FREMONT, CALIF. — Silicon Valley investors Asilomar Partners have purchased a three-building, 195,000-square-foot research and development campus from UBS Realty, an institutional commercial real estate owner, for an undisclosed amount. Located at 49000 Milmont Drive in Fremont, the property had been marketed for more than 4 years, most recently as a residential redevelopment site. However, in the short term, Asilomar plans to keep it as an office/R&D project and will divide the buildings down to roughly 12,000 square feet. Mike Webber of GVA Kidder Mathews represented Asilomar in the transaction.
Industrial
HUBBARD, ORE. — Marcus & Millichap Real Estate Investment Services has brokered the sale of a 14,578-square-foot industrial property in Hubbard. Located at 2363 Industrial Ave., the asset commanded a sales price of $1.05 million. Michael Kapnick and Ryan O'Leary of Marcus & Millichap’s Portland office handled the transaction.
MIAMI — Flagler Real Estate Services, the brokerage arm of Flagler, has closed the sale of 26,000 square feet of industrial warehouse space at 15855 NW 13th Ave. in Miami on behalf of Elan International. Elan International plans to occupy the space in October, following the completion of several upgrades, and the location will also serve as Elan's new corporate headquarters. Stuart Gordon and Chris Sutton of Flagler Real Estate represented the buyer, Senaya Holdings, an affiliate of Elan International. Viktoria Telek of Comreal represented the seller, Norman Shapiro, former owner of Sunshine Kitchens, which originally occupied the space.
PERRYSBURG, OHIO — Signature Associates has brokered the sale of 24,725 square feet of industrial space at 3273 Genoa Rd. in Perrysburg. Marygrove Awnings acquired the property for an undisclosed price from Wilcox Awning & Sign/Toledo Tarp. Ken Marciniak and Craig Herschel of Signature Associates represented the seller in the deal.
BENSENVILLE, ILL. — Bestway Transport has signed a lease for 80,360 square feet of warehouse space at 1260 Ellis St. within O’Hare Logistics Center in Bensenville. The value of the transaction was not disclosed. Chris Nelson and John Sharpe of Lee & Associates of Illinois represented the owner, RREEF; Nelson also represented the tenant in the transaction.
MADISON HEIGHTS, MICH. — Design Fabrications has leased 78,013 square feet of industrial space at 1100 E. Mandoline in Madison Heights for an undisclosed price. Paul Hoge and Kris Pawlowski of Signature Associates represented the landlord, First Industrial Realty Trust, in the transaction.
HOUSTON — NAI Houston has arranged the lease of a 29,032-square-foot industrial building located at 117 N. Palmer St. in Houston. Travis Land and Michael Keegan of NAI Houston represented the tenant, Massey Industries, in lease negotiations. Barrett Gibson of Gibson & Granello Realty Partners represented the landlord, 117 Palmer, Ltd. Terms of the lease were not disclosed.
JOLIET, ILL. — Long Beach, Calif.-based California Cartage Co. has signed a lease for 374,460 square feet of industrial space at 251 Laraway Rd. within Laraway Crossings Business Park in Joliet. The transportation and logistics firm is relocating and expanding from its current location in Elwood, Ill. The building features 30-foot clear ceiling heights, 40 exterior truck docks, parking for 155 cars and 81 trailers, an ESFR sprinkler system, 98,000 square feet of air-conditioned space and T5 lighting. Mike Brown of e-realty represented California Cartage; Steve Connolly and Eric Tresslar of NAI Hiffman represented the landlord/developer, Ryan Cos., in the lease transaction.
CHICAGO — Paine/Wetzel • ONCOR International has completed two industrial leases in Chicago. Cream Wine Co. has leased 12,500 square feet of space at 2455 S. Damen Ave. in Chicago. The 110,000-square-foot facility features access to Interstate 55, proximity to downtown Chicago, 30-foot clear ceiling heights and an ESFR sprinkler system. Edward Wabick, Michael Nelson and Mark Nelson of Paine/Wetzel • ONCOR International represented the undisclosed landlord; Paul Broderick and Brad Borkowski of HSA Commercial represented the tenant. Additionally, Enterprise Leasing Co. inked a deal for 8,435 square feet of space at 1224 S. Western Ave. in Chicago. Paine/Wetzel’s Albert Schulman and Mark Nelson represented the landlord, N&A Investments; the tenant had in-house representation.
HOUSTON — CB Richard Ellis (CBRE) has brokered two Houston industrial leases totaling 88,229 square feet. In the first transaction, Ram Tool & Supply Co. has signed a lease for 61,229 square feet of warehouse and distribution space at Southport Business Park, which is located on South Loop. CBRE's John Simons represented Ram. John Kruse of Holt Lunsford represented the undisclosed landlord. In the second transaction, Terrapin Tire has renewed its lease for 27,000 square feet of warehouse space at Interpark Rankin Business Park, which is located at 1922 Rankin Rd. CBRE's Patrick Rollings represented the tenant. Tommy Brummett of Brummett & CO. represented the landlord, 1029 Interpark Rankin Associates, Ltd.