FORT WORTH, TEXAS — General contractor Speed Fab-Crete has broken ground on a 67,081-square-foot manufacturing and distribution facility for Granite Security Products Inc. in Fort Worth. The single-story facility, to be located adjacent to the Granite Security’s existing office and production headquarters at 4801 Esco Drive, will be the third facility constructed by Speed Fab-Crete for the tenant, a manufacturer of security containers. This design-build development involves a combination of precast concrete and pre-engineered metal superstructure. The project team also includes Callahan & Freeman Architects, Civil Point Engineers Inc., Hulsey Engineering and Leeming Design Group.
Property Type
HOUSTON — Boyd Commercial has brokered the sale of a 30,675-square-foot industrial property in Houston. The building, located on 1.8 acres at 4321 Directors Row, is in close proximity to the interchange of I-610 and State Highway 290. David Munson of Boyd Commercial represented the buyer, 7100 North Loop East Inc., in the transaction. Lucian Bukowski and Wyatt McCulloch of CBRE represented the seller, Max 5 Holdings LLC.
DALLAS — Henry S. Miller Brokerage has arranged the sale of a 10,000-square-foot industrial building in Dallas. Located at 11464 Harry Hines Blvd. and in close proximity to the interchange of I-35 and I-635, the property will be used as a wholesale outlet by purchaser OM Imports, a jewelry and fashion accessory company. Turano represented the seller, Neal Mehta LP, in the transaction.
GILBERT, ARIZ. — Gilbert Town Center, a 159,000-square-foot retail shopping center, has sold to BH Properties for $13.4 million. The Class A center is located at 1040 S. Gilbert Road in Gilbert. The seller was a TIC ownership. The transaction was executed by Greg Valladao of Cushman & Wakefield.
FONTANA, CALIF. — American Bolt & Screw has leased 72,650 square feet of industrial space at a Fontana industrial building. The 186,118-square-foot building is located at 14650 Miller Ave. within the Fontana Commerce Center business park. The five-year lease will commence in April. Walt Chenoweth and Bob Woods represented both the tenant and the landlord, Dolphin Partners, in this transaction.
SAN FRANCISCO — A 12-unit apartment building in San Francisco has sold to a family limited liability investor for $6.4 million. The community is located at 1355 Bay Street in the Marina District. Clinton Textor and Sanford G. Skeie of Marcus & Millichap’s San Francisco office represented both the buyer and the seller, a private investor, in this transaction.
PHOENIX — North Park Plaza, a 101,361-square-foot shopping center in Phoenix, has completed its remodel. The three-building center is located at 5020 W. Osborn Road. It is anchored by Safeway. Notable tenants include Frazee Paint, Peter Piper Pizza, Subway and Great Clips. The property received a new façade, columns wrapped in stone, refreshed landscaping and a two-tone paint scheme. It is owned and operated by Westwood Financial Corp.
CORONA, CALIF. — CHOC (Children’s Hospital of Orange County) Children’s Health Center has opened in Corona. The 5,735-square-foot center is located at 854 Magnolia Ave. Though it is one of several community health centers that CHOC is opening, this is the first facility to service Corona. CHOC signed a lease in late 2013 for the space. It was represented by NAI Capital’s Sonya Dopp-Grech, Steve Lewallen and Ryan Dopp. Bob Bush and John Bosko of the same firm represented the landlord, Magnolia Medical Plaza, in this transaction.
WEST PALM BEACH, FLA. — McCraney Property Co. has plans to develop a new speculative warehouse/distribution center in its Vista Business Park, a 500-acre, Class A business park in West Palm Beach. The two-building, 100,000-square-foot project is the first new construction at the park in five years. City National Bank provided construction financing, Jose Jaramillo of JJ Architectural Group designed the facility and Michael Falk of Michael Falk & Co. LLC is handling leasing responsibilities. McCraney Property Co. expects to break ground in the first quarter of this year.
MIAMI — FA Commercial has arranged the sale of Plaza 8 St. Neighborhood Shopping Center, located at 9600 S.W. 8th St. in Miami. The 55,814-square-foot shopping center was 96 percent leased at the time of sale to tenants including New Era Health Center and Pizza Hut. The property sold for approximately $8.5 million. Fabio Faerman of FA Commercial represented the undisclosed seller in the transaction.