DEARBORN, MICH. — Newport Beach, Calif.-based Hager Pacific Properties has leased an 112,500-square-foot property in Dearborn to California-based Paul’s TV, an electronics retailer. The 5-year lease is valued at approximately $3 million. Located at 15080-15090 N. Commerce Drive within Fairlane Commerce Park North, the property offers warehouse, office and distribution space. The park provides immediate access to the Detroit Industrial Expressway, Southfield Freeway and U.S. Route 12. Randall Allman of CB Richard Ellis represented Hager Pacific; Marty Seltzer of Core Real Estate Services represented Paul’s TV in the transaction.
LONDONBERRY, N.H. — CB Richard Ellis (CBRE) has brokered the sale of a 37,140-square-foot industrial property in Londonberry for $1.52 million. The building is located on 2.74 acres at 6 George Ave. Built in 1970, it contains office, manufacturing and high-bay warehouse space. The seller, an affiliate of Northern Electronics Automation, is using the transaction to free up capital and downsize its operations to a smaller, leased facility. Roger Dieker of CBRE's Manchester, N.H., office represented the seller and procured the buyer, Vulcan Electric Co.
MT. JULIET, TENN. — KHS America has signed a 10-year lease with Panattoni Development Co. for a 100,000-square-foot building at the Beckwith Farms development in Mt. Juliet. The lease includes an option to purchase the property. KHS, a distributor of musical instruments, will move its corporate headquarters from Austin, Texas, to the development. The property will deliver this summer. Dave McGahren of Colliers Turley Martin Tucker and Austin, Texas-based Commercial Texas' Lee Ellison and Dan Meyer represented the tenant. Colliers Turley's Doug Howard represented the landlord.
GONZALES, LA. — Jackson, Miss.-based MISSCO Corp. d/b/a School Book Supply of Louisiana has signed a 52,620-square-foot lease with Sealy & Co. for space in its Sealy Ashland Distribution Center. The 147,385-square-foot Gonzales property is now 86 percent leased. NAI/Latter & Blum's Ben Johnson represented MISSCO in the lease. Jennifer A. Lee served as in-house representation for Sealy & Co.
AURORA, ILL. — Illinois-based Peerless Industries has signed a 1-year lease and purchase option for a 307,813-square-foot industrial space at 2300 White Oak Circle in Aurora. The auto/visual mounting solutions manufacturer plans to consolidate and relocate its global operations to the new facility, which was developed by Northern Builders in 1997. Situated on 22.5 acres, the building features 30-foot clear ceiling heights, 35 exterior docks and 400 parking spaces. Peerless has future plans to develop a 180,000-square-foot expansion on the site. Larry Goldwasser and Jay Maher of NAI Hiffman represented Peerless Industries; Jason West, Sean Henrick and Mike Magliano of Cushman & Wakefield represented the owner, Northern Builders. Additional terms of the lease were not released.
SAN ANTONIO — Marcus & Millichap has brokered the sale of the 35,382-square-foot Burwood Lane Business Park between two undisclosed parties. The property is located at 4-6 Burwood Lane in San Antonio. Joshua Swank of Marcus & Millichap's San Antonio office represented the seller. The firm's Joshua Lass-Sughrue, who works in the firm's Houston office, represented the buyer.
FORT WORTH, TEXAS — Mitchell & Murphy LLC has purchased a 13,230-square-foot warehouse from Colonial Freight Systems for an undisclosed amount. Located at 1201 Cantrell Sansom in Fort Worth, the property sits on 5.46 acres. Marla Yost of Keller Williams represented the buyer in the transaction. NAI Huff Partners' Walter Floyd and Robert Sawyer represented the seller.
SANFORD, FLA. — Sanford-based AMR Florida Holdings has purchased a 30,000-square-foot warehouse from Salt Lake City-based Zions First National Bank for $900,000. The property, located on 2.64 acres at 2664 Jewett Lane in Sanford, was built in 1984. Allison Reynolds of Orlando, Fla.-based Duke Kroeger & Co. represented the buyer. Sperry Van Ness' Tyler Doggett represented the seller.
NORTH BRUNSWICK, N.J. — Capacity LLC has expanded its presence at Sudler Corporate Park in North Brunswick. First, the tenant renewed its lease for a 125,000-square-foot building located at 1112 Corporate Road. It also signed a new lease for a 130,000-square-foot warehouse building located at 1101 Corporate Road. The new building is situated on 11 acres and features 40-foot by 40-foot column spacing, one drive-in dock and 10 external docks. Capacity has been a tenant at the park, which is owned by The Sudler Companies, since 1998. Steven Spinweber provided in-house representation for the landlord in lease negotiations. John Maloney, Jr., of CB Richard Ellis represented the tenant.
WICHITA FALLS, TEXAS — Natura World, a pillow and bedding manufacturer, will open its new U.S. headquarters in Wichita Falls, a $24.9 million capital investment that will create 400 jobs. The property will be the company's only location in the United States. The state of Texas invested $1.5 million in the project through a Texas Enterprise Fund grant.