SANTA ANA, CALIF. — Lee & Associates has managed the $3.2 million trade of a 46,417-square-foot industrial building located at 1039/1045 4th St. in Santa Ana. David Williams of Lee & Associates Commercial Real Estate Services – Orange represented the seller, Premier Commercial Bank, in the transaction, and Dylan Gormly of Lee & Associates-Irvine represented the buyer, Manser Family Trust.
BIRMINGHAM, ALA. — Downtown Storage of Birmingham, a 75,897-square-foot, 627 storage unit self-storage facility has sold for $2.5 million to Ala.-based Metro Mini Storage. The seller, a financial institution out of California, was represented by Michael A. Mele of Marcus & Millichap's National Self-Storage Group and Nicholas Walker of Marcus & Millichap's Ontario, Ca., office. The buyer was represented by Edwin Greenhalgh of Marcus & Millichap's Birmingham office.
KANSAS CITY, KAN. — Gershon Investments has acquired 1333 Washington in Kansas City. Edwin E Hollandsworth sold the 32,752-square-foot industrial property sold for an undisclosed price. Paul Neal of Grindstone Industrial Properties negotiated the transaction.
KANSAS CITY, KAN. — Freight Concepts has leased 49,137 square feet of industrial space at 30 Osage in Kansas City. Terms of the 4-year lease were not disclosed. The landlord is Premier Investments. Paul Neal of Grindstone Industrial Properties brokered the transaction.
LOS ANGELES — Newmark Knight Frank has brokered the $9.3 million sale of a 57,000-square-foot warehouse building, located two blocks from Los Angeles International Airport at 5651 West 96th Street. China Airlines Ltd. acquired the facility to accommodate an increase in cargo shipments. Newmark Knight Frank’s Ron Burkhardt, Steve Kolsky, Michael Arnold and Jeff Bhathal represented the seller, Avila 8 LLC, in the transaction, and Michael Tsaparian of Lee & Associates represented the buyer.
NASHVILLE, TENN. — DCT Industrial Trust leased 390,620 square feet to an undisclosed products manufacturer for an undisclosed price. The cross-dock distribution building, which is a joint venture between DCT Industrial and IDI, totals 556,000 square feet and features a 32-foot clear height, an ESFR sprinkler system and a 180-foot secured truck court. Don Kent and Clinton Gilbreath of the CB Richard Ellis' Nashville office represented the tenant, and Steve Preston of the CB Richard Ellis' Nashville office and Douglas Johnson of the CB Richard Ellis' Chicago office represented the landlords.
SANTA CLARA, CALIF. — Cassidy Turley BT Commercial and Kidder Matthews have brokered the $5.2 million sale of a 97,307-square-foot warehouse property located at 725 and 825 Mathew Street in Santa Clara. Situated just west of the San Jose International Airport, the development consists of two mid-size warehouse buildings and a small, freestanding, single-story office building. Previously leasing at the location, Diana Land Two LLC, doing business as Diana Fruit Co., purchased the complex from Triad Investments LLC, which was represented by Cassidy Turley BT Commercial’s Kevin Sweatt and Charles Strouss of Kidder Matthews. The producer of Maraschino Cherries will maintain occupancy of its 33,574 square feet of warehouse space at the property.
CARLSBAD, CALIF. — Cassidy Turley BRE Commercial has negotiated the $1.2 million purchase of an industrial building, located at 2704 Gateway Road in the Bressi Ranch area of Carlsbad. With a conditional-use permit from the city, Waterworks Aquatics’ newly built 8,700-square-foot swim facility will serve all of north San Diego County. Cassidy Turley BRE Commercial’s Dennis Visser and Aric Starck represented both Waterworks Aquatics and the seller, LJR LLC, in the transaction. Orange County’s number one swim school and aquatics center company is scheduled to open its state-of-the-art indoor swim facility on April 28.
TIPTON AND WHITELAND, IND. — Lee & Associates – Indianapolis has brokered the sales of two properties in Indiana. In the first transaction, Steve Beals of Lee & Associates represented the Truss Partners in the acquisition of a 53,700-square-foot industrial facility, which is located at 840 S. County Road 550 West in Tipton, for an undisclosed price. Steve Beals of Lee & Associates represented the buyer; the seller, 84 Lumber, was self-represented in the transaction. In the second deal, Mike Kensill of Lee & Associates negotiated the sale of an 8,100-square-foot office facility, located at 410 N. U.S. 31 in Whiteland, for an undisclosed price. Kensill represented the buyer, D&M LLC, and the seller, First Financial Corp., in the transaction.
OXNARD, CALIF. — Industrial Park Associates has negotiated the $1.95 million purchase of a 7,200-square-foot building, located at 1720 Mountain View Ave. in Oxnard. IPA’s Michael Wax represented the buyer, Juan & Amelia Lujan of J & A Precooling, in the transaction, and CB Richard Ellis represented the seller, N & H Enterprises LLC.