FAIR LAWN, N.J. — Mark Tannen and Dorothy Chuang of CB Richard Ellis have completed the sale of an industrial building in Fair Lawn. The facility is located at 4-01 Banta Place and encompasses 18,000 square feet. The building was vacant at the time of the sale. Chuang represented the buyer, an undisclosed Chinese firm, and Tannen represented the seller, the Weidner Family Partnership, in the transaction. The price was undisclosed.
ESCONDIDO, CALIF. — Pacific Realty Advisors is developing Harmony Grove Industrial Park, a 36,500-square-foot industrial park located at 1291 Pacific Oaks Pl. in Escondido. With completion slated for June, the multi-tenant project features suites ranging in size from 1,219 to 2,198 square feet, with the option to combine spaces. The separately metered warehouse units also feature grade-level truck doors. Kenneth D. Smith Architects provided architectural services for the project; Kenard Construction is serving as general contractor. Matt Strockis and Eugene Marini of Cushman & Wakefield are marketing the project.
SAN DIEGO — LDF LLC, a manufacturing company, has acquired a 23,568-square-foot industrial building for $3.9 million. Innovative Oil & Gas Development & Trading sold the property, which is located at 8710 Avenida de la Fuente in San Diego’s Otay Mesa area. Allen Evans of CB Richard Ellis represented the buyer; Robert Mooney of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
CHICAGO — Chicago-based Wrightwood Capital has purchased an approximately 349,000-square-foot manufacturing and distribution building located at 2500 W. Bradley Place in Chicago. The building features 66,000 square feet of office space, and is leased to tenants such as Bodine Electric, Alstyle Apparel, Heltzer and the city of Chicago. The transaction was arranged by Josh Mintzer of Saxony Capital. Ronan Remandaban of Lee & Associates will handle leasing for the remainder of the building. The acquisition price, as well as the seller, was undisclosed.
SOUTH BRUNSWICK, N.J. — An undisclosed major fashion retailer has leased a 418,000-square-foot industrial building in South Brunswick. Located within the Exit 8A submarket at 329 Herrod Blvd., the industrial facility includes 52 exterior cross-dock and two drive-in loading doors, 100 trailer parking positions and 28-foot clear ceilings. JRT Realty Group and Cushman & Wakefield represented the property owner, TIAA-CREFF in the lease, and David Cantor of Team Resources represented the new tenant.
VICTORVILLE, CALIF. — Stirling Capital Investments has completed its fourth industrial building at the Southern California Logistics Centre (SCLC) in Victorville. The center, known as Distribution Centre 13A, consists of 296,490 square feet of industrial space. Located on a 17-acre site, the cross-docked facility features 32-foot clear height ceilings, ESFR sprinklers, 112 dock high loading doors, 147 truck trailer parking spaces and 164 automobile parking spaces along with a 185-foot concrete truck yard. Additionally, the building was designed for LEED certification and includes skylights and energy efficient lighting. The building is part of the 6.5 million-square-foot first phase of SCLC. Jay Dick, Darla Longo and Mark Latimer of CB Richard Ellis are marketing the facility.
DETROIT — Southfield, Mich.-based Signature Associates has arranged the sale of a 160,000-square-foot industrial property located at 4600 Nancy St. in Detroit. Chris Monsour and Paul Saad of Signature represented the seller, Lear Corp., as well as the buyer, R.H. Holdings. The acquisition price was not disclosed.
PLEASANT PRAIRIE, WIS. — Chicago-based Paine/Wetzel • ONCOR International has brokered a 108,439-square-foot lease to Fidelitone Logistics. The logistics company will be relocating to 8505 100th St. in Pleasant Prairie. Prior to signing the lease, it was located at 1260 Karl Ct. in Wauconda, Ill. Whit Heitman and Samuel Badger of Paine/Wetzel represented the building owner, CenterPoint Properties; Fidelitone was represented by Dan Jones and Dan Bennassi of Entre Commercial Realty.
HOUSTON — Tracer Construction Co. has purchased a 22,936-square-foot spec manufacturing building, located at 1102 W. Eighth St. in Seaco Business Park in Houston, from Stonebridge Real Estate Development & Investments. Bill Rudolf and Gray Gilbert of CB Richard Ellis represented the buyer. John Ferruzzo, Chris Caudill and Joel Michael of NAI Houston represented the seller.
FERNLEY, NEV. — Sacramento, Calif.-based Panattoni Development Co. has completed work on a 337,500-square-foot facility in Fernley. Located at 2375 E. Newlands Dr., the 20-acre lot accommodates space for storage of fencing, decking and railing products. The facility was built for Trex, a national producer of composite decking, railing and fencing.