GRAND PRAIRIE, TEXAS — Dallas-based Henry S. Miller Commercial (HSMC) has brokered the sale of an 18,068-square-foot parcel located at 1502 109th St. in Grand Prairie. The buyer, locally based Visionaire, plans to develop a new manufacturing and distribution facility on the site; the new facility will be more than 11,000 square feet larger than its current location. Jim Hazard of HSMC represented the buyer. The seller, Ollie Bell Properties Ltd., was represented by Brian Pafford of Dallas-based Bradford Cos. The acquisition price was not disclosed.
SPOKANE, WASH. — Montgomery Realty, a subsidiary of Aslin-Finch Company, has acquired the 45-acre property formerly known as the SuperValu distribution facility in Spokane. Located between Argonne and Pine roads, the 500,000-square-foot facility has been renamed Copper Bridge Commerce Park. The company acquired the property to accommodate the growth of AFCO Distribution, the wholesale division of Aslin-Finch, and its newly acquired company, Cascade Seed Company. Minneapolis-based SuperValu Holdings sold the property for an undisclosed price.
LOS ANGELES — Los Angeles-based Lowe Enterprises Investors has purchased a 266,396-square-foot industrial distribution facility in central Los Angeles. Located at 2652 Long Beach Ave., the building features clear ceiling heights ranging from 18 to 30 feet, 66 dock-high loading doors, a guarded rail truck entrance and a secure, oversized truck yard. The property was acquired on behalf of an investment client for $31.5 million from an undisclosed institutional owner. Lowe Enterprises plans to invest more than $5 million in renovations and improvements for the facility.
SANDY SPRINGS, GA. — Atlanta-based Wells Real Estate Investment Trust II has taken majority ownership of the recently completed 354,963-square-foot Three Glenlake, which was leased to Newell Rubbermaid. Wells has signed a new 12-year lease with the company, which will continue to operate its corporate headquarters in the building. Three Glenlake, a 14-story tower, was built to Green Globes environmental standards by Pope & Land Enterprises, Granite Properties and Greenstone Properties. Eastdil’s Randy Evans and Mike McDonald brokered the closing, and Wells was represented internally by Keith Willby.
DETROIT, PONTIAC, WARREN, FLINT AND BAY CITY, MICH. — The Michigan Economic Growth Authority board has approved state incentives to encourage General Motors to consider expanding its facilities in Detroit, Pontiac, Bay City, and Warren, as well as build a new facility in Flint. Pending company approval, the project is expected to retain a total of 14,380 jobs in the state. The proposed $838 million project would include upgrades to the Detroit-Hamtramck assembly plant, Pontiac Metal Center, Bay City Components Plant and the GM Technical Center in Warren. Additionally, a new facility would be constructed on a brownfield site in Flint. A state tax credit worth approximately $122.5 million over 15 years was approved, along with a brownfield tax credit valued at $10 million, in order to secure the company’s investment. Additionally, the Michigan Economic Growth Authority board has approved state incentives for improvements to Carbone of America’s Ultra Carbon Division, which is located at 900 Harrison St. in Bay City. The $11.5 million project includes demolition and reconstruction of a functionally obsolete portion of the existing building, underground utility improvements to accommodate expansion, as well as new manufacturing equipment and a new furnace. In addition, a deteriorated section of …
KANSAS CITY, MO. — Lenexa, Kan.-based Miller-Stauch Construction Co. has completed building Dean Machinery’s regional operations headquarters at 87th Street and Interstate 435 in Kansas City. The property houses two industrial facilities totaling more than 190,000 square feet in size. Because Dean Machinery is Kansas City’s official dealer of Caterpillar construction and mining equipment, only the most heavy-duty building materials were used during construction. The project required using 960 tons of structural and reinforcing steel, 9,300 cubic yards of 10-inch thick concrete slabs, and 39 bridge and jib cranes with a total capacity of 135 tons. Amenities at the facility include a parts warehouse, equipment repair shop, wash bay, paint booth, fueling station, fabrication and welding bay, and heavy equipment storage and test areas. Dean Machinery is scheduled to move into its new headquarters on October 10.
LA PORTE, TEXAS — The Houston office of Cushman & Wakefield of Texas (C&W) has arranged the sale of a 49.36-acre industrial development parcel located on Fairmont Parkway in La Porte. John Littman, B. Kelley Parker and Coe Parker of C&W represented the seller, NDI Fairmont Parkway Partners Ltd. The buyer, Notsuoh Development Corp., plans to use the property, which is located within Fairmont Industrial Park, for future development. Lane Guinn of Houston-based JLM Commercial Advisors provided buyer representation in the land transaction.
COOKEVILLE, TENN. — Memphis, Tenn.-based Baldor Electric Co. has sold the 671,000-square-foot CoLinx Distribution Center, located at 1536 Genesis Rd. in Cookeville, to Crossville Acquisitions for $30.69 million. Terry E. Smith of NAI Nashville brokered the transaction with the help of Fort Smith, Ark.-based Bradford & Udouj Realtors’ John Hagen.
FRANKLIN PARK AND BENSENVILLE, ILL. — Richard Daly of Darwin Realty & Development Corp. has brokered the sale of two Illinois industrial facilities. In Franklin Park, CenterPoint Realty Trust has acquired an industrial building located at 11533 Franklin Ave. The 62,000-square-foot manufacturing/warehouse facility includes a 7,285-square-foot office component and 21-foot ceiling heights. Daly represented both parties in the transaction. Additionally, Daly has represented the seller in the disposition of a 19,800-square-foot industrial facility located at 1133 Bryn Mawr in Bensenville. The building includes 1,634 square feet of office space and 16-foot ceilings. Designed Plastics has acquired the facility for the expansion of its manufacturing operation. Brian Carroll of Grubb & Ellis represented the buyer in the transaction.
LAKELAND, FLA. — Seaman Development Corp. has acquired 44 acres of industrial land, located on Airport and Gay roads in Lakeland, from a private seller for $3 million. Plans for the land include expanding Rooms To Go’s existing warehouse footprint by more than 700,000 square feet. The expansion, which will cost $16 million, will make the warehouse the largest in Polk County. No start date has been set.