HOUSTON — An undisclosed, New Jersey-based automotive parts distributor has preleased the entirety of Vault Distribution Center, a 185,413-square-foot industrial building under construction in South Houston. The standalone, rear-load warehouse sits on 12 acres and offers 32-foot clear heights, 137 surface parking spaces, 23 trailer parking stalls, 34 loading docks, two drive-in doors and an ESFR sprinkler system. Tyler Maner and Woody Hillyer of Stream Realty Partners represented the landlord, Vault Partners, in the lease negotiations. The tenant representative was not disclosed. Vault Distribution Center is on pace to be completed before the end of the year.
FORT WORTH, TEXAS — Shearer Supply, a wholesaler and distributor of HVAC parts and systems, has signed a 34,340-square-foot industrial lease at Everman Trade Center in Fort Worth. The four-building, 457,745-square-foot development is located on the city’s south side and features 24- to 32-foot clear heights and 130- to 210-foot truck court depths. Ken Wesson of Lee & Associates represented the tenant in the lease negotiations. Matt Carthey and Thomas Grafton of Holt Lunsford Commercial represented the landlord, Boston-based Cabot Properties.
ARLINGTON, TEXAS — Lee & Associates has negotiated a 33,239-square-foot industrial lease in Arlington. According to LoopNet Inc., the property at 2019-2025 Meridian St. was built on 3.4 acres in 1980, totals 71,973 square feet and features 22-foot clear height and 13 exterior dock doors. Mark Graybill and Reed Parker of Lee & Associates represented the landlord, Chicago-based ML Realty Partners, in the lease negotiations. Adam Curran of Cushman & Wakefield represented the tenant, Centurion Service Group, a platform that connects buyers and sellers of medical equipment.
PHOENIX — Stos Partners has purchased an industrial complex located on 3.3 acres at 620 N. 43rd Ave. in Phoenix. Auto Body Parts LLC sold the asset for $9 million, or $181.77 per square foot. The 49,513-square-foot property features 20- to 22-foot clear heights, eight dock-high doors, four drive-in, ground-level doors, 1,600 AMPS of 277/440 volt power and 4,000 square feet of office space. The property can accommodate a full-building user, a two-tenant user or three separate tenants ranging from 12,000 square feet to 49,513 square feet. Stos plans to implement a capital improvement program to stabilize and re-tenant the asset.
SOUTH PASADENA, CALIF. — Gelt Ventures has completed the disposition of South Pasadena Storage, a self-storage facility located at 919 Mission St. in South Pasadena. An institutional buyer acquired the 677-unit asset for an undisclosed price. Built in 1986 on 1.8 acres, the six-building property includes 642 indoor storage units, 34 outdoor rental spaces and a live/work unit, as well as a site office. ExtraSpace Storage provides third-party management of the property. Adam Schlosser, Chico Le Claire and Keith Phillips of Marcus & Millichap represented the seller in the transaction. The buyer was self-represented.
EAST BRUNSWICK, N.J. — NAI DiLeo-Bram has brokered the $7.2 million sale of a 32,021-square-foot industrial property in the Northern New Jersey community of East Brunswick. The property at 375 Old Bridge Turnpike was built on 1.6 acres in 1971 and features clear heights of 12 to 16 feet and two exterior docks. Kyle Gerace of NAI DiLeo-Bram represented the seller, Kings Cages, and procured the buyer, Kinga Cabinet, in the transaction.
HOUSTON — Partners Real Estate has negotiated a 16,764-square-foot industrial lease in West Houston. According to LoopNet Inc., the building at 3630-3668 Westchase Drive was constructed in 1981 and totals 48,148 square feet. Jon Silberman and Pierce Beyer of Partners represented the tenant, scientific equipment supplier Tecmag, in the lease negotiations. Boone Smith of Stream Realty Partners represented the landlord, Link Logistics Real Estate.
DALLAS —Secondhand Auto Parts has signed a 5,721-square-foot industrial lease in northwest Dallas. The site is located within Bickham Industrial Park, a five-building, 90,016-square-foot development. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Bickham EPA LLC, in the lease negotiations. The tenant representative was not disclosed.
GARDENA, CALIF. — A joint venture between Harbor Associates and Evergen Equity has purchased an industrial portfolio in Gardena from a local investor for $55 million in an off-market transaction. Gardena is in the South Bay area of greater Los Angeles. Located at 690-760 W. 190th St., the portfolio consists of four adjacent buildings ranging in size from 17,000 square feet to 45,000 square feet. The 7.5-acre site is located within the 34 million-square-foot Gardena/Harbor industrial submarket and is immediately next to the I-405/I-110 interchange. Eric Cox, Barbara Perrier and Darla Longo of CBRE represented the seller in the deal.
LIBERTYVILLE, ILL. — Entre Commercial Realty has negotiated two subleases totaling 68,825 square feet in the Chicago suburb of Libertyville. The property at 801 Technology Way is now fully leased and features a clear height of 24 feet, eight truck docks, two grade-level doors and ample parking. In the first transaction, AAT Sales Inc. subleased 24,777 square feet. The provider of food service equipment is relocating and expanding from nearby Northbrook. Rob Elbrecht of Tri State Realty represented the subtenant, while Dan Benassi and Sam Deihs of Entre represented the sublandlord. LED Tranquility Inc., a full-service audio, video, lighting and scenic company, subleased 44,048 square feet. Dan Benassi and Sam Deihs of Entre represented the sublandlord and were the sole brokers for the lease.