MALTA AND STILLWATER, N.Y. — GLOBALFOUNDRIES has purchased 223 acres of land at the Luther Forest Technology Campus. The land was purchased to construct Fab 2, with space remaining to develop two additional fabs. Luther Forest Technology Campus, located in New York’s Tech Valley and spans Stillwater and Malta, comprises 1,414 acres of shovel ready sites designed for semiconductor and nanotechnology manufacturing and other innovative industries. The campus will be home to GLOBALFOUNDRIES’ state-of-the-art 300 mm fabrication facility, which is slated to begin construction in summer 2009 with a completion in 2012. The remaining land at the campus will be divided into nine development areas with lot sizes ranging from 65,000 to one million square feet.
TINTON FALLS, N.J. – The Sudler Companies has renovated a 20,000-square-foot office, light industrial and flex property located at 45 Park Rd. within Sudler’s Corporate Park in Tinton Falls. Renovations included an open floor plan, landscaped grounds, a new roof, new mechanical systems and bathrooms, new electric service of 800 AMP, a new exterior façade with tinted windows and a new parking lot. Immediate occupancy will be available in July.
HOUSTON — Stream Realty Partners has announced that FedEx SmartPost has signed a lease for approximately 85,000 square feet at The Hardy Distribution Center, located in Houston. FedEx SmartPost plans to move into the center in a few months. Justin Robinson and Kyle Valentine of Stream Realty Partners represented the landlord, ING Clarion Partners, and John Beggy and Chris Perkins of Fischer & Co. represented FedEx SmartPost in the lease negotiations.
CARROLLTON, TEXAS — Dallas-based Lee & Associates arranged a lease for 126,882 square feet on behalf of Hilex-Poly. ProLogis owns the property, which is located at 1440 LeMay in Carrollton. Conrad Madsen and Greg Nelson of Lee & Associates represented the tenant, and Jacob Milligan provided in-house representation for ProLogis. Lee & Associates also represented Tao Tao USA in its lease of 71,498 square feet in Carrollton. The company leased space at Trinity Mills Distribution Center #7, which is located at 2425 Camp Ave. Lee & Associates’ Madsen and Nelson again represented the tenant and Mitch Pruitt offered in-house representation for ProLogis.
VIRGINIA BEACH, VA. — Global Supply Solutions has leased 40,000 square feet of office and warehouse space at 1569 Diamond Springs Rd. in Virginia Beach. The firm is expanding from a previous 12,400-square-foot lease. John Lee of Virginia Beach, Va.-based John Lee & Associates represented the landlord, and Chip Worley of Norfolk, Va.-based Harvey Lindsay Commercial represented the tenant.
YORK AND WILKES-BARRE, PA. — York-based ROCK Commercial Real Estate has completed three sales in eastern Pennsylvania. In York, ROCK represented both parties in the sale of the historic Rosenmiller mixed-use building, located at 33-41 W. Market St. The building contains 25,762 square feet. The buyer was 33-41 West Market Street LP. In Wilkes-Barre, ROCK again represented both parties in the sale of a 14,548-square-foot warehouse located at 705 Casey Ave. The buyer was Post Family LP. Finally, ROCK represented both parties in the sale of a 4,888-square-foot warehouse, located at 300 Shady Lane in York. The buyer was Shady Lane Partners LLC. The sellers in all three transactions were not disclosed.
GOLDEN, COLO. — MW Real Estate has purchased a 13,705-square-foot industrial building, which is situated on 44,930 square feet of land in Golden. Located at 13050 W. 43rd Dr., the property sold for $1.35 million. Chris Ball and Esther Kettering of Fuller Real Estate brokered the transaction.
PLAINFIELD, IND. — Rolls-Royce Corp. has signed a lease for 37,148 square feet of industrial space at MetroAir Business Park, located in Plainfield. The company will lease a portion of the MetroAir Three building, which is located at the intersection of Stafford Road and Ronald Reagan Parkway, as a production facility for aircraft components. The approximately 35,000 square feet of manufacturing space will include seven overhead cranes, one floor-mounted crane, and climate control systems for air conditioning, humidity and compressed air. The tenant space will also include 3,000 square feet of office space. Patrick Lindley of the Indianapolis office of Colliers Turley Martin Tucker represented Rolls-Royce in lease negotiations. Rolls-Royce will become the second tenant at the 248,336-square-foot MetroAir Three building, bringing occupancy up to 55 percent. MetroAir Business Park, which is owned jointly by Indianapolis-based Horn Properties and McShane Development Co., is a 775,000-square-foot, multi-tenant industrial park.
NEW YORK CITY — NAI Friedland Realty has completed the $20 million sale of a 144,000-square-foot warehouse. Located at 1080 Leggett Ave. in the Hunts Point area of the Bronx in New York City, the warehouse was purchased from Paradise Foods by Manhattan Beer Distributors. Situated on 4.9 acres, the 1950s warehouse features 22-foot high ceilings and is in close proximity to area highways and transportation, and it is adjacent to an active rail site. Steve Kornspun of Friedland represented Manhattan Beer in the transaction.
ISLIP, N.Y. — The Silver Group has completed the sale of a 45.9-acre tract of land with 575,000 square feet of buildings in Central Islip. The seller first acquired the property in 2001, which was used as a distribution facility for all Waldbaum Supermarkets on Long Island. The property was purchased by Sysco Foods for $34 million.