SANTA FE SPRINGS, CALIF. — Philadelphia Gear Corp. has signed a lease with Standard Precision for a 113,125-square-foot warehouse. The property is located at 12935 Imperial Highway in Santa Fe Springs. John McMillan of Cushman & Wakefield’s Los Angeles office represented the tenant. Mike Foley and Dave Hess of CB Richard Ellis’ Commerce, Calif., office represented Standard Precision. The 10-year lease is worth $8 million.
RENO, NEV. — Passco Cos. has sold a 330,000-square-foot warehouse to an Alaskan partnership for $7 million. Located at 4910 Longley Lane in Reno, the property is part of a six-building portfolio Passco purchased 6 years ago. NAI Alliance Reno’s Paul Perkins and Michael Hoeck brokered the sale.
ATLANTA — Dallas-based Cobalt Capital Partners, through its Cobalt Industrial REIT affiliate, has executed a 135,000-square-foot lease with Scott Distribution Service Inc. at 5201 Phillip Lee Dr. in Atlanta. Scoot Distribution Service is a provider of integrated logistics services including warehousing, fulfillment, transportation and packaging. Chip Watson of CB Richard Ellis represented the tenant.
WESTLAND, MICH. — Friedman Real Estate Group has arranged a lease for 23,755 square feet of industrial space at 39103 Warren Rd. in Westland. The tenant is Canton, Mich.-based Jade Scientific, which was represented by Phil Konopitski of Friedman. The landlord is FL & JMR LLC. Terms of the lease were not disclosed.
HOLLISTON AND RANDOLPH, MASS. — R.W. Holmes Realty Co. has brokered two Massachusetts industrial leases. In the first transaction, Rypos Inc. signed a lease for 15,000 square feet at 150 Hopping Brook Rd. in Holliston. John Eysenbach of R.W. Holmes was the transactions' sole broker. In addition, Eysenbach negotiated the renewal of Trelleborg Emerson & Cuming's 21,600-square-foot lease at 24 Teed Dr. in Randolph. The landlord in each transaction was not disclosed.
SAN LEANDRO, CALIF. — Grubb & Ellis has brokered the sale of Wicks Business Park, a 143,443-square-foot industrial property located in San Leandro. Situated on 11.2 acres at 15000-15099 Wicks Blvd., the property comprises four single-story buildings. Occupancy was 70 percent at the time of closing. Edward Suharski, Steven Golubchik and Seth McKinnon of Grubb & Ellis' San Francisco office arranged the transaction. Both parties were undisclosed.
SCOTTSDALE, ARIZ. — Colliers International has arranged the sale of a 34,757-square-foot flex property in Scottsdale for $5.44 million. Situated within McDowell Business Park at 16641 N. 91st St., the two-story building consists of 25,593 square feet of Class A office space and 9,164 square feet of warehouse space. Greg Hopley of Colliers' Scottsdale office represented the seller, locally based Wright Brothers Investments. Troy Weurding of Caliber Commercial represented the buyer, Patriot Investments. Patriot Investments plans to occupy approximately 25,000 square feet within the property for its corporate offices. Wright Brothers will retain space in the building for 2 years.
LOS ANGELES — Marcus & Millichap has negotiated the sale of a 96,000-square-foot industrial property located at 840 Santee St. in Los Angeles for $5.25 million. Jerry Wise, Adam Petriella and Tony Azzi of Marcus & Millichap's West Los Angeles office represented the seller, a financial institution. Azzi also represented the buyer, a private investor.
INDIANAPOLIS — Indianapolis-based NAI Olympia Partners has brokered two Indianapolis industrial leases totaling 112,144 square feet. In the first transaction, Millennium Group leased a 99,350-square-foot building located at 6515 Olivia Lane. Chip Barnes and Mike Lubbers of NAI represented the tenant, and Colliers Turley Martin Tucker represented the landlord, Dugan Realty. In the second transaction, Lake Court Medical Supplies leased 12,794 square feet at 2910 Fortune Circle West. NAI's Joe Howell and Brett Spitzer represented the tenant. The landlord, Duke Realty Corp., provided in-house representation.
DENTON, TEXAS — Henry S. Miller Brokerage (HSMB) has completed the purchase of a 16,000-square-foot flex property located in Denton. The property consists of two office and warehouse buildings situated on 1.6 acres at 3412 Schuyler Rd. One building totals 10,000 square feet and the other totals 6,000 square feet. HSMB's Dan Spika represented the buyer, Jim/Heritage LP. Don Frazier of Frazier Commercial represented the seller, The Estate of Martha Parker. The acquisition price was not disclosed.