ALBUQUERQUE, N.M. — Ground has broken for SCHOTT Solar’s new 200,000-square-foot solar manufacturing site in Albuquerque. Located within Forest City Covington NM’s 12,900-acre Mesa del Sol, the facility represents a planned $500 million, long-term investment by SCHOTT and employment of approximately 1,500 people at full production.
Industrial
HICKORY HILLS, ILL. — Elmhurst, Ill.-based Darwin Realty & Development Corp. has completed the sale of an 83,000-square-foot, multi-tenant industrial property located at 9901-9913 S. 87th Ave. in Hickory Hills. The building comprises six units and features 20-foot clear ceiling heights, as well as truck and grade-level capabilities. Brian Liston of Darwin represented the buyer, Value Industrial Partners. The seller was not disclosed. The acquisition price was also undisclosed, but the property listed for $4.5 million.
CHESTERFIELD, MICH. — L. Mason Capitani/TCN Worldwide (LMC) has brokered the sale of a 41,430-square-foot manufacturing facility located at 50903 E. Russell Schmidt Blvd. in Chesterfield. The property was acquired by Turri’s Italian Food, which plans to use the facility to expand its current operations located in Roseville, Mich. Thomas Jablonski of LMC represented Turri’s, as well as the undisclosed seller. The acquisition price was not disclosed, but the asking price was $1.25 million.
AVONDALE, PA. — Steve Italiano and Bert DiClemente of CB Richard Ellis (CBRE) have completed the $3.75 million sale of 380 Starr Rd., a 106,846-square-foot production facility in Avondale. Set on 11.7 acres along the Route 41 corridor, the two-story building contains office, R&D and industrial space. CBRE represented the seller, 41 Properties, and the buyer, Starr Capital Investments, in the transaction.
HILLSBORO, ORE. — KBS Realty Advisors has acquired Evergreen Park, a four-building light industrial park located on NW Evergreen Parkway in Hillsboro. The 10.56-acre property offers 172,000 square feet of space and is currently 83 percent leased to seven tenants. The acquisition price and the seller were not disclosed.
CHESTERFIELD, MO. — St. Louis-based ARCO Construction Co. is advancing construction for a $3.8 million Lamborghini dealership, located at 9 Arnage Dr. in Chesterfield. The 22,000-square-foot facility will be the 100th dealership worldwide for the Italian automaker and its first in the St. Louis area. It will feature a 2,700-square-foot showroom, a 60-foot by 10-foot raised platform to showcase up to four cars, an exotic used car inventory room, a Lamborghini boutique, two internal car washes and an automobile photo booth area. The exterior of the facility will feature a 25-foot fountain, and a motor court that connects the dealership to the existing Bentley and Maserati dealerships. The Lamborghini dealership is owned by a partnership between St. Louis Motorsports’ J.J. Mills and Graham Hill. ACI/Boland served as project architect, with ARCO providing design/build services. Completion is scheduled for this spring.
NORFOLK, VA. — Norfolk-based Pickle Property has purchased a 29-acre industrial site in Norfolk, from Virginia Beach, Va.-based T & S Associates, for $3.4 million. The property is located at 508 E. Indian River Rd. Samuel Walker and Bob Thornton of Thalhimer | Cushman & Wakefield Alliance’s Virginia Beach, Va., office negotiated the sale.
FOREST PARK, MORROW AND WOODSTOCK, GA. — Atlanta-based Bryant Commercial Real Estate has arranged three sales in Forest Park, Morrow and Woodstock, totaling $5.2 million. Atlanta-based Frontera Imports purchased a 50,000-square-foot industrial facility, located at 143 Lake Mirror Rd. in Forest Park, from U-Freight America, for $1.4 million. Michael Sutter and Rick Tumlin of Bryant Commercial represented the buyer, and the seller was represented by Britton Burdette of Marcus & Millichap’s Atlanta office. Marietta, Ga.-based JOC Acquisitions acquired a 76,500-square-foot, 10-acre facility in Morrow, from Woodstock, Ga.-based Precision Jet, for $1.8 million. Bryant Dromey and Rick Tumlin were the sole brokers. An undisclosed investor purchased a 76,500-square-foot, 10-acre facility in Morrow from Calif.-based Mariani & Seifert Family Trusts, for $2 million. The property is located at 6835 Southlake Pkwy. Buddy Hill of Grubb & Ellis’ Atlanta office and Rick Tumlin were the sole brokers.
SAN ANTONIO — George Harcourt of Grubb & Ellis recently represented Old Bastrop Road Ltd. in the sale of an industrial property situated on approximately 8 acres in San Antonio. Luis E. Reyes acquired the 17,500-square-foot property, which is located at 8163 Old Bastrop Rd.
LOUISVILLE, COLO. — ConocoPhillips has acquired Sun Microsystems Inc.’s StorageTek campus in Louisville for $58.5 million. Sun Microsystems will continue to lease back the 432-acre property until it fully relocates its operations to its nearby Broomfield, Colo., campus. ConocoPhillips reportedly plans to construct a corporate learning center and global technology center, which will house the company’s worldwide training center, on the site. Completion is slated for 2012. Kenneth Rudy and Michel Seifer, along with Stew Mosko of Fuller Real Estate, negotiated the transaction.