SIMI VALLEY, CALIF. — Spar Investment Co. has purchased an industrial property, which is located at 2255 and 2267 Agate Ct. in Simi Valley. The 34,875-square-foot property sold for $5.3 million. At the time of acquisition, the property was 100 percent occupied. Grant Harris and John Ochoa of Lee & Associates’ Ventura, Calif., office represented the buyer; Bram White and Stuart Scott of Dom Commercial Real Estate Services represented the seller, Turbo Properties LLC, in the transaction.
ALPHARETTA, GA. — Duke Realty has sold an 80,000-square-foot warehouse to Chicago-based First Industrial, a real estate investment trust, for $4.4 million. Kimberly-Clarke is the major tenant in the building, which is located at 11415 Old Roswell Rd. in Alpharetta. Duke Realty’s Brian Sutton represented the seller, and Bob Burdell of NAI Brannen Goddard represented First Industrial.
CLEARWATER, FLA. — Perma-Liner Industries has signed a 7-year lease on a 30,000-square-foot warehouse. Further terms of the lease were not disclosed. The company will use the building, located at 13000 Automobile Blvd. in Clearwater, as the headquarters of its underground utility piping and installation operation. Bill Alton and Dave Tower represented Perma-Liner in the transaction.
STURTEVANT, WIS. — Chicago-based HSA Commercial Real Estate has purchased a 192,500-square-foot industrial building located at 10277 Venice Dr. in Sturtevant. The facility, which is situated on a 16.4 acre-site within Renaissance Business Park, features 39-foot clear ceiling heights, 29 exterior docks, six drive-in doors and trailer storage. HSA acquired the building from a private investment group for an undisclosed amount. The building is fully leased to Allstates Trucking Inc. and Bway Manufacturing. HSA was represented in-house by Eric Ogden; Todd Torok of Lee & Associates represented the seller in the transaction.
WOBURN, MASS. — Grubb & Ellis has brokered the sale of a 56,290-square-foot flex building, located at 23 Rainin Rd. in Woburn, for approximately $4.8 million. Situated on 12.1 acres, the facility serves as the primary office and research facility for Rainin Instrument, a subsidiary of Mettler Toledo. Anthony Biette and Brad Spencer of Grubb & Ellis represented the seller, Rainin Group and the estate of Kenneth Rainin. The property was acquired by Boston-based Mack investors. Rainin Instrument will continue to occupy the facility until the termination of its lease in 2011.
LOGAN, PA. — Reno, Nev.-based developer DP Partners has signed a long-term lease with Long Beach, Calif.-based Brighton-Best International for 106,655 square feet at LogistiCenter at Logan, a 1,000-acre, rail-served industrial park located in Logan. Brighton-Best will occupy a portion of Building K, a 365,760-square-foot, cross-docked distribution center located at 2100 Center Square Rd. Building K features 32-foot clear ceiling heights, 60-foot by 60-foot bay spacing, 96 truck dock positions, four drive-in doors, ESFR sprinkler systems, and parking for 88 trailers and 235 cars. The facility was completed this past summer; Malvern, Pa.-based Cathers & Associates served as project architect and locally based Marathon Engineers served as civil engineer. Terms of the lease were not disclosed. Brighton-Best International is an affiliate of Taiwan-based Ta Chen International.
OCALA, FLA. — Construction is nearly complete on Edwards Construction Services’ 42,000-square-foot CarQuest Distribution Center expansion. Upgrades to the property, located at 1700 S.W. 38th Ave. in Ocala, include relocation of existing tilt-wall panels, structural steel roof framing, installing interior heating and lighting and erecting new tilt-wall panels. The $1.8 million project was designed by Atlanta-based MacGregor Associates Architects.
LA VISTA, NEB. — Grubb & Ellis|Pacific Realty has arranged the sale of 23 acres located at 121st and Centennial roads within the Papio Valley 2 Business Park in La Vista. Waldinger Corp., which acquired the property for $1.49 million, has plans to construct an 80,000-square foot office and manufacturing facility at the site. Michael Mellen of Grubb & Ellis|Pacific Realty represented the buyer; Jack Degan of NAI/NP Dodge represented the undisclosed seller in the transaction.
ELIZABETH, NEWARK AND JERSEY CITY, N.J. — Princeton, N.J.-based KSS Architects has completed the design for two New Jersey industrial projects for AMB Property Corp. and was selected to design a third. The first completed project is AMB Portview Commerce Center, a three-property, approximately 355,000-square-foot industrial park located in Elizabeth. Situated on 19 acres, the project is being developed by a joint venture between AMB and Portview Properties. It will feature three Class A distribution centers; two of the buildings will have 30-foot clear ceiling heights and the third will have 24-foot heights. Building 1, a 144,000-square-foot distribution center located at 700 Dowd Ave., was completed in spring of this year and is almost fully leased. The second completed project is AMB Liberty Logistics Center, a 191,000-square-foot, Class A distribution center located in Newark near Newark Liberty International Airport. Construction will include the remediation of the 9-acre site of a former pharmaceutical plant. The new facility will feature a 280-foot building depth, 52-foot by 52-foot column spacing, 36-foot clear ceiling heights, 32 loading docks, two drive-in ramps, a 120-foot truck court, 33 trailer spaces and 130 car parking spaces. AMB recently signed the center’s first tenant, Mimeo.com, which will occupy …
ORLANDO, FLA. — Columbus, Ohio-based Parkline Holding Co. has purchased an 81,750-square-foot industrial building from McCraney ORL-Parkline for $11.25 million. Spread across 6.61 acres at South Orange Avenue and Parkline Boulevard in Orlando, the building also comes with an attached 5.39-acre parcel. Parkline was represented by George Livingston and Christie Alexander of NAI Realvest. David Murphy of CB Richard Ellis represented the West Palm Beach, Fla.-based seller.