REBusinessOnline

Lockheed Martin Signs 220,000 SF Industrial Lease at TexAmericas Center in Texarkana

TEXARKANA, TEXAS — Defense contractor and aerospace firm Lockheed Martin has signed a 220,000-square-foot industrial lease at TexAmericas Center in Texarkana, located near the Texas-Arkansas border. Lockheed Martin will utilize a portion of the floor space at Building 333, which is currently leased to Red River Army Depot (RRAD), to support the Multiple Launch Rocket System (MLRS) Fleet Expansion Program. The contract with RRAD is valued at $77 million and runs from 2020 to 2024. The building …

NAI Partners Brokers Sale of 6,000 SF Industrial Property in Metro Houston

CYPRESS, TEXAS — NAI Partners has brokered the sale of a 6,000-square-foot industrial property located at 16643 Telge Road in the northwestern Houston suburb of Cypress. Travis Land and A.J. Williams of NAI Partners represented the seller, JDFM Telge LLC, in the transaction. Jared Clayton represented the buyer, GKCG

NAI James Hanson Brokers Sale of 119,592 SF Industrial Building in Totowa, New Jersey

TOTOWA, N.J. — NAI James Hanson has brokered the sale of a 119,592-square-foot industrial building located at 922 Riverview Drive in Totowa, located northwest of New York City. The property features 20- to 26-foot clear heights, 120 automobile parking spaces and 17,000 square feet of office space. Scott Perkins and Christopher Todd of NAI James Hanson represented the seller, 922 Riverview Drive Associates, in the transaction. McBride Corporate Real Estate represented the buyer, Innovative …

LBP Manufacturing Renews 180,417 SF Industrial Lease in Chicago

CHICAGO — LBP Manufacturing, a global food packaging company, has renewed its 180,417-square-foot industrial lease at 1401 N. Cicero Ave. in Chicago. Kris Bjorson of JLL represented the tenant in the lease transaction. ML Realty Partners is the landlord. LBP chose to renew its lease due to the building location and interstate access, according to Patrick Shannon, senior vice president at ML

LPC West, Crow Holdings Acquire 112,000 SF Distribution Facility in Southern California

CHULA VISTA, CALIF. — A joint venture between LPC West and Crow Holdings Capital has purchased 491 C Street, an industrial distribution building in Chula Vista. Terms of the transaction were not released. Approximately 62,000 square feet of low-finish warehouse and distribution space is available for lease at the 112,000-square-foot property. The building features ample truck storage, 10 dock positions, a cross-dock appendage with 10 additional dock positions, 24-foot minimum warehouse …

JLL Brokers $10.5M Purchase of Flex Building in Phoenix

PHOENIX — JLL has arranged the acquisition of a flex building located at 3930 E. Watkins St. in Phoenix. A private charitable foundation acquired the property for $10.5 million. The name of the seller was not released. Situated on 7.9 acres within Southbank Business Park, the building features 101,932 square feet of flex space with 24-foot clear heights, wide column spacing, multiple loading positions and ample parking. Brian Ackerman led the JLL Capital Markets team that represented …

NAI Capital Arranges $11.6M Sale of Office Building in Vernon, California

VERNON, CALIF. — NAI Capital has negotiated the sale of an office property located at 3375 E. Slauson Ave. in Vernon. An undisclosed buyer acquired the building for $11.6 million, or $294 per square foot. Built in 2006 on a 77,389-square-foot lot, the two-story building features 39,409 square feet of flex office space. The property features a high-end corporate office build-out, two passenger/freight elevators, a secured parking lot, full kitchen with lunch room and a training …

ATE Ventures Sells 8,000 SF Cannabis Retail, Industrial Property in Denver for $1.4M

DENVER — ATE Ventures has completed the sale of a flex property located at 3819 Quentin St. in Denver. An undisclosed buyer acquired the building as an investment asset for $1.4 million. A local medical marijuana dispensary and cannabis grow operation occupies the 8,000-square-foot facility, which is situated on a half-acre lot. Greg Knott of Unique Properties/TNC Worldwide represented the seller, while Brian Basham of Basham Commercial represented the buyer in the

Panattoni to Build 855,000 SF Amazon Fulfillment Center Near Nashville

MT. JULIET, TENN. — Amazon will build a $200 million, 855,000-square-foot fulfillment center in Mt. Juliet, about 20 miles east of Nashville. The Seattle-based e-commerce giant expects the center to open in late 2021 and house 1,000 full-time employees. Panattoni Development Co. Inc. is developing the facility. While this will be Amazon’s seventh fulfillment center in Tennessee, it will only be the second to use Amazon Robotics technology, according to the company. At the center, employees …

RealOp Investments Acquires 817,274 SF Industrial Property in Memphis

MEMPHIS, TENN. — RealOp Investments has acquired Southwind Distribution Center, an 817,274-square-foot industrial property in Memphis. The property is situated at 8400 Winchester Road across the street from the FedEx World Headquarters and 13 miles east of Memphis International Airport. The property was vacant at the time of sale, with Nike Inc. being the previous tenant. The Greenville, S.C.-based buyer is planning to upgrade the interior of the building, paint the exterior, upgrade the ESFR …

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