CARTERET, N.J. — P/A Associates of New York City and Panattoni Development have completed iPort 12, a 1.1 million-square-foot trade and logistics center in Carteret. The 132-acre campus features two buildings, 36-foot ceilings, ESFR sprinklers, dock and grade-level doors, and 80-foot by 72-foot bays. Tenant space is available from 150,000 square feet to 1.1 million square feet. iPort 12 is located off the New Jersey Turnpike. Mindy Lissner, Lou Belfer, Scott Belfer, Stacey Weinberg and Susan Strauss of CB Richard Ellis will serve as leasing agents for the property.
Industrial
FORT WORTH, TEXAS — National Oilwell Varco, an oil field services component manufacturer, has completed the purchase of 340,000 square feet of industrial space located at 1010-1100 Everman Pkwy. in Fort Worth. The multiple buildings, which were sold by Raleigh, NC-based Cherokee Fund, are located on 25 acres. Walter Floyd of NAI Huff Partners represented the buyer, and John Brewer and Greg Trout of Henry S. Miller Commercial represented the seller.
MORENO VALLEY, CALIF. — Dayville, Conn.-based United Natural Foods plans to lease a new 613,200-square-foot state-of-the-art distribution center in Moreno Valley. The company has signed a 10-year lease, featuring two additional 5-year options, for the distribution center. Located in Southern California’s Inland Empire, the property features 27,900 square feet of refrigerated storage, which is expandable to 49,700 square feet; 48,100 square feet of frozen storage, expandable to 75,300 square feet; a 32,800-square-foot refrigerated receiving/shipping dock; and 22,700 square feet of warehouse mezzanine space. Operations at the facility are slated to commence this summer. Blackrock is managing the property, which was developed by Overton Moore Properties.
DES PLAINES, ILL. — A joint venture between the Skokie, Ill.-based Missner Group and AMB Property Corp. has completed a 253,400-square-foot build-to-suit industrial facility for Coaster Company of America. The building, which is located at 255 Wille Rd., features an 18,000 square foot office and showroom, 30-foot clear ceiling heights and 55 dock positions. Coaster is relocating from its previous facility at 560 Supreme Dr. in Bensenville, Ill.
SEVILLE, OHIO — Boston-based STAG Capital Partners has acquired two warehouse facilities, located at 5160 and 5180 Greenwich Rd. in Seville, as part of a 15-year sale/leaseback transaction with Ohio Wholesale. The adjacent buildings, which are located on 27 acres and total 345,000 square feet, are fully occupied by Ohio Wholesale. Martin Rizzo of Cohen Capital Advisors represented the seller, an affiliate of Ohio Wholesale. The acquisition price was not disclosed.
CHICAGO — Chicago-based Paine/Wetzel • ONCOR International has brokered the sale of a 41,640-square-foot industrial facility located at 3388 North Avondale in Chicago. The property was subsequently leased to AAA Bag and Tag. Curt Stanton, Ryan Bertin and Kevin Riley of Paine/Wetzel represented the seller, Ken Way Associates. The buyer, Novak Construction, was represented by Christopher Neavolls of Crescendo Realty. The sale price was undisclosed.
MECHANICSBURG, PA.; GROVEPORT,OHIO; AND GREENVILLE, S.C. — Orix Real Estate Capital has purchased a portfolio of three net leased properties located in Mechanicsburg, Groveport and Greenville from Lexington Realty Trust. The three properties total 1.1 million square feet of industrial and office space. The Mechanicsburg facility, located at 6350 Brackbill Blvd., is a one-story, 507,634-square-foot industrial building that is leased to Exel Logistics. The Groveport building is a 354,676-sqaure-foot warehouse facility located at 6500 Adelaide Ct. The Greenville property is a three-story, 192,884-square-foot Class A office building located at 701 Brookfield Pkwy. Orix was represented in-house by Eric Wollan and Boris Shraybman. John Huguenard of Colliers Turley Martin represented the seller in the Groveport transaction, Michael Hines of CBRE represented the seller in the Mechanicsburg transaction and Ryan Clutter, also of CBRE, represented the seller in the Greenville transaction. The sale price was undisclosed.
AUSTIN, TEXAS — Q10 | Dwyer-Curlett’s Orange County, California office has arranged $11.3 million in financing through GE Real Estate Business Property for an Austin industrial building. The property, which houses a cold storage warehouse and distribution center, is located on 15.41 acres with 131,000 square feet of rentable space. Thomas Kenny of Q10 | Dwyer-Curlett’s Orange County office arranged the loan.
PATTERSON, CALIF. — McShane Corp. and MetLife Real Estate Investments are developing KeyStone West Business Park, a 122-acre industrial park in Patterson. The park will accommodate up to three industrial facilities from 125,000 square feet to 1.5 million square feet. The first phase of development consists of a 530,000-square-foot industrial warehouse that will feature 120 docks, 32-foot clear height, 52-foot by 50-foot bays and parking for 90 truck trailers and 348 vehicles. McShane Construction’s Irvine, Calif., office, along with project architect Ware Malcomb, will provide comprehensive design/build construction services for the project. Groundbreaking is slated for January 2008, with completion scheduled for November 2008.
FRESNO, CALIF. — G3 Development is developing North Pointe Business Park, a 230-acre master-planned industrial park in Fresno. Ware Malcomb Northern California has completed the architectural design services for three industrial buildings for the development. The planned buildings include two 65,454-square-foot facilities, which can be divided into six units, and an 86,000-square-foot property, which can be subdivided into four units. Each unit will feature truck docks and grade-level doors. Completion is slated for this spring. Pleasanton, Calif.-based ExTerra Realty Partners LLC is providing project management services for the project; Madera, Calif.-based Target Constructor Inc. is serving as general contractor.