FERNLEY, NEV. — Sacramento, Calif.-based Panattoni Development Co. has completed work on a 337,500-square-foot facility in Fernley. Located at 2375 E. Newlands Dr., the 20-acre lot accommodates space for storage of fencing, decking and railing products. The facility was built for Trex, a national producer of composite decking, railing and fencing.
EL CAJON, CALIF. — Pacific Realty Advisors has acquired a multi-tenant industrial building for $5.83 million. Located at 1100 N. Magnolia in El Cajon, the 40,919-square-foot property features 2,150-square-foot bays and convenient access to the 67 and 8 freeways. Current tenants include Helix Mechanical, McKeever Inc. and Motonation. Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the buyer and the seller, Burer Family Investments LP, in the transaction.
TEMPE, ARIZ. — Jeff Lion, a California investor, has purchased a 17,200-square-foot general industrial building in Tempe for $1.45 million. Located at 1104 W. Geneva, the property, which was built in 1980, was vacant at the time of acquisition. The buyer plans to market the property for lease. John Creedon of Corridor Commercial represented the buyer; Pete Klees of Grubb & Ellis|BRE Commercial LLC represented the seller, BRS-San Diego Commerce Center LLC, in the transaction.
LAKELAND, LEESBURG AND MIAMI, FLA. — Michael Mele of Marcus & Millichap’s Tampa, Fla., office and Chico LeClaire of its Denver office have facilitated the sale of three storage facilities located in Lakeland, Leesburg and Miami, on behalf of the seller, Cleveland-based U-Store-It, and two individual buyers. A South Florida-based private partnership acquired the 60,040-square-foot, 4-acre Leesburg location for $2.4 million and the 57,240-square-foot, 2.5-acre Miami location for $2.2 million. A Florida-based private investor acquired the 47,880-square-foot, 3-acre Lakeland facility for $2 million. The properties are part of a 21-property portfolio located in five states and are the first to close in Florida.
KANSAS CITY, MO. — Pure Fishing is building a 400,000-square-foot distribution center located at 7501 NW 106th Terrace in Kansas City. The new facility will be built within Terrace in the Skyport Industrial Park near Kansas City International Airport. When the building opens later this year, Pure Fishing will consolidate five of its warehouse facilities into the new location.
LIVONIA, MICH. — First Industrial Realty Trust has leased 99,937 square feet of rail-served industrial space to West/Win Ltd. The manufacturer will occupy a facility located at 11800 Sears Dr. in Livonia, which boasts easy access to CSX’s intermodal facility. Glenn DesRosiers of Friedman Real Estate Group and Gary Glotzhober of Colliers International assisted in the transaction.
PHILADELPHIA — BDB Co., a private partnership affiliated with Brooks Provisions, has sold 3445 and 3535 S. Front St. in Philadelphia to Ashforth Paradigm Capital Advisors for $7.65 million. Located on 3.26 acres within the Food Distribution Center of the city, the 86,315-square-foot cold storage food warehouse and distribution facility comprises a one-story facility and three stories of office space. Brooks Division, the sole tenant, will continue to lease the facility in its entirety. Stephen Marzullo of CB Richard Ellis and the firm’s Investment Properties Group represented the seller in the transaction. Patrick Green and Michael Mullin of CB Richard Ellis’ Industrial Properties team assisted in the disposition as well.
FARMINGTON, CONN. — TRUMPF, one of the world’s largest producers of fabricating machinery and a leader in laser production technology, has completed its new 83,000-square-foot Laser Innovation & Technical Excellence building in Farmington. The new $20 million facility features research labs, a 6,000-square-foot class 10,000 cleanroom, and a 55,200-square-foot production hall. TRUMPF will use the facility to develop new lasers and expand the production of laser resonators. Diversified Project Management provided project management services for the development.
FORT WORTH, TEXAS — ProLogis plans to develop a new 2.1 million-square-foot, master-planned industrial park in Fort Worth. To be called ProLogis Park Fort Worth, the park will sit on 130 acres at the intersection of Interstate 35 West and Loop 820. The park’s first phase will feature a 525,000-square-foot cross-dock facility, which is scheduled to begin construction in the second half of this year.
MESA, ARIZ. — Carter Cos. is developing Falcon Crest Business Center at 4030 E. Quenton Dr. in Mesa. The 73,385-square-foot industrial facility is divisible to approximately 7,500 square feet and offers 10 truckwells and eight grade-level doors. Ergonomic Solutions Inc. (ESI) has pre-leased 31,712 square feet at the property, which is slated for completion in first quarter 2009. Garrett Schoenberger and Andrew Markham with Grubb & Ellis|BRE Commercial are marketing the project.