DALLAS — The Dallas office of Grubb & Ellis has completed the sale of a 50,000-square-foot industrial building located at 2607 Vinson St. in Dallas. Grubb & Ellis' Gary Lindsey represented the buyer, Federal Resources Inc., as well as the undisclosed seller in the transaction. The sale price was not disclosed.
Industrial
LEXINGTON, KY. — American Home Design has purchased a 39,000-square-foot warehouse and showroom from Shareco Investors for $2.22 million. The property is located on 2.3 acres at 163 Old Todds Rd. in Lexington. Lykins Realty’s Jerod Hagen represented the buyer. Paul Ray Smith and Bruce Issac of NAI Issac Commercial Properties represented the seller.
OLATHE, KAN. — BMJ Building Management has acquired an industrial building in Olathe for an undisclosed price. Located at 15765 S. Keeler, the property offers 27,840 square feet of industrial space. The seller was Mid-America Associates. Lynn Holcomb of Coldwell Banker Commercial Fishman & Co. brokered the transaction.
GARDEN GROVE, CALIF. — Corix Utilities U.S. Inc. has signed a 3-year lease for a 62,888-square-foot industrial property, and Bacozone Inc. has signed a 5-year lease on a 30,000-square-foot industrial property. Both properties are located in Garden Grove, and Voit Real Estate Services’ Mike Bouma represented both of the lessors — CRP II Monarch LLC and Kilroy Realty L.P, respectively — in the transactions. Voit’s Louis Tomaselli and Mitch Zehner assisted on the latter lease.
HAMPTON, VA. — Valeo has leased 56,129 square feet of warehouse space from an undisclosed landlord in Hampton. The property is located at 301 W. Park Lane. Valeo, an automotive supplier, will use the space to distribute clutch kits and windshield wipers. Norfolk, Va.-based S.L. Nusbaum Realty Co.’s Stephanie Sanker and Richmond, Va.-based Thalhimer’s Clay Culbreth represented the tenant.
ELGIN, ILL. — Palatine, Ill.-based Weber-Stephen Products Co. has signed a long-term lease for a 250,000-square-foot industrial facility, located at 2500 Northwest Parkway within Northwest Corporate Park in Elgin. The company plans to use the facility as a supplementary distribution hub for its manufacturing plants in Palatine and Huntley, Ill. Weber-Stephen plans to completely occupy the building by the end of the year. The building features 30-foot clear ceiling heights, 25 exterior loading docks, two drive-in doors, ESFR sprinkler systems and secured trailer parking. The building is owned through a fund of Dallas-based ING Clarion Partners. Noel Liston of Darwin Realty & Development Corp. represented the tenant; Andrew Lowe of ING Clarion represented the ownership in the transaction.
RICHARDSON AND GRAPEVINE, TEXAS — Dallas-based Bradford Commercial Real Estate Services has completed two Texas industrial leases totaling 31,250 square feet. In the first transaction, Eclipse Electronic Systems renewed its lease for 21,500 square feet of flex space at 1551 Glenville Dr. in Richardson. Sharon Friedberg of Bradford represented the tenant, and Maverick Commercial represented the landlord, Richardson Technology Properties I LP. In the second transaction, Mountain Movers Transportation & Logistics signed a new lease for 9,750 square feet of distribution space at 753 Port America Place in Grapevine. Todd Lambeth and Joe Santaularia of Bradford represented the landlord, AMB Property Corp. Gil Stoube of Lincoln Property Co. represented the tenant. Terms of the leases were not disclosed.
DOWNEY, CALIF. – Rexford Industrial LLC has purchased the 176,000-square-foot RIF IV Cornerstone, a newly constructed light industrial property located at 9220-9268 Hall Rd. in Downey, for $10 million. Consisting of 45 industrial condominium units situated on approximately 9 acres of land, Rexford’s acquisition came directly from the lender out of foreclosure in an off-market transaction.
CHARLOTTE, N.C. — Legrand Holdings has leased 332,000 square feet of warehouse space from ProLogis in the firm’s 559,000-square-foot Carowinds Distribution Center in Charlotte. Legrand will use the space to support its North American line of electrical installation and information networks products. Anne Johnson and Bryan Crutcher of CB Richard Ellis’ Charlotte office represented the tenant.
CHESAPEAKE, VA. — Jimalee has purchased a 30,500-square-foot warehouse from Old Dill Road LLC for $2.24 million. The property is spread across 3 acres at 3728 Profit Way in Chesapeake. The building will house Electric Motor Contracting Co.’s expanded operations. Patrick Mumey and W. Scott Wermers of Thalhimer’s Virginia Beach, Va., office brokered the sale.