VICTORVILLE, CALIF. — Stirling Capital Investments, a joint venture between Foothill Ranch, Calif.-based Stirling and Denver-based DT Industrial Trust Inc., has broken ground for the construction of a 1 million-square-foot speculative industrial facility within Southern California Logistics Centre in Victorville. The building will join five other buildings, which are part of the 6.5 million-square-foot first phase of development at the site. As a LEED-registered project, the facility will feature 32-foot clear height, 179 dock doors, concrete truck courts from 185 feet to 405 feet, 328 parking stalls, approximately 405 additional trailer parking spaces, ESFR sprinklers, a fenced yard and 3 percent skylights. Completion is slated for December of this year. Jay Dick, Darla Long, Mark Latimer and Marc Santoro of CB Richard Ellis are marketing the facilities on behalf of Stirling Capital Investments.
Industrial
LOS ANGELES — Beverly Hills, Calif.-based Maxxam Enterprises has completed the construction of an approximately 60,000-square-foot wholesale center, which is located at 777 East 12th St. in the Fashion District of Los Angeles. The property provides space for stores and showrooms on wholesale women’s fashions and apparel on its ground and mezzanine levels. A full-service branch of Pacific City Bank occupies the second floor.
ORLANDO, FLA. — Susan Ruby and Lee Morris of Cushman & Wakefield’s Orlando office have represented the landlord, Dividend Capital, in the lease of 148,287 square feet of warehouse space to Dal-Tile Corp, a subsidiary of Calhoun, Ga.-based Mohawk Industries. The warehouse is located at 1800 Cypress Lake Dr.
CHICAGO — Coldwell Banker Commercial NRT has brokered the sale of a 24,396-square-foot industrial property, located at 2600 W. Addison St. in Chicago, for $3.57 million. Bruce Heller and Tifanie Riley of Coldwell Banker represented the seller; Al Johnson of Menard Johnson represented the buyer, which plans to redevelop the property for multi-tenant use. Both parties were undisclosed.
UPPER MACUNGIE TOWNSHIP, PA. — Keystone Property Group has sold 1035 Mill Rd., a 161,470-square-foot warehouse/production/distribution facility in Upper Macungie Township. Situated on 11 acres within the Iron Run Corporate Center, the building is fully leased to Cherrydale Farms. Michael Hines, Michael Blunt, John Pasquarella and Bill Wolf of CB Richard Ellis represented the seller, Cherrydale Manufacturing, which sold the facility to Equity Industrial Partners for $7.65 million.
FLORHAM PARK, N.J. — CB Richard Ellis (CBRE) Capital Markets has secured $6.48 million in financing for the acquisition of the two-story PCS Wireless warehouse in Florham Park. The 83,766-square-foot warehouse, which is located at 11 Vreeland Rd., is situated near several main arterial highways such as I-287, I-280 and I-78. Max Herzog of CBRE arranged the financing for the borrower, Vreeland, LLC, a subsidiary of PCS Wireless.
ROCKWALL, TEXAS — St. Paul, Minn.-based North American Composites Company (NAC) has been selected by The Rockwall Economic Development Corporation (REDC) to construct a new 26,500-square-foot distribution facility in the Rockwall Technology Park in Rockwall. Construction will begin this spring on the building, which is located on approximately 3.63 acres at the intersection of Observation Trail and Technology Way. The project is estimated to cost $2.2 million upon completion.
GRAND PRAIRIE, TEXAS — Dallas-based Henry S. Miller Commercial has brokered a lease on behalf of Louisville Ladder for an industrial space located at 823 Heinz Way in Grand Prairie. Louisville Ladder plans to use the 65,522-square-foot facility, owned by First Industrial and located in the Parkway Distribution Center, as a new regional distribution center. Brett Owens of Henry S. Miller Commercial represented the tenant in the transaction, and Brock Wilson, also of Henry S. Miller Commercial, represented the landlord.
ORANGEBURG, S.C. —Miller-Valentine Group’s Columbia office broke ground on a Class A, 150,000-square-foot industrial building in the Orangeburg County/City Industrial Park, located at the intersection of Interstate 26 and Highway 301. The facility is expandable up to 300,000 square feet and can accommodate distribution and manufacturing needs. Construction is expected to complete in August.
LEXINGTON, N.C. — Boston-based Stag Capital Partners has acquired a 201,800-square-foot warehouse and distribution facility in Lexington from Lexington Associates and 800 East Washington LLC, for an undisclosed amount. The building is situated on 10 acres at 200 Woodside Dr., and is fully leased to Kimberly-Clark Corp. Ken Butler of NAI Avant and Dick Merritt of Merritt & Co. represented the seller. Michael Chase represented the buyer in-house.