HOUSTON — CB Richard Ellis (CBRE) has brokered a lease for 32,000 square feet of warehouse/distribution space at West By Northwest Industrial Park, located at 10425 Okanella St. in Houston. The space will be occupied by logistics company Gateway Distribution of Texas. Representing the tenant in lease negotiations was John Simons of CBRE. Holden Rushing represented the landlord, ProLogis Texas II LLC. Terms of the lease were not disclosed.
ONTARIO, CALIF. — Myers Power Products has acquired a manufacturing, distribution and warehouse facility, which is located at 2950 Philadelphia in Ontario. TA Associates Realty sold the 221,921-square-foot property for $14.6 million. Myers is a manufacturer of electrical switchgear, service pedestals, custom cabinets and enclosures, UPS, and emergency power and emergency lighting systems. Chris Migliori of DAUM Commercial Real Estate Services represented the buyer; Mark Zorn and Tal Siglar, also of DAUM, represented the seller in the transaction.
LAS VEGAS — Conti Properties has acquired an industrial property, which is located at 3965 W. Post Rd. in Las Vegas. Lehigh Nevada Corp. sold the 24,893-square-foot property for $3 million. Brian Riffel of Colliers International – Las Vegas represented the seller in the transaction.
GEORGIA — Field Turf USA has signed a lease expansion with Springs Global U.S. for 224,000 square feet of industrial space. The property is located at 175 N. Industrial Blvd. in Calhoun, Ga. John Phelps of Grubb & Ellis’ Atlanta office represented both parties in the transaction. Phelps also represented Sonoco Products Co. in its 70,000-square-foot lease from First Street Associates. Sonoco will occupy warehouse space at 4099 Old Dixie Highway in Georgia.
CHICAGO — The Chicago office of NorthMarq Capital has arranged first-mortgage financing for two Chicago-area real estate transactions. Erik Kunz secured financing of $4 million for Calumet Business Park, a 225,000-square-foot industrial property located in Chicago. Financing was arranged through American Equity, and based on a 10-year term with a 25-year amortization schedule. In Homer Township, Ill., Kunz arranged $3.23 million for Bell Tower Plaza, a 37,023-square-foot retail property. The 15-year loan amortizes over 15 years, and was arranged for the borrower, a local investment group, by NorthMarq through its correspondent relationship with Columbian Mutual.
FRASER, MICH. — Troy, Mich.-based L. Mason Capitani has facilitated the sale of a 39,286-square-foot industrial building located at 17000 Fifteen Mile Rd. in Fraser for $675,000. The buyer, Bulldog Document Storage, acquired the property in order to expand its shredding and storage operations. Joseph DePonio and Jason Capitani of L. Mason Capitani represented both the buyer and seller in the transaction.
PORTLAND, ORE. — ProLogis has leased Building 4, a 246,000-square-foot industrial facility, to CNH Parts Service, the product support business of agricultural and construction equipment maker CNH Global. The space is located at ProLogis Park PDX, which is located near the intersection of Interstate 84 and Northeast 148th Avenue in Portland. This lease brings the 500,000-square-foot facility to full occupancy. CNH plans to use the space to distribute replacement parts and serve more than 130 New Holland, Case IH and Case Construction equipment dealerships in the Pacific Northwest. Additional terms of the transaction were not disclosed.
CHARLOTTE, N.C. — Charlotte-based Tri-Tech has purchased an 18,380-square-foot warehouse from Peachtree LLC for an undisclosed amount. The property, which is located at 200 Peachtree Rd. in Charlotte, will serve as Tri-Tech’s new home. Charlotte-based Keystone Partners’ Brad Cherry and Pete Pittroff represented the seller. Kent Lamm of Charlotte-based Percival McGuire Commercial Real Estate represented Tri-Tech.
KNOXVILLE, TENN. — American Bottling Group has leased 45,750 square feet of space from Knoxville, Tenn.-based OCHO Co. The property is located at 2000 Shopper Lane in Knoxville. Baker Realty Co. of Knoxville’s Bob Thornton represented the tenant in the industrial lease.
EARTH CITY, MO. — The air conditioning company Trane US has leased 74,400 square feet from Duke Realty Corp. in its Corporate Trail Distribution Center. The 248,000-square-foot property is located 3655-3673 Corporate Trail in Earth City. The property includes 26 trailer parking spaces, 20 dock doors and 32-foot ceiling clear heights. S.P. Richards also resides in the building, which has 49,000 square feet of space available. Cushman & Wakefield’s Bob Sheehy and Gateway Commercial’s Joe McGauley represented the tenant. Jon Hinds provided in-house representation for Duke.