PHILADELPHIA — Teva Pharmaceutical Industries has purchased 140 acres at the Omni Logistics Center, located at 1 Red Lion Road in Philadelphia, and plans to construct a 1.2 million-square-foot distribution center. John Binswanger, Clive Mendelow and Paul French of Philadelphia-based Binswanger represented Teva in the land acquisition.
ESCONDIDO, CALIF. – Realty Income, which is based out of Escondido, Calif., has acquired a 12-property industrial portfolio that spans across eight states in a sale leaseback. The portfolio contains a total of 300,000 square feet that is currently leased to one of the nation’s largest environmental services companies. Financial terms were undisclosed. David Sobelman, Calkain Companies’ executive vice president, and Doug Wright, director of the firm’s industrial division, represented the private equity firm that managed the operational transaction.
ANAHEIM, CALIF. — DAUM Commercial Real Estate Services has sold a 16,695-square-foot industrial building in Anaheim for $2,225,000. Chris Migliori of the firm’s Orange County, Calif., office represented the seller, Newport Hill Corporation. The buyer was represented by Lee & Associates.
HANOVER, MD. — DTLR has signed a 139,500-square-foot lease for an industrial building, located at 1300 Mercedes Dr. in Hanover. DTLR will consolidate its corporate office headquarters with its main distribution center at the new location in January 2012. John Wilhide and Mike Roden of CB Richard Ellis' Baltimore office represented the tenant in the lease transaction. Ben Meisels of Cushman & Wakefield's Baltimore office represented First Potomac, the landlord.
JACKSONVILLE, FLA. — IEM has signed an 86,000-square-foot lease, located at 11902 Central Pkwy. in Jacksonville. Jeff Graham of King Industrial Realty of Florida —CORFAC International's Jacksonville office represented Exeter Property Group, the landlord, in the lease transaction. Aaron Zarle of Jacksonville-based Grubb & Ellis — Phoenix Realty Group represented the tenant.
SHELTON, CONN. – Woodbridge, Conn.-based Inno-Haven has purchased an 18,000-square-foot property at 1 Controls Dr. in Shelton, which the company plans to renovate. NanoViricides, Inc. will lease the renovated laboratory and manufacturing space from Inno-Haven. Bruce Wettenstein of Vidal/Wettenstein negotiated the property's sale.
MOUNT OLIVE, N.J. – Ypsilanti, Mich.-based Bosal USA has leased 103,000 square feet of industrial space in the 217,548-square-foot International Trade Center, located at 200 International Dr. in Mount Olive. The International Trade Center's landlord is Mount Olive Industrial Realty Co. Stan Danzig, Jules Nissim, Steve Elman, Robert Adams and Cathy Bounczek of Cushman & Wakefield's East Rutherford, N.J. office represented the tenant. Bosal will move into their new space in October.
BURLINGTON, MASS. – Dyax Corp. has signed a 45,000-square-foot, 10-year lease in the 933,000-square-foot Network Drive at Northwest Park, located at 55 Network Dr. in Burlington. Dyax is moving its corporate headquarters to the space from Cambridge, Mass. Peter Bekarian and Bryan Sparkes of Jones Lang LaSalle represented the tenant, while Tamie Thompson and Tyler Spring of Jones Lang LaSalle represented the landlord, Nordblom Co.
YORBA LINDA, CALIF. – A 30,992-square-foot industrial building located at 22951 E. La Palma Ave. in Yorba Linda has sold for $3.2 million. Chris Migliori out of DAUM Commercial Real Estate Services’ Orange County, Calif., office represented the sellers, Kenneth and Cheryl Meadows. The buyer was represented by Associate Commercial Brokers.
RIVERVIEW, FLA. — VF Imagewear has signed a 220,000-square-foot, full-building lease at Oak Creek I, located at 8221 Eagle Palm Dr. in Riverview. Rick Narkiewicz of CB Richard Ellis' Tampa office represented the landlord in the transaction and John Jenkins, also of CBRE's Tampa office, represented the tenant.