EL SEGUNDO, CALIF. — Peter Yousefi and Jeremy Jurow of NAI Capital represented the For Stars Catering Inc. in the disposition of a 12,319-square-foot industrial building, which is located at 215-233 California St. in El Segundo. CRS LLC and Stuart Sackley purchased the property for $3.55 million. The buyers plan to redevelop the property into eight to 10 loft-style units with creative office space and garages for sale. Bill Ruane and Matt Crabb of RE/MAX Beach Cities represented the buyers in the transaction.
HOUSTON — First Industrial Realty Trust has sold a 191,537-square-foot industrial building to TA Associates Realty. The facility is located at 8705 City Park Loop East in Houston. Doug Nicholson and John Nicholson of Grubb & Ellis Co. represented the seller.
CORPUS CHRISTI, TEXAS — Josh Gaines of NAI Cravey Real Estate Services has represented both the buyer and the seller in a two-building transaction in Corpus Christi. The sale included a 12,500-square-foot office/warehouse building and a 10,250-square-foot retail building located on 5.35 acres at 585 South Padre Island Dr. RSC Equipment Rentals currently occupies the space. Both the buyer and the seller were private investors.
DALLAS — Trammell Crow Company (TCC) has broken ground on an 887,810-square-foot speculative industrial facility in Dallas. Located at the crossroads of Interstates 20 and 35, the building is expected to be complete by the fourth quarter of this year. The facility, which is Phase II of a 100-acre distribution park, sits on 55 acres. CB Richard Ellis is handling the leasing and marketing of the property.
NORTH LAS VEGAS, NEV. — The Las Vegas division of Panattoni Development Co. has completed the selling and leasing of Cheyenne Industrial Center in North Las Vegas. Located at the corner of Cheyenne Avenue and Marion Drive, the 492,500-square-foot industrial center is now 100 percent occupied. Alpha Engineering served as engineer for the project; BJG Architecture provided architectural services and Tectonics Design Group completed tenant improvements.
TEMECULA, CALIF. — The PRES Companies has completed the disposition of three industrial buildings, which are located within its newly completed Temecula Corporate Center in Temecula. Garmon Corp. purchased the buildings, which total 38,500 square feet, for an undisclosed price. Located at 27461, 27497 and 27503 Via Industria, the buildings are situated within Temecula’s premier business park, Westside Business Center. Rob Gunness, Dan Yeilding, Scott Stewart and Mike Williams of CB Richard Ellis’ Temecula office are the exclusive marketing and sales agents for the property.
GRAND RAPIDS, MICH. — Burger Easton & Co. has completed the acquisition of a 949,684-square-foot warehouse/distribution facility located at 1040 40th St. in Grand Rapids. David Wax of Burger Easton represented the buyer, Minneapolis-based Diversified Distribution Systems. John Kuiper of Grubb & Ellis/Paramount represented the seller, Ashley Capital. The acquisition price was not disclosed, but the property listed for $14.24 million.
WILMINGTON AND MANSFIELD, MASS. — The Stubblebine Company has negotiated two industrial leases in Wilmington and Mansfield. The Wetmore Co. signed a long-term lease for 88,000 square feet of space in an industrial building located at 326 Ballardvale St. in Wilmington. The facility is owned by RREEF. In Mansfield, DGS Retail signed a long-term lease for 57,400 square feet of industrial space at 60 Maple St. The facility, which is owned by Calare Properties, is close to the intersection of I-495 and I-95. James and David Stubblebine and Matt Wolfe of Stubblebine represented DGS, and Calare was represented by Stefan Frey, Jim Thomson and Austin Smith in the transaction. James and David Stubblebine also represented Wetmore, and Tom Aitken of Grubb & Ellis and Steve James of NAI Hunneman represented RREEF, in the lease negotiations.
EXETER AND NORTH HAMPTON, N.H. — Fantini & Gorga have arranged $7.8 million in financing for McFarland Ford in Exeter and Hampton Ford & Hyundai and the Sunbelt Rental building in North Hampton. McFarland Ford is a 28,000-square-foot property located on Route 108. Hampton Ford & Hyundai is situated on the northbound side of Route 1 on 9 useable acres. It contains two buildings totaling 67,300 square feet of space. The third property features 20,300-square-foot building set on a 3.21-acre industrially zoned parcel. The building is fully leased to Sunbelt Rentals. The borrower was undisclosed.
CHATSWORTH, CALIF. — Tim Foutz of NAI Capital’s Encino, Calif., office represented Parker Industrial Properties in the disposition of a 50,620-square-foot industrial building, which is located at 20630 Nordhoff St. in Chatsworth. 20630 Nordhoff LLC purchased the property for $6.8 million. The buyer plans to occupy the research and development building. Jesse Laikin of Lee & Associates represented the buyer in the transaction.