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Industrial

MC820-Logistics-Fort-Worth
DevelopmentIndustrialTexas

Creation, Crow Holdings to Develop 451,032 SF Industrial Project in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Phoenix-based developer Creation and a fund advised by Crow Holdings Capital will develop a 451,032-square-foot industrial project in North Fort Worth. Known as MC820 Logistics, the development will consist of three buildings on a 38-acre site that will have parking for 473 cars and 42 trailers. LGE Design Build is leading the architecture and construction aspects of the project in collaboration with Manhard Civil Consulting. The first phase of construction is scheduled to begin this summer and to be complete in late 2026. Holt Lunsford Commercial has been tapped as the leasing agent.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of Self-Storage Facility in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of a self-storage facility in the northern Dallas metro of Carrollton. Extra Space Storage operates the facility, which was built in 1996 and expanded in 2001. The facility totals 114,236 net rentable square feet of space across 143 climate-controlled units, 448 drive-up units, six office suites and 101 uncovered parking spaces. Brandon Karr of Marcus & Millichap represented the buyer and seller, both of which were locally based entities that requested anonymity, in the transaction.

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IndustrialLeasing ActivityTexas

Stream Realty Negotiates 68,342 SF Industrial Lease in Missouri City, Texas

by Taylor Williams

MISSOURI CITY, TEXAS — Stream Realty Partners has negotiated a 68,342-square-foot industrial lease in Missouri City, a southwestern suburb of Houston. According to LoopNet Inc., the building at 411 Cravens Road was built in 2020 and totals 290,373 square feet. Jeremy Lumbreras and Woody Hillyer of Stream represented the landlord, a partnership between New York-based Clarion Partners and 4M Investments, in the lease negotiations. Hunter Johnston of Bridge Commercial Real Estate represented the tenant, Jelly Comb Corp., a provider of computer keyboards and other office communications devices.

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IndustrialLeasing ActivityTexas

Hanwha Power Systems Americas Signs 27,500 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Hanwha Power Systems Americas, which serves the oil and gas industry, has signed a 27,500-square-foot industrial lease in northwest Houston. The space is located at 8810 Wendigo Place. Ryan Hartsell and Austen Buckalew of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Travis Land and Braedon Emde of Partners Real Estate represented the landlord, United Equities.

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3341-Hancock-St-San-Diego-CA
AcquisitionsCaliforniaIndustrialOfficeWestern

Pacific Coast Commercial Arranges $3.6M Sale of Office, Industrial Building in San Diego

by Amy Works

SAN DIEGO — Pacific Coast Commercial has arranged the sale of an 11,700-square-foot office and industrial building located at 3341 Hancock St. in San Diego. The transaction also included two adjacent vacant parcels. Simon & Associates LLC sold the asset to SOMO Properties LLC for $3.6 million. Tommas Golia, Jason Vieira and Colton Speas of Pacific Coast Commercial represented the seller, while Trent Smith of Cushman & Wakefield represented the buyer in the transaction.

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AcquisitionsIndustrialNew JerseyNortheastOffice

CBRE Brokers $12.7M Sale of Industrial, Office Complex in Rockaway, New Jersey

by Taylor Williams

ROCKAWAY, N.J. — CBRE has brokered the $12.7 million sale of Pine Street Commons, an industrial and office complex located in the Northern New Jersey community of Rockaway. The property consists of six buildings on a 17-acre site. According to LoopNet Inc., the property was built in 1955 and totals 63,050 square feet. Charles Berger and Jeffrey Babikian of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Pine Street Commons was approximately 95 percent leased at the time of sale.

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IndustrialLeasing ActivityTexas

Cotton Commercial USA Signs 124,000 SF Industrial Lease in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Cotton Commercial USA, a division of Houston-based Cotton Holdings Inc. that provides home restoration and similar services, has signed a 124,000-square-foot industrial lease in Brookshire, a western suburb of Houston. The space is located within Empire West Business Park, a 2.3 million-square-foot development. Jeremy Lumbreras, Matteson Hamilton and Justin Robinson of Stream Realty Partners internally represented the landlord in the lease negotiations. David Buescher and Jeff Cairns of JLL represented the tenant.

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AcquisitionsIndustrialTexas

Triten Real Estate Acquires 4.5-Acre Industrial Outdoor Storage Facility in Selma, Texas

by Taylor Williams

SELMA, TEXAS — Houston-based investment firm Triten Real Estate Partners has purchased a 4.5-acre industrial outdoor storage (IOS) facility in Selma, a northeastern suburb of San Antonio. The IOS facility at 16915 Alamo Parkway houses a 6,556-square-foot warehouse and office building with five dock doors. The seller and sales price were not disclosed.

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AcquisitionsCaliforniaIndustrialWestern

CBRE Negotiates $13.1M Sale of Industrial Portfolio in Otay Mesa, California

by Amy Works

OTAY MESA, CALIF. — CBRE has negotiated the sale of an industrial portfolio in San Diego. Otay Condo LLC acquired the asset from an undisclosed seller for $13.1 million. Matt Harris and Matt Pourcho of CBRE represented the buyer in the deal. Totaling 54,636 square feet, the portfolio includes a 19,292-square-foot property at 8662 and 8580 Avenida de la Fuente and a 13,458-square-foot facility at 1641 Pacific Rim Court, as well as 10 industrial commercial condominiums ranging in size from 533 square feet to 3,714 square feet. All condos are under 5,000 square feet and most include grade-level doors and/or shared access to a dock well. Situated in South San Diego County, Calif., the portfolio offers easy access to Interstate 805 and State Route 905.

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3670-W-Oquendo-Rd-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

Intermountain Lock & Security Supply Buys 28,420 SF Industrial Facility in Las Vegas

by Amy Works

LAS VEGAS — Intermountain Lock & Security Supply Co. has purchased an industrial facility, located at 3670 W. Oquendo Road in Las Vegas, for $7.9 million as part of a 1031 exchange. The company will use the 28,420-square-foot property to expand its operations in the region. Jeremy Green and Mike Catt of Kidder Mathews represented the buyer in the deal. The name of the seller was not released.

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