RICHMOND, TEXAS — Delaware-based PGS Onshore, Inc., has sold an 18,000-square-foot manufacturing facility in Richmond to a private investor. The property is located at 15637 Ennis Rd. John Simons, Michael Palmer and Steve Hesse of CB Richard Ellis (CBRE) represented the seller.
TRACY, CALIF. — US Industrial REIT III, an affiliate of USAA Real Estate Company, has purchased a 657,600-square-foot Class A bulk distribution facility in Tracy. Home Depot USA Inc. currently occupies the facility on a 15-year lease. The facility, a rapid deployment center, features a tri-load design and more than 400 secured and lighted trailer positions. Additional details regarding the transaction were not disclosed.
CHATSWORTH, CALIF. — Chase Nordhoff LLC has completed the disposition of an 18,151-square-foot industrial building in Chatsworth. Located at 21717 Nordhoff St., the property sold to an undisclosed buyer for $2.92 million. Michael LaRocque of DAUM Commercial Real Estate Services represented the seller; Bruce Simpson of Delphi Business Properties represented the buyer in the transaction.
LITHIA SPRINGS, GA. — Sheet music distributor J.W. Pepper has moved into a 75,680-square-foot warehouse in Lithia Springs built by Atlanta-based IDI. The Class A industrial property is located in the WestPoint at Riverside business park. J.W. Pepper bought the build-to-suit warehouse from IDI in April. The company will use the space as its East Coast distribution center.
MIRAMAR, FLA. — Taylor, Mich.-based Hazen Transport has leased 30,720 square feet of warehouse space from Miramar-based Sunbeam Properties. Located at 3350 Executive Way in Miramar, the building is part of the Miramar Park of Commerce. Steven J. Medwin, Harry E. Wardell and Nick Wigoda of Lincoln Property Co.’s Miami office represented the tenant. Maridee Bell and David Bateman served as in-house representation for Sunbeam.
LA PORTE, TEXAS — Moody Rambin Investment Services has completed the sale of the Total Safety industrial building, a 40,000-square-foot property located at 11111 Highway 225 in La Porte. Chris Dray and Derek Hargrove of Moody Rambin represented the seller, MRTS 225 Ltd. The buyer was CTS Venture Fund 09 Ltd., which was represented by Amy Silvey of Clay & Co. The acquisition price was not disclosed.
WAUKEGAN, ILL. — Chicago-based Paine/Wetzel • ONCOR International has brokered a 202,000-square-foot industrial lease in Waukegan. Packaging firm Trifinity Partners will relocate its offices to the new building, located at 3600 Sunset Ave., from its old facility in Baltimore. Whit Heitman and Samuel Badger of Paine/Wetzel represented the landlord, CenterPoint Properties. The two were the sole brokers in the transaction. In addition, Trifinity had recently leased a 131,000-square-foot distribution facility, also located in Waukegan at 3731 Sunset Ave.
DALLAS — Henry S. Miller Brokerage (HSMB) has completed the sale of a 15,900-square-foot industrial building, located at 2303 Shorecrest Dr. in Dallas’ East Brookhollow submarket. The property was acquired by S.V. Hardy LP, which plans to use the building for office and warehouse uses. Chris Armstrong of HSMB represented the seller, Hartnack Investments. The buyer was represented by Jason Moser of Stream Realty.
HAYWARD AND TRACY, CALIF. — Colliers International has completed the transactions of two industrial properties in California. In the first transaction, Mill Valley, Calif.-based GSI Realty has acquired an 113,000-square-foot distribution building in North Hayward for an undisclosed price. Sean Sabarese and Joe Yamin of Colliers’ Oakland, Calif., office represented the buyer; Greig Lagomarsino, also of Colliers Oakland, represented the undisclosed seller in the transaction. In the second transaction, San Francisco-based Lowenberg Corp. purchased a 264,687-square-foot, three-building industrial park in Tracy. A Denver-based REIT sold the Class A multi-tenant property sold for an undisclosed price. Lagomarsino, along with Michael Goldstein and Greg O’Leary of Colliers’ Stockton, Calif., office, brokered the transaction.
WHIPPANY, N.J. — Hartz Mountain Industries has signed a 100,000+ square-foot lease with the Breeze-Eastern Corp., a publicly traded designer of lifting devices for military and civilian aircraft. As part of the long-term lease agreement, the company will move its corporate offices and manufacturing facility to 35 Melanie Lane in Whippany. The move to the Whippany facility is expected to be complete by third quarter 2010. Breeze-Eastern will spend approximately $5 million to build out its new offices.