LOS ANGELES — Hager Pacific Properties has recently secured three leases at two of its Los Angeles-area industrial properties. The leases encompass 256,093 square feet of space and boast a total value of $6.8 million. Cosmetic Enterprises has signed a six-year lease renewal valued at about $4.5 million for 110,000 square feet at Pacoima Industrial Park in Pacoima, Calif.; Natural Balance has signed a three-year lease for an expanded 60,000-square-foot space at Pacoima Industrial Park valued at about $1.2 million; and CA Liquidators signed a three-year lease with a five-year option to extend for 86,093 square feet at Hager’s 7344 Bandini Blvd. facility in the City of Commerce, Calif.
SAN DIEGO — Voit Real Estate Services has sold a 24,000-square-foot industrial flex property in the Rancho Bernardo submarket of San Diego to Swinerton Incorporated for $2.6 million. Swinerton will move its San Diego headquarters to the new building, which is located at 16798 West Bernardo Drive. Voit’s Paul Brown represented Swinerton, while Brian Mulvaney and Bruce Sanders, also of Voit, represented the seller, DBA, West Bernardo Office Partners, LLC.
MIAMI — Coconut Creek, Fla.-based Butters Construction & Development has been selected by New York-based fund KTR Capital Partners to construct a 500,000-square-foot, multi-phased industrial project in the Pam Am West Industrial Business Park in Miami. The development will contain institutional-grade distribution and warehouse facilities.
MIAMI — Franklin Street Real Estate Services has arranged the $3.9 million sale of a 122,000-square-foot warehouse, located at 5701-5703 NW 35th Ave. in Miami. Joel Kattan and Hernan Prohaszka of Franklin Street's Fort Lauderdale, Fla., office represented Solomon-Kalback South Building, LLC, the seller. The buyer was Galei Opa, a local company which will relocate its manufacturing operations to the facility.
FINDLAY, OHIO — Toledo, Ohio-based Signature Associates has negotiated the sale of 35,802 square feel of industrial space, located at 1525 Lima Ave. in Findlay. Megan Malczewski and Bob Mack of Signature Associates represented the seller, DTS Refueling Systems, in the transaction. The buyer was undisclosed.
DALLAS — Colliers International has brokered the sale of three industrial facilities, located at 4812, 4821 and 4842 Top Line Dr. in Dallas. The facilities total 142,401 square feet and are currently 84 percent occupied. The buildings were a part of a 278,166-square-foot, seven-building portfolio, known as the Mercantile Quaker Industrial portfolio, which is now completely sold. William B. Jordan, a local investor, purchased the buildings from Mercantile Quaker Industries, represented by Colliers’ Phil Rosenfeld, Matt Thompson and Allen Gump. The other four buildings in the portfolio were purchased earlier this year.
IRVINE, CALIF. — Voluspa has signed a five-year lease for 84,816 square feet of space at an industrial building in Irvine. Located at 2900 McCabe Way, the building received four viable offers within its first 45 days on the market, according to Kevin Turner, senior vice president in Voit’s Irvine office. Turner, along with Michael Hartel, also of Voit, represented the landlord, Crown Associates Realty, in the transaction. The lease is valued at $2.96 million.
MOORESVILLE, N.C. — Choate Construction has been selected to build a 310,000-square-foot plant for Niagara Bottling in Mooresville. The new plant will create approximately 66 jobs and invest $45 million into the area within the next 3 years. The facility will include multiple German fabricated injection and blow molding lines. BDG Design Group is the architect for the project.
OLIVE BRANCH, MISS. — Watson Pharmaceuticals' Anda Distribution division has planed to construct a 234,000-square-foot pharmaceutical distribution facility at Crossroads Distribution Center, located off Highway 78 in Olive Branch. Atlanta-based IDI has been selected to build the facility, which will employ approximately 70 workers when the company relocates from its current facility in Groveport, Ohio. The Mississippi Development Authority provided $23.5 million for the construction and outfitting of the facility. Completion is slated for the second quarter of 2012.
PACIFIC, MO. — St. Louis-based NAI Desco has arranged the $1.8 million sale of an 85,000-square-foot industrial building and 4.1 acres of undeveloped land, located at 15 Industrial Dr. in Pacific. Dan Hayes of NAI Desco represented the seller, Abell Real Estate Partnership. The buyer was WROB Co.