NEW YORK CITY — A Manhattan artist has acquired an industrial building in Brooklyn's Gowanus neighborhood and plans to redevelop it into an art studio. The single-story, 4,500-square-foot building is located at 45-49 4th St. Melissa DiBella and Ofer Cohen of Brooklyn-based TerraCRG represented the undisclosed seller in the deal. Chad Castle of Excelsior Realty represented the buyer. The acquisition price was not disclosed.
Industrial
MCCARRAN, NEV. — A large Internet retailer has leased 566,875 square feet at McShane Development Co./MetLife Real Estate Investments’ Building I at Eagle Valley Industrial Center in McCarran. The full-building commitment involves initial occupancy in June of 284,360 square feet. CB Richard Ellis’ Eric Bennett, Matt Riecken, E. Gordon Zack and Mike Nevis represented the owners in the lease transaction, and Brad Lancaster of Reno, Nevada-based Miller Industrial Properties represented the tenant. Building I is the first of two industrial buildings to be developed by the McShane/MetLife industrial development alliance at Eagle Valley Industrial Center, a 1.1 million-square-foot industrial business park in the heart of the Tahoe-Reno industrial market.
GOODYEAR, ARIZ. — Binswanger has negotiated a 460,000-square-foot industrial lease on behalf of a solar-related tenant at the former Rubbermaid manufacturing site in Goodyear. Binswanger’s Doug Heller, Eric Dienstbach and Rob Gemerchak represented both the lessee and the landlord, BET Investments, in the transaction.
ORLANDO, FLA. — FedEx Smartpost has renewed a 101,016-square-foot lease with an undisclosed landlord for 2 years. The property, Crossroads VI, is located at 501 Gills Drive in Orlando. Erik Schwetje of CB Richard Ellis brokered the transaction.
MORRISVILLE, N.C. — iContact, an e-mail marketing firm, has signed a 70,304-square-foot lease with Duke Realty Corp. for space in Perimeter Park. The property is located at 5221 Paramount Parkway in Morrisville; iContact will occupy some of the space recently vacated by Lenovo, who moved out of the building late last year. Jones Lang LaSalle's Ryan Lawrence represented the tenant. Hooker Manning served as in-house representation for Duke Realty Corp.
IRVING, TEXAS — The Medve Group has signed a lease with a private landlord for the 117,000-square-foot Walnut Hill Distribution Center in the Las Colinas area of Irving. The property is located at 1411 W. Walnut Hill Lane. Capstone Commercial's Larry Robbins represented the tenant. Colliers International's Allen Gump represented the landlord.
ONTARIO, CALIF. — Grubb & Ellis has represented Saddle Creek Corp. in a 432,308-square-foot warehouse/distribution lease at 5431 E. Philadelphia St. in Ontario. The third-party logistics company immediately took occupancy at the ProLogis Corp. property after signing a 5-year lease. Grubb & Ellis’ Ron Washle and Mark Kegans teamed up with Ladson Montgomery of Grubb & Ellis|Phoenix Realty Group to represent the Lakeland, Fla.-based lessee in the transaction; the property’s landlord represented itself.
PORTSMOUTH, VA. — PFR Properties II has acquired a 76,000-square-foot warehouse from RADVA Corp. for $1.6 million. The building sits on 8 acres at 2211 Elliott Ave. in Portsmouth. After a renovation, the site will be the new corporate headquarters of Special Events Entertainment and Rentals. Thalhimer's Patrick Mumey brokered the sale.
MEDLEY, FLA. — USPly Trading Co. has signed a 37,440-square-foot lease with PPF Lincoln-Medley at the 670,000-square-foot Lincoln Logistics Park. The property is located at 12604 NW 115th Ave. in Medley. The building features office space and ESFR sprinklers. Jones Lang LaSalle's Steven Medwin, Harry Wardell and Nick Wigoda represented the landlord.
ST. PETERS, MO. — Hard, Austria-based Alpla Inc. has purchased an 83,485-square-foot industrial property, located at 9 Cermak Blvd. in St. Peters. The plastic packaging solutions manufacturer plans to initially invest $12 to $16 million in the facility and hire approximately 50 to 100 employees. Allen Klippel and Marc Cacciarelli of CB Richard Ellis represented the undisclosed seller; Southfield, Mich.-based Plante Moran CRESA represented the buyer. The acquisition price was not released.