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.
WOODSTOCK, ILL. — Chicago-based Paine/Wetzel • ONCOR International has completed the sale of a 15,000-square-foot industrial building in Woodstock. The property is situated on a 1.2-acre site at 1991 Duncan Place. The buyer, Ortho Molecular Products, plans to convert the facility into a corporate office building. As part of the transaction, Ortho has the option to purchase an adjoining 1.2-acre site. G. Pat Ryan of Paine/Wetzel represented the seller, RK LLC. Mike Adams of Colliers Bennett & Kahnweiler represented Ortho.
RIVERWOODS, ILL. — Podolsky Northstar / CORFAC International has brokered the acquisition of a truck terminal in Riverwoods on behalf of Quincy, Ill.-based Gully Truck Leasing. The terminal includes a 7,823-square-foot truck terminal situated on approximately 3 acres as well as a 4.5-acre undeveloped land parcel for future expansion. Gully plans to use the facility to expand its operations into the Chicago metro area. It currently has terminals in Quincy, St. Louis and Kansas City. Corey Chase of Podolsky Northstar represented Gully. Rick Daly of Darwin Realty & Development Corp. represented the seller, BMW Venture LLC.
WEST DEPTFORD, N.J. — Jackson Cross Partners / ONCOR International (JCP) has completed the acquisition of a 107,200-square-foot industrial property located at 1230 Forest Ave. in West Deptford. The buyer, Englewood Tire Distributors, plans to renovate the facility before using it as a distribution center for the Southern New Jersey, Eastern Pennsylvania and Delaware markets. JCP's Harry McKenna, Jim Young and Lou Battagliese represented Englewood Tire Distributors in the transaction. The seller was Goya Foods.
OKLAHOMA CITY — Oklahoma City-based Sperry Van Ness – William T. Strange & Associates (SVN) has completed the sale of the AT&T Warehouse located in Oklahoma City for $3.7 million. Located at 607 N. Miller Blvd., the warehouse totals 125,000 square feet and has been occupied solely by AT&T for more than 12 years. Brett Price and Tim Strange of SVN negotiated the deal between the buyer, a California-based investment group, and the seller, locally based Bell Investments.