HOUSTON — The Houston office of Holliday Fenoglio Fowler (HFF) has brokered the acquisition of a nine-property self-storage portfolio in Texas. The portfolio contains five properties located in Houston, two in Dallas, and one each in Austin and San Antonio. All of the properties were built between 1994 and 1998. The portfolio totals more than 5,300 units and 551,609 square feet. Aaron Swerdlin and Doug McCarron of HFF represented the undisclosed seller. The buyer was Chicago-based Harrison Street Real Estate Capital. The purchase price was not disclosed but the portfolio listed for $71 million.
Industrial
GARLAND, TEXAS — Dallas-based Bradford Commercial Real Estate Services / CORFAC International has brokered the sale of a 15,000-square-foot flex building located at 11531 Chairman Dr. in Garland. Chris Stout of Bradford represented the buyer, Pinkerton Sales. Jerry Smith of Capital Property Advisors represented the seller, Steedly Sotsky. The acquisition price was not released.
BRISBANE, CALIF. — Williams-Sonoma Stores Inc. has renewed its two-building, 194,334-square-foot warehouse lease with property owner California State Teacher’s Retirement System in Brisbane. NAI BT Commercial’s Randy Keller and Marshall Hydorn represented the landlord in the transaction.
AUBURN, WASH. — GVA Kidder Mathews has brokered Ceva Freight LLC’s 107,200-square-foot industrial lease at 2402 R St. NW in Auburn. GVAKM’s Doug Klein and Matt Wood represented the lessee, and Diane Deaton of Deaton & Associates Inc. represented the lessor, L-W Auburn Co.
GURNEE, ILL. — Waukegan, Ill.-based Acacia Spice Co. has purchased a 25,069-square-foot manufacturing facility, which is located at 3940 Porett Dr. in Gurnee. Kalva Corp. sold the property for an undisclosed price. The spice company plans to relocate from its current 12,000-square-foot facility in Waukegan. Steve Sullivan of NAI Hiffman represented the buyer; Patrick Shannon of Darwin Realty represented the seller in the transaction.
CHICAGO — Meridian Design Build has completed a 31,093-square-foot renovation at 1419 W. Carroll Ave. in Chicago. The industrial property will house the Wicker Park Carrier Annex for the United States Post Office (USPS). The USPS recently leased the property from building owner CF III Carroll Building. The renovation included selective interior demolition and construction of new interior improvements, including a complete build out of partition walls and interior finishes and new HVAC throughout the entire space. Additional improvements included upgrades to the building electrical service, new locker rooms and construction of a fully enclosed interior loading dock area.
JERSEY CITY AND SECAUCUS, N.J. — Secaucus-based Hartz Mountain Industries has completed leases for two of its New Jersey properties for a total of 458,925 square feet. In the first transaction, Broadridge Financial Solutions signed a lease for a 320,282-square-foot office building located at Two Journal Square Plaza in Jersey City. The building is situated just above the Journal Square PATH terminal and is owned by a partnership between Panepinto Properties and Garden State Development. Michael Cohen and Colton Brown of FirstService Williams, along with David Pennetta of Oxford & Simpson Realty, advised Broadridge. In the second transaction, Meadowlands Distribution signed a lease for 138,643 square feet of industrial space at 35 Henry St. within Hartz's Harmon Cove Industrial Park in Secaucus. Andrew Stypa of Sitar Co. represented Meadowlands Distribution in lease negotiations. Hartz Mountain Industries provided in-house representation. Terms of both leases were not disclosed.
NEWFIELDS, N.H. — O'Neil Warehouse Co. has purchased a 115,000-square-foot warehouse located in Newfields at auction. The building is situated at 16 Swamscott St. O'Neil plans to use it as its new company headquarters. Peter Bilipp of Portsmouth, N.H.-based The Kane Company brokered the transaction on behalf of O'Neil. The acquisition price was not disclosed.
BREA, CALIF. — Cabinet-hardware distributor Louis and Co. has signed a 5-year lease renewal for 115,000 square feet of office/industrial space at 895 Columbia St. in Brea. CB Richard Ellis’ Ben Seybold, Mark Latimer and Sean Ward represented the tenant in the transaction.
MEMPHIS, TENN. — Monmouth Real Estate Investment Corp. has purchased a 450,000-square-foot warehouse from Harbin Enterprises for $14.6 million. The property, located at 5025 Tuggle Rd. in Memphis, is triple-net-leased to FedEx Supply Chain Services, a tenant in the building since 2005. Darren Sides of Porthaven Partners represented Monmouth in the transaction.