BREINIGSVILLE AND LOWER NAZARETH, PA. — Griffin Land & Nurseries has entered into agreements to acquire two industrial properties located in Pennsylvania for approximately $8.2 million. The first property is a 120,000-square-foot building located in Breinigsville. The second property is a 51-acre land parcel zoned for industrial development that is located in Lower Nazareth. The industrial building was built in 2007 and is fully leased to a single tenant for the next 6.5 years. The land parcel is expected to support the development of two industrial buildings totaling approximately 530,000 square feet. Griffin submitted separate winning bids for the properties at a bankruptcy auction, but the transactions are subject to necessary approvals.
CARROLLTON, TEXAS — Dallas-based Bradford Commercial Real Estate Services/CORFAC International has brokered a 16,002-square-foot office/warehouse lease renewal in Carrollton. Nevill Business Machines occupies the flex space, which is located within Belt Line Place at 1301-05 W. Belt Line Road. Brian Pafford of Bradford represented the landlord, Aquiport DFWIP, in lease negotiations. David Little Real Estate represented the tenant.
KAPOLEI, HAWAII — Colliers International’s Honolulu and downtown Los Angeles offices teamed up to negotiate the $19.2 million sale of 91-315 Hanua Street in Kapolei. The 189,000-square-foot property is the largest, single-tenant, cold/freezer food distribution facility in the Aloha State. Tower Plaza Associates LP, a private investor represented by Colliers’ Fred Cordova, Mark Bratton and Scott Mitchell, sold the property to KDI Investments Inc., which was unrepresented.
ORLANDO, FLA. — Ace World Wide Moving & Storage Co. has signed a lease renewal for 52,590 square feet with CRP-2 Crossroads. The warehouse space is located at 1125 Gills Dr. Suite 400 and 1075 Gills Dr. Suite 500 in Orlando’s Crossroads Business Park. Robert Blackwell, Sean DuPree and Jim Murr of NAI Realvest represented the tenant. Colliers Arnold’s Matt Sullivan and Wilson McDowell represented the landlord.
AUBURN HILLS, MICH. — SSI Investments has purchased 49,050 square feet of industrial space at 1972 Brown in Auburn Hills. LDV Properties sold the property for an undisclosed price. John Boyd of Signature Associates represented the buyer in the transaction.
LENEXA, KAN. — Tri-State Distribution has leased 18,219 square feet of industrial space at 8430 Flint in Lenexa for an undisclosed price. Douglas Hedrick of Grubb & Ellis|The Winbury Group represented the tenant; Phillip Algrim and Eric Lund of NAI Capital Realty represented the landlord, RREEF American REIT, in the transaction.
BOSTON — DPI Mid Atlantic has signed a lease for 102,000 square feet of warehouse space at 135 Will Drive in Boston's South submarket. The property features rail access, up to 30-foot clear ceiling heights and can accommodate tenants from 100,000 to 406,000 square feet. Robert Gibson and Edward Jarosz of CB Richard Ellis represented DPI in lease negotiations. The landlord, JF&S Realty, was represented by J.P. Plunkett, J.R. McDonald and Ned Havern of Cushman & Wakefield of Massachusetts.
DALLAS — TIG Real Estate Services has arranged two leases for office/warehouse space in Dallas. TIG's Jerod Hangartner and Tom Smolik represented the landlord, Anthony Interrante, in a lease for 26,291 square feet of office/warehouse space at 8925 Premier Row. Mercer Company represented the tenant, Tom Addis Productions. TIG also negotiated a lease for 20,011 square feet of office/warehouse space at 11460 Hillguard Rd. to tenant Eco Freash USA. TIG's Michael Grant and Ryan Wolcott represented the landlord, RREEF.
MIAMI — Herndon, Va.-based Cambridge Development Group will break ground on a $47 million regional testing laboratory for the Drug Enforcement Agency in February. The Government Services Administration has signed a 20-year lease for the property, which will be located in the Beacon Lakes Business Park in Miami. DEA South Fl., a joint venture between Galaxy Investments and Halle Enterprises, has already purchased 9 acres of land for the development. Gary McGlynn of NorthMarq Capital arranged construction financing for the project through M&T Bank. Construction is expected to take 15 months.
BALTIMORE — Computer Donation Management has signed a 100,700-square-foot warehouse lease with 500 North Point Associates in Baltimore. The company will move into the property, which is located at 500 N. Point Boulevard, in January. Cushman & Wakefield’s Bob Millhauser and Tim Jackson represented the tenant. Justin Mohler of CB Richard Ellis represented the landlord.