LAS VEGAS — GLM Cabinets has purchased an industrial building located within Matter Business Park @ Warm Springs in Las Vegas. Matter Business Park @ Warm Springs sold the asset for $2.1 million. Located at 7930 W. Warms Springs, Suite 170, the property features 12,878 square feet of industrial space. Dan Doherty, Paul Sweetland, Jerry Doty and Chris Lane of Colliers International represented the seller in the deal.
KYLE, TEXAS — Amazon has signed a lease to occupy a roughly 308,000-square-foot facility at Kyle Crossing Business Park in metro Austin, where the e-commerce giant will operate a sortation facility that will employ as many as 200 people. Majestic Realty, a developer based in Southern California, is the owner of the 40-acre Kyle Crossing Business Park, which is located just one block west of Interstate 35. The news follows Amazon’s announcement to open an 820,000-square-foot distribution center in Pflugerville, a northern suburb of Austin.
IRVING, TEXAS — Holt Lunsford Commercial has negotiated an 8,346-square-foot industrial lease at 8080 Tristar Drive in Irving. According to LoopNet Inc., the property was built in 1980 and totals 137,237 square feet. Canon Shoults, Josh Barnes and Maddy Canty with Holt Lunsford Commercial represented the landlord, KFG Investments, in the lease negotiations. Elizabeth Jones with JLL represented the tenant, Progressive Healthcare Solutions LLC.
PISCATAWAY, N.J. — CBRE has negotiated a 66,375-square-foot industrial lease at Centennial Commerce Center in the Northern New Jersey city of Piscataway. The property was built in 2019, spans 277,830 square feet and offers proximity to Interstate 287, Port Newark-Elizabeth and Newark Liberty International Airport. Building features include 36-foot clear heights, 261 parking spaces and land for construction of additional parking spaces. Mindy Lissner, Robert Pine and Ben Shapiro of CBRE represented the landlord, Penford Group, in the lease negotiations. CBRE also represented the tenant, appliance manufacturer Fisher & Paykel.
ELK GROVE VILLAGE, ILL. — Brett Anthony Foods has completed a 15-year sale-leaseback transaction with Clear Height Properties that will enable the commercial kitchen company to more than double the size of its Elk Grove Village operations. The transaction involved two adjacent properties located at 1350 and 1250 Greenleaf Ave. Brett Anthony Foods currently occupies the 53,831-square-foot building at 1350 Greenleaf. Additionally, plans call for the development of an approximately 10,000-square-foot structure that will connect the two buildings. The total project capitalization, including acquisition, development and tenant improvement costs, is estimated at $16 million. Brett Anthony Foods was founded in Northbrook in 2009 and produces ready-made foods for full-service restaurants, groceries and delis, wholesale distributors, hospitality services and catalog foods companies. Clear Height Properties acquired that building along with the adjacent 50,683-square-foot property. This month, Clear Height intends to begin construction on the connecting structure. Jason Lev of CBRE represented Brett Anthony Foods in its sale of 1350 Greenleaf. Brian Colson of Avison Young represented the undisclosed seller of 1250 Greenleaf.
SANGER, CALIF. — Fort Worth, Texas-based MAG Capital Partners has completed the acquisition and 20-year leaseback of a baby food manufacturing facility in California’s Central Valley. Led by Principals Dax Mitchell and Andrew Gi, MAG Capital purchased the fully leased property from Initiative Foods, a private label baby food manufacturer, for an undisclosed price. Located at 1945 Industrial Way in Sanger, the 28,500-square-foot property was built to suit for the tenant-seller, which produces more than 50 varieties of organic products made from locally sourced fruits and vegetables. The facility was completed in November 2019. Mary Garnett and Jim Tuesley of Barnes & Thornburg represented the buyer, while Chelsea Mandel of Stream Capital Partners represented the seller in the transaction.
JACKSONVILLE, FLA. — Alliant Credit Union has provided a $16.2 million refinancing loan for a 194,000-square-foot industrial/flex property in Jacksonville. The five-year, non-recourse loan has a 30-year amortization schedule. The building was 90 percent leased at the time of the refinancing to tenants including Konica Minolta and Fresenius Medical Care. The asset is situated at 9143 Philips Highway, 14 miles south of downtown Jacksonville. Jacob Cohen of Walker & Dunlop originated the loan on behalf of the undisclosed borrower.
GOODYEAR, ARIZ. — DAUM Commercial Real Estate Services has arranged the acquisition of two industrial properties totaling nearly 36,500 square feet in Goodyear, a western suburb of Phoenix. A private investor acquired both buildings for a total of $4.9 million. The two properties feature warehouse and office space, truck wells, grade-level doors, PAD zoning, fenced yards and at least 20-foot clear heights. The assets are located at the intersection of North 137th Avenue and West Auto Drive in Palm Valley Crossing, a larger development that Hopewell Development completed earlier this year. Trevor McKendry and Chris Rogers of DAUM’s Phoenix office represented the buyer in the deal.
SANTA FE SPRINGS, CALIF. — Valore Ventures has completed the disposition of a flex industrial property located at 15511 Carmenita Road in Santa Fe Springs. An Orange County, Calif.-based private investor acquired the asset for an undisclosed price. Built in 1998, the 28,542-square-foot property features 11,437 square feet of office space spanning two floors and 17,105 square feet of one-story industrial warehouse space with 22-foor clear heights at the rear of the building. Additionally, the asset offers a gated parking lot, two drive-in doors and two grade-level doors. At the time of sale, the property was fully leased. Peter Bauman of Marcus & Millichap Phoenix represented the seller, Kenny De Angelis of Valore Ventures, in the deal.
BATAVIA, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial V LP, has acquired a 488,571-square-foot industrial building located at 601-605 Kingsland Drive in Batavia. The purchase price was undisclosed. The building is fully leased to two tenants. Constructed in 1996, the property was expanded in 2002. It sits on 26.9 acres and features 25 exterior docks, three drive-in doors and parking for 414 cars. There is an additional 7.3 acres on the site that can accommodate more car parking, truck parking or a 132,737-square-foot building expansion. Jeff Devine and Steve Disse of Colliers International represented the undisclosed seller. VK Industrial V LP is a partnership between Venture One and Kovitz Investment Group.