WARRENDALE, PA. — STAG Capital Partners has acquired a 148,000-square-foot warehouse/distribution center in Warrendale. Located at 405 Keystone Dr. in the Thorn Hill Industrial Park, the building is fully leased to the Serco Group. Mike Chase represented STAG in-house, and Louis Oliva of Grubb & Ellis represented the seller, Robinson Properties, in the transaction.
Industrial
SAN ANTONIO — Denver-based ProLogis has begun construction on two industrial facilities located in City Park East Distribution Center at 8555 – 8569 N.E. Loop 410 in San Antonio. One 52,000-square-foot site is being built for Gulf Coast Paper Co., while another 101,000-square-foot site under construction is currently available for lease. Both buildings are scheduled for completion late this year. City Park East Distribution Center is a four-building, master-planned industrial park totaling 252,900 square feet.
SAN ANTONIO — Spartanburg, S.C.-based Tindall Corp. has begun construction on a concrete manufacturing plant located at 2222 W. Malone Ave. in San Antonio. The 114,000-square-foot facility, which will be Tandell’s fifth plant, is scheduled for completion this summer. The $25 million project will house 250 employees upon completion.
HOUSTON — NAI Houston has brokered the sale of an industrial facility located at 8721-A Clay Rd. in Houston for an undisclosed amount. Apoena Corp. purchased the 20,000-square-foot facility from Stonebridge Real Estate Development & Investments. Chris Kugle, Travis Land and John Ferruzzo of NAI Houston represented the buyer in the transaction.
REDLANDS, CALIF. — A private investor has acquired a 266,850-square-foot industrial property in Redlands from Oakmont Redlands Palmetto Ave. LLC for $20.4 million. The Class A property is located at 26940 Palmetto Ave. and offers proximity to the San Bernardino International Airport. Features include new concrete tilt-up construction, 2,800 square feet of expandable office space, an ESFR Sprinkler System, 49 dock-high loading doors and 32-foot ceilings. Clyde Stauff and Stephen Calhoun of Colliers International represented the buyer, and Cushman & Wakefield represented the seller in the transaction.
PHOENIX — Armor Designs has signed a 5-year, $2.7 million lease for a 71,345-square-foot industrial facility in Phoenix. The facility is located at 4645 South 35th St. near the Maricopa (10) Freeway. Rich Sica of DAUM Commercial Real Estate Services represented the lessee and Pete Klees of Grubb & Ellis represented the lessor, PCCP Bar I LLC, in the transaction.
UNION CITY, GA. — Harman International has signed a long-term lease with Majestic Realty for 305,000 square feet of space at Majestic Airport Center II, a master-planned industrial park in Union City, located at 4475 S. Fulton Pkwy. Harman manufactures audio, video and electronic products for home, vehicle, portable and computer applications. The property, which is fully leased, is also occupied by American Building Supply. Bayne Porter of CB Richard Ellis negotiated the lease on behalf of the tenant.
MISSOURI CITY, TEXAS — Holliday Fenoglio Fowler’s (HFF) Houston office has closed the sale of two tracts of undeveloped land located at South Gessner Drive off Highway 90 in Missouri City. The two, 16-acre sites are zoned for industrial use and are part of the 330-acre Beltway Crossing Business Park. Dallas-based Thackeray Partners purchased the land from BC Business Park L.P. for an undisclosed amount. Adam Jackson and Dan Miller of HFF’s Houston office represented the seller in the transaction.
TUCSON, ARIZ. — The Pima County Joint Technological Education District has acquired 2855 W. Master Pieces Dr., a 9,800-square-foot parcel in Tucson, from Shannon Park LLC for $1.9 million. Tom Knox of PICOR Commercial Real Estate Services represented the buyer and CB Richard Ellis represented the seller in the transaction. In addition, St. Demetrius Greek Orthodox Church has acquired 8.07 acres at 3232 E. River Rd. in Tucson from George A. Masek Revocable Trust and Richard L. and Helen A. Masek for $1.25 million. Peter Douglas of PICOR Commercial Real Estate Services represented the buyer and Leonard Anderson of Windmill Realty represented the seller in the transaction.
LOUISIANA, MO. — Atlas Partners has arranged the sale of a 317,000-square-foot industrial building, located at 3016 W. George St. in Louisiana, for $1.75 million. Biff Ruttenberg of Atlas Partners, along with Tim Convy and Ben Hass of the St. Louis office of CB Richard Ellis, represented Home Products International, the previous owner-occupant, in the sale. The property was acquired by Lexton Group dba Stark Brothers Fulfillment.