Voit Commercialcompletes $15.2 million lease Two lease transactions, valued at $15.2 million, have been completed for the Anaheim Technology Center in Anaheim, Calif. The center is a five-building, 600,000 sq. ft. manufacturing and industrial project. Kilroy Realty L.P. was represented by Voit Com-mercial Brokerage in the transaction. Targus Corp. leased 200,646 sq. ft. for $10.7 million and Anello Corp. leased 65,380 sq. ft. for $4.5 million.
Sonnenblick-Goldman works financing on Honolulu park A $70 million leasehold mortgage for the Airport Industrial Park at Honolulu International Airport has been arranged by New York-based Sonnenblick-Goldman Co. More than 200,000 sq. ft. of the 913,000 sq. ft. mixed-use office industrial complex will be occupied by duty free shops. Other tenants include Hawaiian Airlines, AT&T, Aramark Corp., DHL and UPS. The project is a multilevel industrial/office property.
Houston joint venture breaks ground on two warehouses In a newly formed joint venture, AMB Property Corp. and Cypress Realty/The Esterbrook Co. have broken ground on the first two buildings planned for the five-building Hempstead Highway Distribution Center. When completed the center will have 540,000 sq. ft. of bulk warehouse space available. One of the buildings under way is a cross-dock facility with 138,000 sq. ft. The other is a front-loading facility with more than 154,000 sq. ft. Completion for the entire project is set for spring 2000. CB Richard Ellis will handle the leasing of space
Champion breaks ground on largest spec warehouse Champion Partners has broken ground on the 630,000 sq. ft. Memphis Trade Center II, the largest speculative warehouse ever to be built in Memphis and the largest spec building currently under construction in Tennessee. A foreign trade zone designation was obtained for this new facility because Memphis, which hopes to grow into an intenational trade center, is attracting more global companies. The Memphis Trade Center II is expected to be completed by mid-year 1999 and is designed to meet warehouse, dist-ribution and light industrial needs. Several projects are being developed.
Hunt Valley Development sells two industrial sites in Texas Two industrial sites at the 900-acre Sharyland Business Park in McAllen, Texas, have been sold by Dallas-based Hunt Valley Development. Argent Property Co., in a joint venture with Rioco Realty, acquired the sites. The purchases included a 7.5-acre site and a five-acre site. A 212,000 sq. ft. building has been completed at the mixed-use site.
Acquisition is first phase of $300 million joint venture-based First Industrial Realty Trust Inc. and Washington, D.C.-based The Carlyle Group, have completed the first phase of a co-investment, closing on approximately $100 million of industrial properties comprising 2.9 million sq. ft. The properties are in Chicago, Dallas, Detroit, Houston, Indianapolis, Milwaukee, Nashville, Tenn. and Tampa, Fla. First Industrial and Carlyle anticipate that the remaining phases of the co-investment, involving acquisition of an additional $200 million of bulk-warehouse and light-industrial properties, will be completed by the end of the year. First Industrial will handle property management.
Jackson-Shaw Co. continues development at Central Park South Construction of Consulate Center Buildings 3 and 4 is under way at Central Park South in Orlando, Fla. An additional 134,860 sq. ft. will be added to the masterplanned center, which includes flex, office and service center product space. At the completion of Consulate Center, Dallas-based Jackson-Shaw will have a total of 646,860 sq. ft. of Class-A space in Orlando Central Park. These projects are being developed in conjunction with Meridian Industrial Trust. Jackson-Shaw, which has been in the Orlando market since 1989, has developed or constructed more than 17 million sq. ft. of office, industrial and hotel properties. This firm cur-rently has over 2 million sq. ft. of projects under development nationally.