Industrial

TAKUMI STAMPING BREAKS GROUND ON 120,000-SQUARE-FOOT MANUFACTURING FACILITY

by admin July 2, 2008

FAIRFIELD, OHIO — Nagoya, Japan-based Takumi Stamping, a producer of small metal stamped auto parts, has broken ground on a 120,000-square-foot manufacturing facility located at 8585 Seward Rd. in Fairfield. The new facility will produce parts for all Toyota vehicles manufactured in the United States. Bunnell Hill Construction will develop the 18-acre site, which was purchased by Takumi Stamping from Bunnell Hill Development Co. Henkle Schueler & Associates represented the buyer in the transaction. The acquisition price was not disclosed.

July 2, 2008

NAI CRAVEY COMPLETES 43,525-SQUARE-FOOT INDUSTRIAL SALE

by admin July 2, 2008

CORPUS CHRISTI, TEXAS — Corpus Christi-based NAI Cravey Real Estate Services has brokered the sale of an approximately 43,525-square-foot industrial building located in Corpus Christi. Situated on 5.28 acres at 5655 Bear Lane, the facility was previously occupied by Texas Airsonics. It is now used as the international headquarters for Magnum Oil Tools International. Matthew Cravey of NAI Cravey represented the seller, Bear Street Associates. Josh Gaines, also of NAI, represented the undisclosed seller

July 2, 2008

Industrial Southeast

MARIETTA INDUSTRIAL SPACE PURCHASED IN MARIETTA

by admin July 1, 2008

ATLANTA — Bucky Winfield of Atlanta-based Richard Bowers & Co. brokered Meritex Marietta’s purchase of a 168,000-square-foot industrial space in Marietta, Ga. The property, located at 1700 and 1750 Enterprise Way, was acquired from 1700 Enterprise Way, L.P., and Sullivan 75, L.P. Meritex acquires and develops institutional grade industrial properties.

July 1, 2008

Industrial Midwest

CONSTRUCTION ADVANCES AT 1.3 MILLION-SQUARE-FOOT CORRIDOR-75 LOGISTICS PARK

by admin July 1, 2008

MONROE, OHIO — Vandercar Holdings, acting as owner and developer of the Corridor-75 Premier Logistics Park in Monroe, has begun construction on Spec Building #2 as well as the entrance road to the park. The new entrance road, which is being constructed by John R. Jurgensen Co., will be five lanes wide, and will run between the nearly completed 650,000-square-foot Home Depot rapid deployment center and the 650,000-square-foot Spec Building #2. Paul Hemmer Co. is the general contractor for both projects in the industrial center. Corridor-75 Premiere Logistics Park has a total of 1.3 million square feet of space currently under construction.

July 1, 2008

Industrial Western

BREAKWATER INDUSTRIAL CENTER TRADES HANDS FOR $8.25 MILLION

by admin July 1, 2008

HAYWARD, CALIF. — Berkley, Calif.-based Watson Setzer Real Estate Partners LLC has acquired Breakwater Industrial Center, a 58,400-square-foot industrial park in Hayward, for $8.25 million. Located at the intersection of Breakwater Court and Clawiter Road, the property consists of improved warehouse and office space. Built in 1974 by the seller, Weyerhaeuser Company, the facility was used as the company’s regional distribution and customer service center. Greig Lagomarsino and Brady Thomas of Colliers International represented both parties in the transaction.

July 1, 2008

Industrial Midwest

NAI MLG COMMERCIAL ARRANGES PURCHASE OF 10,794-SQUARE-FOOT FACILITY

by admin June 30, 2008

NEENAH, WIS. — NAI MLG Commercial has arranged the purchase of a 10,794-square-foot industrial facility located at 2340 Industrial Dr. in Neenah. Jeta Corp. has acquired the building, which is situated on a 1.38-acre site, for an undisclosed amount. The company purchased the facility in order to consolidate several locations and allow for expansion.

June 30, 2008

Industrial Western

SEVENTH STREET DEVELOPMENT SELLS THREE INDUSTRIAL BUILDINGS

by admin June 30, 2008

POMONA, CALIF. — Seventh Street Development has sold three industrial buildings within its newly built Mission-71 Business Park in Pomona for a total consideration of $9.3 million. Benik LLC, a shoe importer, acquired a 23,000-square-foot building; Wira Corp., an Indonesian food distribution company, purchased a 22,000-square-foot building; and Zion International Enterprise Inc. acquired a 16,000-square-foot facility. All three buildings feature 24-foot clear heights, 2,293 square feet of ground-floor and mezzanine office space, and dock-high and ground-level truck doors. Tony Phu of Colliers International represented Benik LLC; Sonny Tan of Pacific Coast Real Estate represented Wira Corp. and Zion International Enterprise Inc. Barbara Emmons, Lynn Know, John Privett and Lyn Eisenhower of CB Richard Ellis represented Seventh Street Development in all the building sales. Additionally, Seventh Street Development received planning commission approval to develop a three-building, 213,000-square-foot second phase at Mission-71 Business Park.

June 30, 2008

Industrial Western

LEE & ASSOCIATES COMPLETES TWO TRANSACTIONS

by admin June 30, 2008

RANCHO DOMINGUEZ AND COMPTON, CALIF. — First Industrial Realty has acquired a 30,284-square-foot industrial building, which is located at 18408 Laurel Park Rd. in Rancho Dominguez. Fortune Small Business LLC sold the property for $5.7 million. Don Smith of Lee & Associates’ Los Angeles South Bay office represented both parties in the transaction. Additionally, Fortune Small Business LLC has purchased a 28,350-square-foot industrial space, which is located at 1031 S. Santa Fe Ave. in Compton. The property sold for $3.3 million. Smith represented the buyer, while Ok Kim and David Jo of Coldwell Banker Los Angeles represented the undisclosed seller.

June 30, 2008

Industrial Midwest

MERITEX ENTERPRISES TO BUILD 537,000-SQUARE-FOOT INDUSTRIAL PARK

by admin June 27, 2008

NOBLESVILLE, IND. — Jeremy Woods of Summit Realty Group has represented Meritex Enterprises in the acquisition of 51.8 acres of land for a multi-tenant industrial development in Noblesville. The 537,000-square-foot Noblesville Business Center will offer distribution and office/warehouse spaces ranging from 5,000 to 150,000 square feet in size. Located within the Noblesville Corporate Campus, the project is scheduled to commence January 2009. Woods will be responsible for leasing the facility. The acquisition price was not disclosed.

June 27, 2008

Industrial Northeast

CBRE NEGOTIATES 87,000-SQUARE-FOOT INDUSTRIAL SALE

by admin June 27, 2008

BILLERICA, MASS. — CB Richard Ellis (CBRE) has negotiated the sale of an 87,200-square-foot warehouse facility located at 159 Rangeway Rd. in Billerica. Situated on 6.95 acres, the facility contains 12,000 square feet of office space, with the remaining space devoted to warehousing. It is currently fully leased to Hyster New England, which occupies the building on a long-term basis. Gary Lemire and Patrick Cavanagh of the CBRE Capital Markets team represented the seller, Billerica Rangeway LLC, and procured the buyer, The Hampshire Companies. The acquisition price was not disclosed.

June 27, 2008

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