SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates.
SUFFIELD, CONN. — Keith Kumnick and Nicholas Morizio of Colliers Down & Condon have brokered the $1.5 million sale of an industrial facility in Suffield. The 45,834-square-foot facility is located at 1251 E. St. S. The building was purchased by EDM Distributors from Suffield Associates
Sylmar, Calif. — Newport Beach, Calif.-based Voit Development Co. is developing North Valley Commerce Center, a 201,326-square-foot industrial business park located at the intersection of Olden Street and San Fernando Road in Sylmar. The seven-building park offers for-sale or for-lease units ranging in size from 2,237 to 57,666 square feet. Poliquin Kellogg Design Group provided architectural and design services for the project; Valley Commercial Contractors is serving as general contractor. Completion for the park is slated for April.
Reno, Nev. — Trammel Crow Co., on behalf of Multi-Employer Property Trust (MEPT), a $7.2 billion open-end commingled real estate equity fund, has purchased 104 acres in Reno for an undisclosed price. The company plans to use the land in the 2 million-square-foot expansion of Tahoe-Reno Industrial Center. Last year, MEPT acquired two newly constructed bulk distribution centers totaling more than 800,000 square feet, and expandable to 1 million square feet of bulk industrial space in the area.
TAMPA, FLA. — American Tire Distributors has signed a 147,197-square-foot lease to occupy Building E at Madison Business Center in Tampa, from Atlanta-based IDI. Rick Narkiewicz negotiated the lease on behalf of the landlord, and the tenant was represented by Texas-based Jackson & Cooksey. American Tire Distributors is scheduled to occupy the state-of-the-art facility this summer, which will triple its capacity in Tampa.
TAMPA, FLA. — American Tire Distributors has signed a 147,197-square-foot lease to occupy Building E at Madison Business Center in Tampa, from Atlanta-based IDI. Rick Narkiewicz negotiated the lease on behalf of the landlord, and the tenant was represented by Texas-based Jackson & Cooksey. American Tire Distributors is scheduled to occupy the state-of-the-art facility this summer, which will triple its capacity in Tampa.
CRANBURY, N.J. — PETCO has leased 142,915 square feet of warehouse and distribution space in Alder Development’s 1250 South River Road industrial building in Cranbury. Situated on more than 15 acres, the facility contains 223,000 square feet of industrial space and features 32-foot clear ceiling heights, 30 tailgate loading doors, two drive-in doors and pre-cast concrete panels. Joshua Adler of Adler Development negotiated the lease for Adler in-house, and Seth Dudley of Studley represented PETCO in the negotiations.
CRANBURY, N.J. — PETCO has leased 142,915 square feet of warehouse and distribution space in Alder Development’s 1250 South River Road industrial building in Cranbury. Situated on more than 15 acres, the facility contains 223,000 square feet of industrial space and features 32-foot clear ceiling heights, 30 tailgate loading doors, two drive-in doors and pre-cast concrete panels. Joshua Adler of Adler Development negotiated the lease for Adler in-house, and Seth Dudley of Studley represented PETCO in the negotiations.
VICTORVILLE, CALIF. — Stirling Capital Investments has completed construction on Global Access Business Centre, a two-building Class A industrial complex located at the company’s Southern California Logistics Centre (SCLC) in Victorville. The 223,773-square-foot center offers industrial suites ranging in size from 3,500 to more than 60,000 square feet. In addition to completing the project, the company signed five leases totaling 49,050 square feet for the center. The new tenants include Sequoia Lighting, Prego Inc., PTL Electric, Stoody Industrial and Welding Supplies, and Product System Engineering.
TEMPE, ARIZ. — All City Towing has acquired a 16,766-square-foot industrial facility, which is located at 2031 W. 1st St. in Tempe. Jack Berg Family L.P. sold the property for $2.7 million. Mike Parker of Colliers International and John Soldo of CC Partners LLC represented the buyer; Bob Broyles of Coldwell Banker Commercial NRT represented the seller in the transaction.