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CITY OF COMMERCE, CA-A used clothing firm and a plastics manufacturer ink deals, with a combined value of $912,000, for a 40-year-old building. One new deal uproots a North American distribution operation from Downtown LA.
CHICAGO-Midway Broadcasting Corp. has paid $950,000, or $50,000 more than what U-Store-It paid for the property at 1000 E. 87th St. about six months earlier, for a 56,690-sf building that was once part of the Soft Sheen Products campus.
CITY OF INDUSTRY, CA-Seller Snyder Langston Operon Group gets an average of $76 per sf for the six buildings, which range from 22,298 sf to 66,281 sf. The buyers of the combined 218,896 sf mostly are owner-users.
DALLAS-A quartet of renewals pass muster in Dallas, inside and outside the CBD, as well as Carrollton and Arlington. A outsource company for background checks adds another 2,500 sf to its 5,055-sf office for the largest completed pact.
HOUSTON-Sun Development of Houston buys the industrial site, with a 20,000-sf building, from K2 Industrial Services. The shoppers, including the buyer, were attracted to the development potential for a truck stop. Sources say the site went for $500,000 plus.
HOUSTON-Investment Co. of the South spends about $1.9 million for a West Houston development site that's been on the market at least three years. With the sale closed, the buyer is planning to break ground in 30 days on the Ranch at Barker Cypress.
DALLAS-Seventy units bring "north of $3 million" for a Dallas investor ending a 10-year hold. The Town Creek Condominiums will remain rental properties, giving the new owner majority control of the homeowners group.
MIAMI-Industry Veteran Gary Koenig of Fortune International has been sales director for several of the company's projects in the last five years. The Collins is a 15-story condominium conversion in North Miami Beach, FL.
DENVER-Former airport site is on its way with the opening of its first neighborhood park. In addition to eventually increasing the city's park space by 25%, the urban infill development will include new housing, retail, industrial and office space.