COPPELL — Samsung Electronics will lease an additional 130,000 square feet at Point West VII, supplementing the 261,025 square feet it leased in the building in late 2009. Build-out of the space is underway. Located at 240 Dividend Dr. in Coppell, Point West VII is Samsung Mobile's largest cell phone distribution facility in the U.S. Dave Anderson and Pat O'Keefe of CB Richard Ellis represented Samsung, while Duke Realty's Randy Wood represented Duke, the landlord.
Industrial
SAN BERNARDINO, CALIF. — Hillwood Investment Properties has leased 334,646 square feet of a 609,499-square-foot industrial building, located at AllianceCalifornia Northgate Building 11 at 7776 Tippecanoe Ave. in San Bernardino, to Leggett & Platt, a 127-year-old diversified manufacturing company. AllianceCalifornia Northgate Building 11 was constructed in June 2009 on the site of the former Norton Air Base and was purchased by Hillwood in December 2009.
ROCKFORD, ILL. — Monmouth Real Estate Investment Corp. has acquired a 66,387-square-foot industrial property within Rockford Industrial Park at 4472 Technology Dr. in Rockford. The property, which is net-leased through December 2023 to Sherwin-Williams, sold for $5.85 million. Darren Sides of Porthaven Partners represented Monmouth in the transaction. The seller was not released.
DALLAS — The Neiman Marcus Group has expanded and extended its distribution lease in Pinnacle Park from 292,000 to 470,250 square feet of industrial space at 4121 Pinnacle Point Dr. in Dallas. The space will be utilized for Neiman Marcus' Last Call division. Corbin Crews of CB Richard Ellis represented the landlord, TR Pinnacle Corp., in the 10-year lease.
SAN DIEGO — QualityFirst Commercial Corp. has negotiated the $1.1 million acquisition of a 10,000-square-foot industrial building and vacant lot located at 24 21st Street in San Diego. Constructed in 1953, the building sits on a 13,000-square-foot lot in the Logan Heights submarket. QualityFirst Commercial’s Peter Wright and Steven Martini represented the buyer, Riggo LLC, in the transaction, and Voit Real Estate Services’ Jim Marsh and John Lanza represented the seller, Safari Investments LP. Riggo LLC will occupy the entire building after a complete interior and exterior renovation, which will begin in early 2011.
BELLWOOD, ILL. — Anthony Leeds of Darwin Realty & Development Corp. represented a private investor in the purchase of two industrial properties in Bellwood. Located at 2600 and 2744 Washington Blvd., the properties total 119,000 square feet of industrial space. The acquisition price was not released. Ryan Kehoe of Grubb & Ellis represented the seller, DeNovo Property Trust, in the transaction.
HOUSTON — Duke Realty Corp.'s Houston office has begun construction on Westland II, a 300,000-square-foot bulk industrial building in Westland Business Park in Houston. RAM Chemical & Supply, a pool and spa chemicals and supplies provider, will occupy 139,600 square feet. Westland II will have a clear height of 28 feet and feature 80 dock doors. Construction is expected to be completed in April 2011. Jim Thompson of Grubb & Ellis represented RAM Chemical & Supply in its lease transaction, while Cory Driskill of Duke Realty represented Duke.
PEWAUKEE, WIS. — Caliendo Promotions Inc. has signed a lease for 32,000 square feet of warehouse/industrial space at Roundy Business Park in Pewaukee. The tenant will use the new space, located at W22N2792 Duplainville Road, to expand its promotional item distribution operations. James Young of Milwaukee-based Cassidy Turley Barry represented the tenant; the landlord, Burbach Cos., has in-house representation in the transaction.
LEBANON, TENN. — Monmouth Real Estate Investment Corp. (MREIC) has acquired a 381,240-square-foot industrial property located at the South Perimeter Industrial Park in 900 Hutchinson Place in Lebanon. The property sold for $14.5 million. Built in 1993, the property is net-leased through June 2024 to CBOCS Distribution Inc., a subsidiary of Cracker Barrel Old Country Store Inc. Brad Pepin of Stan Johnson Co. represented MREIC in the transaction. The seller was not disclosed.
CHICAGO — ProLogis has signed a fourth-quarter build-to-suit expansion agreement for 337,000 square feet with Bay Valley Foods, a provider of private label food products. Bay Valley Foods currently occupies 620,000-square-foot, LEED Silver certified facility at ProLogis Rochelle, which was developed in 2008 for the customer. The new project will be an expansion of Bay Valley's existing building. Bay Valley plans to use the new space as additional warehouse and distribution space. The 13.8-acre project is an expected $11.6 million investment.