FORT WORTH, TEXAS — Stream Realty Partners has arranged the sale of a 217,565-square-foot industrial property located at 10705 North Freeway in Fort Worth. According to Commercial Real Estate Exchange Inc., the property, which fronts Interstate 35, spans six buildings across 54.9 acres that feature 14- to 25-foot clear heights. Seth Koschak and Forrest Cook of Stream Realty Partners represented the buyer, M2G Ventures, in the transaction. Michael Newsome and Todd Hubbard of NAI Robert Lynn represented the seller, KLM Partners.
OKLAHOMA CITY — Locally based developer Gardner Tanenbaum Holdings (GTH) is underway on construction of a 156,000-square-foot industrial facility in Oklahoma City for Corken Inc., a provider of pumps and compressors. Situated within the 104-acre Britton Road Commerce Park, the property offers convenient access to Interstate 35. Corken will utilize the facility, which is expected to be complete in late 2019, for manufacturing and office uses. Metropolitan Capital Advisors arranged debt for the project through Centennial Bank.
WIND GAP, PA. — Dermody Properties, a Nevada-based investment and development firm, has broken ground on a 557,820-square-foot industrial project in Wind Gap, located in the Lehigh Valley region of Pennsylvania. The two-building complex will be situated on 73.1 acres about 80 miles from the Port of New York and New Jersey. Building 1 will span 349,920 square feet and Building 2 will total 207,900 square feet, with both facilities featuring 36-foot clear heights. Construction of Building 1 is expected to be complete by the fourth quarter, and construction of Building 2 is slated for completion in early 2020. Lee & Associates is handling leasing of the property, which will be marketed to e-commerce users. Vertek Construction is the general contractor.
EL MONTE, CALIF. — Mutual Trading Co., a Japanese food, beverage and restaurant supply specialist, has leased 299,786 square feet of space at Goodman El Monte Logistics Center, an industrial facility under development at 4300 Shirley Ave. in El Monte. Goodman Group owns and manages the project, which will be a two-building, 1.2 million-square-foot tech-enabled logistics facility, with additional leasing opportunities available for up to 935,657 square feet. Slated for delivery fourth-quarter 2019, the property will feature 36-foot clear heights, minimum 185-foot concrete truck courts, 164 trailer stalls, 24/7 operations and site security, 147 dock doors, offices to suit, an ESFR sprinkler system, a LEED-certified shell, and close proximity to major freeways, airports and ports. Mutual Trading Co. is upgrading and consolidating its five previous locations into one by expanding to a bigger and more modern facility to support its U.S. growth. The company plans to move into the new space in November.
WAYNE, MICH. — Dominion Real Estate Advisors has brokered the sale of an 11,050-square-foot industrial building in Wayne for an undisclosed price. The property is situated at 39115 Maple Road. BTS Logistics Inc., a Michigan-based trucking company, purchased the building. Andrew Boncore and Ralph Steinbrink of Dominion represented the seller, BKG Dominion Maple LLC.
WHITE MARSH, MD. — A joint venture between Atapco Properties Inc. and Chesapeake Real Estate Group (CREG) has broken ground on two industrial buildings within Nottingham Ridge Logistics Center in White Marsh. The two buildings will total 750,000 square feet and are expected to be delivered in early 2020. The first building, situated at 5300 Nottingham Drive, will total 585,000 square feet and feature 36-foot clear ceiling heights. The adjacent 5301 Nottingham Drive will be a 165,000-square-foot building with 32-foot clear ceiling heights. Both buildings will be equipped with drive-in and dock door loading capabilities. Atapco will lead development and construction activities, and CREG will lead marketing and leasing efforts. Nottingham Ridge Logistics Center is situated near Interstate 95 and about 10 miles from downtown Baltimore.
HOUSTON — Exeter Property Group, an investment firm with headquarters in suburban Philadelphia and London, has acquired Century Oaks Business Park, a 245,860-square-foot industrial development located at 10621–10641 S. Sam Houston Parkway. The property consists of six buildings situated on 19 acres. Clay Peeples and Bo Pettit of Boyd Commercial LLC/CORFAC International represented the seller, Bearden Investments, in the transaction. Daniel Miller and David Moore of Rubicon Representation acted on behalf of Exeter Property Group.
DALLAS — Fort Capital, an investment firm based in Fort Worth, has purchased the Valwood Portfolio, which consists of five light industrial properties in Dallas, totaling 157,000 square feet. The properties are located throughout the north and northwest parts of the city. The seller was not disclosed. With this acquisition, Fort Capital’s industrial portfolio now spans approximately 1.7 million square feet, putting the company on track to hit its goal of owning 2 million square feet by the third quarter of 2019.
GROVEPORT, OHIO — Industrial Commercial Properties LLC (ICP) has acquired a former Sears distribution center in Groveport, a southern suburb of Columbus, for an undisclosed price. The 570,000-square-foot facility is situated on 42.8 acres at 4400 S. Hamilton Road. ICP intends to lease up the vacant property, likely with two tenants. The company has acquired four properties from Sears since 2014.
JOLIET, ILL. — Accuride Corp. has fully leased a 291,728-square-foot industrial building at Rock Run Business Park in Joliet. The speculative building was completed in the fourth quarter of 2018. It features a clear height of 36 feet, 38 dock doors, 234 parking spaces and build-to-suit office options. Accuride, a manufacturer of premium automotive parts, will consolidate two of its Chicago-area facilities in Batavia and Naperville. Mike Fonda, Chris Lydon, Chris Tecu and Brian Pomorski of Avison Young represented the developer, IDI Logistics, in the lease transaction. Mark Urbanowicz and Matt Burton of Mohr Partners represented the tenant.