CARLSBAD, CALIF. — Public Storage Inc. has purchased Carlsbad Village Self Storage, a 1,107-unit self-storage facility in Carlsbad. Located at 3235 Tyler St., the 109,535-square-foot, three-level property features 68 exterior drive-up units and 1,039 interior units. Granite Investment Group sold the property, which was constructed in 2004. Greg Wells, Steve Rowland and Michael Roberts of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
BERKLEY HEIGHTS, N.J., AND KINGSTON, N.Y. — The Hampshire Companies has purchased a self-storage property in Berkley Heights, and announced plans to develop a retail building in Kingston. The 98,170-square-foot self-storage facility is located at 310 Snyder Ave., and was acquired from Tuckaway Mini Storage. The 8,400-square-foot retail building will be located at 539 Albany Ave., and will be occupied by Quick Check Corp., which signed a long-term lease. The transactions were made on behalf of Hampshire Partners Fund VII, the company’s real estate investment fund.
LAS VEGAS — EJM Development Co. has developed Building 21 in its 110-acre master-planned Arrowhead Commerce Center in Las Vegas. Located at 3755 E. Post Rd., the 148,000-square-foot, cross-docked industrial property offers high image office/warehouse space divisible to 15,681-square-foot units, and features a state-of-the-art ESFR fire-suppression system. Additionally, the facility features a 30-foot clear height, 61-foot deep concrete truck aprons, 9-foot by 10-foot dock-high loading doors and 12-foot by 14-foot grade-level loading doors. LM Construction served as general contractor and RGA Architects provided architectural services for the project. Spencer Pinter of Colliers International is leasing the property.
EL SEGUNDO, CALIF. — The Wiseburn School District, one of Los Angeles’ few remaining small school districts, has acquired an industrial building, which is located in El Segundo Industrial Park in El Segundo. Located at 2330 Utah Ave., the school district plans to convert the property into its new headquarters. First Industrial Investments Inc. sold the 28,182-square-foot property for $6.55 million. The district’s current headquarters at 13530 Aviation Blvd. will be razed and turned into playing fields for Dana school and the surrounding community. William Goodglick of The Goodglick Company represented the buyer; The Fischer Company represented the seller in the transaction.
INDIANAPOLIS — Investment Strategies of Indianapolis has sold its 3,834-square-foot industrial facility in Northwest Indianapolis to Gary Theaodis Jr. for $335,000. Situated on 1.23 acres of land, the building is located at 4010 Guion Rd. Jeffery Baumgartner of Coldwell Banker Commercial Realty Services’ Indianapolis office represented the seller; Adam Stephenson of Summit Realty Group represented the buyer.
DALLAS — The Dallas office of Hines has purchased two warehouse buildings, located at 4050 and 4055 Corporate Dr. in the Dallas/Fort Worth Airport East submarket, on behalf of Hines REIT. The properties comprise 4050 Corporate Dr., which contains 441,068 square feet of industrial space, and 4055 Corporate Dr., which contains 202,361 square feet. Also included is an 831-vehicle surface parking lot. The properties are fully occupied by a tenant roster that includes Kay Chemical, FleetPride Corp., Verizon Communications and John H. Harland/Harland Clarke. Both properties are located within the 180-acre DFW Trade Center office and distribution park. Hines acquired the properties from Dividend Capital Trust for an undisclosed amount.
DFW AIRPORT, TEXAS — A partnership between Seefried Industrial Properties and AMB Property Corp. has completed a 400,000-square-foot building, located at 1901 W. Airport Dr. on the grounds of Dallas/Fort Worth International Airport, for CEVA Logistics. The facility, which is situated on 21 acres, includes a two-story, 35,000-square-foot office area, as well as tri-dock warehouse space. CEVA Logistics will use the new facility to consolidate its existing area operations.
BRIDGEVIEW, ILL. — John Abuja of Marcus & Millichap’s Downtown Chicago office represented both parties in the sale of a 157,593-square-foot industrial building located at 7400 West 110th Place in Bridgeview. After 11 offers, the facility that is located only 13 miles from downtown Chicago, sold for 98 percent of the listing price.
GLENDALE, CALIF. — Rexford Industrial LLC has acquired a 57,900-square-foot industrial building, which is located at 700 Allen Ave. in Glendale. Valued at $6.15 million, the transaction comprises the property situated on 1.35 acres and a 36-car parking lot. Grant Products, a manufacturer of steering wheels and automotive accessories, has occupied the entire building since the mid-1970s. Peter Castleton of Voit Commercial Brokerage represented Rexford and the seller, Peterson Family Trust, in the transaction.
PHILADELPHIA — Woodbridge, N.J.-based Onyx Equities has sold an 84,471-square-foot warehouse and distribution facility located at 3501 Island Ave. in Philadelphia. The property, which was formerly occupied by BOC Gases, features 19,000 square feet of office space, 24-foot clear ceiling heights, 10 tailgates, one drive-in door and expansion capability. Onyx was represented by Daniel Loughlin, Brian Knowles, Harry Thomes and Jon Compitello of The Staubach Company. The property was acquired by a Philadelphia-based real estate company for an undisclosed amount.
