PHOENIX — Sperry Van Ness has negotiated the $3.88 million acquisition of a 77,778-square-foot warehouse located at 824 E. University Road in Phoenix. Represented by Sperry Van Ness’ Adam Lopez, Majik Ventures & Zhongya Shaped Aluminum purchased the centrally located distribution facility from RGR Development Corp., which was represented by CB Richard Ellis’ Pat Feeney.
CHARLESTON, S.C. — Gildan ActiveWear has purchased the 850,000-square-foot Mikasa Distribution Facility from American Commercial for $20 million. The property is located on 81 acres of land at 1980 Clement Ferry Road in Charleston. Charlie Moore and F. Daniel Batten of Charleston-based NAI Batten & Moore brokered the sale with the help of Thomas Turner, James Belcher and Don Moss of Southampton, Penn.-based Hart Corporation.
COPPELL, TEXAS — Samsung Telecommunications America has signed a lease for 261,025 square feet of industrial space at Point West VII in Coppell. The company plans to use the space for light manufacturing and distribution of its cell phones. The facility will become its largest cell phone distribution facility in the United States. Dave Anderson and Pat O'Keefe of CB Richard Ellis represented Samsung in lease negotiations. The landlord, Duke Realty Corp., was represented in-house by Randy Wood. Point West VII is a 756,577-square-foot industrial building located at 240 Dividend Dr. in Coppell. It features 32-foot minimum clear ceiling heights, 50-foot by 50-foot column spacing, 60-foot staging bays and a 180-foot truck court. Samsung's lease brings it to 83 percent occupancy.
REDFORD, MICH. — Dalmay North America Automotive has acquired a 213,368-square-foot industrial property in Redford. Located at 24400 Plymouth Road, the property sold for $3.42 million. Gary Glotzhober and Raffi Derbabian of Colliers International represented the seller, NL Ventures V Plymouth, in the transaction.
NEWBURYPORT, MASS. — The Kane Company's Anthony Triglione has brokered the $850,000 sale of a 15,000-square-foot warehouse in Newburyport. The building, which is more than 20 years old, is located at 6 Mulliken Way. Northeast Quality Products formerly occupied the space, which will now be used as a storage facility for Strem Chemical.
LEVELLAND, TEXAS — The City of Levelland has broken ground for the construction of a new $8.6 million industrial rail park. The 300-acre development will include 18 lots ranging in size from 2 to 20 acres. All lots will have direct access to the rail line. Four tenants have already expressed interest in the park, including Project Gorilla, Independent Electric, Eco Blue and Tex-Rail Commodities. Completion is scheduled for 2010. The project is being funded by $3.3 million in federal stimulus funds, $1.5 million from the Levelland Economic Development Corp. and $3.8 million in local bonds.
LEXINGTON, KY. — The Fayette County Board of Education has purchased a 100,000-square-foot warehouse from a group of out-of-state owners for $2.62 million. The property is spread across 4.4 acres at 1126 Russell Cave Road in Lexington. RE/MAX Creative's Elizabeth Traugott and Rector-Hayden Realtors' Stan Napier represented the buyer. Bruce Isaac and Chad Voelkert of NAI Isaac Commercial Properties, along with Joel Schneider of Atlas Partners, represented the sellers.
OAKWOOD, OHIO — JGK Enterprises has acquired the former McStay Engineered Products facility, located at 7325 Fairoaks Road in Oakwood, for $400,000. The 14,465-square-foot facility features 6,000 square feet of office/showroom space and an 8,465-square-foot warehouse area. The buyer, which manufactures cut and shaped granite, plans to use the property for sales, a showroom and a fabricating warehouse. The facility is expected to open in the spring of 2010. Fred Herrera of CB Richard Ellis represented the buyer; W. Farley Helms and Brian Lenahan of Colliers Ostendorf-Morris represented the lender in the transaction.
SAN DIEGO — CB Richard Ellis has handled the Chang Family Trust’s $7.4 million purchase of a 45,496-square-foot industrial building located at 6640 Cobra Way in San Diego. Built in 1997, the Sorrento Mesa building will be the company headquarters of American Electronic Materials Inc., which is owned and operated by Chang Family Trust. CB Richard Ellis’ Dean Asaro represented the buyer, and Bill Cavanagh and Bryce Aberg of Grubb & Ellis/BRE Commercial represented the seller, Randall S. Koch.
MELBOURNE, FLA. — The Florida Institute of Technology and Melbourne International Airport are collaborating to build the Florida Tech Research Park on a 100-acre parcel, the beginning of a 20-year partnership between the institutions. The property will be located on NASA Boulevard in Melbourne's Airport Industrial Park. For future expansion, the airport has offered its 500 additional acres in the industrial development. The university's Applied Research Laboratory and the Emil Buehler Center for Aviation Training and Research will be among the development's tenants.