GARDEN GROVE, CALIF. — Colliers International has negotiated the more than $4 million sale of a 50,625-square-foot industrial building, located at 7472 Chapman Ave. in Garden Grove, to Aero Dynamic Machining. Built in 1978, the single-story property is situated within the Garden Grove Industrial Park. Colliers’ Clyde Stauff represented the sellers, private investors David and Faith Grant, in the transaction, and Jackie Nguyen of Union Pacific Realty represented the buyer.
Industrial
YORBA LINDA, CALIF. — DAUM Commercial Real Estate Services has represented LSPS Properties LLC in its $3 million sale of a 26,334-square-foot industrial building located at 23700 & 23720 Via Del Rio in Yorba Linda. DAUM’s Chris Migliori represented the seller in the transaction, and Associated Commercial Brokers represented the buyer, Wildfun Investments LLC.
DORAL, FLA. — PS Business Parks has completed vertical construction of a 75,000-square-foot warehouse in Doral. The Class A property is located in the Miami International Commerce Center at 8216 NW 14th St. The building is divisible into units ranging from 3,000 square feet to 7,000 square feet.
CHICAGO — Diana’s Bananas, a chocolate-covered frozen bananas producer, has acquired a 30,529-square-foot industrial property, which is located at 2733 W. Harrison St. in Chicago. Tomahawk Packaging sold the property for $1.17 million. Situated on a 38,116-square-foot land parcel, the property features three interior loading docks, one drive-in door, a 6,000-square-foot parking lot, 400 amp power capability, 18-foot clear ceiling height and office space. The buyer plans to build-out the facility with a high-end freezer/cooler system for its manufacturing operations. Michael Nelson and Mark Nelson of Chicago-based Paine/Wetzel•ONCOR International represented the buyer; Nick Saraceno of Camins Tomasz Kritt represented the seller in the transaction.
GRAPEVINE, TEXAS — Honolulu-based A&B Properties has leased 70,000 square feet of space in its Heritage Business Park II building to Insight Merchandising. The property, which is part of the 1.3-million-square-foot Heritage Business Park, is located at 1000 S. Nolen Drive in Grapevine. Michael Spain and Todd Lambeth of Bradford Commercial Real Estate Services represented A&B Properties. Lee & Associates' Ken Wesson and Donnie Rohde represented the tenant.
CARROLLTON, TEXAS — Tenent HealthSystem Medical has renewed its 81,644-square-foot warehouse lease with Acquiport DFWIP in Carrollton. The space is located at 1150 Hayden Drive. Jones Lang LaSalle's Rob Kingsbury and Steve Thelen represented the tenant. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord in the 5-year lease renewal.
SAN ANTONIO — Ranch Hand Truck Accessories/Croft Truck Equipment has signed a 28,242-square-foot lease with an undisclosed landlord in San Antonio. The company will move into the property, which is located at 2625 Broadway, this April. Stream Realty Partners' Jason Schnittger represented Ranch Hand in the lease. Michael McMahon of McMahon Properties represented the landlord.
CHICAGO — Chicago Industrial Real Estate has closed three deals in Chicago. In the first transaction, Ben Shapiro purchased a 6,520-square-foot industrial property at 438 W. 43rd St. in Chicago for an undisclosed price. Matt Rogatz and Colin Green of Chicago Industrial Real Estate represented the seller, WHL Properties, in the transaction. In the second transaction, Rogatz and Green represented landlord 5701 Claremont Building Corp. in the lease transaction of 13,500 square feet at 2301 W. 57th St. in Chicago. Rusber Garcia leased the space for an undisclosed price. Finally, New Jersey-based National Mirco Rental leased 5,500 square feet of industrial space at 2101 S. Peoria in Chicago. Rogatz and Cesar Alvarez of Chicago Industrial Real Estate represented the undisclosed owner; Tracy Gola of Prudential Rubloff Properties represented the tenant in the transaction.
PLANO, TEXAS — KBS REIT II has purchased a three-building industrial portfolio totaling 283,559 square feet from a private seller for an undisclosed amount. The space is located in the E, F and G buildings of the Plano Business Park in Plano. IDI developed the properties, which are 94 percent leased to seven tenants, in 2001. KBS Realty Advisors represented the buyer. CB Richard Ellis' Jack Fraker and Josh McArtor represented the seller.
CORONA, CALIF. — Panattoni Development Co. has sold the 168,450-square-foot West Corona Corporate Center, a warehouse and manufacturing facility located at 1346 Railroad in Corona, to action-sports apparel retailer, Zumiez Inc., for $11.9 million. Cushman & Wakefield’S Jeff Chiate, Rick Ellison, Peter Sowa and Brett Lockwood represented Panattoni in the transaction, and Greg Gil and Erik Hernandez of Lee & Associates represented the Everett, Wash.-based buyer, which will relocate to the new facility in the summer. Completed in June 2009, West Corona Corporate Center is LEED Silver certified.