HOUSTON — Henry S. Miller Brokerage has arranged the sale of 317 Allen Genoa, a 20,000-square-foot office/warehouse located in southeast Houston. Doug Bates of Henry S. Miller represented the seller, CJ Holdings, in the transaction. John Littman of Cushman & Wakefield Texas represented the buyer, Houston Refining, an entity of Lyondellbasell.
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HOUSTON — Coldwell Banker Commercial United, Realtors has secured the sale of 10707 Sharmon, a 10,500-square-foot industrial property located off Sam Houston Parkway in north Houston. Marvin Gerber of Coldwell Banker represented the seller in the transaction. Patrick Wolford of The National Realty Group represented the buyer.
COSTA MESA, CALIF. — A 112,296-square-foot, single-tenant distribution center in Costa Mesa has received $17.7 million in first-lien financing. The building is located at 1650 Sunflower Ave. It was renovated in 2008 and is fully leased to Federal Express Corporation. The 10-year, 4.65 percent fixed-rate loan was arranged by HFF’s John Chun on behalf of Daymark Realty Advisors through Allstate Investments, LLC.
TEMPE, ARIZ. – The Elliot Business Park in Tempe is completing its final phase, which includes 316,000 square feet of investment-grade warehouse distribution space. The park will contain 1 million square feet once it’s completed at the end of 2012. The two buildings are the first speculative industrial projects the Southeast Valley has seen since the first quarter of 2008, according to CBRE’s Phoenix office, which is handling the project’s leasing. One of the buildings has been preleased to Clear Energy Systems. The other 158,000-square-foot building, which is also under construction, is the only available space at the business park. The new buildings were designed by Euthenics Architecture and are being built by DL Withers Constructions. The park is owned by Tempe Marketplace Commerce Associates LLP and its affiliate, Transpacific Development Southwest. CBRE’s Jerry McCormick, John Werstler and Cooper Fratt head up the park’s leasing efforts.
RIALTO, CALIF. – Hillwood Investment Properties and Brookfield Asset Management have received a $12-million acquisition loan for the South Rialto Logistics Center. The 328,691-square-foot industrial building is located at 3700 S. Riverside Ave. It also includes 8.8 acres of developable land and 2,100 square feet of office space. The short-term, first-mortgage debt was provided by Steve Fried of Mesa West. The partnership purchased the property from California Public Employees' Retirement System (CalPERS) in early 2012 in an all-cash transaction. It was the first property acquired by the partnership, which plans to invest up to $1 billion in industrial properties over the next three years.
HOLLYWOOD AND DANIA BEACH, FLA. — KTR Capital Partners has purchased a 13-building industrial flex/warehouse portfolio totaling 520,000 square feet, located in Hollywood and Dania Beach. The properties range in size from 24,000 square feet to 64,000 square feet. The portfolio is 95 percent leased. The company plans to invest additional capital to reposition the assets.
MIAMI — Marcus & Millichap has arranged the $3.25 million sale of a two-tenant, net-leased retail property, located at 12605 Biscayne Blvd. in Miami. The building is leased to T-Mobile, which signed a seven-year lease in 2011, and Smoothie King, which has a five-year lease. Drew Kristol and Kirk Olson of Marcus & Milichap represented the seller, a Miami Beach, Fla.-based limited liability company, in the transaction.
MONCKS CORNER, S.C. — A 29-unit multifamily property, located on Gulledge Street on Moncks Corner, has sold for $1.05 million. David Ingle of NAI Avant's Charleston, S.C., office represented the seller in the transaction. Delaware-based DC Realty Advisors was the buyer.
MILFORD, OHIO — FLF Milford, a Cleveland developer, has purchased a 60,000-square-foot office building at 1700 Edison Drive in Milford for $4.8 million. The property is fully leased to American Nursing Care, which recently signed a 10-year lease renewal for the space. The sale also includes 18.7 acres of land for future development. Nancy Ryan and Jim Ryan of Equity represented the buyer in the transaction. Neyer Holdings II Inc. was the seller.
CINCINNATI AND COLUMBUS OHIO — Pembrook Capital Management has arranged a $5.5 million mezzanine loan for the refinancing of an office and flex building portfolio in Cincinnati and Columbus. The portfolio consists of six buildings totaling 600,000 square feet.