ST. PAUL, MINN. — Colliers Turley Martin Tucker — Minneapolis has brokered the sale of three St. Paul industrial properties totaling more than 305,000 square feet. Mark Kolsrud, James McCaffrey, Matthew Klein and Shawn Moore have arranged the sale of 165,360 square feet of industrial space located at 139 Eva St; St. Paul Port Authority sold the property for an undisclosed amount. Wellington Management has acquired 71,905 square feet of industrial space located at 1280 Energy Park Drive. Kolsrud, Klein and Moore represented the undisclosed seller in the transaction. Additionally, David Stokes arranged the sale of 68,030 square feet of industrial space located at 300 York Ave. Viking Automatic Sprinkler has acquired the property from Digital Investors. The property was valued at $1.9 million.
Industrial
PHOENIX — MMS Phoenix LLC has acquired a 40,000-square-foot industrial property, which is located at 2229 E. Magnolia in Phoenix. CAL/AZ Portfolio No. 1 LLC sold the property for $1.99 million. Built in 1977, the property was 100 percent occupied at the time of acquisition. Pete Klees of Grubb & Ellis|BRE Commercial represented the seller; Rick Foss, also of Grubb & Ellis|BRE, represented the buyer in the transaction.
OLIVE BRANCH, MISS., AND MEMPHIS, TENN. — Greensboro, N.C.-based New Breed has leased two industrial properties from ProLogis. In Olive Branch, New Breed leased two buildings, totaling 469,232 square feet, at 8640 Nail Rd. in the ProLogis Park Desoto. New Breed also renewed its 163,800-square-foot lease at 3676 Raines Rd in Memphis, a ProLogis-owned development. Steven Podolsky of Riverwoods, Ill.-based Podolsky Northstar Realty Partners/CORFAC International and Treat Macdonald of Crump Commercial LLC/CORFAC International represented New Breed.
PHOENIX — Kachina Investments LLC has purchased Phoenix Tech Center for $3.1 million. Located at 10220 S. 51st St. in Phoenix, the 22,978-square-foot property was 100 percent leased at the time of acquisition. First Industrial Realty Trust sold the property, which was built in 1986. Steve Bodeman of Daum represented the buyer; Bruce Calfee, Josh Wyss, Paul Boyle, Rick Danis and Pat Feeney of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
NORTH LAS VEGAS, NEV. — UNEV Pipeline LLC has purchased a 53.2-acre land parcel within Mountain View Industrial Park for $3.8 million. The property is located at Grand Valley Parkway in North Las Vegas. Pat Marsh and Mike Mixer of Colliers International – Las Vegas represented the buyer. The seller was Kapex LLC.
HANAHAN, S.C. — Jones Apparel Group USA has subleased 150,148 square feet to Eagan, McAllister Associates, a subsidiary of Science Applications International Corp. The warehouse, located at 7410 Magi Dr. in Hanahan, is also leased to Stanley, which occupies 150,000 square feet. Eagan, McAllister Associates will use the building for outfitting mine-resistant vehicles. David Barber of Binswanger’s Atlanta office represented Jones Apparel, and Colliers Keenan represented Eagan.
OTSEGO, MINN. — Duke Realty Corp.’s Gateway Business Center North I, a 153,600-square-foot spec industrial building located within its Gateway Business Center North in Otsego, is 100 percent leased. Two divisions of Otter Tail Corp. have leased the building, which is situated at 6035 Queens Ave. T.O. Plastics Inc. has leased 57,600 square feet of industrial space, while BTD Manufacturing has taken 96,000 square feet of space at the facility. The building, which features 24-foot clear-height ceilings, is the first within Duke’s 160-acre planned development, which can accommodate up to 1.4 million square feet of industrial space. Dan Swartz of CB Richard Ellis in Bloomington, Minn., represented Duke; Peter Mork and Tim Olsen of Welsh Cos. represented T.O. Plastics and BTD Manufacturing in the transaction. Terms of the leases were not disclosed.
FULTON, MO. — St. Louis-based Paric Corp. has been selected as construction manager for Callaway Electric Cooperative’s new office, warehouse and maintenance complex, which will be located within a 120-acre office park in Fulton. The building, which is situated within Callaway County, has been designed to achieve LEED Certification. Construction will begin this month on the 31,000-square-foot office building, a tilt-up warehouse and a maintenance building. Completion of the 81,000-square-foot complex is expected for July 2009. Paric will provide turnkey services, with the specialized Paric Interiors group completing the interior finishes for the office building. St. Louis-based M+H Architects is providing architectural services for the project. The estimated cost of completion was not disclosed.
COMPTON, CALIF. — Principals of FallTech, doing business as 1306 S. Alameda Street LLC, have acquired a 51,675-square-foot warehouse/distribution facility in Compton for $6.89 million. The facility, which is located at 1306 S. Alameda St., features 10 dock-high loading positions, two ground-level doors, a 146-foot truck court, 24-foot minimum warehouse clear height and 69 on-site parking spaces. FallTech plans to relocate to the facility in December following building improvements, which includes the addition of 4,300 square feet of office space. Matt Stringfellow and Courtney Bell of The Klabin Company’s Torrance, Calif., office represented the buyers; James Min and Lary Carlton of Colliers Internationals’ Torrance office represented the seller, Bixby Village Golf LLC, in the transaction.
SIMPSONVILLE, S.C. — Trinity Commerce Center has leased 120,000 square feet in its newly completed industrial facility, located on Old Stage Road in Simpsonville, to Innegrity for an undisclosed amount. John Scott, Brian Young and Trey Pennington of Grubb & Ellis|The Fuman Co.’s industrial group represented the landlord.