HOUSTON — Andrew Sowell, Clay Peeples and Bo Pettit of Houston-based Boyd Commercial have negotiated the sale of a freestanding, tiltwall, office/warehouse facility in Houston. Luber Brothers Inc. purchased the 21,500-square-foot, 2.5-acre property, which is located at 15375 Vantage Pkwy. East, from Turnkey Building & Design.
Industrial
EL CAJON, CALIF. — Pacific Fletcher Parkway LP and Gloria M. Schiff Family Trust have purchased a 40,910-square-foot industrial building, which is located at 1100 N. Magnolia Ave. in El Cajon. Burer Family Investments LP sold the property for $5.8 million. Pacific Realty Advisors represented the buyer; Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
LAS VEGAS — Rexallen1 Series LLC has acquired Post Industrial Park in Las Vegas for $3.08 million. Located on West Post Road, the property offers 15,936 square feet of industrial space. Brian Riffel of Colliers International – Las Vegas represented the seller, Post Industrial Park, in the transaction. Additionally, Riffel represented Hayman Properties LLC in the acquisition of 8,745 square feet of industrial space at Arville Teco Industrial Park in Las Vegas. Ned Stephenson Trust sold the property for $1.58 million. Brian Houser of Albright Callister represented the seller in the transaction.
SANFORD, FLA. — Miami-based Storesafe Sanford has acquired a 2.3-acre land parcel for the future development of a climate-controlled self-storage facility in Sanford, from Orlando, Fla.-based Flagship Development, for $1.5 million. The property is located at 1811 Rinehart Rd. Mark Cooney of GVA Advantis’ Tampa, Fla., office represented the buyer, and the seller was represented in-house.
RICHMOND, VA. — Flagstop Carwash has acquired a 1.7-acre property in Richmond, from Royal Oldsmobile Co., for $1.3 million. The company will build its second Flagstop Express Wash on the site, which was formerly a truck center. The property is located in the West End at 9820 E. Parham Road. Millard Jones of Thalhimer | Cushman & Wakefield’s Richmond office negotiated the sales transaction on behalf of the buyer and the seller.
NEW BRAUNFELS, TEXAS — Greg Marberry of CB Richard Ellis (CBRE) has represented Cleveland, Ohio-based Weston Inc. in the purchase of the Moll Building in New Braunfels. The facility, which is located at 710 FM 306, spans 102,940 square feet. Weston has leased the property to EH Systems.
HOUSTON — Doug Bates of Henry S. Miller Commercial has represented Louisiana-based investor Robert Leavines in the sale of 2.47 acres at the 12900 block of FM 529 in Houston. A local commercial real estate developer, 12926 FM 529 LLC, purchased the site. The buyer plans to develop a single-tenant or multi-tenant office/warehouse building on the tract. Steve Kuper and Mark Ward of National Realty Group represented the buyer.
VERNON, CALIF. — C.E.G Construction has completed the construction of a 41,800-square-foot, build-to-suit industrial property located at 3301 E. Vernon Ave. in Vernon. Built for Reynaldo’s Mexican Food Company, the $4.7 million facility is customized to the company’s operational needs and allows the company to reduce costs through efficiency in production and distribution. Reynaldo’s purchased the 78,800-square-foot site from Vernon A. LLC last year. Philip Attalla and Allan Lee of NAI Capital’s Commerce, Calif., office represented the company in the land acquisition; Mollie Dietch and Anita Atrukiovitch of Lee & Associates represented the seller.
LOS ANGELES — Dovetail Furniture Inc. has purchased a 52,426-square-foot industrial building, which is located at 14000 S. Figueroa St. in Los Angeles, for a consideration of more than $4.5 million. The company plans to use the facility to house its corporate offices, warehouse and showroom. Kai Chon of Charles Dunn Company, a partner of GVA Worldwide, represented the buyer in the acquisition; The Klabin Company represented the seller, Glabman Furniture Inc., in the transaction.
HIALEAH, FLA. — Kids Basics has acquired a 49,290-square-foot warehouse, located at 6955 N.W. 36th Ave. in Hialeah, from Jan and Ted Corp., for $2.25 million. The dock-high warehouse is currently 100 percent vacant. Kids Basics will occupy the property following repairs. Paul Cohen of CB Richard Ellis’ Miami office represented the sellers, and the buyer was represented by Carlost Velasquuez of Hialeah-based Vivo Real Estate Group.