LONG BEACH, CALIF. — A two-building, 121,127-square-foot industrial park in Long Beach has sold to Rader Properties Group 14 for $8.25 million. The multi-tenant park is located at 701-733 West Anaheim Street and 700-806 West 14th Street. Colliers’ Patrick Remolacio and Bret Hardy, along with co-listing partners David Prior and Murray Smith of the Klabin Company, represented both the buyer and the seller, Bechler Corp, in this transaction. Bill Townsend of INCO Commercial, also assisted with this transaction and is the project’s leasing agent.
SOUTH BEND, IND. — Boston-based Stag Industrial Inc. has acquired a warehouse and distribution facility in South Bend for $6.8 million. The 225,000-square-foot building was constructed in 1994 and is fully leased. The acquisition brings Stag's total acquisition volume to approximately $139.1 million since its initial public offering in April 2011.
COMPTON, CALIF. — Topson Downs has leased 123,000 square feet of distribution space in the Dominguez Hills Industrial Park. The space is located at 2500 South Edison Way in Compton. The apparel manufacturer’s new facility also includes 10,000 square feet of office space. Topson Downs was represented by Mike Poyer of Capital Real Estate Advisors. The building’s owner, Prudential Real Estate Investors, was represented by Rooney Daschbach, Steve Bohannon, Rusty Smith, and Eric Daschbach of Cushman & Wakefield.
INDEPENDENCE, MO. — Plan B, a commercial sweeping and cleaning company, has signed a 9,600-square-foot lease for a new headquarters facility in Independence. The property is located at 301 N. Kiger, and Plan B will transfer 14 employees to the new location. John Hassler of Zimmer Real Estate Services represented the tenant in the transaction. The landlord is Block Real Estate Services.
EDISON, N.J. — Futai Inc., one of the world's largest umbrella manufacturers, has purchase 7 Parkway Place in Edison. The company plans to relocate its divisional headquarters to the 50,000-square-foot warehouse, located within Raritan Center Industrial Park. Rachel Pittard and Stephen Elman of Cushman & Wakefield represented Futai in the transaction. The purchase price is undisclosed.
COVINGTON, GA. — StampTech has purchased a 60,146-square-foot industrial building, located at 40 Pinyon Rd. in Covington, from Pinyon Road LLC for $1.05 million. David Barber and Dan Stubbs of Binswanger's Atlanta office represented the buyer in the transaction. Steve Kise of King Industrial Realty's Suwanee, Ga., office represented the seller.
ROBBINSVILLE, N.J. — Matrix Development Group has completed a 150,000-square-foot, build-to-suit distribution building for Ritchie & Page Distributing Co. The facility is located in the Matrix Business Park at Exit 7A off the New Jersey Turnpike in Robbinsville. The building includes 20 loading dock positions and 18,000 square feet of office space. Ritchie & Page, a beverage distributor, plans to consolidate its Trenton and Wall Township locations to the new site.
RICHMOND, VA. — HMU Terminal Road has purchased a 126,639-square-foot industrial property, located at 2823 Bells Rd. in Richmond, from Richmond Industrial LLC for $2.15 million. Richard Porter of Richmond-based Porter Realty Co. represented the buyer in the transaction. Scott Douglas and Evan Magrill of Cushman & Wakefield/Thalhimer's Richmond office represented the seller.
VERNON, CALIF. — Mola has signed a five-year lease for a 129,544-square-foot industrial building in Vernon. The building is located at 2957 E. 46th Street and includes 25,000 square feet of office space. Mola was represented by Doug Cline of Lee & Associates. The landlord, Karney Management, was represented by Paul Sablock ofJones Lang LaSalle and Greg Stanton of CBRE.
BOSTON — Stag Industrial acquired a 145,000-square-foot industrial building in East Windsor for $6.1 million, and signed purchase contracts to buy four additional industrial properties for $28.6 million. The warehouse — constructed in 1976 and renovated in 2006 — is fully leased to East Windsor, a mattress manufacturer. Details are unavailable for the additional contracts, which are entering the due diligence stage.