ESCONDIDO, CALIF. — Marcus & Millichap has brokered the $5.2 million sale of State Place Business Park, a 49,324-square-foot multi-tenant business park located at 300-398 State Place in Escondido. Built in 1990 and 1999, the four-building property was more than 90 percent leased at the time of sale. Marcus & Millichap’s Michael Lawrence assisted the seller in a transaction involving two limited-liability companies.
SANDY, UTAH — On behalf of CC Industries, Binswanger has closed the sale of a two-building, 60,827-square-foot facility, located two blocks from Interstate 15 on 11.321 acres at 9100 South 500 West in Sandy. The Salt Lake City-based buyer was LRF Development III LLC. Eric Dienstbach of Philadelphia-based Binswanger represented the seller.
WAUKESHA, WIS. — E&R Machine Products Inc. has completed the disposition of a 10,500-square-foot property in Waukesha. Blue Fox Enterprises acquired the property, which is located at 405 Travis Lane, for an undisclosed price. Adam Matson and Brett Garceau of NAI MLG Commercial handled the transaction.
FOXBOROUGH, MASS. — Parsons Commercial Group has arranged the build-to-suit sale of a 6.87-acre property located at 67 Green St. in Foxborough. Local manufacturer Maltz Sales Co. acquired the site from East Weymouth, Mass.-based Construction Planners. In addition, Maltz has hired Construction Planners to construct a 30,000-square-foot industrial building on the site for use as Maltz' new headquarters. Matthew Morgan of Parsons represented the buyer in the land purchase, and Arlon Brown, also of Parsons, represented the seller.
LA MIRADA, CALIF. — Voit Real Estate Services and CB Richard Ellis have completed a 10-year lease of a 120,348-square-foot industrial property located adjacent to the Orange County line at 16050 Canary Ave. in La Mirada. Voit’s Luke McDaniel and Cameron Driscoll and CBRE’s Rick McGeagh and Josh Bonwell represented the landlord, Mirada Enterprises, in the transaction, and NAI Capital’s Doug Wubbena represented the lessee, E.T. Horn Co.
CHANDLER, ARIZ. — Marcus & Millichap has handled the more than $3 million sale of two industrial buildings, located at 208 South McKemy Ave. and 205 South Beck Avenue in Chandler. The brokerage firm’s Danny Kahn represented the undisclosed seller in the transaction. The properties total 97,809 square feet.
PHOENIX — Cassidy Turley BRE Commercial has completed the $1.95 million sale of a 32,350-square-foot Class B industrial building, located at 4825 E. Ingram Street in Phoenix. Cassidy Turley’s Kent Hanson represented the seller, Ingram LDB LLC, in the transaction, and MarCor’s Fran Marotta represented the buyer, Falcon Ingram LLC.
PLANO — Investors Business Daily and O'Neil Data Systems have purchased a 218,000-square-foot office and warehouse facility, located at 3100 E. Plano Pkwy. in Plano. O'Neil Data Systems will occupy 190,000 square feet, while Investors Business Daily will occupy 28,000 square feet. Bob Edge, Gary Collett, Matt Heidelbaugh, Mari Jones and Billy Gannon of Cushman & Wakefield of Texas represented the buyers, while Holmes Davis of Binswanger represented the seller.
LITTLETON, MASS. — Dover Saddlery has renewed its lease for 100,000 square feet of industrial space at 525 Great Road in Littleton. Micah Stubbledine and James Stubbledine of The Stubbledine Company/CORFAC International represented the landlord, Marvid Crabyl in lease negotiations. Chris Goodnow of Goodnow Real Estate Services represented the tenant.
JACKSONVILLE, FLA. — Mercedes-Benz USA has opened its 415,000-square-foot regional headquarters facility in Jacksonville. Located on International Parkway, the facility houses the sales operations Southern region office, a parts distribution center, a quality evaluation center and a learning and performance center. the project was designed by Orlando-based Cuhaci & Peterson Architects with MFC Customized Solutions providing industrial design services and Elkins Constructors serving as general contractor.