CONCORD, N.C. — Beacon Partners has added 68 acres to an existing 54-acre parcel with plans to develop a 1.5 million-square-foot manufacturing facility called RiverOaks Corporate Center. The property is located at the corner of Poplar Tent and Derita Road. As part of the development, Beacon worked with the property owner to donate 28 acres to the Cabarrus County Soil and Water Conservation District, which will serve as an amenity for park employees and be incorporated into the Carolina Thread Trail. Beacon Partners is the developer, ColeJenest & Stone is the civil engineer and Merriman Schmitt Architects is the project architect. Grading of the site will begin in the second quarter of 2013. Jim Plyler and Lester Osborn of Piedmont Properties represented Beacon Partners in the transaction. Glen Tucker of Re/Max represented the property owner.
ATLANTA — STAG Industrial has purchased a 407,981-square-foot warehouse and distribution building, located in Atlanta, for $11.3 million. The property is fully leased to Empire Distributors, which has nine years remaining on its lease. The facility serves as the company's headquarters facility and the main distribution point for the State of Georgia.
ELK GROVE VILLAGE, ILL.— Duke Realty has broken ground on a 229,841-square-foot distribution center for Yusen Logisitics (Americas) Inc. in Elk Grove Village, immediately west of O'Hare International Airport. The facility will be located on a 10-acre site on Busse Road and will feature 30 exterior dock doors and 28,000 square feet of office space. The building is scheduled to open in April 2013. John Suerth of CBRE Group represented Yusen Logistics in the transaction. David Bercu of Colliers International represented Duke Realty.
NOBLESVILLE, IND. — Meritex has sold a 51-acre land site at 146th Street and Howe Road in Noblesville to SMC Corporation of America. Meritex acquired the property in 2008 with the intent of developing a light industrial park totaling more than 500,000 square feet. However, the recession caused a significant drop in demand for new space, says Dan Williams, chief investment officer of Meritex. SMC plans to use the land as an adjunct to its campus. Jeremy Woods of Summit Realty Group represented Meritex in the transaction.
YORBA LINDA, CALIF. – Radius Power has purchased a 34,972-square-foot industrial building in Yorba Linda for $3.8 million. It is located at 22895 Eastpark Drive. The company plans to relocate its headquarters and expand its manufacturing operations at the new facility. Radius Power was represented by Mitch Zehner of Voit’s Anaheim office. The seller, Eastpark Drive, LLC, was represented by Zach Niles of 360 Commercial Partners.
NORCROSS, GA. — Meritex has purchased a 106,945-square-foot warehouse, located at 5965 Peachtree Corners E. in Norcross. The value-add property is 70 percent leased. The buyer plans to enhance landscaping, install a new roof and renovate suite interiors. Resource Real Estate Partners represented the buyer in the transaction.
SAN DIEGO – A 77,760-square-foot industrial building in San Diego has sold to ALCO Investment Company for $4 million. The building is located at 1840 Dornoch Court. ALCO was represented by Darren Mullins and Erik Parker of Cassidy Turley San Diego. The seller, CRE LJ CA, LLC c/o OneWest Bank, was represented by Tim Winslow, Jason Kimmel, Kevin Nolen, Trevor Jenson and Regan Tully, also of Cassidy Turley.
RANCHO DOMINGUEZ, CALIF. — Davis Trucking, LLC has leased a 57,600-square-foot warehouse/distribution facility in Rancho Dominguez. The company plans to relocate its Los Angeles operations to the new facility, which is located at 3090 Via Mondo. It is relocating from nearby Carson. The seven-year lease was valued at $2.8 million. Davis Trucking was represented by Tommas Golia of Pacific Coast Commercial. The landlord, KTR Capital Partners, was represented by Frank Schulz, Todd Taugner and David Prior in Klabin/CORFAC’s Torrance office.
CHANDLER, ARIZ. — Warner Commerce Park, an 85,985-square-foot industrial property in Chandler, has sold to Dalfen America for $3.35 million. The center is located at 455-495 E. Warner Road. The REO property was sold by US Bank. The sale included two manufacturing/distribution buildings, a 50,436-square-foot building at 455 E. Warner and a 35,551-square-foot building at 495 E. Warner. Dalfen America was represented by Pete Klees, Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial.
MIAMI — The 302,825-square-foot Aventura Industrial Center, located at 555 NE 185th St. and 320 NE 187th St. in Miami, has sold for $18.7 million. The two-building property is fully leased. Christian Lee, Charles Foschini, José Antonio Lobón, David Albert, Devin White, Chris Riley and Brian Budnick of CBRE Group represented Principal Real Estate Investors, the seller, in the transaction.