CARROLLTON, TEXAS — Duro-Last Inc., a Michigan-based roofing systems manufacturer, has opened a new 89,430-square-foot distribution center in Carrollton to serve its central U.S. clients. The new center is located at 2940 Eisenhower St. in the Frankford Distribution Center I, a 153,200-square-foot campus owned by Duke Realty Corp. Duke Realty was self-represented by Matt Hyman. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant in the long-term lease deal.
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FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of a 17,645-square-foot retail property triple-net leased to Backwoods Equipment Co. The property is located at 2727 W. 7th St. in Fort Worth. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, River Sharpe Holdings Ft. Worth, a limited liability company, in the transaction. Backwoods has more than 11 years remaining on its lease.
IRVING, TEXAS — Enterprise Holdings has leased 27,232 square feet of office space in Airport Corporate Center, located at 4201 N. State Highway 161 in Irving. The new location will house 100 employees serving more than 150 local car sites, as well as Enterprise's north Texas commercial truck and car sales operations. Cribb Altman of Cushman & Wakefield's Dallas office represented Enterprise in the transaction. The landlord is Atlas CP LLC. Enterprise will move into its new space in early September. Enterprise Holdings is the operator of Enterprise Rent-A-Car, Alamo Rent-A-Car and National Car Rental.
SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draeger of Colliers International.
LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.
SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.
FALLBROOK, CALIF. – The 33-unit Summerwood Apartments in Fallbrook has sold to an individual/personal trust for $2.7 million. The community is located at 365 W. Clemmens Lane. Aaron Bove and Mike Greiner of Marcus & Millichap’s San Diego office represented both the buyer and the seller, a partnership, in this transaction.
SAN DIEGO — Four Points Business Park, a 124,712-square-foot business park in San Diego, has sold to Brookwood Financial Partners for an undisclosed sum. The three-building business park is located at the intersection of Ruffin Road and Chesapeake Drive in the submarket of Kearny Mesa. It was 84 percent occupied at the time of sale. Brookwood is planning to make significant renovations to the property. This is the firm’s third San Diego-area acquisition in the past 20 months. Brookwood represented itself in this transaction. The seller was represented by Bob Prendergast and Lynn LaChapelle of Jones Lang LaSalle. CB Richard Ellis will act as the center’s leasing agent.
LITTLETON, COLO. – A 4,820-square-foot retail and industrial building in Littleton has sold to an unnamed buyer for $1.2 million. The three-tenant, triple-net-leased property is located at 231-251 West County Line Road. The building is anchored by an Allstate drive-thru claims center. The seller, Advanced Property Services, was represented by Sam Leger and Tim Finholm of Unique Properties, LLC – TCN Worldwide.
SEATTLE — In a move to increase its presence in the United States, Canada-based Ivanhoe Cambridge Inc. has acquired the Wells Fargo Center, a 47-story, Class A office tower in downtown Seattle, for $390 million.Boston-based Beacon Capital Partners LLC was the seller. The transaction marks the region’s largest office sale so far this year, according to thePuget Sound Business Journal.Built in 1983, the office property at Third Avenue and Madison Street includes 983,600 rentable square feet. Of that, nearly 298,900 square feet are available for lease, according to OfficeSpace.com.The skyscraper, which has views of Elliott Bay and downtown Seattle, brings the Canadian investor’s share of Class A space in city’s financial district to almost 8 percent, according to a statement released by Ivanhoe Cambridge. The company has a 50 percent stake in the 943,600-square-foot U.S. Bank Centre, also in the district.Located at 999 Third Ave., Wells Fargo Center is one of Seattle’s tallest skyscrapers. The tower features energy-management and environmental systems, with LEED Gold certification.Ivanhoe Cambridge is the real estate arm of Canadian institutional fund manager Caisse de d