MIAMI — Franklin Street Real Estate Services has arranged the $3.9 million sale of a 122,000-square-foot warehouse, located at 5701-5703 NW 35th Ave. in Miami. Joel Kattan and Hernan Prohaszka of Franklin Street's Fort Lauderdale, Fla., office represented Solomon-Kalback South Building, LLC, the seller. The buyer was Galei Opa, a local company which will relocate its manufacturing operations to the facility.
Industrial
FINDLAY, OHIO — Toledo, Ohio-based Signature Associates has negotiated the sale of 35,802 square feel of industrial space, located at 1525 Lima Ave. in Findlay. Megan Malczewski and Bob Mack of Signature Associates represented the seller, DTS Refueling Systems, in the transaction. The buyer was undisclosed.
DALLAS — Colliers International has brokered the sale of three industrial facilities, located at 4812, 4821 and 4842 Top Line Dr. in Dallas. The facilities total 142,401 square feet and are currently 84 percent occupied. The buildings were a part of a 278,166-square-foot, seven-building portfolio, known as the Mercantile Quaker Industrial portfolio, which is now completely sold. William B. Jordan, a local investor, purchased the buildings from Mercantile Quaker Industries, represented by Colliers’ Phil Rosenfeld, Matt Thompson and Allen Gump. The other four buildings in the portfolio were purchased earlier this year.
IRVINE, CALIF. — Voluspa has signed a five-year lease for 84,816 square feet of space at an industrial building in Irvine. Located at 2900 McCabe Way, the building received four viable offers within its first 45 days on the market, according to Kevin Turner, senior vice president in Voit’s Irvine office. Turner, along with Michael Hartel, also of Voit, represented the landlord, Crown Associates Realty, in the transaction. The lease is valued at $2.96 million.
MOORESVILLE, N.C. — Choate Construction has been selected to build a 310,000-square-foot plant for Niagara Bottling in Mooresville. The new plant will create approximately 66 jobs and invest $45 million into the area within the next 3 years. The facility will include multiple German fabricated injection and blow molding lines. BDG Design Group is the architect for the project.
OLIVE BRANCH, MISS. — Watson Pharmaceuticals' Anda Distribution division has planed to construct a 234,000-square-foot pharmaceutical distribution facility at Crossroads Distribution Center, located off Highway 78 in Olive Branch. Atlanta-based IDI has been selected to build the facility, which will employ approximately 70 workers when the company relocates from its current facility in Groveport, Ohio. The Mississippi Development Authority provided $23.5 million for the construction and outfitting of the facility. Completion is slated for the second quarter of 2012.
PACIFIC, MO. — St. Louis-based NAI Desco has arranged the $1.8 million sale of an 85,000-square-foot industrial building and 4.1 acres of undeveloped land, located at 15 Industrial Dr. in Pacific. Dan Hayes of NAI Desco represented the seller, Abell Real Estate Partnership. The buyer was WROB Co.
BELLINGHAM, MASS. — Central National-Gottesman Inc. (CNG) has signed a 12-year, 130,850-square-foot industrial lease at the 190 Mechanic St. warehouse facility in Bellingham. The 210,700-square-foot warehouse is now 100 percent leased. CB Richard Ellis’ Robert Gibson and Ed Jaroz represented the owner, an affiliate of Paradigm Properties, and David Post of Northeast Realty Consultants represented CNG.
STAFFORD — Arch-Con Construction recently broke ground on a concrete tiltwall and structural steel building in Stafford for Puffer Sweiven, an oil and gas provider. Puffer Sweiven’s expansion comprises 40,500 square feet of warehouse space and approximately 5,500 square feet of office space. The project is slated for a fourth quarter 2011 completion.
DALLAS — Colliers International has brokered the following sales of two industrial buildings in the Stemmons Corridor in Dallas totaling 47,294 square feet: Hydro Temp, Inc. has purchased a 27,934-square-foot building at 8710 Empress Row that includes 3,552 square feet of office space. Shannon Owens of Glacier Commercial represented Hydro Temp, and Colliers’ Tom Pearson, Phil Rosenfeld and Matt Thompson represented the seller, Marbenall Properties Ltd. JPA Capital LLC has purchased a 19,360-square-foot building at 8918 Governors Row. Pearson, Rosenfeld and Thompson represented Marbenall in the transaction. Texas Chalkboard, Inc., which is owned by JPA’s owner Jerry Pham, will occupy the building.