PEARLAND, TEXAS — Brask Inc., Neela is constructing a new fabrication facility on 9.45 acres within Pearland's Industrial Park in Pearland. The facility will feature welding, machining and assembly departments as well as a clean room for high-alloy welding. Completion is slated for the third quarter of 2011. Brask received a package of property tax abatements, job creation grants and bond financing to help fund the project. The estimated cost of the project is $6 million.
GRAND PRAIRIE, TEXAS — National Distribution Centers (NDC) has renewed its lease for 242,980 square feet of warehouse space at Regency I in Grand Prairie. The now-fully leased building contains 406,110 square feet and is located at 1029 Post & Paddock Road. As part of the new lease, the building's landlord, Teachers State Retirement Systems of Ohio, will install new levelers on four of NDC's 27 dock doors. Spain Santaularia and Kevin Santalauria of Bradford Commercial Real Estate Services represented the landlord in lease negotiations. Jean Russo of Cushman & Wakefield of Texas represented the tenant.
CARSON, CALIF. — MV Transportation Inc. has a 10-year lease for a 5.5-acre site at 21222 S. Wilmington Ave. in Carson. The lease is valued at $5.5 million. MV Transportation plans to use the property, which includes a 22,000-square-foot maintenance and office building and a 5-acre secured, lit and paved yard, to service the Los Angeles Metropolitan Transit Authority contract for the South Los Angeles region beginning in October. Newport Beach, Calif.-based Hager Pacific Properties and SoCal Industrial Partners own the property. Frank Hillebrand and John Lassiter of Lee & Associates represented Hager Pacific in the transaction; Jeff Smart, Kyle Degener and the Reitz-Biondi-Kim team of Grubb & Ellis represented MV Transportation.
HAZELWOOD, MO. — St. Louis-based Luxco, a producer, bottler, importer and marketer of beverage alcohol products, has inked a deal to lease space at Park 370, a 450-acre industrial park located in Hazelwood. The company will occupy 213,558 square feet of distribution space at 1619 Park 370 Blvd. Luxco plans to relocate a portion of its warehousing operations to the new facility from its main production facility, which is located at 5050 Kemper Ave. in southwest St. Louis. The company is expected to take occupancy in July. Chicago-based HSA Commercial Real Estate developed 1619 Park 370 Boulevard and a 340,000-square-foot distribution center on an adjacent lot following its acquisition of a 30-acre vacant site from TRiSTAR Properties in 2001.
DALLAS — Future Foam has leased 100,000 square feet of warehouse space from CRP-2 Ambassador LP in Dallas. The property is located at 8611 Ambassador Row. CB Richard Ellis' Corbin Crews represented the landlord.
ARLINGTON, TEXAS — Jason Industries has sold an Arlington industrial property to Solv-It Products for an undisclosed amount. The warehouse is located at 1114 and 1118 W. Harris Road. NAI Huff Partners' Frank Jester, II, represented the seller. Michael Newsome of NAI Robert Lynn represented the buyer.
JACKSONVILLE, FLA. — The Paul and Eleanor Sade Trust has purchased a 254,297-square-foot warehouse property from Ascension I Jax for $10.65 million. The property is located at 6831-35 Stuart Ave. and 6830 Highway Ave. in Jacksonville. Miller International's Bob Miller represented the buyer in the transaction. Bobby Gatling, Bryan Bartlett and John Richardson of Grubb and Ellis|Phoenix Realty Group represented the seller.
TROY, MICH. — Joe DePonio of L. Mason Capitani/CORFAC International represented M.A.K.S. Inc. in the purchase of 17,514 square feet of industrial space at 1150 Rankin in Troy. The buyer is expanding to the new space to accommodate its new medical division. The seller and terms of the sale were not released.
EUREKA, MO. — Stamford, Conn.-based Cenevo Inc. has leased 220,000 square feet of industrial space at the former Visteon facility at 101 Workman Court in Eureka. Cenevo’s 10-year lease begins this fall. Bob Staniforth of CB Richard Ellis brokered the transaction. Staniforth is the exclusive leasing agent for the property. Terms of the lease were not disclosed.
DALLAS — A-1 Freemen Hill Country has sold a 120,596-square-foot warehouse to 10777 Shady Trail Properties LLC for an undisclosed amount. The property is located at 10777 Shady Trail in Dallas. CB Richard Ellis' David Easterling, Steve Berger and Sarah Carter represented the seller. TIG Real Estate Services' Tom Smolik represented the buyer.
