OKLAHOMA CITY — Big Industrial, a Kansas-based industrial property developer, has purchased the vacant Bridgestone Firestone plant located near the intersection of Interstate 35 and Interstate 40 in Oklahoma City. The company plans to renovate the facility, which closed in December 2006, and lease it out for general warehousing and distribution purposes to another company. The property is 2 million square feet on 310 acres, half of which is available for new construction. Eric Dienstbach of Binswanger represented both the buyer and the seller in the transaction. Terms of the sale were undisclosed.
Industrial
ST. LOUIS — St. Louis-based NAI has brokered the acquisition of a 38,440-square-foot industrial building located at 10800 Midwest Industrial Blvd. in St. Louis. Floyd Sweeney of NAI represented the buyer, Mead/Mor Investments. The building was acquired from Alan A. Hamilton, Kathleen Hamilton Spouses Trust, and Stephen J. & Lecils Saller. The acquisition price was not disclosed.
MILPITAS, CALIF. — Westcore Properties LLC, doing business as Westcore Milpitas LLC, has acquired a nine-building industrial portfolio, which is located along Gibralter Drive in Milpitas, from Flextronics International USA Inc. for an undisclosed price. Situated on a 33.5-arce site, the portfolio offers 499,206 square feet of manufacturing space. Flextronics International USA will continue to occupy the buildings under a 10-year lease. Dan Hollingsworth of CPS/CORFAC International represented both parties in the transaction.
MORENO VALLEY, CALIF. — Greg Gill and John Bowman of Charles Dunn Company, a partner of GVA Worldwide, has negotiated a 10-year lease for March Commerce Center, a 613,174-square-foot industrial center located at 22150 Goldencrest Dr. in Moreno Valley, for Dayville, Conn.-based United Natural Foods Inc. (UNFI). UNFI plans to occupy the entire building, which was built in 2006 and never occupied. Gus Andros and John Murphy of Collins Commercial, along with Bruce Springer of Grubb & Ellis, represented the landlord, Cactus Commerce LLC, in the transaction, which was valued at $28.5 million.
DORAL, FLA. — The Easton Group has completed Phase I of International Corporate Park Center, a $30 million, 14-acre industrial condominium project in Doral. Phase I consists of three buildings totaling 112,000 square feet. When completed, The Business Center at International Corporate Park will have eight buildings totaling 220,000 square feet.
OSCEOLA COUNTY, FLA. — NAI Realvest has started construction on Poinciana CommerCenter, an approximately 200,000-square-foot commerce center, in Osceola County. The first buildings will include an industrial dock-high building totaling 50,000 square feet and two grade-level buildings totaling 25,000 square feet. Also included will be two retail outparcels totaling 2 acres. In addition, Small Bay Partners is developing a 125,000-square-foot industrial facility in two phases at Poinciana CommerCenter. Phase I will include 60,000 square feet and will begin construction first quarter 2008. Phase II will begin construction in 2009. The property is located on the south side of U.S. 17-92 off Poinciana Boulevard.
OSCEOLA COUNTY, FLA. — NAI Realvest has started construction on Poinciana CommerCenter, an approximately 200,000-square-foot commerce center, in Osceola County. The first buildings will include an industrial dock-high building totaling 50,000 square feet and two grade-level buildings totaling 25,000 square feet. Also included will be two retail outparcels totaling 2 acres. In addition, Small Bay Partners is developing a 125,000-square-foot industrial facility in two phases at Poinciana CommerCenter. Phase I will include 60,000 square feet and will begin construction first quarter 2008. Phase II will begin construction in 2009. The property is located on the south side of U.S. 17-92 off Poinciana Boulevard.
MIAMI — Iron Mountain, a Boston-based information protection and storage company, has signed a 130,000-square-foot warehouse lease in Miami. John Vaught and Elsa Heredia with CB Richard Ellis’ Miami Airport office represented the tenant, and Industrial Group Realty represented the landlord, 114th Street Property LLC. The facility is located at 3355 NW 114th St. near Interstate 75 and the Miami International Airport.
MIAMI — Iron Mountain, a Boston-based information protection and storage company, has signed a 130,000-square-foot warehouse lease in Miami. John Vaught and Elsa Heredia with CB Richard Ellis’ Miami Airport office represented the tenant, and Industrial Group Realty represented the landlord, 114th Street Property LLC. The facility is located at 3355 NW 114th St. near Interstate 75 and the Miami International Airport.
ABERDEEN, MD. — Opus East and the U.S. Army are developing the Government and Technology Enterprise (G.A.T.E.), a 200-acre development at Aberdeen Proving Ground in Aberdeen. Opus plans to build three buildings on the first land bay to be developed, including a research and development facility and two speculative office buildings. The first building is a 60,000-square-foot single-story research and development facility that is expected to be complete by summer 2008. The second building planned is an 80,000-square-foot office building, which will be underway in 2008. The G.A.T.E. project is part of the U.S. Army’s Enhanced Use Lease (EUL) program. Under the terms of the EUL, Opus will lease each land bay for 50 years, allowing the U.S. Army to develop underutilized property and redirect the proceeds back into the maintenance and improvement of Aberdeen Proving Ground facilities.