EL PASO, TEXAS — ProLogis has leased 354,000 square feet of distribution space in El Paso to CEVA Logistics. The supply chain company will occupy space within Vista Del Sol Industrial Center III, which is located on Loma Verde Drive near El Paso International Airport. Terms of the lease were not disclosed. CEVA now occupies approximately 4.9 million square feet of ProLogis distribution space across North America and Europe.
Industrial
REDLANDS, CALIF. — BlackRock has sold the Pioneer Industrial Center, a 390,780-square-foot Class A warehouse and distribution building located at 9425 Nevada St. in Redlands, to Sares-Regis Group. Financial terms were not disclosed. Cushman & Wakefield’s Jeffrey Cole, Chuck Belden and Ed Hernandez represented both the buyer and seller. Built in 2007, Pioneer Industrial Center is 52 percent leased to Sleep Innovations, a national bedding manufacturer.
ORLANDO, FLA. — AMB Property has sold a 201,600-square-foot distribution facility to High Street Real Estate Fund III for an undisclosed amount. The property, which is fully leased to Walgreen Co., is located at 7575 Chancellor Dr. in Orlando. David Murphy of CB Richard Ellis’ Orlando office and Frank Fallon, Chris Riley and Brian Budnick of the firm’s Atlanta office represented the seller.
TAMARAC, FLA. — KSM Electronics has leased 42,000 square feet of warehouse space from Principal Life Insurance Co. in the firm’s Westpoint Distribution Center. The property is located on Hiatus Road in Tamarac. Colliers Abood Wood-Fay represented KSM Electronics. Butters Realty & Management represented the landlord.
FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has completed the sale of a 203,822-square-foot office/warehouse property located in Fort Worth. The building is situated at on 7.8 acres at 7410 Pebble Dr. within the 97-acre Riverbend Tech Center. The buyer, locally based Nuclear Logistics, plans to consolidate four of its area offices into the new building, which will also provide room for expansion. The seller was locally based Klabzuba Oil & Gas. Todd Lambeth of Bradford was the sole broker in the transaction. The acquisition price was not released.
ROANOKE, TEXAS — United Supermarkets has acquired 15 acres with the Alliance Global Logistics Hub for the construction of a new distribution center. The facility will total 200,000 square feet and will be located on Freedom Drive in Roanoke. Site preparation work will begin by mid-November, with completion expected in September 2010. The project will be developed and operated by Exel, which already operates another United distribution center in Lubbock, Texas. The new facility will mark United's second distribution center in the Dallas-Fort Worth Metroplex. Dan Cook of Cushman & Wakefield represented United in negotiations for the land purchase; the owner of Alliance, Hillwood Properties, was represented in-house by Tony Crème.
JACKSONVILLE, FLA. — San Diego-based Western Devcon has purchased 6.79 acres of industrial land in Jacksonville from HGL Properties for $3.5 million. Located on Cypress Plaza Drive in the Cypress Point Business Park, the land will be used for a Military Entrance Processing Station. Mark Scott, Tyler Newman and James Patrick of Cushman & Wakefield brokered the sale.
LAFAYETTE, IND. — Eli Lilly and Company has agreed to sell its Tippecanoe Laboratories manufacturing facility to Evonik Industries AG, one of the world’s largest chemical companies. The facility, which is located in Lafayette, will remain in operation with a focus on producing high-quality active pharmaceuticals ingredients (API) and specialty chemical and animal health products. Concurrent with the sale, the two companies will enter into a 9-year supply and services agreement, whereby Evonik will manufacture API for certain Lilly human and animal health products. Additional terms of the transaction were not disclosed.
WILLOWBROOK, ILL. — Cogent Asset has purchased a 25,428-square-foot building, which is located at 7001 Adams in Willowbrook, for $2.65 million. The facility features approximately 26 percent office space, 22-foot clear ceiling heights, an interior dock and a drive-in door. David Friedland of Epic Realty Partners represented the buyer; Brian Liston and Brian Gedvilas of Darwin Realty & Development Corp. represented the seller, VIP Morgan Partners, in the transaction.
WOOD DALE, ILL. — A private investor has acquired a 15,000-square-foot facility, which is located at 362 Balm Ct. in Wood Dale, for $1.29 million. The building features 2,300 square feet of office space, 16-foot clear ceiling heights, a dock and a drive-in door. Brian Liston and Brian Gedvilas of Darwin Realty & Development Corp. represented the buyer; Chris King and Tom Kukulski of Kingbrook & Associates represented the undisclosed seller.