SPARKS, NEV. — Schnabel Ventures and its partners have acquired Kleppe-Greg Business Park, a 150,000-square-foot industrial flex business park in Sparks, for an undisclosed sum. The five-building park is located at 1215 & 1275 Kleppe Lane, 1250 & 1220 Greg Street and 1455 Deming Way. It will soon undergo a major renovation.
DENVER — WG Enterprises LLC has acquired two industrial buildings in Denver for $3.1 million. The buildings are located at 8100-8300, 8130 and 8131 East 40th Ave. They total 18,158 square feet. WG Enterprises was represented by Greg Knott and Brad Gilpin of Unique Properties. The seller, the Duff Estate, was represented by Alec Rhodes, Tyler Smith and Aaron Valdez of Cassidy Turley.
LAKEWOOD, COLO. — Brown and Caldwell has leased 32,925 square feet of office space in Lakewood. The space is located at 1527 Cole Blvd. The engineering firm was represented by Joe Sigdestad and Ted Harris of Cassidy Turley. The landlord, Denver West Office Leasing Company, was represented by CBRE’s Blake Harris.
PORTLAND, ORE. — Swagelok has leased 22,500 square feet at a commerce park in Portland. The park is located at 5224 NE 158th Ave. The fluid system seller and manufacturer was represented by Niall Travers of Cresa Partners. The landlord, CWOR Commerce Park 10 LLC, was represented by Steven Klein, Peter Stalick and Zach Francis of Kidder Mathews.
FORT WORTH — Norwood Land Services will relocate in mid-October to the Oncor Building in downtown Fort Worth from the city’s west side. Norwood has leased 7,920 square feet on the 13th floor of the 300,347-square-foot building, which is located at 115 W. 7th St. The lease brings the building’s occupancy to 94 percent. Casey Tounget of Coldwell Banker Commercial Alliance’s Dallas office represented the landlord, Benbrooke Electric Partners LLC. Bill Tinsley of Ellis & Tinsley Inc. represented the tenant. Norwood is moving from its current location at 6421 Camp Bowie Blvd.
MCALLEN, TEXAS — Conn’s Inc. has signed a new lease for a 353,602-square-foot distribution center located at 6900 International Parkway in McAllen. Bob Crenshaw, Chuck Berger, David Chew and Paul Douglass of Newmark Grubb Knight Frank represented the owner, Worthington Property Investments LLC, in the negotiations. Billy Gold of CBRE’s Houston office represented the tenant. The facility is located near U.S. Expressway 83 and the Anzalduas International Trade Bridge. Conn’s is an electronics, home appliance and furniture retailer with 11 locations across Texas.
FORT WORTH — Three national retailers have moved into Alliance Town Center, a retail center in Fort Worth owned by Trademark Property Co. Designer Shoe Warehouse (DSW), Men’s Wearhouse and Sleep Experts have all opened at the 1 million-square-foot center. DSW is leasing 15,000 square feet, Men’s Wearhouse is leasing 5,500 square feet and Sleep Experts is leasing 4,500 square feet. Alliance Town Center includes a total of more than 130 retailers, restaurants and entertainment options. Anchor tenants include Belk, Dick’s Sporting Goods, JCPenny, Best Buy, Cinemark Theaters and Kroger Marketplace.
AUSTIN — Mesa West Capital has provided CapRidge Partners with $12.6 million in first mortgage debt to finance the acquisition and lease up of Canyon at Wild Basin, a 74,580-square-foot Class A office complex in Austin. Boston-based Intercontinental Real Estate Corp. was the seller. The three-story building was built in 1999 and is located at 115 Wild Basin Road with highway frontage along Loop 360. The building was 81 percent leased at the time of sale, with tenants including Cloud 8 Sixteen, Alliance Association Management Inc. and Powell & Leon. Andy Scott and Jim Curtin of HFF’s Dallas office arranged financing for the transaction.
EL PASO, TEXAS — AIC Ventures, a private real estate investment fund manager, has acquired a 115,000-square-foot industrial facility leased to Austin Foam Plastics in El Paso. The company designs, manufactures and supplies protective packaging for product manufacturers. Sonny Brown Associates LLC represented the seller. The name of the buyer was not released.
ITASCA, ILL. — Bradford Allen Realty Services has arranged the lease of a 42,435-square-foot office space for Epsilon in Itasca. The global marketing services firm is relocating to 1 Pierce Place from 1100 E. Woodfield Road in Schaumburg. The firm has 60 offices worldwide and more than 5,000 employees. With six offices in the Chicago area, the firm is consolidating its existing Schaumburg location with its office in West Chicago. Ben Azulay and Ryan Moen of Bradford Allen Realty Services represented Epsilon in the lease transaction. Azulay and Moen co-brokered the deal with John Boyle and Denise Orlando of Cassidy Turley’s Boston office. Scott Schroeder of Hamilton Partners represented building ownership.