JERSEY CITY, N.J. — CenterPoint Properties has acquired 101 Linden Avenue East, a 74,304-square-foot industrial building in Jersey City, a western suburb of New York City. The site offers 50 automobile spaces and comes with an extra 1.5 acres of land that can accommodate parking spaces for 55 delivery vehicles and includes a 3,000-square-foot vehicle maintenance facility. Additionally, the property possesses approximately 30,000 square feet of temperature-controlled warehouse. Stan Danzig, Steve Elman, Jules Nissim and Michael Terranova of Cushman & Wakefield represented the undisclosed seller in the transaction.
FORT WORTH, TEXAS — Locally based developer Hunt Southwest has landed a tenant for a full-building, 300,000-square-foot lease at DFW Coldspot, the company’s speculative cold storage facility located within Carter Industrial Park in Fort Worth. The tenant is Emergent Cold, a cold chain solutions firm with a significant presence in Australia. Hunt Southwest estimates occupancy will occur in late first quarter 2020. David Sours and Kevin Kelly of CBRE’s Food Facilities Group represented Hunt Southwest in the lease negotiations. David Norrie, also a cold storage specialist with CBRE, represented Emergent Cold. A number of other food and beverage distributors, including Tyson Foods, Schwan Food Co., Mother Parker’s Tea & Coffee and MillerCoors occupy space within Carter Industrial Park, which is near both Interstates 35 and 20 on the city’s south side.
BIRMINGHAM, ALA. AND COLUMBUS, GA. — BCDC and Adevco have broken ground on two Extra Space Storage facilities, one in Birmingham and one in Columbus. The property in Birmingham will feature 732 climate-controlled units across 100,050 square feet. The building will be located at 2864 Acton Road, eight miles south of downtown Birmingham. Great Southern Bank provided construction financing for the three-story building, which is scheduled for delivery in September 2020. The Extra Space in Columbus will offer 780 units in a 100,080-square-foot building located at 7350 Blackmon Road, 13 miles northeast of downtown Columbus. Georgia’s Own Credit Union provided construction financing for the facility, which is slated for completion in summer 2020.
DALLAS — Gergef Auto Parts has signed a 110,800-square-foot industrial lease at 4012 W. Illinois Ave. in Dallas. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Matt Elliot of NAI Robert Lynn represented the landlord, Illinois Avenue Capital Partners LLC.
CANTON, GA. — Bright-Meyers-Sasser Storage 1 (BMS Storage) has opened Canton Storage, a 66,608-square-foot, 583-unit facility in Canton. The property is located at 150 Reinhardt College Parkway, seven miles from Reinhardt University and three miles from Chattahoochee Technical College. Absolute Storage Management will provide management services.
CARLSTADT, N.J. — JLL has brokered the $15 million sale of an industrial property in Carlstadt, a western suburb of New York City. The 102,611-square-foot production and warehouse building features 24-foot ceiling heights, three drive-in doors and office space. At the time of sale, the building was 100 percent leased to tenants including visual marketing company Coloredge and health supplement manufacturer Amazing Vitamins. Jose Cruz, Marc Duval, Jordan Avanzato and J.B. Bruno of JLL represented the seller, SPI 190 Jony LLC, in the transaction. Boston-based Cabot Properties was the buyer.
CHELSEA, MASS. — Cushman & Wakefield has brokered the sale of 22 Willow Street, a 287,856-square-foot industrial property in Chelsea, a northern suburb of Boston. The asset is situated within an 8.4-acre industrial complex leased to 52 tenants across a variety of industries. Rob Byrne, Scott Gredler, Pete Rogers, Mary Kensinger, Phillip Verre and James Murphy of Cushman & Wakefield represented the seller, Everett Place LLC. The buyer was a joint venture between Berkeley Partners and the Seyon Group.
HOUSTON — Transwestern Development Co. (TDC) has broken ground on Sam Houston Distribution Center, an 833,720-square-foot industrial project in northwest Houston. The Class A development will consist of three buildings and is scheduled for completion in the second quarter of 2020. The front-load and cross-dock buildings will range from 138,720 to 494,800 square feet and can accommodate users from 35,000 to 833,720 square feet. The ceiling heights range from 32 to 36 feet. The property also offers land for added trailer storage or a build-to-suit opportunity, as well as ample car parking and trailer stalls.
TYLER, TEXAS — Marcus & Millichap has brokered the sale of a 733-unit portfolio of self-storage facilities located in and around Tyler, about 100 miles east of Dallas. The portfolio spans 103,582 net rentable square feet. Dave Knobler, Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a private investor, in the transaction. The trio also secured the buyer, a DFW-based owner-operator.
KENT, WASH. — BKM Capital Partners has purchased West Valley Business Park, an industrial asset located at 19226 66th Ave. in Kent, approximately 13.5 miles from downtown Seattle. Entera Properties sold the park for $30.4 million in an off-market transaction. Totaling 205,655 square feet, the industrial park consists of 179 units in 19 buildings. Originally constructed in 1982, the property was 92 percent leased to 164 tenants at the time of sale. BKM plans to invest approximately $1.2 million in capital improvements to renovate and reposition the property. Both the seller and buyer were self-represented in the deal.