HOUSTON — NAI Houston has brokered the sale of a 20,250-square-foot industrial flex property located in Houston. The single-tenant facility is located at 5450 Guhn Rd. Jeffrey Barbles and Rob Chandler of NAI Houston represented the seller, Guhn One LP. The property was acquired by Jeffrey Banks in a 1031 exchange for an undisclosed amount. Banks was represented by Justin Bayne of Austin-based Skyles Bayne LLC.
PUYALLUP, WASH. — Portland-based NBS Real Estate Capital, on behalf of Morrison Street Fund I LP, has sold a 108,644-square-foot industrial property in Puyallup. Located at 507 N. Levee Rd., the property sold for $7.63 million. The buyer was not disclosed. NBS Real Estate Capital originally acquired the property in 2006.
RENO, NEV. — ProLogis has leased 272,000 square feet of industrial space in two shell-development facilities in Reno. Husqvarna Professional Products Inc. has signed a lease for 90,000 square feet of previously un-leased space at ProLogis’ Silver Lake Business Park. The company plans to use the facility to distribute its products to customers throughout the West Coast. Additionally, Jacobson Companies Inc., an Iowa-based third-party logistics provider, has inked a deal for 182,000 square feet of shell-development space at Tahoe-Reno Industrial Center Building 1.
MANSFIELD, OHIO — NAI Cummins has brokered the sale of a 49,860-square-foot manufacturing facility located in Mansfield. Jones’ Investments and Jones’ Potato Chip Co. have purchased the building from FKI Logistex for an undisclosed amount. The company will use the facility for its snack food operations. Tom Franjesh and Bob Raskow of NAI Cummins represented the seller in the transaction.
GERMANTOWN, WIS. — Petersen Global LLC has purchased 6.5 acres of land within the approximately 200-acre Germantown Business Park, which is located near Highway 41 in Germantown. Petersen Global is building a new 43,000-square-foot manufacturing facility on behalf of Krenz & Co. at the site. Trent Poole, Scott Furmanski and Roger Siegel in the Milwaukee office of CB Richard Ellis represented the buyer; MLG Commercial represented the seller, Village of Germantown, in the transaction. The acquisition price of the property was not disclosed.
CARROLLTON, TEXAS — The Dallas-Fort Worth office of Lee & Associates has completed a 5-year, 10,596-square-foot industrial lease at 2105 Luna Rd. in Carrollton. Nathan Denton and Hanes Chatham of Lee represented the tenant, the Lone Star Chapter of the National Multiple Sclerosis Society. The landlord was LIT Industrial Texas Partnership.
PIEDMONT, S.C. — The Greenville Area Development Corporation and Ortec have completed a $7.2 million phased expansion to the company’s Piedmont facility. The recently-completed second phase consisted of a 2,600-square-foot Class 100,000 clean room. The first phase of the project added 2,200 square feet of manufacturing space to the property. With the expansions complete, Ortec will boost its workforce by 30 employees.
DELAND, FLA. — Edwards Construction Services of Ocala, Fla., has completed a 62,870-square-foot manufacturing facility for Intellitec Corp. The $5.2 million property, located in DeLand, encompasses 6,415 square feet of office space, six loading docks and 19,010 square feet of space reserved for future expansion. Edwards also completed infrastructure construction for the project. The 8-acre property was designed by Tampa, Fla.-based Horton Harley Carter.
POMPANO BEACH, FLA. — NRW Soulard has purchased a 12,000-square-foot warehouse from Entegra Roof Tile Corporation–Pompano for $2.2 million. The property sits on 1.98 acres of land at 1201 N.W. 18th St. in Pompano Beach. NRW Soulard will house an aluminum fabrication operation in the building. Randy A. Rauch of NAI Rauch, Weaver, Norfleet, Kurtz & Co. brokered the sale, and Uniweb Commercial represented the buyer.
VISALIA, CALIF. — Honolulu-based A&B Properties, the real estate subsidiary of Alexander & Baldwin, has acquired Midstate 99 Warehouse Portfolio, a 790,370-square-foot warehouse facility located in Visalia, for an undisclosed price. The four-building property is currently 94 percent leased to a mix of retail and wholesale tenants. The property is located within a 480-acre master-planned logistics park.