BRANFORD, CONN. — Brady Corp. has completed the disposition of an 85,000-square-foot light industrial/flex facility in Branford. Situated on 11.2 acres at 20 Thompson Road, the facility sold for $4 million. Brady Corp. plans to lease back 20,000 square feet of the building’s Class B office space. The Geenty Group and Cresa represented the seller, while The Geenty Group represented the undisclosed buyer in the transaction.
GLEN MILLS, PA. — KarMar Realty Group has brokered the sale of an office building located at 1788 Wilmington Pike in Glen Mills. GHS Summit LLC purchased the two-story, 14,500-square-foot office building from Crawford Leasing LLC for $1.45 million. Justin Soss and Donald Grimes of KarMar Realty represented the seller in the transaction.
LOS ANGELES – Keolis Transit America has renewed its lease at Skyview Center at 6053 W. Century Blvd. The facility serves as the company’s North American headquarters. The public transportation provider was represented by Sean Westgate of Cresa Los Angeles. The landlord, Los Angeles World Airports, was represented by Tom Sheets of Cushman & Wakefield.
SAN JOSE, CALIF. – Carter’s has opened a 9,505-square-foot outpost in the Westgate Center in San Jose. The center is located at the northeast corner of Hamilton and Saratoga. It is anchored by Target, Nordstrom Rack, Walmart Neighborhood Market, Nike Factory Store, Old Navy, Burlington Coat Factory, Michaels and Ross. Carter’s was represented by Dawn Greiner and Laura Tinetti of SRS Real Estate Partners. The landlord is Federal Realty Investment Trust.
FREMONT, CALIF. – Bayside Technology Park, a 46,944-squre-foot industrial facility in Fremont, has sold to Crest Properties for $5.3 million. The park is located at 46107-46127 Landing Parkway. The unnamed seller was represented by Steve Kapp of Cornish & Carey Newmark Knight Frank and Jim and Craig Kovaleski of Cassidy Turley.
BELLEVILLE, N.J. — Gebroe-Hammer Associates has arranged three multifamily property sales, totaling $9.2 million and 108 units, in Belleville. In the first transaction, Joseph Brecher and Nicholas Nicolaou of Gebroe-Hammer represented the seller and procured the buyer for the $4.38 million sale of a 43-unit building located at 574-582 Washington Ave. Additionally, Nicolaou and Stephen Tragash, also of Gebroe-Hammer, represented the seller in the $3.8 million sale of a 51-unit property located at 242 Washington Ave. In the final deal, Nicolaou negotiated the $1.1 million sale of a 14-unit property located at 475 Washington Ave. Additional terms and details were not released for the transactions.
SOUTH BRUNSWICK, N.J. — CBRE Group has arranged a 172,249-square-foot lease for Moulton Fulfillment, a full-service order fulfillment house, at 200 Docks Corner Road in South Brunswick. Owned by Prologis, the 1.2 million-square-foot property features 36-foor ceiling heights, 40-by-50-foot column spacing, 136 docks doors, eight drive-in doors, and ample car and trailer parking stalls. Thomas Monahan, Noah Balanoff, Anastasia Lazarides and Bennett Robinson of CBRE represented the tenant, Moulton Fulfillment, in the deal. Additional terms of the transaction were not released.
COPPELL, Texas – ProSource Texas has leased a 22,781-square-foot office space in the Sandy Lake Business Center for its fifth location in north Texas, signing a long-term lease with a purchase option to underwrite its stay. ProSource Texas has just moved into the end-cap space, which was previously occupied by the landlord. As a supplier for the flooring, kitchen and bath industries, ProSource Texas will spend three months building out its new location. The space will be converted into a showroom with additional storefront windows and air conditioning. The anticipated opening is May 1. ProSource Texas will become the fifth tenant in Sandy Lake Business Center. The office/showroom building was developed in 2005 on a four-acre tract, which is a gateway property to the Freeport North park from Texas 121. The property also has easy access to I-635 and TX 114. Whitney Harris of Century 21 Lynch & Associates represented the tenant.
CORAL GABLES, FLA. — Aquarius Capital LLC has purchased Merrick Plaza, an office building located at 2199 Ponce de Leon Blvd. in the heart of the Coral Gables financial district. Aquarius Capital plans to use the property for the corporate offices of Ascendant Commercial Insurance. Tere Blanca of Blanca Commercial Real Estate represented the buyer in the sale. John Lonardo of Sperry Van Ness Commercial Realty represented the seller, 1607 Ponce LLP.
WINSTON-SALEM, N.C. — Ferncroft Capital has purchased Miller Crossing in Winston-Salem for $12 million. The 40,292-square-foot shopping center is anchored by Whole Foods Market. The shopping center is located near the intersection of Miller Street and Stratford Road and is adjacent to the Wake Forest Baptist Hospital campus. Berkeley Capital represented the seller in the transaction while Bank of North Carolina provided acquisition financing. Meridian Realty will continue to handle management and leasing.
