CHINO, CALIF. — ODW Logistics Inc. has signed a long-term lease to occupy Building 30 at Majestic Spectrum, a 425-acre business park in Chino. Located at 13725-13835 Pipeline Ave., the facility offers 300,000 square feet of industrial space. ODW provides logistics services for Pioneer Electronics, Edwards Lifesciences and Broan NuTone, among others. Trent Wydle and Justin Wheeler provided in-house representation for the owner-developer, Majestic Realty Co., in the transaction; Tim O’Rourke and Dan McGillicuddy of Los Angeles-based The Staubach Company represented ODW.
SAN DIEGO — Providence Chesapeake LLC has purchased a 50,520-square-foot office building, which is located at 9573-9577 Chesapeake Dr. in San Diego’s Kearny Mesa area. Chesapeake Drive LP sold the property for $14.6 million. Constructed in 1985, the property was 80 percent leased to Northrop Grumman at the time of acquisition. Greg Lewis of Cushman & Wakefield and Eric Thies of BRNIKA Inc. brokered the transaction.
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MIAMI — Christian Lee of CB Richard Ellis’ Institutional Group, Charles Foschini and Christopher Apone of CBREú Melody’s South Florida office and Don Jennewein of the Tampa office represented the seller, Dalfen America, in the $25.8 million sale of InterAmerican Plaza. Miami-based Salgo Investors purchased the 163,129-square-foot office building, which sits atop a four-story parking structure. Centrally positioned between downtown Miami and Coral Gables, the building is 98 percent leased to 37 tenants including South Florida Workforce, Miami-Dade Community College, Healthy Start Coalition, Miami Behavioral Health Center and the Department of Children and Families.
HAMPTON, VA. — Virginia Beach, Va.-based John Duffy of Thalhimer, a member of Cushman & Wakefield Alliance, negotiated the sale of the Hampton North II, a 67,749-square-foot, Class A office building. 81st Partnership sold the 6.87-acre property, located at 303 Butler Rd., to Hampton North L.L.C., for $5.1 million.
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