FRANKLIN, MASS. — Monmouth Real Estate Investment Corp. sold an 84,376-square-foot industrial property, located at 17 Forge Park in Franklin, for approximately $6.68 million. The property is occupied by Kellogg Sales Co. The buyer, Delaware-based CRP investments, was represented by the Boston office of Jones Lang LaSalle.
SEAL BEACH, CALIF. — TPX LP has purchased a 78,000-square-foot industrial building, which is located at 1709 Apollo Ct. in Seal Beach, for an undisclosed price. TPX has leased the property to Torrance, Calif.-based AMONIX, a leader in solar electric power technology. AMONIX will utilize the facility to manufacture its large solar cells. Sheri Messerlian of NAI Capital’s South Bay, Calif., office, along with Clint McMorris of Colliers International, represented the buyer; John Schumaker of CB Richard Ellis represented the seller, Knickerbocker Properties Inc. XLVI, in the transaction. Messerlian also represented AMONIX in leasing the property.
CONCORD, N.C. — The Charlotte, N.C. regional office of Stanley Steemer has acquired 2.5 acres in Concord with plans of developing a satellite facility. The 12,000-square-foot building will be located within the International Business Park at Concord. The company plans to operate 13 trucks from the new facility, which is scheduled to break ground within a year. Anne Johnson of CB Richard Ellis represented the seller, Nolim Group, and Bryan Crutcher, also of CB Richard Ellis, represented the International Business Park in the transaction. Ian Bertolina of Bertolina Commercial Real Estate Services represented Stanley Steemer.
TROY, MICH. — L. Mason Capitani TCN Worldwide has brokered the sale of a 21,408-square-foot industrial facility located at 1937-1943 Barrett Dr. in Troy. Priced at $1 million, the building will be completely remodeled and part of the facility will be offered for rent. Gary Rodgers of L. Mason Capitani represented the buyer and seller in this transaction.
TOLLESON, ARIZ. — Seefried Properties has broken ground for the construction of Tolleson Business Center, a two-building industrial complex in Tolleson. Located at the southwest corner of 83rd Avenue and Van Buren, the project will feature an 86,913-square-foot building, which is divisible to 13,952 square feet, and a 67,014-square-foot facility, which is divisible to 5,365 square feet. McCall and Associates provided architectural services for the project, while Renaissance Contractors served as general contractor. Completion is slated for July. Rob Stephens and Jeff Stapley of Cushman & Wakefield of Arizona Inc. are leasing the project.
CARLSBAD, CALIF. — Public Storage Inc. has purchased Carlsbad Village Self Storage, a 1,107-unit self-storage facility in Carlsbad. Located at 3235 Tyler St., the 109,535-square-foot, three-level property features 68 exterior drive-up units and 1,039 interior units. Granite Investment Group sold the property, which was constructed in 2004. Greg Wells, Steve Rowland and Michael Roberts of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
BERKLEY HEIGHTS, N.J., AND KINGSTON, N.Y. — The Hampshire Companies has purchased a self-storage property in Berkley Heights, and announced plans to develop a retail building in Kingston. The 98,170-square-foot self-storage facility is located at 310 Snyder Ave., and was acquired from Tuckaway Mini Storage. The 8,400-square-foot retail building will be located at 539 Albany Ave., and will be occupied by Quick Check Corp., which signed a long-term lease. The transactions were made on behalf of Hampshire Partners Fund VII, the company’s real estate investment fund.
LAS VEGAS — EJM Development Co. has developed Building 21 in its 110-acre master-planned Arrowhead Commerce Center in Las Vegas. Located at 3755 E. Post Rd., the 148,000-square-foot, cross-docked industrial property offers high image office/warehouse space divisible to 15,681-square-foot units, and features a state-of-the-art ESFR fire-suppression system. Additionally, the facility features a 30-foot clear height, 61-foot deep concrete truck aprons, 9-foot by 10-foot dock-high loading doors and 12-foot by 14-foot grade-level loading doors. LM Construction served as general contractor and RGA Architects provided architectural services for the project. Spencer Pinter of Colliers International is leasing the property.
EL SEGUNDO, CALIF. — The Wiseburn School District, one of Los Angeles’ few remaining small school districts, has acquired an industrial building, which is located in El Segundo Industrial Park in El Segundo. Located at 2330 Utah Ave., the school district plans to convert the property into its new headquarters. First Industrial Investments Inc. sold the 28,182-square-foot property for $6.55 million. The district’s current headquarters at 13530 Aviation Blvd. will be razed and turned into playing fields for Dana school and the surrounding community. William Goodglick of The Goodglick Company represented the buyer; The Fischer Company represented the seller in the transaction.
INDIANAPOLIS — Investment Strategies of Indianapolis has sold its 3,834-square-foot industrial facility in Northwest Indianapolis to Gary Theaodis Jr. for $335,000. Situated on 1.23 acres of land, the building is located at 4010 Guion Rd. Jeffery Baumgartner of Coldwell Banker Commercial Realty Services’ Indianapolis office represented the seller; Adam Stephenson of Summit Realty Group represented the buyer.