CRANBURY, N.J. — Hardware manufacturer Howard Berger Co. Inc. has signed a 60,000-square-foot lease expansion at 324 Half Acre Rd. in Cranbury, bringing its headquarters to 297,000 square feet. Stang Danzig and Jules Nissim of Cushman & Wakefield's East Rutherford, N.J. office represented the owner, US Industrial REIT II, in the deal. CBRE represented the tenant.
DEVENS, MASS. — In a joint venture, Hackman Capital and Calare Properties have acquired the former Evergreen Solar Plant at 112 Barnum Rd. in Devens, for an undisclosed amount. The 448,000-square-foot manufacturing facility is situated on 25 acres. Evergreen Solar constructed the facility in 2010.
MCALLEN — Palio Partners has commenced construction on an 8,500-square-foot retail property, located on a 1.33-acre lot called Renaissance Point at 1304 E. Expy. 83 in McAllen. Dallas-based Genghis Grill will occupy 4,500 square feet of the retail property and the remaining space is available for leasing. Greg Blandford of Dallas-based Position Property Group represented Genghis Grill in the lease transaction. This will be Genghis Grill's 95th location and it is slated to open in August 2012.
HOUSTON — Colliers International has brokered the sale of a portfolio of nine restaurants net leased to Burger King in the Houston area. Marshall Clinkscales and Bill Byrd of Colliers International's Houston office represented the seller, Gramdale, in the transaction. The buyer was Global New Millennium Partners.
VALLEY VIEW — Farmington Hills, Mich.-based Sperry Van Ness/Fortis Net Lease has brokered the sale of the 9,100-square-foot Dollar General, located in Valley View. Robert Bender, Doug Passon and Bryan Bender of SVN/Fortis represented the buyer and procured the seller in the transaction. This is the 15th Dollar General sale that SVN/Fortis has negotiated this year.
TOMBALL — Four D Resources has sold a 33,894-square-foot warehouse, located at 23540 Coons Rd. in Tomball, to Kiss Real Properties. Ron Roberson and Bill Ginder of Caldwell Cos.' Houston office represented the seller in the transaction. Greg Degeurin of Houston-based Degeurin Realty represented the buyer.
FONTANA, CALIF. — Syncreon Technology has leased a 155,000-square-foot industrial property in Fontana. It is located at 14780 Bar Harbor Road. The lease is valued at more than $1.7 million. The property is currently used as a distribution center. Syncreon was represented by Richard Horn and Philip T. Attalla of NAI Capital. The landlord is Intex Properties Inland Empire Corporation.
DENVER – The 42-unit Saint Clair Apartments in Denver has sold to a private investor for $1.9 million. It is located at 4510 West Saint Claire Place. Greg Price, Brian Haggar and Clayton Primm of Marcus & Millichap’s Denver office represented both the buyer and the seller, a tenants-in-common, in this transaction.
San Diego — Resmark Apartment Living and ColRich have formed a joint venture to develop two apartment communities totaling 427 units in south San Diego County. Resmark Apartment Living is a division of the Resmark Companies. The 19.6-acre development site is located is located in the master-planned community of Eastlake, which his adjacent to the U.S. Olympic Training Center in Chula Vista. The 9.5-acre western portion of the property will contain 209 residences, including 170 three-story townhomes and 39 triplexes. The 10.1-acre eastern part of the site will contain 218 residences, 158 of which will be townhomes and 60 that will be triplexes. The development began construction in January. It is scheduled for completion in October 2013. The communities will be managed by Lincoln Property Company.
ATHENS, GA. — Orlando, Fla.-based Roger B. Kennedy Inc. has broken ground on the $13 million, 138-unit The Flats at Easley Mill, a student housing development located at 592 Oconee St. in Athens, close to the University of Georgia campus. Flats at Carrs Hill LP. is developing the property, which was designed by Atlanta-based Gary B. Coursey & Associates-Architects. Completion is slated for June 2013.
