March 03, 2010
INSTRUMENT DISTRIBUTOR SIGNS 100,000-SQUARE-FOOT LEASE
MT. JULIET, TENN. — KHS America has signed a 10-year lease with Panattoni Development Co. for a 100,000-square-foot building at the Beckwith Farms development in Mt. Juliet. The lease includes an option to purchase the property. KHS, a distributor of musical instruments, will move its corporate headquarters from Austin, Texas, to the development. The property will deliver this summer. Dave McGahren of Colliers Turley Martin Tucker and Austin, Texas-based Commercial Texas' Lee Ellison and Dan Meyer represented the tenant. Colliers Turley's Doug Howard represented the landlord.
CARY SHOPPING CENTER TRADES FOR $2.41 MILLION
Centrum Station Shopping Center has changed hands in Cary, N.C. CARY, N.C. — Marcus & Millichap has brokered the $2.41 million sale of Centrum Station Shopping Center between two undisclosed parties. The 18,001-square-foot retail property is located in Cary. The sale was part of a 1031 exchange. Andrew Margulies of Marcus & Millichap brokered the sale.
52-UNIT JACKSONVILLE APARTMENT COMPLEX SOLD
JACKSONVILLE, FLA. — Walchle Lear Multifamily Advisors has represented an undisclosed party in its $1.5 million sale of an apartment complex to a private buyer. The 52-unit Jacksonville property was built in 1964. The Florida-based firm's Erik Bjornson represented the seller in the transaction.
FIRM LEASES 52,620 SQUARE FEET OF WAREHOUSE SPACE IN LOUISIANA
Sealy & Co. has leased space in its Sealy Ashland Distribution Center in Gonzales, La. GONZALES, LA. — Jackson, Miss.-based MISSCO Corp. d/b/a School Book Supply of Louisiana has signed a 52,620-square-foot lease with Sealy & Co. for space in its Sealy Ashland Distribution Center. The 147,385-square-foot Gonzales property is now 86 percent leased. NAI/Latter & Blum's Ben Johnson represented MISSCO in the lease. Jennifer A. Lee served as in-house representation for Sealy & Co.