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.
HOLLYWOOD, MIRAMAR AND WEST PARK, FLA. — Hollywood Warehouse Capital Partners has purchased an 80,383-square-foot warehouse portfolio, including properties in Hollywood, Miramar and West Park, from W&W Properties, for $6.4 million. The Hollywood properties are located at 5780, 5746 and 5624 Plunkett St.; 5790 and 5751 Rodman St.; and 5765 Funston St. The Miramar property is located at 3190 S. State Road 7, and 5851 S.W. 25th St. is located in West Park. Ryan Nee of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller, and Greg Zeifman of its Miami office represented the buyer.
COLUMBUS, OHIO — Hillwood has acquired three industrial buildings totaling more than 750,000 square feet from ODW Logistics in a sale/leaseback transaction. The portfolio of properties is located on Williams Road in Columbus. ODW built each of the facilities and will continue to operate them as part of an 83-acre campus totaling more than 1.5 million square feet. Hillwood was represented in-house by Chad Cook; ODW was represented by Al and Trip Leon of Leon Brothers. The acquisition price was not disclosed.