IRVINE, CALIF. — Kusha Inc. has signed a 5-year lease for a 38,400-square-foot industrial property in Irvine. Located at 1211 McGaw Ave., the property leased for $1.67 million. The tenant, an importer of Basmati rice from India to the United States, plans to use the facility to house its United States headquarters. Dick Silva of Lee & Associates represented the lessee; Phil Cohen and Matt Durkin, also of Lee & Associates, represented the lessor, RDM Properties.
CHICAGO — NAI Hiffman has brokered the sale of a 68,000-square-foot warehouse building, located at 2229 S. Halsted St. in Chicago. The buyer, locally based Sterling Bay Cos., plans to rehabilitate the property and create loft industrial units. Brian Colson, Larry Goldwasser and Eric Fischer of NAI’s Industrial Services Group represented the seller, Sandler Sanitary Wiping Cloth Co. The purchase price was not released.
PETERBOROUGH, N.H. — Winchester, Mass.-based Klemmer Associates has brokered the acquisition of a 76,802-square-foot industrial facility, located at 375 Jaffrey Rd. in Peterborough. The buyer is Northeast Products, a hunting accessories manufacturer currently headquartered in Lawrence, Mass. The company plans to relocate its corporate headquarters to the new building. Ted Geary of Klemmer Associates represented Northeast Products in the purchase. The seller, Monadnock Business Ventures, was represented by Michelle Lange and George Foskett of The Masiello Group. The acquisition price was not disclosed.
HOUSTON — Advanced Platinum Solutions has signed a lease for 110,000 square feet of warehouse/distribution space at 10735 W. Little York in Northwest Houston. The long-term lease is at West Little York Distribution Center, which is owned and managed by Liberty Property Trust. The tenant, which provides warranty and repair services for Hewlett Packard in the U.S., has moved into its new location. Troy Collins with Holt Lunsford represented Advanced Platinum Solutions in the transaction.
SAN ANTONIO, TEXAS — Centurion Storage at O’Connor and Centurion Storage at Encino, two self-storage facilities in Northwest San Antonio totaling nearly 190,000 square feet, recently sold to a limited liability company. Located at 17402 O’Connor Rd., Centurion Storage at O’Connor spans 80,087 square feet; the 109,575-square-foot Centurion Storage at Encino sits at 21703 Encino Commons. Mark Villanueva of Marcus & Millichap’s Austin, Texas, office had the exclusive listing to market the properties on behalf of the seller, a limited liability company. Villanueva also secured the buyer.
HAYWARD, CALIF. — Greig Lagomarsino of Colliers International’s Oakland, Calif., represented both the seller and buyer in the acquisition of a 2.5-acre land parcel in Hayward. Located at 3485 Breakwater Ct. within Breakwater Industrial Park, the property is a portion of a larger 7.6-acre site. Watson-Setzer Real Estate Partners LLC sold the property for an undisclosed price. The buyer, San Francisco-based Sierra Equipment Co., sells specialized heavy equipment for construction, drilling energy, agriculture and machine tool industries.
NEW YORK CITY — Kalmon Dolgin Affiliates (KDA) has completed the $4.3 million sale of 26-01/26-15 4th St. in the Astoria neighborhood of Queens in New York City. The one-story warehouse features 50,000 square feet. Jeffrey Unger and Robert Klein of KDA represented both the buyer, AA Holding of Long Island City, LLC, and the seller, 26-01/26-15 4th Street LLC. The buyer purchased the building due to its proximity to the Robert F. Kennedy and Queensboro Bridges, the Midtown Tunnel, BQE, and the LIE.
HOUSTON — American Realty Capital Trust expects to acquire a Houston freight facility net leased to FedEx Freight this month for approximately $30.9 million. The building totals 152,640 square feet and is located in the Satsuma Station Industrial Park. The primary lease term is 15 years and provides for up to two successive 5-year extensions. The seller is PinPoint Commercial. The first-mortgage loan will be financed by a major European bank, which will represent about 50 percent of the total purchase price, with American Realty providing the remaining capital.
LEBEC, CALIF. — Brown Shoe Company Inc. has completed the development of its 350,000-square-foot Famous Footwear Distribution Center, which is located within Tejon Industrial Complex (TIC) in Lebec. According to Brown Shoe’s chairman and CEO, the new facility has an annual capacity of 32 million pairs of shoes and expected inventory turns of 17 to 22 times per year. The facility will serve all Famous Footwear stores located west of the Rocky Mountains and direct shipping to customers in that geographic region. Brown Shoe partnered with Fortna Inc., a supply chain strategy, design and implementation firm, to create a state-of-the-art logistics system for the new center. The facility features a cross belt unit sortation system, multiple sliding shoe sorters, a high-density storage and picking module, new warehouse management software and FortnaWCS, the Fortna warehouse control system. Clayco Inc., a St. Louis-based corporate real estate design-build and construction firm, owns the property, which is being leased to Brown Shoe.
ONTARIO, CALIF. — Sears Holdings Corp. has renewed its lease with Dedeaux Properties LLC for a facility in Ontario. Sears Holdings Corp. currently leases an approximately 823,000-square-foot distribution facility, which is part of the 1.3 million-square-foot Dedeaux Inland Empire Park. The value of the lease was not disclosed.