IRVING, TEXAS — Wel Cos. has signed a 69,839-square-foot industrial lease with ProLogis. The property is located at 9010 N. Royal Lane in Irving. Mitch Pruitt represented ProLogis internally. Greg Nelson of Lee & Associates represented the tenant.
Industrial
VERNON, CALIF. — Cushman & Wakefield has brokered the sale of a more than 400,000-square-foot manufacturing complex located at 5215 South Boyle Ave. in Vernon. Cushman & Wakefield’s John McMillan, Jeff Sanita and Tim Wallace represented the Michigan-based seller, TriMas Corporation. The property is AMB Property Corp.’s first purchase in the mostly industrial city located approximately 5 miles southeast of Los Angeles.
CHARLOTTE, N.C. — MG Land has purchased a 12,800-square-foot warehouse from a private party for an undisclosed price. The property is located on 2.61 acres at 1907 Gateway Blvd. in Charlotte. Lester Osborn and A. Scott Hensley of Piedmont Properties/CORFAC International represented the buyer. Chuck Paxton of Carolina Homes and Land Realty represented the seller.
CAROL STREAM, ILL. — S&S International has selected Principle Construction Corp. to construct a 43,500-square-foot building expansion at the company’s property at 457 St. Paul Blvd. in Carol Stream. The project includes a 40,000-square-foot expansion of the property’s manufacturing/warehouse space and a 3,500-square-foot expansion of its office space. Principle will install a 4,000-amp electric service system, two 25-ton and two 15-ton bridge cranes, an embedded steel rail and four interior docks. Additionally, Principle is constructing a new office space, which will be coordinated with the renovation of the current 4,000-square-foot office space. Richard Preves & Associates are providing architectural services for the project, which is scheduled for completion in July.
HOUSTON — Sysco has acquired a 699,101-square-foot warehouse formerly occupied by Hewlett Packard from a private party for an undisclosed price. The property is located on 105 acres at 24500 Northwest Freeway in Houston. Sysco will move into the property, which will include a call center and offices for administrative staff, at the end of the year. J. Holmes Davis of Binswanger brokered the sale.
FORT WORTH, TEXAS — LG Electronics has leased 66,433 square feet of warehouse space at Hillwood's Commerce Center 4 property in the Alliance Global Logistics Hub. The tenant now leases the entire 165,402-square-foot property, which is located at 2153 Eagle Parkway in Fort Worth. LG first moved to the building in 2005. CB Richard Ellis' Seth Kelly and Ryan Keiser represented the tenant. Steve Aldrich represented Hillwood internally.
YONKERS, N.Y. — An affiliate of Mile Square Transportation has acquired an industrial property in Yonkers from Precision Valve Corp. for $10.75 million. Located on more than 8 acres at 700 Nepperhan Ave., the industrial building has served as the corporate headquarters for Precision since 1952, but the company recently relocated to South Carolina. William Cuddy, Jr., and Kevin Langtry of CB Richard Ellis' Westchester, N.Y., office represented Precision in the sale. Bernard Stachel of Tamerlain Realty Corp. represented the buyer.
HOUSTON — Cadence McShane Construction Co. has completed 326,000 square feet of renovations and 30,000 square feet of new construction at Weingarten Realty Investors' ClayPoint 4 warehouse. The property is located in the 40-acre ClayPoint Distribution Park at the intersection of Clay and Hollister roads in Houston. Seeberger + Associates designed the project.
MIRA LOMA, CALIF. — Grubb & Ellis has represented a private investor in the $5.8 million purchase of Grapevine Business Center located at 3030 and 3090 Grapevine St. in Mira Loma. Constructed in 2008, the center comprises two industrial buildings totaling approximately 85,000 square feet. Grubb & Ellis’ David Wu represented the buyer, David Deng, in the transaction, and Greg Ashwill of Ashwill Associates represented the seller, Panattoni Development Co. Deng’s import and distribution company, Nanjing Electric ProCom, will occupy the 51,034-square-foot Building B; Building A is currently unoccupied.
CARSON, CALIF. — Watson Land Co. has leased out 119,077 square feet of industrial space located within the Dominguez Technology Center at 18620 Harmon Ave. in Carson. The 5-year lease is valued at $5 million. Mohr Partners’ Dina Zavislak represented the Eden Prairie, Minn.-based lessee, C.H. Robinson Worldwide, in the transaction, and Watson Land was represented in-house by Lance Ryan and Mike Bodlovich.