STAFFORD — Land has been purchased at the corner of Pike and Stafford roads in Stafford for the development of a new business park called Stafford Business Park. Vickery/Stafford Investments, Ltd. sold the 10.47 acres to Stafford Business Park, Ltd. Lang Motes of Indermuehle & Co. represented the seller, while Darren O'Connor of NAI Houston represented the buyer.
RIVERSIDE, CALIF. — Gardena, Calif.-based Overton Moore Properties has acquired the 192,434-square-foot, two-building Class A industrial project Citrus Business Park, located in Riverside. The property is 50 percent occupied. The seller, Lincoln National life Insurance Co., was represented by Ed Indvik of Lee & Associate's Los Angeles office and Bill Heim and Eloy Cova of the Ontario, Canada, office. Heim and Cova will market the project on behalf of Overton Moore Properties.
MIDDLEBURY, VT. — New England Quality Service has purchased a 100,000-square-foot industrial and office property in Middlebury from National Bank of Middlebury for $600,000. The property, formerly occupied by Specialty Filaments, is situated on 60 acres at 3046 Case St. The buyer plans to use the building for automobile disassembly and recycling. Duncan Harris of Redstone Commercial Group represented the seller.
CORSICANA — Jeld-Wen, Inc., a manufacturer of windows and doors, has sold a 58,080-square-foot warehouse facility located at 4000 E. State Hwy. 31 in Corsicana. Ashley Pope and Gary Collett of Cushman & Wakefield of Texas represented Jeld-Wen in the transaction along with Craig Hughes of Hughes Commercial and Bo Mills and Mark Detmer of Cushman & Wakefield of Arizona. BR Properties, LLC, purchased the warehouse and was represented by Karen Williams of RE/Max of Corsicana.
HENRICO, VA. — Forward Air Solutions has leased 47,858 square feet of space in Building C at Airport Distribution Center, located in Henrico. Airport Distribution Center is comprised of four buildings, which total more than 700,000 square feet. Clifford B. Porter of Richmond, Va.-based Porter Realty Co. marketed the center on behalf of the owner, Graham & Co., and handled lease negotiations.
JESSUP, MD. — A 612,900-square-foot, Class A industrial building, located at 7605 Dorsey Run Rd. in Jessup, has sold for an undisclosed price. Plymouth Meeting, Pa.-based Exeter Property Group sold the asset to Chicago-based LaSalle Investment Management. Bruce Strasburg and Marc Rampulla of CB Richard Ellis' Washington, D.C., office represented the seller.
DALLAS — General Datatech, L.P. (GDT), a routing, communications and security solutions business, has moved its customer support center into a 50-year-old, renovated, 95,300-square-foot building located at 999 Metromedia Pl., near the intersection of West Mockingbird Lane and Interstate 35, in Dallas' Stemmons corridor. Situated on 6 acres, the space includes 65,300 square feet of renovated space and 30,000 square feet of newly built warehouse and staging facilities. Edwin Brantley Smith & Associates, Inc., served as the project architect. The building is anticipated for LEED Gold certification.
MACOMB, MICH. — A 27,610-square-foot industrial facility, located a 24700 Wood Court in Macomb, has sold for an undisclosed price to Cox Industries. Cox is doubling in size and expanding from its Chesterfield Township, Mich., facility. Joe DePonio and Jason Capitani of Troy, Mich.-based L. Mason Capitani CORFAC International represented the buyer and the seller.
EL CAJON, CALIF. — Cassidy Turley BRE Commercial has brokered the $2.5 million sale of a 44,424-square-foot industrial building located at 165 Denny Way in El Cajon. Originally built in 1986 as Valley Bowl, the facility was purchased in lieu of foreclosure with Independence Bank. Cassidy Turley BRE Commercial’s Ken Ruppert, Kerry Schimpf and Cameron Czubernat represented the seller, IBARC LLC, in the transaction, and Erik Wiese of Wiese & Associates represented the buyer, Hormuth Properties. The building has been used as a granite/stone-manufacturing site for the past 10 years.
SANTA CLARITA, CALIF. — Lee & Associates-LA North/Ventura has transacted the more than $2 million acquisition of a 20,000-square-foot industrial property located at 24950 Ave. Kearny in the Valencia area of Santa Clarita. A leading provider of Avid Rental Systems to the entertainment industry, QSR Systems purchased the freestanding building, which offered an attractive office build-out, for its own use. Lee & Associates’ Brett Warner represented the buyer in the transaction, and CB Richard Ellis represented the seller, The Realty Associates Fund.