STERLING, VA. — Terreno Realty Corp. has purchased a 69,000-square-foot industrial property, located one mile from the Washington Dulles International Airport in Sterling, for $6.1 million. The property is fully leased to one tenant.
LANSING, MICH. — Stag Industrial Inc. has acquired a warehouse and distribution facility in Lansing for $6.6 million. The 129,325-square-foot building was constructed in 2002 and renovated in 2008. The facility is fully leased to Joseph T. Ryerson & Son, a subsidiary of Ryerson Inc. The company processes and distributes metals such as carbon steel and aluminum products. Joseph T. Ryerson & Son has 7 years remaining on its lease.
ROSENBERG — Grubb & Ellis has brokered the sale of the 145,591-square-foot 235 Benton, an industrial property consisting of eight buildings and 35 acres of land located in Rosenberg. Beth Young, Henry Hagendorf and Frank Onorato of Grubb & Ellis' Houston office represented the seller in the transaction. The buyer was a private investor.
HOUSTON — Marcus & Millichap has arranged the sale of the 36,000-square-foot Gardendale Warehouses, an industrial property located at 5707 Gardendale Drive in Houston. Andrew Jewett of Marcus & Millichap's Houston office represented the seller, a Texas partnership, in the transaction and secured the buyer, a private investor.
PLEASANT PRAIRIE, WIS. —The Missner Group has completed a build-out for Catalyst Exhibits' 145,000-square-foot warehouse, office and production facility in Pleasant Prairie. The company recently relocated its headquarters from Crystal Lake, Ill. to southeast Wisconsin. The 22,000-square-foot project included the addition of corporate offices, design studios, conference rooms and a cafe space with a full-kitchen and espresso bar. Catalyst Exhibits is a designer and fabricator of trade show displays. The property is located at 7809 100th St.
DALLAS — Chicago-based Consolidated Distribution Corp. has opened a 50,000-square-foot distribution center, located in Dallas. The new distribution center will serve the Unified Foodservice Purchasing Co-op, which manages the Yum! Brands Inc. and its restaurant systems, including KFC, Pizza Hut, Taco Bell, A&W and Long John Silver's.
BRISBANE, CALIF. — A 132,000-square-foot warehouse facility in Brisbane has sold to William Spencer for $16 million. William Spencer is considered both an owner/user and an investor in this transaction. The facility is located at 325 Valley Drive. The buyer was represented by Marshall Hydorn of Cassidy Turley. The seller was IAC 325 Valley Drive, LLC.
SAN JOSE, CALIF. — Relectric Supply Company has leased a 76,972-square-foot industrial building in North San Jose that is located at 2390 Zanker Road. Relectric is relocating from a 26,000-square-foot facility it had leased on nearby Rogers Avenue. The new space will provide Relectric with warehouse/manufacturing and office space. The company was represented by Steve Horton and Kelly Yoder with Cassidy Turley. The building is owned by RREEF.
DES MOINES — A partnership between The Toro Co. and Ryan Cos. has broken ground on a 450,000-square-foot distribution center near Des Moines. Toro will lease the facility from Ryan Cos. once construction is completed later this year. Toro plans to move its distribution operations from its current facilities in Lakeville, Minn. and Beatrice, Neb. to the new Des Moines facility. The facility will employ about 20 people. The Toro Co. manufactures lawn care products such as mowers and irrigation systems.
ANDOVER, MASS. — Physical Sciences Inc., a research and development firm, has signed a 65,000-square-foot lease renewal at the New England Business Center in Andover. Physical Sciences fully occupies Building 20, which includes 49,000 square feet of office space and 16,000 square feet of laboratory space. Michael Dalton of Cassidy Turley FHO's Boston office represented the tenant in the transaction. Kerry Hawkins and Andrew Majewski of CBRE's Boston office represented the landlord, New Boston Fund Inc.