DALLAS — Argent Property Co. has sold its newly completed 82,130-square-foot Rexel Worldwide warehouse to a private party for an undisclosed amount. The property, which will be fully occupied by Rexel, is located at the intersection of Frankford Road and Commodore Drive in Dallas' Frankford Trade Center. Joe Garrett and Tom Pearson of Colliers International brokered the sale.
WHITE MARSH, MD. — CDS Logistics Management has signed a 110,000-square-foot lease with First Industrial Realty Trust for warehouse space in the 1,100-acre Baltimore Crossroads@95 business community. The space is located in a 300,000-square-foot building in the park, which is situated off the MD Route 43 extension in White Marsh. The tenant will move in May 1. NAI KLNB's Bill Miller represented CDS. CB Richard Ellis' Bill Pellington represented the landlord.
DETROIT — Farmington Hills, Mich.-based Burger Easton & Co. has brokered the sale of an industrial property in Detroit. Located at 8650 Mt. Elliott, the 317,000-square-foot building was listed for $2.75 million. David Wax of Burger Easton & Co. represented the buyer, Detroit Mt. Elliott Real Estate LLC, and the seller, 8560 Mt. Elliott Partnership, in the transaction. Additional terms of the sale were not disclosed.
DAYTON, OHIO — GE Aviation, an operating unit of GE, is planning to develop Electrical Power Integrated Systems Research and Development Center (EPISCENTER) near Dayton. The $51 million center will focus on several markets, including on- and off-highway hybrid and electric vehicles, and additional electric aircraft and marine applications. The Ohio Third Frontier Commission is providing a capital grant of up to $7.6 million for EPISCENTER. GE expects the center to be operational in 2012. Details of the project have not been released.
MARLBOROUGH, CONN. — Colliers Dow & Condon has brokered the sale of an 8,000-square-foot industrial building in Marlborough for $550,000. North Windham, Conn.-based United Abrasives will occupy the building, which is located at 359 N. Main St. The seller was Sarasota, Fla.-based Haug Development. Richard Abo of Colliers arranged the deal.
DALLAS — Synnex Corp. has signed a lease expansion and renewal totaling 80,000 square feet with an undisclosed landlord. The industrial property is located at 660 N. Dorothy Drive in Dallas. CB Richard Ellis Realty Trust brokered the 5-year lease.
ELIZABETH, N.J. — Atlanta-based IDI has signed third-party logistics provider Exel Inc. to a 130,205-square-foot lease at its NorthPoint Distribution Center, located at 699 Kapkowski Road in Elizabeth. The tenant will take occupancy in the summer and will share the building with Shipco, which will occupy 212,500 square feet beginning this month. Frank Petkunas provided in-house representation for IDI, with assistance from Paul Torosian and Nate Demetsky of Cushman & Wakefield. Frank Caccavo, also of Cushman & Wakefield, represented Exel.
WILLOWBROOK, ILL. — AVA Inc. has purchased a 20,385-square-foot industrial property in Willowbrook. Located at 7051 S. Adams St., the facility features two exterior docks, one drive-in door, 20-foot clear ceiling heights and parking for 36 vehicles. Kip Hennelly of CB Richard Ellis represented the buyer; Bill Waliewski of Westmont, Ill.-based Morgan Realty Partners represented the seller, 8-0 Real Estate LLC, in the transaction. Terms of the transaction were not disclosed.
GRAND PRAIRIE, TEXAS — Lyon Workspace Products has leased 67,000 square feet of warehouse space from CWTX 360 I CC 89. The property is located at 2725 State Highway 360 in Grand Prairie. Ryan Keiser of CB Richard Ellis represented the tenant. The firm's Steve Koldyke and John Brewer represented the landlord.
PHOENIX –– Cushman & Wakefield has negotiated philosophy Inc.’s nearly 217,000-square-foot industrial lease at Buckeye Logistics Center located at 6913 West Buckeye Rd. in Phoenix. Terms of the deal were not disclosed. Constructed by The Alter Group in 2008, Buckeye Logistics Center consists of two buildings totaling 684,235 square feet. Cushman & Wakefield’s Pat Harlan represented the tenant in the long-term transaction, and the brokerage firm’s Steve Sayre, Darren Tappen and Kyle Westfall represented the landlord, Principal Global Investors. The Phoenix-based skincare and beauty company will relocate from a 100,000-square-foot facility in Chandler.
