MARANA, ARIZ. — The Larry L. Larson Family Trust Partnership LP has purchased a 22,468-square-foot industrial facility, located at 7825 North Hartman in Marana, for nearly $1.35 million. PICOR Commercial Real Estate Services’ Rob Glaser represented the seller, 4-D Properties, in the transaction, and Grubb & Ellis’ Ron Zimmerman represented the buyer.
Industrial
PEACHTREE CITY, GA. — HJB Holdings has purchased a 117,221-square-foot flex building from Dividend Partners for $5.2 million. Located at 665 Highway 74 South in Peachtree City, the property is 95 percent occupied. Cushman & Wakefield represented the buyer. Marcus & Millichap's Britton Burdette and Rob Fox represented the seller in the transaction.
ANAHEIM, CALIF. — Lee & Associates has closed the $5.1 million acquisition of a 52,000-square-foot industrial building located at 4240 E. La Palma in Anaheim. After a major renovation, the facility will be used as the corporate headquarters for InfoSend Inc. starting in first quarter 2011. Lee & Associates-Orange’s Scott Seal represented the buyer, Rezai & Son LLC, in the transaction, and Ben Seybold and Sean Ward of CB Richard Ellis Anaheim represented seller, Anaheim Manufacturing.
HENDERSON, NEV. — Colliers International has completed the $4.8 million sale of the 104,030-square-foot Sunset Pointe Industrial Center, located at 505-585 W. Sunset Rd. in Henderson. Built in 2009, the business park consists of 21 industrial buildings. Colliers’ Scott Heaton, Patrick Barnes and E.J. Paul Sweetland represented the seller, City National Bank, in the transaction; Lee and Associates’ Mel Koich represented the buyer, Laguna Beach, Calif.-based Bakken Wineville Properties LLC.
COMMERCE, CALIF. — Jones Lang LaSalle has represented Maruhana USA Corp. in its 44,897-square-foot industrial lease at a multi-tenant facility located at 4455 Sheila Street in Commerce. Terms of the deal were not disclosed. Jones Lang LaSalle’s Paul Sablock, Barry Hill, Greg Matter and Zac Sakowski, along with Kevin Curtis of Colliers International, represented the Japanese food, wholesale grocery and professional restaurant supply company in the transaction. Jeffrey Stephens of CB Richard Ellis represented the landlord, Verdemont Associates California.
GRAYSLAKE, ILL. — Scannell Properties LLC has acquired a 33-acre land parcel, which is located at Route 83 within Grayslake Business Park in Grayslake, from Delos Inc. Scannell plans to develop a 215,000-square-foot distribution center for FedEx Ground in the site. Rodger Chenore, Patricia Baldwin and Terence Lynch of Chicago-based Paine/Wetzel • ONCOR International represented the seller in the transaction. The acquisition price was not disclosed.
HOUSTON — Medco Medical Supply has signed a 46,440-square-foot lease with Liberty Property Trust in Houston's Round Up Business Park. Liberty purchased the 227,800-square-foot industrial property, which is located near North Sam Houston Parkway, in July. Medco will move from its current location in the Legacy Center Business Park this December.
DALLAS — McGary Group II has leased 25,676 square feet of industrial space to Allied Stone in Dallas. The property is located at 2405 Crown Road. Lee & Associates' Nathan Denton and Hanes Chatham represented the landlord. CB Richard Ellis' Michael Chiocca represented the tenant.
SOUTH SAN FRANCISCO, CALIF. — Terreno Realty Corp. has purchased an 80,524-square-foot warehouse building, located at 238-242 Lawrence Ave. in South San Francisco, from John C. Nickel Properties for $9.6 million. Cassidy Turley’s Matt Squires and Randy Keller represented the buyer in the transaction, and the brokerage firm’s Marshall Hydorn and Jason Cranston represented the seller. The multi-tenant airfreight and distribution/warehousing facility was fully leased at the time of sale.
ONTARIO, CALIF. – CT Realty Investors and Dallas-based Behringer Harvard Opportunity REIT II have purchased the 231,444-square-foot Archibald Business Center, located at 2021 So. Archibald Ave. in Ontario, from Bixby Land Co. for $9.5 million. Fully occupied by SKECHERS USA Inc., the Class A facility features 206,484 square feet of distribution/warehouse space and 24,960 square feet of corporate office space. CT Realty represented itself and Behringer Harvard in the transaction; Rick John of Collins Commercial represented the seller.