JRS Investments LLC shelled out $2.95 million for three lots totaling 5.3 acres at the Nevada Street and El Prado Court business park, where the candy vendor plans to build a distribution center on the site.
A second parcel totaling 1.4 acres was purchased for $194,584.93 by Barefoot Beach Club Inc. Mike Haenel, senior vice president with Grubb & Ellis Co.'s industrial advisory division, tells GlobeSt.com that the firm plans to hold the land as an investment.
The 135-acre business park, located near Arizona and Warner Avenues, has generated tremendous interest among investors, Haenel said. "Within the last 18 months, we've sold 25 acres and we have three users who are looking to buy another 25 acres," he said.
Haenel, along with Andy Markham and Marc Tuite, all with Grubb & Ellis, represented seller SunAmerica Life Insurance Co. in the recent sales transactions. JRS Investments was represented by Jack Schweiker with John Hall & Associates and John Graves of Ross Brown Partners negotiated on behalf of Barefoot Beach Club.
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