CORAL SPRINGS, FLA. — Pompano Beach, Fla.-based Coral VUTEC Properties has purchased the 106,599-square-foot AMB Coral Distribution Center from AMB Fund III, Mosaic, for $5.25 million. The Class A property is located on 8.9 acres at 11711 W. Sample Rd. in Coral Springs. Harry Tangalakis and Tom O’Loughlin of CB Richard Ellis’ Fort Lauderdale, Fla., office represented the buyer. Steve Wasserman and David Wigoda of Colliers Abood Wood-Fay’s Fort Lauderdale office represented the seller.
WATAUGA, TEXAS — Fort Worth, Texas-based NAI Huff Partners has arranged the sale of a 12,513-square-foot industrial building, located in Watauga. The property, which is situated on approximately 3 acres at 6301 Whitley Rd., was formerly used as a distribution center for Mrs. Baird’s. Jeff Givens and Amy Baker of NAI represented the seller, Clay Roarke. The property was purchased by Fort Worth Tower LLC for an undisclosed amount.
ORANGE COUNTY, CALIF. — The Leaverton Company has selected Essex Realty Management to provide leasing, property and construction management for its 800,000-square-foot Orange County portfolio of multi-tenant business parks. The currently 84-percent-occupied portfolio includes the 452,000-square-foot La Palma Business Park, the 102,000-square-foot Orangethorpe Business Park, the 197,000-square-foot Anaheim Business Park and the 50,000-square-foot L Business Park in Orange, Calif.
OCEANSIDE, CALIF. — DEI LLC has purchased La Pacifica, a 226,220-square-foot industrial project in Oceanside, for an undisclosed price. Located at 3801, 3809 and 3817 Ocean Ranch Blvd., the property was approximately 80 percent leased at the time of acquisition. Rusty Williams and Larry Strickland of Lee & Associates represented the buyer; Brian Driscoll, Rick Redder and Dennis Visser of Grubb & Ellis|BRE Commercial represented the seller, RREEF, in the transaction.
REDLANDS, CALIF. — ProLogis has leased 498,000 square feet to Continental Tire North America (CTNA), a business of Continental AG. CTNA will occupy space at a recently developed 600,000-square-foot distribution facility within ProLogis Park Redlands in Redlands. CTNA will use the space to store and distribute tires to its customers throughout the region.
MINNEAPOLIS AND INDIANAPOLIS — Colliers Turley Martin Tucker (CTMT) has arranged the sale of two flex properties. In the first transaction, the firm’s Twin Cities office brokered the $5.1 million sale of Phillips Eco-Enterprise Center, a 57,609-square-foot, multi-tenant office and industrial building located at 2801 21st Ave. in Minneapolis. David Stokes and Bradley Brown of CTMT represented the buyer, Wellington Management. The seller was undisclosed. In the second transaction, CTMT’s Indianapolis office brokered the sale of Fortune Park 14, a 53,189-square-foot flex office building located in Indianapolis. CTMT’s Rebecca Wells, David Moore and Darrin Boyd represented the seller, Professors Capital. The buyer was Fortune Park 14 LLC, a partnership led by Tom Frank of Summit Realty Group. The acquisition price was not disclosed.
WARRENSVILLE HEIGHTS, OHIO — NAI Daus has completed the sale of a 23,594-square-foot industrial facility, located at 18780 Cranwood Pkwy. in Warrensville Heights. Situated on approximately 2 acres, the building contains 4,394 square feet of office space, two docks and two drive-in doors. Jeffrey Calig and David Hexter of NAI Daus represented the undisclosed seller. The buyer, BB Buckle LLC, purchased the property for an undisclosed amount.
WINDSOR AND EAST GRANBURY, CONN. — CB Richard Ellis (CBRE) Capital Markets has arranged $10.5 million in financing for a four-building industrial portfolio. The four properties total 239,902 square feet and are located within New England Tradeport, a 600-acre, master-planned business park situated in the towns of Windsor and East Granbury. The four buildings were constructed between 1978 and 2008, and are owned by Griffin Land. Mike Riccio and Christine Kubas of CBRE Capital Markets’ Hartford, Conn., office secured the loan. The mortgage has initial proceeds of $8.5 million but can be funded up to $10.5 million. It carries a 10-year term with a 25-year amortization schedule and a 6.58 percent fixed interest rate. The lender was Peoples United Bank.
HOUSTON — Wallenius Wilhelmsen Logistics has reached an agreement with Kansas City Southern Railway Co. (KCS) to construct a new finished vehicle distribution center for Nissan in Houston. The facility will be situated adjacent to CenterPoint Intermodal Center – Houston Metro, an 800-acre intermodal and logistical park owned by a joint venture between CenterPoint Properties and KCS. The new facility is located on the new Victoria-to-Rosenberg KCS main line, providing direct access to Nissan’s manufacturing facility in Aguascalientes, Mexico, as well as the Mexican port of Lazaro Cardenas. The distribution center will serve customers in Texas, Oklahoma and Louisiana. The construction timetable for the project has not been released.
HOUSTON — NAI Houston has brokered the sale of a 25,000-square-foot industrial building, located at 2700 Aldine Bender Rd. in Houston. The newly constructed property is situated within InterBelt North Business Center. John Ferruzzo and Travis Land of NAI Houston represented the seller, StoneBridge T1 LP. Trey Martin and Griff Bandy, also of NAI Houston, represented the buyer, PSREH LTD. The buyer has leased the building to Petroleum Solutions for the company’s Houston operations.