POOLER, GA. — Tokyo, Japan-based Mitsui-Soko, a warehouse and logistics company, has leased 38,400 square feet of distribution space at DP Partners' LogistiPort on Clyde Alexander Way in Pooler. In 2009, Mitsui-Soko opened a 60,000-square-foot distribution center adjacent to LogistiPort as the company's primary East Coast distribution center. Darren Ross of Grubb & Ellis' Atlanta office represented Mitsui-Soko in the lease transaction, while David Sink of Colliers International Neely Dales in Philadelphia represented the landlord, Dermody Properties.
MIAMI — Flagler Real Estate Services has closed a 111,000-square-foot industrial lease at the Airport Business Center in Miami for Miami-based Forward Air. George Pino represented the landlord, ProLogis, and Michael Bauer of Fischer & Co. represented the tenant.
LOVES PARK, ILL. — Meridian Design Build has started construction on a 100,000-square-foot build-to-suit warehouse/distribution facility at Loves Park Corporate Center in Loves Park for developer Venture One Real Estate. The building will be leased to Danfoss Drives. Meridian is coordinating the project on a design/bulid basis with Heitman Architects, and Jacob & Hefner Associates is providing architectural and civil engineering services.
HAVERHILL, MASS. — Swix Sport USA Inc., a distributor of ski equipment and supplies, has leased a 64,000-square-foot industrial building at 60 Newark St. in Haverhill. David, James and Micah Stubblebine, all of The Stubblebine Company/CORFAC, represented Swix and the landlord, Leewood Realty Trust, in the transaction.
MANCHESTER, GA.—Coldwell Banker Commercial Eberhardt & Barry has closed on the sale of a 53,354-square-foot production facility in Manchester, Ga., to House of Metals Corp. The property is the former site of G&S Metal's aluminum smelting facilities. New operations will begin at the plant, which is located in Meriwether Industrial Park, in September. Arthur Barry from Coldwell's Macon, Ga., office represented the seller, Fifth Third Bank, who had foreclosed on the property.
TEXAS –– Production Resource Group has leased 45,197 square feet of industrial space at 8607-8617 Ambassador Row in Dallas from LIT Industrial Texas. Jake Marks and John Hendricks of CB Richard Ellis (CBRE) represented the landlord and Bob Spletter of NAI Robert Lynn represented the tenant. Other leases include: Total Distribution & Logistics has leased 30,000 square feet of industrial space at 1625 Vantage in Carrollton from CRP-2 Holdings. Corbin Crews of CBRE represented the landlord. LB Hausys America Inc. has leased 42,672 square feet of industrial space at 500 Enterprise Dr. in Flower Mound from Hillwood Investments. CBRE’s Nathan Lawrence represented the landlord in the transaction. Samsung Telecommunications America has leased 20,104 square feet of office space at 2505 North Plano Road in Richardson from Plano Lookout Partners Ltd. Pat O’Keefe and David Liggitt of CBRE represented the tenant. Verizon Wireless Portfolio Mgmt. has leased 4,026 square feet of retail space at 6001 Skillman in Dallas from TC Timbercreek Associates. CBRE’s Jeff Kittleson represented the landlord and Daniel Taylor of CBRE represented the tenant. Smile Workshop-Timber Creek PLLC has leased 3,500 square feet of retail space at 6001 Skillman in Dallas from TC Timbercreek Associates. Scott Head and Jeff …
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.