The property has been pre-leased by Metrie Inc., a manufacturer and supplier of solid wood and composite molding.
Construction on the new building was completed earlier this year with Metrie set to take occupancy by summer.
CapRock Partners in Newport Beach has completed Spanish Ridge Industrial Park in Las Vegas. The complex has three buildings spanning a total 230,899 square feet and is partially pre-leased. CapRock Partners also announced it has wrapped up work on two Class A industrial distribution facilities in Las Vegas.Tropical Logistics Phase II has three single-tenant buildings in 442,780 square feet. The firm said all of the buildings are pre-leased though it declined to provide the tenant names.
CapRock, with $2.7 billion of assets under management or advisement, said it is actively buying industrial properties in the western and central U.S., typically investing $20 million and $100 million per acquisition. Kellie Reed has been promoted to vice president of sales and healthcare at Tangram Interiors’ Newport Beach office. She first joined Tangram in 2012 as general manager in the Central Valley market and then shifted three years ago to Orange County director of sales. The firm said Reed was a key player in establishing its presence in the Central Valley when she also acquired responsibility for Tangram’s Bakersfield operations.
Bill Roberts has joined Irvine-based Ware Malcomb as its general counsel. In this new role, he will oversee the firm’s legal functions. Roberts also is a member of the advisory council of the Risk Management Program at the USC.
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