SUGAR LAND — CBRE has brokered the sale of a 12,500-square-foot industrial property, located at 10507 Fallstone Rd. in Sugar Land. Glynn Mireles of CBRE's Houston office represented the seller, Houston-based Kamal and Reema Dama, in the transaction. Luke Thao Dinh, an independent broker, represented the buyer, Quotran Corp.
GASTONIA, N.C. — CTL Packaging USA has selected Red Rock Developments to develop its new $58 million, 226,000-square-foot facility at Gastonia Technology Park, located one mile north of Interstate 85 in Gastonia. The new facility will house CTL's North American operations and is expected to create 131 jobs during the next 4 years. Construction will begin in November or early December.
ARDSLEY, N.Y. — Rand Commercial Services has closed the $3.9 million sale of an 80,000-square-foot warehouse in Ardsley, N.Y. Paul Adler and Ann Silver of Rand Commercial's White Plains, N.Y. office represented both parties in the transaction. The buyer was Elm Street Sport Group LLC.
ONTARIO, CALIF. — Philadelphia Place Business Park, a 45,907-square-foot, Class A industrial facility in Ontario, has sold to Summit Machine for $3,940,000. The automotive parts manufacturer will utilize the property for its operations. Jeff Smith and John Seoane of Lee & Associates’ Ontario office represented the seller, Lampson Beach Properties, in this transaction.
DORAL, FLA. — Franklin Street Real Estate Services has negotiated the $3.67 million sale of the 44,100-square-foot Emerald Farms property, an industrial facility located at 9800 NW 17th St. in Doral. Joel Kattan and Hernan Prohaszka of Franklin Street's Fort Lauderdale, Fla., office represented the buyer, GK Emerald, an entity that includes K.G. International and a sister company, in the transaction. Nick Wigoda of Jones Lang LaSalle's Miami office represented the seller, Wells Fargo Bank, which acted as Trustee for JP Morgan Chase.
CHARLOTTE, N.C. — Cushman & Wakefield Sonnenblick Goldman's Atlanta office has arranged $25.7 million in acquisition debt financing on behalf of a partnership between AREA Property Partners and DW Management Co. The partnership used the funds to purchase a 559,750-square-foot building, located at 12801 Jamesburg Dr. in Charlotte, and a 443,520-square-foot building, located at 1075 Taylor Rd. in Chicago. A domestic bank provided the 5-year loan.
PLYMOUTH, MICH. — Signature Associates has negotiated the lease of 34,885 square feet of industrial space, located at 44895 Helm Court in Plymouth to The Kroger Co. of Michigan. Steve Gordon of Signature Associates' Southfield, Mich., office represented the landlord, Dembs Roth Group.
AUSTIN — Linsalata Realty Services has brokered the sale of the 49,200-square-foot Granada Self Storage, a self-storage facility located at 201 W. Stassney Ln. in Austin. A-A-A Storage Stassney, LLC, purchased the property with financing from Amplify Credit Union. The facility includes 576 self storage units and a five-bay car wash. Joe Linsalata of Linsalata Realty brokered the transaction on behalf of the buyer.
MIRAMAR, FLA. — Atlanta-based IDI has started construction on the 264,074-square-foot Miramar Centre Business Park Building A, located at 15701 SW 29th St. in Miramar. The speculative distribution center and warehousing facility will be built to LEED Silver certifications standards. The 70-acre Miramar Center business park is projected to have 10 buildings totaling more than 1 million square feet. Currently, there are seven buildings totaling 600,000 square feet on the site. Completion for Building A is slated for July 2012.
GREENVILLE, S.C. — NAI Earle Furman has brokered the $2.99 million sale of a 63,600-square-foot industrial property, located at 1290 Ridge Rd. in Greenville. Earle Furman, Jon Good and Alexi Papapieris of NAI Earle Furman's Greenville office represented the undisclosed seller in the transaction. The buyer was Image Investments.