PHOENIX — Phoenix-based 3B Holdings LLC has purchased a 12,100-square-foot industrial building, which is located at 2352 N. Delaware Ct. in Phoenix, for $1.63 million. The company plans to relocate to the property. Matt McDougall of NAI Horizon represented the buyer; James Harper of Grubb & Ellis|BRE Commercial represented the seller, 10th Place Properties, in the transaction.
GASTONIA, N.C., AND TRENTON, S.C. — Charlotte, N.C.-based Forsite Development has acquired two industrial facilities in Gastonia and Trenton. The property in Gastonia features 169,850 square feet and includes 9,000 square feet of office space. The facility can be configured for 40,000-square-foot multi-tenant increments. John Barker of Barker Commercial Real Estate served as broker for the transaction. Forsite acquired the 101,000-square-foot property in Trenton, located near Interstate 20, from SCANA Corp. The facility is the headquarters for Menardi Industries, a subsidiary of Charlotte-based Beacon Industrial Group. Grant Miller of SouthEast Commercial Real Estate served as the broker.
RIVERSIDE, MO. — The city of Riverside has selected Block & Co. as the master developer for Horizons Business Park, a $300 million industrial development located at the interchange of Interstate 635 and Highway 9 in the Kansas City suburb of Riverside. The project, which comprises more than 400 acres, will feature up to 5.3 million square feet of industrial space, as well as retail and support services for the development. The city of Riverside sold the land to Block for development; it will also be constructing two parkways to connect the industrial park to nearby arterial roads.
LAFAYETTE, IND. — Castle Coch Development is set to break ground for the construction of a 150,000-square-foot industrial building located at 3701 Dave Howarth Dr. in the Park 350 industrial park in Lafayette. The building, which can be subdivided for up to four tenants, features 28-foot clear ceiling heights, dock-height, flow-thru loading, trailer and car parking spaces, an ESFR sprinkler system and office areas. The approximately $15 million project is also expandable up to 300,000 square feet. The project is being developed by Castle Coch, with JRA Architecture providing design services and Shiel Sexton Co. serving as general contractor. Completion is scheduled for October.
ROMEOVILLE, ILL. — J.D. Salazar of Downers Grove, Ill.-based Champion Realty Advisors, along with Randy Wolcott of ProVenture Commercial Real Estate, recently arranged a 230,007-square-foot lease in Romeoville on behalf of the tenant, Ozburn-Hessey Logistics. The Nashville, Tenn.-based logistics company leased the space, which is within a 562,624-square-foot industrial building at 99 N. Pinnacle Dr., to expand its operations. The cross-dock facility includes 2,500 square feet of office space, 28 exterior docks, 23 trailer stalls and parking for 75 cars. Ozburn-Hessey will also have the opportunity to expand into the remaining space of the building. Kirk Armour of CB Richard Ellis represented the developer, The Pizzuti Companies, in the transaction.
MT. CARMEL, ILL., AND BEAVERTON, MICH. — CB Richard Ellis’ Sale Leaseback Group (CBRE) has completed the $7.3 million sale/leaseback of a two-building industrial portfolio. The first property is a 128,636-square-foot building located at 714 Walnut St. in Mt. Carmel. The second property comprises a 142,770-square-foot freestanding industrial building, as well as three outlot buildings totaling 8,940 square feet, and is located at 330 N. Ross St. in Beaverton. Both properties are occupied by Pacific Production Technologies, a portfolio company of Madison Capital Partners. Robert Brennan, Andrew Sandquist and Jonathan Wolfe of CBRE represented the seller, a partnership between Madison Capital Partners, Edgewater Funds and Rocky Mountain Bank. The deal also included the sale/leaseback of two additional properties located in Texas and Wyoming.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
BAYONNE, N.J. — Pantheon Properties has negotiated a lease for a 225,029-square-foot distribution facility in Bayonne. The free-standing facility, which is located at 150 Pulaski St., was leased by APA Logistics. Situated on a 10.15-acre site, the building features 31 tailboard doors, 20-foot ceilings and parking for 100 trailers. Pantheon represented the owner, Capital Growth Realty Holdings, and Mark Tannen of CB Richard Ellis represented APA Logistics in the transaction.
SAN BERNARDINO, CALIF. — Hillwood, a Perot Company, is developing the Southgate section of AllianceCalifornia in San Bernardino. Located on the east side of Tippecanoe Avenue, the more than 2.6 million-square-foot project is designed for five buildings ranging in size from 39,000 to more than 1 million square feet. Infrastructure work, including the extension of Central Avenue, has already begun with construction of the first building slated to commence in early summer. Designed for LEED certification, the buildings will feature 30 to 32 feet minimum ceiling clearance, ESFR fire sprinkler systems, large secured truck courts, cross-dock and single-sided loading, 2 to 3 percent skylights and extra trailer storage capacity.
CHARLOTTE, N.C. — Westcore Charlotte, a subsidiary of Westcore Properties, has acquired a 455,750-square-foot manufacturing building in Charlotte, from Flextronics International, for $25 million. The facility is situated on 51 acres at 6800 Solectron Dr. Dan Hollingsworth and Steve Pace of CPS/CORFAC International represented both the buyer and seller in the transaction. Flextronics will continue to occupy the building.