Industrial

HOUSTON-A Houston investor has taken the title to a 45,000-sf warehouse along S. Interstate 35 in a deal brokered by NAI Partners Commercial and Southwest Realty Advisors. The property had carried a $650,000 asking price.

ORANGE COUNTY, CA-As the lack of new construction keeps demand for industrial product high in Orange County, the region's industrial market has remained fairly stable, according to a recently released report by Voit Commercial Brokerage.

CHICAGO-Commercial real estate developer and investor Jupiter Realty Corp. buys four South Carolina warehouses with 510,400 sf from Duke-Weeks Realty Trust. The properties are in an industrial park 10 miles west of Spartanburg.

STAFFORD, TX-The Ludlow Co., a medical products distributor, is boxing up its wares and moving into more space at the five-building Southwest Techniplex. The firm has sealed a five-year deal for 37,772 sf in the flex office and distribution park.

GERMANTOWN, MD-Tucon Construction Corp., based in Dulles, VA, has begun construction on an office and manufacturing building for Acterna, a technology company, to lease from joint venture company Milestone Industrial LC.

PALM BEACH GARDENS, FL-A newly formed subsidiary of locally based Correctional Properties Trust is using the proceeds to finance the acquisition and refinancing of two North Carolina prisons. Palm Beach Gardens is 73 miles north of Miami.

ACTON, MA-W.R. Grace, the Columbia, MD-based chemical company, explores redeveloping portions of its 259-acre former Superfund site here and in Concord. This move is stirring up local activists who contend the site is not clean.

HOUSTON-Tranwestern Commercial Services' Houston office is up and running on a new leasing assignment in the city's south central submarket. The 653,533-sf contract is for the eight-building Main Park Service Center and Main Park Distribution Center.