CHICAGO — Rosemont, Ill.-based Epic Realty Partners/TCN Worldwide has completed a 260,000-square-foot industrial lease in Chicago. Rapid Displays will occupy 260,000 square feet at 4100 W. 76th St., consolidating all of its Chicago distribution facilities into a single facility that will be known as Rapid Logistics. Phil Rosenberg and Ed Brandt of Epic represented Rapid Displays in the lease; the landlord, Insite Real Estate Development, was represented in-house by Ted Praspolous and Dan Kostelny.
ST. LOUIS — St. Louis-based Lawrence Group has completed the redevelopment of Kirberg Co.’s 44,000-square-foot headquarters and distribution facility located at 1400 S. 3rd Street in St. Louis. Lawrence Group provided design/build services for the redevelopment of the historic property, which contains office and warehouse space. The two-story building achieved LEED certification with sustainable features such as bamboo flooring, motion-sensor lighting, maximized natural light, the use of recycled materials, a green roof, increased water efficiency and the installation of a shower for employees to promote alternative transportation.
DALLAS/FORT WORTH, TEXAS — GE Real Estate has provided a $21 million loan to Dana Point, Calif.-based Optivest Properties for the acquisition of five self-storage facilities in the Dallas/Fort Worth Metroplex. The Class A and B properties comprise 2,663 units in the cities of Allen, Murphy, Forney, Terrell and Grand Prairie. Chuck Mills of CEM Capital was the mortgage banker for the transaction, which was the first between GE and Optivest Properties.
EL SEGUNDO, CALIF. — Peter Yousefi and Jeremy Jurow of NAI Capital represented the For Stars Catering Inc. in the disposition of a 12,319-square-foot industrial building, which is located at 215-233 California St. in El Segundo. CRS LLC and Stuart Sackley purchased the property for $3.55 million. The buyers plan to redevelop the property into eight to 10 loft-style units with creative office space and garages for sale. Bill Ruane and Matt Crabb of RE/MAX Beach Cities represented the buyers in the transaction.
HOUSTON — First Industrial Realty Trust has sold a 191,537-square-foot industrial building to TA Associates Realty. The facility is located at 8705 City Park Loop East in Houston. Doug Nicholson and John Nicholson of Grubb & Ellis Co. represented the seller.
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.