Industrial

ASHLIND BROKERS 130,000-SQUARE-FOOT INDUSTRIAL SALE

by admin March 11, 2010

DEER PARK, N.Y. — Hauppauge, N.Y.-based Ashlind Properties has brokered the purchase of a 130,000-square-foot industrial building located at 900 Grand Blvd. in Deer Park for $6.5 million. The buyer, online cosmetics retailer Fragrancenet.com, plans to relocate to the building in August following interior renovations. Richard Cohen of Ashlind Properties represented Fragrancenet.com as well as the seller, M.A.S. Boulevard Associates. This marks the buyer's third expansion that was brokered by Cohen.

March 11, 2010

WEITZMAN GROUP BROKERS RETAIL SALE

by admin March 11, 2010

GRAND PRAIRIE, TEXAS — Lexington Realty Trust has sold a 49,340-square-foot retail building to Dallas-based Component Capital Group for an undisclosed amount. The property, a former Carnival grocery store, sits on 3.79 acres of land at Carrier Crossing in Grand Prairie. The Weitzman Group's Greg McDonald brokered the sale.

March 11, 2010

Industrial Texas

DENTON WAREHOUSE ACQUIRED BY TRCA

by admin March 11, 2010

DENTON, TEXAS — Technology Resource Center of America has purchased an 88,000-square-foot warehouse from Baker Distributing dba Weatherol Supply Co. The sales price was not disclosed. Located at 2600 E. University Drive in Denton, the property will become TRCA's new corporate headquarters. Dan Spika of Henry S. Miller Brokerage arranged the transaction.

March 11, 2010

Industrial Western

GRUBB & ELLIS NEGOTIATES 162,500-SQUARE-FOOT INDUSTRIAL LEASE IN SO. ARIZ.

by admin March 11, 2010

TUCSON, ARIZ. — Grubb & Ellis has represented Highland Valley Partners LLC in its 65-month lease of 162,478 square feet of industrial space located at 6874 South Palo Verde Road in Tucson. The tenant, a third-party logistics company, will take occupancy August 1st. Grubb & Ellis’ Robert Davis and William DiVito represented Highland Valley Partners in the transaction, and Rob Glaser of PICOR Commercial Real Estate Services represented the landlord, EastGroup Properties.

March 11, 2010

Industrial Texas

38,190-SQUARE-FOOT WAREHOUSE PURCHASED

by admin March 10, 2010

PASADENA, TEXAS — MCJC Investments Acquisitions has sold a 38,190-square-foot warehouse from 14 South Wayside LLC for an undisclosed amount. The property sits on 2.69 acres of land at 1202 Beltway in Pasadena and features 10,000 square feet of office space. CB Richard Ellis' Jim Stark represented the seller.

March 10, 2010

Industrial Texas

WAREHOUSE SPACE LEASED IN SAN ANTONIO

by admin March 10, 2010

SAN ANTONIO — Plan B Inc. has signed a lease with ProLogis for 33,660 square feet of warehouse space in SADC I. The property is located at 1802 Shipman Drive in San Antonio. Prologis was represented in house. Clint Parker of Grubb & Ellis represented Plan B. Grubb & Ellis' Rick Stagers represented Lansing Building Products in its 16,800-square-foot lease from TC II Land L.P. Located at 3453 Interstate 35 North in San Antonio, the property is part of the San Antonio Distribution Center. Cross & Co.'s Ryan Smith represented the landlord.

March 10, 2010

Industrial Western

COLLIERS INTL. BROKERS $17.75 MILLION INDUSTRIAL SALE IN DESERT

by admin March 10, 2010

LAS VEGAS — Colliers International Ð Las Vegas has represented LaPour D.C. Two LLC in its $17.75 million sale of Decatur Crossing II, a 140,596-square-foot industrial business park located at 6420, 6450 and 6480 S. Cameron Street in Las Vegas, to York Decatur Crossing LLC. Colliers’ Michael De Lew represented the seller in the transaction, and Jay and Brian Heller of Heller Cos. represented the buyer.

March 10, 2010

Industrial Southeast

240,000-SQUARE-FOOT GREENSBORO WAREHOUSE LEASE ARRANGED

by admin March 9, 2010

GREENSBORO, N.C. — High Point, N.C.-based Bernards has signed a 240,000-square-foot lease with Tower Greensboro of Woodland, Calif., for space in a Greensboro warehouse. The property is located at 5644 Hornaday Rd. Jordan Reece and AB Henley of Triad Commercial Properties represented the tenant. Dodson Schenk of CB Richard Ellis represented the landlord.

March 9, 2010

Industrial Southeast

SHIPPING COMPANY LEASES SAVANNAH WAREHOUSE SPACE

by admin March 9, 2010

SAVANNAH, GA. — Maersk Distribution Services has leased 195,000 square feet of warehouse space from Duke Realty Corp. at 318 Grange Rd. in Savannah. The tenant is a U.S. division of Denmark-based Maersk Line, a shipping company. Brian Sutton of Duke Realty served as in-house representation for the company. Colliers Neely Dales' John Neely represented Maersk.

March 9, 2010

Industrial Southeast

FIRM BUYS 157,000-SQUARE-FOOT WAREHOUSE IN ATLANTA

by admin March 9, 2010

ATLANTA — Display Fixture Warehouse has purchased a 157,000-square-foot warehouse from General Electric Capital for an undisclosed amount. The property is located at 4970 Fulton Industrial Blvd. in Atlanta. Bradley Bays of King Industrial Realty represented the buyer. Lincoln Property Co.'s Denton Shamburger represented the landlord.

March 9, 2010

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