HOUSTON — Lee & Associates has arranged the sale of a 34,482-square-foot industrial asset located at 10130 W. Gulf Bank Road in Houston. Patrick Wolford of Lee & Associates represented the seller, CDG Properties LLC, in the transaction. Joe MacDougall of MacDougall & Co. Inc. represented the buyer, 10130 West Gulf Bank-2019 LP.
BURLESON, TEXAS — Premier Refrigerated Warehouse, a locally based provider of cold storage solutions, has inked a deal to occupy 200,000 square feet at a new facility underway in Burleson, located south of Fort Worth. Austin-based Yukon Ventures and New Jersey-based Saxum Real Estate are co-developing the 400,000-square-foot property. According to the Dallas Business Journal, the facility is valued at approximately $50 million and is expected to be complete by the fourth quarter of 2021.
HIALEAH GARDENS, FLA. — Foundry Commercial has acquired an 18-acre site in Hialeah Gardens with plans to develop a speculative 320,000-square-foot industrial building. The site is situated on NW 107th Avenue between NW 144th and NW 146th streets, about 20 miles northwest of downtown Miami. Orlando-based Foundry Commercial plans to break ground in early 2020 and expects to deliver the asset by the end of 2020. Wayne Schuchts, David Spillers and Bobby Benton of Avison Young represented the buyer in the land acquisition and have been tapped to lease the building. Two undisclosed sellers sold the land to Foundry for an undisclosed price in the off-market transaction.
NORTH BEND, WASH. — Marcus & Millichap has negotiated the sale of Eastside Self Storage, a 50,055-square-foot self-storage facility in North Bend. An out-of-state institutional buyer acquired the property for $12.7 million, or $253 per rentable square foot. Located at 1410 Boalch Ave. NW, the facility features 361 self-storage units spread across 6.1 acres. The asset was built in 2005. Christopher Secreto of Marcus & Millichap’s Seattle office represented the seller, a Washington-based limited liability company, and secured the buyer in the deal.
CHANNAHON, ILL. — Amazon has unveiled plans to open a fulfillment center in Channahon, southwest of Joliet. The facility will create more than 500 new full-time jobs. Employees at the more than 1 million-square-foot center will pick, pack and ship large items, such as sports equipment, patio furniture, fishing rods, pet food, kayaks, bicycles and household goods. Amazon currently employs more than 11,000 full-time associates throughout the state of Illinois.
HOUSTON — Finial Investments has acquired a 23,750-square-foot industrial building located at 203 Blue Bell Road in Houston. The property was fully leased at the time of sale to ACE Steel Supply. Doc Perrier of Finial Group represented the buyer in the transaction on an internal basis. The seller was not disclosed.
JACKSONVILLE, FLA. — Stag Industrial has acquired a 232,488-square-foot warehouse and distribution facility in Jacksonville’s Westside submarket for $14.8 million. The seller, Johnson Development Associates Inc., built the property on a speculative basis. Boston-based Stag Industrial will name the property STAG Westlake. The 32-foot clear height warehouse features 42 truck doors, two drive-in doors, 159 regular parking spots and a large truck court. The property is located at 9779 Pritchard Road, 16 miles southwest of Jacksonville International Airport and 12 miles west of downtown Jacksonville. Tyler Newman and Jacob Horsley of Cushman & Wakefield represented the buyer in the transaction. The team will also oversee leasing of the facility.
MIAMI — Cushman & Wakefield has arranged a 120,590-square-foot lease for Apollo Export within Airport North Logistics Park in Miami. Apollo Export Warehouse Inc. will begin occupying the space in early 2020 and will join tenants such as Nestlé Waters North America, Marine Harvest, Neutralogistics and ECO Window Systems in the now-90 percent leased industrial park. Apollo Export will occupy space in Building 2, located at 8503 NW 80th St., 15 miles northwest of downtown Miami. Airport North Logistics Park comprises four buildings totaling 900,000 square feet. Wayne Ramoski, Gian Rodriguez and Skylar Stein of Cushman & Wakefield represented the landlord, Dallas-based L&B Realty Advisors LLP, in the lease transaction. Chris Spear of ComReal Miami-Doral represented Apollo Export.
HILLSIDE, N.J. — Dallas-based design-build firm ARCO/Murray has completed a 1,200-unit self-storage facility for CubeSmart in Hillside, located just west of Newark Liberty International Airport. The six-story facility spans 145,800 square feet, features climate-controlled space and includes a 1,200-square-foot office.
KANSAS CITY, KAN. — Newmark Grubb Zimmer has arranged the sale of a 517,391-square-foot industrial building in Kansas City for an undisclosed price. Overstock.com, an online furniture and home goods retailer, and Riverside Transport fully occupy the property, which is located at 5300 Kansas Ave. Mark Long and John Hassler of NGZ brokered the transaction. Sealy & Co. purchased the asset from BH Properties.