GOLDEN, COLO. — MW Real Estate has purchased a 13,705-square-foot industrial building, which is situated on 44,930 square feet of land in Golden. Located at 13050 W. 43rd Dr., the property sold for $1.35 million. Chris Ball and Esther Kettering of Fuller Real Estate brokered the transaction.
PLAINFIELD, IND. — Rolls-Royce Corp. has signed a lease for 37,148 square feet of industrial space at MetroAir Business Park, located in Plainfield. The company will lease a portion of the MetroAir Three building, which is located at the intersection of Stafford Road and Ronald Reagan Parkway, as a production facility for aircraft components. The approximately 35,000 square feet of manufacturing space will include seven overhead cranes, one floor-mounted crane, and climate control systems for air conditioning, humidity and compressed air. The tenant space will also include 3,000 square feet of office space. Patrick Lindley of the Indianapolis office of Colliers Turley Martin Tucker represented Rolls-Royce in lease negotiations. Rolls-Royce will become the second tenant at the 248,336-square-foot MetroAir Three building, bringing occupancy up to 55 percent. MetroAir Business Park, which is owned jointly by Indianapolis-based Horn Properties and McShane Development Co., is a 775,000-square-foot, multi-tenant industrial park.
NEW YORK CITY — NAI Friedland Realty has completed the $20 million sale of a 144,000-square-foot warehouse. Located at 1080 Leggett Ave. in the Hunts Point area of the Bronx in New York City, the warehouse was purchased from Paradise Foods by Manhattan Beer Distributors. Situated on 4.9 acres, the 1950s warehouse features 22-foot high ceilings and is in close proximity to area highways and transportation, and it is adjacent to an active rail site. Steve Kornspun of Friedland represented Manhattan Beer in the transaction.
ISLIP, N.Y. — The Silver Group has completed the sale of a 45.9-acre tract of land with 575,000 square feet of buildings in Central Islip. The seller first acquired the property in 2001, which was used as a distribution facility for all Waldbaum Supermarkets on Long Island. The property was purchased by Sysco Foods for $34 million.
EATONTOWN, N.J. — Peter Ricker of Weichert Commercial Brokerage has negotiated a 29,000-square-foot lease for office/flex space located at 246 West Industrial Way in Eatontown. Ricker represented the tenant, Empire Technologies, who was looking to relocate and expand its operations. The landlord, Industrial Way Complex, LLC, represented himself. The 5-year lease features a 5-year renewal option.
PLANO, TEXAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has completed the sale of Research Center, a five-property industrial/flex park located in Plano. Constructed in 2001, Research Center contains five buildings situated on approximately 15 acres that total 160,000 square feet of space. Tenants at the property include Terminex, NexRev and Eagle Test System. HFF’s Jud Clements and Robby Rieke represented the seller, Bank of America. The buyer, a Dallas-based private investor represented by Mark V Commercial, purchased the property free and clear of debt. The purchase price was not released.
ONTARIO, CALIF. — Trek Bicycle Corp., a global leader in bicycle design and manufacturing, has signed a lease for 207,018 square feet of space at Shea Center Ontario in Ontario. The company plans to use the space as its West Coast Distribution Center, which will store and ship bicycles and cycling products to dealers in the western third of the United States. Robert Pontello of Merit Commercial Real Estate represented the tenant; Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez of CB Richard Ellis represented the landlord.
MINNEAPOLIS — Bloomington, Minn.-based Kraus-Anderson Realty Co. has completed the sale of The Phillips Eco-Enterprise Center in Minneapolis. The 57,609-square-foot office/warehouse building, which is located at 2801 21st Ave., was a pilot project for the LEED program. David Stalsberg and Dan Mossey of Kraus-Anderson arranged the sale on behalf of the seller, The Green Institute. Greenway Office LLC, and affiliate of Wellington Management, acquired the building. The Green Institute, which has utilized the building as its headquarters since its completion in 1999, will remain a tenant in the building, occupying approximately 9,000 square feet.
BETHLEHEM, PA. — Candy manufacturer Just Born Inc. has acquired a 600,710-square-foot distribution building located in Bethlehem. Situated within Lehigh Valley Industrial Park V at 4000 Township Line Rd., the facility will be used as the company’s finished goods distribution center. Just Born plans to relocate its distribution center from Scranton, Pa., to the new facility to be closer to its manufacturing plant. The candy maker will upgrade the building to a food-grade, EPA-certified facility. The company will also be seeking LEED certification. The new distribution center will open in late 2009. Jerry Moore and Michael Bartolacci of The Garibaldi Group represented Just Born in the transaction. The seller, Delaware-based CC – Investors 1995-96, was represented by Michael Hines, Michael Blunt and Bill Wolf of CB Richard Ellis. The acquisition price was not disclosed.
HOUSTON — John Ferruzzo, Travis Land and Michael Keegan of NAI Houston recently represented Supreme Corp. Texas in the sale of an office/warehouse facility in Houston. Batterson Truck Equipment purchased the approximately 14,400-square-foot building, which is located at 5430 Killough. Chris Caudill and Joel Michael, also of NAI Houston, represented the buyer.