MILPITAS, CALIF. — Cassidy Turley CPS has presided over the sale of a 55,612-square-foot vacant R&D building located within the Oak Creek Business Park at 1623 Buckeye Drive in Milpitas. Terms of the deal were not disclosed. Cassidy Turley CPS’s Eric Fox, Sutton Roley and Mike Baker represented the seller, South Bay Development Co., in the transaction, and the brokerage firm’s Scott Borgia represented the private-investor buyer.
ELBERFELD, IND. — Huntingbug, Ind.-based Fibertech recently purchased the former ISM building in Elberfeld for $1.6 million. Fairport, N.Y.-based Sppramco II LLC sold the 79,842-square-foot industrial building, which is situated on 15 acres. Steve Martin and Chris Stuard of Sperry Van Ness/Martin Commercial Group brokered the transaction.
NEW KINGSTON, PA. — Grubb & Ellis has arranged the sale of a 179,200-square-foot warehouse/distribution facility located at 34 E. Main St. in New Kingston. The food-grade facility features 10 rail doors and a ballasted EPDM roof. Lexmain Realty Ventures purchased the property from Lexington Realty Trust for an undisclosed amount. The Grubb & Ellis team of Stephen Bonge, Timothy Brogan, Patrick McBride and Carl Neilson brokered the deal.
CENTRAL ISLIP, N.Y. — Ashlind Properties has brokered the sale of a 43,200-square-foot industrial building in Central Islip for $2.5 million, Located at 65 Jetson Lane, the building contains 11,500 square feet of office space, a loading dock, two drive-in doors and 172 car parking spaces. Barnwell House of Tires purchased the vacant building and plans to use it for the company's tire retreading and wheel refinishing operations. The seller was North American Enclosures. The Ashlind team of Richard Cohen and Michael Landsman represented the buyer.
SUGAR LAND — Cabot Properties is welcoming two new tenants to its Sugar Land Business Center. Solarcraft, represented by Bo Petit and David Munson of Boyd Commercial, signed a 36,537-square-foot lease and Amran, represented by Steve King of CB Richard Ellis (CBRE), signed a 14,951-square-foot lease at the 171,240-square-foot Class A office/flex property within Sugar Land Business Park. Brian Gammill, Darryl Noon and Jacob Carr of Transwestern's Houston headquarters represented Cabot Properties in the two leasing transactions. Solarcraft designs and constructs solar and backup power systems, patented enclosures, mobile power systems, and custom design and power integration services. Meanwhile, Amran designs, engineers and manufactures low and medium voltage instrument transformer products. Sugar Land Business Park is a 902-acre, deed-restricted business park located near the intersection of U.S. Highway 59 and Highway 90-A in Sugar Land.
COMPTON, CALIF. — Grubb & Ellis has negotiated the $6 million sale of a 72,239-square-foot freestanding industrial building, located at 1250 W. Artesia Blvd. in Compton. Grubb & Ellis’ James Biondi, Terry Reitz and Gerald Kim represented the seller, AMB Property Corp., in the transaction, and Craig Poropat of Lee & Associates represented the buyer, Frontier Imaging.
VERNON, CALIF. — Voit Real Estate Services has negotiated Intimo’s $3 million acquisition of a 44,460-square-foot warehouse, located at 3251 Leonis Blvd. in Vernon. The garment manufacturing company creates branded products carried in approximately 1,500 department and specialty stores worldwide. Voit’s Brian McLoughlin and David Fults represented the buyer in the transaction, and Peter Bacci of Lee & Associates represented the seller, Fortune Fashions.
HAGERSTOWN, MD. — Denver-based Industrial Income Trust has purchased an 824,298-square-foot Class A warehouse and distribution facility in Hagerstown. Located at 16500 Hunters Green Parkway, the property is 100 percent occupied by The Home Depot. Built in 2000, the property features 42-foot ceiling heights and docks on all four sides of the facility. Boston-based New Boston Fund sold the property for an undisclosed price. Bo Cashman, Jonathan Beard, Michael Hines and Michael Blunt of CB Richard Ellis represented the seller in the transaction.
LITHIA SPRINGS, GA. — KTR Capital Partners has acquired two warehouse facilities in Lithia Springs. Located with the Westford Business Park at 1500 and 1575 Distribution Court, the facilities, which total 321,400 square feet, feature 24- and 26-foot clear ceiling heights, 44 exterior docks and three ramp-in doors. KTR plans to upgrade and reposition the properties. Terms of the acquisition were not released.
LAKE ZURICH, ILL. — Parkview Acquisitions has completed the disposition of a high-end manufacturing building in Lake Zurich. The 136,715-square-foot property is situated on 8.5 acres at 1275 Ensell Road. The asking price was $6.95 million. JBS Lake Zurich acquired the property. Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham of CB Richard Ellis represented the seller; Paul Cawthon and Angelo Labriola of Sperry Van Ness represented the buyer in the transaction.