VANCOUVER, WASH. — Precise, a local precision grinding company, has purchased an industrial building, which is located at 5600 NE 121st Ave. in Vancouver. California-based Elixir Industries Inc. sold the property for $4.22 million. Precise plans to move into the facility in May and market approximately 25,000 square feet for lease. Garret Harper of NAI Norris, Beggs & Simpson represented the buyer in the transaction.
AURORA, ILL. — A joint venture between Chicago-based companies Bridge Development Partners and Wrightwood Capital has signed the first lease at Park Butterfield, a two-building, 412,177-square-foot industrial property located at 3565 and 3557 Butterfield Rd. in Aurora. Cano Container Corp. will occupy 32,500 square in the property’s 176,098-square-foot building. The other building in Park Butterfield totals 236,079 square feet. Both buildings, which are used for distribution and light assembly, feature 30-foot clear ceiling heights, multiple drive-in docks, up to 43 dock doors per building, up to 39 truck parking spaces per building and a total of 393 car parking spaces. Cano Container Corp. is expanding from its current location at 2300 Raddant Rd., also in Aurora.
ASTON, PA. — Colliers Lanard & Axilbund (CLA) has brokered the sale of the former Greif Inc. property, an approximately 145,000-square-foot industrial property located at 3033 Market St. in Aston. The building is situated on a 17-acre site and was vacated by Delaware, Ohio-based Greif in the third quarter of 2008 following a consolidation of facilities. It was purchased by XP Properties, which plans to lease the entire facility to Priority Archives, Priority Shred and Priority Express Courier. CLA, along with the Columbus, Ohio, office of Colliers Turley Martin Tucker, represented the seller. The buyer was represented by Chadds Ford, Pa.-based Brandywine Financial. The acquisition price was not disclosed.
HOUSTON — A joint venture between McShane Development Co. and MetLife Real Estate Investments has completed Guhn Road Distribution Center, a 253,838-square-foot industrial facility located in Houston. The property is situated on 14 acres at the intersection of Guhn and Northcourt roads. It features 30-foot clear ceiling heights, 68-foot staging bays, 53-foot by 50-foot bays, 52 external truck docks, four drive-in doors and can accommodate multiple users from 40,000 square feet. The Houston office of Cadence McShane Construction provided design-build construction services for the project. Munson Kennedy provided architectural services. Locally based Stream Realty Partners will be leasing the property.
ARLINGTON, TEXAS — Dallas-based Henry S. Miller Brokerage (HSMB) has completed a lease for 186,344 square feet, located at 2400 Centennial Dr. in Arlington. The space will be occupied by Flex-N-Gate Texas, which will use it as manufacturing space. The company had previously been subleasing the space since 2005. HSMB’s Pete Richardson and Drew Richardson represented the tenant in lease negotiations.
PERSON COUNTY, N.C. — With the help of Raleigh, N.C.-based Progress Energy, Carolina Solar Energy will develop a solar PV facility on 4 acres of land in the Person County Business and Industrial Center, located on U.S. 501 in Person County. The facility will be used to manufacture 837,000 kilowatt-hours of solar energy during its first year of production. Carolina Solar started planning the project last year in response to Progress Energy’s call for renewable energy proposals.
CHARLOTTE, N.C. — Falls Church, Va.-based Toshiba America Nuclear Energy Corp. will open a national project management and engineering center in Charlotte. The firm markets advanced boiling water nuclear reactors among other construction and engineering products associated with nuclear reactors. To help launch this new facility, the state has awarded Toshiba America, which is gearing up for the planned construction of two nuclear reactors in Houston, a job development investment grant. The $2.8 million facility is expected to generate 194 new jobs. Details of the project have not been announced.
MERRILLVILLE, IND. — Chicago-based Paine/Wetzel • ONCOR International has brokered the sale of a 65,000-square-foot industrial building, located at 880 E. 99th Court in Merrillville. Situated on 5.8 acres, the building fronts Interstate 65. It was acquired by Profab Corp., which is relocating from a facility in Lombard, Ill. Paine/Wetzel’s Adam Karras represented the buyer; Lou DeSanto, also of Paine/Wetzel, represented the seller, Holladay Properties. The acquisition price was not disclosed.
PEARLAND, TEXAS — Eagle Hangers has opened a 90,000-square-foot warehouse facility, located at 8101 Fite Rd. in Pearland. Eagle is one of the nation’s largest manufacturers of steel wire garment hangers. The new facility will serve as the company’s headquarters.
CITY OF INDUSTRY, CALIF. — Dedeaux Properties LLC has completed construction of Nogales Street Business Center, a four-unit, 71,460-square-foot multi-tenant industrial building in City of Industry. Yotrio Corp., a manufacturer of patio furniture, has signed a 5-year lease for a 20,933-square-foot space at 708 Nogales St. Brett Dedeaux, Mark Repstad and Rustin Mork of Binswanger/Realty Advisory Group represented the landlord; Chris Tolles, Robin Dodson and Erik Larson of Cushman & Wakefield represented the tenant in the transaction.