UNION CITY, GA. — Harman International has signed a long-term lease with Majestic Realty for 305,000 square feet of space at Majestic Airport Center II, a master-planned industrial park in Union City, located at 4475 S. Fulton Pkwy. Harman manufactures audio, video and electronic products for home, vehicle, portable and computer applications. The property, which is fully leased, is also occupied by American Building Supply. Bayne Porter of CB Richard Ellis negotiated the lease on behalf of the tenant.
Industrial
MISSOURI CITY, TEXAS — Holliday Fenoglio Fowler’s (HFF) Houston office has closed the sale of two tracts of undeveloped land located at South Gessner Drive off Highway 90 in Missouri City. The two, 16-acre sites are zoned for industrial use and are part of the 330-acre Beltway Crossing Business Park. Dallas-based Thackeray Partners purchased the land from BC Business Park L.P. for an undisclosed amount. Adam Jackson and Dan Miller of HFF’s Houston office represented the seller in the transaction.
TUCSON, ARIZ. — The Pima County Joint Technological Education District has acquired 2855 W. Master Pieces Dr., a 9,800-square-foot parcel in Tucson, from Shannon Park LLC for $1.9 million. Tom Knox of PICOR Commercial Real Estate Services represented the buyer and CB Richard Ellis represented the seller in the transaction. In addition, St. Demetrius Greek Orthodox Church has acquired 8.07 acres at 3232 E. River Rd. in Tucson from George A. Masek Revocable Trust and Richard L. and Helen A. Masek for $1.25 million. Peter Douglas of PICOR Commercial Real Estate Services represented the buyer and Leonard Anderson of Windmill Realty represented the seller in the transaction.
LOUISIANA, MO. — Atlas Partners has arranged the sale of a 317,000-square-foot industrial building, located at 3016 W. George St. in Louisiana, for $1.75 million. Biff Ruttenberg of Atlas Partners, along with Tim Convy and Ben Hass of the St. Louis office of CB Richard Ellis, represented Home Products International, the previous owner-occupant, in the sale. The property was acquired by Lexton Group dba Stark Brothers Fulfillment.
GARLAND, TEXAS — Henry S. Miller Commercial has brokered the sale of 14.6 acres located at the Firewheel Distribution Center development site at Crist Road and Highway 78 in Garland. Courtland Development Co. purchased the land for future site development. The company is currently developing the 201,000-square-foot Firewheel Distribution Center, which will be ready for initial occupancy this May. Atlas Copco has also leased 13,366 square feet at the property for its drilling solutions facility. Dan Spika and Huntley Luna of Henry S. Miller Commercial represented the seller Atlas Copco in the transaction.
INGALLS, IND. — Opus Corp. and Mann Properties have formed a joint venture for the development of I-69 Trade Center, a planned 140-acre industrial park and logistics center located at the intersection of Interstate 69 and Indiana Highway 13 outside of Indianapolis in Ingalls. The multi-building park is planned to comprise more than 1.5 million square feet of manufacturing, distribution and office space. Groundbreaking is expected to occur this year. Colliers Turley Martin Tucker has been retained to market the facilities.
MIDDLETOWN, PA. — Michael Hess, Rob Weber and Mark Pasquella of CB Richard Ellis have negotiated two leases on behalf of American Power Conservation (APC) for industrial space in Middletown. APC has signed on for 650,000 square feet of distribution space at 201 Fulling Mill Rd., and it has also signed a short-term lease for 490,000 square feet of space at 400 and 401 First St. in the Capital Business Center. APC leased the space from ProLogis.
PATERSON, N.J. — NAI James E. Hanson has completed the sale of a 30,250-square-foot industrial building in Paterson. Located at 610 E. 32nd St., the one-story building also features 1,500 square feet of office space. The new owner, the Gladstein Partnership, plans to use the space for the distribution and delivery of auto parts. Jeffrey DeMagistris and Thomas Vetter of NAI Hanson represented the seller, LEM Realty. The sale price was undisclosed.
FORT PIERCE, FLA. — Atlanta-based IDI has acquired 129 acres of land in Fort Pierce from St. Andrews Episcopal Church for $17 million. IDI will develop the site into Crossroads Business Center, a 1.3 million-square-foot Class A warehouse and distribution space located in Crossroads Park of Commerce near Interstate 95 and the Florida Turnpike. The property will feature buildings ranging from 140,000 to 400,000 square feet. Construction on the first building will begin this summer. Ron Kent of Coldwell Banker Commercial NRT’s Boca Raton, Fla. office was the sole broker.
ROMEOVILLE, ILL. — Heitman America Real Estate Trust, a fund managed by Chicago-based Heitman, has acquired a 1.9 million-square-foot industrial portfolio located in Romeoville. The portfolio consists of four warehouse buildings located in the Windham Southwest Business Park. Each of the buildings was developed by Panattoni Development Co. between 2006 and 2008. Two of the four buildings are fully occupied by Sears Holdings, Kimberly-Clark and Dann Dee Display Features. The other two buildings, which were completed this month, currently have 261,000 and 137,000 square feet, respectively, available for lease. Heitman acquired the portfolio from a partnership involving Panattoni; the acquisition price was undisclosed.