RICHMOND, VA. — ADC II LLC has purchased an approximately 63,000-square-foot industrial property in Richmond's Scotts Addition area. Situated on 1.81 acres at 1300 Mactavish Ave., the property sold for $1.45 million. The buyer plans to redevelop the property. Jeffrey Cooke of Thalhimer, a member of Cushman & Wakefield Alliance, represented the seller, Mactavish Investment Co., in the transaction.
AURORA, ILL. — Liberty Property Trust's Liberty Business Center Aurora #4 building has received LEED Gold certification. Located at 900 Bilter Road in Aurora, the 436,363-square-foot warehouse property features T-5 high output lighting, low VOC adhesives, sealants, paints and coatings, and composite wood products. The construction process recycled 95 percent of construction debris and 15 percent of the materials used in the building's construction contained recycled content.
HACKENSACK, N.J. — A joint venture between Prism Capial Partners and New Boston Fund has sold a Hackensack flex building to a jewelry importer. The single-story, 43,000-square-foot property is located at 60 Commerce Way. The buyer plans to relocate its headquarters to the building. Michael Schaible of Jones Lang LaSalle represented the seller, and Young Star Realty represented the buyer. The acquisition price was not disclosed.
ROUND ROCK, TEXAS — A subsidiary of Jabil Circuit Inc., an electronics design, manufacturing and product management company, has signed a long-term lease extension for 64,771-square-feet in Building D at Crystal Park II in Round Rock. Located at 106 Old Settlers Boulevard, the 169,301-square-foot property is owned by KBS Real Estate Investment Trust. Holice Jeffries of the Memphis, Tenn., office of Central States Realty represented Jabil in lease negotiations, while Greg Johnson and Luke Wheeler of Transwestern Commercial in Austin represented KBS.
OAKLAND, CALIF. — Cassidy Turley BT Commercial Oakland has brokered Amerco Real Estate Co.’s $10 million purchase of a 511,583-square-foot industrial property, located at 851 81st Ave. in Oakland, from Fowler Property Acquisitions. Occupying a 16,000-square-foot portion of what is known as the Sunshine Biscuits Business Complex, Amerco will manage and operate the mini-storage and live-work components of the multi-tenant facility, as well as add a truck rental to the site. Cassidy Turley’s Brian Collins represented the buyer in the transaction.
HAYWARD, CALIF. — Colliers International has presided over the purchase of an approximately 33,000-square-foot warehouse located within Hayward Bridge Business Park at 25803 Clawiter Road in Hayward. Colliers’ Kevin Hatcher, Greig Lagomarsino and Mark Maguire represented both the buyer, New Asia Food Inc., and the seller, SPI Holdings, in the transaction, the terms of which were not disclosed. Built in 1973, the concrete, tilt-up building is located adjacent to the buyer’s existing facility and will serve as the trading company’s headquarters/distribution center.
NEW CASTLE, DEL. — Five Below has expanded its lease at Twin Spans Business Park in New Castle. The retailer will expand from 214,000 square feet to occupy all 421,000 square feet of 350 Anchor Mill Road. Harvey, Hanna & Associates negotiating the deal.
LA PORTE, TEXAS — The joint venture between ML Realty Partners and National Property Holdings has tapped Colliers International to lease and market Port Crossing Commerce Center, a 300-acre logistics park being constructed in La Porte. Planned buildings will eventually encompass 4 million square feet of new warehouse space. The site is designated as a foreign trade zone and features rail access. Colliers International's Michael J. Taetz, Gary A. Mabray and Jason Dillee are handling the project.
ANAHEIM, CALIF. — DAUM Commercial Real Estate Services has handled the more than $1.94 million sale of a 16,900-square-foot industrial building located at 3431 E. La Palma Ave. in Anaheim. DAUM’s Chris Migliori represented both the buyer, Tanlie LLC, and sellers, The Donald V. Wright Trust and Brian D. Randolph Trust, in the transaction.
GENEVA, ILL. — Krusinski Construction Co. has broken ground for the development of France-based Roquette America’s new Innovation Center in Geneva. The two-story, 35,000-square-foot facility will house customer collaboration, product development, nutrition and bio-chemical research services, as well as an United States sales and client center. The facility will feature six test kitchens/laboratories, a demonstration kitchen and a 56-seat auditorium. Aurora-based Cordogan Clark & Associates is serving as project architect, while Oakbrook Terrace, Ill.-based Jacob & Hefner is providing civil engineer services for the project. The construction timetable was not released.