RANCHO DOMINGUEZ, CALIF. — Cabot Properties has purchased a 215,635-square-foot warehouse and distribution building located at 18626 South Reyes Ave. in Rancho Dominguez. The seller and terms of the deal were not disclosed. The sale of the property, which is currently 100 percent occupied by Guildcraft of California, was facilitated by Cushman & Wakefield’s Jeffrey Cole, Ed Hernandez and Rooney Daschbach.
HOUSTON — Mayfield Properties has acquired a 120,810-square-foot industrial facility located at 8451 Market Street Rd. in southeast Houston for an undisclosed price. Market Portwall LP, a partnership controlled by The National Realty Group, sold the property that is situated close to the 610 Loop and Interstate 10 interchange, 3 miles north of the Port of Houston and 5 miles east of Houston's central business district. Rusty Tamlyn and Trent Agnew of Holliday Fenoglio Fowler (HFF) represented the seller, while Brian Carlton of HFF, working on behalf of the buyer, placed a 5-year, 5 percent fixed-rate acquisition loan with Aetna Life Insurance Co.
SAN LEANDRO, CALIF. — Cassidy Turley BT Commercial has brokered the $9.33 million sale of an almost 262,000-square-foot multi-tenant industrial facility located at 2048-2050 Williams Street in San Leandro. The buyer, 2050 Williams LLC dba U.S. Superior Stone and Tile, will occupy approximately 137,580 square feet of the property; the remainder of the facility, which is situated just off Doolittle Drive about a mile south of the Oakland Airport, is leased long-term to Sitcom Furniture. Cassidy Turley BT Commercial’s Jay Hagglund and Paul Beckwith represented the seller, 2050 San Leandro Partners, in the transaction, and John Loh and Jillian Loh of Loh Realty & Investments represented the buyer.
BOLINGBROOK, ILL. — The Chicago office of Tremont Realty Capital has arranged $8.6 million in financing for Crossroads Parkway, an industrial property in Bolingbrook. The 269,000-square-foot property was 56 percent occupied by one tenant at the time of closing. Michael Hart of Tremont arranged the loan, which was funded through a pension advisory lender. The 3-year loan provided for approximately 85 percent loan-to-cost. The borrower was a joint venture between Corum Real Estate and Equibase Capital Group.
GRAND RADIDS, MICH. — KRD LLC has purchased the Permalife Building, which is located at 2310 Breton Industrial Dr. in Grand Rapids. Byron Acquisitions/Chemical Bank sold the 53,000-square-foot industrial property for an undisclosed price. Chad Versluis of NAI West Michigan represented both parties in the transaction.
NORTH KANSAS CITY, MO., AND LAWRENCE, KAN. — Grubb & Ellis|The Winbury Group has brokered two industrial sales in Missouri and Lawrence. In the first transaction, Summers Holdings LLC acquired 42,600 square feet of industrial space at 110 W. 14th Ave. in North Kansas City. John Delzer of Grubb & Ellis represented the buyer; Bill Hershewe of Hershewe Real Estate Co. represented the seller, J2 Building Development, in the transaction. In the second deal, Mid-American Investments sold 10,200 square feet of industrial space at 1837 East 1450 Road in Lawrence to Ryan and Jennifer Schurle. Kelvin Heck of Grubb & Ellis represented the seller in the transaction. The acquisition prices of both transactions were not released.
EAST HARTFORD, CONN. — Peening Technologies has purchased a 12,800-square-foot industrial facility located at 261 Burnham St. in East Hartford for $677,000. The buyer already owns and operates the property directly across the street. Sentry Commercial represented the seller, Adelbert Hallisey and Ellen Lowenstein, Co-Trustees for the Harry Lowenstein Residuary Trust.
CARLSBAD, CALIF. — Cassidy Turley BRE Commercial has represented Bank of America in its sale of three industrial parcels of land, located off of Palomar Airport Road between El Fuerte and Gateway Road in the Bressi Ranch area of Carlsbad, for a total of $3.37 million. Both planning to hold for future development, the Roncelli Family Trust purchased lot 10, and The Weeks Group acquired lots 11 and 12. Cassidy Turley BRE Commercial’s Dennis Visser and Aric Starck represented Bank of America in the transaction involving the all-cash buyers.
EDISON, N.J. — Newegg.com has signed an early lease renewal for its 374,148-square-foot Northeast distribution headquarters located in Edison. The online retailer will occupy the warehouse, located at 1 Gourmet Lane, for an additional 5 years. Scott Belfer and Lou Belfer of CB Richard Ellis represented the tenant in lease negotiations. The landlord, Morris Cos., provided in-house representation.
PLANO — Rackmount Solutions Ltd. has leased 16,287 square feet from RREEF at 2805 E. Plano Pkwy. in Plano. The flex industrial space is 65 percent warehouse space and 35 percent office space. Located in Building 1 of Jupiter 190 Business Park, the space is a 6,000-square-foot upgrade from Rackmount Solutions' previous space. The company develops, manufactures and sources products such as servers, network and LAN racks, and portable rack mount cases and accessories. Greg Fail of McNeff Cos. represented Rackmount Solutions, while Chris Stout of Bradford Commercial Real Estate Services represented the landlord.