VICTORVILLE, CALIF. — Stirling Capital Investments has finished construction on the 1 million-square-foot Distribution Centre 1 at the Southern California Logistics Centre, a LEED-certified building that is part of the center’s initial phase. Spread across 300 acres in Victorville, phase one of the center calls for 6.5 million square feet of industrial space. Two million square feet of space has been built. The newly completed warehouse boasts 32-foot clear height, 179 dock doors and ESFR sprinklers. Green features include reduced-flow fixtures and energy-efficient HVAC and lighting systems.
Industrial
INDIANAPOLIS — Coldwell Banker Commercial Realty Services (CBC) has brokered the sale of a 20,000-square-foot industrial building, located in Indianapolis. The facility is situated on 3.31 acres at 3910 Industrial Blvd. CBC’s Eric Huber represented the buyer, RCS Holdings. The seller was Guardian Properties of Fort Wayne LLC.
ANAHEIM, CALIF. — Birtcher Development & Investments has formed a joint venture with Cornerstone Real Estate Advisors LLC to acquire a 21.6-acre land parcel for the development of Northgate Gonzalez Market Support Center. Located at 1201 North Magnolia Ave. in Anaheim, the 375,000-square-foot warehouse and distribution center will be fully occupied by Northgate Gonzalez Market. The project, which features Spanish-influenced architecture, is striving for LEED certification. Construction is slated to begin in fourth quarter 2009 with completion expected in 2010.
CHESTERFIELD COUNTY, VA. — R.E. Michel Co. has purchased a 20,462-square-foot warehouse in Chesterfield County from K.B. Properties for $1.62 million. The property, located at 601 Johnston Willis Dr., will house R.E. Michel’s distribution operations. Gregg W. Beck of Thalhimer’s Richmond, Va., office brokered the sale.
CALEXICO, CALIF. — Phase 3 Properties has completed the development of a 124,800-square-foot industrial warehouse building, which is located at the corner of Pan American Street and Rood Road within the 78-acre Maggio Industrial Center in Calexico. The building features dock-high and grade-level doors with approximately 26- to 28-foot clear ceiling heights and secure truck parking. When complete, the three-phase project will encompass 298,260 square feet of industrial space. C.W. Driver served as general contractor; Smith Consulting Architects provided architectural services for the project.
HAMPTON, VA. — Lumber Liquidators has signed a 100,000-square-foot lease expansion and renewal with an undisclosed landlord for space in a Hampton warehouse. The property is located at 300 W. Park Lane. Michael Shapiro of GVA Advantis’ Newport News, Va., office represented Lumber Liquidators in the transaction, and Clay Culbreth and Stephanie Sanker of the firm’s Norfolk, Va., office represented the landlord.
TAMPA, FLA. — The auto parts distributor Unique Industry Corp. has signed a lease renewal with Duke Realty for 35,540 square feet in its Fairfield IV warehouse in the Fairfield Distribution Center. The nine-building, 999,142-square-foot center is located on Elm Fair Boulevard in Tampa. Unique has resided in the property since November 2003. UGL Equis’ Todd Brandon represented the tenants, and Tim Hain served as in-house representation for Duke Realty.
BELLEFONTAINE, OHIO — Sidney, Ohio-based Industrial Property Brokers has arranged the purchase of the former Stock Lumber facility, located at 1100 S. Detroit St. in Bellefontaine. The 4.5-acre property contains an approximately 27,000-square-foot main building, as well as a 14,000-square-foot storage building. It was acquired by the Logan County Solid Waste Management District, which plans to relocate its offices to the facility. In addition, the site will be used as a central processing location for the county’s 20 recycling centers. The new facility is expected to double the county’s ability to process recyclable waste. The acquisition price was not disclosed.
DENVER — Denver-based ProLogis has closed on a $137.5 million, 5-year secured financing loan for ProLogis California Fund. The loan has a loan-to-value of approximately 50 percent with 21 industrial properties located in the Los Angeles Basin and Inland Empire. An undisclosed major life insurance company provided the financing.
CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has brokered three Chicago industrial transactions. First, Soto Insulations acquired a 13,77-square-foot building located at 4323 S. Western Blvd. The building features undercover trucks floors, three drive-in doors, 14-foot clear ceiling heights and 750 square feet of office space. Paine/Wetzel’s Albert Schulman and Michael Nelson represented the seller, 4321-4323 S. Western Blvd. LLC. Daniel Crow of Darwin Realty & Development represented the buyer. Sumit Construction acquired an 11,000-square-foot building located on 2.33 acres at 4150 W. Wrightwood Ave. The building, formerly an emissions testing facility, features drive-through capability, 18-foot clear ceiling heights and 10 overhead doors. Paine/Wetzel’s Rodger Chenore, Terence Lynch and Jeffrey Girling represented the buyer. The seller, Envirotest, was represented by David Troha of NAI Hiffman. Finally, Tri-angle Fabrication purchased a 9,050 building situated on 2 acres at 1344 W. 43rd St. The building features eight drive-in doors and 18-foot clear ceiling heights. Chenore, Lynch and Girling represented the buyer.