ONTARIO, CALIF. — BlackRidge Real Estate Group LLC has acquired a 302,020-square-foot distribution center, located at 1000 Etiwanda Ave. in Ontario, from BIT Holdings Forty-Three for $14.4 million. Constructed in 1989 and 100 percent leased to DCG Fulfillment, the steel-frame, concrete tilt-up distribution building includes 6,900 square feet of office space. CB Richard Ellis’ Frank Geraci, Jerry Nourse and Walt Chenoweth represented the seller in the transaction.
ANAHEIM, CALIF. — Lee & Associates has negotiated the $7.4 million purchase of a 57,593-square-foot warehouse facility located at 3400 E. Miraloma Ave. in Anaheim. The brokerage firm’s Dennis Keane and Adam Dzierzynski represented the buyer, HSJQ USA, in the transaction, and CB Richard Ellis’ Brad Bierbaum and Ian Britton represented the seller, the Sares-Regis Group, which developed the LEED-certified Canyon Point project with the strategic plan to sell to a user.
FOUR OAKS, N.C. — Becton, Dickinson and Company (BD), a global medical technology company, is planning to develop an East Coast distribution center in Four Oaks. Situated on 130 acres within Four Oaks Business Park, the 720,000-square-foot facility will be expandable to more than 1.1 million square feet. Construction of the $38 million project is scheduled for completion in mid-2011, with the facility slated to receive product by late 2011. The facility will serve BD customers from Maine to Florida.
BYRON CENTER, MICH. — Claymore Solutions LLC has purchased an industrial property, which is located at 8505 Piedmont Industrial Parkway SW in Byron Center. The 23,668-square-foot property sold for an undisclosed price. Chad Versluis of NAI West Michigan represented the buyer; Versluis and David Smies, also of NAI West Michigan, represented the seller, Huntington Bank, in the transaction.
CHICAGO — RED Belmont has purchased a two-building industrial property at 2710-18 W. Belmont in Chicago. Republic Bank sold the 7,800-square-foot property, which is situated on a 12,000-square-foot site. Megan Meyer of Chicago Industrial Real Estate represented the buyer; James Hodur of Coldwell Banker Commercial represented the seller in the transaction. The sales price was not released.
KANSAS CITY, KAN. — Youngstown, Ohio-based Comprehensive Logistics, a third-party logistics provider, has signed a lease for 220,000 square feet of industrial space at 5300 Kansas Ave. within Kansas City's Turner Industrial District. The tenant plans to use the facility to receive international parts and sort the parts for distribution to the nearby General Motors Corp. Fairfax Assembly Plant. With this transaction, the 513,000-square-foot property is 100 percent leased to a variety of tenants, including Wainwright Inc. and Ozburn-Hessey Logistics. Howard Moss of Omni Consulting Group and Jack Allen of Karbank Real Estate Co. represented the tenant; Mark Long and John Green of Zimmer Real Estate Services, along with Bill Hardy of BH Properties, represented the landlord, BH Properties.
SOUTH BRUNSWICK, N.J. — San Francisco-based Terreno Realty Corp. has acquired a 413,092-square-foot distribution center in South Brunswick from a joint venture between IDI and J.P. Morgan Asset Management for $22.5 million. Located at 130 Interstate Blvd., the property is leased to The Home Depot. It features 200 car parking spaces, 28-foot ceiling heights and 13,000 square feet of office space. The building is situated on 25.33 acres within Middlesex Center, a five-building, 3.65 million-square-foot master-planned development. The Cushman & Wakefield team of Gary Gabriel, Paul Torosian, Andrew Merin and David Bernhaut represented the seller.
GARLAND AND FARMERS BRANCH — The Dallas office of Duke Realty Corp. has secured renewal leases with DAP Products, a marketer of caulks, sealants and adhesives, and Balcones Recycling, a company that converts waste products into resources. DAP Products, represented by Cash McWhorter and Larry Kell of Colliers International, has renewed for 130,900 square feet in Duke's International II, a 283,600-square-foot warehouse/distribution center in Garland. Meanwhile, Balcones Recycling, represented by Blake Rendrick and Will Nichols of Stream Realty Partners, has renewed for 96,400 square feet in Duke's Two Valwood Park, a 126,800-square-foot industrial facility in Farmers Branch. Randy Wood and Curt Hefner represented Duke in the lease transactions.
IRWINDALE, CALIF. — Seventh Street Development has broken ground on a new $40 million corporate headquarters/manufacturing/warehouse facility for Huy Fong Foods. The maker of Sriracha Hot Chili Sauce will consolidate its operations into the new 655,000-square-foot development, located within L.A. County at Azusa Canyon Road and Cypress Street in Irwindale, when it is completed in fall 2011. The California Mission-style building will consist of 26,000 square feet of office space, 150,000 square feet of manufacturing space and 480,000 square feet of warehouse space. Long Beach, Calif.-based Seventh Street, the development manager, is joined by general contractor KPRS Construction Services and RKZ Architects on the build-to-suit project.
TUCSON, ARIZ. — Dover Engineering Systems, dba Sargent Controls & Aerospace, has purchased an 18,800-square-foot industrial facility, located at 5600 West Coca Cola Place in Tucson, from DS Waters of America for $1.84 million. PICOR Commercial Real Estate Services’ Steve Cohen represented the buyer in the transaction, and CB Richard Ellis’ Bruce Suppes represented the seller.