ARLINGTON — Assured Self Storage has acquired 4.49 acres of land at the northeast corner of U.S. Highway 287 and Turner Warnell Road in Arlington for the construction of a third Assured Self Storage in Arlington. Shawn Valk of Assured Realty represented the self storage company in the acquisition, and Pete Richardson and Andrew Richardson of Henry S. Miller Brokerage represented the seller, Bill Rose of Rose Investments. It will be Assured Self Storage's 23rd location in the Dallas-Fort Worth metroplex.
Industrial
NORTH WILKESBORO, N.C. — Colliers International has brokered the sale of an industrial property in North Wilkesboro. Shepard Real Estate purchased the 376,000-square-foot industrial building, located at 1101 D St., for an undisclosed price. Brent Beshears of Colliers International represented the buyer and the seller, La-Z-Boy, in the transaction.
BRANCHBURG, N.J. — CB Richard Ellis (CBRE) has arranged a long-term lease for 78,343 square feet of industrial space at 47 Readington Road in Branchburg. The tenant for the single-story warehouse is Branchburg Sports Complex, which plans to create an indoor sports facility that will include an indoor lacrosse field and batting cages. Thomas Monahan and Stacey Weinberg, both of CBRE, represented the tenant as well as the landlord, The Hampshire Companies.
CORPUS CHRISTI — Clarkwood Industrial Park LLC has sold the former Celanese Technical Center to Double T&C Properties for an undisclosed amount in Corpus Christi. Located between Clarkwood Road and Rand Morgan, the property includes more than 200,000 square feet of office, warehouse and laboratory space in 11 buildings on more than 100 acres. Josh Gaines of NAI Cravey Real Estate Services represented the seller.
CITY OF INDUSTRY, CALIF. — Voit Real Estate Services has directed the more than $14.4 million sale of a 157,328-square-foot industrial property, located at the intersection of 1100 Hatcher Avenue and 17521 & 17531 Railroad Street in the City of Industry, to Australian REIT, DEXUS Property Group. The multi-tenant Industry City Center is a 100-percent occupied, institutionally managed property situated near the 60 Freeway. Voit’s Alan Pekarcik, Dan Vittone and Nick Frasco represented both DEXUS, the buyer, and the undisclosed seller in the transaction.
FONTANA, CALIF. — Watson Land Co. has leased a 350,000-square-foot industrial facility, located at 13055 S. Valley Blvd. within the two-building Watson Commerce Center Fontana, to Smart & Final for the warehousing and distribution needs of all of the food retailer’s Southern California stores. The 92-month lease is valued at approximately $11.5 million. Cushman & Wakefield’s Brian Zurawski and Chuck Belden represented Smart & Final in the transaction, and Lee & Associates’ Michael Chavez, Bill Heim and Eloy Covarrubias represented WLC.
RIVERSIDE, CALIF. — The Magellan Group has acquired two industrial buildings totaling 400,000 square feet within the Hunter Business Park in Riverside. Part of a 31-acre, three-parcel joint-venture purchase involving the firm’s Magellan Industrial Fund and an investment fund managed by Penwood Real Estate Investment Management, the 300,000-square-foot former Lily-Tulip Cup manufacturing plant, located at 800 Iowa Ave., will undergo both interior and exterior improvements, including new landscaping. A 100,000-square-foot industrial building occupied by Ancon Marine and a 1.75-acre land parcel at the corner of Iowa and Palmyrita avenues completed the deal. The joint venture acquired title to the properties following its purchase of an underlying mortgage note held by Far East National Bank. Terms of the sale were not disclosed.
REDONDO BEACH AND CARSON, CALIF — Stevens Global Logistics has renewed a total of 115,000 square feet of industrial leases for its headquarters and warehouse activities, respectively, in Redondo Beach and Carson. The Klabin Company/CORFAC International’s Harvey Beesen and Luke Staubitz, represented both the tenant and the landlord, LBA Realty, in the $3.5 million long-term lease renewal for a 48,000-square-foot headquarters building located at 3700 Redondo Beach Ave. In the 67,333-square-foot lease renewal at 2760 E. El Presidio St. in Carson, Beesen and Staubitz again represented SGL. CB Richard Ellis’ Bret Quinlan represented the landlord, The Hewson Co., in the $1.7 million warehouse deal.
MOONACHIE, N.J. — Russo Development has broken ground the for the construction of the new Macy's Parade Studio. The building is located on 7.4 acres at 140 State St. in Moonachie. Macy's will occupy the space and use it for the design and construction of balloons and floats to be used during the Macy's Thanksgiving Day Parade. Completion is slated for August 2011.
FORT WORTH — Carter Industrial Partners has completed two long-term lease agreements totaling 44,871 square feet in the Class A Carter Business Center in Forth Worth. Nick Talley of Bradford Commercial Real Estate Services negotiated the leases with Texas-based Multi-Shot and Canadian-based Speithe Anderson USA. Multi-Shot, a manufacturer of components for drilling rigs, signed a 20,339-square-foot renewal and expanded by an additional 10,009 square feet. Meanwhile, Speithe Anderson, a manufacturer and distributor of gymnastics equipment, relocated to Carter Business Center with 14,523 square feet.