SAN ANTONIO – The 64,500-square-foot Interceramic Tile & Stone Gallery has traded for $4.4 million. Located at 12054 Starcrest Dr. in San Antonio, the single-tenant, net-leased building was marketed by Alvin Mansour and Phil Sambazis, investment specialist with Marcus & Millichap’s San Diego office, on behalf of the seller, an unlisted partnership.
Industrial
ELK GROVE VILLAGE, MOUNT PROSPECT AND DES PLAINES, ILL. — Grubb & Ellis' Institutional Capital Markets group has brokered the sale of three institutional-grade industrial facilities in the O'Hare submarket. In the first transaction, Erik Foster and Mike Wilson of Grubb & Ellis represented an institutional investor in the sale of Tri Center, a three-building, 140,837-square-foot industrial portfolio located at 1710 to 1912 Elmhurst Road and 2535 to 2552 Pratt Blvd. in Elk Grove Village. Town Investments acquired the property for an undisclosed price. Foster and Wilson, on behalf of an institutional fund, also brokered the sale of Prospect Industrial Center, a 240,000-square-foot multi-tenant industrial facility located at 1900 to 2000 Carboy Road in Mount Prospect. Brennan Investment Group acquired the property. In the final transaction, Foster, Wilson and John Basile of Grubb & Ellis represented Albion Illinois Funds in the disposition of 2392 S. Wolf Road in Des Plaines, an 84,730-square-foot industrial/flex facility that is fully leased to Unisource Worldwide. DCT Industrial Trust purchased the property for an unreleased price.
TROY, MICH. — DBT Troy Properties has acquired a 7,800-square-foot light industrial space at 966 Livernois in Troy. Klein Partners sold the property for an undisclosed price. The space will be used for the corporate offices of O'Brien Construction Co. Larry Schultz of Friedman Real Estate Group represented the buyer in the transaction.
HOUSTON – Steve Mellon of Grubb & Ellis’ Self Storage Group has represented Access Self Storage in its sale of two Class A self storage properties to Extra Space Storage (NYSE: EXR), a national REIT specializing in self storage properties. The acquisition enables Extra Space Storage to enter two new submarkets in the greater Houston area. The two properties are located in Houston and La Porte, and total 131,525 square feet and 1,061 units.
TRACY, CALIF. — AMB Property Corp. has leased approximately 390,280 square feet of industrial space at Building 2 within its AMB Chabot Commerce Center in Tracy. Terms of the deal were not disclosed. The lessee, a consumer electronics retailer and repeat tenant, will use the distribution center to service its Northern California customer base.
ENGLEWOOD, COLO. — Unique Properties LLC/TCN Worldwide has negotiated the almost $1.78 million acquisition of a 44,233-square-foot warehouse building, located at 3000-3066 S. Platte River Dr. and 1205-1281 W. Dartmouth Ave. in Englewood. Situated on a 2.99-acre lot with a fenced yard, the industrial property was 100 percent occupied by six long-term tenants at the time of sale. Unique Properties’ Brian McKernan represented the buyer, Platte River Warehouse LLC, in the transaction, and CT Fuller Real Estate’s R.C. Myles, Craig Myles and Jeff Halsey represented the seller, Grace Land & Improvement Co.
TALYOR, MICH. — Eftec North America has purchased 54,400 square feet of industrial space at 20202 Northline in Taylor. T. Alterman and Associates sold the property for an undisclosed price. Brad Viergever, Steve Gordon and Mark Hamway of Signature Associates represented the seller; Brad Viergever also represented the buyer in the transaction.
EASTLAKE, OHIO — Best Supply has acquired a 25,400-square-foot facility in Eastlake for its new headquarters. The sales price was not released. Situated on 4.85 acres at 33999 Vokes Road, the property offers 20-foot ceiling heights, one dock and one drive-in door. Eliot Kijewski of CRESCO Real Estate represented the buyer; Rick Ferris of Sequoia Realty represented the undisclosed seller in the transaction.
ESCONDIDO, CALIF. — Grubb & Ellis has negotiated the sale of the 49,324-square-foot State Place Business Park, located at 300 – 398 State Place in Escondido. Terms of the deal regarding the four Class A, multi-use buildings were not disclosed. Grubb & Ellis’ Alan Deszcz and Dave Stassel teamed with Michael Lawrence of Marcus & Millichap in representing the seller, MDC State Place LLC, in the transaction; Deszcz and Stassel also represented the buyer, State Place Partners LLC.
LITHONIA, GA. — Rich Products Corp. has acquired an 189,000-square-foot manufacturing facility at 2200 Lithonia Industrial Blvd. in Lithonia. Built in 1970 and expanded in 1980, the facility is used as a food manufacturing plant. Addison Meriwether and Travis Jackson of Cushman & Wakefield represented the buyer; Patrick Laughlin of Bullock Mannelly Partners represented the seller, CharterBank, in the transaction. The sales price was not released.