CARROLLTON, TEXAS — Packaging firm Western Industries Corp. has signed a 97,446-square-foot industrial lease at 1200 W. Crosby Road in the northern Dallas suburb of Carrollton. Andrew Gilbert and Keaton Brice represented the landlord, Holt Lunsford Commercial Investments, in the lease negotiations on an internal basis. Mark Miller with NAI Robert Lynn represented the tenant.
WEST WAREHAM, MASS. — Commercial architectural millwork and cabinetry firm Master Millwork will open a new, 67,000-square-foot headquarters facility in West Wareham, located in the southern part of the state. The company will relocate form a 25,000-square-foot space in the same market. Master Millwork intends to hire 30 additional employees to work at the new facility, which is under construction and expected to be complete in January. Rockland Trust provided the company with a $6 million loan to fund construction of the new facility and acquire key pieces of equipment.
MANALAPAN, N.J. — Locally based brokerage firm Sheldon Gross Realty has arranged the $4.9 million sale of a 66,500-square-foot industrial property in Manalapan, about 50 miles south of New York City. The two-building complex sits on a five-acre site and was close to 100 percent leased at the time of sale. Matthew Leonelli of Sheldon Gross Realty brokered the deal. The buyer and seller were not disclosed.
EAST RUTHERFORD, N.J. — Brookaire Co., a supplier of HVAC parts and systems, has signed a 50,358-square-foot industrial lease at 46 Whelan Road in the Northern New Jersey community of East Rutherford. San Francisco-based Terreno Realty Corp. owns the building, which was constructed in 2006 and features a clear height of 30 feet. Kevin Dudley and Nick Klacik of CBRE represented the tenant in the lease negotiations.
AURORA, COLO. — EverWest Real Estate Investors has completed the disposition of a Class A distribution center located at 1953 N. Gun Club Road in Aurora. Terms of the transaction were not released. The mission-critical facility was built in 2012 as a build-to-suit for The Home Depot, which currently operates its Home Depot Pro business line out of the location. The 220,000-square-foot cross-dock building features 32-foot clear heights, 44 dock-high doors, low office buildout, ESFR fire protection, secure fencing and 15 trailer parking stalls. Additionally, the building has the potential to be expanded by 60,000 square feet and 24 additional trailer parking stalls on the east end of the 17.2-acre site. Krystal Arceneaux of EverWest directed the disposition and management of the asset. Trent Agnew, Larry Thiel and Carmon Hicks of JLL represented the seller in the transaction.
LAS VEGAS — CBRE has arranged the sale of Phase I of PSi Commerce Center, a two-building flex industrial property in Las Vegas. Credi Gramercy acquired the asset from Parting Seas Investments for $13.9 million. Tyler Eckland of CBRE represented the seller in the transaction. The buyer plans to use the 73,247-square-foot property as a bakery and food preparation facility. The first phase of PSi Commerce Center comprises a 48,568-square-foot warehouse at 7175 Belcastro St. and a 24,679-square-foot industrial/flex warehouse at 7255 W. Arby Ave.
OKLAHOMA CITY — Tampa-based brokerage firm SkyView Advisors has negotiated the sale of the Shepherd & Mustang Portfolio, a self-storage portfolio in the Oklahoma City area that consists of two properties totaling 145,115 net rentable square feet across 978 units. Scott Schoettlin and Ryan Clark of SkyView Advisors represented the seller, a locally based limited liability company, in the transaction. The buyer is a Texas-based developer that is considering vertically expanding the facilities with climate-controlled space.
GREENWOOD, IND. — CA Industrial and Clarion Partners have broken ground on the Indy South Logistics Center, a two-building speculative industrial development spanning 708,000 square feet in Greenwood, about 12 miles south of Indianapolis. Completion of both buildings is slated for summer 2022. Situated at 955 N. Graham Road, the project will offer immediate access to I-65 and I-465. The Peterson Co. is the general contractor. JLL’s Steve Schwegman and Brian Seitz will market the project for lease.
WILMINGTON, OHIO — Time Equities Inc. (TEI) has acquired three industrial buildings totaling 526,019 square feet in Wilmington, which is located midway between Cincinnati and Columbus. Located along Progress Way, the buildings are fully occupied by PC Connection, DealerTrack and New Sabina Industries. Max Pastor and Brian Soto of TEI led the acquisition. Michael Sullivan of Cushman & Wakefield represented the undisclosed seller.
EAST HANOVER, N.J. — San Francisco-based Terreno Realty Corp. (NYSE: TRNO) has sold an industrial property in East Hanover, located about 25 miles west of New York City, for $32.7 million. The property consists of three buildings totaling approximately 167,000 square feet that are situated on an 11.7-acre site. Terreno Realty purchased the property, which was 88 percent leased to 32 tenants at the time of sale, in September 2013. The buyer was not disclosed.