HOUSTON — Max Movers Inc. has renewed its lease for 103,800 square feet of space at 1205 N. Post Oak Rd. in Houston. Andre' Granello, Barrett Gibson and Jeffery Peltier of Gibson & Granello Realty Partners represented Max Movers, while Darryl Noon of Transwestern represented the landlord, St. Paul Fire and Marine Insurance Co.
COMPTON, CALIF. — Grubb & Ellis has brokered the $5.3 million purchase of a 71,360-square-foot warehouse facility, located at 18747 S. Laurel Park Road in Compton. The brokerage firm’s Sean O’Donnell represented the buyer, C&W Investment Group, in the transaction, and The Klabin Co.’s Frank Schultz represented the seller, TA Realty Associates. C&W plans to renovate and add loading doors to the building, which was originally constructed in 1973.
FOUNTAIN VALLEY, CALIF. — Voit Real Estate Services has managed the more than $2.36 million trade of a 20,360-square-foot industrial property located at 17371 Mount Wynne Circle in Fountain Valley. Voit’s Greg Velastegui represented both the buyer, KB Sheetmetal, and the seller, 24-7 Internet, in the transaction. Situated near the 405 freeway, the free-standing, owner-user manufacturing facility will be used by KB as its new headquarters.
FORT WORTH — Cadence McShane Construction Co. has completed a 328,828-square-foot tenant improvement assignment within Building 700 of Fort Worth's RiverPark Business Center for Pratt Industries Inc., a vertically integrated paper, packaging and resource recovery company. Pratt Industries occupies the entire facility that includes 318,416 square feet for manufacturing purposes and 10,412 square feet for office space. Cadence McShane originally constructed the building as a speculative industrial site for developer Seefried Properties Inc. Alliance Architects provided the architectural services for the tenant improvement assignment for Pratt Industries.
GADSDEN, ALA. — Ontario, Canada-based The Narmco Group has purchased the former Ridge Building System facility in Gadsden. Houston-based Ridge Building Systems sold the property for $3.3 million. Situated on 25 acres, the 240,000-square-foot industrial facility is 100 percent under crane. John Coleman and Sonny Culp of Birmingham, Ala.-based Graham & Company represented the seller in the transaction.
HENRICO COUNTY, VA. — Slurry Pavers Inc. has acquired a 42,300-square-foot property, which is located at 3617 Nine Mile Road in Henrico County. Virginia Truck Center of Richmond, Va., sold the property, which is situated on 11.4 acres, for $1.1 million. Virginia Truck Center plans to continue to operate its business at the property. Jeffrey Cooke and L. Birck Turnbull of Cushman & Wakefield | Thalhimer brokered the transaction.
MIAMI — Welsh Family Enterprises has completed the disposition of Finger Lakes Warehouse in Miami. Robert Pereira purchased the 13,084-square-foot warehouse, which is located at 1950 N.W. 93rd Ave. in Miami, for an undisclosed price. Kris Wagner and Richardo Perez of Colliers International South Florida represented the seller; Parvani Commercial represented the buyer in the transaction.
FISHERS, IND. — Meritex NxNE LLC has acquired North by Northeast Business Park in Fishers for an undisclosed price. The 306,408-square-foot, three building complex consists of 9715 Kincaid Drive, 8700 Roberts Drive and 8707 Roberts Drive. Jeff Castell and Angie Wethington of Cassidy Turley represented the seller, Wells Fargo, in the transaction.
CLEVELAND AND TWINSBURG, OHIO — Premier Development Partners has acquired two industrial properties in the Cleveland area for a consideration of $2.3 million. In the first transaction, Premier purchased 12117 Bennigton Avenue in Cleveland from Premier Manufacturing Co. for $1.15 million. Situated on 12.3 acres, the three-building industrial complex offers 200,173 square feet. The transaction include a 1-year leaseback. Once the leaseback term ends, the property will be redeveloped and tenanted. Additionally, Premier purchased a two-building 54,000-square-foot, multi-tenant complex, located at 2242-2272 Pinnacle Parkway in Twinsburg, from Orix Special Services for $1.15 million. The property is currently 70 percent occupied. The Barna Caplan Team of CRESCO Real Estate represented the sellers in both transactions.
PLYMOUTH AND BURNSVILLE, MINN. — NorthMarq Capital has arranged $10.87 million in first mortgage financing for a three-building, 172,094-square-foot industrial portfolio in Minnesota. The assets are Plymouth Tech IV and V, which are located at 5500 and 5010 Cheshire Lane North in Plymouth, and Burnsville Bluffs II, which is located at 11351 Rupp Dr. in Burnsville. Patrick Minea of NorthMarq arranged the 7-year term loan for the borrower through NorthMarq's relationship with Associated Bank.