CHANTILLY, VA., AND LANDOVER, MD. — Rockville, Md.-based Washington Real Estate Investment Trust has sold the remaining two properties in its industrial portfolio, the 324,412-square-foot Dulles Business Park in Chantilly and the 150,000-square-foot 6100 Columbia Park Road in Landover, for $70.6 million. The buyer of the portfolio was a joint venture between AREA Property Partners and the Adler Group. The sale proceeds of the full portfolio total $350 million.
PHOENIX — Pacifica Real Estate Group LLC has purchased a 108,287-square-foot distribution building in Phoenix for $6.25 million. The building was constructed in 1994 and is fully leased to Tharco. Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE’s Phoenix office, and Scott Schumacher and Kevin Shannon from the firm’s Torrance, Calif., office represented the seller, The Realty Associates Fund VI LP.
COLTON, CALIF. — Best Drilling and Pump has purchased 9.8 acres of industrial land in Colton for $2,338,934. The drilling and testing company plans to occupy about 5.3 acres of the land after it relocates from its current location in Bloomington, Calif. NAI Capital, which represented both the buyer and the seller, SRC Pellisier, has been retained to lease the remaining 4.5 acres. Teresia Knight of the firm’s Ontario, Calif., office worked directly with the parties on this transaction.
SAN DIEGO — IDS Realty JV II has purchased a 411,245-square-foot industrial/warehouse building in the Kearny Mesa submarket of San Diego for an undisclosed sum. The multi-tenant building is currently 85 percent leased. IDS was represented by IDS Real Estate Group in this transaction. CBRE’s Jack Fraker, Darla Longo, Barbara Emmons, Louay Alsadek, Rob Merkin and Brent Wright represented the seller, who was not named.
SAVANNAH, GA. — Judge Organization has signed a 277,000-square-foot lease for a build-to-suit warehouse in Centerpoint Intermodal Center in Savannah. John Neely of Colliers International's Savannah office represented Centerpoint Properties, the landlord, in the lease transaction.
CHICAGO — Duke Realty Corp. has acquired a nine-building industrial portfolio, totaling 1.79 million square feet for a reported $100 million. Eight of the buildings in the portfolio are located in Chicago, and a ninth building is in Corona, Calif. The seller, Boston-based TA associates, was represented by Mike Caprile, Ted Staszak and Stephanie Park of CB Richard Ellis. The nine properties are fully leased.
FORT WORTH — Ecolab has signed a 101,500-square-foot industrial lease at 1801 Riverbend W. Dr. in Fort Worth. Richard Minker of CASE Commercial Real Estate Partners' Fort Worth office represented the landlord, Michael Milliorn, and Ken Boyd of Dallas-based Jackson Cooksey represented the tenant.
ST. LOUIS — Trane USA Inc. has leased 67,848 square feet of industrial space at Trade Center V, located at 13899 Corporate Woods Trail in St. Louis. Vince Bajardi and Jake Corrigan of the Sansone Group's St. Louis office represented the owner in the transaction. Trane USA was self-represented.
SECAUCUS, N.J. — Holliday Fenoglio Fowler LP has arranged $6 million in financing for 501 and 601 Penhorn Ave., two industrial buildings totaling 100,000 square feet in Secaucus, N.J. Holliday Fenoglio Fowler worked on behalf of Bhasin Properties to secure the long-term, fixed-rate loan through Principal Real Estate Investors. Both properties are fully leased.
TOMS RIVER, N.J. —Strategic Storage Trust, a self-storage REIT, purchased a 630-unit self-storage property in Toms River, N.J. for $5.7 million. Located at 3200 Route 37 E., the facility consists of two three-story buildings. John Barry of Investment Real Estate LLC represented Strategic Storage Trust in the transaction.