Industrial

TIG BROKERS LEASE FOR 419,626-SQUARE-FOOT INDUSTRIAL BUILDING

by admin March 10, 2009

DALLAS — Dallas-based TIG Real Estate Services has brokered a long-term lease for a 419,626-square-foot industrial building located at 8901 Forney Rd. in Dallas. The building features 28-foot clear ceiling heights, rail access and dock-high loading. It is located within the approximately 200-acre Eastpoint Business Park. TIG’s Tom Smolik and Michael Grant represented the landlord, Easpoint Business Center. The tenant, Shippers Warehouse, was represented by Al Leon and Trip Leon of Leon Brothers Real Estate. Shippers Warehouse will use the facility as its headquarters.

March 10, 2009

PAINE/WETZEL ARRANGES 89,000-SQUARE-FOOT INDUSTRIAL SALE

by admin March 9, 2009

GURNEE, ILL. — Chicago-based Paine/Wetzel•ONCOR International has arranged three commercial buildings sales across the Chicagoland. In Gurnee, Whit Heitman and Samuel Badger Jr. of Paine/Wetzel represented Levy Organization in the disposition of a 76,000-square-foot industrial building located at 4012 Morrison Dr. Midwest Exchange, which is a recycling firm, acquired the property in order to relocate from its prior headquarters in Franklin Park, Ill. Jason Lev of CB Richard Ellis represented Midwest Exchange in the transaction. Paine/Wetzel’s Theresa Gleason has represented both buyer and seller in the sale of an 8,001-square-foot office building located at 221 Lively Blvd. in Elk Grove Village. Benchmark Imaging & Display acquired the facility from an undisclosed seller. Also in Elk Grove Village, Gleason negotiated the sale of a 5,000-square-foot office building at 125 Randall Rd. on behalf of the seller, LSS Limited Partnership, and the buyer, Dyros Electric.

March 9, 2009

Industrial Texas

CBRE ARRANGES 98,850-SQUARE-FOOT INDUSTRIAL BUILD-TO-SUIT

by admin March 9, 2009

HOUSTON — The Houston office of CB Richard Ellis (CBRE) has brokered a build-to-suit lease agreement in Houston. A.E.N. Farrell LP dba TNRG has agreed to construct an approximately 98,850-square-foot flex warehouse facility at the northwest corner of Aldone Westfield and Farrell roads for Chicago-based LKW Best Automotive Corp. CBRE’s Bill Rudolf represented the tenant; Steve Adkisson and Jim Nelson of TNRG provided in-house representation for the landlord. The construction timetable was not released.

March 9, 2009

Industrial Texas

TRANSWESTERN LEASES 65,371 SQUARE FEET AT PARK 288

by admin March 9, 2009

HOUSTON — Houston-based Transwestern has leased 65,371 square feet of industrial space at Park 288 in Houston. Sharps Compliance Corp. will occupy 65,371 square feet of industrial space at the center, a two-phase, 567,675-square-foot industrial complex located at the intersection of Reed Road and Highway 288. Phase I of Park 288, which was developed by Transwestern, comprises three warehouse/office buildings that total 268,425 square feet. Transwestern is currently marketing land for the second phase of construction. Park 288 totals approximately 50 acres.

March 9, 2009

Industrial Southeast

390,180-SQUARE-FOOT WAREHOUSE COMPLETE

by admin March 6, 2009

CHARLESTON, S.C. — Indianapolis-based Lauth has completed construction of the 390,180-square-foot North Pointe Building Four in Charleston’s North Pointe Industrial Park. The Class A warehouse is located 4 miles from the Port of Charleston and 5 miles from Interstate 26. Building amenities include 32-foot ceilings and 100 dock doors. North Pointe Four is the first of two new warehouses under construction in the park.

March 6, 2009

Industrial Midwest

GEMSTONE COMPLETES $2.25 MILLION INDUSTRIAL SALE

by admin March 6, 2009

ELK GROVE VILLAGE, ILL. — Gemstone Real Estate Partners has completed the sale of a 36,664-square-foot industrial building located at 1225 Greenleaf Ave. in Elk Grove Village. Magnetic Inspection Laboratory Inc acquired the building for approximately $2.25 million in order to accommodate its growth. The facility is part of a two-building industrial complex that Gemstone purchased in September of last year; the second building, 1331 Greenleaf Avenue, remains available for sale or lease. Matthew Stauber, Thomas Rodeno and Jonathan Kohn of Colliers Bennett & Kahnweiler represented Gemstone in the disposition. The buyer was represented by Michael Hawryluk and Britt Casey of Cushman & Wakefield of Illinois.

March 6, 2009

Industrial Texas

78,000-SQUARE-FOOT WAREHOUSE PURCHASED

by admin March 6, 2009

MANSFIELD, TEXAS — Evansville, Ind.-based Brake Supply Co. has acquired a 78,000-square-foot warehouse located in Mansfield. The facility, which is situated on 8.5 acres within the 1187 Business Park at 2115 FM 1187, will be used by the company as a new operations and distributions facility for the Dallas/Fort Worth Metroplex. Brake Supply Co. was represented by Jim Hazard and Todd Hawpe of Dallas-based Henry S. Miller Brokerage. The seller, California-based Robhanna & Waltco, was represented by Jeff Givens and Amy Baker of Fort Worth-based NAI Huff Partners. The property is part of a larger parcel that was divided for the sale. A 64,170-square-foot building and 13.86 acres of land still remain for sale.

March 6, 2009

Industrial Western

TWO CALIFORNIA WAREHOUSES SOLD FOR $5.8 MILLION

by admin March 6, 2009

BREA AND FULLERTON, CALIF. — Voit Commercial Brokerage has brokered two industrial transactions in Orange County worth $5.8 million. Albany Synergistics has purchased a 32,559-square-foot industrial property, located at 615 and 655 Berry St. in Brea, from North Anaheim Associates for $4.5 million. Voit’s Mike Hefner represented Orange, Calif.-based Albany Synergistics, and Voit’s Mitch Zehner and Louis Tomaselli represented the seller. Zehner and Tomaselli also represented both parties in GLI Kimberly’s sale of a 7,247-square-foot warehouse to Fullerton Development for $1.3 million. The property is located at 1556 Kimberly Ave., Unit 16, in Fullerton.

March 6, 2009

Industrial Western

SARA LEE SIGNS INDUSTRIAL LEASE

by admin March 6, 2009

TUCSON, ARIZ. — Sara Lee has signed a 32,932-square-foot warehouse lease with EastGroup Properties. Terms of the lease were not released. The property is located at 3925 N. Benan Venture Dr. in Tucson. R.A. Herrington of Colliers Turley Martin Tucker’s St. Louis office represented Sara Lee, and Rob Glaser of Tucson-based PICOR Commercial Real Estate Services represented the landlord.

March 6, 2009

Industrial Southeast

AUTO PARTS FIRM SIGNS 72,558-SQUARE-FOOT LEASE IN VIRGINIA

by admin March 5, 2009

CHESAPEAKE, VA. — Carson, Calif.-based US Auto Parts Network has signed a 72,558-square-foot lease for space in the Indian River Distribution Center in Chesapeake. The property will serve as US’s East Coast distribution center. H. Ashton Williamson and R. Worth Remick of CB Richard Ellis’ Hampton Roads, Va., office and Peter Andrich of the company’s Newport Beach, Calif., office represented US.

March 5, 2009

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