DELMAR, MD. — Kraus Development, a subsidiary of Baltimore-based Leonard Kraus Co., has purchased a Delmar warehouse from an undisclosed seller for an undisclosed price. The property, located at 503 S. Maryland Ave., can be broken up into units ranging from 6,375 square feet to 50,000 square feet. This gives the space a variety of loading configurations, office spaces and ceiling heights. John McClellan of Salisbury, Md.-based Sperry Van Ness – Miller Commercial Real Estate brokered the sale.
FORT WORTH, TEXAS — SERVPRO of Lake Arlington has acquired a 24,272-square-foot office/warehouse flex building, located at 4809 Century Dr. in Fort Worth. The company plans to relocate its headquarters to the new, larger facility. Jim Hazard and Todd Hawpe of Henry S. Miller Brokerage represented SERVPRO of Lake Arlington in the transaction. The seller, Conti Partners, was represented by J. Searcy and Chris Stewart of Coldwell Banker Commercial | Searcy Vasseur Group. SERVPRO of Lake Arlington is an independently owned and operated franchise of SERVPRO Industries, which provides cleaning and restoration services.
ORLANDO, FLA. — LG Electronics, USA, has signed a lease with TR Crownpointe Corp. for 96,000 square feet of space in an Orlando warehouse. The property is located at 7469 Kingspointe Parkway. Tom McFadden and William Bradford of locally based Southern Commercial Real Estate Advisors represented the landlord, and Susan Ruby of Jones Lang LaSalle’s Orlando office represented LG Electronics.
MENOMONEE FALLS, WIS. — Milwaukee-based Colliers Barry has completed the purchase of a 29,000-square-foot industrial facility located on Hampton Road in Menomonee Falls. James Young of Colliers Barry represented the buyer, John Lin et al. The facility will be occupied by ADE Electronics. The seller was Oldcastle Glass. The purchase price was not disclosed.
WEST ALLIS, WIS. — Brookfield, Wis.-based Grubb & Ellis | Apex Commercial has negotiated the leasing of 42,400 square feet of industrial space, located at 16800 W. Ryerson Rd. in West Allis. The space will be occupied by Tire Centers. The landlord is CenterPoint Properties. Jeff Horn of Grubb & Ellis arranged the transaction.
IRVING, TEXAS — Arlington, Texas-based Bob Moore Construction has completed two speculative distribution centers located in International Commerce Park at DFW Airport in Irving. Twinrose Regent I is a 256,000-square-foot, cross-docked warehouse that is located at 2611 Regent Blvd. It features 30-foot clear ceiling heights, 56 dock doors, 267 car parking spaces, 27 trailer parking spaces and is divisible to 40,000 square feet. Twinrose Regent II is a 60,000-square-foot facility that is located at 2555 Regent Blvd. Both buildings include two-story glass entries for office or reception areas, 50-foot by 50-foot column spacing and a 140-foot truck court. They were developed by Dallas-based Twinrose Development. Twinrose Regent II has already been leased to a single tenant, and Twinrose Regent I currently has 210,000 square feet available for lease.
SAN DIEGO — Stronghold Canyon Development LLC has acquired a 24,319-square-foot industrial/flex building in San Diego’s Scripps Ranch area. Located at 9885 Carroll Canyon Rd., the property, which features 5,000 square feet of office space, sold for $3.8 million. Jonathan Ferrini of Lee & Associates represented the buyer; Bill Dolan and Chris Pascale of CB Richard Ellis represented the seller, S.D. Canyon Road LLC, in the transaction.
BUFFALO GROVE, ILL. — HSA Commercial Real Estate has arranged the sale of a 19,598-square-foot industrial facility, located at 801 Asbury Dr. in Buffalo Grove. The seller, Rasco LLC, was represented by HSA’s Tim Thompson and Paul Broderick. The property was acquired for an undisclosed amount from a private investor group.
LACEY, WASH. — First Industrial Real Trust has completed three distribution centers within First Park Meridian Campus, a 45-acre industrial park located at 9107-9225 Polaris Lane in Lacey. The buildings comprise two 130,500-square-foot distribution centers and one 198,000-square-foot bulk distribution center. All can accommodate a single- or multi-tenant occupancy. First Park Meridian Campus is a six-building, 780,350-square-foot industrial park. All of the buildings are designed to achieve LEED-Gold certification. Sustainable features include energy-efficient lighting and skylights, which come standard in every building. Other features include reflective roofing materials, low-flow fixtures, permeable surface materials, water-efficient irrigation systems, and preferred parking for carpoolers and hybrid vehicles. The project is being developed by FirstCal1, a development and repositioning joint venture between First Industrial and the California State Teachers’ Retirement System.
SPARKS, NEV. — Coral Gables, Fla.-based Thomas D. Wood & Co. has secured a total of $3.96 million in financing for the Cal Linda Freeport flex buildings, located in Sparks. A $3 million loan was secured for 50-360 Freeport Blvd. and a $965,000 loan was secured for 1080 Linda Way and 250 Cal Lane. Both loans carry a 6.5 percent fixed interest rate and a 25-year amortization schedule. Steve Wood of Thomas D. Wood & Co. secured the financing, along with Tony Castrignano of Sky-Mesa Capital. The lender was StanCorp Mortgage Investors.