FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has completed the sale of a 203,822-square-foot office/warehouse property located in Fort Worth. The building is situated at on 7.8 acres at 7410 Pebble Dr. within the 97-acre Riverbend Tech Center. The buyer, locally based Nuclear Logistics, plans to consolidate four of its area offices into the new building, which will also provide room for expansion. The seller was locally based Klabzuba Oil & Gas. Todd Lambeth of Bradford was the sole broker in the transaction. The acquisition price was not released.
Industrial
ROANOKE, TEXAS — United Supermarkets has acquired 15 acres with the Alliance Global Logistics Hub for the construction of a new distribution center. The facility will total 200,000 square feet and will be located on Freedom Drive in Roanoke. Site preparation work will begin by mid-November, with completion expected in September 2010. The project will be developed and operated by Exel, which already operates another United distribution center in Lubbock, Texas. The new facility will mark United's second distribution center in the Dallas-Fort Worth Metroplex. Dan Cook of Cushman & Wakefield represented United in negotiations for the land purchase; the owner of Alliance, Hillwood Properties, was represented in-house by Tony Crème.
JACKSONVILLE, FLA. — San Diego-based Western Devcon has purchased 6.79 acres of industrial land in Jacksonville from HGL Properties for $3.5 million. Located on Cypress Plaza Drive in the Cypress Point Business Park, the land will be used for a Military Entrance Processing Station. Mark Scott, Tyler Newman and James Patrick of Cushman & Wakefield brokered the sale.
LAFAYETTE, IND. — Eli Lilly and Company has agreed to sell its Tippecanoe Laboratories manufacturing facility to Evonik Industries AG, one of the world’s largest chemical companies. The facility, which is located in Lafayette, will remain in operation with a focus on producing high-quality active pharmaceuticals ingredients (API) and specialty chemical and animal health products. Concurrent with the sale, the two companies will enter into a 9-year supply and services agreement, whereby Evonik will manufacture API for certain Lilly human and animal health products. Additional terms of the transaction were not disclosed.
WILLOWBROOK, ILL. — Cogent Asset has purchased a 25,428-square-foot building, which is located at 7001 Adams in Willowbrook, for $2.65 million. The facility features approximately 26 percent office space, 22-foot clear ceiling heights, an interior dock and a drive-in door. David Friedland of Epic Realty Partners represented the buyer; Brian Liston and Brian Gedvilas of Darwin Realty & Development Corp. represented the seller, VIP Morgan Partners, in the transaction.
WOOD DALE, ILL. — A private investor has acquired a 15,000-square-foot facility, which is located at 362 Balm Ct. in Wood Dale, for $1.29 million. The building features 2,300 square feet of office space, 16-foot clear ceiling heights, a dock and a drive-in door. Brian Liston and Brian Gedvilas of Darwin Realty & Development Corp. represented the buyer; Chris King and Tom Kukulski of Kingbrook & Associates represented the undisclosed seller.
HOUSTON — Nestle Waters North America has disposed of a 10,320-square-foot warehouse located at 1930 Lauder Rd. in Houston. Patrick Rollins of CBRE represented Nestle Waters in the transaction. Greg Barra of Boyd Commercial represented the undisclosed buyer. The acquisition price was also undisclosed.
POMONA, CALIF. — Los Angeles-based developer Overton Moore Properties (OMP) has sold a 95,604-square-foot industrial building, located at 389 Humane Way within OMP Empire Gateway Business Center in Pomona. The building is the third facility sold this year at the developer’s four-building, 246,000-square-foot center, which was completed in 2008. Cushman & Wakefield’s Phil Lombardo and Ty Newland represented the seller in the transaction, and the buyer, Roxy Realty Investment LLC, was represented by Lombardo, Newland and their colleague Stu Milligan.
CHICAGO — Steven D Construction has purchased a 2.82-acre industrial land site located at 2000 W. 43rd St. within Stockyards Industrial Park in Chicago. The company plans to redevelop the existing office buildings and use the land for equipment storage. Michael Nelson and Mark Nelson of Paine/Wetzel • ONCOR International represented the seller, Mike Kibler, in the transaction. The acquisition price was not disclosed.
HOUSTON — Marcus & Millichap has completed the sale of Beechnut Business Park, a 37,920-square-foot industrial property located in Houston. The building was built in 2008 and is situated on a 108,753-square-foot land parcel at 12769 Beechnut St. Joshua Lass-Sughrue and Justin Miller of Marcus & Millichap's Houston office represented the seller, a financial institution. Lass-Sughrue and Jason Ridenbaugh, also of Marcus & Millichap's Houston office, represented the buyer, a private investor. The acquisition price was not disclosed but the property listed for $1.6 million.