WASKOM, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of an industrial development site in Waskom, located near the Texas-Louisiana border. The site spans 20 acres on the north side of I-20. Ben McCutchin of Younger Partners represented the seller, Johnson Investments, in the transaction. The buyer, JF3 Properties LLC, plans to construct an equipment yard for the existing business on the site.
KINGWOOD, TEXAS — TCGU has signed a 10,412-square-foot industrial lease in Kingwood, located north of Houston. The gaming retailer is taking space at 22001 Northpark Drive, a building that according to LoopNet Inc. was completed in 1991 and renovated in 2012. Steven Hazen and Garth Plyler of Oxford Partners represented the tenant in the lease negotiations. Kurt Weidmann of Old Vine Property Group internally represented the landlord.
CHELMSFORD AND MEDFORD, MASS. — A partnership between two local investment firms, Marcus Partners and Rhino Capital Advisors, has purchased a portfolio of five industrial properties totaling 307,053 square feet in the Boston area. The sales price was $40.5 million. Four of the properties are located in Chelmsford, and the fifth is located in Medford. Citizens Bank provided acquisition financing for the deal. The seller was not disclosed.
MOUNT LAUREL, N.J. — NAI Mertz has brokered the sale of a 106,000-square-foot industrial building in the Southern New Jersey community of Mount Laurel. The building at 116 Gaither Drive was completed in 1982 and features a clear height of 22 feet. Jonathan Klear of NAI Mertz represented the undisclosed buyer in the deal. Dean Torosian, Nate Demetsky and Matt Kemery of JLL represented the seller, Endurance Real Estate Group.
FONTANA, CALIF. — Bridge Logistics Properties (BLP) has acquired a 1.1 million-square-foot multi-tenant distribution facility in Fontana for $174 million in an off-market transaction. Additional details of the transaction were not released. Michael Hefner, Juan Guiterrez and Shy Assar of Voit Real Estate Services Anaheim-Ontario brokerage team represented the buyer in the deal. Situated on 45.9 acres at 10681 Production Ave., the cross-dock distribution center features 220 dock-high loading doors, 185-foot truck courts, 274 trailer parking stalls, an ESFR sprinkler system and immediate access to Interstate 10.
TINLEY PARK, ILL. — Venture One Real Estate, through its acquisition fund VK Industrial VII LP, has purchased a 97,073-square-foot industrial building in the Chicago suburb of Tinley Park. The multi-tenant property was 44 percent leased at the time of sale. Constructed in 2004, the building is demised into five units. It features 13 exterior docks, six drive-in doors and parking for more than 162 cars. The three vacant suites range from 16,566 to 20,924 square feet, each with 1,236 to 3,291 square feet of office space. Each unit provides access to two or three dedicated exterior docks and one drive-in door, along with electrical service ranging from 400 to 1,400 amps. Venture One plans to make improvements to the vacant units, including office renovations, painting, energy-efficient lights and parking lot paving. Josh Hearne of Cawley Commercial Real Estate represented the seller and has been retained to market the property for lease. VK Industrial VII is co-sponsored by Venture One and Kovitz Investment Group.
CHARLOTTE, N.C. — Realterm has purchased a 70,004-square-foot truck terminal and maintenance facility located at 7500 Statesville Road in Charlotte. The 13.7-acre property comprises a 58,184-square-foot, 94-door truck terminal and an 11,820-square-foot, 15-door maintenance shop. FedEx currently leases the fully lit and secured facility, which is situated in close proximity to I-77 and I-85. The seller and sales price were not disclosed.
HOUSTON — W-Industries has signed a 241,712-square-foot industrial lease in North Houston. The provider of infrastructural engineering, automation and cybersecurity solutions will use the space within Champions Business Park to support its electrical manufacturing operations. Jason Dillee, Joseph Smith and Gregory Holmes of CBRE represented the undisclosed landlord in the lease negotiations. Wes Williams of Colliers represented W-Industries.
RINCON, GA. — Transwestern Development Co., along with joint venture partner Transwestern Investment Group, has purchased a 30.7-acre site in Effingham County on behalf of a separately managed account. The ownership group plans to develop two Class A industrial buildings on the site, which is situated within North Gate Industrial Park. The project will include a 240,560-square-foot rear-load building and a 288,000-square-foot front-load building, each designed with 36-foot clear heights, ESFR systems, dock-high doors, multiple points of ingress and egress, 2,500 square foot office suites and ample car parking and onsite trailer storage. Situated near the intersection of Ga. Highway 21 and Old Augusta Road in Rincon, the development will provide direct access to interstates 95 and 16 and offer drayage routes from the Garden City Terminal at the Port of Savannah. The project team includes The Conlan Co., Randall-Paulson Architects and Kern & Co. JLL will provide leasing services. Transwestern plans to begin construction before the end of the year and complete the shell of the two buildings by year-end 2026.
TEMPE, ARIZ. — Creation and LGE Design Build have broken ground on a 6-acre industrial development in Tempe. The project will encompass 120,000 square feet across two buildings, with joint venture partner Pacific Office Automation preleasing one building as its Southwest market headquarters. LGE Design Build is serving as architect and general contractor of the project, overseeing the ground-up construction of Pacific Office Automation’s 75,000-square-foot headquarters, in addition to a 45,000-square-foot building available for lease or sale. The development will feature 32-foot clear heights, a shared truck court and 185 parking spaces, including eight electric vehicle charging stations and 14 bike parking spaces. The project is located at 1400 W. 3rd St. Construction is underway, with completion slated for late 2026.
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