CARLSBAD, CALIF. — Versum Materials US has acquired a building at Palomar Oaks Tech Center in Carlsbad from Bemer USA for $5.7 million. Located at 1989 Palomar Oaks Way, the asset offers 19,601 square feet of flex space. Jeff Abramson of Lee & Associates North San Diego County represented the seller, while Casey Sterk of JLL and Greg Bisconti represented the buyer in the deal.
ENGLEWOOD, COLO. — NorthPeak Commercial Advisors has arranged the sale of an industrial building located at 2931 S. Tejon St. in Englewood. The 11,000-square-foot asset traded for $1.7 million, or $155 per square foot. Drew Williams, Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the undisclosed buyer and undisclosed seller in the deal.
NEW YORK CITY — Affiliates of Centerbridge Partners LP and GIC Real Estate Inc. have entered into an agreement to acquire INDUS Realty Trust Inc. (Nasdaq: INDT) in an all-cash transaction valued at approximately $868 million. Participating members of INDUS’ board of directors have unanimously approved the deal. Under the terms of the merger agreement, INDUS stockholders will receive $67 per share in cash. That figure represents a premium of 17 percent to the company’s closing stock price on Nov. 25, the date of Centerbridge’s initial public announcement that it intended to issue a takeover offer with GIC to acquire INDUS. “The transaction delivers immediate and significant value to our stockholders, and we believe it validates the quality of the platform and portfolio we have built over INDUS’ long history,” says Michael Gamzon, president and CEO of INDUS. INDUS, a New York City-based industrial REIT, owns 42 buildings totaling roughly 6.1 million square feet in Connecticut, Pennsylvania, North Carolina, South Carolina and Florida. The deal is expected to close this summer and is subject to customary closing conditions. Upon completion of the transaction, INDUS’ common stock will no longer be listed on Nasdaq and INDUS will become a privately held …
HALTOM CITY, TEXAS — Marcus & Millichap has brokered the sale of Haltom City Self Storage, a 328-unit facility located on the northern outskirts of Fort Worth. The property was built in 1985 and totals 39,570 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a Dallas-based private investor, in the off-market transaction. The duo also procured a Phoenix-based investment firm as the buyer. Both parties requested anonymity.
AUSTIN, TEXAS — The Kroger Co. (NYSE: KR) has opened a 70,000-square-foot delivery service center in Austin. The Cincinnati-based grocer signed a six-year lease to occupy one of three buildings at Tuscany Logistics Center, a 373,648-square-foot development on the city’s northeast side. Target (NYSE: TGT) and Diligent Delivery occupy the other two buildings at Tuscany Logistics Center, which is owned by Dallas-based Dalfen Industrial.
LITTLE ROCK, ARK. — Sealy & Co. has purchased a 185,475-square-foot industrial property located at 6001 Lindsey Road in Little Rock. The firm acquired the property for an undisclosed amount in an off-market deal at below replacement costs. Jason Gandy and Brooks Burgin led the transaction for Sealy & Co. on an internal basis. Andrew Wiechern of Colliers represented the seller, Tempus Realty Partners. The Class A, multi-tenant warehouse has a brand new TPO roof, as well as 22 dock doors, one drive-in door, 120-foot truck court, 24-foot clear heights and front-load configuration.
MOONACHIE, N.J. — A partnership between Illinois-based Venture One Real Estate and Kovitz Investment Group has purchased a 21,594-square-foot industrial building in the Northern New Jersey community of Moonachie. The freestanding building was constructed in 1985 and features 22-foot clear heights and 3,332 square feet of office space. James McNerney of McBride Corporate Real Estate represented the buyer in the transaction.
AURORA, ILL. — Engineering and consulting firm Crawford, Murphy, Tilly Inc. has renewed its 18,000-square-foot industrial lease at 550-600 N. Commons Drive in Aurora. Jon Springer and Gary Fazzio of CBRE represented the tenant. Clear Height Properties owns the building.
RICHMOND, VA. — Sapporo USA Inc. has signed an office/warehouse lease at Sauer Industrial Center, an industrial park located at 943 S. Airport Drive in Richmond. The beer manufacturer will occupy 149,030 square feet at the property. Cliff Porter of Porter Realty represented the landlord, Becknell Industrial, in the lease negotiations.
FRANKLIN, OHIO — Marcus & Millichap has brokered the sale of a two-property self-storage portfolio in Franklin, which is located about midway between Dayton and Cincinnati. The sales price was undisclosed. The facilities, which are located within a mile of each other, feature a combined 273 non-climate-controlled units, 61 rentable parking spaces and two rentable office spaces. The portfolio is 78 percent occupied. Gabriel Coe, Brett Hatcher and Nathan Coe of Marcus & Millichap represented the seller, a limited liability company. The portfolio sold to an out-of-state buyer as part of a multi-state portfolio sale.
