AUBURN HILLS, MICH. — Reid Limited Partnership II recently purchased 148,000 square feet of industrial space in Auburn Hills. Auburn Group Limited Partnership sold the property, which is located at 2550 Auburn Court, for an undisclosed price. Principal Associates represented the buyer; Paul Hoge of Signature Associates represented the seller in the transaction.
FARMERS BRANCH — Sport Supply Group has signed a long-term renewal for a 137,670-square-foot office/warehouse space in Valwood Industrial Park in Farmers Branch. Sport Supply Group was represented by David Wetherington and Bill De La Chapelle of Transwestern's Dallas office, while Brian Pafford of Bradford Commercial Real Estate Services represented the Chicago-based asset manager for the property. Sport Supply Group was given a tenant allowance that will be applied to cosmetic upgrades to its 35,000-square-foot office space.
LUBBOCK — Cymbet Corp. and X-FAB Texas have reached an agreement to open the world's highest volume solid state battery (SSB) production facility in Lubbock. Cymbet provides solid-state energy storage solutions for microelectronic systems, and X-FAB provides expertise in advanced analog and mixed-signal process technologies. The new Cymbet facility will be integrated with X-FAB's Lubbock facility, and is projected to add 77 new jobs during the next 5 years. Production will begin in the second quarter of 2011.
MIRA LOMA, CALIF. — The Corporation of the Presiding Bishop of The Church of Jesus Christ of Latter-day Saints has purchased a 95,527-square-foot industrial building located on five acres at 12160 Philadelphia Ave. in Mira Loma. Terms of the deal were not disclosed. NAI Capital’s David Knowlton represented the buyer in the transaction, and Voit Real Estate Services’ Greg Sargenti represented the seller, Rhodes Development. According to Knowlton, the new owner will utilize the facility for the bulk storage and distribution of food and household products to support worldwide disaster relief.
NEW ALBANY, OHIO — The Pizzuti Companies has broken ground for the development of a headquarters and operations facility for Accel Inc. Located in the New Albany Business Park in New Albany, the $18 million, 417,000-square-foot facility was designed by Columbus, Ohio-based Glavan Feher Architects. The project, which is seeking LEED Silver certification, is scheduled for completion in June 2011.
ANAHEIM, CALIF. — Voit Real Estate Services has negotiated the $9.25 million sale of a 78,912-square-foot industrial and office business park property located at 1240 & 1250 North Lakeview Ave. in Anaheim. Voit’s Alan Pekarcik, Dan Vittone and Nick Frasco represented the seller, Foremost Airport Las Vegas Ltd., in the transaction; the buyer, FKC Properties, represented itself.
CARSON, CALIF. — Watson Land Co. has leased a 200,892-square-foot industrial property, located at 800 East 230th St. in Carson, to Pacer Distribution Services in a 5-year deal worth $6.2 million. Situated on 11 acres within Watson Industrial Center, the property features 30 dock-high positions, a 29-foot ceiling clearance and two truck yards. Grubb & Ellis’ Steve Sprenger represented Pacer in the transaction, and Watson Land was represented in-house by Lance Ryan and Mike Bodlovich.
MESA, ARIZONA — Cassidy Turley BRE Commercial has completed the $4.4 million sale of the 222,457-square-foot Pecos Commerce Center, a multi-tenant office/warehouse property located at 7931 E. Pecos Rd. in Mesa. The commercial real estate services provider’s Bob Buckley, Steve Lindley and Tracy Cartledge represented both the buyer and the seller — Scottsdale, Ariz.-based Wilson Property Services and Keybank (aka OREO Corp.), respectively — in the transaction.
CHESAPEAKE, VA. — 201 Dexter LLC has acquired a 452,000-square-foot industrial property for $6 million. The buyer will occupied a portion of the property, which is located on approximately 20 acres at 201 W. Dexter St. in Chesapeake. The seller was Chesapeake Hardwood Products. Clay Culberth of Thalhimer and Stephanie Sanker of S.L. Nusbaum Realty Co. represented the buyer in the transaction.
ESCONDIDO, CALIF. — Marcus & Millichap has brokered the $5.2 million sale of State Place Business Park, a 49,324-square-foot multi-tenant business park located at 300-398 State Place in Escondido. Built in 1990 and 1999, the four-building property was more than 90 percent leased at the time of sale. Marcus & Millichap’s Michael Lawrence assisted the seller in a transaction involving two limited-liability companies.