FONTANA, CALIF. — Grubb & Ellis has brokered the $5.1 million purchase of a 90,250-square-foot manufacturing building located at 13470 Philadelphia Ave. in Fontana. Built in 1998, the freestanding building is situated on approximately 6.2 acres of land within close proximity of State Route 60 and Interstate 15. Grubb & Ellis’ Brad Yates represented the buyer, Crown Cedar, in the transaction, and CB Richard Ellis’ Kevin McKenna represented the seller, Operating Engineers Fund LLC.
Industrial
BRANDYWINE, MD. — Exeter Property Group has purchased a 393,440-square-foot warehouse from Capital Development Co. of Lacey, Wash., for $11 million. Located at 14301 Mattawoman Drive, the property was formerly occupied by Circuit City and is currently leased by hhgregg. Matthew Laraway and Ned Brady of Cushman & Wakefield represented the seller. Exeter had in-house representation.
HUDSON, MASS. — Organic Mulch & Landscape Supply of New England has acquired a 25,000-square-foot industrial facility located in Hudson for $1.25 million. The building, which is located at 17 Brent Drive, features 20-foot clear ceiling heights and 7 drive-in bay doors. The property also contains 5 acres of yard space. Jake Parsons of Parsons Commercial Group represented the buyer. Joel Aho of O'Brien Commercial represented the seller, Road Hole Realty.
HOUSTON — FedEx has leased 146,792 square feet from KDC at the Ellington Trade Center in Houston. The 50-acre property spans 513,800 square feet and is located on State Highway 3. FedEx will move 250 employees into the building starting October 1. Kirk Bittel of Fischer & Company represented FedEx. NAI Houston's John Ferruzzo, Griff Bandy and Jon Michael represented KDC.
SCHAUMBURG, ILL. — An undisclosed buyer has purchased Willow Lake Tech Center, a multi-unit flex office/industrial property located in Schaumburg. Situated on 6.75 acres at 400 E. State Parkway, the 104,191-square-foot property sold for $6.6 million. John Abuja and Nicholas Kinney of Marcus & Millichap secured and represented the buyer; Abuja also represented the seller, a limited liability company. The buyer obtained 5-year financing on the asset.
EAST LONGMEADOW, MASS. — Manufactured housing builder Blu Homes has held the ribbon cutting ceremony for its new manufacturing facility. The new production plant totals 80,000 square feet and is located in East Longmeadow. Blu Homes' previous manufacturing facility was located in Littleton, Mass.
IRVINE, CALIF. — Grubb & Ellis has represented Goodyear Investment LLC in its $11.6 million sale of 20 Goodyear, a 135,777-square-foot industrial building located in Irvine. Built in 1983, the single-story manufacturing facility includes dock-high and ground-level loading docks. Grubb & Ellis’ David Kluver and Nick Carey represented the seller in the transaction, and The Heger Company’s Hak Chung represented the buyer, Navien America.
SANTA MARIA, CALIF. — Through its affiliate Union Development Co. (UDC), Los Angeles-based real estate developer Barker Pacific Group has acquired A-American Self Storage, a self-storage and RV-storage facility in Santa Maria, for $4.5 million. Purchased from A-American/Santa Maria Storage Partners, the facility will be re-branded under UDC’s Storage Solutions name. The acquisition includes 108,564 square feet of rentable space across 849 storage units and 99 RV parking spaces on 5.65 acres.
CARLISLE, PA. — Hillwood Investment Properties has acquired Key Distribution Center, a more than 600,000-square-foot industrial property located in Carlisle. The Class A facility is situated on a 46.3-acre site at 1700 Ritner Highway. It was constructed in 2007. The seller was a joint venture between Chicago-based companies Higgins Development Partners and Pritzker Realty Group. Steve Bonge, Tim Brogan and Patrick McBride of Grubb & Ellis represented the venture in the deal. Michael Bartolacci, Gerald Bower and Jerry Moore of The Garibaldi Group represented the buyer. The acquisition price was not released.
SAN JOSE, CALIF. — Grubb & Ellis has negotiated ConAgra Foods Packaged Foods LLC’s $4.8 million sale of a 45,832-square-foot industrial building, located at 1744 Junction Ave. in San Jose, to Pan’s Junction Investments LLC. Located near Interstate 880, the freestanding building includes food-processing space and a five-door, covered dock platform. Grubb & Ellis’ David Sass represented the seller in the transaction, and Derik Benson of Cassidy Turley BT Commercial represented the buyer.