial property within the master-planned Watson Corporate Center in Carson. The six-year lease is valued at about $12.5 million. The transaction is among the South Bay’s largest single-building industrial leases in 2011 in terms of square footage, according to Watson Land Company. CBRE’s Bret Quinlan, Bill Waxman and Mike Rizzo represented AZ West in the transaction. Watson Land Company, owner of Watson Corporate Center, was represented in-house by Lance Ryan and Mike Bodlovich.
LOS ANGELES — Hager Pacific Properties has recently secured three leases at two of its Los Angeles-area industrial properties. The leases encompass 256,093 square feet of space and boast a total value of $6.8 million. Cosmetic Enterprises has signed a six-year lease renewal valued at about $4.5 million for 110,000 square feet at Pacoima Industrial Park in Pacoima, Calif.; Natural Balance has signed a three-year lease for an expanded 60,000-square-foot space at Pacoima Industrial Park valued at about $1.2 million; and CA Liquidators signed a three-year lease with a five-year option to extend for 86,093 square feet at Hager’s 7344 Bandini Blvd. facility in the City of Commerce, Calif.
SAN DIEGO — Voit Real Estate Services has sold a 24,000-square-foot industrial flex property in the Rancho Bernardo submarket of San Diego to Swinerton Incorporated for $2.6 million. Swinerton will move its San Diego headquarters to the new building, which is located at 16798 West Bernardo Drive. Voit’s Paul Brown represented Swinerton, while Brian Mulvaney and Bruce Sanders, also of Voit, represented the seller, DBA, West Bernardo Office Partners, LLC.
MIAMI — Coconut Creek, Fla.-based Butters Construction & Development has been selected by New York-based fund KTR Capital Partners to construct a 500,000-square-foot, multi-phased industrial project in the Pam Am West Industrial Business Park in Miami. The development will contain institutional-grade distribution and warehouse facilities.