DALLAS — Lee & Associates DFW has arranged the sale of an 11,700-square-foot industrial building located at 2324 Fabens Rd. in Dallas. Nathan Denton and Hanes Chatham of Lee represented the seller, Max Tech, and the buyer, Fargo Consultants. The acquisition price was not disclosed.
Industrial
RENO, NEV. — Chesapeake Real Estate Investors, a fund managed by Legg Mason, has acquired Brookside Corporate Center, a 261,296-square-foot industrial complex located in Reno. Scannell Properties sold the three-building portfolio for $20.7 million. At the time of acquisition, the newly constructed property was 43 percent occupied. Aiman Noursoultanova of CB Richard Ellis represented the seller in the transaction.
CARSON, CALIF. — Brad Mahoney and Lane Schwartz of Marcus & Millichap have represented the undisclosed seller in the disposition of an industrial office warehouse property in Carson. An undisclosed buyer purchased the 18,647-square-foot property for $2.4 million. Built in 1961, the property is located at 18220 S. Broadway St.
SAN DIEGO — Sanison LLC has acquired two flex units totaling 4,630 square feet from Green Arrow LLC for $1.25 million or $270 per square foot. The units are located within the 155,000-square-foot industrial/R&D development Kearny Mesa Complex at 8975 Complex Dr., Units 4-1 and 4-4 in San Diego. Doug Works and Bill Dolan of CB Richard Ellis represented the seller; Ryan Bracker and Jon Boland of Voit Commercial represented the buyer in the transaction.
BELCAMP, MD. — Bill Pellingon of CB Richard Ellis has represented Preston Waters/Urdang Capital in leasing 538,000 square feet of space within an 800,000-square-foot distribution facility to Procter & Gamble. The 30-foot clear tilt-up distribution building, which is located at 4608 Appliance Dr. in Belcamp, sits on 46 acres. As part of the long-term lease agreement, Procter & Gamble has the option to expand to the full 800,000-square-foot facility. Procter & Gamble, which was represented by Colliers International, has leased the space in order to consolidate its regional distribution operations.
SHEPHERDSVILLE, KY. — Crossdock Development has leased 404,000 square feet of industrial space within the Cedar Grove Business Park in Shepherdsville to Alliance Entertainment. The Kentucky Economic Development Authority has granted Alliance Entertainment preliminary approval for $1.5 million in state tax incentives for up to 10 years. Alliance Entertainment’s new distribution center, which will add 365 full-time jobs to the area, will process 200 million DVDs, CDs, magazines, video games and books annually for retailers throughout the nation. Crossdock Development will add 260,000 square feet of rentable space to the $30 million bulk facility this fall.
KENOSHA, WIS. — Grubb & Ellis Co. has represented Gordon Food Service in the acquisition of two sites totaling 135 acres of industrial land located near Interstate 94 in Kenosha. Gordon Food Service will build a 480,000-square-foot freezer/cooler and dry storage distribution facility on the site. The city is providing funding to complete significant infrastructure improvements, which includes roads and utilities. Chuck King, Matt Mulvihill, Frank Griffin, Dominic Carbonari and Greg Wernisch of Grubb & Ellis represented Gordon Food Service in the transaction. The acquisition price was not disclosed.
EAST RUTHERFORD, N.J. — AMB Property Corp. has leased AMB Franklin Commerce Center, a 239,000-square-foot industrial facility located in East Rutherford, to Quebecor World Logistics. The facility is situated in a business park off of Exit 12 of Interstate 287, a major thoroughfare that forms a partial beltway around New York City. Quebecor is using the facility to expand its Northeast operations. Joel Rubin and Rob Kossar of Jones Lang LaSalle represented AMB. Jon Tesser of Colliers Houston & Co. and Steve Levitas of Colliers Bennett & Kahnweiler represented Quebecor World Logistics. Terms of the lease were not disclosed.
TAMPA, FLA., AND DURHAM, N.C. — The Tampa office of Studley has represented Creative Recycling Systems in signing three leases for industrial space in Tampa and Durham. In Tampa, the company has signed a lease for an additional 25,000 square feet of space at its headquarters, which is located at 8108 Krauss Blvd. Another 29,000 square feet of industrial space was also leased by the company at 1831 Massaro Blvd. The landlord, Weingarten Realty Investors, was represented in-house. In Durham, the company has added 29,100 square feet to its operation located at 619 Distribution Dr. within Keystone Park. The landlord, Liberty Property Limited Partnership, was represented by Ed Brown of NAI Carolantic Realty. Creative Recycling Systems will move into its expanded spaces this month.
FARMINGTON HILLS AND WESTLAND, MICH. — Pogoda Cos. has renovated and re-branded two former Fort Knox self-storage properties as National Storage Centers in Ann Arbor and Westland. The $600,000 renovations include newly paved parking areas, painting and office improvements. Located at 870 Jackson Rd., the 90,765-square-foot National Storage Center of Ann Arbor contains 85 units. The 66,725-square-foot National Storage Center of Westland, which is located at 39205 Ford Rd., contains 538 units. Farmington Hills, Mich.-based Pogoda was retained by Westland/A2 LLC, the owner of both properties.