PRINCE GEORGE, VA. — 8140 Quality Drive LLC has sold a 108,350-square-foot warehouse, located at 8140 Quality Dr. in Prince George, to Virginia Seal Products for $3.5 million. Chip Louthan from the Richmond, Va., office of Grubb & Ellis|Harrison & Bates and Charlotte, N.C.-based Binswanger Co.’s Doug Faris represented the seller. Virginia Seal Products was represented by Specter Properties and will occupy half the building.
SUN PRAIRIE, WIS. — STAG Capital Partners has acquired a 427,000-square-foot industrial facility within the Sun Prairie Business Park located at 1615 Commerce Dr. in Sun Prairie. Situated on a 24.7-acre site, the property includes 360 parking spaces and 21 dock doors. The facility is fully leased to Famous Footwear. STAG Capital Partners was represented in-house by Brad Sweeney and Josh Plosker. The seller and the acquisition price were not disclosed.
TUSTIN, CALIF. — Tustin Business Center LLC has acquired Tustin Business Center, a 156,991-square-foot multi-tenant industrial park in Tustin, for $28 million. Located at 14712-14662 Franklin Ave. within the Irvine Business Center, the property consists of 11 buildings. Michael Hartel, Kevin Turner, Trent Walker and Mark Weeks of Voit Commercial Brokerage’s Irvine, Calif., office represented the buyer; Jim Morrison of Morrison Company represented the seller, HB Tustin Franklin LLC, in the transaction.
QUINCY, ILL. — Quincy-based Prince Agri Products, a subsidiary of Ridgefield Park, N.J.-based Phibro Animal Health Corp., has broken ground on new manufacturing, warehousing and laboratory facilities within the South Quincy Development District in Quincy. Situated on the Mississippi River, the 5,000-acre South Quincy Development District is protected by a 500-year-old levee. Prince Agri Products, which has been located in Quincy since 1960, has acquired a 26-acre site from Ewing Land Development LLC for a 165,000-square-foot industrial building. Approximately $10 million in infrastructure investment within the South Quincy Development District has recently been completed or is planned for the near future.
SWATARA, PA. — Reno, Nev.-based DP Partners has acquired a 100,000-square-foot warehouse/office flex property located at 7917 Derry St. in Swatara, a suburb of Harrisburg, Pa. Renamed LogistiCourt at Derry Street, the facility features 18-foot clear ceiling heights, 5-inch thick, reinforced concrete slabs, gas-fired heating units, one dock and one drive-in door for each 4,000 square feet, and 223 parking spaces. Julie Trogner of Lemoyne, Pa.-based RSR Realtors represented DP Partners in the transaction; the seller was Harrisburg-based Triple Crown Corp., which also constructed the facility. The acquisition price was not disclosed. Additionally, two tenants have already signed leases at the facility. Indianapolis-based Ace Mobility Products will occupy 8,000 square feet, including 3,000 square feet of office space, as its regional office, showroom and service facility. Enola, Pa.-based Pyramid Construction Services will occupy 4,000 square feet for its warehouse and shop.
AUSTIN, TEXAS — A joint venture between Los Angeles-based Lowe Enterprises and McShane Corp. has completed development for two industrial buildings totaling 161,600 square feet that are located at 8024 Exchange Dr. in Austin. Situated on 19.4 acres within Tuscany Center at Walnut Creek, Tuscany 7 is a 72,000-square-foot facility and Tuscany 8 is an 89,600-square-foot facility. Both buildings feature 24-foot clear ceiling heights, 40-foot by 40-foot bay spacing, one drive-in door each and ESFR sprinkler systems. Tuscany 7 is divisible by 16,800 square feet and includes six exterior truck docks with expansion capability to 16. Tuscany 8 is divisible by 19,200 square feet and includes five exterior truck docks with the capacity for 22. Lowe and McShane acquired the site in 2007. Dallas-based Cadence McShane Corp., a construction division of McShane Corp., served as design/builder for the project. McShane Corp. served as development manager, with TAG International providing architectural services.
UNION CITY, CALIF. — Precision Manufacturing LLC has exercised its purchase option on a 52,881-square-foot industrial building in Union City. The company, which has occupied the building since 2003, acquired the property for $3.86 million or approximately $73 per square foot. Located at 33233 Central Ave., the property features 5,000 square feet of office space, sprinklers, a yard area, a rail spur and dock- and grade-level loading. The seller was Hass Brothers. Jay Hagglund and Paul Beckwith of NAI BT Commercial represented both parties in the transaction.
DELRAY BEACH, PALM BEACH AND BOYNTON BEACH, FLA. — Blue Bell, Pa.-based United Stor-All Centers has purchased a more than 370,000-square-foot portfolio of self-storage facilities from Safe & Secure Self Storage for $30.5 million. The portfolio includes the 147,000-square-foot Safe & Secure Delray Beach, located at 2512 N. Federal Highway in Delray Beach, the 134,000-square-foot Safe & Secure Royal Palm Beach, located at 8970 Belvedere Rd. in Palm Beach, and the 92,000-square-foot Safe & Secure Boynton Beach, located at 3010 S. Congress Ave. in Boynton Beach. Berger Commercial Realty Corp.’s Lloyd Berger, Gordon Lunt and Reese Stigliano represented the seller.
CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has completed a 15,000-square-foot building and 17-acre land lease to Schneider National, which represents the largest land lease in Chicago to date this year. Schneider National is relocating from the suburbs to 3600 S. Kostner Ave. The 17-acre lot will serve as truck and trailer parking. Additional features of the building include 5,000 square feet of finished office product, 10 repair bays within the building and 19-foot clear-height ceilings. Rodger Chenore, Terence Lynch and Jeffrey Girling of Paine/Wetzel represented the landlord, Maersk INC; Mitch Adams and Sal Vitale of CB Richard Ellis represented the tenant in negotiations.
EL SEGUNDO, CALIF. — Los Angeles-based 2355 Utah Capital LLC has acquired a 41,617-square-foot industrial building in El Segundo for an undisclosed price. The property, which is located at 2355 Utah Ave., was 100 percent leased at the time of acquisition. The seller was Redlands, Calif.-based Copeland Properties. Sean O’Donnell and Jeff Smart of Grubb & Ellis’s LA South Bay office represented both parties in the transaction.