FONTANA, CALIF. — Pacific Industrial has broken ground on Sierra Pacific Center, a 744,032-square-foot logistics and distribution facility in Fontana. The Class A facility will be located at 5565 Sierra Ave., near the 15 and 210 freeways. The new center will be situated near the facilities of notable companies like Target, Nordstrom, Under Armor, Black & Decker and OHL. The center is expected to be complete by the first quarter of 2015. Paul Earnhart of Lee & Associates Ontario will act as the exclusive leasing agent for Sierra Pacific Center.
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RANCHO CUCAMONGA, CALIF. — Bixby Land Co. has acquired two contiguous industrial buildings in Rancho Cucamonga for $26.8 million. The buildings are located at 10404 Sixth Street and 10401 Seventh Street. They total 316,197 square feet. Both buildings are fully leased to GiTi Tire USA Ltd. The company uses the buildings for storage and distribution of automobile and truck tires. Both properties also underwent recent improvements, which included new paving, upgrades to the sprinkler systems, improvements to the office areas and landscaping upgrades. Darla Longo from CBRE’s Ontario office represented both the buyer and seller, CT Realty, in this transaction.
DALLAS — HFF has secured $175 million in financing for a seven-property, 5 million-square-foot industrial portfolio in California, Texas and Mississippi. HFF worked on behalf of the borrower, a fund managed by Clarion Partners, to secure a fixed-rate loan through TIAA-CREF. Loan proceeds were used to retire debt on the portfolio. The assets include two properties in San Bernardino, Calif., two in the Dallas area and one in Southaven, Miss. The portfolio is 94.1 percent leased and the properties were built between 2001 and 2005. John Rose led HFF’s team.
OKLAHOMA CITY — Sealy & Co., a commercial real estate investment company headquartered in Dallas, has acquired a Gardner Tanenbaum Holdings project in Oklahoma City through the Sealy Strategic Equity Partners investment fund. The 280,000-square-foot industrial building is located near I-35 and Britton Road in north Oklahoma City. The tenant, utility tape manufacturer ShurTech Brands, recently signed a 15-year lease.
AUSTIN — Karlin Real Estate and developer Trammell Crow Co. have broken ground on Parmer 3.2, a new Class A office building offering 192,000 square feet of prime office space. Parmer 3.2 is the first phase of new construction at PARMER, Karlin’s 400-acre, master-planned technology and office park in Austin. Parmer 3.2 is a three-story office building featuring 64,000-square-foot floor plates designed for either single or multi-tenant occupancy. Construction is expected to be complete in the second quarter of 2015. Parmer is zoned for up to 9 million square feet of office, industrial, hotel and retail use. The development is bordered by McCallen Pass on the west, East Howard Lane on the north, Harris Ridge Boulevard on the east and Parmer Lane on the south, with close access to I-35 and U.S. 183.
SAN ANTONIO — CBRE has brokered the sale of Potranco Village Shopping Center in San Antonio to an unnamed buyer. Texas-based Barshop & Oles Co. sold the asset for an undisclosed price. Potranco Village, located at 430 W. Loop 1604 in the Far West San Antonio submarket, is near the intersection of Highway 90 and Loop 1604. The center includes 18,000 square feet of space and is 100 percent occupied. Tenants include Pei Wei Asian Diner, Wingstop and GNC. Academy Sports + Outdoors shadow-anchors the property. Barshop & Oles Co. will continue to lease and manage the asset for the new owner. Chris Cozby, Chris Gerard and Kevin Holland of CBRE represented the seller in an off-market transaction.
DURHAM, N.C. — CBRE has arranged the sale of Research Commons, a five-building office development totaling 422,483 square feet in Research Triangle Park. The asset is located at 79 T.W. Alexander Drive in Durham. Highwoods Realty LP sold the office park to an affiliate of Greenfield Partners LLC for $58.7 million. Ben Kilgore, Jay O’Meara and Will Yowell of CBRE represented Highwoods Realty LP in the transaction.
CLERMONT, FLA. — Forness Properties has arranged the $9.5 million sale of Golden Eagle Village, a 64,050-square-foot Publix-anchored shopping center located at 2430 U.S. Highway 27 in Clermont. Constructed in 2009, Publix occupies approximately 45,600 square feet at Golden Eagle Village, which was 85 percent leased at the time of the sale. Other tenants include Great Clips, AT&T, Bamboo Garden and a dry cleaner. Drew Forness of Forness Properties, along with Bob Barkett of Barkett Realty Group, represented the seller, Battaglia Group Management LLC, the developer of the shopping center. The buyers include Golden Eagle Ridge I and Equinox Development Properties.
LOUISVILLE, KY. — Nashville-based Elmington Capital Group has acquired Post Oak, a 126-unit apartment community located at 8000 Post Oak Place in Louisville, for $8 million. Elmington purchased the asset from Trade Street Residential. Don Murphy and Kurt Shoemaker of Cassidy Turley’s Cincinnati office represented Elmington in the transaction.
SAVANNAH, GA. — Hart Corp. has arranged the sale of a 142,500-square-foot industrial facility located at 730 King George Blvd. in Savannah. Howard Fertman and Bart Hardison of Hart Corp. represented the buyer, Kimball Midwest, in the transaction.