CARROLLTON — Cobalt Capital Partners has leased 52,468 square feet of industrial space to PAC. The property is located at 1701 Vantage Drive, Suite 100, in Carrollton. Ken Wesson and Adam Graham of Lee & Associates represented Cobalt. Jones Lang LaSalle's Forshey Hoobler represented the tenant.
KNOX COUNTY, TENN. — RLR Investments has sold the 113,000-square-foot R&L manufacturing facility to Dew Properties for an undisclosed amount. The property is located in Knox County's Forks of the River Industrial Park. Baker Realty Co. represented the seller.
STERLING, VA. — First Potomac Realty Trust has broken ground on a 56,900-square-foot flex building in the 495,000-square-foot Sterling Park Business Center off Route 28 in Sterling. MSI Worldwide Mail will occupy 24,200 square feet in the property, which is 43 percent pre-leased. Gaithersburg, Md.-based DVA Architects designed the project to sustainable standards.
LAKELAND, FLA. — DBM Associates has purchased a 72,206-square-foot manufacturing facility from Star East Corp. for $3 million. The 15-year-old property is located on 12 acres at 2655 Old Tampa Highway in Lakeland. Steinbauer Associates' Jim Steinbauer represented the buyer in the transaction. Colliers International's William Parke, Dee Seymour and Edward Miller represented the seller.
FORT WAYNE, IND. — Towne Investments has acquired a vacant 60,000-square-foot industrial property in Fort Wayne. Additionally, the company has inked a long-term lease for the entire building with Stonhard, a division of RPM International. The property is located in close proximity to the Fort Wayne International Airport along the Interstate 69 Corridor. Towne Investments plans to redevelop the property to accommodate the tenant’s needs. Steve Zacher of The Zacher Company represented the undisclosed seller in the transaction. The acquisition price was not released. Towne Investments is the trade name under which Zilber Ltd. markets its commercial investment portfolio.
HOUSTON — Overseas Trading Inc. has signed a 66,000-square-foot lease renewal with the Tuffli Cos. for warehouse space in Houston. The property is located at 1800 South St. NAI Houston's Brad Marnitz represented the tenant. B. Kelley Parker, III, John Littman and Coe Parker of Cushman & Wakefield of Texas represented the landlord.
BOSTON — Boston-based Eaglebridge Capital has arranged $7.45 million in construction and permanent financing for three new industrial buildings under construction in Massachusetts. The first project is the new 20,000-square-foot headquarters for Tool Technology, which is located within Riverview Industrial Park in Middleton. The second project is a 20,000-square-foot distribution facility located within Campanelli Business Park in Middleborough. The third project is a 31,000-square-foot distribution facility located within Westover Air Park in Chicopee. Eaglebridge’s Ted Sidel and Brian Sheehan arranged the loans through three different regional banks.
SUNNYVALE, CALIF. — Cassidy Turley BT Commercial has brokered the nearly $3.23 million acquisition of an R&D building in Sunnyvale. The single-story, freestanding facility is fully leased to a biotech company. Cassidy Turley’s Andy Bogardus represented the buyer in the transaction.
EAST SPENCER, N.C. — Boral Composites will develop a manufacturing facility in East Spencer adjacent to its existing brick manufacturing warehouse. The property, which will be designed to achieve LEED certification, will house 25 workers. At the site, Boral will produce a line of exterior building products made from recycled materials.
CARSON, CALIF. — Watson Land Co. has leased a 190,000-square-foot industrial property, located at 21750 Arnold Center Road within the Watson Corporate Center in Carson, to Huffy Corp. With the 4-year, $5.8 million lease, the large bicycle company has reserved its new West Coast distribution center, which includes 31 dock-high positions. Jones Lang LaSalle’s Barry Hill represented Huffy in the transaction; Watson was represented in-house by Lance Ryan and Mike Bodlovich.