CEDAR PARK –– AAA Storage Water Tower has purchased Water Tower Storage, a 56,000-square-foot facility that has 376 self storage units and 9 boat/RV spaces. The facility is located on New Hope Road in Cedar Park. Joe Linsalata of Linsalata Realty Services represented the buyer and Erwin Lewis represented the seller, LPG warehouses.
ONTARIO, CALIF. – Cobalt Capital Partners, through its Cobalt Industrial REIT III affiliate, has acquired the 111,890-square-foot Dupont Business Center in Ontario, Calif. This marks Cobalt's first expansion into the Los Angeles-area market. Built in 2001, Dupont Business Center consists of two vacant buildings. Cobalt plans to transform the center into multi-tenant suites that range from 15,000 square feet to 111,890 square feet.
MISSOURI CITY –– The Allied Group has purchased Building 3, a 152,800-square-foot industrial facility, in the Lakeview Business Park located at 14623 Fairway Pines Drive. The Allied Group also purchased 31 acres of land in addition to Building 3. The facility will house The Allied Group’s subsidiary Warren Alloy Valve & Fitting Co. Alexander Reilly and Bo Pettit of Boyd Commercial represented the sellers, Trammell Crow Company and affiliates of Crow Holdings Realty Partners IV, and Matt Minnis of CB Richard Ellis and Jim Vann of J. Vann Realty represented The Allied Group.
DALLAS –– NorthMarq Capital has arranged first mortgage financing of $16.5 million for an 11 building portfolio spread across Dallas and Houston. The properties make up 1.6 million square feet of industrial space. Bart Dickinson of NorthMarq’s Dallas office arranged the loan on a 10-year term with a 15-year amortization schedule through its correspondent relationship with Nationwide Insurance.
HEWITT –– FedEx Corp. has broken ground on a 102,000-square-foot distribution facility in central Texas. The site doubles its current capacity with 96 van positions, and is expandable to 120. The new space should allow volume increase, which could lead to increase in hiring for the site, according to FedEx.
ANAHEIM, CALIF. – Sares-Regis has sold the last of the three LEED-Gold industrial buildings that it developed last year in Anaheim to California Manufacturing for $4.3 million. The aerospace manufacturer will occupy the new 31,744-square-foot building. The three buildings are situated on 6.2 acres, and were the first speculative industrial facilities to earn the LEED-Gold rating in Orange County, Calif. Sares-Regis was represented by CBRE's Brad Bierbaum. California Manufacturing was represented by Lee & Associates' David Williams.
KANSAS CITY, MO. — Ball Metal Beverage Container Corp. has sold a 412,699-square-foot industrial property, located at 1800 Reynolds Ave. in Kansas City, to Amerco Real Estate Co. for $4.7 million. Ed Elder, Doug Hedrick and John Delzer of Colliers International's Kansas City office represented the seller, and Mark Fountain and Nick Tinnel of Jones Lang LaSalle's Kansas City office represented the buyer.
RANCHO CUCAMONGA, CALIF. – Lee & Associates assisted Rancho Logistics, LLC in obtaining a 60-month lease for a 172,560-square-foot industrial facility in Rancho Cucamonga. The lease is valued at $3.1 million. Vince Anthony, a principal and senior vice president of Lee & Associates’ Ontario office, represented the tenant. Voit Real Estate represented the landlord, Krausz RC Properties One, LLC.
ELWOOD, ILL. — Malvern, Pa.-based Liberty Property Trust has acquired two industrial buildings at Centerpoint Intermodal Center in Elwood from Mirvac for $60 million. The buildings include an approximately 1.02 million-square-foot warehouse/distribution center located at 212705-07 Mississippi St. and a 213,500-square-foot warehouse/distribution center located at 27413 S. Baseline Rd. The properties are currently 36 percent leased.
AURORA, ILL.; AND PLEASANT PRAIRIE, WIS. — Chicago-based Paine/Wetzel · ONCOR International has arranged two transactions involving industrial buildings in Illinois and Wisconsin. In Aurora, Trigon International purchased a 75,203-square-foot industrial building in the Meridian Business Campus, located at 4000 Sussex Ave., from Duke Realty. Jerry Sullivan and Brandon Wright of Paine/Wetzel represented the buyer and Elise Couston and William Kerrins of the same firm represented the seller. In Pleasant Prairie, Kirsan Engineering purchased a 32,500-square-foot industrial building in LakeView Corporate Park, located at 8201 100th St., from PPG Industries. Sam Badger and Brad Weiner of Paine/Wetzel represented the buyer and Ryan Kehoe of Grubb & Ellis' Rosemont, Ill., office represented the seller.