WAUKEGAN, ILL. — Chicago-based Paine/Wetzel • ONCOR International has brokered a 202,000-square-foot industrial lease in Waukegan. Packaging firm Trifinity Partners will relocate its offices to the new building, located at 3600 Sunset Ave., from its old facility in Baltimore. Whit Heitman and Samuel Badger of Paine/Wetzel represented the landlord, CenterPoint Properties. The two were the sole brokers in the transaction. In addition, Trifinity had recently leased a 131,000-square-foot distribution facility, also located in Waukegan at 3731 Sunset Ave.
DALLAS — Henry S. Miller Brokerage (HSMB) has completed the sale of a 15,900-square-foot industrial building, located at 2303 Shorecrest Dr. in Dallas’ East Brookhollow submarket. The property was acquired by S.V. Hardy LP, which plans to use the building for office and warehouse uses. Chris Armstrong of HSMB represented the seller, Hartnack Investments. The buyer was represented by Jason Moser of Stream Realty.
HAYWARD AND TRACY, CALIF. — Colliers International has completed the transactions of two industrial properties in California. In the first transaction, Mill Valley, Calif.-based GSI Realty has acquired an 113,000-square-foot distribution building in North Hayward for an undisclosed price. Sean Sabarese and Joe Yamin of Colliers’ Oakland, Calif., office represented the buyer; Greig Lagomarsino, also of Colliers Oakland, represented the undisclosed seller in the transaction. In the second transaction, San Francisco-based Lowenberg Corp. purchased a 264,687-square-foot, three-building industrial park in Tracy. A Denver-based REIT sold the Class A multi-tenant property sold for an undisclosed price. Lagomarsino, along with Michael Goldstein and Greg O’Leary of Colliers’ Stockton, Calif., office, brokered the transaction.
WHIPPANY, N.J. — Hartz Mountain Industries has signed a 100,000+ square-foot lease with the Breeze-Eastern Corp., a publicly traded designer of lifting devices for military and civilian aircraft. As part of the long-term lease agreement, the company will move its corporate offices and manufacturing facility to 35 Melanie Lane in Whippany. The move to the Whippany facility is expected to be complete by third quarter 2010. Breeze-Eastern will spend approximately $5 million to build out its new offices.
WASHINGTON TOWNSHIP, N.J. — Matrix Development Group has signed a lease with Scholastic Book Fairs at Northeast Business Park in Washington Township. Scholastic will occupy 89,625 square feet of warehouse space and 6,175 square feet of office space at 14 Applegate Drive, a 241,662-square-foot industrial building within Northeast Business Park. The facility offers 26-foot clear height, plentiful door positions and trailer parking and an Early Suppression Fast Response (ESFR) fire suppression system. It also features easy access to Exit 7A interchange of the New Jersey Turnpike and Interstate 195. Other tenants within the park include W.W. Grainger, Lifetime Brands Inc., Sleepy's and several regional operators. The park is contiguous to Matrix Business Park at Exit 7A, a 480-acre industrial park that includes such tenants as Mercedes Benz of America and McCaster Carr Co.
AUSTIN, TEXAS — McShane Development Co. has completed Tuscany Technology Center 4, a 54,865-square-foot industrial flex facility located in Austin. The speculative building is divisible from 5,500 square feet and can accommodate one or multiple tenants. It features 24-foot clear ceiling heights, 40-foot by 40-foot typical bay spacing, four exterior truck docks, two drive-in doors, expandable 1,000-AMP electrical service and ESFR sprinkler systems. It is situated at the intersection of U.S. Highway 290 and Tuscany Way within the Tuscany Center at Walnut Creek Business Park, an office/ industrial park developed by McShane. The project was completed by the design/build team of Cadence McShane Construction Co. and TAG International. Bart Matheney, Robert Shore and Chad Barrett of AQUILA Commercial will oversee leasing of the property. McShane also has another adjacent parcel, known as Tuscany Technology Center 3, which can accommodate a 65,184-square-foot property.
OXNARD, CALIF. — Woolf Enterprises has purchased a 39,082-square-foot produce processing facility in Oxnard. Located at 650 Buena Vista Ave., the property sold for $2.65 million. The seller was West Coast Pre-Cooling Oxnard LLC. Stuart Scott of DAUM Commercial Real Estate Services’ Ventura, Calif., office represented both parties in the transaction.
SAN DIEGO, CALIF. — S&J Property Holdings LLC has completed the disposition of a 12,050-square-foot industrial facility, which is located within Carroll Mesa Industrial Park at 9235 Brown Deer Park in San Diego’s Sorrento Mesa area. ZJR LLC purchased the single-story, freestanding office/warehouse building for $2.2 million. The building is currently occupied by ZJR LLC, dba One Source Distributing. Dean Asaro of CB Richard Ellis represented the seller; Jed Stirnkorb, also of CB Richard Ellis, represented the buyer in the transaction.
MIAMI GARDENS, FLA. — Brooklyn, N.Y.-based MarJam Supply Co. has signed a 10-year lease with Boston-based TA Associates valued at $4 million. MarJam will occupy a 65,518-square-foot warehouse, located at 475 N.E. 185th St. in Miami Gardens. This is the company’s first location in Florida, and the firm will hire 20 employees to staff the space. Harry E. Wardell, Steven J. Medwin and Nick Wigoda of Lincoln Property Co.’s Miami office represented the tenant. Brian Smith, Wayne Ramoski and Audley Bosch of Cushman & Wakefield’s Miami office represented TA Associates.
VERNON HILLS, ILL. — Lincolnshire, Ill.-based Van Vlissingen & Co. has broken ground for a build-to-suit expansion within The Corporate Woods – Vernon Hills, located in Vernon Hills. Construction will consist of a 129,000-square-foot expansion to a distribution and manufacturing facility currently occupied by ZF Services North America, bringing its total space occupied to 289,000 square feet. ZF Services will be consolidating its Sheffield, Ohio, operations into the Vernon Hills facility. Ringwood, Ill.-based Gillespie Design Group is serving as project architect, and a joint venture between Arlington Heights, Ill.-based Build Corps and Libertyville, Ill.-based Ziccarelli Brothers is serving as general contractor. The completion date is not yet set.