STOCKTON AND PATTERSON, CALIF. — CB Richard Ellis’ (CBRE) industrial properties consulting team, which consists of Blake Rasmussen, Doug Norton, Kevin Dal Porto, Ryan McShane, Conor Famulener, Tyson Vallenari and Michael Walker, has brokered two industrial transactions in California. In the first transaction, First Industrial Acquisitions Inc. has acquired a 72.16-acre parcel of industrial land located at Arch and NewCastle roads in Stockton. Archtown Properties sold the parcel for an undisclosed price. Rasmussen and Dal Porto represented the buyer. In a separate transaction, HPL Contract purchased an approximately 31,067-square-foot industrial building located within Keystone Pacific Business Park in Patterson. McShane represented the buyer; Rasmussen and Dal Porto represented the seller, Keystone Flex I Associates LLC, in the transaction. The transaction amount was not disclosed.
PORT WASHINGTON, BROOKFIELD AND MILWAUKEE, WIS. — Grubb & Ellis|Apex Commercial has arranged the sale of three industrial facilities totaling more than 400,000 square feet and located throughout Wisconsin. In Port Washington, Jeff Horn of Grubb & Ellis|Apex Commercial has represented both parties in the sale of a 407,000-square-foot facility located at 500 North Spring St. Briggs & Stratton Yard Products Group sold the building to Roadster Port Washington LLC for $1.8 million. Additionally, Horn has represented Capital Partners Group in the sale of an 11,984-square-foot industrial facility located at 3315 North Intertech Dr. in Brookfield. Colliers Barry has represented the buyer, North Eden Properties, which acquired the building for approximately $1.19 million. In Milwaukee, Dan Schroeder of Grubb & Ellis|Apex Commercial has represented Ron D. Haidinger & Suzanne N. Gerstad Haidinger Trust in the acquisition of a 12,400-square-foot industrial building. Half of the facility, which is located at 11011 West Heather Ave., will be available for lease, while the owners will use the other half as a satellite distribution location for automotive parts. David Barry of Colliers Barry has represented the seller, Bismilla LLC, in the transaction.
SOUTHAMPTON, PA. — The Greater Philadelphia office of CB Richard Ellis (CBRE) has brokered the sale of a 33,421-square-foot warehouse/distribution facility located at 99 Buck Rd. in Southampton. Situated on more than 3 acres at the entrance to Veit Industrial Park, the facility features 3,000 square feet of office and showroom space, 16- to 18-foot clear ceiling heights, three tailgates, two drive-in doors, and a fenced yard for additional storage. Christopher Kutzler of CBRE represented the former owner/occupier, ABC Supply Co., which plans to relocate to a new facility in Souderton. Len Redeyoff and Paul Touhey, also of CBRE, represented the buyer, Hubbard Street Realty Trust (HSRT). A subsidiary of HSRT named Harvey Industries will be the new tenant at the facility. The acquisition price was not disclosed.
CARLSBAD, CALIF. — Mercedes-Benz Research & Development has acquired a 34,799-square-foot research and development (R&D) facility in Carlsbad. Located at 2250 Rutherford Rd., the property sold for $6.9 million. The buyer plans to relocate its Irvine, Calif.-based Advanced Design Studio to the new location this month. Currently, Mercedes-Benz Research & Development has three other design studios in Japan, Italy and Germany. David Crabb, Herb Hafter, Jeff Babikian and Roger Carlson of CB Richard Ellis represented the buyer; UL Equis represented the seller, Chrysler LLC, in the transaction.
WARREN, MICH. — Twin Cities-based Welsh Cos. has arranged the acquisition of a vacant 211,750-square-foot industrial building located at 25295 Guenther Rd. in Warren. Two companies have signed leases at the facility, requiring a 22,150-square-foot building expansion. Brose North America has leased 96,250 square feet; Oakley Industries has leased 137,650 square feet. Thomas Schoenberger of Welsh Cos. represented the landlord in the transaction. Neither the acquisition price nor the financial terms of the leases were disclosed.
DALLAS — Denver-based ProLogis has completed 505,000 square feet of industrial leases throughout Dallas area. SpeedFC has leased approximately 270,000 square feet of distribution space at Northgate Distribution Center, which is located near the intersection of Interstate 635 and U.S. Highway 75 in northeast Dallas. Additionally, Siemens Government Services, a wholly owned subsidiary of Siemens AG, has leased approximately 115,000 square feet in Dallas. Finally, CHEP USA has leased approximately 120,000 square feet of distribution space at Dallas Corporate Center, which is located at the intersection of interstates 635 and 35E near Dallas-Fort Worth International Airport. Terms of the leases were not disclosed.
HENRICO COUNTY, VA. — McKenny Land Co., an industrial real estate investment company, purchased the 14,600-square-foot property at 6700 Janway Dr. in Richmond, for $1.2 million. Millard F. Jones, II, of Thalhimer negotiated the sale on behalf of the Louisiana-based Royal Oldsmobile Company. The property, a former body shop, was purchased as an investment.
FAIRFIELD, OHIO — Nagoya, Japan-based Takumi Stamping, a producer of small metal stamped auto parts, has broken ground on a 120,000-square-foot manufacturing facility located at 8585 Seward Rd. in Fairfield. The new facility will produce parts for all Toyota vehicles manufactured in the United States. Bunnell Hill Construction will develop the 18-acre site, which was purchased by Takumi Stamping from Bunnell Hill Development Co. Henkle Schueler & Associates represented the buyer in the transaction. The acquisition price was not disclosed.
CORPUS CHRISTI, TEXAS — Corpus Christi-based NAI Cravey Real Estate Services has brokered the sale of an approximately 43,525-square-foot industrial building located in Corpus Christi. Situated on 5.28 acres at 5655 Bear Lane, the facility was previously occupied by Texas Airsonics. It is now used as the international headquarters for Magnum Oil Tools International. Matthew Cravey of NAI Cravey represented the seller, Bear Street Associates. Josh Gaines, also of NAI, represented the undisclosed seller
ATLANTA — Bucky Winfield of Atlanta-based Richard Bowers & Co. brokered Meritex Marietta’s purchase of a 168,000-square-foot industrial space in Marietta, Ga. The property, located at 1700 and 1750 Enterprise Way, was acquired from 1700 Enterprise Way, L.P., and Sullivan 75, L.P. Meritex acquires and develops institutional grade industrial properties.