STAFFORD — Sugar Land-based ICO Commercial has brokered the sale of the 84,828-square-foot Park Murphy Condominiums, an 11-building industrial portfolio, located at 12802-12834 Murphy Rd. in Stafford. Mike Gornek of ICO Commercial represented the seller, the original developer Park Murphy LLC, in the transaction.
SEBASTAPOL, CALIF. — Lucent Capital has arranged a $23.5-million construction loan for The Barlow, a 216,000-square-foot, adaptive-reuse project in Sebastapol. The loan has an initial two-year term with an option to extend. Highway Partners, LLC plans to begin construction on The Barlow in December. The first phase includes the renovation of a 121,000-square-foot industrial park and farmer's cooperative. The second phase will include 95,000 square feet of new development. The project should be completed in summer 2012. It is 78 percent pre-leased and will be anchored by Kosta Browne Winery.
SANTA CLARA, CALIF. — The Packard Humanities Institute has purchased a 49,500-square-foot industrial building in Santa Clara for $3,861,000. The non-profit foundation plans to occupy the entire building, which resides at 700 Nuttman Street. Scott Borgia with Cassidy Turley represented the seller, Laurel Industrial Park Associates, in this transaction.
WAUKEGAN, ILL. — LIT Industrial Limited Partnership has renewed a 26,040-square-foot lease at 3250 N. Oak Grove Ave., an industrial property in Waukegan, Ill. Keith Puritz, Ryan Bain, Brett Kroner and Zach Graham represented the landlord, Ecologic Industries, in the transaction. They also represented LIT Industrial in the deal.
UPPER MACUNGIE TOWNSHIP, PA. —SunOpta Food Inc. has signed a long-term lease for 101,250 square feet of industrial space at 7108 Daniels Dr. in Upper Macungie Township. The company plans to use the facility to produce a range of organic fruit-based consumer packaged products. Stephen Bonge and Timothy Brogan of Grubb & Ellis represented the landlord, J.G. Petrucci Co., in the transaction. Michael Treacy and Joshua Levin of Binswanger represented SunOpta.
NEWMARKET, N.H. — Hagan Design and Machine Inc. has leased 24,000 square feet of industrial space at 2 Forbes Rd. in Newmarket. David Choate of the Portsmouth office of Grubb & Ellis represented the tenant in the transaction. Brandt Atkins of New Hampshire Real Estate represented the landlord, NIP-Lot 6 LLC. Hagan is a full-service electrical discharge machining service center.
MCKINNEY — Segars McKinney has purchased a 70,200-square-foot industrial property, located at 1720 Bray Central in McKinney, from JPMorgan Chase. Holmes Davis of Binswanger's Dallas office represented the buyer in the transaction. Eric Deuillet and Bob Kent of Structure Commercial represented the seller.
ARLINGTON — Lee & Associates has arranged a 50,888-square-foot flex lease, located at 2300 E. Randol Mill Rd. in Arlington. Mark Graybill and Donnie Rohde of Lee & Associates Dallas/Fort Worth office represented the landlord, RREEF Asset Management, in the lease transaction. Ken Boyd with Dallas-based Jackson & Cooksey represented the tenant, Petmate.
CARTERSVILLE, GA. — Aquafil USA has signed a 234,031-square-foot warehouse/distribution lease, located at 101 Friction Dr. in Cartersville. Mike Powell of Atlanta-based NAI Brannen Goddard represented the tenant in the lease transaction. James Belcher and Brian Bird of Hart Corp.'s Marietta, Ga., office represented the landlord, Morse Automotive Corp.
TAMPA, FLA. — Wurth Wood Group has signed a 46,000-square-foot office/warehouse lease, located at 5100 W. Hanna Ave. in Tampa. Craig Capo and John Ayers of Tampa-based Industrial Property Group represented the tenant in the lease transaction. Rian Smith of Cushman & Wakefield's Tampa office represented the landlord, Hanna Warehouse Partners.