CERRITOS, CALIF. — Voit Real Estate Services has brokered Bixby Land Co.’s $6.95 million sale of a 100,000-square-foot industrial building located at 17211 Valley View Ave. in Cerritos. United Exchange Corporation, an import/export firm, purchased the property. Cameron Driscoll and Luke McDaniel of Voit, a member of CORFAC International, represented the seller in the transaction, and the buyer was represented by Daum Commercial Real Estate Services.
NEW CASTLE, DEL. — Discount retailer Five Below has expanded its operations at Twin Spans Business Park. The tenant will go from occupying 214,000 square feet of 250 Anchor Mill Road to occupying the entire 421,000-square-foot flex industrial building. Five Below will move into the expanded space in March. Harvey, Hanna & Associates represented the undisclosed landlord in lease negotiations.
CARROLLTON, TEXAS — Monmouth Real Estate Investment Corp. has acquired a 184,317-square-foot industrial property located within Valwood Industrial Park in Carrollton for approximately $17.9 million. The building is situated at 2000 Luna Road and is occupied by Carrier Enterprises through 2019. It was constructed in 2009. Darren Sides of Porthaven Partners represented Monmouth in the transaction. The seller's name was not disclosed.
GOODYEAR, ARIZ. — Suntech Arizona LLC and its parent company Suntech Power Holdings Co. have selected a Phoenix area site for its first U.S. solar plant. In a transaction negotiated by CORFAC International’s Anton Qiu (TRI Commercial in San Francisco) and Andrew Jaffe (Commercial Property Inc. in Tempe, Ariz.), Suntech selected 3801 South Cotton Lane in Goodyear, a property owned by Duke Realty, for its new 118,000-square-foot headquarters and manufacturing plant. Suntech Arizona plans to occupy the facility around July 1 after a major tenant-improvement project.
SANTA ANA, CALIF. — Lee & Associates has arranged the $1.5 million purchase of a 14,784-square-foot industrial building located at 2614 Rousselle St. in Santa Ana. Greg Diab and Jack Haley of Lee & Associates – Orange Inc. represented the undisclosed buyer in the transaction, and Steve Eberle of the Eberle Company represented the seller, Kuntz Real Estate Trust.
CHICAGO — Summit Design + Build has completed the renovation of Gourmet Kitchens Inc.’s (GKi) existing 70,000-square-foot food production facility, which is located at 4300 S. Morgan in Chicago. The project included upgrading the building’s lobby, the employee cafeteria and a 25,000-square-foot production area. GKi also has plans to expand within its current facility. Chicago-based Archideas provided architectural services for the project.
MONROE, OHIO — IDI has leased 501,357 square feet of industrial space at Monroe Logistics Center to Hayneedle, an internet retailer with 220 specialty stores. The company will occupy Building A at 1001 Logistics Way in Monroe. Hayneedle plans to use the space for direct-to-customer distribution. Doug Armbruster provided in-house representation for IDI; Bob Bunton and David Maener of CB Richard Ellis represented the tenant. Terms of the lease were not disclosed.
BILLERICA, MASS. — CB Richard Ellis / New England (CBRE) has arranged a 216,780-square-foot industrial lease in Billerica. Pet supplies wholesaler PetEdge will occupy the space, located within a 612,685-square-foot warehouse at 90 Salem Road. PetEdge will use the space as the primary distribution center for the company. The CBRE team of David Corkery and Mark Reardon represented the landlord, ING Clarion Partners. Greg Klemmer and Tim Brodigan of Winchester, Mass.-based Klemmer Associates represented PetEdge. This most recent lease brings occupancy in the building to 85 percent.
ROSENBERG, TEXAS — Stan Johnson Co. has brokered the sale of a recently built, 69,175-square-foot industrial building located in Rosenberg. Situated at 3800 Block Reese Road, the building is fully occupied by National Oilwell DHT. Jim Gibson of Stan Johnson Co. represented the seller, a Colorado-based retail developer. The buyer is a private investor. The acquisition price was not disclosed, but the property listed for $12.7 million.
JACKSONVILLE, FLA. — Grubb and Ellis|Phoenix Realty Group has represented two parties in the lease of a combined 100,000 square feet of industrial space in Jacksonville. The firm's J.R. Richardson, Bryan Bartlett and Dan Stover represented the landlord, Exeter Property Group, in its lease of 50,539 square feet to an undisclosed party. The property is located at 5515 W. 5th St. Studley's Steve Bates represented the tenant. Bobby Gatling of Phoenix represented Eagle Moving and Storage in a 50,000 square foot lease from an undisclosed landlord. The property is located at 2003 N. Ellis Road. Patrick Thornton and Christian Harden of Hallmark Partners represented the landlord.